Public Finance Quiz 23 (30 MCQs)

Quiz Instructions

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1. Identify an objective interdisciplinary team to evaluate budget requests and proposals and make recommendations based on the current fiscal year overview.
2. ..... are the people to whom the government delivers/serves with public goods and services
3. Which of the following is a local tax in the Philippines?
4. States must ensure that a social security system, however, composed, is available to provide benefits to address relevant impacts on livelihood. Such system must be administered or regulated by the State, and should be sustainable to provide continuity over generations.
5. What is the name of institution which is responsible for the control of the budget implementation and execution central level?
6. Businesses pay taxes on their .....
7. Which of the following is an example of discretionary spending?
8. If you have paid too much tax, you should get a rebate
9. Choose the correct answer:What is BOT?
10. Who has the right to introduce legislation concerning a Budget, an Intermin Budget and amendments to the Budget?
11. Refers to not a group of people but to the complex pattern of the norms of interaction that arise among them.
12. An automatic stabilization mechanism appears in each of the following cases, but which one is not?
13. Which of the following is not a component of Public finance
14. A ..... is an economic term for the division of a tax burden between buyers and sellers
15. The ability-to-pay principle supports .....
16. If the economic situation is sluggish, what type of budget should be created?
17. Revenue from toddy shops is a revenue of
18. Work process that contributes to the implementation of a program or sub-program or project?
19. Which of the following definitions corresponds to this? "Foreign assets held by the Bank of Thailand include gold, special drawing rights. Assets contributed to the International Monetary Fund Foreign assets held in the form of foreign deposits and securities maintained by the central bank."
20. Usually what is used is the tax base. It is often used as a measure of an individual's ability to pay taxes. Which of the following is not a type of tax base?
21. It presents goodwill, patents, copyright which are attributed to the firm.
22. Which of the following is not an example of the direct tax?
23. The following are the economic functions of government. But which one is not?
24. During the government of General Prayut Chan-ocha has the public debt ceiling been adjusted from 60 percent of GDP to what percentage in order to increase fiscal space?
25. " Public finance is concerned with the income and expenditure of public authorities with the adjestment of one to another" . was said by
26. ..... taxes are generally paid in lump sum for the whole year.
27. Which of the following is an example of an entitlement program?
28. This phase starts with a budget call and ends with president's submission of the proposed budget to Congress.
29. Which is not a duty of the Central Bank/Bank of Thailand?
30. Charged Expenditure is an expenditure that requires approval by the Parliament