MCQ Bank

Subjects
All Subjects 203 ACC311
F:210
210 ACC31Q
F:97
97 ACC501
F:248
248 BIF101
F:37
37 BIF401
F:27
27 BIF501
F:63
63 BIF602
F:3
3 BIF604
F:67
67 BIO101
F:17
17 BIO401
F:24
24 BIO503
F:48
48 BIO504T
F:12
12 BIO5101
F:25
25 BIO5105
F:18
18 BIO732
F:49
49 BNK601
F:129
129 BNK610
F:69
69 BNK611
F:102
102 BT101
F:80
80 BT102
F:53
53 BT201
F:246
246 BT301
F:30
30 BT302
F:35
35 BT401
F:163
163 BT402
F:37
37 BT403
F:43
43 BT404
M:9
9 BT405
F:41
41 BT406
F:106
106 BT501
F:141
141 BT503
F:74
74 BT504
F:67
67 BT505
F:68
68 BT511T
F:27
27 BT601
F:69
69 BT603
F:21
21 BT604
F:19
19 BT605
F:58
58 BT614T
F:37
37 CHE201
F:77
77 CS001
F:58
58 CS101
F:166
166 CS201
M:97 F:247
344 CS201P
F:200
200 CS202
F:192
192 CS204
F:77
77 CS205
F:87
87 CS206
F:57
57 CS301
F:141
141 CS301P
F:63
63 CS302
F:192
192 CS304
F:89
89 CS304P
F:147
147 CS306
F:75
75 CS311
F:132
132 CS312
F:47
47 CS314
F:84
84 CS315
F:57
57 CS401
F:117
117 CS402
M:67 F:140
207 CS403
F:162
162 CS403P
F:120
120 CS405
F:70
70 CS406
F:28
28 CS407
F:70
70 CS408
F:76
76 CS409
F:43
43 CS411
F:100
100 CS420
F:106
106 CS432
F:80
80 CS435
F:46
46 CS441
F:73
73 CS442
F:29
29 CS501
F:120
120 CS502
F:156
156 CS504
F:179
179 CS505
F:49
49 CS506
F:196
196 CS507
F:165
165 CS508
F:227
227 CS510
F:63
63 CS521
F:26
26 CS525
F:25
25 CS601
F:137
137 CS602
F:105
105 CS603
F:62
62 CS604
F:177
177 CS605
F:82
82 CS606
F:194
194 CS607
F:134
134 CS609
F:89
89 CS610
F:126
126 CS611
F:78
78 CS614
F:126
126 CS615
F:121
121 CS620
F:62
62 CS621
F:38
38 CS625
F:27
27 CS626
F:30
30 CS627
F:39
39 CS636
F:40
40 ECE302
F:21
21 ECO302
F:36
36 ECO303
F:20
20 ECO401
F:383
383 ECO402
F:99
99 ECO403
F:137
137 ECO404
F:129
129 ECO603
F:53
53 ECO606
F:108
108 ECO607
F:182
182 ECO609
F:48
48 ECO610
F:74
74 ECO613
F:50
50 ECO616
F:68
68 EDU101
F:72
72 EDU301
F:20
20 EDU302
F:57
57 EDU303
F:113
113 EDU304
F:33
33 EDU305
F:88
88 EDU401
F:117
117 EDU402
F:46
46 EDU403
F:37
37 EDU405
F:87
87 EDU406
F:75
75 EDU410
F:65
65 EDU411
F:312
312 EDU430
F:147
147 EDU431
F:62
62 EDU433
F:66
66 EDU501
F:42
42 EDU505
F:41
41 EDU510
F:15
15 EDU512
F:86
86 EDU515
F:12
12 EDU516
F:54
54 EDU601
F:129
129 EDU602
F:52
52 EDU604
F:103
103 EDU654
F:25
25 EDU705
F:26
26 EDUA430
F:77
77 ENG001
F:417
417 ENG101
F:344
344 ENG201
F:289
289 ENG301
F:340
340 ENG501
F:73
73 ENG502
F:55
55 ENG503
F:31
31 ENG504
F:44
44 ENG505
F:68
68 ENG506
F:60
60 ENG507
F:64
64 ENG508
F:61
61 ENG509
F:50
50 ENG510
F:41
41 ENG511
F:102
102 ENG512
F:44
44 ENG513
F:35
35 ENG514
F:57
57 ENG515
F:37
37 ENG516
F:50
50 ENG517
F:38
38 ENG518
F:65
65 ENG519
F:64
64 ENG520
F:40
40 ENG522
F:92
92 ENG523
F:76
76 ENG524
F:48
48 ENG529
F:34
34 ETH100
F:145
145 ETH201
F:20
20 FIN611
F:113
113 FIN621
F:168
168 FIN622
F:162
162 FIN623
F:203
203 FIN624
F:99
