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Preparation OnlineNext Public Finance Test 05 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published.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