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The MCQs below are drawn from the Business Administration subject category.
Showing 31–40
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31
A tax system usually comprises :
A. Tax policy and audit
B. Tax reforms and automation
C. Tax policy and revenue administration
D. None
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Explanation
A tax system combines tax policy (the rules and rates) with revenue administration (the collection and enforcement arm) to raise taxes.
32
Income tax ordinance 2001 was promulgated on ___ 2001.
A. 13 September
B. 13 October
C. 13 June
D. 13 December
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Explanation
The Income Tax Ordinance, 2001 was promulgated on 13 September 2001, which is its official date of promulgation.
33
There are how many sections included in Income Tax Ordinance 2001?
A. 235
B. 242
C. 258
D. 260
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Explanation
The Income Tax Ordinance of 2001 contains 242 sections in total.
34
There are how many sections included in Income Tax Ordinance 2001?
A. 235
B. 242
C. 258
D. 260
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Correct Option
Explanation
The Income Tax Ordinance, 2001 comprises 242 sections as specified in the statute.
35
The business ________ was looking for an opportunity to destroy him.
A. rival
B. enemy
C. opponent
D. none of these
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Explanation
Rival means a competing business adversary, which matches someone looking for an opportunity to destroy him.
36
Assets-Liabilities =
A. Debt
B. Profit
C. Equity
D. None
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Explanation
Equity is the owner's residual interest in a business and equals total assets minus total liabilities.
37
The long- run pattern of economic growth and recession is called :
A. a business cycle
B. An annual budget
C. A project cycle
D. None
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Explanation
A business cycle describes the long-run pattern of economic expansions and recessions, showing periodic growth and contraction.
38
For verification of ATL status under Income Tax Ordinance 2001, SMS your CNIC on :
A. 9955
B. 9966
C. 9977
D. none
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Explanation
9966 is the FBR SMS short code provided for taxpayers to send their CNIC and verify ATL (Active Taxpayer List) status.
39
His scheme sounds plausible for the new business. (Identify the modal verb)
A. Sounds
B. Plausible
C. For
D. Seems
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Correct Option
Explanation
Seems denotes appearance or assessment and is the option the question lists as the verb indicating modality/possibility.
40
Essential Bussines Letter components are:
A. Date And Address
B. Message And Signature
C. Both A& B
D. None
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Explanation
A business letter typically includes both the date and address (heading) and the message with a signature, so both A & B are required.
