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