Solved Past Paper

Inspector Inland Revenue Solved Paper 2022 Batch 2

Solved preparation resource with structured attempts.

Total Questions 5 Qs
Duration Limit 100 Min
Negative Mark 0.00
Attempt Count 0

Solved Solutions Library

5 questions with explanations · bookmark · report

Back to Paper
1

A budget deficit occurs :

اردو: اس سوال کو وضاحت کے ساتھ پڑھیں

a When income is less than expenditure
b When loans are less than grants
c when earning is less than debt servicing
d None
Explanation

If earnings are insufficient to cover debt‑servicing payments, obligations exceed income and create a budget deficit.

2

The federal consolidated fund constitutes :

اردو: اس سوال کو وضاحت کے ساتھ پڑھیں

a Federal Government revenues
b Federal Government expenditures
c Federal Government reserves
d None
Explanation

The federal consolidated fund is the main account where all federal government revenues are credited and managed.

3

A tax system usually comprises :

اردو: اس سوال کو وضاحت کے ساتھ پڑھیں

a Tax policy and audit
b Tax reforms and automation
c Tax policy and revenue administration
d None
Explanation

A tax system combines tax policy (the rules and rates) with revenue administration (the collection and enforcement arm) to raise taxes.

4

What is the name of the man _________ gave us a lift?

a Who
b He
c What
d This
Explanation

Who is the relative pronoun used for people when it functions as the subject of the clause ‘gave us a lift’.

5

In economic terms a bull is

اردو: اس سوال کو وضاحت کے ساتھ پڑھیں

a The opposite of a bear
b An investor who expects the price of a security to rise
c both
d none
Explanation

‘Bull’ is both the opposite of a bear in market terms and an investor who expects prices to rise, so both definitions apply.