
Understanding Finance Basics

Quiz
•
Social Studies
•
1st Grade
•
Medium
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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