99 FIN625
F:96
96 FIN630
F:217
217 FIN702
F:56
56 GSC101
F:423
423 GSC201
F:47
47 HRM624
F:220
220 HRM627
F:300
300 ISL201
F:39
39 ISL202
F:903
903 IT430
F:280
280 IT601
F:31
31 IT602
F:33
33 MB502T
F:67
67 MCD403
F:20
20 MCD504
F:80
80 MCM101
F:98
98 MCM301
F:66
66 MCM304
F:52
52 MCM310
F:114
114 MCM311
F:96
96 MCM401
F:108
108 MCM411
F:76
76 MCM431
F:118
118 MCM501
F:105
105 MCM511
F:44
44 MCM514
F:21
21 MCM515
F:21
21 MCM516
F:55
55 MCM517
F:68
68 MCM520
F:67
67 MCM532
F:42
42 MCM601
F:99
99 MCM604
F:115
115 MCM610
F:85
85 MGMT611
F:205
205 MGMT623
F:160
160 MGMT625
F:126
126 MGMT627
F:130
130 MGMT628
F:234
234 MGMT629
F:99
99 MGMT630
F:112
112 MGT101
F:330
330 MGT111
F:197
197 MGT201
F:110
110 MGT211
F:175
175 MGT301
F:215
215 MGT401
F:30
30 MGT402
F:107
107 MGT404
F:135
135 MGT411
F:194
194 MGT501
F:396
396 MGT502
F:555
555 MGT503
F:325
325 MGT504
F:214
214 MGT510
F:561
561 MGT513
F:80
80 MGT520
F:231
231 MGT522
F:116
116 MGT601
F:121
121 MGT602
F:270
270 MGT603
F:330
330 MGT604
F:123
123 MGT605
F:66
66 MGT610
F:231
231 MGT611
F:122
122 MGT613
F:220
220 MGT713
F:44
44 MIC501T
F:40
40 MKT501
F:250
250 MKT530
F:71
71 MKT610
F:83
83 MKT621
F:94
94 MKT624
F:114
114 MKT630
F:127
127 MTH001
F:276
276 MTH100
F:216
216 MTH101
F:1292
1292 MTH102
F:32
32 MTH104
F:64
64 MTH201
F:68
68 MTH202
F:238
238 MTH301
F:406
406 MTH302
F:778
778 MTH303
F:160
160 MTH304
F:35
35 MTH401
F:226
226 MTH403
F:147
147 MTH404
F:41
41 MTH405
F:132
132 MTH501
F:366
366 MTH601
F:266
266 MTH603
F:160
160 MTH621
F:105
105 MTH622
F:62
62 MTH631
F:167
167 MTH632
F:97
97 MTH633
F:54
54 MTH634
F:67
67 MTH641
F:179
179 MTH642
F:76
76 MTH643
F:22
22 MTH645
F:63
63 MTH646
F:91
91 PAK301
F:155
155 PAK302
F:131
131 PAK522
F:51
51 PHY101
F:626
626 PHY301
F:95
95 PSC201
F:85
85 PSC401
F:48
48 PSY101
F:409
409 PSY401
F:166
166 PSY402
F:43
43 PSY403
F:262
262 PSY404
F:137
137 PSY405
F:174
174 PSY406
F:244
244 PSY407
F:175
175 PSY408
F:207
207 PSY409
F:143
143 PSY502
F:264
264 PSY504
F:126
126 PSY505
F:108
108 PSY511
F:69
69 PSY512
F:192
192 PSY513
F:175
175 PSY514
F:104
104 PSY515
F:140
140 PSY516
F:88
88 PSY610
F:81
81 PSY611
F:132
132 PSY631
F:116
116 PSY632
F:180
180 PSYP402
F:90
90 PSYP631
F:185
185 SE601
F:21
21 SE602
F:36
36 SOC101
F:1279
1279 SOC201
F:191
191 SOC301
F:63
63 SOC302
F:94
94 SOC401
F:143
143 SOC404
F:109
109 SOC609
F:82
82 SOC617
F:59
59 STA301
F:402
402 STA302
F:34
34 STA630
F:298
298 STA641
F:87
87 URD101
F:158
158 ZOO102
F:9
9 ZOO103
F:10
10 ZOO403
F:50
50 ZOO501
F:23
23 ZOO502
F:9
9 ZOO503
F:153
153 ZOO504
F:139
139 ZOO505
F:27
27 ZOO507
F:21
21 ZOO510
F:136
136 ZOO518T
F:20
20 ZOO519T
F:17
17
Koi subject nahi mila
FIN623 — PDF
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203 result(s)
FIN623 Final Term Unsolved
Q100

