Financial | MCQs

Explanation

"How much do houses cost where you live?"

Explanation

To manage and organize financial data is the primary purpose of a data bank in accounting.

Explanation

Financial pillar of Islam is Zakat.

Zakat is the 3rd fundamental pillar of Islam.

Zakat was made compulsory in 2 A.H but its complete system was imposed in the year of 8th hijrah.

The word Zakat occurs 32 times in the Holy Quran.

Explanation

The Reko Diq mine is located near Reko Diq town in Chagai District, Province of Balochistan.

It is one of the largest copper and gold mines in the world.

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The federal and Balochistan governments and two international firms — Antofagasta PLC and Barrick Gold Corporation 

have reached an agreement in principle on a framework to reconstitute the Reko Diq project, and a pathway for Antofagasta to exit the project.

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Which of the following court unfreezes PIA assets in the Reko Diq award case?

British Virgin Islands High court

Explanation

President Dr Arif Alvi on November 9, 2020 emphasized that elimination of corruption, enhancing efficiency, governance and taking care of the poor are the core areas which must be addressed for the development and progress of the country.

Explanation

according to the particular formula, Pakistan was entitled to receive 1 billion but the Indian government agreed to pay only  0.75 billion at the time of independence.

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Explanation

Explanation

The National Finance Commission (NFC) is a constitutional body in Pakistan that was created under Article 160 of the Constitution of 1973  

It makes recommendations for the financial allocation.

Explanation

Article 207 sets the limits and regulations concerning the expenses that candidates can incur during the election campaign.

Explanation

The Federal Board of Revenue (FBR) is responsible for the collection of major tax revenues in Pakistan.

Including income tax, sales tax, and customs duties.

It operates under the Ministry of Finance.