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PFM - mod2 n 3

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Singapore's financial year is from ___

a)

1 January to 31 December

b)

1 July to 30 June of next year

c)

1 April to 31 March of next year

d)

1 October to 30 September of next year

2.

Singapore's emphasis on fiscal sustainability means to ....

a)

To ensure accountability for performance

b)

To achieve balanced budget

c)

To create a pro-community fiscal system

d)

To provide conducive business environment

3.

Which is the fiscal mechanism to provide adequate funding for high priority areas in future?

a)

Endowment funds

b)

Expenditure on manpower

c)

Recurrent budget

d)

Block budget

4.

Singapore government adopts the cash accounting and cash budgeting. True or false?

a)

True

b)

False

5.

Which is Singapore's current budgetary framework?

a)

Programme Budgeting

b)

Budgeting for Results

c)

Budget Management Framework

d)

Line Item Budgeting

6.

The ___ framework enables the public agencies to work closely together to handle complex challenges like Covid-19.

a)

Whole-of-Government

b)

Public accountability

c)

Central Provident Fund

d)

Government Procurement

7.

Who is responsible for the protection of Singapore's past reserves?

a)

Cabinet

b)

Judiciary

c)

President's office

d)

Ministry of Finance

8.

Which is Singapore's central accounting system?

a)

NFS@Gov

b)

iBudget

c)

GeBIZ

d)

Vendors@Gov

9.

Auditor-General reports to ___

a)

Prime Minister

b)

President

c)

Parliament

d)

Minister for Finance

10.

The components of internal control system do not include:

a)

Control environment

b)

Risk Assessment

c)

Information and Communication

d)

Public media coverage