1. The First Schedule services are considered:
(A) Exhaustive
(B) Not exhaustive
(C) Final list
(D) Optional only
2. Services mentioned in Second Schedule are considered:
(A) Taxable services
(B) Non-taxable
(C) Exempt only
(D) Private services
3. Services mentioned in rules and circulars are also:
(A) Exempt
(B) Free services
(C) Taxable services
(D) Optional services
4. Where recipient is resident of Punjab and tax is charged, provider shall pay tax to:
(A) Federal Government
(B) Government of Punjab
(C) Authority
(D) Court
5. Reverse charge applies when recipient is:
(A) Unregistered person
(B) Employee
(C) Foreign person
(D) Registered person
6. Registered recipient must deduct tax:
(A) Partially
(B) Half
(C) None
(D) Whole amount
7. Tax deducted under reverse charge is paid to:
(A) Police
(B) Bank
(C) Government
(D) Court
8. If services are provided in more than one province, tax is payable to Punjab for services:
(A) Imported
(B) Free services
(C) Charged to Punjab residents
(D) Government services only
9. Services originating from Punjab but ending outside Pakistan are:
(A) Exempt
(B) Not taxable
(C) Free
(D) Taxable
10. Services originating outside Pakistan but received in Punjab are taxable to:
(A) Recipient
(B) Provider
(C) Government employee
(D) Bank
11. Persons liable under reverse charge must also be:
(A) Government officers
(B) Judges
(C) Lawyers
(D) Registered persons
12. Disputes on origin principle are resolved under:
(A) Supreme Court
(B) Federal agreement understanding
(C) Police rules
(D) Bank policy
13. Tax must still be deposited even if dispute is:
(A) Solved
(B) Pending
(C) Ignored
(D) Withdrawn
14. Government may regulate origin principle through:
(A) Court order
(B) Police rules
(C) Special procedure
(D) Constitution amendment
15. Government may amend Second Schedule by:
(A) Adding entries
(B) All of these
(C) Modifying entries
(D) Deleting entries
16. Amendment in Second Schedule is issued by:
(A) Court
(B) Police order
(C) Notification
(D) FBR only
17. Amendment notification becomes effective from:
(A) Previous date
(B) Future date only
(C) Court date
(D) Date specified in notification
18. Notification date cannot be prior to:
(A) Court order
(B) Budget speech
(C) Tax year
(D) Gazette publication
19. Government must present amendments before:
(A) Supreme Court
(B) Police
(C) Provincial Assembly
(D) Banks
20. Economic activity includes:
(A) Charity only
(B) Social work only
(C) Religious activity only
(D) Business or profession
21. Economic activity includes supply of:
(A) Salary only
(B) Gold only
(C) Cash only
(D) Immovable property by lease
22. Economic activity includes:
(A) Government order
(B) One-time transaction
(C) Court judgment
(D) Police action
23. Economic activity excludes:
(A) Employee services
(B) Business
(C) Trade
(D) Profession
24. Private hobby is part of:
(A) Excluded activity
(B) Economic activity
(C) Taxable service
(D) Business
25. Value of taxable service is based on:
(A) Gross consideration
(B) Profit
(C) Loss
(D) Salary
26. Value of service excludes:
(A) Tax amount
(B) Price
(C) Charges
(D) Fees
27. If payment is in kind, value is:
(A) Book value
(B) Cost price
(C) Open market price
(D) Minimum price
28. Associated persons value is based on:
(A) Discount
(B) Market price
(C) Salary
(D) Profit only
29. Trade discounts are allowed if shown in:
(A) Invoice
(B) Court order
(C) Bank statement
(D) Contract only
30. Value may be fixed by Authority through:
(A) Bank rule
(B) Court order
(C) Police order
(D) Notification
31. Utilities ancillary to service are included in:
(A) Value of service
(B) Salary
(C) Loss
(D) Tax exemption
32. Open market price means price in:
(A) Free market transaction
(B) Controlled market
(C) Government auction only
(D) Court sale
33. Open market price is between:
(A) Associates
(B) Employees only
(C) Government officers
(D) Non-associated persons
