1 |
Governmet finance is called. |
- A. National finance
- B. Public finance
- C. Private finance
- D. a and b above
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2 |
It is direct tax |
- A. Excise tax
- B. Sales tax
- C. Income tax
- D. Custom duty
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3 |
Govt. prepares its budget |
- A. Weekly
- B. Montly
- C. Quarterly
- D. Annually
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4 |
InPakistan government budget is prepared by |
- A. National Assembly
- B. Presidnet of Pakistan
- C. Ministry of Finance
- D. State Bank of Pakistan
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5 |
The most important source of income of a goernemnt is. |
- A. Foreign loans
- B. Taxes
- C. Printing of new money
- D. Sale of governemnt property
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6 |
Govt. taxatio and spending policieis are called. |
- A. Fiscal policy
- B. Monetary policy
- C. Commercial policy
- D. Finance policy
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7 |
Oneof he following is NOT a feature of private finance. |
- A. Balancing of incoem and expenditure
- B. Secrecy
- C. Publicity
- D. Saving some part of income
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8 |
Which one of the NOT a principle of taxation |
- A. Principle of equality
- B. Pricniple of morality
- C. Principleof certainty
- D. Principle of diversity
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9 |
The Government can colect funds from |
- A. Taxes
- B. Fees
- C. Prices of public goods
- D. All the three
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10 |
Taxes on commodities are |
- A. Direct taxes
- B. Indirect Taxes
- C. Progressive taxes
- D. Propotional taxes
|