1001. Which tax is not shared between central and provincial governments?
A. Excise tax
B. Sales tax
C. Custom duty
D. Property tax

1002. Which is provincial tax in Pakistan:
A. Excise tax
B. Sales tax
C. Import duty
D. Motors token tax

1003. Tax is a payment:
A. Compulsory
B. Voluntary
C. Unnecessary
D. Temporary

1004. The main source of revenue of federal government is:
A. Property taxes
B. Token tax
C. Custom duties
D. Sales tax

1005. 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

1006. 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

1007. Which of the following measure reveals how much profit a company generates with the money shareholders have invested?
A. Profit Margin
B. Return on Assets
C. Return on Equity
D. Debt-Equity Ratio

NOTE
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PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
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