Questions on Public Finance | Public Finance MCQs

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Questions
1 The budget estimate prepared by ministry of finance is finally approved by:
A State Bank
B President
C Senate
D National Assembly

Answer:National Assembly
2 Federal govt. budget estimate for 2010-11 is:
A 2800 million
B 2800 billion
C 2800 trillion
D Bigger than 2800 trillion

Answer: 2800 billion
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3 Government of Pakistan can increase its resources by:
A Taxing people
B Printing new notes
C Borrowing
D All the three

Answer:All the three
4 The non-Muslims pay Zakat:
A At a higher rate than Muslims
B At a lower rate than Muslims
C At the same rate
D Do not pay Zakat

Answer:Do not pay Zakat
5 To control inflation the government should increase:
A Budget deficit
B Consumer spending
C Income tax
D Pensions

Answer:Income tax
6 In past decades Pakistan increased its GDP, yet living standard of majority has not risen. The most important cause of this situation is:

A Increased govt. expenditure
B Increased imports
C Increased education
D Increased population

Answer:Increased population
7 Which of the following should NOT be the aim of a government:
A Economic growth
B Full employment
C Inequality of incomes
D Price stability

Answer: Inequality of incomes
8 Which of the following would cause incomes to become more unequal:
A Increased employment
B Increased unemployment allowance
C More progressive taxes
D More regressive taxes

Answer:More regressive taxes
9 What is the benefit of tariffs:
A Increased choice
B Increased government revenue
C More competition
D More trade

Answer:Increased government revenue
10 Pakistan's public debt is:
A Larger than GNP
B Approximately equal to GNP
C Smaller than GNP
D Smaller than our exports

Answer:Smaller than GNP

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