| 1 |
Which is the most widely used tool of monetary policy |
- A. Clearing house
- B. Open-market operations
- C. Discount rate
- D. Issuing of notes
|
| 2 |
A person who is tax-payer can shift the burden of tax to someone else. The tax is called. |
- A. shiftable tax
- B. Indirect tax
- C. transfer tax
- D. undesirable tax
|
| 3 |
In Pakistan income tax is collected |
- A. Local Govt.
- B. Provincial govt.
- C. Federal govt.
- D. all govts.
|
| 4 |
The taxing and spending policies are called |
- A. fiscal policy
- B. Public policy
- C. Monetary policy
- D. economic policy
|
| 5 |
It is source of revenue for the local government. |
- A. Corporation tax
- B. Value added tax
- C. excise tax
- D. Property tax
|
| 6 |
10-rupee not is issued by |
- A. National bank
- B. State bank
- C. Govt. of Pakistan
- D. Governor State bank
|
| 7 |
This is NOT a principle of taxation. |
- A. Principle of equality
- B. Principle of morality
- C. Principal of secrecy
- D. Principal of economy
|
| 8 |
Which system of taxation does the table represents? |
- A. Indirect
- B. Progressive
- C. Proportional
- D. Regressive
|
| 9 |
Which statement is true of the relationship between bond prices and bond yields |
- A. The vary inversely
- B. They vary directly
- C. They are not related
- D. They are related in long run and not in the short run
|
| 10 |
Every country establishes central bank to |
- A. Issue notes
- B. Supervise commercial banks
- C. Give loans to businessmen
- D. A and B of above
|
