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The MCQs below are drawn from the Business Administration subject category.
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901
The Federal Board of Revenue (FBR) operates under the administrative control of which federal entity?
The Federal Board of Revenue functions as the apex body for tax administration and fiscal policy implementation under the direct administrative oversight of the Ministry of Finance.
Consider the following statements about Anthropic's AI model developments:
1. Claude Opus 5 is designed to consume fewer computing resources than earlier versions.
2. Mythos 5 is currently available for unrestricted public access to all developers.
3. The cost of AI models is a significant concern for business customers ahead of market debuts.
Which of the statements given above is/are correct?
Statement 1 is correct as the model is optimized for efficiency. Statement 2 is incorrect because Mythos 5 is restricted to select partners due to its advanced offensive capabilities. Statement 3 is correct as business customers have expressed concerns over the high costs of running advanced AI systems. [Source: https://www.dawn.com/news/2018102/anthropic-bets-on-cheaper-ai-with-new-model, 24 Jul 2026]
903
Which of the following institutions serves as the primary executive agency for the administration and collection of federal taxes in Pakistan?
The Federal Board of Revenue is the apex federal agency responsible for the collection of taxes and customs duties, acting as the primary executive arm for national economic governance.
The Federal Tax Ombudsman is specifically mandated to investigate and resolve complaints regarding maladministration by the Federal Board of Revenue and its associated tax authorities, functioning as an oversight mechanism within economic governance.
Consider the following statements about the market timing policies in May 2026:
1. The federal government announced a nationwide 8pm market closure policy on April 6, 2026.
2. The Sindh government's decision to lift curbs was intended to facilitate businesses and citizens.
3. The Khyber Pakhtunkhwa government requested citizens to continue observing electricity conservation measures despite lifting timing restrictions.
Which of the statements given above is/are correct?
All three statements are factually accurate based on the provided information. The federal government did announce the 8pm policy in April, Sindh cited facilitation as the reason for the change, and KP explicitly requested continued electricity conservation. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
906
Which of the following statements regarding the Pakistan-China relationship is INCORRECT?
The leadership emphasized that the relationship is unique because it has historically functioned without political strings or conditions. Therefore, option D is the incorrect statement. [Source: https://www.dawn.com/news/2002044/pm-shehbaz-lauds-steadfast-pak-china-friendship-says-beijing-supported-islamabad-in-unwavering-fashion, 21 May 2026]
907
Who announced the decision to lift market timing restrictions in Sindh on May 16, 2026?
Sharjeel Memon, serving as the Sindh Senior Minister, officially announced the exemption of markets and businesses from fixed closing times. Murad Ali Shah is the Chief Minister, but the specific announcement regarding this policy shift was attributed to the Senior Minister. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
908
Which of the following is NOT a category of business exempted from the 9pm closing time in Sindh as per the May 2026 notification?
The notification specifically exempted commercial entities like wedding halls, shopping malls, and food outlets from the 9pm closing time. Public sector offices were not included in this commercial market timing exemption. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
909
Which maritime chokepoint is identified as a primary cause for the recent global fuel supply crunch affecting Pakistan?
The Strait of Hormuz is the critical passage through which a significant portion of the world's oil and gas supply transits. Its disruption has directly impacted global energy supply chains and domestic fuel pricing in Pakistan. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
910
Following the price adjustment announced on May 22, 2026, what is the new price of petrol per litre?
After the reduction of Rs6 per litre, the price of petrol was set at Rs403.78 per litre. High-speed diesel was set at Rs402.78 per litre. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
