Public Finance Management Quiz

What is the primary focus of a public financial management system?

• To increase government revenue

• To privatize public services

• To manage public funds and government money

• To reduce public debt

Which of the following is NOT a component of Public Finance?

• Public Expenditure

• Public Revenue

• Public Relations

• Economic Stabilization

What does public revenue primarily deal with?

• Government's income

• Government's expenditure

• Government's financial administration

• Government's debt

Which component of Public Finance involves the classification of government spending?

• Public Expenditure

• Public Revenue

• Public Debt

• Economic Stabilization

What is the role of financial administration in Public Finance?

• To account for financial transactions

• To increase public revenue

• To manage public debt

• To stabilize the economy

Which principle of Public Finance emphasizes the need for public participation in financial decision-making?

• Openness and accountability

• Social equity

• Participatory democracy

• Optimal resource application

What must government employees and officials remain accountable to, according to Public Finance principles?

• Taxpayers and the public

• Private corporations

• Themselves

• International organizations

What is a consequence of a weak public financial management system?

• Improved service delivery

• Increased public confidence

• Efficient resource use

• Open door for corruption

What is essential for ensuring accountability and efficiency in the use of public financial resources?

• A strong public financial management system

• Increased taxation

• Reduction in public spending

• Privatization of public services

What should a well-prepared government budget reflect?

• The amount of funds collected and their intended use

• The political agenda of the ruling party

• The increase in public revenue

• The reduction of public debt