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

Question # 1

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 # 2

This is not a Principal of taxation

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

Question # 3

Taxes on commodities are

Direct taxes A
Indirect Taxes B
Progressive taxes C
Propotional taxes D

Question # 4

The most important source of income of a goernemnt is.

Foreign loans A
Taxes B
Printing of new money C
Sale of governemnt property D

Question # 5

Govt. taxatio and spending policieis are called.

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

Question # 6

InPakistan government budget is prepared by

National Assembly A
Presidnet of Pakistan B
Ministry of Finance C
State Bank of Pakistan D

Question # 7

The Government can colect funds from

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

Question # 8

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 # 9

In Pakistan, taxes are leived by

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

Question # 10

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 # 11

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually D

Question # 12

Which source a private company cannot use?

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

Question # 13

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 14

Governmet finance is called.

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

Question # 15

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 # 16

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 # 17

It is direct tax

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

Sr.#	Question	Answer
1	Which source a private company cannot use?	A. A Bank loan B. Tax C. Selling new shares in stock exchange D. Detail finance
2	Prograssive taxes	A. Are harmful for the economy B. Bring equality in distributio of income C. Compel rich people to be honest D. Decrease evasion of taxes
3	This is not a Principal of taxation	A. Principal of equality B. Pricipal of secracy C. Principal of adequacy D. Principal of convenience
4	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
5	Govt.taxing and spending policies are called.	A. Fiscal policy B. Public policy C. Monetary Policy D. Economic policy
6	Oneof he following is NOT a feature of private finance.	A. Balancing of incoem and expenditure B. Secrecy C. Publicity D. Saving some part of income
7	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
8	Progressive taxes	A. Incereasegovernemnt revenue B. Bring equality in distributio nof incomes C. Act as panality for rich people D. a and b of above
9	Taxes on commodities are	A. Direct taxes B. Indirect Taxes C. Progressive taxes D. Propotional taxes
10	It is direct tax	A. Excise tax B. Sales tax C. Income tax D. Custom duty

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Oneof he following is NOT a feature of private finance.

This is not a Principal of taxation

Taxes on commodities are

The most important source of income of a goernemnt is.

Govt. taxatio and spending policieis are called.

InPakistan government budget is prepared by

The Government can colect funds from

Prograssive taxes

In Pakistan, taxes are leived by

Which one of the NOT a principle of taxation

Govt. prepares its budget

Which source a private company cannot use?

Whom of the followng propounded principles of taxation

Governmet finance is called.

The most important source of income of a government is.

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

It is direct tax

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