11th Principles of Economics MCQS
Number of beneficiaries of Zakat is stated in the holy Quran
Nine
Five
Seven
Eight
Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration
This definition is stated by
This definition is stated by
Pigou
Marshall
Bastable
Armitage Smith
One of the following is not included in the branches of public finance
Public expenditure
Welfare of the people
Public debt
Public revenue
Annual rate of Zakat on cash and trading goods is
2,5%
3.50%
2.00%
3.00%
The study of nature and principles of government expenditures and revenue is called public finance
This definition is stated by
This definition is stated by
Robbins
Bastable
Armitage Smith
Ricardo
If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called
Indirect tax
Progressive tax
Direct tax
Proportional tax
Private individuals are not allowed to fullfil their needs
To print notes
To get financial help from the relatives
To get loans from the friends
To get loans from the domestic financial institutions
During depression, a government prepares budget which is
Balanced
Unbalanced
Deficit
Surplus
The rate of usher on product of canal land is
5%
10%
2.50%
20%
Which one of the following is indirect tax
Income tax
Sales tax
Property tax
Wealth tax