NAME: _______________________ Marks:

100
FBR TEST 04.11.2021
1. As per Federal Excise Act 2005 adjudicating authority does not include ________.
A. Commissioner Inland Revenue B. Commissioner (Appeals)
C. Board/ Appellate Tribunal D. Officer Inland Revenue
2. Appellate Tribunal Inland Revenue is established under section _________ of ITO, 2001.
A. 129 B. 130
C. 131 D. 132
3. KIBOR means KIBOR prevalent on _________ day of each of financial year.
A. 1st B. 15th
C. 30th D. 10th
4. Non-tariff area includes ________.
A. Azad Jammu and Kashmir B. Northern areas
C. Areas to which Federal Excise Act 2005 does not apply
D. All of these
5. Due date for Federal Excise duty is _________ day of following month
A. First B. 15th
C. 30th D. None of these
6. Default surcharge is levied Under Section ________.
A. 19 B. 09
C. 29 D. 8
7. Distributor is appointed by ________ for specific area to purchase goods from him.
A. Wholesale Dealer B. Agent
C. Manufacturer D. All of these
8. Any sale or purchase can be made by ________ from one person to another.
A. Consideration B. Cash
C. Deferred payment D. All of these
9. Duties under The Federal Excise Act, 2005 are levied at ________ percentexcept the rates
are specified for levy of duty under the ________ of TheFederal Excise Act, 2005.
A. 16, 1st schedule B. 17, 2nd schedule
C. 15, 1st schedule D. 10, 3rd schedule
10. The ________ may levy and collect duty on any class or classes of goods or services by notification
in official gazette.
A. Provincial Govt. B. Federal Govt.
C. Both A and B D. Autonomous body
11. “Sales tax” is defined under section ________ of Sales Tax Act 1990,.
A. 2(29) B. 2(28)
C. 2(29A) D. 2(29AA)
12. Sales Tax means any sum which is payable under the provisions of Sales Tax Act or ________.
A. Fine, Penalty or fee imposed or charged under Sales Tax Act
B. The Tax, additional Tax or default surcharge levied under Sales Tax Act
C. Both A and B D. None of these
13. Cottage industry" means a manufacturer whose annual turnover from taxable supplies made in any tax
period during any last twelve months ending any tax period does not exceed ________.
A. Rs. 10,000,000 B. Rs. 6,000,000
C. Rs. 1,000,000 D. Rs. 100,000
14. A Document which is required to be issued under section 23 of Sales Tax Act, 1990 is
called__________.
A. Tax certificate B. Tax invoice C. Unit trust D. None of these
15. According to Section 2(5AA) a company can be any of following except ________.
A. A company defined in the Companies Ordinance, 1984
B. A body corporate formed by or under any law in force in Pakistan
C. A joint-venture of two companies D. All of these
16. Retail price with reference to the ________ Schedule, means the price fixed by the manufacturer,
inclusive of all duties, charges and taxes.
A. Second B. Third
C. Fourth D. Fifth
17. ________ means the series of transaction between buyers and sellers from the stage of first purchase
or import to the stage of final supply.
A. Supply B. Supply Chain
C. Taxable Supply D. All of these
18. According to section 3(3) of Sales Tax Act 1990, the liability of tax shall be on ________.
A. Importer in case of goods imported into Pakistan
B. Manufacturer in case of supply of goods
C. Both A and B D. None of these
19. Procedure of collection of excess sales tax is provided under section ________ of Sales Tax Act.
A. 4 B. 3B
C. 3 D. 4B
20. Goods exported out of Pakistan are charged to sales tax at the rate of __________.
A. 2% B. 12%
C. 14% D. 0%
21. Where notice is required to be served on such association of persons which has been dissolved then
notice may be served on any person who was ________ immediately before such dissolution.
A. Principal Officer B. Member of association
C. Both A and B D. None of these
22. Any notice required to be served on a resident individual shall be treated as properly served on
individual if ________.
A. Personal served on individual
B. Sent by registered post to individual’s usual address in Pakistan
C. Sent electronically through email D. All of these
23. When a registered person wishes to deposit the amount of FED not paid along with default surcharge
voluntarily before the commencement of audit ________ shall be recovered from him.
