Quiz of Fiscal Policy of Pakistan are ready for those students who have gone through MCQs of Fiscal Policy of Pakistan. All these important mcqs of fiscal policy are available for Inspector Inland Revenue candidates. You can practice first its mcqs, then you should try these quiz. We assure you that you can qualify test if you try thrice.
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Quiz of Fiscal Policy of Pakistan
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Question 1 |
__________ Tax is also called as Marginal tax?
Regressive tax | |
Proportional tax | |
Progressive tax | |
Both a and b |
Question 2 |
________ is the tax which is increased with the increase in income?
Regressive tax | |
Progressive tax | |
Proportional tax | |
NOT |
Question 3 |
When government spends more money and collects less taxes?
Follows Expansionary FP | |
Follows Neutral FP | |
Follows Contractionary FP | |
AOT |
Question 4 |
________ tax brings equality in distribution of incomes and enhances government revenue?
Progressive tax | |
Regressive tax | |
Both a and b | |
NOT |
Question 5 |
Distribution of resources among provinces are done through?
National community fare | |
National finance commission | |
National final consumption | |
AOT |
Question 6 |
When government launches its budget?
Quarterly | |
Biannually | |
Annually | |
NOT |
Question 7 |
Name the types of fiscal policy_____________?
Neutral Policy | |
Expansionary Policy | |
Contractionary Policy | |
AOT |
Question 8 |
Motor token tax is ________?
Federal | |
Provincial | |
Both a and b | |
NOT |
Question 9 |
How much present of Annual Budget we need to pay interest for debt we have taken?
30% | |
41% | |
39% | |
AOT |
Question 10 |
There are ____ main theories of taxation?
2 | |
3 | |
4 | |
NOT |
Question 11 |
Fiscal policy of Pakistan deals with _____________?
Taxes | |
Expenditure | |
Both a and b | |
NOT |
Question 12 |
Pakistan need to pay _________ billion interest for the debt it has taken?
3059 | |
7523 | |
3708 | |
NOT |
Question 13 |
Total debt on Pakistan is _______________?
37078.5 Billion | |
47078 Billion | |
49707 Billion | |
NOT |
Question 14 |
__________ Fiscal policy is implemented for the sake to boosts the economy?
Expansionary fiscal policy | |
Contractionary fiscal policy | |
Neutral fiscal policy | |
NOT |
Question 15 |
Income tax, wealth tax corporate tax are the examples of _________?
Direct tax | |
Indirect tax | |
Both a and b | |
NOT |
Question 16 |
_______ the kind of tax where the incidence and impact of taxation does not fall on the same person or entity?
Indirect tax | |
Direct tax | |
Income Tax | |
NOT |
Question 17 |
Who levies taxes in Pakistan?
Board | |
Finance Minister | |
National Assembly | |
President |
Question 18 |
_______ Tax is also known as Flat tax
Progressive tax | |
Value added tax | |
Proportional tax | |
Both a and c |
Question 19 |
Under Fiscal Policy concepts, FY stands for________?
Fiscal Year | |
Financial Year | |
Foreign Yield | |
NOT |
Question 20 |
The main source of income of the government is _______?
Public debt | |
Foreign debt | |
Printing new currency | |
Taxes |
Question 21 |
Which of the following type of FP the government spending is fully funded by tax revenue?
Expansionary FP | |
Contractionary FP | |
Neutral FP | |
NOT |
Question 22 |
__________ is the tax which is levied on the income or profit of that person who pays himself?
Indirect tax | |
Direct tax | |
Both a and b | |
NOT |
Question 23 |
Taxes and Expenditure are the main element of the ___________?
Revenue Policy | |
Fiscal Policy | |
Economic Survey Policy | |
NOT |
Question 24 |
______ the type of tax which is levied on commodities?
Direct tax | |
Indirect | |
Progressive tax | |
NOT |
Question 25 |
Pakistan has _________ GDP Growth rate?
5% | |
2.2% | |
3.9 | |
2.9 |
Question 26 |
The government implement ________ policy to slow down economic growth in case of high inflation.
