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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)
If a person who is tax-payer can shift the burden of tax to someone else, the tax is called:
[A]
Movable tax
[B]
Indirect tax
[C]
Transfer tax
[D]
Undesirable tax
(2)
The federal budget of Pakistan includes:
[A]
Direct taxes and indirect taxes
[B]
Proportional and progressive taxes
[C]
Simple and difficult taxes
[D]
(a) & (b) of above
Answer: (a) & (b) of above
(3)
To bring equitable distribution of income in the country taxes should be
[A]
Direct
[B]
Indirect
[C]
Proportional
[D]
Progressive
(4)
These are principles of taxation:
[A]
Equality and certainty
[B]
Certainty and morality
[C]
Flexibility and durability
[D]
Durability and rigidity
Answer: Equality and certainty
(5)
It is better way to finance the govt. budget:
[A]
By taxing people
[B]
By printing new money
[C]
By borrowing from banks
[D]
By fining people doing illegal activities
(6)
Income tax in Pakistan is:
[A]
Direct and progressive
[B]
Direct and proportional
[C]
Indirect and progressive
[D]
Indirect and proportional
Answer: Direct and progressive
(7)
In Pakistan, income tax is collected by:
[A]
Local govt
[B]
Provincial govt.
[C]
Federal govt.
[D]
All governments
(8)
Sales tax in Pakistan is:
[A]
Direct and progressive
[B]
Direct and proportional
[C]
Indirect and progressivees
[D]
Indirect and proportional
Answer: Indirect and proportional
(9)
It is easy and convenient to pay:
[A]
Direct tax
[B]
Indirect tax
[C]
Proportional tax
[D]
Progressive tax
(10)
It is difficult to evade:
[A]
Direct tax
[B]
Indirect
[C]
Proportional
[D]
Progressive tax
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