Public finance final exam questions and answers

Find more study material on our FIN overview page. Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students. With the study guides and notes written by fellow students, you are guaranteed to be properly prepared for your exams. Overspecific notes are at your disposal. Your fellow students know exactly where the pitfalls lie and what the key elements will be to your success in that module.

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Also available in bundle 1. Exam - Fin final exam version 1-questions and answers. Exam - Fin final exam version 2-questions and answers. The best study guides Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students.

Avoid resits With the study guides and notes written by fellow students, you are guaranteed to be properly prepared for your exams. Get better grades Thanks to the study guides written by fellow students specifically for your courses, you will never miss a trick when it comes to your exams.

Earn while you study Have you written lots of study guides or notes?Chartered Accountants serve business clients by preparing, reviewing and evaluating financial statements, consulting, preparing budgets and tax returns and analyzing financial information in order to help them with business strategies, auditing services, management, and maximizing production.

Chartered Accountants. Therefore, becoming a CPA allows me the best opportunity to open my own business, and help the financially unstable of the world. Before becoming a CPA a few steps must be taken; one must go to an accredited college, complete the requirements to take the CPA exam, and provide the documents necessary. Foremost, an accredited. The course integrates practical and theoretical aspects of finance and includes concepts and techniques essential for success in all business disciplines.

Topics include financial analysis, time value of money, Assets pricing, capital budgeting, financial decisions, and international finance. Required Text and Resources 1. The student version of the sample Final does not include the correct answers as marked below in red. Please feel free to share the sample final questions and answers with your students.

Accounting Financial accounting Conceptual foundations Income. Budgeting lies at the foundation of every financial plan. Both organizations have business actives as they make profit but in the profit in for-profits are distribute profits to its owners or shareholders. Nonprofits are owned by the public while for-profit organizations.

Kevin Tenorio Dr. How has the property tax changed over time for local governments? What are the advantages and disadvantages of the property tax as a revenue source? In response to these questions, make sure to refer to the main principles of taxation equity, efficiency, adequacy of revenue, political feasibility, and cost of administrationtax and expenditure limitations, as well as the importance of revenue.

Which of the following is NOT an element of manufacturing overhead? What accounts are NOT classified in the current assets section of the balance sheet?

Help With Public Finance Questions and Answers

The starting point of a master budget is the preparation.Corporation tax Union taxes are given in the list of 7th schedule in the constitution. A and b only Taxes on railway freights and fares and Stamp duties on financial documents are union taxes while tolls are state tax. Personal income tax It is based on the principle of ability to pay. The tax levied by the union government on income of individuals is known as income tax. Corporation tax The tax on net income of companies is corporate tax.

Tax rates are uniform for all categories of companies. Estate duty was abolished in All the above Interest tax was withdrawn inestate duty abolished in and gift tax in Sales tax Sales tax is the tax on sale of goods and is influenced by the value added tax system.

public finance final exam questions and answers

Central sales tax The tax levied on the interstate trade of goods is the central sales tax. It is headed by Y V Reddy. Public finance - MCQs with answers 1. Which of the following is a union tax?

Important Questions of Public Finance for Exam

Corporation tax b. Taxes on agricultural income c. Capitation taxes d. This website is my favourite. I want more MCQ for departmental examination on chapter like Public debt,Public expenditure Public budget,balanced budget, fiscal policy, federal finance etc. Yours faithfully tapash chakraborty.

Agricultural schemes, marketing and institutions - MCQs withTo browse Academia. Skip to main content. Log In Sign Up. CPA Joseph Chacha. The Board has been charged among other things, the responsibility to promote, develop and regulate the accounting profession in the country.

In fulfilling its role, NBAA has revised its national accountancy examination scheme and syllabi for students aspiring to sit for Accounting Technician and Professional Examinations. For effective implementation of these syllabi and improve examination results, the Board has prepared study materials for all subjects to assist both examination candidates and trainers in the course of learning and teaching respectively.

The study guides have been prepared in the form of text books with examples and questions to enable the user to have comprehensive understanding of the topics.

The study guides cover the wide range of the topics in the syllabi and adequately cover the most comprehensive and complete knowledge base that is required by a leaner to pass the examinations. These study guides for each subject from ATEC I to final Professional Level will ensure that learners understand all important concepts, know all the workload involved and provide practice they need to do before examinations.

