NOUN TMA Questions and Answers: BFN852- Public Financial Management

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Richtubor
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NOUN TMA Questions and Answers: BFN852- Public Financial Management

Postby Richtubor » Thu Feb 07, 2019 7:13 am

NOUN TMA Questions and Answers: BFN852- Public Financial Management


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Q1 The functional budget is known as 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦

the master budget

Q2 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦... is a system of planning, budgeting and evaluation that emphasizes the relationship between money budgeted and result expected

Performance Budgeting (PB)

Q3 A public budget has four basic dimensions which excludes one of the following

a social tool

Q4 Budgeting is defined by CIMA as a plan stated in quantitative monetary terms which is prepared and approved prior to a defined period of time usually showing planned income to be generated and or expenditure to be incurred during that period and 􀳦?􀳦􀳦?􀳦􀳦?􀳦... to attain a given objective

capital to be employed

Q5 Cost-Benefits Analysis (CBA) is a forward planning technique which involves 􀳦?􀳦􀳦?􀳦􀳦?􀳦..

forecastin g

Q6 The most Capital Budgeting Tool used in the Public Sector is 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.

Cost-Benefit Anal ysis

Q7 One of the following factors does not influence capital budgeting decision in an organization

environmental cha nge

Q8 Capital budgeting is the decision making process by firms to evaluate the purchase of major 􀳦?􀳦􀳦?

fixed assets

Q9 The private sector objective is always expressed in financial terms while the principal objective of a public sector enterprise is not only financial objective but also, except

Budget su rplus

Q10 In developing countries, government spending excludes one of the following:

Reimbursements

Q11 One of these is not the reason identified by Adolf Wagner as a reason why a state expenditure increases.

decreasing social services

Q12 One of the following is not a Cannon of Taxation

uncertainty

Q13 VAT was introduced to replace 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦...

sales tax

Q14 Value Added Tax (VAT) was introduced by the federal government in

1994

Q15 One of these is not the basic kind of monetary policy decision that can be made

discretionary control of money supp ly

Q16 Goods that are collectively and indivisibly consumed are called􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.

public goods

Q17 Those who deal in public funds can and should be regularly called to account for their stewardship through􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦..

legislative review and audit process

Q18 The public sector financial management is concerned with expenditure and accountability while the business sector is concerned with 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦

profit maximisation

Q19 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦... defines Financial Management as the study of money management.

Ekpung (2001)

Q20 Public financial management is all about government's management and control of its 􀳦?􀳦􀳦?

income and expenditure




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Richtubor
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Re: NOUN TMA Questions and Answers: BFN852- Public Financial Management

Postby Richtubor » Thu Feb 07, 2019 7:15 am

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Whatsapp: 08155572788

Q21 The most commonly used method of budgeting in the public sector is 􀳦?􀳦􀳦?􀳦􀳦?􀳦

line- item or incrementa l budget

Q22 The tax levied on the gains or profits realised from sales of assets is called

Capital Gain s Tax

Q23 The tax rate which diminishes as income level/tax base increases is called

Regressive Tax

Q24 One of these is not part of Goods exempted from VAT payment:

Medical services

Q25 Value Added Tax has the following characteristics except

It is a personal inco me tax.

Q26 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.. can be defined as income generated by public sector from various services rendered.

Govern ment (Public) revenue

Q27 The means by which the CBN engages in a regular dialogue with banks and other financial institutions to encourage enhanced efficiency in the banking industry is called􀳦?􀳦..

Moral Suasion

Q28 One of the following is not the primary objectives of monetary policy in Nigeria in recent years:

to curb aggregate demand in the economy

Q29 􀳦?􀳦.. is concerned with discretionary control of money supply by the monetary authorities in other to achieve stated or desired economic goals.

Monetary policy

Q30 The items on the Concurrent legislature list in Nigeria exclude one of the following

legal tender currency

Q31 The responsibilities of the federal Government are listed􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.

in the exclusive le gislative list

Q32 􀳦?􀳦􀳦?􀳦􀳦?􀳦 means the reduction of taxes in certain areas of the economy in order to increase disposable income among businessmen, individuals and corporate bodies

Fiscal policy through ta xation

Q33 The oil boom of the 1970s propelled Nigeria into the class of countries with 􀳦?􀳦􀳦?􀳦􀳦?􀳦

higher per capita income

Q34 The government may 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦... in order to reduce imports and encourage exports so as to minimise the balance of payment deficits

impose taxes

Q35 The objectives of development plans do not include one of the following .

to achieve full employment

Q36 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. means having to do with taxation, public revenue or public debt

Fiscal

Q37 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. is based on norms and value of good governance with corporate identity and focus.

public financial management

Q38 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.. is lacking when government activities are conducted in secret.

Democratic con sent

Q39 Those who are charged with the responsibility of ensuring that the inflows and outflows of money are so arranged that money is always available to make necessary payments as they arise are called

Public Finanacial Managers

Q40 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦..is defined as the measures put in place to control the people's money or funds.

