Public Finance Management Act (PFMA) Quiz
Interactive Video
•
Other
•
11th - 12th Grade
•
Practice Problem
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of the PFMA in terms of financial management?
Cost-based approach
Resource-based approach
Output-based approach
Input-based approach
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which chapter of the PFMA deals with the establishment of the national treasury?
Chapter 4
Chapter 3
Chapter 2
Chapter 1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of provincial treasuries as outlined in the PFMA?
To outline their composition, functions, and responsibilities
To manage national budgets
To oversee local government spending
To coordinate intergovernmental fiscal relations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which chapter of the PFMA outlines the responsibilities of ministers and MECs?
Chapter 7
Chapter 6
Chapter 5
Chapter 8
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Chapter 8 of the PFMA regulate?
Budget preparation process
Appointment of accounting officers
Financial misconduct
Borrowing funds by government
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the accounting standards board established by the PFMA?
To regulate borrowing by government
To oversee financial misconduct
To determine accounting practices for the public sector
To manage government budgets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which chapter of the PFMA deals with financial misconduct?
Chapter 12
Chapter 9
Chapter 10
Chapter 11
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