Questions on Public Finance | Public Finance MCQs Quiz

Questions

1 The budget estimate prepared by ministry of finance is finally approved by:

A State Bank

B President

C Senate

D National Assembly

View Answer

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

View Answer

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

View Answer

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

View Answer

Answer:Do not pay Zakat

5 To control inflation the government should increase:

A Budget deficit

B Consumer spending

C Income tax

D Pensions

View Answer

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

View Answer

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

View Answer

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

View Answer

Answer:More regressive taxes

9 What is the benefit of tariffs:

A Increased choice

B Increased government revenue

C More competition

D More trade

View Answer

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

View Answer

Answer:Smaller than GNP

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