Public Finance Quiz

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Questions and Answers

What does public debt primarily deal with?

Principles of taxation
Rates of taxation
Methods of raising loans from internal and external sources (correct)
Impact, incidence and shifting of taxes

What does public revenue primarily deal with?

Methods of raising public revenue such as tax and non-tax (correct)
Different aspects of public budget
Methods of raising public loans
Government expenditure effects

What does financial administration primarily deal with?

Different aspects of public budget (correct)
Methods of raising public revenue
Principles of taxation
Government expenditure effects

What is the annual master financial plan of the Government called?

<p>The budget (D)</p> Signup and view all the answers

What does fiscal policy primarily encompass?

<p>Taxes, subsidies, public debt and public expenditure (D)</p> Signup and view all the answers

Flashcards

Public Debt

Methods of raising loans from internal and external sources for the government.

Public Revenue

Methods of raising public revenue through taxes and non-tax sources.

Financial Administration

Deals with the various aspects of the public budget process.

Budget

The annual master financial plan of the government.

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Fiscal Policy

Encompasses government actions related to taxes, subsidies, public debt, and public expenditure.

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Study Notes

What does public debt primarily deal with? What does public revenue primarily deal with? What does financial administration primarily deal with? What is the annual master financial plan of the Government called? What does fiscal policy primarily encompass?