Page6 – Inland Revenue MCQs Questions

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

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26. About how much annual tax is collected by FBR?
(A) Rs 3000 billion
(B) Rs 4000 billion
(C) Rs 5000 billion
(D) Rs 6000 billion

27. Sales Tax is chargeable on goods
(A) imported
(B) exported
(C) produced locally
(D) A and C

28. Which of the following sector(s) is/are liable to pay Sales Tax?
(A) Manufacturing
(B) Services
(C) Distribution, Wholesale & Retail stage
(D) All of the above

29. FTO stands for
(A) Federal Tax Ombudsman
(B) Federal Tax Ordinance
(C) Fiscal Trade Ordinance
(D) Fiscal Trade Ombudsman

30. Custom duty is levied on goods
I. imported into Pakistan
II. exported from Pakistan
III. transported through Pakistan
(A) I only
(B) II only
(C) I and II
(D) I and III

ANSWERS: INLAND REVENUE QUESTIONS
26. (B) Rs 4000 billion
27. (D) A and C
28. (D) All of the above
29. (A) Federal Tax Ombudsman
30. (C) I and II. Next: Inland Revenue Test Questions 31–35