| 1 |
The most important source of income of a government is |
- A. Foreign loans
- B. Taxes
- C. Printing of new money
- D. Sales of government property
|
| 2 |
Trade between two countries cab be useful if const ratios of goods are |
- A. Equal
- B. Different
- C. Undetermined
- D. Decreasing
|
| 3 |
Govt. taxing and spending policies are called |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial policy
- D. Finance policy
|
| 4 |
It is direct tax |
- A. Excise tax
- B. Sales tax
- C. Income tax
- D. Custom duty
|
| 5 |
International trade is possible primarily thorough. |
- A. Generalization in production of all goods
- B. Specialization in production of one good
- C. Specialization in production of a few goods
- D. Al of the above
|
| 6 |
In Pakistan government budget is prepaid by |
- A. National assembly
- B. President of Pakistan
- C. Ministry of finance
- D. State bank of Pakistan
|
| 7 |
Term of trade of country |
- A. Mean agreement between trading countries
- B. Is another name of exchange ratio of two currencies
- C. Show the ratio between total export earnings and import bill of a country
- D. Are determined by teh price index of export and import goods
|
| 8 |
Which of the following tax is best example of ability to pay principle of taxes |
- A. Excise tax on cigarettes
- B. Highway toll tax
- C. Proportional sales tax
- D. Personal income tax
|
| 9 |
These are heads of expenditure of the government EXCEPT |
- A. Provide social services
- B. Defence
- C. Improve transport and communication
- D. Provide cosmetics
|
| 10 |
This is an advantage of foreign trade |
- A. We can preserve our natural resources
- B. New technology comes to the country
- C. people need not go abroad
- D. We can get foreign currences
|
