Federal Board of Revenue (FBR) Function and Role Test Online

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Question 1

1. What is the role of the FBR in tax audits?

Answer

To monitor and ensure compliance with tax laws

Answer

To offer financial advice to companies

Answer

To identify individuals with income tax exemptions

Answer

To enforce international trade agreements

Question 2

2. Which of the following taxes is collected by the FBR from business entities?

Answer

Corporate tax

Answer

Property tax

Answer

Inheritance tax

Question 3

3. Which of the following taxes is directly imposed by FBR on goods entering Pakistan?

Answer

Property tax

Answer

Customs duties

Answer

Inheritance tax

Question 4

4. What is the FBR’s main responsibility in managing tax collection?

Answer

To track all international financial transactions

Answer

To manage government subsidies for low-income citizens

Answer

To issue government bonds for financing

Answer

To facilitate the collection of taxes like income, sales, and customs duties

Question 5

5. How does the FBR encourage businesses to comply with tax laws?

Answer

By providing tax breaks to foreign companies

Answer

By eliminating income tax for small businesses

Answer

By offering free tax advisory services to corporations

Answer

By conducting regular audits and inspections

Question 6

6. Which department falls under the Federal Board of Revenue (FBR)?

Answer

State Bank of Pakistan

Answer

Pakistan International Airlines

Answer

National Database and Registration Authority

Answer

Customs Department

Question 7

7. What role does the FBR play in Pakistan’s economy?

Answer

It oversees defense expenditures

Answer

It is the primary body for monetary control

Answer

It supports the stock market

Answer

It collects the majority of government revenue

Question 8

8. Which of the following functions is managed by the FBR to assist with international trade?

Answer

Export subsidies

Answer

Import duties

Answer

Foreign currency regulation

Answer

Import and export tax exemptions

Question 9

9. Which of the following initiatives was launched by FBR to increase transparency in tax collections?

Answer

Lowering the tax rates for the wealthy

Answer

E-filing and automation of the tax system

Answer

Introduce tax exemptions for large corporations

Answer

Releasing tax data to the public

Question 10

10. Which of the following taxes is administered by the FBR for imports and exports?

Answer

Capital gains tax

Answer

Customs duties

Answer

Inheritance tax

Question 11

11. Which of the following is the FBR responsible for managing in relation to indirect taxes?

Answer

Banking policies

Answer

Sales tax collection

Answer

Educational grants

Answer

Corporate tax returns

Question 12

12. Which of the following is a function of the FBR’s Directorate of Intelligence and Investigation?

Answer

To set up tax exemptions for international businesses

Answer

To create educational programs about taxes

Answer

To conduct financial planning for the government

Answer

To investigate and prevent tax evasion

Question 13

13. How does the FBR promote digitalization of tax services?

Answer

Through the introduction of e-filing for tax returns

Answer

By allowing businesses to pay taxes in installments

Answer

Through international trade agreements

Answer

By offering tax exemptions for IT companies

Question 14

14. Who heads the Federal Board of Revenue (FBR)?

Answer

President of Pakistan

Answer

Prime Minister

Answer

Finance Minister

Question 15

15. Which of the following is a key goal of the FBR’s reforms?

Answer

Reducing the corporate tax rate

Answer

Ensuring effective revenue collection

Answer

Lowering taxes for multinational corporations

Answer

Promoting non-taxable income

Question 16

16. What is the key purpose of the FBR’s online tax filing system?

Answer

To simplify the process of submitting tax returns

Answer

To reduce the number of tax audits

Answer

To increase tax rates on certain commodities

Answer

To allow taxpayers to pay in installments

Question 17

17. Which of the following is the primary function of the Federal Board of Revenue (FBR)?

Answer

To collect taxes and revenue

Answer

To provide educational services

Answer

To manage national security

Answer

To regulate the economy

Question 18

18. Which of the following sectors does the FBR collect taxes from?

Answer

Financial services only

Answer

Both individuals and businesses

Answer

Agricultural sector only

Answer

Only from multinational corporations

Question 19

19. Which of the following is the role of the FBR in ensuring tax compliance?

Answer

Providing loans to businesses

Answer

Tax audits and assessments

Answer

Offering tax incentives to multinational corporations

Answer

Running financial institutions

Question 20

20. Which of the following taxes is collected by the FBR?

Answer

Income Tax

Answer

Municipal Tax

Answer

Provincial Sales Tax

Answer

Education Tax

Question 21

21. Which is a major role of the FBR in Pakistan’s international trade?

Answer

To promote domestic investment only

Answer

To manage currency exchange rates

Answer

To implement international monetary policies

Answer

To regulate import/export taxes and duties

Question 22

22. What is the primary purpose of FBR's customs division?

Answer

To collect taxes from business owners

Answer

To manage taxes and duties on imports and exports

Answer

To audit individual tax returns

Answer

To monitor real estate transactions

Question 23

23. What does the FBR primarily aim to achieve with its tax reforms?

Answer

To make the tax system more complicated

Answer

To increase government spending

Answer

To ensure greater tax compliance and increase revenue collection

Answer

To limit private sector growth

Question 24

24. Which of the following divisions does the FBR operate under?

Answer

Income Tax and Customs

Answer

Pakistan Revenue Authority

Answer

Ministry of Commerce

Answer

State Bank of Pakistan

Question 25

25. Which of the following is one of the main functions of the FBR?

Answer

Regulate business operations

