Objective Type Questions on Public Finance

Questions

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

View Answer

Answer: 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

View Answer

Answer: Payment of fee of a poor child

Article and Schedule Quiz	Start Test!

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

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

View Answer

Answer: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%

View Answer

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

View Answer

Answer:Property taxs

6 Which is provincial tax in Pakistan:

A Excise tax

B Sales tax

C Import duty

D Motors token tax

View Answer

Answer: Motors token tax

7 Tax is a payment:

A Compulsory

B Voluntary

C Unnecessary

D Temporary

View Answer

Answer: Compulsory

8 The main source of revenue of federal government is:

A Property taxes

B Token tax

C Custom duties

D Sales tax

View Answer

Answer: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

View Answer

Answer:Ministry of Finance

10 In Pakistan Income tax is:

A Progressive tax

B Proportional

C Direct

D (a) and (c) of above

View Answer

Answer:(a) and (c) of above

ADRE 2.0 FULL LENGTH MOCK TEST

Take Mock Tests

Missiles Mock Test	Start Test!
SSC MTS Mock Test	Start Test
IBPS CLERK MOCK TEST	Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH)	Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi)	Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH)	Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH)	Start Test!
IB Security Assistant Mock test 1 (english)	Start Test!
UP POLICE CONSTABLE MOCK TEST 1	Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI)	Start Test!