Public Finance Test 01 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 01 Mcqs Preparation Online 1. Taxes on commodities are?A. Progressive taxes B. Direct taxes C. Proportional taxesD. Indirect taxes Loading... 2. Taxes are levied to?A. Provide general benefits for the people B. To accumulate fundsC. Penalise people D. Provide direct benefits to tax payers Loading... 3. One of the following is NOT a feature of private finance?A. Saving some part of incomeB. Secrecy C. PublicityD. Balancing of income and expenditure Loading... 4. It is direct tax?A. Income tax B. Custom dutyC. Sales tax D. Excise tax Loading... 5. One of the following is NOT a feature of private finance?A. PublicityB. Efforts to balance income and expenditure C. Taking steps to increase incomeD. Secrecy Loading... 6. These are heads of expenditure of the government EXCEPT?A. Improve transport and communication B. Provide social services C. Provide cosmeticsD. Defence Loading... 7. Progressive taxes?A. Both (a) & (b)B. Bring equality in distribution of incomes C. Act as penalty for rich people D. Increase government revenue Loading... 8. Govt. prepares its budget?A. Weekly B. AnnuallyC. Monthly D. Quarterly Loading... 9. 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 Loading... 10. Whom of the following propounded principles of taxation?A. Adam SmithB. Al GhazaliC. Marshall D. Keynes Loading... Loading...
