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The MCQs below are drawn from the Business Administration subject category.
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1321
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]
1324
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]
1325
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]
1326
According to the data for June 2026, which energy source contributed the largest percentage to the national power supply?
Hydropower provided 39% of the total electricity supply in June 2026, making it the largest contributor. Nuclear power followed at 13.5%, while other sources like wind and solar contributed significantly smaller percentages. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1327
Which of the following statements regarding the fuel cost situation in June 2026 is INCORRECT?
Electricity consumption in June 2026 was 13,066 billion units, which is lower than the 13,310 billion units recorded in June 2025. Therefore, the statement claiming consumption was higher is incorrect. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1328
The Punjab government granted partial relief to traders by lifting market timing restrictions until which date?
The Punjab government announced a temporary relaxation of market timing curbs effective until June 1, 2026. This was a response to appeals from the shopping malls association and the general public. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
1329
In 2024, which Indian regulatory body investigated Amazon for alleged breaches of competition laws related to deep discounting?
The Competition Commission of India (the antitrust watchdog) conducted the investigation into Amazon's business practices. The other bodies listed regulate financial markets, banking, and insurance, respectively. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
1330
Which of the following best describes the primary mandate of the World Trade Organization regarding global economic governance?
The WTO functions as the primary global institution for the administration of trade agreements, providing a forum for trade negotiations and a formal mechanism for the settlement of trade-related disputes between member states.