This quiz works best with JavaScript enabled. Home > Finance > Public Finance > Public Finance – Quiz 29 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 29 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the two types of grants A) 10.12. B) Idle, non idle. C) Debt, undebt. D) Plan, non plan. Show Answer Correct Answer: D) Plan, non plan. 2. The expenditure of the government on law and order is classified as ..... A) Productive expenditure. B) Unproductive expenditure. C) Capital Expenditure. D) None of the above. Show Answer Correct Answer: B) Unproductive expenditure. 3. Our tax money is spent on all of the following EXCEPT: A) Private Social Education. B) The military. C) Social Security. D) National Parks. Show Answer Correct Answer: A) Private Social Education. 4. Inflation is a problem in the economy. A) Economic stability. B) Economic growth. C) Economic inequality. D) Economic fairness. Show Answer Correct Answer: A) Economic stability. 5. In developing countries which type budjet that the government prepares? A) Deficit. B) Balanced. C) Development. D) Surplus. Show Answer Correct Answer: A) Deficit. 6. Which budget model emphasizes control? A) Listed budget. B) Performance-oriented budget. C) Planned budget. D) Zero-based budget. Show Answer Correct Answer: A) Listed budget. 7. Which of the following is a reason why taxation is relevant to economic development? A) It provides government revenues for investment in infrastructure. B) It promotes government corruption. C) It reduces economic inequality. D) It reduces government accountability. Show Answer Correct Answer: A) It provides government revenues for investment in infrastructure. 8. Which of the following is not related to the word Economic Stability? A) Economic equality. B) Unemployment. C) Payment deficit. D) Inflation. Show Answer Correct Answer: A) Economic equality. 9. Cess is an additional tax for meeting some special purpose ofgovernment. A) True. B) False. Show Answer Correct Answer: A) True. 10. An increasing rate of income tax structure is called a ..... A) Progressive tax. B) Proportional tax. C) Regressive tax. D) Rate tax. Show Answer Correct Answer: A) Progressive tax. 11. Access to social security involves five key elements:coverage, eligibility, affordability, participation and information, and physical access. Everyone should be covered by the State's social security system, particularly the most disadvantaged and marginalized groups, without discrimination on any prohibited ground. A) Availability. B) Social risks and contingencies. C) Adequacy. D) Accessibility. Show Answer Correct Answer: D) Accessibility. 12. The statement of estimated income and expenditure of a year prepared by the government is called A) Budget. B) Public revenue. C) Public finance. D) Public expenditure. Show Answer Correct Answer: A) Budget. 13. Redemtion means repayment of a debt A) True. B) False. Show Answer Correct Answer: A) True. 14. Which of the following is an example of a progressive tax? A) Property tax c. B) Excise tax. C) Sales tax. D) Income tax. Show Answer Correct Answer: D) Income tax. 15. A study that compares the costs and benefits of providing a public good. A) Public Goods. B) Research. C) Feasibility Study. D) Cots Benefit Analysis. Show Answer Correct Answer: D) Cots Benefit Analysis. 16. ..... deals with public revenues, public expenditures, public debt and their accounts A) PUBLIC FINANCE. B) BUSINESS FINANCE. Show Answer Correct Answer: A) PUBLIC FINANCE. 17. According to Mrs. Hicks, the exact reaction of tax payers or the economic repercussions can only be understood through the concept of ..... A) Indirect money burden. B) Direct money burden. C) Formal incidence. D) Effective incidence. Show Answer Correct Answer: D) Effective incidence. 18. The satisfaction a consumer derives from the consumption of additional unit of a commodity is called ..... utility A) Place. B) Total. C) Average. D) Marginal. Show Answer Correct Answer: D) Marginal. 19. Whose work is this book? "The General Theory of Employment, Interest and Money" was first published in 1936. A) Adam Smith. B) Puey Ungphakorn. C) John Menard Keynes. D) Alfred Marshall. Show Answer Correct Answer: C) John Menard Keynes. 20. Which of the following is a finance role of local public finance? A) Providing basic public services like education and healthcare. B) Managing the national debt. C) Regulating the stock market. D) All of the above. Show Answer Correct Answer: A) Providing basic public services like education and healthcare. 21. The Thai government's income generally consists of the following main income sources. But which one is not? A) Income from the central budget. B) Various taxes. C) Selling things and services. D) State commercial income. Show Answer Correct Answer: A) Income from the central budget. 22. A plan of financial operation composed of estimate or proposed expenditure for a given period or purposed and the proposed means of financing them. A) Funds. B) Accountability. C) Expenditure. D) Budget. Show Answer Correct Answer: D) Budget. 23. We took out a 30-year ..... to buy our house. A) Income. B) Fare. C) Mortgage. D) Refund. Show Answer Correct Answer: C) Mortgage. 24. States' social security systems should provide for the coverage of the following nine principal branches:health care; sickness; old age; unemployment; employment injury; family and child support; maternity; disability; and survivors and orphans. A) Availability. B) Social risks and contingencies. C) Adequacy. D) Accessibility. Show Answer Correct Answer: B) Social risks and contingencies. 25. Which of the following definitions most closely matches this? "Cash or cash equivalents available to the government for expenditures in government operations. It is the remaining revenue from spending that the government collects at each moment." A) Reserve fund. B) Treasury. C) Government money. D) Accumulated remaining money. Show Answer Correct Answer: B) Treasury. 26. A rational consumer aims at A) Enjoying himself. B) Maximizing profit. C) Increasing output. D) Maximizing utility. Show Answer Correct Answer: D) Maximizing utility. 27. Capital receipts is that receipts of the Government- A) Creats a liability. B) Reduce the assets. C) Both (1) and (2). D) None. Show Answer Correct Answer: C) Both (1) and (2). 28. If the manufacturer cannot bear the burden of higher costs. It will cause manufacturers to adjust the prices of goods and services higher as well. This characteristic is most consistent with which of the following ideas? A) Demand-Pull Inflation. B) Supply-Pull Inflation. C) Supply-Push Inflation. D) Cost-Push Inflation. Show Answer Correct Answer: D) Cost-Push Inflation. 29. What type of product is cable television? A) Member only products. B) Private goods. C) Semi-private, semi-public goods. D) Public goods. Show Answer Correct Answer: A) Member only products. 30. Which of the following is a component of government debt? A) Tax revenues. B) Transfer. C) Public savingspayments. D) Budget deficit. Show Answer Correct Answer: D) Budget deficit. ← 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