1181. 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 *

1182. Zakat can be spent for this purpose :

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

1183. It is a source of revenue for the local government bodies :

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

1184. 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%

1185. Which tax is not shared between central and provincial governments ?

A. Excise tax
B. Sale tax
C. Custom duty
D. Property tax *

1186. Which is provincial tax in pakistan :

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

1187. Tax is a payment :

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

1188. The main source of revenue of federal government is :

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

1189. In pakistan government budget is prepared by :

A. National assembly
B. President of pakistan
C. Ministry of finance *
D. State bank of pakistan

1190. In pakistan income tax is :

A. Progressive tax
B. Proportional
C. Direct
D. Both A and C *