UNIVERSITY OF EASTERN PHILIPPINES University Town, Northern Samar

Final Examination in ECONOMIC EDUCATION Name Student Number TEST I. MULTIPLE CHOICE: Choose the letter of the correct answer and write it down on the space provided in each item. 1. It is process of redistributing land from land lords to tenant-farmers in order that they will be given a chance to own a piece of land to improve their plight. a. Agrarian reform b. Both a & b c. Land reform Date

2. It is concerned with the total development of the farmers economic, social and political transformation. a. Agrarian Reform b. Land Reform c. Both a & b

3. This social classes could own a land and free from tribute payment. a. Elite b. Serfs c. Nobles

4. The system of giving lands to those people who are loyal civilians and military servants as rewards by the crown prince of spain. a. Encomienda System b. Kasama System c. cacique class

5. After the independence on July 4, 1946, a certain rebel group agitated to wage a continuing peasant struggle for Agrarian Reform. a. Sakdalista b. NPA c. Hukbalahap

6. This President enacted RA No. 34 of 1946 providing for a 70-30 crops sharing arrangement and regulating share tenancy contracts to solve land tenure problem. a. Pres. Osmea b. Pres. Roxas c. Pres. Quezon

7. He is the President that signed into law RA No. 3844 otherwise known as the Agricultural Land Reform Code. a. Pres. Macapagal b. Pres. Querino c. Pres. Ramos

8. On September 21, 1972, he issued Presidential Decree No. 2 declaring the entire Philippines as land reform area. a. Pres. Aquino b. Pres. Estrada c. Pres. Marcos

9. A decree granting landholders one year to secure legal titles to their lands and failure of the landowners to secure land title will mean forfeiture of their land. a. Spanish Decree of 1894 b. Spanish Decree1880 c. Spanish Decree 1872

10. One aspect of agrarian reform is to help improve agricultural productivity, increase efficiency in food production and better food for the growing populace. a. Moral aspects b. Economic aspect c. religious aspect

11. This is considered the very foundation of Agrarian Reform in which the farmers are given the chance to become owners of the land they are tilling. a. Support services b. Land distribution c . Both a & b

12. Is is a part of the governments moral obligation to formulate laws that will affect agrarian reform. a. Legal aspect b. Political aspect c. Both a & b

13. An act creating the court of industrial relation which will settle disputes between land owners and agricultural workers. a. Commonwealth Act No.213 b. Commonwealth Act No.178 c. Commonwealth Act No.103 c. PD No.30

14.Declaring the entire Philippines as land reform area. a. PD No.27 b. PD No.2 15. Instituting a Comprehensive Agrarian Reform Program. a. Proclamation No.131 TEST II. IDENTIFICATION: b. Proclamation No.30

c. Proclamation No.40

1.It is a grant of Immunity or freedom from financial charges, burdens or fees extended by the state to the taxpayer. 2. It is the use by the taxpayer of legally permissible methods in order to avoid reduces tax liability. 3. It is the use by the taxpayer of illegal or fraudulent means to defeat or lessen the amount of tax. 4. It refers to income such as interest on bank deposits, royalties, price and other winning. 5. It means pertinent items of the gross income less the deduction and or the personal and additional exemptions. 6.It is the gross income minus allowable deduction. 7. It means all income derived from whatever source. 8.It means all the wealth which flows into the taxpayer other than a mere return of capital. 9. A tax levied directly on personal income in one taxable period. 10. Is the amount which the owner, agent operator or master of the vessel has to pay for each entrance into or departure from port of entry in the Philippines. 11. Is the amount assessed an articles for storage in customs premises , cargo shed and warehouse of the government. 12. Is the amount which the owner, consignee or agent of either , of article of baggage has to pay for the handling , receiving and custody of the imported or exported article of the passenger. 13. it is a tax on the manufacture sale or use of goods and services in which most of the tax revenues comes from the sale of tobacco, alcohol and gasoline. 14. This is a tax levied on the sale of goods and services which is also collected from a certain percentage of the sale. 15. A kind of tax imposes on income from the sale of capital assets, which includes stocks, bonds, real estate and partnership. 16. This means that the source of revenue should be sufficient to address the demand of public expenditures. 17. This means that the tax should be capable of convenience, just an effective administration. 18. These are taxes imposed by the local government to meet particular needs under local government code, such as real property tax and community tax. 19. It is the supreme power of a sovereign state to impose burdens or charges upon persons, property or property rights for public purpose.

20. It is considered as the life blood of the government that without which a government may not be able to perform and expenditures or financed by tax revenues.

TEST III. ENUMERATION 1. 2. 3. 4. Five importance of taxation Five importance of land reform program Examples of direct tax Basic principles of sound tax system

*****Good Luck*****

Prepared by:

DR. NESTOR P. GALAROZA Professor