Inspector Inland Revenue Past Paper 2014 Test Solved MCQs

Inspector Inland Revenue Past Paper 2014 Test Solved MCQs for preparation.

pakistan fiscal year starts from

1. 1st September
2. 1st January
3. 1st July
4. 1st June

Objective Resolution was presented in Assembly on March 7

1. 1947
2. 1948
3. 1949
4. 1950

We measure national income by this method _____

1. Expenditure method
2. Income method
3. Product method
4. All

There are how many sections included in Income Tax Ordinance 2001?

1. 235
2. 242
3. 258
4. 260

The most important source of a Government is :

1. Foreign loans
2. Taxes
3. Printing of new money
4. Sale of Government property

The largest part of national income is

1. Consumption
2. Investment
3. Transfer payment
4. Saving

If you deduct direct tax from personal Income, we get

1. Net national income
2. Personal saving
3. Disposable income
4. Per capita income

Name of central excise duty has been changed as federal excise duty on

1. 1st July, 2003
2. 1st July, 2005
3. 1st July, 2007
4. 1st July, 2008

Central Excise Act ,1944 was repealed by

1. The Federal Excise Act, 2002.
2. The Federal Excise Act, 2004
3. The Federal Excise Act, 2005
4. The Federal Excise Act, 2007

Corporate tax is levied on :

1. Landlords
2. Municipal corporation
3. Joint stock companies
4. Importers

There are how many chapters included in Income Tax Ordinance ?

1. 11
2. 12
3. 13
4. 14

Which is the provincial tax in Pakistan?

1. Excise tax
2. Sales tax
3. Import duty
4. Motors token tax