Public Finance Test 02 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 02 Mcqs Preparation Online 1. Which one is not a principle of taxation?A. Principle of certainty B. Principle of equality C. Principle of diversityD. Principle of morality Loading... 2. The most important source of income of a government is?A. TaxesB. Sale of government property C. Foreign loans D. Sprinting of new money Loading... 3. A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000, how much tax he will pay if his earning rises to 8000?A. 600 B. 200 C. 800D. 400 Loading... 4. Progressive taxes?A. (a) & (b) of aboveB. Bring equality in distribution of incomes C. Increase government revenue D. Compel rich people to be honest Loading... 5. Which is not counted as public expenditure?A. Investment spending by public companies B. Defence expenditure C. Subsidy given to local city bus service D. Interest payment on national debt. Loading... 6. Which source a private company cannot use?A. Selling new shares in stock exchange B. A bank overdraft C. A bank loan D. Deficit finance (new money) Loading... 7. In Pakistan Income tax is?A. Proportional B. DirectC. Progressive taxD. (a) and (b) of above Loading... 8. Net taxes are?A. Total taxes minus govt. purchasesB. Total taxes minus govt. transfer payments C. Business taxes minus personal taxes D. Domestic taxes minus foreign taxes Loading... 9. Which tax better conforms to the principle of equality in taxation?A. Fixed taxB. Progressive tax C. Regressive tax D. Proportional tax Loading... 10. If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this, which one of the following indictes that the income tax rate is progressive?A. Rs. 350 tax on Rs. 3000 incomeB. Rs. 400 tax on Rs. 4000 income C. Rs. 450 tax on Rs. 5000 incomeD. Rs. 150 tax on Rs. 2000 income 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
