Economics Public Finance Test 02 Mcqs Preparation Online Public Finance Test 02 Mcqs Preparation Online 1. Which of the following tax is best example of ability to pay principle of taxes?A. Proportional sales tax B. Personal income taxC. Highway toll tax D. Excise tax on cigarettes Loading... 2. Government finance is called?A. Private finance B. (a) and (b) of aboveC. National finance D. Public finance Loading... 3. How the government can meet its expenditure?A. By taxing people B. By printing new money C. By borrowing from banks and other governments D. By all the three methods Loading... 4. These are principles of taxation?A. Both (a) & (b)B. Principle of equality C. Principle of secrecy D. Principle of certainty Loading... 5. A direct tax is that which?A. Can be directly deposited in the banks B. Is paid by the person on whom it is leviedC. Can not be evadedD. Is heavy burden on the tax payers Loading... 6. In Pakistan government budget is prepared by?A. Ministry of Finance B. President of Pakistan C. National Assembly D. State Bank of Pakistan Loading... 7. In Pakistan, taxes are levied by?A. President of PakistanB. National assemblyC. Federal cabinet of ministers D. Prime minister of Pakistan Loading... 8. Govt. taxing and spending policies are called?A. Finance policyB. Fiscal policyC. Monetary policy D. Commercial policy Loading... 9. Govt. budget is balanced when?A. Govt. expenditure outstrips tax receipts B. Government expenditure equals tax revenue C. None of the aboveD. Govt. tax receipts outstrips expenditure Loading... 10. The government can collect funds from?A. Fees B. Taxes C. All the threeD. Prices of public goods Loading... Loading... Related PostsPublic Finance Test 01 Mcqs Preparation OnlinePublic Finance Test 02 Mcqs Preparation OnlinePublic Finance Test 04 Mcqs Preparation OnlinePublic Finance Test 05 Mcqs Preparation OnlinePublic Finance Test 06 Mcqs Preparation OnlinePublic Finance Test 07 Mcqs Preparation Online Continue Reading Previous Public Finance Test 01 Mcqs Preparation OnlineNext Public Finance Test 02 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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