(A) Grater then GNP
(B) Approximately equal to GNP
(C) Small then GNP
(D) Smaller then our exports
Tag: Economics Mcq Questions and Answers
Which of the following would cause income to become more unequal:
(A) Increased employment
(B) Increased unemployment allownce
(C) More progressive taxes
(D) More regressive taxes
In Pakistan income tax is:
(A) Progressive tax
(B) Proportional
(C) Direct
(D) Both a and c
In Pakistan government budget is prepared by:
(A) National Assembly
(B) Presedent of Pakistan
(C) Ministry of finance
(D) State bank of Pakistan
Which of the following tax is best example of ability to pay principal of taxes:
(A) Excise tax on cigarettes’
(B) Highway tool tax
(C) Proportional sales tax
(D) Personal Income tax
It is direct tax:
(A) Excise tax
(B) Sales tax
(C) Income tax
(D) Custom duty
Taxes on commodities are:
(A) Direct taxes
(B) Indirect taxes
(C) Progressive taxes
(D) Proportional taxes
Whom of the following propounded principals of taxation:
(A) Keynes
(B) Marshal
(C) Adam Smith
(D) Al Ghazali