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51.

Zakat is not due on the gold owned by a person who has less than:

A.	60 tolas	B.	30 tolas
C.	15 tolas	D.	7.5 tolas

52.

Zakat can be spent for this purpose:

A.	Payment of fee of a poor child	B.	Performing Hajj
C.	Help poor parents	D.	All of the above

53.

It is a source of revenue for the Local overnment bodies:

A.	Corporation tax	B.	Value added tax
C.	Excise tax	D.	Property tax

54.

Federal government transfers to provinces as their share in tax collection:

A.	Less than 40%	B.	More than 40% but less than 60%
C.	More than 60%	D.	More than 90%

55.

Which tax is not shared between central and provincial governments?

A.	Excise tax	B.	Sales tax
C.	Custom duty	D.	Property tax

56.

Which is provincial tax in Pakistan:

A.	Excise tax	B.	Sales tax
C.	Import duty	D.	Motors token tax

57.

Tax is a payment:

A.	Compulsory	B.	Voluntary
C.	Unnecessary	D.	Temporary

58.

The main source of revenue of federal government is:

A.	Property taxes	B.	Token tax
C.	Custom duties	D.	Sales tax

59.

In Pakistan government budget is prepared by:

A.	National assembly	B.	President of Pakistan
C.	Ministry of Finance	D.	State Bank of Pakistan

60.

In Pakistan Income tax is:

A.	Progressive tax	B.	Proportional
C.	Direct	D.	(a) and (c) of above