Public Finance Test 07 Mcqs Preparation Online

1. Which of the following should NOT be the aim of a government?

A. Full employment

B. Inequality of incomes

C. Economic growth

D. Price stability

2. In past decades Pakistan increased its GDP, yet living standard of majority has not risen. The most important cause of this situation is?

A. Increased govt. expenditure

B. Increased education

C. Increased imports

D. Increased population

3. The budget estimate prepared by ministry of finance is finally approved by?

A. National Assembly

B. State Bank

C. Senate

D. President

4. Pakistan's public debt is?

A. Smaller than GNP

B. Larger than GNP

C. Approximately equal to GNP

D. Smaller than our exports

5. Federal govt. budget estimate for 2010-11 is?

A. Bigger than 2800 trillion

B. 2800 million

C. 2800 trillion

D. 2800 billion

6. Government of Pakistan can increase its resources by?

A. Taxing people

B. All the three

C. Printing new notes

D. Borrowing

7. Which of the following would cause incomes to become more unequal?

A. Increased unemployment allowance

B. Increased employment

C. More regressive taxes

D. More progressive taxes

8. To control inflation the government should increase?

A. Income tax

B. Consumer spending

C. Budget deficit

D. Pensions

9. What is the benefit of tariffs?

A. Increased government revenue

B. More competition

C. More trade

D. Increased choice

10. The non-Muslims pay Zakat?

A. At a lower rate than Muslims

B. At a higher rate than Muslims

C. At the same rate

D. Do not pay Zakat

Public Finance Test 07 Mcqs Preparation Online

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