This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of these is not included as the canons of taxation? A) Equity. B) Simplicity. C) Compactibility. D) Economy. Show Answer Correct Answer: C) Compactibility. 2. Taxes that are imposed directly on the taxpayer A) Direct Taxes. B) Indirect Taxes. Show Answer Correct Answer: A) Direct Taxes. 3. An Act provides access to the full spectrum of healthcare by enrolling citizens in the National Insurance Program and granting health coverage to all. A) Republic Act No. 11221. B) Republic Act No. 11222. C) Republic Act No. 11223. D) Republic Act No. 11224. Show Answer Correct Answer: C) Republic Act No. 11223. 4. Which of the following is a positive consequence of effective taxation? A) Increased government corruption. B) Decreased public debt. C) Increased economic inequality. D) Improved public goods and services. Show Answer Correct Answer: D) Improved public goods and services. 5. Social assistance is purely a government affair while social insurance is partly financed by the State. A) False. B) True. C) Maybe. D) Sometimes. Show Answer Correct Answer: B) True. 6. What is the meaning of the Thai fiscal year? A) Starting on October 1 of a calendar year. and ends on September 30 of the next calendar year. B) Starting on January 1 of a calendar year. and ends on December 31 of that calendar year. C) Starting on 1 May of a calendar year. and ends on April 30 of the next calendar year. D) Starting on the date of the Cabinet resolution. and ended in 12 months. Show Answer Correct Answer: A) Starting on October 1 of a calendar year. and ends on September 30 of the next calendar year. 7. What does VAT or Value Added Tax stand for? A) Velocity Aim Tax. B) View Arm Tax. C) Value Added Tax. D) Vow Add Tax. Show Answer Correct Answer: C) Value Added Tax. 8. Which of the following is not a type of direct tax A) Sales and Service Tax. B) Income Tax. C) Petroleum taxes. D) Corporate Taxes. Show Answer Correct Answer: A) Sales and Service Tax. 9. People who get unemployment benefits are ..... the dole. A) At. B) On. C) With. D) By. Show Answer Correct Answer: B) On. 10. It is one of the section of the balance sheet shows the interest of the owner or owners in the company. A) NET WORTH. B) LIABILITIES. Show Answer Correct Answer: A) NET WORTH. 11. Q2) The increase in the activities of the government cause: A) A-Increase in the expenditures and decrease in revenues. B) Increase in the expenditures and revenues. C) Not effect to both expenditures and revenues. D) Both expenditures and revenues decrease. Show Answer Correct Answer: B) Increase in the expenditures and revenues. 12. Fiscal policy corresponds to which English word? A) Tax Policy. B) Fiscal Policy. C) Economic Policy. D) Monetary Policy. Show Answer Correct Answer: B) Fiscal Policy. 13. A budget surplus can be achieved by ..... A) Open market operation. B) Increasing government expenditure and decrease tasationby the same amount. C) Increasing income taxes. D) Increasing government development expenditures. Show Answer Correct Answer: C) Increasing income taxes. 14. The country's financial deficit can reach 9.34% of GDP A) Of. B) No. Show Answer Correct Answer: B) No. 15. The government imposes higher rate of taxes on A) High income group. B) Low income group. C) Medium income group. D) All of these. Show Answer Correct Answer: A) High income group. 16. When money supply increase price level also increases A) True. B) False. Show Answer Correct Answer: A) True. 17. Which of these is not an item of government revenue? A) Tolls. B) Loans. C) Grants. D) Salaries. Show Answer Correct Answer: D) Salaries. 18. Sth that is not worth what you pay for it A) Ripp-off. B) Bargain. C) Fee. D) Fare. Show Answer Correct Answer: A) Ripp-off. 19. Banks:internal debt:: ..... :external debts. A) Central bank. B) Financial institute within country. C) World bank. D) None of above. Show Answer Correct Answer: C) World bank. 20. A good is ..... if a person can be prevented from using it. A) EXCLUDABLE. B) RIVALRY. C) NON-EXCLUDABLE. D) NATURAL GOODS. Show Answer Correct Answer: A) EXCLUDABLE. ← PreviousNext →Related QuizzesPublic Finance Quiz 1Public Finance Quiz 2Public Finance Quiz 3Public Finance Quiz 4Public Finance Quiz 5Public Finance Quiz 6Public Finance Quiz 8Public Finance Quiz 9Public Finance Quiz 10Public Finance Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books