What does the acronym PRA stand for in Pakistan?
Show answer Hide answer
Answer: B. Punjab Revenue Authority
Explanation
In the context of taxation and regional revenue collection, PRA stands for the Punjab Revenue Authority. This provincial body is responsible for levying and collecting sales tax on services within the province. It plays a crucial role in enhancing domestic resource mobilization and provincial financial autonomy. Provincial revenue authorities were established under fiscal reforms to streamline tax collection mechanisms locally. Collecting taxes on services provides regional governments with independent funds for development projects. Modern digital portals introduced by these authorities have simplified filing procedures for registered taxpayers.
Efficient tax administration reduces reliance on federal transfers and promotes fiscal responsibility at the provincial level. Business owners must comply with provincial tax laws to avoid financial penalties and legal audits. Strengthening revenue authorities is vital for funding public education, healthcare, and infrastructure improvements. Option A suggests Pakistan Revenue Authority, which confuses a provincial agency with a federal tax body. Option C proposes Public Revenue Authority, which is a generic term not used in official administrative titles. Option D is incorrect because the accurate institutional name is featured prominently in the options.
- Subject
- Pakistan Studies
- Category
- Pakistan Studies
- Topic
- —
- Difficulty
- medium
Related questions
Q1. In which year was the UGC transformed into the HEC_______?
Show answer Hide answer
Answer: B. 2002
Higher education reforms in 2002 officially transformed the old University Grants Commission into the HEC. The government restructured the regulatory body, replacing the UGC with the Higher Education Commission in 2002....
Q2. Which ruler was associated with the title Hazrat-i-Ala?
Show answer Hide answer
Answer: D. Sher Shah Suri
Sher Shah Suri famously adopted the title Hazrat-i-Ala during his rise to power in northern India. This regal title reflected his growing authority before he established the Sur Empire. Historical chronicles record that...
Q3. What was the name of Sir Syed Ahmed Khan’s father?
Show answer Hide answer
Answer: C. Mir Muhammad Muttaqi
Sir Syed Ahmed Khan's father was Mir Muhammad Muttaqi, a notable noble with ties to the Mughal court. Biographical accounts of the reformer document his family lineage and his father's administrative background. Historic...
Q4. Which city is known as the city of lights?
Show answer Hide answer
Answer: D. Karachi
Cultural and popular terminology widely celebrates Karachi as the vibrant city of lights. The bustling metropolis of Karachi earned its iconic nickname due to its vibrant nightlife and commerce. Residents and visitors un...
Q5. What is the largest import commodity of Pakistan?
Show answer Hide answer
Answer: D. Petroleum
Petroleum products and crude oil constitute the largest import commodity category for Pakistan. The country relies heavily on foreign energy imports to meet domestic and industrial fuel demands. Trade statistics consiste...
Q6. What is the total area of Bajaur District__________?
Show answer Hide answer
Answer: A. 1290 sq.km
The total area of Bajaur District in Khyber Pakhtunkhwa is approximately 1,290 square kilometers. Geographical and land survey reports officially document this precise measurement for the district's territory. Administra...