Public Finance_M2

Which of the following is a form of direct tax in the Philippines?

• Excise tax

• Documentary stamp tax

• Estate tax

• Donor's tax

Which government agency is responsible for collecting taxes in the Philippines?

• Department of Finance

• Bureau of Internal Revenue

• Bureau of Customs

• Department of Budget and Management

Which of the following is a component of government revenue?

• Transfer payments

• Public debt

• Taxes

• Public goods

Which of the following is a component of government expenditure?

• Public debt servicing

• Tax refunds

• Transfer payments

• Tax incentives

Which of the following is an example of a direct tax?

• Sales tax

• Excise tax

• Income tax

• Value-added tax

Which of the following is an example of an indirect tax?

• Property tax

• Estate tax

• Excise tax

• Corporate income tax

Which of the following is a type of transfer payment?

• Public goods

• Social security benefits

• Infrastructure spending

• Debt servicing

Which of the following is a component of government debt?

• Public savingspayments

• Budget deficit

• Tax revenues

• Transfer

Which of the following is an example of a public good?

• Private school

• Private hospital

• Public park

• Private car

Which of the following is an example of an entitlement program?

• Social security

• Infrastructure spending

• Military spending

• Debt servicing