Quiz: CHAPTER 4


CHAPTER 4Online version UNEMPLOYMENT AND INFLATION by arianniii 1 Which of the following is NOT an important function of government in the economy? a Redistribute income and wealth b Assist private sector for economic stability c Promote monopolies d Provide a legal and social framework 2 A balanced budget occurs when : a Government expenditure = Government revenue b Government expenditure > Government revenue c Government expenditure < Government revenue d Government has no debt 3 Which of the following is an example of direct tax? a Personal income tax b Import duty c Service tax d Export duty 4 Which of the following is NOT a source of non-tax revenue? a Rental of government property b Sales of licenses and permits c Interest from government investment d Petroleum income tax 5 Which of the following is an example of operating expenditure? a Civil servant salaries b Building highways c Constructing schools d Rural development 6 Development expenditure refers to : a Day-to-day expenses b Spending for welfare and salaries c Long-term spending for infrastructure d Debt repayment only 7 Which of the following goal of monetary policy a Redistribute income b Maintain price stability c Increase public debt d Raises taxes 8 Expansionary monetary policy is used during : a Inflation b Economic slowdown c Price stability d Budget surplus 9 Expansionary fiscal policy is applied when : a The economic is recession b The economic is overheating c Inflation is high d The revenue is rising 10 A tool of fiscal policy includes : a Open Market Operations b Interest rate adjustment c Government spendingand taxation d Credit control

1

Which of the following is NOT an important function of government in the economy?

a

Redistribute income and wealth

b

Assist private sector for economic stability

c

Promote monopolies

d

Provide a legal and social framework

2

A balanced budget occurs when :

a

Government expenditure = Government revenue

b

Government expenditure > Government revenue

c

Government expenditure < Government revenue

d

Government has no debt

3

Which of the following is an example of direct tax?

a

Personal income tax

b

Import duty

c

Service tax

d

Export duty

4

Which of the following is NOT a source of non-tax revenue?

a

Rental of government property

b

Sales of licenses and permits

c

Interest from government investment

d

Petroleum income tax

5

Which of the following is an example of operating expenditure?

a

Civil servant salaries

b

Building highways

c

Constructing schools

d

Rural development

6

Development expenditure refers to :

a

Day-to-day expenses

b

Spending for welfare and salaries

c

Long-term spending for infrastructure

d

Debt repayment only

7

Which of the following goal of monetary policy

a

Redistribute income

b

Maintain price stability

c

Increase public debt

d

Raises taxes

8

Expansionary monetary policy is used during :

a

Inflation

b

Economic slowdown

c

Price stability

d

Budget surplus

9

Expansionary fiscal policy is applied when :

a

The economic is recession

b

The economic is overheating

c

Inflation is high

d

The revenue is rising

10

A tool of fiscal policy includes :

a

Open Market Operations

b

Interest rate adjustment

c

Government spendingand taxation

d

Credit control

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CHAPTER 4

Quiz

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CHAPTER 4Online version

by arianniii

Which of the following is NOT an important function of government in the economy?

A balanced budget occurs when :

Which of the following is an example of direct tax?

Which of the following is NOT a source of non-tax revenue?

Which of the following is an example of operating expenditure?

Development expenditure refers to :

Which of the following goal of monetary policy

Expansionary monetary policy is used during :

Expansionary fiscal policy is applied when :

A tool of fiscal policy includes :

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