The guides have right amount of information with plain language -easy-to-understand, plenty of practice exercises and sample examination questions which are set in a competence based approach. Competency based study guides have been developed aiming at developing a competent workforce. The guides emphasize on what the individual can do in a workplace after completing a period of training.

The training programme therefore is directly related to the expectations of the employer. These study guides which have been developed under competence based approach are characterized by the following features:- 1.

public finance n5 exam question papers pdf

Focus on outcome — The outcomes shown in every topic are relevant to employment industry 2. Greater workplace relevance — the guides emphasize on the importance of applying knowledge to the tasks to be performed at a workplace. This is different from traditional training where the concern has been expressed that theoretical or book knowledge is often emphasized at the expense of the ability to perform the job. Assessments as judgments of competence — The assessment will take into consideration the knowledge, skills and attitudes acquired and the actual performance of the competency.

Study guides are also useful to trainers specifically those who are teaching in the review classes preparing leaners to sit for the professional examinations. They will make use of these study guides together with their additional learning materials from other sources in ensuring that the learners are getting sufficient knowledge and skills not only to enable them pass examinations but make them competent enough to perform effectively in their respectively workplace.

NBAA believes that these standard study guides are about assisting candidates to acquire skills and knowledge so they are able to perform a task to a specified standards. The outcomes to be achieved are clearly stated so that learners know exactly what they have to be able to do, and on the other hand trainers know what training is to be provided and organizations as well know the skills level acquired by their expected accountants.

Pius A. Introduction to public finance 1 - 20 2.Below is a compiled list of economics exam answers and quiz answers.

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These help increase the awareness of the resource and allow the page to continue to stay up. Which of the following is most likely to be an implicit cost for Company X? To the economist, total cost includes: A. Which of the following is a short-run adjustment? A local bakery hires two additional bakers. Six new firms enter the plastics industry. The number of farms in the United States declines by 5 percent. BMW constructs a new assembly plant in South Carolina. The short run is characterized by: A.

The law of diminishing returns indicates that: A. Answer the question on the basis of the following output data for a firm. Assume that the amounts of all non-labor resources are fixed.

Refer to the above data. Diminishing marginal returns become evident with the addition of the: A. The marginal product of the sixth worker is: A. In the above diagram curves 1, 2, and 3 represent the: A. Refer to the above diagram. At output level Q total variable cost is: A. The total variable cost of producing 5 units is: A. The average total cost of producing 3 units of output is: A.

The marginal cost of producing the sixth unit of output is: A. In the long run: A. In which of the following market structures is there clear-cut mutual interdependence with respect to price-output policies?

Which of the following industries most closely approximates pure competition? A purely competitive seller is: A. Assume the XYZ Corporation is producing 20 units of output. This corporation: A. This firm is selling its output in a n : A. Refer to the above diagram for a purely competitive producer. The lowest price at which the firm should produce as opposed to shutting down is: A.For its functioning in the conditions of the market, and consequently of commodity-money relations, the state needs certain funds of monetary resources, which constitutes public finances.

If you study this discipline, you should know answers for public finance exam questions in order to pass it successfully.

Public finance - MCQs with answers

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Make your studying easier by using our assistance!Post a Comment Kindly give your valuable feedback to improve this website. Unit 1. Explain the principles of maximum social advantages with the help of diagram. What are its limitations? Explain the Keynes theory of public finance with suitable examples.

What is public finance? Explain the significance of Public Finance. What is Public finance? Write a brief note on the nature and scope of public finance. Write a brief note on similarities and dissimilarities between private and public finance. Unit 2. Briefly explain the various agencies involved in financial administration. Explain the need, advantages and limitations of ZBB. Mention the preconditions for success of ZBB. What is Performance budget?

Explain its rationale and Shortcomings. What is Budget and Budgetary control? Explain various techniques of Budgetary Control system.

public finance final exam questions and answers

Write a brief note on Budgetary Control system in India. Unit 3. What is Public Revenue? What are its various types? What are various sources of tax and non-tax revenue? Explain in detail.

public finance final exam questions and answers

Write a brief note on the principles of public revenue. Distinguish between tax revenue and non-tax revenue. What is a tax? What are the essential characteristics of a Good Tax System?

Explain the objective of taxation in an underdeveloped country like India. What is taxable capacity? What are its kinds? What are the factors affecting taxable capacity?

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