Rate of General Sales Tax (GST) is:
A. Less than 10% B.More than 10% but less than 20% C.More than 20% but less than 30% D.More than 30% but less than 40%
Public Finance
40% of income of federal government is obtained from:
A. Income tax B.Excise tax C.Import tax D.Property tax
Pakistan’s expenditure on defence is:
A. 10% of federal budget B.More than 10% but less than 25% C.More than 25% but less than 35% D.More than 35% but less than 45%
Which is provincial tax in Pakistan:
A. Excise tax B.Sales tax C.Import duty D.Motors token tax
Federal government tax revenue collection includes:
A. Divisible taxes with provinces B.Divisible taxes with district govt. C.Non-tax revenue D.All of the above
Tax is a payment:
A. Compulsory B.Voluntary C.Unnecessary D.Temporary
Which is true?
A. Federal govt. has the right to collect taxes B.Provincial govt. has the right to collect taxes C.Local govt. has the right to collect taxes D.All of the above is true
The main source of revenue of federal government is:
A. Property taxes B.Token tax C.Custom duties D.Sales tax
The most important body to collect taxes in Pakistan is:
A. District govts. B.State Bank C.Ministry of finance D.FBR
The budget estimate prepared by ministry of finance is finally approved by:
A. State Bank B.President C.Senate D.National Assembly