11th Principles of Economics MCQS
If the income of the government is less than its expenditures, such budget is called
Surplus budget
budget
Capital budget
Deficit budget
On which amount Zakat is payable
On one lac rupees
On the amount equal to the value of 7.5 tola gold or 52.5 tola silver
Twenty thousand rupees
On fifty thousand rupees
Usher is levied on
Cash amount
Goats and sheep
Agricultural production
Trading goods
One of the following is not included in the sources of public revenue
Fines
Defence
Tax
Fee
If income of the government is more than its expenditures, such budget is called
Balanced budget
Deficit budget
Surplus budget
Capital budget
A good thing in private finance
Expenditures are equal to income
a and b both
Income is more than expenditures
Expenditure are more than income
Payment of zakat is compulsory for ———– living in Islamic Country
Every Muslim
Only Sahib-e-Nisab Muslim
Every person
Only Poor Muslim
If the rate of tax increase with the increase of level of income, is called
Regressive tax
Value added tax
Progressive tax
Proportional tax
Which one of the following public expenditures is related to transport
Defence
Police
Railway
Public education
Government estimates its income and expenditures
Six monthly
Monthly
Three monthly
Annual
11th Principles of Economics MCQS
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