Federal and Provincial Budget of Pakistan Test Online

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Question 1

1. Which institution is responsible for monitoring budget spending in Pakistan?

Answer

Federal Board of Revenue

Answer

State Bank of Pakistan

Answer

Auditor General of Pakistan

Answer

Planning Commission

Question 2

2. Which provincial tax is NOT collected by the federal government?

Answer

Corporate Income Tax

Answer

Custom Duty

Answer

Sales Tax on Services

Answer

Excise Duty

Question 3

3. What is the main purpose of the Provincial Budget?

Answer

To plan provincial government expenditures and revenues

Answer

To regulate state-owned enterprises

Answer

To manage foreign exchange reserves

Answer

To allocate federal resources to provinces

Question 4

4. Which of the following is a development expenditure?

Answer

Interest payments on loans

Answer

Defense expenditure

Answer

Salaries of government employees

Answer

Construction of roads and bridges

Question 5

5. Which organization provides Pakistan financial assistance in case of budgetary shortfall?

Answer

International Monetary Fund (IMF)

Answer

World Trade Organization (WTO)

Answer

United Nations

Answer

European Union (EU)

Question 6

6. What is the primary source of revenue for the federal budget?

Answer

Grants from IMF

Answer

Provincial Contributions

Answer

Foreign Aid

Answer

Direct and Indirect Taxes

Question 7

7. Which tax is collected by the federal government but shared with provinces?

Answer

Capital Gains Tax

Answer

Property Tax

Answer

Income Tax

Question 8

8. Which department is responsible for preparing the budget at the federal level?

Answer

State Bank of Pakistan

Answer

Ministry of Finance

Answer

Federal Board of Revenue

Answer

Planning Commission

Question 9

9. Which type of budget occurs when expenditures exceed revenue?

Answer

Surplus Budget

Answer

Deficit Budget

Answer

Capital Budget

Answer

Balanced Budget

Question 10

10. The Public Sector Development Program (PSDP) mainly funds which type of projects?

Answer

Administrative Expenses

Answer

Infrastructure and Development Projects

Answer

Social Welfare Programs

Answer

Defense Expenditure

Question 11

11. Which article of the Constitution of Pakistan deals with the Annual Budget?

Answer

Article 101

Answer

Article 80

Answer

Article 73

Answer

Article 90

Question 12

12. Which of the following is NOT a major source of federal revenue?

Answer

Income Tax

Answer

Customs Duty

Answer

Property Tax

Question 13

13. Which sector gets the highest allocation in Pakistan’s federal budget?

Answer

Agriculture

Question 14

14. The annual budget in Pakistan follows which financial year?

Answer

January to December

Answer

July to June

Answer

March to February

Answer

April to March

Question 15

15. Which official presents the federal budget in the National Assembly?

Answer

Governor State Bank

Answer

Prime Minister

Answer

Minister of Finance

Question 16

16. Who approves the federal budget of Pakistan?

Answer

National Assembly

Answer

Supreme Court

Question 17

17. What is the major non-tax revenue source for the government?

Answer

Withholding Tax

Answer

Gas and Petroleum Levies

Answer

Customs Duty

Question 18

18. What happens if the budget is not passed by the National Assembly?

Answer

The previous budget continues

Answer

A vote of no confidence is triggered

Answer

The Supreme Court intervenes

Answer

President imposes the budget

Question 19

19. What is the term used for the total expected revenue and expenditure in the budget?

Answer

Budget Estimate

Answer

Development Plan

Answer

Revenue Projection

Answer

Fiscal Deficit

Question 20

20. What is the difference between total revenue and total expenditure in the budget?

Answer

Capital Loss

Answer

Budget Deficit

Answer

Revenue Surplus

Answer

Budget Surplus

Question 21

21. The federal budget of Pakistan is presented annually in which month?

Question 22

22. Which entity is responsible for presenting the federal budget of Pakistan?

Answer

National Assembly

Answer

Senate of Pakistan

Answer

President of Pakistan

Answer

Ministry of Finance

Question 23

23. What percentage of the National Finance Commission (NFC) Award is allocated to provinces?

Question 24

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Test Updated On	2025-03-11
Total Questions:	20
Time Allowed:	20 Minutes
Total Marks:	20
How to Attempt Test:	Read the Question and Options Carefully. Choose One Option from the Given. See Answer for Right Option or submit the Quiz to check your Score.
Test Helpful For:	Pakistan Current Affairs for Interview Pakistan General Knowledge for Interview Current Affair for Written Test General Knowledge for Written Test Interview Preparation

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