Public Finance Test 06 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Public Finance Test 06 Mcqs Preparation Online 1. Tax is a payment?A. Unnecessary B. TemporaryC. Compulsory D. Voluntary Loading... 2. In Pakistan Income tax is?A. Direct B. Progressive tax C. Proportional D. (a) and (c) of above Loading... 3. The main source of revenue of federal government is?A. Property taxes B. Token tax C. Custom duties D. Sales tax Loading... 4. Which tax is not shared between central and provincial governments?A. Excise tax B. Custom duty C. Property taxD. Sales tax Loading... 5. It is a source of revenue for the Local overnment bodies?A. Value added taxB. Property taxC. Corporation tax D. Excise tax Loading... 6. Zakat can be spent for this purpose?A. All of the aboveB. Payment of fee of a poor child C. Help poor parents D. Performing Hajj Loading... 7. Zakat is not due on the gold owned by a person who has less than?A. 30 tolas B. 7.5 tolasC. 15 tolasD. 60 tolas Loading... 8. In Pakistan government budget is prepared by?A. State Bank of PakistanB. Ministry of Finance C. National assembly D. President of Pakistan Loading... 9. Federal government transfers to provinces as their share in tax collection?A. More than 40% but less than 60% B. More than 90%C. Less than 40% D. More than 60% Loading... 10. Which is provincial tax in Pakistan?A. Import duty B. Motors token taxC. Sales tax D. Excise tax Loading... Loading...
