Holy Cross College of Carigara

Carigara Leyte
COLLEGE DEPARTMENT

MIDTERM EXAMINATION IN MONETARY POLICY AND CENTRAL BANKING

Jorge O. Labante
Instructor

Name: ____________________________ Date:____________

Course and Year: _________________ Score:___________

Instruction: Give the best answer in every question.

______________________1. This is the plan of financial operation composed of

estimated expenditures of the government for a given period of time.

______________________2. It is defined as a condition in which individual who

exercise power are constrained by external means and internal norms.

______________________3. It is a policy that includes taxation, and other revenue,

expenditure and barrowings which is intended to promote economic
stabilization.

______________________4. This is a collection of the government in exchange for

services rendered, assets conveyed, and penalties imposed.

______________________5. Other source of government funds obtained from

repayable sources.

______________________6. In this type of accountability, public employees are

answerable for responsible, efficient and effective performance on their tasks.

______________________7. This classification of expenditure includes personal

compensation and benefits, travel and transportation, etc.

______________________8. He said that formulation of fiscal policy lies on the dead

center of democratic government

______________________9. It is the action executing by the government to collect

funds and use for the general welfare

______________________10. Cash inflows of the national government treasury

which are collected to support government expenditure.

______________________11. A budget deficit is incurred when expenditure exceed

from the revenue that is available for the year, is the claim of what principle of
government budgeting.

______________________12. It is the revenue earned by the government through

various kinds of taxes.
_____________________13. In this classification of government expenditure
comprised of expenditure on general public services and economic services.

_____________________14. It serves as the lifeline of the government.

_____________________15. This principle in budgeting believes that expenditure

should conform with the total revenue collection only.

Enumeration:
Instruction: When the question is answerable by a process, it cannot be
interchange. WRONG SPELLING is WRONG. And, give the complete answer.

Two main components of Government budget.

16.

17.

Enumerate the major classes of Tax Revenues.

18.

19.

20.

21.

The three classification of Government budgeting that are classified economic.

22.

23.

24.

Enumerate the Element of Budget.

25.

26.

27.

28.

29.

30.

31.

32.

Give at least three reasons why government borrow funds.

 33.

34.

35.

Illustrate the Public Finance Cycle (36-40)

(41-45)
Capital Receipt Revenue Receipt
Meaning

Term
Presentation
Nature

Differentiate Tax and Non- Tax Revenue in a form of Venn Diagram (46-50)