12th class Economics chapter 6 online mcq test with answers for ICS part 2 Economics chapter 6 (Central Bank)

Question # 1

This is not a Principal of taxation

Principal of equality A
Pricipal of secracy B
Principal of adequacy C
Principal of convenience D

Question # 2

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually D

Question # 3

Which source a private company cannot use?

A Bank loan A
Tax B
Selling new shares in stock exchange C
Detail finance D

Question # 4

The Government can colect funds from

Taxes A
Fees B
Prices of public goods C
All the three D

Question # 5

Govt.taxing and spending policies are called.

Fiscal policy A
Public policy B
Monetary Policy C
Economic policy D

Question # 6

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 7

Which of the followign tax is best example of ability to pay principle of taxes

excise tax on cigratettes A
Highway tolltax B
Personal income tax C
Proportional sales tax D

Question # 8

The most important source of income of a government is.

Foreign loans A
Printing of New money B
Sale of government property C
Taxes D

Question # 9

Prograssive taxes

Are harmful for the economy A
Bring equality in distributio of income B
Compel rich people to be honest C
Decrease evasion of taxes D

Question # 10

It is direct tax

Excise tax A
Sales tax B
Income tax C
Custom duty D

Question # 11

In Pakistan, taxes are leived by

Prime Minister of Pakistan A
President of Pakistan B
Federal cabinet of ministers C
National Assembly D

Question # 12

Progressive taxes

Incereasegovernemnt revenue A
Bring equality in distributio nof incomes B
Act as panality for rich people C
a and b of above D

Question # 13

Oneof he following is NOT a feature of private finance.

Balancing of incoem and expenditure A
Secrecy B
Publicity C
Saving some part of income D

Question # 14

Govt. taxatio and spending policieis are called.

Fiscal policy A
Monetary policy B
Commercial policy C
Finance policy D

Question # 15

Which one of the NOT a principle of taxation

Principle of equality A
Pricniple of morality B
Principleof certainty C
Principle of diversity D

Question # 16

Governmet finance is called.

National finance A
Public finance B
Private finance C
a and b above D

Question # 17

In Pakistan Income tax is

Progressive tax A
Regressive tax B
Proportional tax C
Fixed tax D

Sr.#	Question	Answer
1	Govt.taxing and spending policies are called.	A. Fiscal policy B. Public policy C. Monetary Policy D. Economic policy
2	Which source a private company cannot use?	A. A Bank loan B. Tax C. Selling new shares in stock exchange D. Detail finance
3	Govt. prepares its budget	A. Weekly B. Montly C. Quarterly D. Annually
4	Governmet finance is called.	A. National finance B. Public finance C. Private finance D. a and b above
5	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
6	It is direct tax	A. Excise tax B. Sales tax C. Income tax D. Custom duty
7	Whom of the followng propounded principles of taxation	A. Keynes B. Adam Smith C. Marshall D. Ghazali
8	The most important source of income of a goernemnt is.	A. Foreign loans B. Taxes C. Printing of new money D. Sale of governemnt property
9	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
10	The most important source of income of a government is.	A. Foreign loans B. Printing of New money C. Sale of government property D. Taxes

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This is not a Principal of taxation

Govt. prepares its budget

Which source a private company cannot use?

The Government can colect funds from

Govt.taxing and spending policies are called.

Whom of the followng propounded principles of taxation

Which of the followign tax is best example of ability to pay principle of taxes

The most important source of income of a government is.

Prograssive taxes

It is direct tax

In Pakistan, taxes are leived by

Progressive taxes

Oneof he following is NOT a feature of private finance.

Govt. taxatio and spending policieis are called.

Which one of the NOT a principle of taxation

Governmet finance is called.

In Pakistan Income tax is

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