11th Principles of Economics MCQS
In private finance the individuals estimate their income and expenditures
Weekly
Daily
Yearly
Monthly
Adam Smith presented the basic canons of taxation
Three
Two
Five
Four
Which one of the following is direct tax
Income tax
Import duty
Sales tax
Export duty
Zakat means
Purification
Both 1st and 2nd
Tax
Growth
If the income and expenditures of the government are equal, such budget is called
Capital budget
Surplus budget
Deficit budget
Balanced budget
Indirect taxes become cause of
Stability of prices
Change in prices
Increase in prices
Decrease in prices
The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources
5%
15%
10%
20%
If every person pays tax according to his capacity, it is called
Canon of productivity
Canon of convenience
Canon of certainly
Canon of equality
Branches of public finance are
Five
Four
Three
Two
Wealth tax, income tax, property tax etc are
Proportional taxes
Direct taxes
Progressive taxes
Indirect taxes
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11th Principles of Economics MCQS
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