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Inspector Inland Revenue Past Papers Test MCQs Solved Questions with Answers.

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21. The current federal tax-to-GDP ratio in Pakistan is about
(A) 11.4%
(B) 14.4%
(C) 17.4%
(D) 20.4%

22. Which of the following is NOT among domestic taxes?
(A) Income tax
(B) Sales tax
(C) Federal excise
(D) Customs duty

23. Domestic taxes constitute about _____ of the revenue collected by FBR.
(A) 30%
(B) 50%
(C) 70%
(D) 90%

24. Which of the following is exempted from Sales Tax?
(A) imports
(B) exports
(C) goods produces locally
(D) none of these

25. Income tax is _____ in nature.
(A) progressive
(B) regressive
(C) expensive
(D) none of these

ANSWERS: INLAND REVENUE QUESTIONS
21. (A) 11.4%
22. (D) Customs duty
23. (D) 90%
24. (B) exports
25. (A) progressive. Next Inland Revenue Test Questions 26–30