| 1 |
In Pakistan Income tax is |
- A. Progressive tax
- B. Regressive tax
- C. Proportional tax
- D. Fixed tax
|
| 2 |
Governmet finance is called. |
- A. National finance
- B. Public finance
- C. Private finance
- D. a and b above
|
| 3 |
Progressive taxes |
- A. Incereasegovernemnt revenue
- B. Bring equality in distributio nof incomes
- C. Act as panality for rich people
- D. a and b of above
|
| 4 |
Which source a private company cannot use? |
- A. A Bank loan
- B. Tax
- C. Selling new shares in stock exchange
- D. Detail finance
|
| 5 |
The Government can colect funds from |
- A. Taxes
- B. Fees
- C. Prices of public goods
- D. All the three
|
| 6 |
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
|
| 7 |
Prograssive taxes |
- A. Are harmful for the economy
- B. Bring equality in distributio of income
- C. Compel rich people to be honest
- D. Decrease evasion of taxes
|
| 8 |
Which of the followign tax is best example of ability to pay principle of taxes |
- A. excise tax on cigratettes
- B. Highway tolltax
- C. Personal income tax
- D. Proportional sales tax
|
| 9 |
Govt. taxatio and spending policieis are called. |
- A. Fiscal policy
- B. Monetary policy
- C. Commercial policy
- D. Finance policy
|
| 10 |
It is direct tax |
- A. Excise tax
- B. Sales tax
- C. Income tax
- D. Custom duty
|