A. Penalty B. No penalty
C. Fine D. KIBOR
24. Section ________ of FEA, 2005 deals with audit.
A. 14 B. 35
C. 45 D. 46
25. Section ________ of FEA, 2005 deals with licensing of brand name.
A. 45 B. 45A
C. 45AA D. 46
26. Section ________ of FEA, 2005 deals with delayed refund.
A. 44 B. 44A
C. 44B D. 45
27. ________ may select the person or classes of persons for audit under section 42B of FEA, 2005.
A. Board B. Federal Govt.
C. Federal Minister D. All of these
28. ________shall not lie against Federal Govt. or against any Officer of Government in respect of any
order passed in good faith.
A. Suit B. Prosecution
C. Any legal proceeding D. All of these
29. ________ may make rules to carry into effect the purposes of provisions of FEA, 2005.
A. Board B. Federal Govt.
C. Federal Minister D. All of these
30. It is the duty of ________ to communicate the order of dissolution of alternative dispute resolution
committee to court of law or appellate authority.
A. Board B. Federal Govt. C. Both A and B D. An aggrieved person
31. If the alternative dispute resolution committee does not decide matter within 120 days, Board shall
________.
A. Extend the time B. Dissolve the committee
C. Notify to Federal Govt. D. None of these
32. Section ________ of FEA, 2005 deals with the power to rectify mistakes in orders.
A. 35 B. 36
C. 37 D. 38
33. Suo-moto can be taken by ________ for examination of records of any proceedings under FEA, 2005.
A. The board B. Commissioner
C. Both A and B D. Federal Govt.
34. Section ________ of FEA, 2005 deals with the power of Board or Commissioner to pass certain
order.
A. 33 B. 32
C. 31 D. 35
35. Section ________ of Limitation Act, 1908 shall apply to an application made to the High Court under
section 34A of FEA, 2005.
A. 4 B. 6
C. 7 D. 5
36. The recovery of tax can be stayed by High Court under section 34A of FEA, 2005 for a maximum
period of ________.
A. 30 days B. 3 months
C. 6 months D. 120 days
37. An application to High Court under section 34A of FEA, 2005 can be preferred against the order of
________.
A. Commissioner (Appeals) B. Board
C. Appellate tribunal D. Chief Commissioner
38. Reference to the High Court shall be heard by a bench of not less then ________ Judges of High
Court.
A. 5 B. 2
C. 7 D. 3
39. Reference to high Court may be filed within ________ days.
A. 30 B. 90
C. 60 D. 120
40. Section ________ of FEA, 2005 deals with reference to High Court.
A. 33 B. 34
C. 34A D. 35
41. According to Section 72B, Selection for audit can be done by the ________.
A. Member Accounting B. Member Operations
C. Chief Commissioner D. Board
42. Section 67 of Sales Tax Act, 1990 deals with ________.
A. Refund B. Delayed refund
C. Both A and B D. Exemption of tax
43. Procedure of repayment of tax to persons registered in Azad Jammu and Kashmir has been provided
under section _______ of Sales Tax Act, 1990.
A. 61 B. 61A
C. 62 D. 64
44. Section 57 of Sales Tax Act, 1990 deals with ________.
A. Disclosure of information B. Rectification of mistake
C. Both A and B D. Removal of difficulties
45. The Federal Govt. may enter into bilateral or multilateral agreements with _______ or exchange of
information under section 56-A of Sales Tax Act.
A. Provincial Govt. B. Governments of Foreign countries
C. Both A and B D. Companies
46. According to Section 54, if a registered person is declared Bankrupt, the tax liability under this Act
shall pass on to the ________ if it continues to operate the business.
A. Estate in dispute B. Estate in bankruptcy
C. Estate in crisis D. Estate in pledge
47. A registered person may authorize an ________ to file return electronically under section 52-A of
Sales Tax Act.
A. Expert B. Intermeddler
C. E-intermediaries D. None of these
48. Every person is liquidator who is ________ under section 49-A of Sales Tax Act.
A. A trustee of Bankrupt B. Mortgagee in possession
C. A receiver appointed by Court or appointed out of court
D. All of these
49. If the tax payable by such registered person remains unpaid, the amount of unpaid tax shall be the first
charge on the assets of the business and shall be payable by the ________ of business.
A. Owner B. Director
C. Transferee D. None of these
50. An appeal preferred after expiry of 30m days may be admitted by the ________, if he is satisfied that
appellant has sufficient cause.
