This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 27 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Study shows income is transferred to the poor. A) False. B) True. Show Answer Correct Answer: B) True. 2. The government withdraws its investment from its own industries is called A) Investment. B) Disinvestment. C) Privatisation of industries. D) Closure of industries. Show Answer Correct Answer: B) Disinvestment. 3. The statement that Thailand is a single state (Unitary State) appears as evidence confirmed by which section of the Constitution? A) Section 1. B) Section 2. C) Section 3. D) Section 4. Show Answer Correct Answer: A) Section 1. 4. What is the problem when commercial banks have money in the system but are unwilling to lend it to the private sector for fear of bad debt? A) Liquidity Trap. B) The money supply is stuck. C) Cutting off spending opportunities. D) Problems predicting the future. Show Answer Correct Answer: A) Liquidity Trap. 5. Which level of government is responsible for local public finance? A) Federal government. B) State government. C) Local government. D) International government. Show Answer Correct Answer: C) Local government. 6. What is the type of fiscal policy? A) Expansionary fiscal policy. B) Concentrated fiscal policy. C) Dilutive fiscal policy. D) Tight fiscal policy. Show Answer Correct Answer: A) Expansionary fiscal policy. 7. Means a feeling of belonging together. A) Community Sentiment. B) Locality. C) Society. D) Community . Show Answer Correct Answer: A) Community Sentiment. 8. Apart from taxes the government gets revenue from other sources. This is called as A) Revenue tax. B) Non-Tax revenue. C) Public revenue. D) Net revenue. Show Answer Correct Answer: B) Non-Tax revenue. 9. Businesses and enterprises look forward to the government budget as resources being allocated to various sectors are revealed. The government can encourage business owners to revise their policies accordingly and contribute to the country's economic prosperity. A) Proper resource pool allocation. B) Ensuring economic growth. C) Growth of business and trading. D) Mitigating economic divide. Show Answer Correct Answer: C) Growth of business and trading. 10. If trader transfer the burden to the consumer it is a feature ofa) Direct taxb) Tax revenuec) State taxd) Indirect taxAnswer:d) Indirect tax A) Direct tax. B) Tax revenue. C) State tax. D) Indirect tax. Show Answer Correct Answer: D) Indirect tax. 11. Which of the following is NOT a part of the public sector in the Philippines? A) Department of Education. B) Bureau of Internal Revenue. C) Jollibee Foods Corporation. D) Department of Health. Show Answer Correct Answer: C) Jollibee Foods Corporation. 12. Which of the following is an example of national public finance? A) Funding for a city park. B) Building a new school in a rural area. C) Developing a national transportation system. D) None of the above. Show Answer Correct Answer: C) Developing a national transportation system. 13. It is the study of how and under what conditions savings are allocated between lenders and borrowers A) PUBLIC FINANCE. B) FINANCE. Show Answer Correct Answer: B) FINANCE. 14. There are several types of non-tax income. But which one is not? A) Income outside the budget. B) Income from the sale of goods and services. C) State commercial income. D) Aid from abroad. Show Answer Correct Answer: A) Income outside the budget. 15. Which of the following statements is true about closed leagues? A) They restrict entry, creating a monopoly or oligopoly. B) They restrict entry creating a monopoly or Oligopoly. C) They increase the number of teams and enhance competition among them. D) They are uncommon outside the United States and are not found in European soccer leagues. Show Answer Correct Answer: A) They restrict entry, creating a monopoly or oligopoly. 16. In which budget scenario will the government moved to borrow? A) Surplus. B) Deficit. C) Zero. D) Balanced. Show Answer Correct Answer: B) Deficit. 17. Public finance is more elastic than private finance. A) Agree. B) Disagree. Show Answer Correct Answer: A) Agree. 18. Which of the following is a characteristic of the public sector in the Philippines? A) It is profit-driven. B) It is market-oriented. C) It is government-controlled. D) It is tax-exempt. Show Answer Correct Answer: C) It is government-controlled. 19. Which is not a principle regarding public spending (Cannon of Expenditure)? A) Principles of saving (Cannon of Economy). B) Canon of Benefit. C) Principles of Moderation (Canon of Sanction). D) Principles of Incremental Creation (Connon of Incremental). Show Answer Correct Answer: D) Principles of Incremental Creation (Connon of Incremental). 20. When the FRBMA was passed? A) 2002. B) 2013. C) 2003. D) 2012. Show Answer Correct Answer: C) 2003. ← 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