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31.

This is NOT a principle of taxation:

A.	Principle of equality	B.	Principle of certainty
C.	Principle of secrecy	D.	Principle of economy

32.

This is principle of taxation

A.	Principle of honesty	B.	Principle of morality
C.	Principle of secrecy	D.	Principle of economy

33.

In Pakistan, the authority to levy taxes lies with:

A.	Prime minister of Pakistan	B.	President of Pakistan
C.	Federal cabinet of ministers	D.	National assembly

34.

This tax is a good 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

35.

Govt. taxing and spending policies are called:

A.	Monetary policy	B.	Fiscal policy
C.	Commercial policy	D.	Finance policy

36.

Govt. budget is balanced when:

A.	Govt. expenditure is kept to the minimum	B.	Govt. income consists of both tax and non-tax income
C.	Government expenditure equals tax revenue	D.	None of the above

37.

Government finance is called:

A.	National finance	B.	Public finance
C.	Official finance	D.	(a) & (b) of above

38.

The government can meet its expenditure:

A.	By taxing people	B.	By printing new money
C.	By borrowing from banks and foreign countries	D.	By all the three methods

39.

It is direct tax:

A.	Property tax	B.	Income tax
C.	Import tax	D.	All are indirect taxes

40.

Mansoor Software Co imported computers and paid import tax. Burden of tax will be on:

A.	Importer	B.	Wholesaler
C.	Last buyer	D.	Retailer