Understanding Finance Basics

Understanding Finance Basics

1st Grade

15 Qs

quiz-placeholder

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Understanding Finance Basics

Understanding Finance Basics

Assessment

Quiz

Social Studies

1st Grade

Medium

Created by

MESJC Belapur

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of public finance?

To manage government revenue and expenditure for economic stability and social welfare.

To focus solely on private sector growth.

To eliminate all forms of public spending.

To increase taxes for government officials.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who benefits from public finance?

Only large corporations

Citizens, businesses, and the government.

Only the government

Only wealthy individuals

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does private finance focus on?

The investment strategies of non-profit organizations.

The regulation of government financial institutions.

The study of public sector budgeting.

The management and allocation of financial resources by private individuals or organizations.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government decide on spending?

Spending decisions are made solely by the president without any process.

The government decides on spending through a structured budget process that involves assessment, prioritization, and allocation of resources.

The government decides on spending based on public opinion polls.

The government randomly selects spending amounts each year.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who decides how much to spend in private finance?

Financial institutions

Market analysts

Individuals or organizations

Government agencies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which has a larger scale, public or private finance?

Personal finance

Public finance

Corporate finance

Investment finance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key difference in credit status between public and private finance?

Private finance is exclusively government-funded.

Public finance has higher interest rates than private finance.

Private finance is always more stable than public finance.

Public finance generally has a more stable credit status compared to private finance.

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