31. __________ Tax is also called as Marginal tax?
a. Regressive tax
b. Proportional tax
c. Progressive tax
d. Both a and b
32. ____ type of tax which is levied with larger percentage on the low income people?
a. Progressive
b. Regressive
c. Proportional
d. AOT
33. Sales tax is the example of ____________?
a. Proportional tax
b. Indirect tax
c. Progressive tax
d. Both a and b
34. What is the meaning of deficit financing?
a. Borrowing loan from public
b. Borrowing loan from foreign
c. Printing new currency
d. NOT
35. There are ____ main theories of taxation?
a. 2
b. 3
c. 4
d. NOT
36. Motor token tax is ________?
a. Federal
b. Provincial
c. Both a and b
d. NOT
37. Distribution of resources among provinces are done through?
a. National community fare
b. National finance commission
c. National final consumption
d. AOT
38. ________ are the principles of taxation?
a. Certainty
b. Equality
c. Secrecy
d. Both a and b
39. The main source of income of the government is _______?
a. Public debt
b. Foreign debt
c. Printing new currency
d. Taxes
40. ______ the type of tax which is levied on commodities?
a. Direct tax
b. Indirect
c. Progressive tax
d. NOT