EN-PF2

NAME: (SURNAME, GIVEN NAME, MI.)

Stated below are the four components of Public Finance, except for:

• Tax Collection

• Government Expenditures

• Budget

• Deficit/Surplus

• None of the Above

Government budgeting is the critical exercise of allocating revenues and borrowed funds to attain the economic and social goals of the country.

• True

• False

What defines quasi-government institutions?

• They are fully integrated parts of the government's administrative structure.

• They are owned and operated solely by private entities.

• They undertake public missions but may operate partly in a private capacity.

• They are independent entities that have no connection to any government.

The following three (3) functions of the government, except

• Allocation

• Distribution

• Amortization

• Stabilization

What does public finance encompass?

• Management of private sector businesses

• Management of a country's revenue, expenditures, and debt load

• Management of personal finances

• Management of charitable organizations

What is the primary goal of public finance?

• To maximize government revenue

• To control the expenses of earning money

• To minimize government objectives

• To reduce taxable income

Refers to government decisions on taxation, expenditures, profit and income generation, borrowings for the achievement of government objectives

• Monetary Policy

• Fiscal Policy

• Taxation Policy

• Expenditures Policy

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 national government.

• Expenditures

• Consumption

• Revenues

• Grants and Donations

How can successful implementation of public finance benefit citizens?

• By reducing access to education

• By increasing income inequality

• By providing tailored public services and addressing societal issues

• By promoting environmental degradation.