Public Finance N5 — Document

June 2021 — N5 — Public Finance

N5 2021 Nated Business

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🎯 2 marks ⏱️ 3h 📄 5 pages 📝 44 items found 📚 3 topics

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Q1— Section header —

1.1Explain the following terms:

1.1.1Laissez faire approach

1.1.2Tender board

1.1.3Indirect participation

1.1.4Imprisonment

1.1.5Allocation of funds

1.1.6Financial service

1.1.7Parliament

1.1.8Economic welfare

1.1.9Democracy

1.1.10

1.2Indicate whether the following statements a e TRUE or FALSE by writing only 'True' or 'False' next to the question number (1.2.1

1.2.15\in the ANSWER BOOK.

1.2.1The budget is debated in parliament so that all political representatives from all parties have a chance to see whether the democra tic principles are being followed or not.

1.2.2The a uditor general may summon any person or legal body to give evidence.

1.2.3Monetary control means the control of exchange rates (rates of exchange with foreign currencies\

1.2.4The maint enance of roads was always considered a collective service because the funding came directly from tax.

1.2.5The chief financial officer is responsible for the correctness of financial transactions and also has to submit reports to the financial comm ittee of the council.

1.2.6Contracting out means to allow private individuals to supply services. 21010045 Copyright reserved

1.2.7A price per unit can be determined for services which make it apportionable services.

1.2.8The accounting officer has the authorit y to collect, handle and utilise state funds.

1.2.9Waterworks is an example of a state enterprise

1.2.10he current trend by municipalities to place a box in each house which indicates the rate of supply of electricity is an attempt to make pe ople aware of their consumption.

1.2.11The legislature is responsible for safeguarding public funds.

1.2.12Parliament is the guardian of the public revenue and money

1.2.13Municipalities get their revenues from the use of sports faciliti es, excise duties and renting of property.

1.2.14The voter and taxpayer has what is called original authority in a true democracy.

1.2.1550

2.1

2.2Discuss the way in which central government uses revenue and issue grants to local or provincial power in order to lessen the effect of vertical inequalities in financial prosperity and capacity.

2.3

2.4

2.5Name TWO determinations of the financial needs of the community. (2\ [50] 2101004550

Q3— Section header —

3.1

3.2

3.3

3.450

Q4— Section header —

4.1

4.2

4.3

4.4State FOUR responsibilities of the government of laissez faire system

Topics Identified

Business FunctionsLeadershipBusiness Plan

Mark Allocation

Total150 marks

Sections50 + 50 + 50 + 50 = 200 marks

Paper information

TitleDocument

SubjectPublic Finance

LevelN5

Document typeQuestion paper

Year2021

MonthJune

Pages5

Downloads4

Examination context

Decade2020s

Years ago5y

SeasonWinter (SH)

Start dayTuesday

Exam periodJune 2021

Days since exam1,959

About Public Finance examination preparation

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File size268 KB

Pages5

Archived on8 September 2026

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