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Free download in PDF Public Finance Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, NDA, SSC etc. These short solved questions or quizzes are provided by Gkseries./p>
(1)
The budget estimate prepared by ministry of finance is finally approved by:
[A]
State Bank
[B]
President
[C]
Senate
[D]
National Assembly
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
(3)
Government of Pakistan can increase its resources by:
[A]
Taxing people
[B]
Printing new notes
[C]
Borrowing
[D]
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
(5)
To control inflation the government should increase:
[A]
Budget deficit
[B]
Consumer spending
[C]
Income tax
[D]
Pensions
(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
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
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
Answer: More regressive taxes
(9)
What is the benefit of tariffs:
[A]
Increased choice
[B]
Increased government revenue
[C]
More competition
[D]
More trade
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
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