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CSS :: Public Finance


11.  These are principles of taxation:
A. Principle of equality B. Principle of certainty
C. Principle of secrecy D. Both (a) & (b)

12.  In Pakistan, taxes are levied by:
A. Prime minister of Pakistan B. President of Pakistan
C. Federal cabinet of ministers D. National assembly

13.  Which of the following tax is best example of ability to pay principle of taxes:
A. Excise tax on cigarettes B. Highway toll tax
C. Proportional sales tax D. Personal income tax

14.  Govt. taxing and spending policies are called:
A. Monetary policy B. Fiscal policy
C. Commercial policy D. Finance policy

15.  Govt. budget is balanced when:
A. Govt. expenditure outstrips tax receipts B. Govt. tax receipts outstrips expenditure
C. Government expenditure equals tax revenue D. None of the above

16.  Government finance is called:
A. National finance B. Public finance
C. Private finance D. (a) and (b) of above

17.  How the government can meet its expenditure:
A. By taxing people B. By borrowing from banks and other governments
C. By printing new money D. By all the three methods

18.  The government can collect funds from:
A. Taxes B. Fees
C. Prices of public goods D. All the three

19.  A direct tax is that which:
A. Is heavy burden on the tax payers B. Can be directly deposited in the banks
C. Can not be evaded D. Is paid by the person on whom it is levied

20.  In Pakistan government budget is prepared by:
A. National Assembly B. President of Pakistan
C. Ministry of Finance D. State Bank of Pakistan




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