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Public Finance Quiz 9 (30 MCQs)

Quiz Instructions

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1. Decreasing tax on locally made goods is a way of
2. ..... is any lawful economic activity concerned with the production and/or distribution of goods or services for profit.
3. Which word of the following description most closely matches? "Government policy including government revenue public expenditure and public debt that must be processed to achieve economic goals."
4. The benefits received principle dictates that taxes .....
5. Aggregate collection of income with the government through various sources.
6. The government's decision based on the power of supply meets which of the following indicators?
7. The Obligatory function of the Government:
8. Obligatory function is the only function of the government.
9. 4-monetary policy means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
10. Expansionary fiscal policies lead to ..... spending.
11. G.S.T is a comprehensive ..... tax on manufacture
12. I'm short of money, can you ..... me some?
13. Money owed, usually as a result of borrowing.
14. If burden of the tax is not transferable to consumer it is known as
15. Which is not a method for establishing a state enterprise?
16. How many people are there in the Monetary Policy Committee (MPC)?
17. Money paid by the government to sb who doesn't work
18. When the House & Senate pass different versions of a budget, they must meet in a ..... to create a unified plan to vote on and submit to the President.
19. The value of money is its purchasing power
20. Budget consists of
21. ..... is the vehicle by which allocation policy decisions are established
22. How come, even though that there is more than enough money in the world to finance the SDGs, there is an apparent lack of funding for financing the SDGs of developing countries:
23. He define public finance as the provision, distribution and governance of resources which are required to perform the governmental functions
24. Every year the Economic Survey is compiled by:
25. "Fiscal policy in which the government increases government spending by creating a deficit budget. and reduce the amount of tax collection The implementation of such fiscal policy causes the economic system to expand. Employment will be created and national income will increase." Which of the following is most true?
26. Which of the following descriptions is correct? "It's using various tools to make the money supply smaller. It is often used in cases where the economic system has problems such as inflation, the economy is expanding too much, or people are spending more than the production capacity of the economy."
27. What are the important duties of the central bank to financial institutions and the banking system?
28. A technique of reducing or forgoing one or more desirable outcomes in exchange for increasing or obtaining other desirable outcomes in order to maximize the total return or effectiveness under given circumstances.
29. Which of the following is an element of public revenue?
30. Which statement is correct regarding the budget of the Ministry of Defense and the budget of the Ministry of Public Health?
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