Quiz of Fiscal Policy of Pakistan

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Quiz of Fiscal Policy of Pakistan

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Question 1
______ tax is levied with the same percentage for all people?
A
Progressive tax
B
Regressive tax
C
Proportional tax
D
NOT
Question 2
What is the expected growth of GDP of Pakistan?
A
4.2%
B
3.8%
C
4.8%
D
NOT
Question 3
There are ______ types of Fiscal Policy?
A
1
B
2
C
3
D
NOT
Question 4
What is the meaning of deficit financing?
A
Borrowing loan from public
B
Borrowing loan from foreign
C
Printing new currency
D
NOT
Question 5
In which FP type government raises taxes and reduces government spending?
A
Neutral FP
B
Contractionary FP
C
Expansionary FB
D
NOT
Question 6
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 7
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 8
When government spends more money and collects less taxes?
A
Follows Expansionary FP
B
Follows Neutral FP
C
Follows Contractionary FP
D
AOT
Question 9
Current GDP of Pakistan is _________?
A
47709
B
44708
C
42789
D
40447
Question 10
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 11
There are ____ main theories of taxation?
A
2
B
3
C
4
D
NOT
Question 12
Which of the following is/are the tools of Fiscal Policy?
A
Taxation
B
Government spending
C
Both a and b
D
NOT
Question 13
Under which type of FP government can pay debts?
A
Expansionary FP
B
Neutral FP
C
Contractionary FP
D
NOT
Question 14
Pakistan has _________ GDP Growth rate?
A
5%
B
2.2%
C
3.9
D
2.9
Question 15
What is the sales tax rate implemented for the locally manufactured cars?
A
17%
B
15%
C
12.5%
D
19%
Question 16
Which type of fiscal policy is implemented during recession?
A
Neutral FP
B
Contractionary FP
C
Expansionary FP
D
AOT
Question 17
Name the types of fiscal policy_____________?
A
Neutral Policy
B
Expansionary Policy
C
Contractionary Policy
D
AOT
Question 18
When government launches its budget?
A
Quarterly
B
Biannually
C
Annually
D
NOT
Question 19
________ are the principles of taxation?
A
Certainty
B
Equality
C
Secrecy
D
Both a and b
Question 20
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
Question 21
_______ Tax is also known as Flat tax
A
Progressive tax
B
Value added tax
C
Proportional tax
D
Both a and c
Question 22
__________ 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 23
Pakistan need to pay _________ billion interest for the debt it has taken?
A
3059
B
7523
C
3708
D
NOT
Question 24
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 25
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 26
_______ 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 27
Before _________ fiscal policy is brought?
A
Provincial Assembly
B
Board
C
National Assembly
D
President
Question 28
__________ 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 29
Total debt on Pakistan is _______________?
A
37078.5 Billion
B
47078 Billion
C
49707 Billion
D
NOT
Question 30
Fiscal policy of Pakistan deals with _____________?
A
Taxes
B
Expenditure
C
Both a and b
D
NOT
Question 31
IMF has given _____ revenue target for this year?
A
4.8 Trillion
B
5.6 Trillion
C
6 Trillion
D
NOT
Question 32
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 33
Distribution of resources among provinces are done through?
A
National community fare
B
National finance commission
C
National final consumption
D
AOT
Question 34
Why taxes are levied?
A
To collect funds
B
To provide benefit to the people
C
Both a and b
D
NOT
Question 35
Who levies taxes in Pakistan?
A
Board
B
Finance Minister
C
National Assembly
D
President
Question 36
____ type of tax which is levied with larger percentage on the low income people?
A
Progressive
B
Regressive
C
Proportional
D
AOT
Question 37
Sales tax, custom duty, and excise duty are ________ kind of taxes?
A
Direct
B
Indirect
C
Both a and b
D
NOT
Question 38
___________ 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 39
________ 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 40
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 41
__________ Tax is also called as Marginal tax?
A
Regressive tax
B
Proportional tax
C
Progressive tax
D
Both a and b
Question 42
Taxes and Expenditure are the main element of the ___________?
A
Revenue Policy
B
Fiscal Policy
C
Economic Survey Policy
D
NOT
Question 43
Under Fiscal Policy concepts, FY stands for________?
A
Fiscal Year
B
Financial Year
C
Foreign Yield
D
NOT
Question 44
________ is the tax which is increased with the increase in income?
A
Regressive tax
B
Progressive tax
C
Proportional tax
D
NOT
Question 45
_________ 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 46
Motor token tax is ________?
A
Federal
B
Provincial
C
Both a and b
D
NOT
Question 47
___________ Policy is undertaken when an economy is in equilibrium?
A
Expansionary FP
B
Neutral FP
C
Contractionary FP
D
NOT
Question 48
Fiscal deficit tells about the _________ between revenue and expenditure?
A
Gap
B
Statement
C
Both a and b
D
NOT
Question 49
Income tax, wealth tax corporate tax are the examples of _________?
A
Direct tax
B
Indirect tax
C
Both a and b
D
NOT
Question 50
______ the type of tax which is levied on commodities?
A
Direct tax
B
Indirect
C
Progressive tax
D
NOT
Question 51
The main source of income of the government is _______?
A
Public debt
B
Foreign debt
C
Printing new currency
D
Taxes
Question 52
Who monitors/supervises fiscal policy?
A
Government
B
Financial Institution
C
Prime Minister
D
NOT
Question 53
Sales tax is the example of ____________?
A
Proportional tax
B
Indirect tax
C
Progressive tax
D
Both a and b
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