Connect with us



EDUCATION UPDATES

NOUN TMA Questions and Answers: BFN852- Public Financial Management

1 0 135 - NOUN TMA Questions and Answers: BFN852- Public Financial Management


1 0 135 - NOUN TMA Questions and Answers: BFN852- Public Financial Management

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


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *