INSPECTOR INLAND REVENUE MCQs | FBR PAST PAPER MCQs

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FBR Past Papers MCQs – Federal Board Of Revenue Past Paper MCQs – FBR MCQs – Federal Board Of Revenue MCQs –

The Federal Board of Revenue (FBR) formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering. FBR operates through Inspectors-IR that keep tax evaders under surveillance, assess taxable incomes and perform special tasks for FBR Headquarters. FBR performs role of collection of taxation in the country from all individuals and businesses.

FBR also collects intelligence on tax evasion and administers tax laws for the Government of Pakistan and acts as the central revenue collection agency of Pakistan.

For Official Site of FBR Please Visit – https://www.fbr.gov.pk/

INSPECTOR INLAND REVENUE MCQs

There are how many sections included in Income Tax Ordinance 2001?

  1. 235
  2. 242
  3. 258
  4. 260

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pakistan fiscal year starts from

  1. 1st September
  2. 1st January
  3. 1st July
  4. 1st June

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Federal excise act come into force on ____

  1. 1st July 2006
  2. 1st July 2005
  3. 1st July 2004
  4. 1st July 2003

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Federal excise rules, took effect from the first day of July, 2005.

  1. 1st July 2006
  2. 1st July 2004
  3. 1st July 2005
  4. 1st July 2003

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Sale tax rules come into force on the ____

  1. 1st July 2006
  2. 1st July 1991
  3. 1st July 1990
  4. 1st July 2001

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The Sales tax Special Procedure Rules, came into force with effect from the ___.

  1. 1st July 2007
  2. 1st July 2008
  3. 1st July 2009
  4. 1st July 2010

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How many sections are there in the Sales Tax Act, 1990?

  1. 100
  2. 175
  3. 75
  4. 125

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How many sections are there in Federal Excise Act ,2005?

  1. 48
  2. 76
  3. 50
  4. 75

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For the purpose of imposition of tax and the computation of total income , all income has been classified under the ___ heads in section 11 of the Income Tax ordinance .

  1. 6
  2. 5
  3. 4
  4. 3

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Salary means any amount received by an employee from any employment , Whether of revenue or capital nature, including

  1. Any pay wage or other remuneration provided to an employee
  2. Any pension or annuity, or any supplement to a pension or annuity
  3. Any perquisite, whether convertible to money or not
  4. All

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Rent means any amount received or receivable by the owner of ___ as consideration for the use or occupy , the land or building

  1. Land or building
  2. Building
  3. Land
  4. House

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Income tax ordinance 2001 was promulgated on ___ 2001.

  1. 13 September
  2. 13 October
  3. 13 June
  4. 13 December

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Sales tax act come into force on __

  1. 1 July 1991
  2. 1 November 1990
  3. 1 July 1990
  4. 1 June 1990

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“Non Profit organization ” means any person other than an individual, which is __

  1. Establish for religious , educational , charitable, welfare and development purposes, or for the promotion of an amateur sport :
  2. formed and registered under any law as a non profit organization
  3. approved by the commissioner for a specified period, on an application made by such person in the prescribed form and manner accompanied by the prescribed documents and on requisition , such other documents as may be required by the commissioner
  4. All

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NCCPL means ___________.

  1. National Clearing Corporation of Pakistan Limited
  2. Nuclear Clearing Company of Pakistan Limited
  3. National Clearing Company of Pakistan Limited
  4. National Customs Company of Pakistan Limited

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Minor child means an individual under the age of ____ years at the end of tax years

  1. 18
  2. 20
  3. 19
  4. 17

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KIBOR is the abbreviation of ___?

  1. Khyber inter Bank Offered Rate
  2. Karachi inter Bank Offered Rate
  3. Kingston inter Bank Offered Rate
  4. Kolkata inter Bank Offered Rate

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The central board of Revenue was created on April 1,1924, by enactment Act of FBR Act 2007 in ___ the central board of Revenue has now become Federal Board of Revenue

  1. May 2007
  2. June 2007
  3. July 2007
  4. August 2007

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How many operational members are in FBR

  1. 5
  2. 4
  3. 3
  4. 2

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How many support members are in FBR?

  1. 5
  2. 4
  3. 3
  4. 2

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How many functional members are in FBR ?

  1. 11
  2. 7
  3. 5
  4. 8

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Who is the executive head of FBR?

  1. Chief Commissioner FBR
  2. Director General FBR
  3. Finance Minister
  4. Chairman FBR

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We measure national income by this method

  1. Expenditure method
  2. Income method
  3. Product method
  4. All

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The most important source of a Government is :

  1. Foreign loans
  2. Taxes
  3. Printing of new money
  4. Sale of Government property

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The largest part of national income is

  1. Consumption
  2. Investment
  3. Transfer payment
  4. Saving

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If you deduct direct tax from personal Income, we get

  1. Net national income
  2. Personal saving
  3. Disposable income
  4. Per capita income

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Name of central excise duty has been changed as federal excise duty on

  1. 1st July, 2003
  2. 1st July, 2005
  3. 1st July, 2007
  4. 1st July, 2008

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Central Excise Act ,1944 was repealed by

  1. The Federal Excise Act, 2002.
  2. The Federal Excise Act, 2004
  3. The Federal Excise Act, 2005
  4. The Federal Excise Act, 2007

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Corporate tax is levied on :

  1. Landlords
  2. Municipal corporation
  3. Joint stock companies
  4. Importers

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There are how many schedules included in income tax ordinance 2001

  1. 9
  2. 6
  3. 7
  4. 8

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There are how many chapters included in Income Tax Ordinance ?

  1. 11
  2. 12
  3. 13
  4. 14

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Which is the provincial tax in Pakistan?

  1. Excise tax
  2. Sales tax
  3. Import duty
  4. Motors token tax

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If the amount shown in the tax invoice or the return needs to be modified the registered person shall issue a :

  1. Debit note
  2. Credit note
  3. Both
  4. None

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