Lesson 14: Funds Of The Government Question Preview (ID: 55209)


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Why are taxes important?
a) This helps the government create projects and programs for the people.
b) It is just an added expense for workers.
c) Taxes are not important to the public.
d) The government will just use the money collected for their own benefit.

Which government agency gathers information about the country's population?
a) Philippine Statistics Authority
b) National Statistics Office
c) Department of Health
d) Social Security System

These are paid by people who violate the law.
a) Fines
b) Sales Tax
c) Income Tax
d) Value Added Tax

This is a government-owned-and-controlled corporations.
a) Light Rail Transit Authority
b) Globe Communications
c) MERALCO
d) PLDT

This refers to the total number of people in a certain place.
a) Population
b) Community
c) Culture
d) Religion

This is the primary source of income of the government.
a) Taxes
b) GOCCs
c) Fees
d) Fines

People buying products or any items pay this kind of tax.
a) Sales Tax
b) Income Tax
c) Fine Tax
d) Value Added Tax

Business owners and employees pay this kind of tax.
a) Income Tax
b) Sales Tax
c) Value Added Tax
d) License Fee

They provide services, projects, and programs for the people.
a) Government
b) Banks
c) Restaurants
d) Students

What is NOT an effect of a fast-growing population?
a) More opportunity to study and work
b) Limited land area
c) Depletion of natural resources
d) More waste and garbage materials

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