Public expenditure and public revenue

Public Expenditure and Public Revenue Quiz

1. Public revenue is:

The income of the government
The expenditure incurred by the government
The profit earned by the government
The debt taken by the government

2. Which of the following is NOT a source of public revenue?

Taxes
Fees
Fines
Private savings

3. Direct taxes are levied on:

Income and property
Goods and services
Imports and exports
All of the above

4. Indirect taxes are levied on:

Income and property
Goods and services
Imports and exports
All of the above

5. Public expenditure is:

The income of the government
The expenditure incurred by the government
The profit earned by the government
The debt taken by the government

6. Which of the following is NOT a type of public expenditure?

Developmental expenditure
Non-developmental expenditure
Revenue expenditure
Private expenditure

7. Developmental expenditure is incurred on:

Defense and law and order
Education and healthcare
Administration and debt servicing
All of the above

8. Non-developmental expenditure is incurred on:

Defense and law and order
Education and healthcare
Administration and debt servicing
All of the above

9. Public debt is:

The income of the government
The expenditure incurred by the government
The debt taken by the government
The profit earned by the government

10. Which of the following is a disadvantage of public debt?

It can finance development projects
It can lead to inflation
It can reduce the burden of taxation
It can improve the balance of payments