Which of the following is the rate of tax for salaried individuals for the tax year 2026, where the taxable income exceeds Rs. 4,100,000?

  • A) Rs. 1,345,000 plus 25% of the amount exceeding Rs. 12,000,000
  • B) Rs. 616,000 plus 35% of the amount exceeding Rs. 4,100,000
  • C) Rs. 90,000 plus 15% of the amount exceeding Rs. 12,000,000
  • D) Rs. 1,610,000 plus 45% of the amount exceeding Rs. 5,600,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q101

Mr. A is a salaried individual with a total taxable income of Rs. 1,000,000. Which of the following is the tax liability of Mr. A for the tax year 2026? (Tax Slab: 1% of the amount exceeding Rs. 600,000)

  • A) Rs. 15,000
  • B) Rs. 7,500
  • C) Rs. 4,000
  • D) Rs. 32,500
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q102

Which of the following is the rate of tax for Mr. Zia, who has earned a basic salary of Rs. 1,850,000 and a medical allowance of Rs. 150,000 during the tax year 2026?

  • A) Rs. 195,000 plus 17.5% of the amount exceeding Rs. 2,500,000
  • B) 1% of the amount exceeding Rs. 600,000
  • C) Rs. 6,000 plus 11% of the amount exceeding Rs. 1,200,000
  • D) Rs. 90,000 plus 20% of the amount exceeding Rs. 1,200,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q103

As per clause 13(iii) of part 1 of the second schedule, if FBR approves the gratuity fund for the tax year 2026, the amount of fund exempted up to Rs. 300,000 and any amount exceeding it will be taxed under which of the following heads?

  • A) Income from Business
  • B) Income from Other Sources
  • C) Capital Gain
  • D) Income from Salary
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q104

Where utilities provided by any person are included in rent, such amount shall be chargeable to tax under which one of the following heads of income?

  • A) Income from Other Sources
  • B) Income from Salary
  • C) Income from Property
  • D) Income from Business
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q105

Which of the following is the rate of tax for salaried individuals for the tax year 2026, where the taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000?

  • A) 15% of the amount exceeding Rs. 600,000
  • B) 1% of the amount exceeding Rs. 600,000
  • C) 7% of the amount exceeding Rs. 600,000
  • D) 9% of the amount exceeding Rs. 600,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q106

What is the average relief provided for the investment in shares per sec 62 of the ITO 2001 for the tax year 2026?

  • A) Five per cent of the person's (taxable) income for the year
  • B) Twenty per cent of the person's (taxable) income for the year
  • C) Thirty per cent of the person's (taxable) income for the year
  • D) There is no relief available to the taxpayers
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q107

Mr. Dawood is earning a salary of Rs. 125,000 per month. What will be the amount of taxable income and tax liability for the tax year 2026? (Tax Slab: Rs. 6,000 plus 11% of the amount exceeding Rs. 1,200,000)

  • A) Taxable income is Rs. 500,000 and Tax liability is Rs. 0
  • B) Taxable income is Rs. 125,000 and Tax liability is Rs. 0
  • C) Taxable income is Rs. 1,500,000 and Tax liability is Rs. 39,000
  • D) Taxable income is Rs. 2,500,000 and Tax liability is Rs. 120,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q108

