MCQs Macro Economics in English, Finance

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For the first time in Urdu, MCQs of Economics

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Macro Economics

Finance

These are the kinds of finance:

Public finance	Private finance
Both	None

Finance of an individual is kwon as:

Public finance	Private finance
Daily finance	Monthly finance

This tax is very easy to collect:

Property tax	Sales tax
Income tax	Progressive tax

 

 

 

Government finance is known as:

Public finance	Private finance
Both	None

This is not a direct tax.

Property tax	Wealth tax
Sales tax	Income tax

This is a direct tax.

Property tax	Wealth tax
Income tax	All

The rate of this tax increases as income rises:

Proportional tax	Progressive tax
Both	None

The rate of this tax does not change as income changes:

Proportional tax	Progressive tax
Both	None

This tax is paid by the person himself on whom it is levied:

Direct tax	Indirect tax
Proportional tax	Progressive tax

Adam Smith introduced the canons of:

Income	Savings
Taxation	Expenditures

This tax can be divert to others

Direct tax	Indirect tax
Proportional tax	Progressive tax

The govt. expenditures which are not related to any public benefits are known as:

Projective expenditures	Non- projective expenditures
Safe expenditures	All

The income collected from taxes is called:

Tax revenues	Non-tax revenues
Trade Income	Foreign Income

The income collected from the sources other than taxes is called:

Tax revenues	Non-tax revenues
Trade Income	Foreign Income

Who introduced the canons of taxation?

Adam Smith	Ricardo
Robbins	Marshall

If the expenditures are more than income, it is known as:

Balance of payment	Balance of trade
Deficit financing	Surplus financing

If the income of a country is more than expenditures, it is known as:

Balance of payment	Balance of trade
Deficit financing	Surplus financing

Sales tax is actually paid by:

Producers	Consumers
Traders	All

This class of people becomes happy on sales tax

Producers	Transporters
Traders	All

This kind of tax is frequently levied in Pakistan:

Direct tax	Indirect tax
Proportional tax	Progressive tax

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