Fiscal Administration

FOAC- GT

1. It is the power of the sovereign to raise revenue to answer for the expenses of
government.
a. Fiscal Management
b. Taxation
c. Tax
d. Expenditures
2. The author of the book wealth of the nations and also regarded as the “Father of
Modern Economics”.
a. Alfred Marshall
b. David Ricardo
c. Adam Smith
d. Rene Boy Bacay
3. Pay the tax according to the person’s capacity to pay and is proportion to his income.
a. Canon of Equity
b. Canon of Certainty
c. Canon of Convenience
d. Canon of Economy
4. Tax payers take advantage of legally permissible alternative tax rates or methods of
assessing taxable property or income in order to avoid or reduce tax liability.
a. Tax Evasion
b. Tax Dodging
c. Tax Maximization
d. Tax Minimization
5. The tax system can be modified to meet the revenue requirements.
a. Canon of Productivity
b. Canon of Elasticity
c. Canon of Simplicity
d. Canon Flexibility
6. It means expenses which government incurs for its own administration, providing
social welfare and pursuing economic development.
a. Public Expenditure
b. Capital Outlay
c. Disbursements
d. Infrastructures
7. The following are the causes of continuous increase of public expenditure, except:
a. Defense
b. Population Explosion
c. Employment
 d. Transportation and Communication
8. The following are the principles of expenditures, except:
a. Principle of Economy
b. Principle of Elasticity
c. Principle of Productivity
d. Principle of Flexibility
9. The following are the examples of social services expenditures, except:
a. Education
b. Health Services
c. Land Distribution
d. Tourism
10. The following are examples of Economic Services Expenditures, except:
a. Communications
b. Defense
c. Trade and Industry
d. Power and Supply