WorksheetsLGS 113: Introduction to Local Government Finance
Total questions: 20
Worksheet time: 5mins
Value added tax is categorized under _______source of revenue
External
Internal
Local Government
Court fees, Divorce fees and inheritance forfeitures are examples of internally generated revenue. True/False?
(a)
The rates imposed on landlords and landed properties is known as_______
Government rate
Community rate
None of the above
An example of external sources to local government is________
Federal grant
Market rates & levies
Bicycle license
The capitation tax levied as flat rate on every male adult by village heads is known as _______
Cattle Tax
Jangali
Community tax
The money generated on specific services of government or public goods to the people is called_____
Miscellaneous fees
User fees and charges
Local Rates
Internally generated revenue by local government includes the following except_____
Court fees
Grants
Local Rates
The money borrowed by local government to finance major capital project is called_______
Loan
Miscellaneous
Grants
1. _______is the chief executive and the accounting officer of the local government council
Treasurer
Councilor
Chairman
The body that acts as the watchdog of the public fund, approving authority of the local government
Legislative
Executive
Judiciary
If budget is for state, _______is for local government
Budget
Plan
Estimate
Estimate is a financial plan of action for a _____
Fiscal Month
Annual
Fiscal year
The following are the objectives of estimate except
To ensure more profit to the local government council
To provide a mechanism for ensuring that adequate control are maintained over expenditure and revenue
All of the above
The section of finance that deals with generating money for local government is known as
Expenditure Section
Supply Section
Revenue Section
1. The full meaning of FM in the local government is _____
Finance Manager
Functional Memoranda
Financial Memoranda
_____ is the form of control that is designed by an organization in order to carry out its activities in an orderly manner
Internal
Internal Control
External Control
Who is the head of the treasury unit in the local government council
Accountant
Cashier
Treasurer
The head of the local government is called ________
Leader
Chairman
Councilor
A treasurer to the local government is always a _________
Carrier officer
Political officer
Casual worker
The bedrock of any organization is ________
Revenue
Treasurer
Finance
