Public Finance Test 07 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 07 Mcqs Preparation Online 1. Pakistan's public debt is?A. Smaller than our exportsB. Approximately equal to GNP C. Smaller than GNP D. Larger than GNP Loading... 2. Government of Pakistan can increase its resources by?A. Taxing people B. Borrowing C. Printing new notes D. All the three Loading... 3. To control inflation the government should increase?A. Budget deficit B. Income tax C. Consumer spending D. Pensions Loading... 4. Which of the following would cause incomes to become more unequal?A. More progressive taxes B. Increased employment C. Increased unemployment allowance D. More regressive taxes Loading... 5. Federal govt. budget estimate for 2010-11 is?A. 2800 billion B. 2800 trillion C. Bigger than 2800 trillionD. 2800 million Loading... 6. Which of the following should NOT be the aim of a government?A. Price stabilityB. Economic growth C. Inequality of incomes D. Full employment Loading... 7. 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 populationB. Increased govt. expenditure C. Increased imports D. Increased education Loading... 8. The non-Muslims pay Zakat?A. At the same rate B. At a higher rate than Muslims C. Do not pay ZakatD. At a lower rate than Muslims Loading... 9. What is the benefit of tariffs?A. More competition B. Increased government revenueC. More tradeD. Increased choice Loading... 10. The budget estimate prepared by ministry of finance is finally approved by?A. Senate B. President C. National AssemblyD. State Bank Loading... Loading...
