Government Budgets Quiz
5 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What are the main components of government revenues?

  • Investment income
  • Taxes, such as income tax and corporation tax (correct)
  • Foreign aid and assistance
  • Donations and grants
  • What does a government budget project?

  • Government's historical financial data
  • Government revenues and expenditure for a specific period (correct)
  • Government's political priorities
  • Government's international trade agreements
  • What is the purpose of a government budget in most parliamentary systems?

  • To be revised on a monthly basis
  • To be implemented without legislative oversight
  • To be controlled by government ministries only
  • To be presented to the legislature and require approval (correct)
  • What happens once the government budget is approved?

    <p>Government ministries and institutions manage the funds</p> Signup and view all the answers

    What are the main components of government expenditures?

    <p>Government spending on healthcare, education, defense, infrastructure, social benefits</p> Signup and view all the answers

    More Like This

    Microeconomics Fundamentals Quiz
    10 questions
    Commerce Essentials Quiz
    10 questions
    Indian Government Budget Classification
    12 questions
    Use Quizgecko on...
    Browser
    Browser