Public Finance Test 02 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 02 Mcqs Preparation Online 1. In Pakistan government budget is prepared by?A. State Bank of PakistanB. Ministry of Finance C. National Assembly D. President of Pakistan Loading... 2. In Pakistan, taxes are levied by?A. National assemblyB. President of PakistanC. Prime minister of Pakistan D. Federal cabinet of ministers Loading... 3. A direct tax is that which?A. Can be directly deposited in the banks B. Can not be evadedC. Is paid by the person on whom it is leviedD. Is heavy burden on the tax payers Loading... 4. Govt. taxing and spending policies are called?A. Finance policyB. Monetary policy C. Fiscal policyD. Commercial policy Loading... 5. How the government can meet its expenditure?A. By all the three methodsB. By printing new money C. By taxing people D. By borrowing from banks and other governments Loading... 6. Which of the following tax is best example of ability to pay principle of taxes?A. Personal income taxB. Excise tax on cigarettes C. Proportional sales tax D. Highway toll tax Loading... 7. Govt. budget is balanced when?A. None of the aboveB. Govt. expenditure outstrips tax receipts C. Government expenditure equals tax revenue D. Govt. tax receipts outstrips expenditure Loading... 8. Government finance is called?A. (a) and (b) of aboveB. Public finance C. Private finance D. National finance Loading... 9. These are principles of taxation?A. Both (a) & (b)B. Principle of secrecy C. Principle of certainty D. Principle of equality Loading... 10. The government can collect funds from?A. All the threeB. Fees C. Taxes D. Prices of public goods Loading... Loading... Related NTS Results Post:Business and Finance MCQs Test 08 Preparation OnlineBusiness and Finance MCQs Test 05 Preparation OnlineBusiness and Finance MCQs Test 07 Preparation OnlineBusiness and Finance MCQs Test 06 Preparation OnlineBusiness and Finance MCQs Test 02 Preparation OnlineBusiness and Finance MCQs Test 04 Preparation OnlineBusiness and Finance MCQs Test 01 Preparation OnlineBusiness and Finance MCQs Test 03 Preparation Online
