Inspector Inland Revenue 21-02-2022 FPSC Paper : FBR Inspector Inland Revenue : Part - 01

Описание: Inspector Inland Revenue 21-02-2022 FPSC Paper : FBR Inspector Inland Revenue : Part - 01
37. The Federal Consolidated Fund constitutes:
A. Federal Government Revenues
B. Federal Government expenditures
C. Federal Government reserves
D. None of these

38. The Divisible Pool consists of all major taxes of the Federal Government except.
A. Income tax and Federal Excise Duty
B. Custom duty and regulatory duty
C. Cess and levies
D. None of these

39. The President constitutes the Nation Finance Commission NFC after
A. Every two years
B. Every three years
C. Every five years
D. None of these

40. The role of the State Bank of Pakistan is to ensure all of the following except.
A. Reserves
B. Open market operations
C. Levying taxes
D. None of these

41. Fiscal Policy addresses
A. Taxation
B. Government spending
C. Both A and B
D. None of these

42. ________ is the rate at which the price of goods and services increase.
A. Inflation
B. Consumerism
C. Captalism
D. None of these

43. Per capital income of Pakistan in 2020 was
A. $1194 Approx
B. $1025 Approx
C. $995 Approx
D. None of these

44. What is Capital Account
A. The sum of a contry’s savings
B. The sum total of total expenditure
C. Both A and B
D. None of these

45. In economic terms, a ‘bull’ is
A. The opposite of bear
B. An investor who expects the prices of a security to rise
C. Both A and B
D. None of these

46. The long run pattern of economic growth and recession is called.
A. A business cycle
B. An annual budget
C. A project cycle
D. None of these


47. A budget deficit occurs.
A. When earning is less than expenditure
B. When loans are less than grants
C. When earning is less than the debt servicing
D. None of these

48. When the value of currency apprciates it means that.
A. Cost of international trade has increased
B. Cost of international trade has decreased
C. Lesser goods can be purchased from the international market
D. None of these

49. Which of the following is an example of Direct taxation
A. Levying taxes on salaries
B. Levying taxes on purchases
C. Levying taxes on supplies
D. None of these

50. Assets-Liabilities = ?
A. Debt
B. Profit
C. Equity
D. None of these

Tax Administration / Reforms in Pakistan

51. Domestic revenue mobilization is key to realizing sustainable development and providing the fiscal space to fund.
A. Trade deficit
B. Current account deficit
C. Public expenditures
D. None of these

52. Pakistan’s tax revenues heavily rely on.
A. Federal taxes
B. Provincial taxes
C. Local bodies taxes
D. None of these

53. FBR’s tax expenditure was at ____ of the GDP in FY 17-18
A. 2%
B. 5%
C. 7%
D. None of these

54. According to Doing Business Report 2018, it takes about ___ hours to make 47 annual tax payment.
A. 211
B. 311
C. 411
D. None of these

55. A tax system usually comprises
A. Tax policy and audit
B. Tax reforms and automation
C. Tax policy and revenue administration
D. None of these

56. Progressive taxation means
A. The more you earn, the higher is the rate of tax
B. The more you earn, the lesser is the rate of tax
C. The rate of tax remains constant
D. None of these

57. Which one of these is not levied on property.
A. Property tax
B. Widholding tax
C. Federal excise duty
D. None of these

58. As on 28-02-2021, income tax returns for tax year 2020 reached 2.8 million compared to.
A. 2.4 million last year
B. 2.5 million last year
C. 2.6 million last year
D. None of these

59. IRIS-LMS is a software of FBR:
A. For litigation management and reporting
B. For audit management and reporting
C. For enforcement management and reporting
D. None of these

60. For verification of ATL status under income Tax Ordinance 2001, SMS your CNIC on
A. 9955
B. 9966
C. 9977
D. None of these

61. In compliance with directions of the ___, chairman FBR holds regular e-Kachehri at FBR HQ.
A. Prime Minister
B. President
C. Finance Minister
D. None of these

62. Under Pakistan Single Window PSW project, more than ___ different departments would converge on one platform for facilitation of the business community.
A. 10
B. 30
C. 70
D. None of these

63. Harmonization of sales tax between federation and federating units is making headway under the numbrella of.
A. National Tax Commission
B. National Tax Committee
C. National Tax Council
D. None of these
64. The total collection of FBR during Financial Year 17-18 was
A. 3644 Billion
B. 3744 billion
C. 3844 billion
D. None of these

65. The total collection of FBR during Financial Year 18-19 was
A. 3629 billion
B. 3729 billion
C. 3829 billion
D. None of these

Functions of FBR MCQs with Answer,
Inspector Inland Revenue,
Inspector Inland Revenue Syllabus,
Inspector Inland Revenue FPSC Syllabus,
Inspector Inland Revenue paper Pattern,
Inspector Inland Revenue Test Criteria,
Inspector Inland Revenue Test Preparation Materials,
Inspector FBR Past Paper,
FPSC Past Papers,
Inland Inspector Past Papers,
Inspector Inland,
Functions of FBR,
NTS TEST MASTER,