MCQs of Functions of FBR

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MCQs of Functions of FBR are available for all the candidates who has applied for the post of Inspector Inland Revenue Post. Previously, we have given all multiple choice questions of Functions of Federal Board of Revenue. So, those who has gone through that post can can practice this quiz. Students can easily qualify test if they practice MCQs of Functions of FBR thrice. So, you can enjoy quiz of functions of FBR.

Quiz of Functions of FBR

MCQs of Functions of Fedderal Board of Revenue (FBR)

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Question 1
A full-fledged revenue division was established under _________ in _________?
A
Indian Act, 1940
B
British Act, 1944
C
State Bank of Pakistan, 1960
D
Ministry of Finance, 1944
Question 2
If for any reason, the appointment of the chairman is delayed, then Federal government can appoint ____________ as acting chairman.
A
Commissioner Inland Revenue
B
Commissioner Appeal
C
Most Senior Member
D
NOT
Question 3
The establishment of Federal Board of Revenue is given under section ___________ of FBR Act 2007.
A
2
B
3
C
4
D
NOT
Question 4
Who is the executive head of the board (FBR)?
A
Commissioner Appeal
B
Commissioner Inland Revenue
C
Chairman
D
NOT
Question 5
How many sections are there in Federal Board of Revenue Act, 2007?
A
49
B
76
C
24
D
212
Question 6
According to Federal Board of Revenue Act, 1990 a person may be_________?
A
Natural person
B
Entity
C
Company or Association
D
Body of persons (incorporated or not)
E
AOT
Question 7
Federal Board of revenue should have at least ____________ members?
A
11
B
9
C
7
D
NOT
Question 8
Section 5 of FBR Act, 2007 deals with __________?
A
Establishment of Policy Board
B
Establishment of FBR
C
Human Resource Management
D
NOT
Question 9
Which of the following is the function of the FBR?
A
To implement the tax administration reforms
B
To improve the productivity
C
Grant additional allowances to employees and board members
D
To create surplus pool of employees
E
AOT
Question 10
Section 6 of FBR Act 2007 discusses about _________________?
A
Establishment of FBR
B
Human Resource Management
C
Establishment of Policy Board
D
NOT
Question 11
Name the current chairman of Federal Board of Revenue (FBR).
A
Mr. Asim Ahmed
B
Mr. Tariq Bajwa
C
Dr. Muhammad Ashfaq Ahmed
D
NOT
Question 12
Section 3 of FBR Act, 2007 deals with ______________?
A
Establishment of FBR
B
Functions of FBR
C
Representation to the Chairman
D
NOT
Question 13
In ____________ revenue division was abolished and CBR was reverted back to the pre 1991 position.
A
1985
B
1995
C
2005
D
NOT
Question 14
____________ is a policy related to employees for the purpose of the increasing efficiency in the functioning of FBR.
A
Fiscal policy
B
Human resource policy
C
Tax Policy
D
NOT
Question 15
Who can act as secretary of the policy board?
A
Federal government
B
Chairman
C
Commissioner
D
NOT
Question 16
Central Board of Revenue became the Federal Board of Revenue by the enactment of FBR Act 2007 in _______________?
A
April, 2007
B
June, 2007
C
July, 2007
D
NOT
Question 17
FBR has ___________ wings
A
4
B
7
C
9
D
11
Question 18
Operational Members are sub-divided into ___________members?
A
Members IR Operations
B
Member Customs Operations
C
Both a and b
D
NOT
Question 19
How many categories of member are there in FBR?
A
7
B
11
C
4
D
2
Question 20
It is required to have meeting of the board at least once in ____________?
A
2 months
B
2 years
C
6 months
D
12 months
Question 21
Who can appoint the secretary of the board?
A
Federal government
B
Chairman of the board
C
Provincial government
D
NOT
Question 22
Chairman of the board is appointed by _______________?
A
Federal Board of Revenue
B
Federal Government
C
Both a and b
D
NOT
Question 23
Fiscal laws means a general reference to the laws relating to _____________?
A
HR
B
Tax matters
C
Employment matters
D
AOT
Question 24
Which of the following is the category of FBR member?
A
Operational Members
B
Policy Members
C
Functional Members
D
Support Members
E
AOT
Question 25
Chairman FBR is ____________________________?
A
Executive head of the board
B
Secretary of the revenue division
C
Both a and b
D
NOT
Question 26
Support Members are sub-divided into_________________members?
A
Member Legal
B
Member IT
C
Member Legal & Accounting (Customs)
D
Member (Reforms & Modernization)
E
AOT
Question 27
The chairman of the board has responsibility_______________?
A
Formulation and administration of fiscal policies
B
Levy and collection of the federal taxes
C
Quasi-judicial function of hearing of appeals
D
AOT
Question 28
____________ can designate any member who shall act as an Acting Chairman if the chairman is absent for any reason.
A
Federal government
B
Chairman
C
Commissioner
D
NOT
Question 29
Policy members are again sub-divided into _____________ members?
A
Member IR Policy
B
Member Customs Policy
C
Both a and b
D
NOT
Question 30
When Central Board of Revenue (CBR) was established?
A
24 April
B
1st June
C
1st April
D
24 June
Question 31
Board means the central board of revenue established under the CBR Act _____?
A
1998
B
1924
C
2005
D
2007
Question 32
Central Board of Revenue Act 1924 was replaced by _________?
A
Provincial Revenue Board 2005
B
British Revenue System 1927
C
Federal Board of Revenue ACT 2007
D
NOT
Question 33
FBR extends to ________________?
A
Federal Level
B
Provincial level
C
Whole Pakistan
D
NOT
Question 34
When CBR was made attached department of the Finance Ministry?
A
1944
B
1974
C
1991
D
1998
Question 35
Functional members are sub-divided into________________members?
A
Member Admin/HR
B
Member FATE
C
Member (Audit & Accounting)
D
AOT
Question 36
The Power and Functions of the board are discussed under __________ section of the Federal Board of Revenue Act, 2007?
A
2
B
3
C
4
D
6
Question 37
Establishment of policy board is discussed under section___________?
A
3
B
4
C
5
D
6
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