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| 41. |
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: Option B
Explanation:
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| 42. |
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: Option D
Explanation:
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| 43. |
To bring equitable distribution of income in the country taxes should be |
| A. |
Direct |
B. |
Indirect |
| C. |
Proportional |
D. |
Progressive |
Answer: Option D
Explanation:
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| 44. |
These are principles of taxation: |
| A. |
Equality and certainty |
B. |
Certainty and morality |
| C. |
Flexibility and durability |
D. |
Durability and rigidity |
Answer: Option A
Explanation:
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| 45. |
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: Option A
Explanation:
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| 46. |
Income tax in Pakistan is: |
| A. |
Direct and progressive |
B. |
Direct and proportional |
| C. |
Indirect and progressive |
D. |
Indirect and proportional |
Answer: Option A
Explanation:
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| 47. |
In Pakistan, income tax is collected by: |
| A. |
Local govt. |
B. |
Provincial govt. |
| C. |
Federal govt. |
D. |
All governments |
Answer: Option C
Explanation:
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| 48. |
Sales tax in Pakistan is: |
| A. |
Direct and progressive |
B. |
Direct and proportional |
| C. |
Indirect and progressive |
D. |
Indirect and proportional |
Answer: Option D
Explanation:
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| 49. |
It is easy and convenient to pay: |
| A. |
Direct tax |
B. |
Indirect tax |
| C. |
Proportional tax |
D. |
Progressive tax |
Answer: Option B
Explanation:
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| 50. |
It is difficult to evade: |
| A. |
Direct tax |
B. |
Indirect |
| C. |
Proportional |
D. |
Progressive tax |
Answer: Option A
Explanation:
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