Inspector Inland Revenue 21-02-2022 FPSC Paper : FBR Inspector Inland Revenue : Part - 05

37. The Federal Consolidated Fund constitutes:
38. The Divisible Pool consists of all major taxes of the Federal Government except.
39. The President constitutes the Nation Finance Commission NFC after
40. The role of the State Bank of Pakistan is to ensure all of the following except.
41. Fiscal Policy addresses
42. ________ is the rate at which the price of goods and services increase.
43. Per capital income of Pakistan in 2020 was
44. What is Capital Account
45. In economic terms, a ‘bull’ is
46. The long run pattern of economic growth and recession is called.
47. A budget deficit occurs.
48. When the value of currency apprciates it means that.
49. Which of the following is an example of Direct taxation
50. Assets-Liabilities = ?
51. Domestic revenue mobilization is key to realizing sustainable development and providing the fiscal space to fund.
52. Pakistan’s tax revenues heavily rely on.
53. FBR’s tax expenditure was at ____ of the GDP in FY 17-18
54. According to Doing Business Report 2018, it takes about ___ hours to make 47 annual tax payment.
55. A tax system usually comprises
56. Progressive taxation means
57. Which one of these is not levied on property.
58. As on 28-02-2021, income tax returns for tax year 2020 reached 2.8 million compared to.
59. IRIS-LMS is a software of FBR:
60. For verification of ATL status under income Tax Ordinance 2001, SMS your CNIC on
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
Sales Tax Act 1990 as amended upto July 2021.

66. “Schedule” means
67. “Whistleblower” is a person who
68. “Computerized system” means
69. “Tier-1 Retailer” means a retailer
70. In case of change of rate of tax a taxable supply shall be charged to tax.
71. Where by a deliberate act, a tax has not been levied, the person liable to pay that tax shall be.
72. The Board may appoint Special Audit Panels comprising of.
73. Any person who fails to issue any invoice shall pay a penalty of
74. “Arrears” of sale tax can be recovered by
75. For any amount due to be refundned to a tax payer, a claim should only be filed.
76. If the value of supply of agriculture produce exceeds certain amount the same are chareable to sales tax.
77. “Supply” in sales tax includes
78. “Cottage Industry” means an industry which
79. Sales tax on all the services is under the domain of
80. Assessment of tax and determination of tax liability
Federal Excise Act 1990 as amended upto July 2021.
81. The word “Whole Sale” dealer is defined in
82. The Board is empowered to levy, fee and service charges for valuation:
83. Who is required to provide and make arrangement for provideing real time access of information to the Board
84. Who has the power to share data or information including real time data, videos.
85. Which section of the Act provides mechanism for serving of notices and other documents.
86. Who does constitute audit panels special for conducting audit of a registered person.
87. Who is required to obtain the brand licence for each brand or stock keeping unit.
88. Subject to the provisions of sub-clause (1) of section 45(A): who is empowered to prescribe the record electronically or other means in respect of which monitoring, or packing of production, sales, clearances, stock etc, are monitored and implemented.
89. Time limitation for allowing the refund of duty is
90. Who is empowered to post an officer of Inland Revenue to the premises of the registered person.
91. Where recovery of tax has been stayed by the High Court by an order, the validity of the interim order shall be.
92. time limitation for deciding the dispute referred by the Board to Alternate Dispute Resolution Committee is
93. The word “Sale Tax Mode” is defined in
94. “Non-tariff area” means
95. Where the appellant is a company the prescribed fee for filing an appeal before the Commissioner (appeal) against any assessment order is.
Income Tax Ordinance 2001 as amended upto June 2021.
96. The rate of amortization of pre-commencement expenditure is
97. “Off-shore evader” includer
98. In case if any “Employee Share Scheme”
99. “Foreign source income” means
100. “Alternate Corporate Tax” means

[qaisarshahzad]

Sir kindly Wo english mcqs ki website bata dain inspector ka test hi kal

[kamransaleem]

Bro key main kuch mistakes hain or ap key se solve kr rhe ho. Phir solve krne ka benefit?

[ahmadsabir]

21 sy 36 tak ni available ....functions of fbr wala portion

[qaisarshahzad]

Batch 1 inspector ka peper b upload karan ajj hi plz...

[mansharaabbottabaddancer]

Sir muja jail police ka pass paper send kar dye