Customs Inspector Past Papers
These are the Questions from Customs Inspector Intelligence Officer past papers. This past paper is according to the syllabus of the Customs Inspector Intelligence Officer. So start preparation from these past papers.
1.
Government finance is
called
a) National
Finance
b) Public finance
c) Private finance
d) Both a and b
2.
A direct tax is that
which:
a) Is a heavy burden on the taxpayer
b) Is paid by the person on whom it is levied
3.
In Pakistan government
budget is prepared by:
a) National Assembly
b) President of
Pakistan
c) Ministry of Finance
4.
If the government increases
taxes, private savings:
a) Increase
b) Decrease
c) Do not change
d) Will become zero
5.
Taxes on commodities are
:
a) Direct taxes
b) Indirect taxes
c) Progressive taxes
d) Proportional tax
6.
Government Prepared its
budget:
a) Weekly
b) Monthly
c) Annually
d) Quarterly
7.
Which one of the
following is a direct tax:
a) Excise
tax
b) Sale
tax
c) Income tax
d) Custom duty
8.
Which tax is not shared
between central and provincial governments?
a) Excise tax
b) Sales tax
c) Custom duty
d) Property tax
9.
The budget estimate
prepared by the ministry of finance is finally approved by:
a) State Bank
b) President
c) Senate
d) National Assembly
10. Devaluation means
a) Change in the currency of a
country
b) The decrease in the value of
gold
c) Decrease in the value of money in terms of foreign currency
11. When the central Board of Revenue (CBR) was established?
a) 1st April 1924
b) 7th April 1924
c) 6th April 1924
d) 9th April 1924
12. What is the main function of money?
a) To buy eatables from the market
b) To serve as a medium of exchange
c) To earn interest from a bank
d) To buy luxurious goods
13. The special procedure under the title of Sales Tax special procedure
(Withholding Tax) Rules 2007 was introduced on:
a) 20th June
2007
b) 10th June 2007
c) 30th June 2007
d) 25th June 2007
14. Pakistan’s fiscal year starts from:
a) 1st September
b) 1st January
c) 1st April
d) 1st July
15. Which of the following tax is under provincial control in
Pakistan?
a) Excise
tax
b) Sales
Tax
c) Import Duty
d) Motors token tax
16. There is how many chapters included in Income Tax Ordinance?
a) 11 Chapters
b) 12
Chapters
c) 13 Chapters
d) 14 Chapters
17. There are how many schedules included in Income Tax
Ordinance 2001?
a) 9 Schedules
b) 8 Schedules
c) 6 Schedules
d) 7 Schedules
18. 18.There is how many sections included
in Income Tax Ordinance 2001?
a) 235
sections
b) 240 sections
c) 250 sections
d) 260 sections
19. Corporate tax is levied on:
a) Landlords
b) Municipal corporation
c) Joint stock companies
20. Central Excise Act, 1944 was repealed by
a) The Federal Excise Act,
2002
b) The Federal Excise Act, 2004
c) The Federal Excise Act, 2005
21. Name of Central Excise Duty has been changed as a Federal Excise
Duty on
a) 1st July 2003
b) 1st July 2005
c) 1st July 2007
d) 1st July 2008
22. Inland Revenue Wing of the FBR was created, which
is a combination of ______domestic taxes.
a) 3
b) 4
c) 5
d) 6
23. If we deduct direct tax from personal income, we get:
a) Net national income
b) Personal saving
c) Disposable income
24. The largest part of national income is
a) Consumption
b) Investment
c) Transfer payments
d) Saving
25. We measure national income by this method:
a) Expenditure Method
b) Income Method
c) Product Method
d) All
26. The most important source of income for the government is:
a) Foreign loans
b) Taxes
c) Printing of
new money
d) Sale of government property
27. In Pakistan, taxes are levied by:
a) Prime minister of Pakistan
b) President
of Pakistan
c) Federal Cabinet of ministers
d) National Assembly
28. Whom of the following propounded principles of taxation:
a) Keynes
b) Marshall
c) Adam Smith
d) Al Ghazali
29. There are how many schedules included in the Sales Tax Act, 1990?
a) 9 schedules
b) 6 schedules
c) 7
schedules
d) 8 schedules
30. There is how many sections included in the Sales Tax Act. 1990?
a) 75
Sections
b) 80 sections
c) 85 sections
d) 95 sections
31. Which section of the sales tax act, 1990 deals with Special Audit by
Chartered Accountants or Cost Accountants?
a) 29
b) 30
c) 31
d) 32-A
32. Which Section of the Sales Tax Act, 1990 deals
with offenses and penalties?
a) 33
b) 34
c) 35
d) 36
33. No person other than a ________ shall make any deduction or
reclaim input tax in respect of taxable supplies made or to be made by him.
a) Unregistered person
b) the registered person
c) Association
d) None of these
34. In Pakistan, income tax is collected by:
a) Local Govt.
b) Provincial Govt.
c) Federal govt.
d) All Governments
35. Sales tax in Pakistan is:
a) Direct
and progressive
b) Direct
and proportional
c) Indirect and progressive
d) Indirect and proportional
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