Public Finance Test 01 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 01 Mcqs Preparation Online 1. Govt. prepares its budget?A. Monthly B. AnnuallyC. Weekly D. Quarterly Loading... 2. It is direct tax?A. Income tax B. Excise tax C. Custom dutyD. Sales tax Loading... 3. Whom of the following propounded principles of taxation?A. Adam SmithB. Al GhazaliC. Marshall D. Keynes Loading... 4. One of the following is NOT a feature of private finance?A. Balancing of income and expenditureB. Saving some part of incomeC. Secrecy D. Publicity Loading... 5. Progressive taxes?A. Bring equality in distribution of incomes B. Increase government revenue C. Act as penalty for rich people D. Both (a) & (b) Loading... 6. One of the following is NOT a feature of private finance?A. PublicityB. Efforts to balance income and expenditure C. Secrecy D. Taking steps to increase income Loading... 7. Taxes on commodities are?A. Direct taxes B. Progressive taxes C. Indirect taxesD. Proportional taxes Loading... 8. Taxes are levied to?A. Provide direct benefits to tax payers B. Provide general benefits for the people C. To accumulate fundsD. Penalise people Loading... 9. The most important source of income of a government is?A. Taxes B. Printing of new money C. Sale of government propertyD. Foreign loans Loading... 10. These are heads of expenditure of the government EXCEPT?A. Provide cosmeticsB. Provide social services C. Improve transport and communication D. Defence Loading... Loading... Related NTS Results Post:Biology Mcqs Test 06 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 12 Online PreparationIslamiat Mcqs Test 01 Online Preparation
