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%
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
According to total amount collected the taxes fall in this order:
A. Custom, excise, sales B.Sales, custom, excise C.Custom, sales, excise D.Excise, sales, custom
Federal govt. budget estimate for 2010-11 is:
A. 2800 million B.2800 billion C.2800 trillion D.Bigger than 2800 trillion
Which is true about amount of taxes collected in Pakistan:
A. Direct taxes are more than indirect taxes B.Indirect taxes are more than direct taxes C.Provincial taxes are more than federal D.Provincial govts. Share taxes with federal govt.
Government of Pakistan can increase its resources by:
A. Taxing people B.Printing new notes C.Borrowing D.All the three