Public Finance Test 02 Mcqs Preparation Online

1. A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000, how much tax he will pay if his earning rises to 8000?

2. Which tax better conforms to the principle of equality in taxation?

3. Which source a private company cannot use?

4. Progressive taxes?

5. In Pakistan Income tax is?

6. The most important source of income of a government is?

7. Which is not counted as public expenditure?

8. Which one is not a principle of taxation?

9. Net taxes are?

10. If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this, which one of the following indictes that the income tax rate is progressive?