This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 35 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 35 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the name of institution which is responsible for the control of the budget implementation and execution central level? A) Supreme Audit Office. B) Superior Audit Office. C) The Council of Ministers. D) None of above. Show Answer Correct Answer: A) Supreme Audit Office. 2. Businesses pay taxes on their ..... A) Net gains. B) Profits. C) Overall sales. D) None of above. Show Answer Correct Answer: B) Profits. 3. Which of the following is an example of discretionary spending? A) Interest payments on public debt. B) Public safety spending. C) Social security benefits. D) Debt servicing. Show Answer Correct Answer: B) Public safety spending. 4. If you have paid too much tax, you should get a rebate A) Diabetes. B) Rebate. C) Debate. D) Purchase. Show Answer Correct Answer: B) Rebate. 5. Choose the correct answer:What is BOT? A) A BOT project is a contract signed between a competent state agency and an investor to build infrastructure works. B) BOT is a project with 100% state capital. C) BOT is an economic construction and business transfer project contract. D) Both A and C are correct. Show Answer Correct Answer: D) Both A and C are correct. 6. Who has the right to introduce legislation concerning a Budget, an Intermin Budget and amendments to the Budget? A) The Prime Minister. B) The President. C) The Parliament. D) The Council of Ministers. Show Answer Correct Answer: D) The Council of Ministers. 7. Refers to not a group of people but to the complex pattern of the norms of interaction that arise among them. A) Socialization. B) Society. C) Community. D) Individual. Show Answer Correct Answer: B) Society. 8. An automatic stabilization mechanism appears in each of the following cases, but which one is not? A) In the case of inequality. B) Unemployment case. C) Inflation case. D) In the case of payment deficit. Show Answer Correct Answer: A) In the case of inequality. 9. Which of the following is not a component of Public finance A) Public Debt. B) Public Expenditure. C) Public Finance. D) Public Revenue. Show Answer Correct Answer: C) Public Finance. 10. A ..... is an economic term for the division of a tax burden between buyers and sellers A) Sales taxes. B) Excises taxes. C) Tax incidence. D) Value-added taxes. Show Answer Correct Answer: C) Tax incidence. 11. The ability-to-pay principle supports ..... A) Making taxes affordable. B) Everyone paying the same taxes. C) Making taxes low. D) None of above. Show Answer Correct Answer: A) Making taxes affordable. 12. If the economic situation is sluggish, what type of budget should be created? A) Balanced budget. B) Budget surplus. C) Budget relaxation. D) Budget deficit. Show Answer Correct Answer: D) Budget deficit. 13. Revenue from toddy shops is a revenue of A) Federal Government. B) State Government. C) Local Government. D) Federal Territories. Show Answer Correct Answer: B) State Government. 14. Work process that contributes to the implementation of a program or sub-program or project? A) Output. B) Activity. C) Program. D) Outcome. Show Answer Correct Answer: B) Activity. 15. Which of the following definitions corresponds to this? "Foreign assets held by the Bank of Thailand include gold, special drawing rights. Assets contributed to the International Monetary Fund Foreign assets held in the form of foreign deposits and securities maintained by the central bank." A) International reserves. B) International balance of payments. C) Treasury. D) Current account money. Show Answer Correct Answer: A) International reserves. 16. Usually what is used is the tax base. It is often used as a measure of an individual's ability to pay taxes. Which of the following is not a type of tax base? A) Tax base on spending. B) Tax base on income. C) Consumption tax base. D) Wealth tax base. Show Answer Correct Answer: A) Tax base on spending. 17. It presents goodwill, patents, copyright which are attributed to the firm. A) Intangible Assets. B) Tangible Assets. Show Answer Correct Answer: A) Intangible Assets. 18. Which of the following is not an example of the direct tax? A) Income tax. B) Property tax. C) Excise duties. D) Corporate tax. Show Answer Correct Answer: C) Excise duties. 19. The following are the economic functions of government. But which one is not? A) Building stability. B) Creating growth. C) Income distribution. D) Resource allocation. Show Answer Correct Answer: A) Building stability. 20. During the government of General Prayut Chan-ocha has the public debt ceiling been adjusted from 60 percent of GDP to what percentage in order to increase fiscal space? A) 65 percent to GDP. B) 70 percent to GDP. C) 75 percent to GDP. D) 80 percent to GDP. Show Answer Correct Answer: B) 70 percent to GDP. ← 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