Public Finance N6 — Document
November 2020 — N6 — Public Finance
N6
2020
Nated Business
Preparing document
📋 Document Analysis
See full analysis
Questions — A Preview of What to Expect in the Document
76
This section provides a quick preview of questions from the document. It may not display every question or the complete wording of each one. For the full content, including diagrams, tables and other information, view the original PDF above.
Q1— Section header —
1.1Various options are given as possible answers to the following questions. Choose the answer and write only the letter (A D\ next to the question number (1.1.1
1.1.10\in the ANSWER BOOK.
1.1.1A taxpayer cannot expect to receive measurable value for each unit of currency paid over in the form of taxation. Pro bono Externalities Absence of quid pro quo
1.1.2Serv ices that are provided for which there is no charge. Electricity Defence of a nation Old age pension
1.1.3Certain bodies/persons th at are exempted from paying tax: on
1.1.4central overnment. substantial small
1.1.5consumption transfer value added
1.1.6grants. donations. loans. All of the above.
1.1.7The budgetary processes of ransparency, accountability and the effective financial management of t he economy, debt and the public sector.
1.1.8The budget information of the expenditure budget is classified in urpose of expenditure , expenditure items and sources of financing.
1.1.9unds are requested in the additional budget fo ew activities which were originally not taken into account when the main budget was drafted.
1.1.10ncome tax mport duty
1.2Indicate whether the followi ng statements are TRUE or FALSE by writing only 'True' or 'Fals e' next to the question number (1.2.1
1.2.10\in t he ANSWER BOOK.
1.2.1Tax generally applies to net income, in other words, the authorities allow certain deductions to be made.
1.2.2Interest earned from certain investments are also exempted from tax.
1.2.3Real property charges by local authorities comprise rates and taxes.
1.2.4The format for capital budgets is not standardised similar to operational budgets. 21010 076
1.2.5Any redistribution of wealth should go directly towards creating more wealth such as industrial and skills de velopment.
1.2.6Generally speaking, there is only one aim with taxation , namely to gather enough money to pay for services expected by the citizens of a country.
1.2.7Capital expenditure is spent for the purpose of acquiring infrastructure.
1.2.8At all times any budget should reflect the overall policy of the government of the day.
1.2.9A budget is a financial statement containing estimates of income and expenditure.
1.2.10Rebates are taken into account before deductions a re made. (10 2\ (20\
1.3Complete the following sentences by filling in the missing word or words. Write only the word or words next to the question number (1.3.1
1.3.10\in the ANSWER BOOK.
1.3.1id once to develop something in a community.
1.3.231 March each year.
1.3.4n budget comes into place.
1.3.5That portion of income, or wealth which is subject to taxation is
1.3.7Exemptions refer to allowing some institutions or n on profit
1.3.8the use of government owned properties such as sporting facilities.
1.3.9The wealth tax that you pay when you own land and building is
1.3.10
1.4Choose the correct word or words from those given in brackets below. Write only the word or words next to the question number (1.4.1
1.4.10\in the ANSWER BOOK.
1.4.1The government of the day might decide to use (monetary/fiscal\ policy to stimulate economic growth.
1.4.2Government budget must be valid for (6 months/12 months\.
1.4.3Duty imposed on personal property is referred to as (transfer duty/stamp duty\
1.4.4Excise duty is often referred to as (sin/property\x.
1.4.5Mining rights and licen es of various kinds are classified under (user charges /nominal levies\
1.4.6Levies on imported products are (transfers/income\to the government.
1.4.7The finance unit of each government department must provide a written (programme/motivation\report which accompanies estimates.
1.4.8(Corp orate income tax/Personal income tax\ is responsible for most of the revenue of the state.
1.4.9A differentiated tax structure provides for (social responsibility/ inflation\o be limited.
1.4.10
1.5Choose a description from COLUMN B that matches a term in COLUMN A. Write only the letter (A K\next to the question number (1.5.1
1.5.10\in the ANSWER BOOK. COLUMN A COLUMN B
1.5.10Personal tax Bracket creeping Contributions Budget year Consumer tariffs Nominal levies Incentives Ex post facto control Tensions
Q2— Section header —
2.1The budget speech is made in arliament by the Minister of Fina nce on the second Wednesday of February each year. Ministers and departmental eads are advised to exercise financial accountability when dealing with public
2.1.1Give THREE persons/offices that ar e given powers or authority by egislature to control state expenditure. (3\
2.1.2Priori control (4\
2.1.3Ex post facto control (4\
2.1.4Tax exemption (2\
2.2Describe any FIVE items or topics the Minister of Finance will talk a bout or cover as preamble in his udget peech. (5
2.3Discuss FOUR sources of state revenue. (4 3\ (12\
2.4Describe any FIVE tax levies applic able to local governments. (5 2\ (10\
2.5What do the following abbreviations stand for? .5.1 SARS .5.2 GST .5.3
Q3— Section header —
3.1The principl es of good governance that apply to the executive and administrative bodies also apply to local government. State and discuss the TWO types of budget that are found in local government. Give
3.2Name and briefly descri be TWO different types of taxation. Illustrate your answer with one applicable example of each. (10\
3.3Outline the steps or phases involved in the budget cycle. (8\
3.4Explain the term economic regulatory function (8\
3.5What do you unde rstand by the term nominal levies for an individual? (2\
3.6Differentiate between user charges and consumer tariffs and give ONE example of each. (6\
3.7List THREE special exemptions that are used to promote economic development. (3 2\ (6\ [50]50
Q4— Section header —
4.1The budget becomes an operating programme once the budget debate ha been concluded. State FIVE important ways in which the budget is used to check spending.
4.2Describe the FOUR criteria that are used to prioriti e capital budgeting. (4 2\ (8\
4.3Indicate the FOUR budget issues and problems during the capital budgeting process. (4 2\ (8\
4.4List any TWO external sources of apital. (2 2\ (4\
4.5State THREE important functions of import duty. (3 2\ (6\
4.6Explain why employees must pay income tax. (4\
4.7Name the FIVE main steps in developing a policy operating programme. (5 2\ (10\ [50] TOTAL SECTION B: 100 GRAND TOTAL:50
Topics Identified
3
Business EnvironmentsBusiness FunctionsLeadership
Mark Allocation
Total200 marks
Sections100 + 50 + 50 + 50 = 250 marks
Paper information
TitleDocument
SubjectPublic Finance
LevelN6
Document typeQuestion paper
Year2020
MonthNovember
Pages9
Downloads10
Examination context
Decade2020s
Years ago6y
SeasonSpring (SH)
Start daySunday
Exam periodNovember 2020
Days since exam2,171
About Public Finance examination preparation
This TVET examination resource can be used as part of a structured revision programme. Past papers are most useful when learners attempt questions independently, work within a realistic time limit, and review their answers afterwards.
How to use this resource for revision
A TVET past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason — was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?
For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.
understanding question requirements
applying subject knowledge
working under time constraints
checking answers
identifying revision priorities
A practical revision approach
Start by completing the resource without looking at the memorandum. Review incorrect and incomplete answers afterwards and make a short revision list based on the areas that caused difficulty.
File details
File size250.5 KB
Pages9
Archived on8 September 2026
File age47d
ContributorFreeMode
Fingerprint1E5070848184
Questions and learner discussion
Log in to ask a question or leave a review.
No questions or discussions have been posted yet.