A. Chief Commissioner Inland Revenue B. Commissioner Inland Revenue (Appeals)
C. Both A and B D. Federal Govt.
51. An officer of Inland Revenue may search any required place after obtaining a warrant from the
________ under section 40 of Sales Tax Act.
A. FBR B. Special Judge
C. Commissioner D. Magistrate
52. According to Section 37E, no court other than the ________ having jurisdiction, shall try an offence
punishable under this Act.
A. Session Court B. Special Judge
C. High Court D. Civil Court
53. Power to arrest in prosecute has been described under section ________ of Sales Tax Act.
A. 34 B. 34A
C. 35 D. 37A
54. According to Section 34, default surcharge is applicable on ________.
A. Non-Filer B. Un-registered person
C. Both A and B D. Registered person
55. The Board may impose some limitations on exercise of power by officer of Inland revenue under
section ________ of Sales Tax Act.
A. 33 B. 31
C. 34 D. 36
56. Section 28 of Sales Tax Act, 1990 deals with ________.
A. Drawing of samples B. Return
C. Special Return D. Final Return
57. A ________ is paid in lieu of monthly sales tax return or retail tax return.
A. Special return B. Detail of output tax
C. Declaration of sales tax D. Statement of sales
58. According to Section 26(1), the Board may, by notification in the official Gazette, require any person
or class of persons to submit return on ________ basis.
A. Monthly B. Yearly
C. Bimonthly D. Quarterly
59. According to Section 13(1), supply of goods or import of goods specified in the ________ schedule
shall be exempted from Sales Tax.
A. 9th B. 4th
th
C. 6 D. 2nd
60. Section 4 of Sales Tax Act deals with ________.
A. Zero rating B. Scope of Tax
C. Both A and B D. None of these
61. In case of a defaulter is a salaried taxpayer, the commissioner can ask the employer some specific
payment as an installment ________ to recover the tax due.
A. Each month B. Every 3 months C. Every 6 months D. Every year
62. For the purposes of recovery of tax, the commissioner shall have the same powers as a ________ has
under the code of civil procedure, 1908 (Act V of 1908_, for the purposes of the recovery of any amount
due under a decree.
A. High court B. Supreme Court
C. Civil court D. None of these
63. If a company has tax payable and it is liquated and tax still remain outstanding, the amount of tax will
be recovered from ________.
A. A shareholder of the company holds at least 10 % shares
B. Director of the company other than employed director
C. Both A and B D. None of these
64. ________ can grant the taxpayer an extension of time for payment of due tax or pay tax in
installments.
A. Additional Commission B. Commissioner
C. Inspector Inland Revenue D. Assistant Commissioner
65. A person shall be entitled to tax credit in respect of any sum paid or any property given by a person in
donation to ________.
A. Any hospital or relief fund established or run in Pakistan, by Federal, Provincial, or Local government
B. Any board of education or any university in Pakistan under federal or provincial law
C. Any non-profit organization D. All of these
66. As per section 60B Workers participation fund under Workers participation fund act 1968 is
________.
A. Rebate B. Refund
C. Deduction D. Deductible allowance
67. Loss incurred from speculation and non-speculation business can be carried forward in the
immediately succeeding ________ tax years.
A. 6 B. 5
C. 8 D. 10
68. Losses of inherited business can be set off and carried forward by any tax payer excluding ________.
A. Minor B. Deceased person
C. Salaried person D. All of these
69. Set off can be claimed by public companies which are operating hotels in ________.
A. Gilgit Baltistan B. Azad Jammu and Kashmir
C. Pakistan D. All of these
70. ________ provided in the second schedule of ITO, 2001 have been granted legal cover under section
53 of ITO, 2001.
A. Exemptions B. Tax concessions
C. Both A and B D. None of these
71. Where a citizen of Pakistan leaves Pakistan during a tax year and remains abroad during that tax year
and any salary earned by him outside Pakistan shall be________.
A. Taxable in Pakistan B. Exempted from tax in Pakistan
C. Taxable at reduced rate D. None of these
72. Agricultural income includes ________.
A. Rent or revenue derived from land used for agricultural purposes
B. Income derived from cultivation
C. Both A and B D. None of these
73. If a person has obtained immovable property from gift, for the purpose of capital gain the cost of
property shall be ________.
