WorksheetsBusinessTech.
Total questions: 15
Worksheet time: 11mins
Who is responsible for the Budget in South Africa?
Minister of Education
Minister of Finance
Minister of co-operative governance and traditional affairs
Minister of Trade and industry
Where is the national budget presented ?
Parliament
Union Building
National Assembly
When the income exceeds the expenditure, the budget has a…
(a)
What is the Fiscal Policy and what does it contain ?
Who is the Minister of Finance ?
(a)
What are the TWO types of Taxes ?
VAT
Indirect Tax
Direct Tax
Sin Tax
A certain amount of the budget is allocated to each __________
Government department
Government Official
Government Minister
Government Expense
The budget is based on __________ income and spending.
General
Required
Earned
Expected
In __________ of each year, the Minister of Finance presents his or her budget for the coming financial year to Parliament.
February
January
March
April
Parliament has to __________ the budget before it can be implemented.
Debate
Approve
Peruse
All of the above
The government’s financial year runs from 1 __________ of one year to 31 __________ of the following year.
July to June
March to February
April to March
January to December
The budget appears before the Parliament in the form of a
Bill
Act
Policy
Strategy
The budget is compiled after receiving inputs from ___________
Officials, business peoples and entrepreneurs
Ministers, departments and the Governor of the Reserve Bank
The State President and the deputy
The general public
The government spends its budget on
New cars, homes and furniture for the state president
Food and blankets for homeless people
Military Vehicles and weapons
Programmes and projects that are needed to serve the public
The government earns its income from _______
paid by individuals and businesses
Levies
Taxes
Investments
Expenses
