12th Class Economics MCQS Set 1

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12th Class Economics MCQS
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It is direct tadx
All are indirect taxes
Import tax
Propterty tax
Income tax

Credit money is controlled by
Markets
Commercial banks
Government
Central bank

Bank rate in Pakistan is
12%
42%
22%
32%

Invisible items in balance of payments include
Income from tourists
Foreign remittances
Internet charges
All the three

Which tax better conforms to the principle of equality in taxation.
Proportional tax
pregressive tax
progressieve tax
fixed tax

In Pakistan government budget is prepared by
National assembly
President of Pakistan
Ministry of Finance
State bank of Pakistan

IF GNP of Pakistan rises it will encourage
Both
Imports
Exports
None

This is a cause of unemployment
Hugh expenditure of government
Fast population growth
High literacy rate
Foreign loans

Pakistan produce oil out of total requirements
20%
50%
30%
40%

Convertible money means
It can buy goods
Illegal money
Govt. can give gold against it
Low value money

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