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PUBLIC FINANCE (MIDTERM ASSESMENT 1)

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Means a feeling of belonging together.

a)

Community Sentiment

b)

Locality

c)

Society

d)

Community

2.

refers to not a group of people but to the complex pattern of the norms of interaction that arise among them.

a)

Socialization

b)

Society

c)

Community

d)

Individual

3.

Whenever the members of any group, small or large, live together in such a way that they share, not this or that particular interest, but the basic conditions of a common life, we call that group a ____________?

a)

Government

b)

Society

c)

Community

d)

Public

4.

refers to fund obtained from repayable sources, such as loans secured by the government from financial institutions and other sources.

a)

Government expenditures

b)

Private borrowings

c)

Public borrowing

d)

Private Expenditure

5.

This government agency has the power, authority and duty to examine, audit and settle all acoounts and expenditures of the funds and properties of the Philippine government.

a)

NAMFREL

b)

COA

c)

CSC

d)

SANDIGAN BAYAN

6.

Mandated by Execuive Order No. 12 to assist the President in the campaign against graft and corruption.

a)

Commission on Audit

b)

Presidential Anti-Graft Commission

c)

Sandigan Bayan

d)

Civil Service Commission

7.

The following are the Phaseson Budgetary Procedures except one.

a)

Preparation and Presentation

b)

Basic Accounting

c)

Budget Authorization

d)

Budget Accountability

e)

Budget Execution and Operation

8.

A plan of financial operation composed of estimate or proposed expenditure for a given period or purposed and the proposed means of financing them.

a)

Accountability

b)

Expenditure

c)

Funds

d)

Budget

9.

Compulsory contribution mandated by law and exacted by government for public purpose.

a)

VAT

b)

Tax

c)

Tax Revenue

d)

Direct Tax

10.

Intended to promote the stabilization and development of the economy.

a)

Police Policy

b)

Indirect Tax

c)

Public Finance

d)

Fiscal Policy

11.

Refers to the income and outgo of the government in the pursuit of national objectives.

a)

Private Finance

b)

Public Finance

c)

Revenues

d)

Taxes

12.

Means companionship and friendship.

a)

Society

b)

Socious

c)

Sociology

d)

Socialization

13.

The following are Nature of Society except one.

a)

Society and Government

b)

Society means likeness

c)

Society also implies difference

d)

Inter-dependence

e)

Co-operation

14.

also known as an area of social living.

a)

Society

b)

Social Media

c)

Community

d)

Barangay

15.

The following are the factors of Socialization except one.

a)

Langauge

b)

Idenfication

c)

Suggestion

d)

imitation

e)

Diversity