Answer

Provide social security

Answer

Formulate tax policies

Answer

Issue currency notes

Question 26

26. Which of the following taxes is NOT directly managed by the FBR?

Answer

Income tax

Answer

Agricultural tax

Answer

Corporate tax

Question 27

27. Which of the following is an objective of the FBR’s ongoing reforms?

Answer

To simplify and modernize the tax collection process

Answer

To increase tax rates on all individuals

Answer

To eliminate taxation for large corporations

Answer

To prevent international investments in Pakistan

Question 28

28. What does the FBR use to monitor and enforce tax compliance?

Answer

Annual income reports

Answer

National database of tax defaulters

Answer

Tax amnesty schemes

Answer

International financial audits

Question 29

29. Which of the following best defines the FBR’s role in tax policy development?

Answer

To enforce national trade policies

Answer

To offer tax exemptions for local businesses

Answer

To develop and implement tax policies

Answer

To set tax rates for all businesses

Question 30

30. What is the FBR’s role in tax policy development?

Answer

To formulate tax policies and set tax rates for the federal government

Answer

To regulate banking operations

Answer

To provide tax deductions for international companies

Answer

To collect taxes only from businesses

Question 31

31. What is the main goal of the FBR’s initiatives to increase voluntary tax compliance?

Answer

To increase penalties for tax evasion

Answer

To ensure that more taxpayers follow tax laws

Answer

To promote the use of cash transactions

Answer

To increase government spending

Question 32

32. Who is the current Chairman of the Federal Board of Revenue (FBR)?

Answer

Shabbar Zaidi

Answer

Dr. Muhammad Ashfaq Ahmad

Answer

Asim Ahmad

Answer

Raza Baqir

Question 33

33. What is the purpose of FBR’s tax amnesty schemes?

Answer

To offer tax benefits to international companies

Answer

To reduce the amount of revenue collected

Answer

To punish tax evaders

Answer

To encourage voluntary tax compliance

Question 34

34. Which of the following best describes the role of the FBR in the federal budget?

Answer

To provide loans to the government

Answer

To monitor the government’s expenses

Answer

To set interest rates

Answer

To manage government revenue collection

Question 35

35. Which of the following is a key initiative of the FBR to improve tax compliance?

Answer

Foreign investment promotion

Answer

National education program

Answer

Online tax filing system

Answer

Free healthcare services

Question 36

36. What key initiative was launched by FBR to increase voluntary compliance in 2020?

Answer

E-filing of tax returns

Answer

Introduction of new tax brackets

Answer

Tax amnesty program

Answer

Tax audit reforms

Question 37

37. Which of the following describes FBR’s role in the collection of excise duties?

Answer

FBR collects excise duties from domestic manufacturers

Answer

Excise duties are collected at provincial levels only

Answer

FBR is not responsible for excise duties

Answer

FBR collects excise duties on international trade

Question 38

38. What is the FBR’s role in managing tax fraud?

Answer

To conduct audits and identify fraud

Answer

To prosecute tax evaders

Answer

To set tax rates for large corporations

Answer

To eliminate foreign exchange barriers

Question 39

39. Which of the following best describes FBR’s role in facilitating business growth?

Answer

FBR reduces business taxes to encourage foreign businesses

Answer

FBR provides loans to small businesses

Answer

FBR prevents business growth through high taxes

Answer

FBR enforces tax compliance to ensure a level playing field for businesses

Question 40

40. The FBR’s structure includes which of the following divisions?

Answer

Ministry of Finance

Answer

State Bank of Pakistan

Answer

Pakistan Revenue Authority

Answer

Income Tax and Customs Divisions

Question 41

41. Which of the following statements is true about FBR’s role in national revenue?

Answer

FBR is the only body responsible for national revenue collection

Answer

FBR is not involved in the collection of revenue

Answer

FBR focuses only on small-scale business taxes

Answer

FBR manages a major portion of the country’s revenue collection

Question 42

42. Which of the following is an example of a key initiative introduced by the FBR for enhancing compliance?

Answer

Raising tax rates on exports

Answer

Imposing higher fines for tax evasion

Answer

Offering tax exemptions for all SMEs

Answer

Establishing an automated online system for businesses to file taxes

Question 43

43. Which of the following taxes does the FBR collect from individuals?

Answer

Income tax

Answer

Property tax

Question 44

44. What is the key objective of FBR’s customs division?

Answer

To distribute tax refunds to businesses

Answer

To manage tax collection from the agricultural sector

Answer

To collect duties and taxes on imports and exports

Answer

To handle tax compliance from multinational companies

Question 45

45. Which of the following taxes does the FBR administer related to the sale of goods and services?

Answer

Capital gains tax

Answer

Property tax

Answer

Agricultural tax

Question 46

46. Which of the following is an FBR initiative to broaden the tax base?

Answer

Extending tax amnesty programs

Answer

Limiting the scope of tax audits

Answer

Imposing higher tax rates on imports

Answer

Introduction of new tax laws

Question 47

47. What does the FBR do in the case of tax evasion?

Answer

Nothing, as tax evasion is legal

Answer

Encourages individuals to report tax evasion

Answer

Investigates and enforces penalties for tax evaders

Answer

Provides tax exemptions for individuals who evade taxes

Question 48

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Total Questions:	47
Time Allowed:	20 Minutes
Total Marks:	47
How to Attempt Test:	Please choose the right Option in MCQ-type question.
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Federal Board of Revenue (FBR) Function and Role Test Online

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