Grade 8 EMS (TVM)

What are the three levels of government in South Africa?

• Local, Provincial, National

• Executive, Legislative, Judicial

• Central, Regional, District

• Federal, State, Municipal

Which of the following is NOT a source of government income?

• Taxes

• Loans from other countries

• Donations from private individuals

• Profits from state-owned enterprises

What is the main purpose of the national budget?

• To monitor how much people earn

• To record the number of businesses in the country

• To allocate government revenue and expenditure

• To encourage saving among citizens

Which tax is paid when purchasing goods and services?

• Income tax

• Value Added Tax (VAT)

• Capital gains tax

• Import duty

What is the main function of provincial government?

• To provide national security

• To manage foreign relations

• To oversee education and health services in provinces

• To collect customs duties

Which level of government is responsible for waste management and local roads?

• National

• Provincial

• Local

• International

The Minister of Finance delivers which speech annually?

• Presidential Address

• Budget Speech

• State of the Nation Address

• Economic Report

A document that records financial transactions of a business is called a:

• Balance sheet

• Income statement

• Source document

• Financial record

Government expenditure on hospitals and schools is classified as:

• Social services spending

• Infrastructure development

• Capital expenditure

• Transfer payments

Which type of tax is directly deducted from salaries?

• VAT

• Company tax

• PAYE

• Import duty