This quiz works best with JavaScript enabled. Home > Finance > Public Finance > Public Finance – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 14 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. National income accounting tracks ..... A) Overall income. B) Rates of growth. C) Harvest production. D) None of above. Show Answer Correct Answer: A) Overall income. 2. The preamble of the Constitution presents the purpose to promote ..... A) Private institutions. B) General welfare. C) Freedom of religion. D) None of above. Show Answer Correct Answer: B) General welfare. 3. Which of the following taxes is imposed on the transfer of real property? A) Excise tax. B) Capital gains tax. C) Documentary stamp tax. D) Real property tax. Show Answer Correct Answer: B) Capital gains tax. 4. ..... expenditure does not yield any direct productive impact on the country. A) Developmental. B) Revenue. C) Capital. D) Non-developmental. Show Answer Correct Answer: D) Non-developmental. 5. Indirect Taxes are those whose burden ..... to others. A) Can be shifted. B) Cannot be shifted. Show Answer Correct Answer: A) Can be shifted. 6. It is the protection that society provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity, y or loss of a breadwinner. A) Social protection. B) Social Insurance. C) Social security. D) Social welfare. Show Answer Correct Answer: C) Social security. 7. Primary deficit is calculated by A) Fiscal deficit-Interest Payment. B) Fiscal deficit *Interest Payment. C) Fiscal deficit % Interest Payment. D) Fiscal deficit + Interest Payment. Show Answer Correct Answer: A) Fiscal deficit-Interest Payment. 8. In what economic situations does the policy of reducing the money supply apply? A) In the case of severe economic decline. B) In the case where the economy is stagnant. C) In the case where the economy expands greatly. D) In the case where the gross domestic product is negative. Show Answer Correct Answer: C) In the case where the economy expands greatly. 9. Which step of the budget process of a local government organization corresponds to the word Budget Adoption? A) Budget preparation. B) Budget approval. C) Budget management. D) Budget monitoring and evaluation. Show Answer Correct Answer: B) Budget approval. 10. It refers to the provision of money for commercial use. A) PUBLIC FINANCE. B) BUSINESS FINANCE. Show Answer Correct Answer: B) BUSINESS FINANCE. 11. What policy does the following steps involve? "The money supply is large-the spending is large-the GDP is large-the balloon is very tight-so the money supply must be reduced." A) Strict fiscal policy. B) Accommodative fiscal policy. C) Accommodative monetary policy. D) Strict monetary policy. Show Answer Correct Answer: D) Strict monetary policy. 12. ..... is levied on those commodities, the consumption of which is harmful to the health and well-being of the citizens. A) Special assessment. B) Special levy. C) Fees. D) Fines & penalties. Show Answer Correct Answer: B) Special levy. 13. 10-public finance try to Solving economic problems such as: A) Inflation. B) Unemployment. C) All of the above. D) Non of the above. Show Answer Correct Answer: C) All of the above. 14. The tax imposed on goods and services isa) Direct taxb) Tax revenuec) State taxd) Indirect taxAnswer:d) Indirect tax A) Indirect tax. B) Direct tax. C) State tax. D) Tax revenue. Show Answer Correct Answer: A) Indirect tax. 15. The Employment Act of 1946 was created to support ..... A) College graduates. B) Returning soldiers. C) Retired factory workers. D) None of above. Show Answer Correct Answer: B) Returning soldiers. 16. The amount of salary subsidy value that will be received A) IDR 600, 000 for 4 months, given all at once. B) IDR 600, 000 for 4 months, given every month. C) IDR 600, 000 for 4 months, given in two stages. D) IDR 600, 000 for 2 months, given all at once. Show Answer Correct Answer: C) IDR 600, 000 for 4 months, given in two stages. 17. How long is the issuance of treasury bills used for debt financing? A) Used for short-term loans of no more than 1 year. B) Used for medium-term debt creation not exceeding 10 years. C) Used for incurring debts with foreign governments. D) Used for long-term debt creation. Show Answer Correct Answer: A) Used for short-term loans of no more than 1 year. 18. The following are non-tax income. But which one is considered not? A) Income from the sale of goods and services. B) Direct and indirect income. C) State commercial income. D) Various miscellaneous income. Show Answer Correct Answer: B) Direct and indirect income. 19. Especially in times of fiscal constraint, performance-based budgeting helps cities focus on funding programs that advance progress on the determined goals and priorities. A) True. B) False. Show Answer Correct Answer: A) True. 20. Which of the following is an element of fiscal policy? A) Public expenditure. B) Public revenue. C) Public debt. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Financial policy of government that deals with public expenditure, revenue and public debt. A) Fiscal policy. B) Monetary policy. C) Taxation policy. D) None of above. Show Answer Correct Answer: A) Fiscal policy. 22. ..... is extra amount of pay given because you work in an area where it's expensive to live A) Weighting. B) Salary. C) Overtime. D) Commission. Show Answer Correct Answer: A) Weighting. 23. In this phase, the DBM monitors the efficiency of fund utilization, assess agency performance, and provides vital basis for reforms and new policies. A) Budget Accountability. B) Budget Preparation. C) Budget Authorization/Legislation. D) Budget Execution and Control. Show Answer Correct Answer: A) Budget Accountability. 24. One my colleague won half a million ..... the lottery. A) By. B) On. C) In. D) From. Show Answer Correct Answer: B) On. 25. According to the World Bank, in 2010 the world's combined GDP was approximately $ 63.4 trillion, with the five countries having the highest GDP. But which one is not? A) India. B) China. C) United States of America. D) Germany. Show Answer Correct Answer: A) India. 26. What is the role of fiscal policy in public finance? A) To regulate the money supply. B) To control the level of government expenditure. C) To regulate interest rates. D) To stabilize the economy through government spending and taxation. Show Answer Correct Answer: D) To stabilize the economy through government spending and taxation. 27. Which category of expenditure is classified as Capital Expenditure? A) Utilities category. B) Equipment, land and buildings category. C) Subsidy category. D) Compensation category Usability and materials. Show Answer Correct Answer: B) Equipment, land and buildings category. 28. Which statement is correct regarding the operating results in fiscal year 2019 as a whole of Thai state enterprises? A) There were 12 state enterprises that lost money. B) All state enterprises generate profits for the entire state. C) There are 50 profitable state enterprises. D) There were 9 state enterprises that lost money. Show Answer Correct Answer: A) There were 12 state enterprises that lost money. 29. What types of aspects are measured in the Public Finance criteria A) Quantitative. B) Qualitative. C) Quantitative and qualitative. D) National accounts. Show Answer Correct Answer: C) Quantitative and qualitative. 30. Which is an important indicator of economic equality? A) Poverty coefficient. B) Gini coefficient. C) Regression coefficient. D) Corrado coefficient. Show Answer Correct Answer: B) Gini coefficient. ← PreviousNext →Related QuizzesFinance QuizzesPublic Finance Quiz 1Public Finance Quiz 2Public Finance Quiz 3Public Finance Quiz 4Public Finance Quiz 5Public Finance Quiz 6Public Finance Quiz 7Public Finance Quiz 8Public Finance Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books