This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 15 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The study of public finance also helps in analysis and evaluation of A) Personal policy. B) Corporate policy. C) Public policy. D) All of these. Show Answer Correct Answer: C) Public policy. 2. FRBMA states A) Fiscal Repeatability and Budget Management Act. B) Fiscal Repeatability and Budget Management Act. C) Fiscal Revenue and Budget Management Act. D) Fiscal Revenue and Budget deficit Management Act. Show Answer Correct Answer: A) Fiscal Repeatability and Budget Management Act. 3. Revenue deficit is calculated by A) Revenue receipt-Revenue Expenditure. B) Revenue receipt t + Revenue Expenditure. C) Revenue receipt * Revenue Expenditure. D) Revenue receipt % Revenue Expenditure. Show Answer Correct Answer: A) Revenue receipt-Revenue Expenditure. 4. GRANTS FOR STUDENTS in English are: A) Unemployment benefit. B) Social security. C) Student grants. D) Disability allowances. E) Pension. Show Answer Correct Answer: C) Student grants. 5. Which of the following is the purpose of transfer payments? A) Debt servicing. B) Tax refunds. C) Infrastructure spending. D) Social welfare programs. Show Answer Correct Answer: D) Social welfare programs. 6. Direct tax:Income::Indirect tax: ..... A) Property. B) Wealth. C) Goods & services. D) None of above. Show Answer Correct Answer: C) Goods & services. 7. What does the word Public Debt mean? A) Public debt. B) Public expenditure. C) Public finance. D) Public loan. Show Answer Correct Answer: A) Public debt. 8. The economist associated with the principle of Maximum Social Advantage is ..... A) Seligman. B) Samuelson. C) Dalton. D) Sweezy. Show Answer Correct Answer: C) Dalton. 9. The transactions version of the quantity theory of money was provided by the American economist Irving Fisher A) True. B) False. Show Answer Correct Answer: A) True. 10. Zero bases budgeting was first adopted by A) France. B) America. C) England. D) India. Show Answer Correct Answer: B) America. 11. Most transfer payments are ..... A) Government contracts. B) Entitlement programs. C) Military equipments. D) None of above. Show Answer Correct Answer: B) Entitlement programs. 12. In developing countries like India, the governments normally prepare ..... budget. A) Balanced budget. B) Surplus budget. C) Deficit budget. D) Financial budget. Show Answer Correct Answer: C) Deficit budget. 13. Local government organizations such as municipalities can be divided into 3 types, which ones are not? A) Metropolitan Municipality. B) Metropolitan Municipality. C) Municipality. D) Subdistrict Municipality. Show Answer Correct Answer: A) Metropolitan Municipality. 14. More money purchasing less goods and services means A) Deflation. B) Inflation. C) Stagflation. D) None of these. Show Answer Correct Answer: B) Inflation. 15. Public finance is not traditionally considered a branch of the field of economics with specific reference to legal and constitutional aspect of revenue sharing arrangements among spending government units. A) True. B) False. Show Answer Correct Answer: B) False. 16. Democratic Governments do not lead to increase in public expenditure. A) Agree. B) Disagree. Show Answer Correct Answer: B) Disagree. 17. I paid the assistant and took the books but then stupidly left the bookshop without waiting for my ..... A) Cash. B) Refund. C) Fee. D) Change. Show Answer Correct Answer: D) Change. 18. ..... are the expenditures of the government for the maintenance of the existing infrastructures, to maintain law and order, defence, etc A) Developmental expenditures. B) Capital expenditures. C) Non-Developmental expenditures. D) Current expenditures. Show Answer Correct Answer: D) Current expenditures. 19. Which of the following state enterprises lost the most in 2019? A) Zoo Organization. B) Thai Airways. C) State Railway of Thailand. D) Bangkok Mass Transit Authority. Show Answer Correct Answer: B) Thai Airways. 20. Erin couldn't buy her outfit because of ..... A) Sales taxes. B) Capital gains taxes. C) Excise taxes. D) None of above. Show Answer Correct Answer: A) Sales taxes. ← 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