Economics Public Finance Test 04 Mcqs Preparation Online 0 Public Finance Test 04 Mcqs Preparation Online 1. It is direct tax?A. Import tax B. Income tax C. Property tax B. D. All are indirect taxes Loading... 2. This tax is a good example of ability to pay principle of taxes?A. Highway toll tax B. Personal income taxC. Excise tax on cigarettes D. Proportional sales tax Loading... 3. In Pakistan, the authority to levy taxes lies with?A. President of Pakistan B. National assemblyC. Federal cabinet of ministers D. Prime minister of Pakistan Loading... 4. Govt. budget is balanced when?A. Govt. income consists of both tax and non-tax income B. Govt. expenditure is kept to the minimum C. None of the aboveD. Government expenditure equals tax revenue Loading... 5. This is principle of taxation?A. Principle of morality B. Principle of honesty C. Principle of secrecy D. Principle of economy Loading... 6. Government finance is called?A. (a) & (b) of aboveB. Public finance C. Official finance D. National finance Loading... 7. The government can meet its expenditure?A. By taxing peopleB. By borrowing from banks and foreign countries C. By all the three methodsD. By printing new money Loading... 8. This is NOT a principle of taxation?A. Principle of secrecy B. Principle of equality C. Principle of economyD. Principle of certainty Loading... 9. Govt. taxing and spending policies are called?A. Finance policyB. Fiscal policy C. Commercial policy D. Monetary policy Loading... 10. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on?A. RetailerB. Wholesaler C. Importer D. Last buyer Loading... Loading... Related PostsPublic Finance Test 01 Mcqs Preparation OnlinePublic Finance Test 02 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 OnlineBusiness and Finance MCQs Test 06 Preparation OnlineBusiness and Finance MCQs Test 07 Preparation OnlineBusiness and Finance MCQs Test 08 Preparation OnlineBusiness and Finance MCQs Test 01 Preparation Online Continue Reading Previous Public Finance Test 02 Mcqs Preparation OnlineNext Public Finance Test 05 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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