34. If price cannot be determined, Authority uses:
(A) Guess
(B) Bank rate
(C) Random value
(D) Formula or method
35. Provision of service over time is treated as:
(A) Single service
(B) Free service
(C) Separate services
(D) Tax-free service
36. Semi-annual payment creates how many services?
(A) Two
(B) One
(C) Three
(D) Four
37. Insurance premium annually is treated as:
(A) One service
(B) Separate service each year
(C) Free service
(D) Gift
38. Illustrations in law are:
(A) Explanatory only
(B) Binding rules
(C) Penal provisions
(D) Tax rules
39. Installment payments are:
(A) Excluded from section 9
(B) Included in section 9
(C) Always taxable separately
(D) Always exempt
40. Reverse charge applies when recipient is:
(A) Government
(B) Student
(C) Tourist
(D) Registered person
41. Tax under origin principle is paid by:
(A) Provider
(B) Bank
(C) Customer only
(D) Court
42. Services from outside Pakistan but used in Punjab are paid by:
(A) Supplier
(B) Police
(C) Recipient
(D) Court
43. Place of origin rules apply:
(A) Only Punjab
(B) Across provinces
(C) Only cities
(D) Only rural areas
44. Government may specify special procedure by:
(A) Oral order
(B) Gazette notification
(C) Newspaper
(D) SMS
45. Economic activity includes profession, trade and:
(A) Hobby
(B) Undertaking
(C) Charity
(D) Donation
46. Lease of immovable property is:
(A) Not economic activity
(B) Economic activity
(C) Illegal activity
(D) Exempt activity
47. Termination of economic activity is:
(A) Excluded
(B) Illegal
(C) Included
(D) Free
48. Taxable service originates from Punjab is:
(A) Taxable
(B) Always exempt
(C) Free
(D) Optional
49. Open market price depends on:
(A) Court decision
(B) Market conditions
(C) Bank rate
(D) Police report
50. Value determination ensures:
(A) Tax evasion
(B) Free services
(C) Fair taxation
(D) No tax
51. Authority may prescribe valuation:
(A) Bank only
(B) Customs only
(C) Rules
(D) Police only
52. Tax applies even if service involves:
(A) Charity
(B) No goods
(C) Goods usage
(D) Donation
53. Non-resident providing service to resident is:
(A) Exempt
(B) Free
(C) Taxable
(D) Illegal
54. Reverse charge ensures tax is collected from:
(A) Government
(B) Police
(C) Recipient
(D) Court
55. Economic activity includes one-time:
(A) Donation
(B) Business transaction
(C) Gift
(D) Reward
56. Associated persons valuation uses:
(A) Discounted value
(B) Random value
(C) Market value
(D) Book value only
57. Tax includes fines, penalties and:
(A) Donations
(B) Grants only
(C) Gifts
(D) Any payable sum
58. Taxable service means service listed in:
(A) First Schedule
(B) Second Schedule
(C) Third Schedule
(D) Fourth Schedule
59. Service definition excludes:
(A) Goods
(B) Services
(C) Trade
(D) Business
60. Value of service excludes:
(A) Tax amount
(B) Price
(C) Charges
(D) Fees
61. Economic activity includes commencement and:
(A) Delay
(B) Suspension only
(C) Ending
(D) Audit
62. Open market price is adjusted for:
(A) Inflation only
(B) Bank rate
(C) Salary changes
(D) Differences between services
63. Place of business includes:
(A) Bank only
(B) Court presence
(C) Police office
(D) Virtual presence
64. Service includes initiation, execution and:
(A) Goods
(B) Salary
(C) Termination
(D) Land
65. Authority fixes value when declaration is:
(A) Incorrect
(B) Correct
(C) Verified
(D) Approved
66. Associated persons include pricing at:
(A) No price
(B) Higher market price only
(C) Lower market price
(D) Zero value
67. Installments basis is:
(A) Included in section 9
(B) Illegal
(C) Tax-free
(D) Excluded from section 9
68. Economic activity does NOT include:
(A) Employee services
(B) Business
(C) Trade
(D) Profession
69. Service value includes:
(A) Salary only
(B) Only tax
(C) No charges
(D) All taxes except tax itself
70. Reverse charge mechanism mainly shifts liability to:
(A) Supplier always
(B) Recipient in certain cases
(C) Government
(D) Bank