This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 41 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 41 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What type of tax do owners of land (or real estate), houses, or business property, pay this type of tax ..... A) Sales taxes. B) Property taxes. C) Tax incidence. D) Value-added taxes. Show Answer Correct Answer: B) Property taxes. 2. An increase in a budget surplus shows ..... fiscal policy A) Expansionary. B) Contractionary. Show Answer Correct Answer: B) Contractionary. 3. Tax incidenceWho really pays the tax? A) In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare. B) Economists distinguish between the entities who ultimately bear the tax burden and those on whom tax is initially imposed. C) All are correct. D) None of above. Show Answer Correct Answer: C) All are correct. 4. Who proposed the three-piston balloon model and theory? A) Adam Smith. B) David Ricardo. C) John Menard Keynes. D) Puey Ungphakorn. Show Answer Correct Answer: D) Puey Ungphakorn. 5. It provides a vehicle for translating educational goals and programs into financial resource plans-that is, developing an instructional plan to meet student performance goals should be directly linked to determining budgetary allocations A) BUDGETING. B) CAPITAL. Show Answer Correct Answer: A) BUDGETING. 6. The monetary base consists of banknotes and coins circulating in the hands of citizens and commercial banks. including deposits at financial institutions at the Bank of Thailand Corresponds to which of the following? A) M0. B) M1. C) What. D) With. Show Answer Correct Answer: A) M0. 7. PAP in budgeting stands for? A) Papanicolaou test. B) Program Activities projects. C) Pap smear. D) Project Activity Program. Show Answer Correct Answer: B) Program Activities projects. 8. Capitalization tax is a central government tax: A) True. B) False. Show Answer Correct Answer: B) False. 9. Which of the following is an example of a regressive tax? A) Property tax. B) Income tax. C) Sales tax. D) Excise tax. Show Answer Correct Answer: C) Sales tax. 10. Which is not compensation from factors of production? A) Deduction. B) Wages. C) Rent. D) Interest. Show Answer Correct Answer: A) Deduction. 11. The maximum Welfare Principle Of Budget Determination is associated with A) Hugh Dalton. B) Paul Samuelson. C) Hall and Hitch. D) Richard Musgrave. Show Answer Correct Answer: D) Richard Musgrave. 12. Before the 1997 economic crisis, what was the relationship between savings and investment? A) There is a savings gap. B) There is an investment gap. C) Over-investment occurred. D) There was an overflow of savings. Show Answer Correct Answer: A) There is a savings gap. 13. Parliament's budget work is open and apparent to citizens A) Balanced budget principle. B) Annuality principle. C) Transparency principle. D) None of above. Show Answer Correct Answer: C) Transparency principle. 14. The ..... is sent out each year by the company to its stockholders or members. A) Annual Report. B) Yearly Report. Show Answer Correct Answer: A) Annual Report. 15. The finance minister presents the central budget in the Lok Sabha in the month of A) April or March. B) January or December. C) January or February. D) February or March. Show Answer Correct Answer: D) February or March. 16. In considering the draft regulations for the annual budget of the Provincial Administrative Organization. If the council does not accept the principles or does not complete the consideration within 30 days, whose authority is it to propose to the Minister of Interior to dissolve the Provincial Administrative Organization Council? A) Director General of the Department of Local Administration Promotion. B) Chairman of the Provincial Administrative Organization Council. C) President of the Provincial Administrative Organization. D) Provincial governor. Show Answer Correct Answer: D) Provincial governor. 17. A budgetary scenario where a government decides to spend more than its proposed or anticipated future revenue for that period is known as A) Surplus budget. B) Excess budget. C) Deficit budget. D) Limited budget. Show Answer Correct Answer: C) Deficit budget. 18. Noah claimed that Deborah's payroll taxes went towards ..... A) Her school's upkeep. B) Her dad's salary. C) Road maintenance. D) None of above. Show Answer Correct Answer: B) Her dad's salary. 19. The following is an explanation of what? "Central banks buy or sell bonds in the open market. It is a very important financial tool. Because it affects changes in the bank's reserves. and interest rates" A) Increasing/decreasing the policy interest rate. B) Increasing/decreasing the legal cash reserve rate. C) Changes in the discount rate. D) Central Bank Securities Trading. Show Answer Correct Answer: D) Central Bank Securities Trading. 20. What taxes are collected from the income base? And it is a tax that the person liable to pay the tax must pay the tax themselves. Unable to pass the burden on to others A) VAT. B) Excise tax. C) Direct tax. D) Indirect taxes. Show Answer Correct Answer: C) Direct tax. ← 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