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 *