| 1 |
Taxes on commodities are |
- A. Direct taxes
- B. Indirect Taxes
- C. Progressive taxes
- D. Propotional taxes
|
| 2 |
In Pakistan, taxes are leived by |
- A. Prime Minister of Pakistan
- B. President of Pakistan
- C. Federal cabinet of ministers
- D. National Assembly
|
| 3 |
Whom of the followng propounded principles of taxation |
- A. Keynes
- B. Adam Smith
- C. Marshall
- D. Ghazali
|
| 4 |
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
|
| 5 |
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
|
| 6 |
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
|
| 7 |
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
|
| 8 |
In Pakistan Income tax is |
- A. Progressive tax
- B. Regressive tax
- C. Proportional tax
- D. Fixed tax
|
| 9 |
Govt.taxing and spending policies are called. |
- A. Fiscal policy
- B. Public policy
- C. Monetary Policy
- D. Economic policy
|
| 10 |
It is direct tax |
- A. Excise tax
- B. Sales tax
- C. Income tax
- D. Custom duty
|
