Taxation System and Budget of Pakistan

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1. : Which body is responsible for collecting federal taxes in Pakistan?



2. : What is the fiscal year period in Pakistan?



3. : What is the main source of revenue for the government of Pakistan?



4. : Which of the following is a direct tax in Pakistan?



5. : The annual federal budget of Pakistan is presented by which ministry?



6. : Who prepares the annual budget in Pakistan?



7. : What is the purpose of the budget?



8. : Which type of budget shows equal income and expenditure?



9. : What is a budget deficit?



10. : Which tax is levied on the purchase of goods and services?



11. : Which government institution audits government expenditures?



12. : What percentage of GST (General Sales Tax) is typically charged in Pakistan?



13. : Which is an example of indirect tax?



14. : Which is not a part of the federal budget?



15. : Who presents the federal budget in the National Assembly?



16. : When is the federal budget typically presented?



17. : What is meant by “tax evasion”?



18. : Which tax is charged on income earned by companies?



19. : What is the function of the FBR?



20. : What does PSDP stand for in the budget?



21. : Which document gives detailed data on Pakistan’s economy before the budget?



22. : Which house of Parliament approves the federal budget?



23. : Which of the following is not a federal tax in Pakistan?



24. : What is the term for reducing or eliminating taxes on certain items?



25. : A progressive tax system means:



26. : What does “Zero-rated” mean in taxation?



27. : How often is income tax paid in Pakistan?



28. : What is a Finance Bill?



29. : What is the role of the State Bank during budget-making?



30. : What is the effect of deficit financing?



31. : Which tax applies to import and export goods?



32. : The budgetary deficit is usually financed by:



33. : What is a surplus budget?

35. : Which is a non-tax revenue source for the government?



36. : What is included in development expenditure?



37. : Tax holidays are granted to:



38. : Which is a goal of taxation?



39. : The Senate can:



40. : The largest allocation in Pakistan’s budget is usually for:



41. : Who monitors tax evasion in Pakistan?



42. : Withholding tax is:



43. : The Constitution of Pakistan requires that budget be passed by:



44. : Which document contains tax changes proposed in the budget?



45. : Surcharge is an additional charge on:



46. : Value Added Tax (VAT) is a type of:



47. : A tax on luxury goods is known as:



48. : Budget estimates are prepared by:



49. : What is the purpose of a supplementary budget?



50. : The GST system in Pakistan is administered by:



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