Professional Documents
Culture Documents
a) 1st September
b) 1st January
c) 1st April
d) 1st July
a) Excise tax
b) Sales Tax
c) Import Duty
a) 11 Chapters
b) 12 Chapters
c) 13 Chapters
d) 14 Chapters
a) 9 Schedules
b) 6 Schedules
c) 7 Schedules
d) 8 Schedules
5. There is how many sections included in Income Tax Ordinance 2001?
a) 235 sections
b) 240 sections
c) 250 sections
d) 260 sections
a) Landlords
b) Municipal corporation
d) Importers
8. Name of Central Excise Duty has been changed as a Federal Excise Duty on
a) 3
b) 4
c) 5
d) 6
b) Personal saving
c) Disposable income
a) Consumption
b) Investment
c) Transfer payments
d) Saving
a) Expenditure Method
b) Income Method
c) Product Method
d) All of above
13. The most important source of a government is:
a) Foreign loans
b) Taxes
b) President of Pakistan
d) National Assembly
a) National Finance
b) Public finance
c) Private finance
d) Both a and b
c) Cannot be evaded
a) National Assembly
b) President of Pakistan
c) Ministry of Finance
a) Increase
b) Decrease
c) Do not change
a) Direct taxes
b) Indirect taxes
c) Progressive taxes
d) Proportional tax
a) Weekly
b) Monthly
c) Annually
d) Quarterly
21. It is direct tax:
a) Excise tax
b) Sale tax
c) Income tax
d) Custom duty
22. Which tax is not shared between central and provincial governments?
a) Excise tax
b) Sales tax
c) Custom duty
d) Property tax
a) Excise tax
b) Sales tax
c) Import duty
24. The budget estimate prepared by ministry of finance is finally approved by:
a) State Bank
b) President
c) Senate
d) National Assembly
c) Cannot be evaded
29. Special procedure under the title of Sales Ta special procedure (Withholding Tax) Rules 2007 was
introduced on:
a) 20th June 2007
a) Keynes
b) Marshall
c) Adam Smith
d) Al Ghaali
31. There is how many schedules included in the Sales Tax Act, 1990?
a) 9 schedules
b) 6 schedules
c) 7 schedules
d) 8 schedules
32. There is how many sections included in the Sales Tax Act. 1990?
a) 75 Sections
b) 80 sections
c) 85 sections
d) 95 sections
33. Which section of sales tax act, 1990 deals with Special Audit by Chartered Accountants or Cost
Accountants?
a) 29
b) 30
c) 31
d) 32-A
34. Which Section of the Sales Tax Act, 1990 deals with offences and penalities?
a) 33
b) 34
c) 35
d) 36
35. No person other than a ________ shall make any deduction or reclaim input tax in respect of taxable
supplies made or to be made by him.
a) Unregistered person
b) Registered person
c) Association
d) None of these
a) Local govt.
b) Provincial govt.
c) Federal govt.
d) All governments
a) Direct tax
b) Indirect tax
c) Proportional tax
d) Progressive tax
a) Direct tax
b) Indirect
c) Proportional
d) Progressive tax
40. Which tax is not shared between central and provincial governments?
a) Excise tax
b) Sales tax
c) Custom duty
d) Property tax
a) Excise tax
b) Sales tax
c) Import duty
d) Motors token tax
a) Increased choice
c) More competition
d) More trade
b) Equal to GNP
a) 1st September
b) 1st January
c) 1st April
d) 1st July
45. As per law each registered person must file a return by the _________ of each month regarding the
sales made in last month.
a) 10th
b) 15th
c) 20th
d) 25th
46. There are ___ director generals in FBR?
a) 6
b) 7
c) 9
d) 10
47. There are ___ large taxpayer units for inland revenue collection
a) 2
b) 5
c) 3
d) 6
48. Fiscal laws means a general reference to the laws relating to:
a) Budget matters
b) Finance matters
c) Tax matters
d) None of these
a) Prime Minister
b) President
c) Finance minister
d) Commerce minister
50. System of eTax in Pakistan was introduced in?
a) 2007
b) 2008
c) 2009
d) 2010
Answers1d 2d 3c 4d 5b 6c 7c 8b 9a 10c 11a 12d 13b 14d 15b 16d 17c 18b 19b 20c 21c 22d
23d 24d 25c 26a 27b 28d 29c 30c 31a 32a 33d 34a 35b 36c 37d 38b 39a 40d 41d 42b 43c 44d
45b 46b 47c 48b 49c 50b ....