Functions of Federal Board of Revenue are essential to qualify the test of Inspector Inland Revenue. If you are preparing for the test of Inspector Inland Revenue, you should not forget to command over functions of FBR.
This section is comprised of MCQs on the following categories of FBR:
- Genesis of revenue system in Pakistan
- Definitions
- Establishment of board
- Members of FBR
- Necessary sections of FBR
- Functions
- Miscellaneous
Once you go through all these mcqs then you can try them in quiz form
MCQs of Functions of Federal Board of Revenue
1. When Central Board of Revenue (CBR) was established?
a. 24 April
b. 1st June
c. 1st April
d. 24 June
2. 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
3. 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
4. When CBR was made attached department of the Finance Ministry?
a. 1944
b. 1974
c. 1991
d. 1998
5. In ____________ revenue division was abolished and CBR was reverted back to the pre 1991 position.
a. 1985
b. 1995
c. 2005
d. NOT
6. Who is the executive head of the board (FBR)?
a. Commissioner Appeal
b. Commissioner Inland Revenue
c. Chairman
d. NOT
7. Chairman FBR is ____________________________?
a. Executive head of the board
b. Secretary of the revenue division
c. Both a and b
d. NOT
8. Board means the central board of revenue established under the CBR Act _____?
a. 1998
b. 1924
c. 2005
d. 2007
9. FBR extends to ________________?
a. Federal Level
b. Provincial level
c. Whole Pakistan
d. NOT
10. 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
11. Chairman of the board is appointed by _______________?
a. Federal Board of Revenue
b. Federal Government
c. Both a and b
d. NOT
12. Who can appoint the secretary of the board?
a. Federal government
b. Chairman of the board
c. Provincial government
d. NOT
13. 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
14. 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
15. Fiscal laws means a general reference to the laws relating to _____________?
a. HR
b. Tax matters
c. Employment matters
d. AOT
16. ____________ 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
17. The establishment of Federal Board of Revenue is given under section ___________ of FBR Act 2007.
a. 2
b. 3
c. 4
d. NOT
18. Federal Board of revenue should have at least ____________ members?
a. 11
b. 9
c. 7
d. NOT
19. ____________ 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
20. 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
21. 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
22. How many categories of member are there in FBR?
a. 7
b. 11
c. 4
d. 2
23. Which of the following is the category of FBR member?
a. Operational Members
b. Policy Members
c. Functional Members
d. Support Members
e. AOT
24. Operational Members are sub-divided into ___________members?
a. Members IR Operations
b. Member Customs Operations
c. Both a and b
d. NOT
25. Policy members are again sub-divided into _____________ members?
a. Member IR Policy
b. Member Customs Policy
c. Both a and b
d. NOT
26. Functional members are sub-divided into________________members?
a. Member Admin/HR
b. Member FATE
c. Member (Audit & Accounting)
d. AOT
27. Support Members are sub-divided into_________________members?
a. Member Legal
b. Member IT
c. Member Legal & Accounting (Customs)
d. Member (Reforms & Modernization)
e. AOT
28. FBR has ___________ wings
a. 4
b. 7
c. 9
d. 11
29. Section 3 of FBR Act, 2007 deals with ______________?
a. Establishment of FBR
b. Functions of FBR
c. Representation to the Chairman
d. NOT
30. Section 5 of FBR Act, 2007 deals with __________?
a. Establishment of Policy Board
b. Establishment of FBR
c. Human Resource Management
d. NOT
31. Establishment of policy board is discussed under section___________?
a. 3
b. 4
c. 5
d. 6
e. NOT
32. Section 6 of FBR Act 2007 discusses about _________________?
a. Establishment of FBR
b. Human Resource Management
c. Establishment of Policy Board
d. NOT
33. Who can act as secretary of the policy board?
a. Federal government
b. Chairman
c. Commissioner
d. NOT
34. 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
35. 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
36. How many sections are there in Federal Board of Revenue Act, 2007?
a. 49
b. 76
c. 24
d. 212
37. 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
Once you done you can practice these mcqs in quiz form