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

NOTE
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