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

1008. What is the public finance ?

A. It is the study of the role of the government in the agriculture
B. It is the study of the role of the government in the public affairs
C. It is the study of the role of the government in the trade
D. It is the study of the role of the government in the economy *

1009. Finance is concerned with :

A. Arrangement of funds
B. Identification of sources of funds
C. Recording utilisation of funds
D. All of the above *

1010. Current ratio is the ratio of :

A. Current assets to current liabilities *
B. Current liabilities to current asets
C. Fixed assets to total liabilities
D. Current assets to total liabilities