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Free download in PDF Public Finance Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, NDA, SSC etc. These short solved questions or quizzes are provided by Gkseries./p>
(1)
Zakat is not due on the gold owned by a person who has less than:
[A]
60 tolas
[B]
30 tolas
[C]
15 tolas
[D]
7.5 tolas
(2)
Zakat can be spent for this purpose:
[A]
Payment of fee of a poor child
[B]
Performing Hajj
[C]
Help poor parents
[D]
All of the above
Answer: Payment of fee of a poor child
(3)
It is a source of revenue for the Local overnment bodies:
[A]
Corporation tax
[B]
Value added tax
[C]
Excise tax
[D]
Property tax
(4)
Federal government transfers to provinces as their share in tax collection:
[A]
Less than 40%
[B]
More than 40% but less than 60%
[C]
More than 60%
[D]
More than 90%
Answer: More than 40% but less than 60%
(5)
Which tax is not shared between central and provincial governments?
[A]
Excise tax
[B]
Sales tax
[C]
Custom duty
[D]
Property taxs
(6)
Which is provincial tax in Pakistan:
[A]
Excise tax
[B]
Sales tax
[C]
Import duty
[D]
Motors token tax
(7)
Tax is a payment:
[A]
Compulsory
[B]
Voluntary
[C]
Unnecessary
[D]
Temporary
(8)
The main source of revenue of federal government is:
[A]
Property taxes
[B]
Token tax
[C]
Custom duties
[D]
Sales tax
(9)
In Pakistan government budget is prepared by:
[A]
National assembly
[B]
President of Pakistan
[C]
Ministry of Finance
[D]
State Bank of Pakistan
Answer: Ministry of Finance
(10)
In Pakistan Income tax is:
[A]
Progressive tax
[B]
Proportional
[C]
Direct
[D]
(a) and (c) of above
Answer: (a) and (c) of above
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