Public Finance Test 04 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 04 Mcqs Preparation Online 1. Government finance is called?A. (a) & (b) of aboveB. National finance C. Public finance D. Official finance Loading... 2. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on?A. RetailerB. Importer C. Wholesaler D. Last buyer Loading... 3. This tax is a good example of ability to pay principle of taxes?A. Proportional sales tax B. Highway toll tax C. Excise tax on cigarettes D. Personal income tax Loading... 4. Govt. budget is balanced when?A. Govt. income consists of both tax and non-tax income B. None of the aboveC. Govt. expenditure is kept to the minimum D. Government expenditure equals tax revenue Loading... 5. Govt. taxing and spending policies are called?A. Finance policyB. Monetary policy C. Commercial policy D. Fiscal policy Loading... 6. 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... 7. This is NOT a principle of taxation?A. Principle of certainty B. Principle of equality C. Principle of economyD. Principle of secrecy Loading... 8. The government can meet its expenditure?A. By printing new money B. By borrowing from banks and foreign countries C. By all the three methodsD. By taxing people Loading... 9. It is direct tax?A. All are indirect taxesB. Property tax B. C. Income tax D. Import tax Loading... 10. This is principle of taxation?A. Principle of economyB. Principle of morality C. Principle of secrecy D. Principle of honesty Loading... Loading... Related NTS Results Post:Biology Mcqs Test 06 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 12 Online PreparationIslamiat Mcqs Test 01 Online Preparation
