Public Finance Test 01 Mcqs Preparation Online

1. Whom of the following propounded principles of taxation?

A. Al Ghazali

B. Marshall

C. Keynes

D. Adam Smith

2. It is direct tax?

A. Sales tax

B. Excise tax

C. Custom duty

D. Income tax

3. One of the following is NOT a feature of private finance?

A. Saving some part of income

B. Publicity

C. Balancing of income and expenditure

D. Secrecy

4. The most important source of income of a government is?

A. Printing of new money

B. Taxes

C. Foreign loans

D. Sale of government property

5. Taxes are levied to?

A. Provide general benefits for the people

B. Penalise people

C. Provide direct benefits to tax payers

D. To accumulate funds

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

A. Improve transport and communication

B. Defence

C. Provide cosmetics

D. Provide social services

7. Govt. prepares its budget?

A. Monthly

B. Quarterly

C. Weekly

D. Annually

8. One of the following is NOT a feature of private finance?

A. Publicity

B. Taking steps to increase income

C. Secrecy

D. Efforts to balance income and expenditure

9. Taxes on commodities are?

A. Progressive taxes

B. Direct taxes

C. Proportional taxes

D. Indirect taxes

10. Progressive taxes?

A. Increase government revenue

B. Bring equality in distribution of incomes

C. Act as penalty for rich people

D. Both (a) & (b)

Public Finance Test 01 Mcqs Preparation Online

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