Pakistan Economy

5 questions available

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All GDP & Growth 2 Inflation 1 Budget & Fiscal Policy 32 Taxation & FBR 5 Monetary Policy & SBP 7 Public Debt 2 IMF 2 World Bank 2 Trade & Balance of Payments 9 Remittances 2 Economic Reforms 7 CPEC Economy 10
Showing 1–5 of 5

Q1.What is the current Tax to GDP of Ratio of Pakistan?

Hard
A 12%
B 11%
C 10%
D 9%
Taxation & FBR PPSC 2026

Correct Answer: B

Q2.As of 2023, Pakistan is included in the roster of FATF.

Medium
A Black
B Grey
C White
D None of these
Taxation & FBR CSS 2026

Correct Answer: C

As of 2023, Pakistan had been removed from the FATF grey list and placed on the white (compliant) list.

Q3.FBR stands for?

Easy
A Federal Bureau of Revenue
B Federal Board of Revenue
C Federal Body of Regulation
D Finance Bureau of Reserves
Taxation & FBR CSS

Correct Answer: B

FBR stands for Federal Board of Revenue, Pakistan's apex tax authority.

Q4.Which tax is collected directly by FBR on income earned by individuals and companies?

Easy
A Sales Tax
B Income Tax
C Customs Duty
D Excise Duty
Taxation & FBR PMS

Correct Answer: B

Income tax is a direct tax collected on the income of individuals and companies.

Q5.Sukuk, used in Pakistan's financial system, refers to?

Hard
A Conventional interest-based bonds
B Islamic (Shariah-compliant) financial certificates
C Foreign currency reserves
D Corporate tax rebates
Taxation & FBR CSS

Correct Answer: B

Sukuk are Shariah-compliant financial certificates similar to bonds but structured to avoid interest.