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

Question # 1

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 # 2

Govt. taxatio and spending policieis are called.

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

Question # 3

Governmet finance is called.

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

Question # 4

Taxes on commodities are

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

Question # 5

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 # 6

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 # 7

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 # 8

InPakistan government budget is prepared by

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

Question # 9

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 10

The Government can colect funds from

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

Question # 11

It is direct tax

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

Question # 12

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 # 13

In Pakistan Income tax is

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

Question # 14

In Pakistan, taxes are leived by

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

Question # 15

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 # 16

This is not a Principal of taxation

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

Question # 17

Which source a private company cannot use?

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

Sr.#	Question	Answer
1	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
2	The Government can colect funds from	A. Taxes B. Fees C. Prices of public goods D. All the three
3	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
4	This is not a Principal of taxation	A. Principal of equality B. Pricipal of secracy C. Principal of adequacy D. Principal of convenience
5	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
6	In Pakistan, taxes are leived by	A. Prime Minister of Pakistan B. President of Pakistan C. Federal cabinet of ministers D. National Assembly
7	Taxes on commodities are	A. Direct taxes B. Indirect Taxes C. Progressive taxes D. Propotional taxes
8	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
9	Whom of the followng propounded principles of taxation	A. Keynes B. Adam Smith C. Marshall D. Ghazali
10	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

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Progressive taxes

Govt. taxatio and spending policieis are called.

Governmet finance is called.

Taxes on commodities are

The most important source of income of a government is.

Which one of the NOT a principle of taxation

The most important source of income of a goernemnt is.

InPakistan government budget is prepared by

Whom of the followng propounded principles of taxation

The Government can colect funds from

It is direct tax

Oneof he following is NOT a feature of private finance.

In Pakistan Income tax is

In Pakistan, taxes are leived by

Prograssive taxes

This is not a Principal of taxation

Which source a private company cannot use?

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