Public Finance Test 04 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 04 Mcqs Preparation Online 1. Govt. taxing and spending policies are called?A. Monetary policy B. Commercial policy C. Finance policyD. Fiscal policy Loading... 2. Government finance is called?A. (a) & (b) of aboveB. National finance C. Public finance D. Official finance Loading... 3. This is principle of taxation?A. Principle of honesty B. Principle of economyC. Principle of secrecy D. Principle of morality Loading... 4. In Pakistan, the authority to levy taxes lies with?A. President of Pakistan B. Prime minister of Pakistan C. National assemblyD. Federal cabinet of ministers Loading... 5. Govt. budget is balanced when?A. Govt. expenditure is kept to the minimum B. Government expenditure equals tax revenue C. Govt. income consists of both tax and non-tax income D. None of the above Loading... 6. This tax is a good example of ability to pay principle of taxes?A. Personal income taxB. Highway toll tax C. Proportional sales tax D. Excise tax on cigarettes Loading... 7. The government can meet its expenditure?A. By printing new money B. By taxing peopleC. By borrowing from banks and foreign countries D. By all the three methods Loading... 8. It is direct tax?A. Property tax B. B. Import tax C. Income tax D. All are indirect taxes Loading... 9. This is NOT a principle of taxation?A. Principle of certainty B. Principle of secrecy C. Principle of economyD. Principle of equality Loading... 10. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on?A. Wholesaler B. RetailerC. Importer D. Last buyer Loading... Loading...
