FBR ACT MCQs and related questions with Answers Federal Board of Revenue Jobs test preparation online.
FBR ACT MCQS and Related Questions
In the FBR Act 2007, “fiscal laws” means laws relating to:
A. finance
B. commerce
C. trade
D. taxation
What is the federal Consolidated Fund in Pakistan?
- All Federal Government revenues
- Federal Government expenditures
- Federal Government reserves
- None
The Revenue Division was abolished in:
- January 1995
- March 1995
- February 1995
- April 1995
The Central Board of Revenue (CBR) became Federal Board of Revenue (FBR) by the enactment of:
A. FBR Act 2006
B. FBR Act 2007
C. FBR Act 2008
D. FBR Act 2009
TAMS means:
- Tax Auditor Management System
- Tax Audit Management System
- Tax All Management System
- All of these
RTOs means:
- Regional Tax Offices
- Revision Tax Offices
- Regular Tax Offices
- Real-life operating software
FBR is under the revenue division of :
- State Bank
- Commerce Ministry
- Finance Ministry
- Federal Government
All properties, assets and records of the Central Board of Revenue were transferred to _______ by the enactment of FBR Act 2007.
- FBR
- Finance Ministry
- Federal Government
- none of these
Salary Income is exempt up to:
- 200,000
- 300,000
- 400,000
- 500,000
- 600,000
FBR imposed _______ regulatory duty on motor spirit's import.
- 2 percent
- 40 percent
- 70 percent
- 10 percent
The tax system in Pakistan is operating on:
- At promoting voluntary compliance Documents
- Self Assessment Basis
- self policing
- All of these
Income Tax is a:
- Indirect tax
- Direct Tax
- Fee
- None of these
CBR stands for :
- Central Board of Revenue
- Control Board of Revenue
- California bearing Ratio
- Central Bank of The Russian
The Central Board of Revenue became Federal Board of Revenue by the enactment of __
- FBR Act 2001
- FBR Act 2004
- FBR Act 2007
- FBR Act 2009
When was Federal Board of Revenue (Erstwhile CBR) Founded?
- 1st April, 1924
- 4th July, 1948
- 1st June, 1951
- 23 March, 1935
Which tax is not a federal tax?
- Customs Duty
- Federal Excise
- Sales Tax on Goods
- Sales Tax on Service
What is Pakistan's biggest export in 2023-24?
- Leather goods
- Rich
- Textile
- None of these
What is contraband?
- All Narcotics
- All smuggled goods
- Articles banned by a Government
- Goods which may assist an enemy
What is Pakistan's largest trade partner in import?
- UK
- China
- USA
- None of these
The Customs Act was enacted in which year?
- 1968
- 1969
- 1970
- 1971
Federal Board of Revenue (FBR) is under the revenue division of the
A. commerce ministry
B. finance ministry
C. state bank
D. federal government
All properties, assets and records of the Central Board of Revenue were transferred to _ by the enactment of FBR Act 2007.
A. FBR
B. Finance Ministry
C. Federal Government
D. none of these
IMPORTANT: Read all FBR PAST PAPERS for Federal Board of Revenue of Pakistan Jobs test preparation online.
