CAF-2 · Chapter 2 · Question 2 of 15
According to the Constitution of Pakistan, all revenues received and loans raised by the Federal Government shall form part of:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) The Federal Consolidated Fund
Explanation
All revenues received by the Federal Government, all loans raised, and all monies received in repayment of any loan form part of the Federal Consolidated Fund.
More Constitutional Provisions on Taxes MCQs
- Q4Which of the following is NOT an expenditure charged upon the Federal Consolidated Fund?
- Q5The statement of the estimated receipts and expenditure of the Federal Government for a financial year, laid before the National Assembly…
- Q6Who is required by the Constitution to authenticate the schedule of authorized expenditure by his/her signature?
- Q7Who has the constitutional authority to constitute the National Finance Commission (NFC) at intervals not exceeding five years?
- Q8Which of the following is a primary duty of the National Finance Commission?