Contractionary FP | |
Expansionary FB | |
Neutral FP | |
AOT |
Question 27 |
Who monitors/supervises fiscal policy?
Government | |
Financial Institution | |
Prime Minister | |
NOT |
Question 28 |
If the government lowers the taxes and enhance spending, then it is following __________ fiscal policy?
Contractionary FP | |
Expansionary FP | |
Neutral FP | |
NOT |
Question 29 |
______ tax is levied with the same percentage for all people?
Progressive tax | |
Regressive tax | |
Proportional tax | |
NOT |
Question 30 |
Fiscal deficit tells about the _________ between revenue and expenditure?
Gap | |
Statement | |
Both a and b | |
NOT |
Question 31 |
Which of the following is/are the types of tax?
Direct tax | |
Indirect tax | |
Proportional tax | |
Progressive tax | |
Regressive tax | |
Value Added Tax | |
AOT |
Question 32 |
Current GDP of Pakistan is _________?
47709 | |
44708 | |
42789 | |
40447 |
Question 33 |
___________ the objective of fiscal policy?
Economic and price stability | |
Full employment and allocation of optimum resources | |
Encourage investment and growth | |
AOT |
Question 34 |
_________ explains fiscal policy statement?
Total public debt and per capita debt | |
Total expenditure, total fiscal deficit, | |
Total net revenue | |
Fiscal deficit other than foreign grans | |
AOT |
Question 35 |
IMF has given _____ revenue target for this year?
4.8 Trillion | |
5.6 Trillion | |
6 Trillion | |
NOT |
Question 36 |
What is the meaning of deficit financing?
Borrowing loan from public | |
Borrowing loan from foreign | |
Printing new currency | |
NOT |
Question 37 |
There are ______ types of Fiscal Policy?
1 | |
2 | |
3 | |
NOT |
Question 38 |
Why taxes are levied?
To collect funds | |
To provide benefit to the people | |
Both a and b | |
NOT |
Question 39 |
____ type of tax which is levied with larger percentage on the low income people?
Progressive | |
Regressive | |
Proportional | |
AOT |
Question 40 |
What is the sales tax rate implemented for the locally manufactured cars?
17% | |
15% | |
12.5% | |
19% |
Question 41 |
Sales tax is the example of ____________?
Proportional tax | |
Indirect tax | |
Progressive tax | |
Both a and b |
Question 42 |
What is the expected growth of GDP of Pakistan?
4.2% | |
3.8% | |
4.8% | |
NOT |
Question 43 |
Which of the following can measure fiscal deficit in percentage?
Country’s reserves | |
Import and export | |
Gross domestic product | |
NOT |
Question 44 |
Sales tax, custom duty, and excise duty are ________ kind of taxes?
Direct | |
Indirect | |
Both a and b | |
NOT |
Question 45 |
What was the FBR revenue target in 2020 to 2021?
4.4 Trillion | |
5.6 Trillion | |
4.7 Trillion | |
4.9 Trillion |
Question 46 |
___________ Policy is undertaken when an economy is in equilibrium?
Expansionary FP | |
Neutral FP | |
Contractionary FP | |
NOT |
Question 47 |
Which of the following is/are the tools of Fiscal Policy?
Taxation | |
Government spending | |
Both a and b | |
NOT |
Question 48 |
What is the total revenue target of FBR for this fiscal year?
5.2 Trillion | |
5.6 Trillion | |
5.8 Trillion | |
6 Trillion |
Question 49 |
Before _________ fiscal policy is brought?
Provincial Assembly | |
Board | |
National Assembly | |
President |
Question 50 |
Under which type of FP government can pay debts?
Expansionary FP | |
Neutral FP | |
Contractionary FP | |
NOT |
Question 51 |
Which type of fiscal policy is implemented during recession?
Neutral FP | |
Contractionary FP | |
Expansionary FP | |
AOT |
Question 52 |
In which FP type government raises taxes and reduces government spending?
Neutral FP | |
Contractionary FP | |
Expansionary FB | |
NOT |
Question 53 |
________ are the principles of taxation?
Certainty | |
Equality | |
Secrecy | |
Both a and b |
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