A. Zero
B. Capital gain shall not be not be applied on the said property
C. Fair market value of property D. None of these
74. As per section 37A security means ________.
A. Modaraba certificate B. Share of a public company
C. Instrument of redeemable capital D. All of these
75. Computation of capital gain is described under section ________ of ITO, 2001.
A. 37(2) B. 35(2)
C. 38(2) D. 39(2)
76. A person deriving income from property is required to maintain ________ documents.
A. Rent deed B. Tenancy termination agreement
C. Receipt of rent D. All of these
77. Section ________ of the ITO, 2001 allows pre-commencement expense
A. 24 B. 25
C. 26 D. 27
78. Amortization in any case cannot be ________ to / from total cost of intangible.
A. Equal B. Less
C. Higher D. None of these
79. Fair Market Value is determined in relation to ________.
A. Property B. Services
C. Perquisites D. All of these
80. Section ________ of the Federal Board of Revenue Act, 2007 deals with validity of proceedings.
A. 14 B. 12
C. 6 D. 9
81. Section ________ of the Federal Board of Revenue Act, 2007 deals with direction from Federal
Govt.
A. 9 B. 10
C. 11 D. 12
82. Section ________ of Federal Board of Revenue Act, 2007 deals with Annual Report.
A. 9 B. Section 11
C. 10 D. Section 12
83. Section ________ of the Federal Board of Revenue Act, 2007 deals with budget and accounts of the
Board?
A. 7 B. 9
C. 11 D. 13
84. Section ________ of the Federal Board of Revenue Act, 2007 deals with indemnity.
A. 9 B. 11
C. 10 D. 13
85. With a view to apply the modern taxation techniques to improve the tax to G.D.P ratio, the Inland
Revenue Wing of the FBR was created, combining the ________ domestic taxes.
A. Income Tax B. Sales Tax
C. Federal Excise Duty D. All of these
86. Taxation according to a person's ability to pay is universally accepted principle, and income is
considered satisfactory though not a sufficient index of such ability to pay is known as ________.
A. Income Tax B. Sales Tax
C. Federal Excise Duty D. None of these
87. ________ members of FBR are directly responsible for tax collection
A. Operational B. Support
C. Functional D. None of these
88. The operational members of FBR are divided into Customs and ________.
A. Senior Revenue members B. Central Revenue members
C. Inland Revenue members D. None of these
89. ________ is the head of each Large Taxpayer unit for Inland Revenue Collection________.
A. Functional members B. Operational members
C. Chairman FBR D. Chief Commissioner
90. A budget where Government total revenues exceed its expenditures than it is called ________.
A. Surplus budget B. Balanced budget
C. Deficit budget D. None of these
91. National Income is measured by ________ methods.
A. Expenditure method B. Income method
C. Product method D. All of these
92. De-valuation means ________.
A. Change in the currency of country B. Decrease in value of Gold
C. Decrease in value of money in terms of foreign currency D. None of these
93. A direct tax is that which is________.
A. Heavy burden on the taxpayers B. Directly deposited in the banks
C. Paid by the person on whom it is levied D. None of these
94. System of e-tax in Pakistan was introduced in ________ year.
A. 2007 B. 2010
C. 2009 D. 2008
95. The Government of Pakistan introduced a Task Force on reforming the Tax Administration in
________.
A. July 2001 B. June 2001
C. March 2005 D. June 2000
96. The Task Force on Reforming the Tax Administration presented its report in ________.
A. June 2007 B. April 2005
C. May 2001 D. May 2005
97. TFCs stands for ________.
A. Taxpayers Facilitation Collectorates B. Taxpayers Facilitation Centers
C. Tax Department Facilitation Centers D. Tax Facilitation Centers
98. The report of Task Force on Reforming the Tax Administration was shared with stakeholders like as
________.
A. Tax bar associations B. Accounting institutes
C. Trade bodies and donor agencies D. All of these
99. TARP stands for ________.
A. Taxpayer administration Research Programme
B. Taxpayer assessment reform programme
C. Tax Administration reforms programme
D. Tax audit reform programme
100. Government taxing and spending policy is called ________.
A. Monetary policy B. Commercial policy
C. Fiscal policy D. Finance policy