Quiz of Fiscal Policy of Pakistan

– by
Post Views: 1,206

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.
You can also clear your concepts of fiscal policy first at our video lecture MCQs of Fiscal Policy then you may practice these questions. For video

Quiz of Fiscal Policy of Pakistan

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

You may also try MCQs of Functions of FBR