Question # 1

It is direct tax

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Excise tax

Sales tax

Income tax

Custom duty

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

Which source a private company cannot use?

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A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

In Pakistan, taxes are leived by

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Prime Minister of Pakistan

President of Pakistan

Federal cabinet of ministers

National Assembly

In Pakistan Income tax is

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Progressive tax

Regressive tax

Proportional tax

Fixed tax

Oneof he following is NOT a feature of private finance.

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Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

Which one of the NOT a principle of taxation

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Principle of equality

Pricniple of morality

Principleof certainty

Principle of diversity

Govt. taxatio and spending policieis are called.

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Fiscal policy

Monetary policy

Commercial policy

Finance policy

Prograssive taxes

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Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

Govt. prepares its budget

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Weekly

Montly

Quarterly

Annually

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

InPakistan government budget is prepared by

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National Assembly

Presidnet of Pakistan

Ministry of Finance

State Bank of Pakistan

Which of the followign tax is best example of ability to pay principle of taxes

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excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

Progressive taxes

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Incereasegovernemnt revenue

Bring equality in distributio nof incomes

Act as panality for rich people

a and b of above

The most important source of income of a goernemnt is.

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Foreign loans

Taxes

Printing of new money

Sale of governemnt property

The most important source of income of a government is.

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Foreign loans

Printing of New money

Sale of government property

Taxes

Govt.taxing and spending policies are called.

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Fiscal policy

Public policy

Monetary Policy

Economic policy

Governmet finance is called.

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National finance

Public finance

Private finance

a and b above

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

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