Mr. Hassan earned a basic salary of Rs. 1,500,000 and a bonus of Rs. 1,000,000 during the year. Which of the following is his tax liability for the tax year 2026? (Tax Slab: Rs. 116,000 plus 23% of the amount exceeding Rs. 2,200,000)

  • A) Rs. 440,000
  • B) Rs. 185,000
  • C) Rs. 255,000
  • D) Rs. 120,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q109

Mr. Zafar earned a monthly salary of Rs. 150,000, a commission of Rs. 200,000 and fees of Rs. 150,000 during the year. Which of the following is his tax liability for the tax year 2026? (Tax Slab: Rs. 6,000 plus 11% of the amount exceeding Rs. 1,200,000)

  • A) Rs. 133,750
  • B) Rs. 110,500
  • C) Rs. 172,500
  • D) Rs. 335,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q110

As per sec 110 of the ITO 2001 the salary income paid by private companies can be taxed on a ________________ basis if the Commissioner finds and believes that there are reasonable grounds to do so.

  • A) Cash
  • B) Real-time
  • C) Actual
  • D) Deferred
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q111

What is the tax treatment of the leave encashment on retirement to the members of the Armed Forces of Pakistan?

  • A) It will be taxed at the rate of 20%
  • B) It is exempt from tax
  • C) It will be taxed at the rate of 10%
  • D) It will be taxed at the rate of 5%
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q112

What is the tax treatment of the reimbursement of expenditure made by the employer?

  • A) Partly Taxable
  • B) Not mentioned in Income Tax Ordinance 2001
  • C) Wholly Taxable
  • D) Wholly exempt
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q113

Mr. X a non-resident of Pakistan earned income from Property situated in London Rs. 50,000 but received in India. Which of the following statements is right for this scenario?

  • A) Mr. X being non-resident of Pakistan Rs. 50,000 will be added in Gross total income
  • B) Mr. X being non-resident of Pakistan Rs. 50,000 will be claimed as admissible deduction
  • C) Mr. X being non-resident of Pakistan Rs. 50,000 will be subtracted from Gross total income
  • D) Mr. X being non-resident of Pakistan Rs. 50,000 will not be included in Gross total income
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q114

Mr. X, a non-resident employed in Pakistan, earned a pension of Rs. 100,000 from the Pakistan Government but received it in London. Which of the following statements is right for this scenario?

  • A) Mr. X being non-resident of Pakistan Rs. 100,000 will be exempted
  • B) Mr. X being non-resident of Pakistan Rs. 100,000 will be added in Gross total income
  • C) Mr. X being non-resident of Pakistan Rs. 100,000 will be subtracted from Gross total income
  • D) Mr. X being non-resident of Pakistan Rs. 100,000 will be added in total income after tax
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q115

Gratuity received by a non-resident person is:

  • A) Upto 50% of amount receivable
  • B) Fully taxable
  • C) Fully exempt
  • D) Upto 50% of basic salary
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q116

Sec. 64 tax credit for profit on debt of the ITO 2001 for the tax year 2026 has been omitted by:

  • A) Finance Act 2014
  • B) Finance Act 2017
  • C) Finance Act 2016
  • D) Finance Act 2015
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q117

Mr. X, employed in Pakistan, earned a pension from the Pakistan Government but received it in London of Rs. 100,000. Which of the following statements is right for this scenario?

  • A) Mr. X being resident of Pakistan Rs. 100,000 will be added in total income after tax
  • B) Mr. X being resident of Pakistan Rs. 100,000 will be added in Gross total income
  • C) Mr. X being non-resident of Pakistan Rs. 100,000 will be exempted
  • D) Mr. X being resident of Pakistan Rs. 100,000 will be subtracted in Gross total income
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q118

Pension granted to a public servant or personnel of the Armed Forces on injuries or body disability for the tax year 2026 is:

  • A) Fully exempt
  • B) Partially taxable
  • C) Partially exempt
  • D) Fully taxable
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
FIN623 Final Term Unsolved
Q119

Mr. A earned a basic salary of Rs. 300,000, a commission of Rs. 200,000 and a bonus of Rs. 100,000 during the year. Which of the following is the tax liability of Mr. A for the tax year 2026?

  • A) Rs. 22,000
  • B) Rs. 0
  • C) Rs. 12,500
  • D) Rs. 20,000
Answer abhi available nahi — is question ka AI/admin se answer milne ka intezar hai.
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