This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Unemployment corresponds to which English word? A) Employment. B) Unemployment. C) Productivity. D) Liquidity trap. Show Answer Correct Answer: B) Unemployment. 2. 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. 3. 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. 4. The government manages public finance through A) Fiscal finance. B) Monetary policy. C) Public finance. D) Trade finance. Show Answer Correct Answer: A) Fiscal finance. 5. Which of these is not an example of recurrent expenditure? A) Wages. B) Salaries. C) Bridge construction. D) Maintenance of railways. Show Answer Correct Answer: C) Bridge construction. 6. It is the process that requires clearly defined city priorities and goals, an understanding of performance measurement, and dedicated staff and city resources. A) Budgeting. B) Implementing performance-based budgeting. Show Answer Correct Answer: B) Implementing performance-based budgeting. 7. Result reward A) Commission. B) Remuneration. C) Bonus. D) Perks. Show Answer Correct Answer: A) Commission. 8. To take money out of the bank to use A) Deposit. B) Withdrawal. C) Cost. D) Spending. Show Answer Correct Answer: B) Withdrawal. 9. Which is not a benefit from the strong baht? A) Importers reduce the cost of importing products because the prices of foreign products are lower. B) People can buy goods and services from abroad more cheaply. C) Investors can import capital goods more cheaply, such as machinery and various equipment. D) People working abroad Bring income in foreign currency to exchange for more baht. Show Answer Correct Answer: D) People working abroad Bring income in foreign currency to exchange for more baht. 10. Surcharge taxes correspond to which of the following? A) Tax revenue collected by the government. B) Local income collected by itself. C) Income shared by the government. D) Special subsidy. Show Answer Correct Answer: A) Tax revenue collected by the government. 11. MV = PQ corresponds to which of the following names? A) Equation of exchange. B) Equation of price. C) Equation of market. D) Equation of money supply. Show Answer Correct Answer: A) Equation of exchange. 12. Monetary Policy is a regulatory policy by which the ..... or monetary authority of a country controls the supply of money, availability of bank credit and cost of money that is the rate of interest: A) Central Bank (RBI). B) SBI. C) IBA. D) None of These. Show Answer Correct Answer: A) Central Bank (RBI). 13. The federal debt is the sum of the debt held by the public plus ..... A) The debt held by foreign investors. B) The debt held by Federal Reserve. C) The debt held by domestic investors. D) The debt held by federal accounts. Show Answer Correct Answer: D) The debt held by federal accounts. 14. Budget for internet quota subsidies for students and teachers/lecturers A) IDR 2.7 trillion. B) IDR 7.2 trillion. C) IDR 27 trillion. D) IDR 72 trillion. Show Answer Correct Answer: B) IDR 7.2 trillion. 15. Which of the following is an example of a government-owned corporation in the Philippines? A) San Miguel Corporation Corporation. B) PhilHealth. C) Ayala Corporation. D) SM Investments. Show Answer Correct Answer: B) PhilHealth. 16. The relation between debtor and creditor A) Obligation. B) Consoles. C) Floating debt. D) Maturity. Show Answer Correct Answer: A) Obligation. 17. Ability to pay (taxes) principle ..... A) People are motivated to pay taxes when they perceive that the money they pay to government is actually being used. B) It is a fair way to levy taxes since it does not result in one person receiving benefits at the expense of other person. C) Both are correct. D) Neither are correct. Show Answer Correct Answer: C) Both are correct. 18. What is deficit financing? A) Current revenue excess government expenditure. B) Government expenditure excess of its current revenue. Show Answer Correct Answer: B) Government expenditure excess of its current revenue. 19. Excise tax..... A) Tax burden depends on elasticity Inelastic vs. elastic. B) Efficiency loss/deadweight loss Transfer of surplus to government. C) Efficiency loss/deadweight loss. D) All are correct. E) Transfer of surplus to government. Show Answer Correct Answer: D) All are correct. 20. In an economy, total income must equal total spending. A) True. B) False. Show Answer Correct Answer: A) True. ← PreviousNext →Related 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 9Public Finance Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books