An assessment (Essay Question) for Fiscal Administration

This is very essential in conducting assessment for the students' learning on the fiscal administration and public finance.

1. Take a super deep breathe and Let’s Rock! Fiscal Administration Public Finance

2. 1. ______ refers to the income and outgo of the governments in the pursuit of national objectives.

3. 2. ______ refers to policies on taxation, and other revenue, expenditure, and borrowings which is intended to promote the stabilization and development of the economy.

4. 3. _____refer to all cash inflows of the national government treasury which are collected to support government expenditures but do not increase the liability of the NG.

5. 4. _____ is a compulsory contribution mandated by law and exacted by the government for a public purpose.

6. 5 and 6. What are the two major tax collecting agencies of the national government?

7. 7. ____ refer to all other impositions or collections of the government in exchange for services rendered, assets conveyed, penalties imposed, etc.

8. 8-11. What are the major classes of tax revenue?

9. 12. ____ is a plan of financial operation composed of estimate or proposed expenditure for a given period or purposed and the proposed means of financing them.

10. 13-16. Phases on Budgetary Process

11. 17. ____ refer to funds obtained from repayable sources, such as loans secured by the government from financial institutions and other sources, both domestic and foreign, to finance various government projects and activities.

12. 18. What year did the Central Bank created?

13. _____arises when the governments borrow when their expenditure is more than revenue. A. Public debts B. Public revenue C. Public expenses D. None of these

14. 20. Effects of Public expenditure are : A. Consumption B. Allocation of Resources C. Production D. All of the above

15. 21. Public finance includes: A. public revenue B. public expenditure C. public debt D. All of the above

16. 22. is the study of the role of the government in the economy . A. Public revenue B. Public finance C. Public expenditure D. None of the above

17. 23. Business activity in an economy is usually characterized by fluctuations of a nature. A. Regular B. Cyclical C. Irregular D. Basic

18. 24. Public expenditure enhances the quality of life of people by providing _____ A. recreational B. cultural C. educational and public health facilities D. All of the above

19. 25. The scope of public economics is wider than that of public finance. True/False? a nd why?