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

Question # 1

InPakistan government budget is prepared by

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

Question # 2

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 # 3

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 # 4

In Pakistan Income tax is

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

Question # 5

This is not a Principal of taxation

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

Question # 6

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 # 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

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 # 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

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 # 11

The Government can colect funds from

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

Question # 12

Taxes on commodities are

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

Question # 13

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 14

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 # 15

Govt.taxing and spending policies are called.

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

Question # 16

Which source a private company cannot use?

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

Question # 17

Govt. taxatio and spending policieis are called.

Fiscal policy A
Monetary policy B
Commercial policy C
Finance policy 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	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
4	Whom of the followng propounded principles of taxation	A. Keynes B. Adam Smith C. Marshall D. Ghazali
5	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
6	Which one of the NOT a principle of taxation	A. Principle of equality B. Pricniple of morality C. Principleof certainty D. Principle of diversity
7	Which of the followign tax is best example of ability to pay principle of taxes	A. excise tax on cigratettes B. Highway tolltax C. Personal income tax D. Proportional sales tax
8	This is not a Principal of taxation	A. Principal of equality B. Pricipal of secracy C. Principal of adequacy D. Principal of convenience
9	In Pakistan, taxes are leived by	A. Prime Minister of Pakistan B. President of Pakistan C. Federal cabinet of ministers D. National Assembly
10	Govt. prepares its budget	A. Weekly B. Montly C. Quarterly D. Annually

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