681. An expansionist fiscal policy could include:
A. Lower interest rates
B. Increased lending by the banks
C. An increase in corporation tax
D. An increase in discretionary government spending

682. Which of the following is involved with fiscal policy?
A. Income tax
B. National insurance
C. VAT
D. All of these

683. The tax is___________:
A. National income
B. Domestic income
C. Per capita income
D. Both A and B

684. Fiscal deficit in the budget means:
A. Revenue deficit plus the net borrowings of the government
B. Budgetary deficit plus the net borrowings of the government
C. Capital deficit plus revenue deficit
D. Primary deficit minus capital deficit

685. Trading on equity’ means:
A. Use of equity share capital for trade financing
B. Use of fixed-interest borrowed funds for getting a higher return on equity
C. Having no borrowed funds
D. Trading in equity share capital

686. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.
A. Economics
B. Public administration
C. Government administration
D. Public finance

687. The purview of public finance is considered to be threefold: governmental effects on
A. efficient allocation of resources
B. distribution of income
C. macroeconomic stabilization
D. All of these

688. Which of the following are the essential components of a public financial management system?
A. Resource generation
B. Resource allocation
C. Expenditure management (resource utilization)
D. All of these

689. Which basically deals with all aspects of resource mobilization and expenditure management in government?
A. Public Finance Management (PFM)
B. Economics
C. Public administration
D. Government administration

690. The following subdivisions form the subject matter of public finance.
A. Public expenditure, Public revenue
B. Public debt, Federal finance
C. Financial administration
D. All of these

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
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