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GRD 08 REVISION QUIZ

Total questions: 21

Worksheet time: 33mins

Name
Class
Date
1.

which department is allocated the highest budget amount?

(a)  

2.

IDENTIFY THE LOWEST BUDGET PERCENTAGE FROM THE BUDGET

(a)  

3.

Who is responsible for setting the budget of South Africa?

a)

minister of finance

b)

minister of education

c)

the president

d)

SARS

4.

This is money that the government puts aside for unforeseen

events and other urgent needs, such as natural disasters, epidemics

and economic downturns.

a)

BUDGET

b)

EMERGENCY FUND

c)

TAX

d)

GRANT

5.

The government collects its revenue(income) from?

a)

SARS

b)

TAXES

c)

JSE

d)

BUDGET

6.

IDENTIFY three services to which the government allocates money

in the National Budget.

a)

HEALTH

b)

EDUCATION

c)

AGRICULTURE

d)

BANKS

7.

Who is the minister of finance in South Africa?

(a)  

8.

What does "SARS" stand for

(a)  

9.

Which institution/organisation is responsible for collecting tax in South Africa

a)

SARS

b)

SARB

c)

JSE

d)

ABSA

10.

What does VAT stand for

(a)  

11.

Taxes that people pay directly to the government, such as

income tax and business tax

(a)  

12.

Taxes that people pay indirectly to the government, ✔ for example

via a business or service provider,

(a)  

13.

identify examples of indirect tax

a)

VAT

b)

SIN TAX

c)

INCOME TAX

d)

FUEL TAX

e)

TRANSPORT TAX

14.

IDENTIFY EXAMPLES OF DIRECT TAX

a)

VAT

b)

INCOME TAX

c)

SIN TAX

d)

BUSINESS TAX

e)

FUEL TAX

15.

When a customer buys at shoprite, spar, boxer and other business, the customer is paying ........... indirectly to the government through that shop

a)

SIN TAX

b)

VAT

c)

SARS

d)

FUEL

16.

When a customer buys petrol or oil in a filling station, which kind of tax is charged on the customer`s money?

a)

VAT

b)

SIN

c)

FUEL

d)

TRANSPORT TAX

17.

VAT is levied at a standard rate of ......% on the supply of goods and services by registered vendors IN South Africa

a)

15

b)

14

c)

50

d)

100

18.

Tax levied on vehicles, ships and aircraft using public roads, rivers, and airports maintained by the government.

a)

fuel

b)

sin tax

c)

VAT

d)

Transport tax

19.

Which picture represent Sin Tax

a)

b)

c)

d)

20.

which picture represents transport tax

a)

b)

c)

d)

21.

which picture represent VAT

a)

b)

c)