FBR | Functions | Inland Revenue | Taxation | Sales | Income | Excise | Fiscal Policy
Functions of Federal Board of Revenue (FBR) Multiple Choice Questions (MCQs) Test with Answers. FBR Act 2007 MCQs including questions from past FBR test papers.
FBR TEST
— FPSC Inspector Inland Revenue Test NEW
Functions of FBR MCQs
Q. To achieve objects and purposes of the FBR Act, who is empowered to implement tax administration reforms?
(A) FBR
(B) State Bank
(C) Prime Minister
(D) Federal Government
The answer is: (A) FBR ☑
Q. FBR shall provide a financial report to the Federal Government
(A) monthly
(B) annually
(C) after every three years
(D) after every five years
The answer is: (B) annually ☑
Q. “SROs” means _________ rules and orders.
(A) standard
(B) superior
(C) stipulated
(D) statutory
The answer is: (D) statutory ☑
Q. Who is empowered to make rules for the purposes of FBR Act?
(A) FBR
(B) State Bank
(C) Prime Minister
(D) Federal Government
The answer is: (D) Federal Government ☑
Q. Who is empowered to make regulations for the administration of the FBR Act?
(A) FBR
(B) State Bank
(C) Prime Minister
(D) Federal Government
The answer is: (A) FBR ☑
Q. Which from the following is the direct responsibility of chairman FBR?
(A) All matter relating to administrative control
(B) All legal issues pertaining to the jurisdiction
(C) Quasi-judicial function of hearing of appeals
(D) Generation of revenue within jurisdiction
The answer is: (C) Quasi-judicial function of hearing of appeals ☑
Q. Which from the following is NOT the responsibility of Chief Commissioners LTUs?
(A) Enforcement/collection of revenue
(B) Facilitation of Taxpayer
(C) Generation of revenue within jurisdiction
(D) Interaction with the concerned ministries
The answer is: (D) Interaction with the concerned ministries ☑
Q. Which from the following is the responsibility of Chief Commissioners LTUs?
(A) All matter relating to administrative control
(B) Generation of revenue within jurisdiction
(C) All legal issues pertaining to the jurisdiction
(D) All of the above
The answer is: (D) All of the above ☑
Functions of FBR MCQs
- All budget and policy matters relating to dutiable / taxable goods and services is the responsibility of
- Which from the following sections work under the Chief (Income Tax – Policy)?
- Matters pertaining to reforms/ restructuring/ reorganization is the responsibility of inland revenue
- Matters related to parliament business, cabinet matters and ADR, FTO matters (Income Tax/ Sales Tax) is the responsibility of inland revenue
- Valuation of goods and tariff values is the responsibility of
- Post budget clarifications and issuance of SROs is the responsibility of
- Taxpayers Registration for Income Tax and Sales Tax is the responsibility of Inland Revenue
- Assignment and monitoring of collection targets of Income Tax, Sales Tax and Federal Excise duty is the responsibility of IR
- Matters pertaining to Income Tax, Sales Tax and Federal Excise duty Jurisdiction is the responsibility of IR
- Which from the following is the direct responsibility of chairman FBR?
- Which from the following is NOT the responsibility of Chief Commissioners LTUs?
- Which from the following is the responsibility of Chief Commissioners LTUs?
- Which from the following are the responsibilities of FBR chairman?
- Functions of FBR MCQs Test Questions with Answers