951. A direct tax is that which:
A. Is heavy burden on the tax payers
B. Can be directly deposited in the banks
C. Can not be evaded
D. Is paid by the person on whom it is levied
952 In Pakistan government budget is prepared by:
A. National Assembly
B. President of Pakistan
C. Ministry of Finance
D. State Bank of Pakistan
953. Taxes are levied to:
A. Penalise people
B. Provide direct benefits to tax payers
C. Provide general benefits for the people
D. To accumulate funds
954. Whom of the following propounded principles of taxation:
A. Keynes
B. Marshall
C. Adam Smith
D. Al Ghazali
955. Taxes on commodities are:
A. Direct taxes
B. Indirect taxes
C. Progressive taxes
D. Proportional taxes
956. Govt. prepares its budget:
A. Weekly
B. Monthly
C. Quarterly
D. Annually
957. One of the following is NOT a feature of private finance:
A. Balancing of income and expenditure
B. Secrecy
C. Saving some part of income
D. Publicity
958. It is direct tax:
A. Excise tax
B. Sales tax
C. Income tax
D. Custom duty
959. These are heads of expenditure of the government EXCEPT?
A. Provide social services
B. Defence
C. Improve transport and communication
D. Provide cosmetics
960. The most important source of income of a government is:
A. Foreign loans
B. Taxes
C. Printing of new money
D. Sale of government property