This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 25 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Price stability allows for prices to ..... A) Stay around the same. B) Rise frequently. C) Drop drastically. D) None of above. Show Answer Correct Answer: A) Stay around the same. 2. In which type of Budget expenditure is more than income. A) Balanced. B) Deficit. C) Surplus. D) Imbalnced. Show Answer Correct Answer: B) Deficit. 3. The government provides a large budget for salary subsidies A) 30.7 trillion rupiah. B) 37.7 trillion rupiah. C) 7.7 trillion rupiah. D) 3.7 trillion rupiah. Show Answer Correct Answer: B) 37.7 trillion rupiah. 4. Which of the following is an example of a Capital expenditure? A) Construction of MPH. B) Supply of medicine. C) Repairing of classrooms. D) Payment made to the labourers. Show Answer Correct Answer: A) Construction of MPH. 5. Choose the correct statement regarding Internal Debt! A) They are the loans availed by thegovernment from individuals and institutionswithin the country. B) They are the loans availed fromforeign governments and internationalinstitutions. Show Answer Correct Answer: A) They are the loans availed by thegovernment from individuals and institutionswithin the country. 6. ..... is a type of money that a country uses. A) Banknotes. B) Coins. C) Value. D) Currency. Show Answer Correct Answer: D) Currency. 7. Which government agency is responsible for collecting taxes in the Philippines? A) Department of Finance. B) Bureau of Internal Revenue. C) Bureau of Customs. D) Department of Budget and Management. Show Answer Correct Answer: B) Bureau of Internal Revenue. 8. The following symbols Which symbols are always opposite and different from other symbols? A) Money supply (M). B) Investment (I). C) Employment (E). D) Interest rate (R). Show Answer Correct Answer: D) Interest rate (R). 9. Which of the following is a national tax in the Philippines? A) Real property tax. B) Professional tax. C) Value-added tax. D) Community tax. Show Answer Correct Answer: C) Value-added tax. 10. The three components of Aspirational India include all of the following EXCEPT: A) Agriculture, Irrigation, and Rural Development. B) Wellness, Water, and Sanitation. C) Industrial Development. D) Education and Skills. Show Answer Correct Answer: D) Education and Skills. 11. Redistribution of income and wealth is the A) Transfer of income and wealth (including physical property) from some individuals to others. B) All are correct. C) Occurs by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. D) None of above. Show Answer Correct Answer: B) All are correct. 12. It is the major element of financial data activity that rests in the act. A) BUDGETING. B) PLANNING. Show Answer Correct Answer: A) BUDGETING. 13. Government generally impose higher taxes on rich, moderate taxes on the not-so-rich and exempt the poor from paying taxes. This principal of taxation is called ..... A) Progressive taxation policy. B) Heavy taxation policy. C) Direct taxation policy. D) Protective taxation policy. Show Answer Correct Answer: A) Progressive taxation policy. 14. Personal income tax is paid at the rate of 5-35 percent of net income. What are the characteristics of the tax rate? A) Fixed tax rate. B) Equal tax rate. C) Regressive tax rates. D) Progressive tax rate. Show Answer Correct Answer: D) Progressive tax rate. 15. Public Finance becomes an art when the outputs of science are used, learned and applied, or when common sense and practicability are put into use whenever public resources are generated, allocated and spent. A) True. B) False. Show Answer Correct Answer: A) True. 16. The monetary base corresponds to which of the following? A) One hundred. B) What. C) M1. D) M0. Show Answer Correct Answer: D) M0. 17. US Tax Structure is ..... A) Federal tax system is progressive. B) All are correct. C) The state and local tax structures are largely regressive. D) The overall U.S. tax system is progressive. Show Answer Correct Answer: B) All are correct. 18. The deficit financing has been proved to be a sucessful instrument of quick economic development. A) True. B) False. Show Answer Correct Answer: A) True. 19. Deficit Financing affects A) War. B) Consumption. C) Unemployment. D) Government control. Show Answer Correct Answer: B) Consumption. 20. Government revenue comes from A) Oil Fund + State Enterprises + National Budget. B) Money from government and private taxes. C) Income + loan + treasury. D) Money from donations at various temples. Show Answer Correct Answer: C) Income + loan + treasury. ← 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