Public financia l management




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Richtubor
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Re: NOUN TMA Questions and Answers: BFN852- Public Financial Management

Postby Richtubor » Thu Feb 07, 2019 7:18 am

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Q41 The following factors militate against the ability of public entreprise to perform except

provision of indivisible goods

Q42 The following are the Public Financial Control authorities in Nigeria except

The Permanent secretary of ministry of com merce and industry

Q43 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. is a budget for public sector organisation in which all
expenditures must be justified afresh each year and not just amounts in excess of the previous year

Zero-Based Budgeting (ZBB)

Q44 The following are the purposes of budgeting for both business and public sectors except one of the followig:

to check inflatio n

Q45 The following reasons have been advanced for imposing taxes on citizens except:

To reduce income and wealth in order check equality.

Q46 The use of Revenue Allocation Formula for sharing Federation Account revenue in Nigeria is based on 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦..

prevailing politica l structure

Q47 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦... can be defined as the amount charged by the government for every goods or services purchased from time to time.

consump tion tax

Q48 Indirect taxes are􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.

Capital gains tax

Q49 Oil revenue does not include one of the following:

Miscellaneous receipts

Q50 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. is an indirect monetary policy instrument introduced to influence the level of money supply in the economy

Open Market O peration (OMO)

Q51 The major instruments of fiscal policy when there are fiscal gaps in the operation of a budget exclude one of the following:

Central Bank lending rate

Q52 Examples of goods that are collectively and indivisibly consumed exclude one of the following:

residential accommodation

Q53 One of the peculiarities of government accounting is that it is maintained on􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?

cash basis

Q54 The principles of public Financial Management System exclude one of the following.

pivot of the economy

Q55 The flow and management of funds is the 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦...of our system of public administration.

life blood

Q56 Mechanisms for Government Intervention in the economy exclude one of the following:

regulation of natur al monopolies

Q57 In public financial management, every decision is based on 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦? 􀳦􀳦?􀳦... back-up by public policy

equity and efficiency

Q58 One of these is not government's conceptual functions in a modern economy.

Setting out the required organisational str uctures

Q59 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦 is concerned with income and expenditure measures of the public budget authorities together with the adjustment of one to the other.

Public F inance

Q60 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.. is a function in business (private/public) that acquires funds for the organisation and manages those funds within the organisation.

Finance

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Richtubor
Posts: 502
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Re: NOUN TMA Questions and Answers: BFN852- Public Financial Management

Postby Richtubor » Thu Feb 07, 2019 7:20 am

Email: Solutions2tma@gmail.com
Whatsapp: 08155572788

Q61 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. involves illegal means of reducing the tax payable by making false returns or by deliberate omission from the return of some sources of income.

Tax evasion

Q62 The higher the tax base, the higher the tax rate is􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.

Progressive Tax:

Q63 Direct Personal Income Tax was introduced in Nigeria by the then Britain Governor-General in􀳦?

1904

Q64 Independent revenue sources to the government of Nigeria include:

Income from Government Investment

Q65 Goods exempted from VAT are:

Medical and pharm aceutical

Q66 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.the amount charged by the government for every goods or services purchased from time to time.

Value Added Tax (VAT)

Q67 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.. is an indirect monetary policy instrument introduced to influence the level of money supply in the economy.

Open Market Operation (OM O)

Q68 One of these is not the primary objective of monetary policy in Nigeria in recent years:

Restriction of monetary policy .

Q69 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦. is designed to achieve the objective of price stability, growth, balance of payments equilibrium, full employment, mobilisation of resources and investment

Fiscal policy

Q70 Goods that are collectively and indivisibly consumed are called

Public goods

Q71 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.described public goods as 􀳦??goods possessing the basic
characteristics of non-appropriate-ability, non-rivalry and non-excludability in consumption􀳦?􀳦

Due and Friedland er (1977)

Q72 Fiscal means having nothing to do with 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦....

Expenditure

Q73 One of the following is not object of Government Accounting

To know the profit or loss of government transactions

Q74 One of these is not a characteristic of a budget.

profit

Q75 The various instruments for government intervention in the economy include:

Monetary Policies

Q76 The role of financial management does not include􀳦?􀳦􀳦?􀳦􀳦?􀳦..

regulating the circulation of money in the economy.

Q77 One of these is not a conceptual function of government in a modern economy.

Buying and selling of treasury b ills

Q78 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦.defined public financial management as 􀳦??the measures put in place to control the people􀳦??s money or funds

Ola and Offion g (2008)

Q79 􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦... refers to all activities of government in generating and allocating (spending) revenue towards ensuring efficiency of the state and the general well-being of the people.

Public Finance

Q80 The acquiring and managing of funds by organisations is called􀳦?􀳦􀳦?􀳦􀳦?􀳦􀳦?􀳦..

Finance




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