Economics MCQ Quiz Hub

Economics Public Finance

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1. Taxes are levied to:




2. Whom of the following propounded principles of taxation:




3. Taxes on commodities are:




4. Govt. prepares its budget:




5. One of the following is NOT a feature of private finance:




6. One of the following is NOT a feature of private finance:




7. It is direct tax:




8. These are heads of expenditure of the government EXCEPT?




9. The most important source of income of a government is:




10. Progressive taxes:




11. These are principles of taxation:




12. In Pakistan taxes are levied by:




13. Which of the following tax is best example of ability to pay principle of taxes:




14. Govt. taxing and spending policies are called:




15. Govt. budget is balanced when:




16. Government finance is called:




17. How the government can meet its expenditure:




18. The government can collect funds from:




19. A direct tax is that which:




20. In Pakistan government budget is prepared by:




21. In Pakistan Income tax is:




22. Which tax better conforms to the principle of equality in taxation




23. Which one is not a principle of taxation:




24. A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000 how much tax he will pay if his earning rises to 8000:




25. Which source a private company cannot use?




26. Net taxes are:




27. Which is not counted as public expenditure?




28. If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this which one of the following indictes that the income tax rate is progressive?




29. The most important source of income of a government is:




30. Progressive taxes:




31. This is NOT a principle of taxation:




32. This is principle of taxation




33. In Pakistan the authority to levy taxes lies with:




34. This tax is a good example of ability to pay principle of taxes:




35. Govt. taxing and spending policies are called:




36. Govt. budget is balanced when:




37. Government finance is called:




38. The government can meet its expenditure:




39. It is direct tax:




40. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on:




41. If a person who is tax-payer can shift the burden of tax to someone else the tax is called:




42. The federal budget of Pakistan includes:




43. To bring equitable distribution of income in the country taxes should be




44. These are principles of taxation:




45. It is better way to finance the govt. budget:




46. Income tax in Pakistan is:




47. In Pakistan income tax is collected by:




48. Sales tax in Pakistan is:




49. It is easy and convenient to pay:




50. It is difficult to evade:




51. Zakat is not due on the gold owned by a person who has less than:




52. Zakat can be spent for this purpose:




53. It is a source of revenue for the Local overnment bodies:




54. Federal government transfers to provinces as their share in tax collection:




55. Which tax is not shared between central and provincial governments?




56. Which is provincial tax in Pakistan:




57. Tax is a payment:




58. The main source of revenue of federal government is:




59. In Pakistan Income tax is:




60. The budget estimate prepared by ministry of finance is finally approved by:




61. Federal govt. budget estimate for 2010-11 is:




62. Government of Pakistan can increase its resources by:




63. The non-Muslims pay Zakat:




64. To control inflation the government should increase:




65. In past decades Pakistan increased its GDP yet living standard of majority has not risen. The most important cause of this situation is:




66. Which of the following should NOT be the aim of a government:




67. Which of the following would cause incomes to become more unequal:




68. What is the benefit of tariffs:




69. Pakistan s public debt is:




70. Pakistan s fiscal year starts from:




71. The Federal budget is presented in the parliament by:




72. Pakistan s Budget has parts:




73. Federal government tax revenue collection includes:




74. Which is true:




75. Which is true?




76. The most important body to collect taxes in Pakistan is:




77. According to total amount collected the taxes fall in this order:




78. According to total amount collected the taxes fall in this order:




79. Which is true about amount of taxes collected in Pakistan:




80. Exemption limit for income tax in Pakistan is:




81. Rate of General Sales Tax (GST) is:




82. 40% of income of federal government is obtained from:




83. Pakistan s expenditure on defence is: