This quiz works best with JavaScript enabled. Home > Finance > Public Finance > Public Finance – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 27 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a difference between public finance and private finance? A) Public finance is concerned with profit maximization, while private finance is concerned with public welfare. B) Public finance involves only government entities, while private finance involves only private entities. C) Public finance is primarily concerned with the stock market, while private finance is concerned with bond markets. D) Public finance is government-driven, while private finance is market-driven. Show Answer Correct Answer: D) Public finance is government-driven, while private finance is market-driven. 2. It is the major responsibility of the government to provide an economic environment that assures open market competition, economic growth, price stability, full employment and national development. A) Development. B) Allocation. C) Stabilization. D) Distribution. Show Answer Correct Answer: C) Stabilization. 3. WHICH ONE IS EXAMPLE OF INPUT IN PREPARING BUDGET FOR EDUCATIONAL SECTOR A) NUMBERS OF NEW LECTURES BUILDING. B) NUMBERS OF EMPLOYABILITY. C) NUMBERS OF UNSUCCESSFUL STUDENTS . D) NUMBERS OF STUDENTS GRADUATE. Show Answer Correct Answer: A) NUMBERS OF NEW LECTURES BUILDING. 4. What type of tax do owners of land (or real estate), houses, or business property, pay this type of tax ..... A) Property taxes. B) Value-added taxes. C) Sales taxes. D) Tax incidence. Show Answer Correct Answer: A) Property taxes. 5. An increase in a budget surplus shows ..... fiscal policy A) Expansionary. B) Contractionary. Show Answer Correct Answer: B) Contractionary. 6. Tax incidenceWho really pays the tax? A) In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare. B) Economists distinguish between the entities who ultimately bear the tax burden and those on whom tax is initially imposed. C) All are correct. D) None of above. Show Answer Correct Answer: C) All are correct. 7. Who proposed the three-piston balloon model and theory? A) David Ricardo. B) Adam Smith. C) John Menard Keynes. D) Puey Ungphakorn. Show Answer Correct Answer: D) Puey Ungphakorn. 8. It provides a vehicle for translating educational goals and programs into financial resource plans-that is, developing an instructional plan to meet student performance goals should be directly linked to determining budgetary allocations A) BUDGETING. B) CAPITAL. Show Answer Correct Answer: A) BUDGETING. 9. The monetary base consists of banknotes and coins circulating in the hands of citizens and commercial banks. including deposits at financial institutions at the Bank of Thailand Corresponds to which of the following? A) M0. B) What. C) M1. D) With. Show Answer Correct Answer: A) M0. 10. PAP in budgeting stands for? A) Project Activity Program. B) Pap smear. C) Program Activities projects. D) Papanicolaou test. Show Answer Correct Answer: C) Program Activities projects. 11. Capitalization tax is a central government tax: A) True. B) False. Show Answer Correct Answer: B) False. 12. Which of the following is an example of a regressive tax? A) Property tax. B) Excise tax. C) Income tax. D) Sales tax. Show Answer Correct Answer: D) Sales tax. 13. Which is not compensation from factors of production? A) Wages. B) Rent. C) Interest. D) Deduction. Show Answer Correct Answer: D) Deduction. 14. The maximum Welfare Principle Of Budget Determination is associated with A) Hugh Dalton. B) Paul Samuelson. C) Hall and Hitch. D) Richard Musgrave. Show Answer Correct Answer: D) Richard Musgrave. 15. Before the 1997 economic crisis, what was the relationship between savings and investment? A) There was an overflow of savings. B) There is a savings gap. C) There is an investment gap. D) Over-investment occurred. Show Answer Correct Answer: B) There is a savings gap. 16. Parliament's budget work is open and apparent to citizens A) Balanced budget principle. B) Annuality principle. C) Transparency principle. D) None of above. Show Answer Correct Answer: C) Transparency principle. 17. The ..... is sent out each year by the company to its stockholders or members. A) Annual Report. B) Yearly Report. Show Answer Correct Answer: A) Annual Report. 18. The finance minister presents the central budget in the Lok Sabha in the month of A) January or December. B) February or March. C) April or March. D) January or February. Show Answer Correct Answer: B) February or March. 19. In considering the draft regulations for the annual budget of the Provincial Administrative Organization. If the council does not accept the principles or does not complete the consideration within 30 days, whose authority is it to propose to the Minister of Interior to dissolve the Provincial Administrative Organization Council? A) Chairman of the Provincial Administrative Organization Council. B) Director General of the Department of Local Administration Promotion. C) President of the Provincial Administrative Organization. D) Provincial governor. Show Answer Correct Answer: D) Provincial governor. 20. A budgetary scenario where a government decides to spend more than its proposed or anticipated future revenue for that period is known as A) Deficit budget. B) Limited budget. C) Surplus budget. D) Excess budget. Show Answer Correct Answer: A) Deficit budget. 21. Noah claimed that Deborah's payroll taxes went towards ..... A) Her school's upkeep. B) Her dad's salary. C) Road maintenance. D) None of above. Show Answer Correct Answer: B) Her dad's salary. 22. The following is an explanation of what? "Central banks buy or sell bonds in the open market. It is a very important financial tool. Because it affects changes in the bank's reserves. and interest rates" A) Increasing/decreasing the legal cash reserve rate. B) Increasing/decreasing the policy interest rate. C) Changes in the discount rate. D) Central Bank Securities Trading. Show Answer Correct Answer: D) Central Bank Securities Trading. 23. What taxes are collected from the income base? And it is a tax that the person liable to pay the tax must pay the tax themselves. Unable to pass the burden on to others A) Direct tax. B) VAT. C) Indirect taxes. D) Excise tax. Show Answer Correct Answer: A) Direct tax. 24. A performance budget is one that reflects ..... for each unit of an organization. A) The input of resources. B) Both the input of resources and the output of services. C) The output of services. D) Neither the input of resources nor the output of services. Show Answer Correct Answer: B) Both the input of resources and the output of services. 25. External loans can be raised from: A) RBI. B) WTO. C) IMF. D) SBI. Show Answer Correct Answer: C) IMF. 26. The income mobilized by the government for purposes of financing the government's activities is called A) Operating revenue. B) Public revenue. C) Net revenue. D) Service revenue. Show Answer Correct Answer: B) Public revenue. 27. Finance is engaged in the buying and selling of goods and services are classified as those falling under commerce. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 28. It shows everything that the firm owns and which has a monetary value. A) Asset. B) Current Asset. Show Answer Correct Answer: A) Asset. 29. LOSS in English is: A) Lose. B) Lost. C) Loss. D) Losing. Show Answer Correct Answer: C) Loss. 30. In which of the following ways, can deficit in budget be financed? A) Borrowings from RBI. B) Borrowing from public. C) Borrowing from IMF. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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