Public Finance Test 02 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 02 Mcqs Preparation Online 1. The most important source of income of a government is?A. Sprinting of new money B. Sale of government property C. TaxesD. Foreign loans Loading... 2. 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. 400 tax on Rs. 4000 income B. Rs. 450 tax on Rs. 5000 incomeC. Rs. 350 tax on Rs. 3000 incomeD. Rs. 150 tax on Rs. 2000 income Loading... 3. Which tax better conforms to the principle of equality in taxation?A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax Loading... 4. In Pakistan Income tax is?A. Proportional B. Progressive taxC. DirectD. (a) and (b) of above Loading... 5. Which is not counted as public expenditure?A. Defence expenditure B. Interest payment on national debt.C. Subsidy given to local city bus service D. Investment spending by public companies Loading... 6. Which one is not a principle of taxation?A. Principle of equality B. Principle of morality C. Principle of diversityD. Principle of certainty Loading... 7. 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. 200 B. 400 C. 600 D. 800 Loading... 8. Which source a private company cannot use?A. Deficit finance (new money)B. A bank loan C. A bank overdraft D. Selling new shares in stock exchange Loading... 9. Net taxes are?A. Total taxes minus govt. purchasesB. Business taxes minus personal taxes C. Domestic taxes minus foreign taxes D. Total taxes minus govt. transfer payments Loading... 10. 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... Loading... Related NTS Results Post:Public Finance Test 01 Mcqs Preparation OnlinePublic Finance Test 02 Mcqs Preparation OnlinePublic Finance Test 05 Mcqs Preparation OnlinePublic Finance Test 06 Mcqs Preparation OnlinePublic Finance Test 07 Mcqs Preparation OnlinePublic Finance Test 04 Mcqs Preparation OnlineBusiness and Finance MCQs Test 03 Preparation OnlineBusiness and Finance MCQs Test 04 Preparation Online
