Public Finance Test 04 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 04 Mcqs Preparation Online 1. This is NOT a principle of taxation?A. Principle of certainty B. Principle of secrecy C. Principle of economyD. Principle of equality Loading... 2. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on?A. Importer B. Wholesaler C. Last buyer D. Retailer Loading... 3. This tax is a good example of ability to pay principle of taxes?A. Proportional sales tax B. Personal income taxC. Excise tax on cigarettes D. Highway toll tax 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. Government expenditure equals tax revenue D. None of the above Loading... 5. Government finance is called?A. Official finance B. National finance C. Public finance D. (a) & (b) of above Loading... 6. In Pakistan, the authority to levy taxes lies with?A. Federal cabinet of ministers B. National assemblyC. President of Pakistan D. Prime minister of Pakistan Loading... 7. Govt. taxing and spending policies are called?A. Fiscal policy B. Monetary policy C. Finance policyD. Commercial policy Loading... 8. This is principle of taxation?A. Principle of economyB. Principle of morality C. Principle of secrecy D. Principle of honesty Loading... 9. The government can meet its expenditure?A. By borrowing from banks and foreign countries B. By all the three methodsC. By taxing peopleD. By printing new money Loading... 10. It is direct tax?A. Import tax B. Income tax C. All are indirect taxesD. Property tax B. Loading... Loading... Related NTS Results Post:Public 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 03 Preparation OnlineBusiness and Finance MCQs Test 04 Preparation Online
