This quiz works best with JavaScript enabled. Home > Finance > Public Finance > Public Finance – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Budget deficit is calculated by A) Total Revenue %Total Expenditure. B) Total Revenue +Total Expenditure. C) Total Revenue-Total Expenditure. D) Total Revenue* Total Expenditure. Show Answer Correct Answer: C) Total Revenue-Total Expenditure. 2. The finances of the government, which gives a complete picture of the government's income, expenditure, and debt management is called A) Public finance. B) Private finance. C) Personal finance. D) Corporate finance. Show Answer Correct Answer: A) Public finance. 3. People's deposits at financial institutions Combined with which symbol is equal to M3? A) M1. B) M0. C) One hundred. D) What. Show Answer Correct Answer: D) What. 4. Taxes on consumption (or use) ..... could be ..... A) Sales taxes. B) Excises taxes. C) All relate to taxes on consumption!. D) Value-added taxes. Show Answer Correct Answer: C) All relate to taxes on consumption!. 5. Which tax is an indirect tax that is collected only from the consumption of specific goods or services, such as alcoholic beverages, etc.? A) Internal Revenue Tax. B) Customs duty. C) VAT. D) Excise tax. Show Answer Correct Answer: D) Excise tax. 6. A budget allows the government to regulate the imposition of taxes in various sectors. Investment and expenditure are some of the most prominent factors contributing to the growth of a nation's economy. A) Proper resource pool allocation. B) Ensuring economic growth. C) Growth of business and trading. D) Mitigating economic divide. Show Answer Correct Answer: B) Ensuring economic growth. 7. A higher tax is imposed on luxury goods and services used by the rich; and a lower tax on goods and services used by the common people. This is called as A) Progressive Taxation. B) Low income group. C) Medium income group. D) High income group. Show Answer Correct Answer: A) Progressive Taxation. 8. There are at least how many causes of the inflation problem? A) 4 things. B) 3 things. C) 2 things. D) 1 thing. Show Answer Correct Answer: C) 2 things. 9. Which Secretary of the Treasury of the United States is the owner of the statement? "If there is an appropriate amount of public debt, it will be a national blessing." (National Blessing) A) Alexander Hamilton. B) Thomas Robert Malthus. C) Adam Smith. D) John Maynard Keynes. Show Answer Correct Answer: A) Alexander Hamilton. 10. A balanced budget often requires a state to over spend. A) False. B) True. Show Answer Correct Answer: A) False. 11. Which of the following definitions corresponds to this? "The amount of money that commercial banks can lend to increase the amount of money entering the economy." A) Cash reserves according to the central bank account. B) Excess cash reserves. C) Legal cash reserve. D) Total cash reserves. Show Answer Correct Answer: B) Excess cash reserves. 12. Principles of Public Debt Management include all of the following EXCEPT: A) Raise the required amount of funding. B) Efficient market for government securities. C) No risk management practices are not necessary. D) Ensure that both the level and rate of growth in their public debt are on a sustainable path. Show Answer Correct Answer: C) No risk management practices are not necessary. 13. Direct tax consists of A) Personal income tax. B) Corporate tax. C) Stamp duty. D) All of these. Show Answer Correct Answer: D) All of these. 14. Which bank made a good business on the French indemnification after Napoleon? A) Rotschild. B) Lloyds. C) Barings. D) Bank of England. Show Answer Correct Answer: C) Barings. 15. When Es> Ed, more incidence is on A) Buyers. B) Sellers. C) Government. D) None of these. Show Answer Correct Answer: A) Buyers. 16. Resource allocation A) Focus on destroying resources that do not affect the market. to achieve maximum efficiency. B) Focus on cultivating awareness So that people can use resources wisely. C) Focus on allocating limited resources To be used with maximum efficiency. D) All correct. Show Answer Correct Answer: C) Focus on allocating limited resources To be used with maximum efficiency. 17. Which one of the following is not a type of deficit finance? A) Primary deficit. B) Budget defecit. C) Revenue deficit. D) Capital defecit. Show Answer Correct Answer: D) Capital defecit. 18. MSMEs with a loan value of more than IDR 500 million to IDR 10 billion are NOT entitled to a credit stimulus A) Salah. B) Correct. Show Answer Correct Answer: A) Salah. 19. Which is not a method of government borrowing? A) Making a loan contract. B) Issuance of money insurance tickets. C) Issuing treasury bills. D) Issuance of bonds. Show Answer Correct Answer: B) Issuance of money insurance tickets. 20. Which office proposes using State Mechanism to intervene in the economy, clearly with the goal of economic stability? A) Classical school. B) Keynesian school. C) Bureau of State Mechanisms. D) Neoclassical school. Show Answer Correct Answer: B) Keynesian school. 21. Refers to the amount of money circulating in the economy at any one time. A) Aggregate Demand. B) Monetary Policy. C) Money Supply. D) Demand Supply. Show Answer Correct Answer: C) Money Supply. 22. It deals about the contracts intended to be implemented for the fiscal year should be fully delivered by the end of the fiscal year A) ANNUAL CASH-BASED BUDGETING. B) OBLIGATION-BASED BUDGETING. Show Answer Correct Answer: A) ANNUAL CASH-BASED BUDGETING. 23. Will you pay ..... cash or by card? A) With. B) By. C) In. D) On. Show Answer Correct Answer: C) In. 24. Identify which doesn't belongs to group A) Corporate tax. B) Personal Income tax. C) Import-export taxes. D) Wealth tax. Show Answer Correct Answer: C) Import-export taxes. 25. Which is not related to the issue of cash reserves of commercial banks? A) Legal cash reserve. B) Excess cash reserves. C) Cash reserve difference. D) Total cash reserves. Show Answer Correct Answer: C) Cash reserve difference. 26. Which is not a type of income for local government organizations? A) Local income is collected by yourself. B) Income from donations. C) Government income is shared. D) Government revenue collected. Show Answer Correct Answer: B) Income from donations. 27. Which statement most accurately describes Keynesian economic management? A) Supply Management. B) Demand and Supply Management. C) Market Mechanism Management. D) Demand Management. Show Answer Correct Answer: D) Demand Management. 28. Unemployment corresponds to which English word? A) Liquidity trap. B) Unemployment. C) Employment. D) Productivity. Show Answer Correct Answer: B) Unemployment. 29. Which of the following is not a thinker in the Neoclassical school? A) Alfred Marshall. B) William Jevons. C) David Ricardo. D) Karl Menger. Show Answer Correct Answer: C) David Ricardo. 30. Which of the following is an example of how tax policy can affect the distribution of income and wealth in the Philippines? A) Implementing progressive taxation to reduce income inequality. B) Offering tax incentives that benefit only large corporations and wealthy individuals. C) Increasing taxes on basic necessities that disproportionately affect low-income households. D) All of the above. Show Answer Correct Answer: A) Implementing progressive taxation to reduce income inequality. ← PreviousNext →Related QuizzesFinance QuizzesPublic Finance Quiz 1Public Finance Quiz 2Public Finance Quiz 3Public Finance Quiz 4Public Finance Quiz 5Public Finance Quiz 7Public Finance Quiz 8Public Finance Quiz 9Public Finance Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books