Public Finance Questions and Answers | Public Finance MCQs

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Questions
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

Answer: Indirect 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
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3 To bring equitable distribution of income in the country taxes should be
A Direct
B Indirect
C Proportional
D Progressive

Answer: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

Answer:By taxing people
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

Answer: Federal govt.
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

Answer:Indirect tax
10 It is difficult to evade:
A Direct tax
B Indirect
C Proportional
D Progressive tax

Answer:Direct tax

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