This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 12 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Scope of public finance A) 1. National budget 2. Revenue 3. Loans 4. Treasury balance. B) 1. National budget 2. Revenue 3. Expenses 4. Public debt. C) 1. Government budget 2. Imports 3. Taxes 4. Public debt. D) 1. Loans 2. Income 3. Exports 4. Public debt. Show Answer Correct Answer: B) 1. National budget 2. Revenue 3. Expenses 4. Public debt. 2. Deficit financing leads to A) Rise in prices. B) Fall in prices. C) Control on prices. D) None of these. Show Answer Correct Answer: A) Rise in prices. 3. In the equation Y = C + I + G + (X-M), the letter G corresponds to which of the following? A) Government spending. B) Private sector investment. C) Private consumption. D) Gross domestic product. Show Answer Correct Answer: A) Government spending. 4. Which of the following is an example of mandatory spending? A) Defense spending. B) Infrastructure spending. C) Interest payments on public debt. D) Social security benefits. Show Answer Correct Answer: D) Social security benefits. 5. There are many different types of non-tax income. But which one is not? A) Income from the sale of goods and services. B) State commercial income. C) Guarantee income. D) Income from fines. Show Answer Correct Answer: C) Guarantee income. 6. A deficit budget requires a State to ..... A) Spend less. B) Borrow money. C) Increase taxes. D) None of above. Show Answer Correct Answer: B) Borrow money. 7. Good budget principles Dr. Puey Ungphakorn offers in many ways. But which one is not? A) Principles of coordination of benefits (Interest). B) Principles of Foresight. C) Principles of Utility (Utility). D) Principles of Justice (Equity). Show Answer Correct Answer: A) Principles of coordination of benefits (Interest). 8. INPUT-OUTPUT AND IMPACT IS REPRESENTING A) OUTCOME BASE BUDGETING SYSTEM. B) TRADITIONAL BUDGETING SYSTEM. C) MODIFIED BUDGETING SYSTEM. D) PROGRAMME PERFORMANCE BUDGETING SYSTEM . Show Answer Correct Answer: D) PROGRAMME PERFORMANCE BUDGETING SYSTEM . 9. Debtor A) A bookkeeper. B) A creditor. C) An accountant. D) A debtor. Show Answer Correct Answer: D) A debtor. 10. The government withdraws its investment from its own industries.This is called A) Disinvestment. B) Capital investment. C) Public investment. D) Revenue investment. Show Answer Correct Answer: A) Disinvestment. 11. Scope of public finance includes A) Public revenue. B) Public debt. C) Public expenditure. D) All the options. Show Answer Correct Answer: D) All the options. 12. Irredeemable debt is known as ..... A) Perpectual debt. B) Funded. C) Unfunded. D) Compulsory. Show Answer Correct Answer: A) Perpectual debt. 13. Which is the main point on the basis of which public finance can be separated from private finance: A) Price policy. B) Borrowings. C) Secrecy. D) Elasticity in income. Show Answer Correct Answer: C) Secrecy. 14. What tax does the Customs Tariff correspond to? A) Excise tax. B) Customs duty. C) Internal Revenue Tax. D) VAT. Show Answer Correct Answer: B) Customs duty. 15. Which of the following is clearly inversely related? A) Money supply and inflation. B) Unemployment and interest rates. C) Money supply and interest rates. D) Exchange rate and unemployment. Show Answer Correct Answer: C) Money supply and interest rates. 16. These represent marketing, general, and administrative expenses. A) OPERATING EXPENSES. B) OTHER EXPENSES. Show Answer Correct Answer: A) OPERATING EXPENSES. 17. State enterprises correspond to which of the following in English? A) State Mechanism. B) Public Government. C) Public Enterprise. D) Business Government. Show Answer Correct Answer: C) Public Enterprise. 18. A zero Budget is also known as A) Deficit budget. B) Surplus budget. C) Limited budget. D) Balanced budget. Show Answer Correct Answer: D) Balanced budget. 19. Which of the following is the primary objective of public finance? A) Maximize profits for businesses. B) Maximize social welfare. C) Maximize shareholder wealth. D) Maximize economic growth. Show Answer Correct Answer: B) Maximize social welfare. 20. What is the total budget for fiscal year 2022? A) 3.1 trillion baht. B) 3.25 trillion baht. C) 3.3 trillion baht. D) 3.4 trillion baht. Show Answer Correct Answer: A) 3.1 trillion baht. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books