11th Principles of Economics MCQS Chapter 13

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11th Principles of Economics MCQS
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During boom, a government prepares budget which is
Unbalanced
Surplus
Balanced
Deficit

The tax which is levied on the sale of goods is called
Income tax
Sales tax
Property tax
Gift tax

The percentage part of the mineral production is payable as Zakat on private owners of minerals
5%
10%
20%
15%

To the name of which economist, canons of taxation are attributed
Robbins
Keynes
Pigou
Adam smith

Private owners of minerals are bound to pay ——— Zakat of their production
20%
15%
10%
25%

The main source of the public revenue is
Fines
Tax
Gifts and aid
Fee

Public finance and private finance are of each other
Synonymous
Opposite
None of three
Similar & different

The tax whose burden can be shifted to the customers, is called
Progressive tax
Indirect tax
Proportional tax
Direct tax

Zakat is part of the present income
50th
20th
30th
40th

The revenue collection of government and spending policy is called
commercial policy
Labour policy
Monetary policy
Fiscal policy

11th Principles of Economics MCQS

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