1. The document contains multiple choice questions about various topics including taxation, supply and demand, income levels, money, government departments, market equilibrium, history, and geography. 2. The questions test knowledge of concepts like the definition of taxation, the law of supply, tax brackets, features of money, government agencies, market surpluses and shortages, people and events in Philippine history, and locations of capitals and continents. 3. The document is assessing understanding of economic, governmental, historical and geographic information through multiple choice questions.

1. 1. it is the inherent power of any state to enforce proportional contributions on citizens, products and properties or
rights for the prime purpose of generating revenues for the use of the government.
a. tax b. taxation c. income tax d. land reform
2. the positive relationship between price and quantity supplied: an increase in market price will lead to an increase in
quantity supplied, and a decrease in market price will lead to a decrease in quantity supplied.
a. supply b. demand c. law of supply d. law of demand
3. Considering this situation of individual income earner: Mr Gomez who is head of the family and has 3 children
earned Php.100,000 for the year. As perceive in the tax schedule, in what level does his amount falls in taxable
income?
a. over 30,000 but not over 70,000
b. over 70,000 but not over 140,000
c. over 140,000 but not over 250,000
d. over 250,000 but not over 300,000
4. in the given choices, which is not belong as being features of money?
a. general acceptability b. legal tender c. divisibility d. medium of exchange
5. what executive department in our country which takes care of collecting tariffs from foreign goods.
a. Bureau of Internal Revenue
b. Department of Finance
c. Department of budget and management
d. Bureau of customs.
6. analysing the situation of equilibrium of supply and demand: the price of rice is at P30 per kilo. At this price,
producers are very much willing and able to supply 14,000 kilos of rice, but the consumers are only willing to purchase
or buy about 2,000 kilos of that product at the same period. What particular result will happen in the market?
a. shortage b. surplus c. equilibrium d. floor price
7. on November 1, 1897, the biak na bato constitution was approved by the revolutionary teachers. The biak-na – bato
republic was also established. Its president was.
a. Emilio Aguinaldo
b. Miguel malvar
c. pedro paterno
d. flaviano yanco
8. which is the Philippines’ basic institution?
a. barangay b. government c. family d. school
9. based on our constitution, who is the most powerful politician in our country?
a. prime minister b. executives c.president d. none of the above
10. all except one are the types of land used in land valuation under presidential decree 27. Which is the exception?
a. coconut land b. cornland c. lowland rice irrigated d. lowland rice unirrigated
11. what is the significance of the PD 27?
a. it declared the country as a land reform area.
b.it increased the participation of masses in the government
c. it introduced the rural education program
d. none of the above
12. many revolts erupted in the different parts of the Philippines against the Spaniards. The longest revolt was led by:
a. Malong b. Silang c. Sumuroy d. Dagohoy
13. the name great Malayan refers to:
a. Quezon b. Rizal c. Bonifacio d. Aguinaldo
14. there were three degrees of membership in the Katipunan. A member of the first degree was called Katipunan. His
password was.
a. Anak ng Bayan b. Rizal c. Pinuno d. None of the above
15. an ancient Filipino musical instrument similar to the guitar is the___
a. Kumintang b. Kudyapi c. Gong d. None of the above
16. what name did Magellan give the Philippines?

2. a. las islas Filipinas
b. Ladrones islands
c. Islas de San Lazaro
d. Perlas del Mar del Oriente
17. He is the historical icon known as the ‘great soul’
a. Sukarno b. Gandhi c. Mao Tse Tung d. Confucius
18. in what continent you can find the capital of Dili?
a. Asia b. Europe c. Africa d. North America
19. what is the Equilibrium price if the market has the following functions: Quantity Demanded = 400-6P and Quantity
Supplied = -400 + 10P.
a. 50 b. 60 c. 55 d. 30
20. what is the largest landlocked country?
a. Kazakhstan b. China c. Brazil d. Mongolia
Clincher
1. what is the largest island in the world? (Greenland)
2. what is the capital of the state – Egypt? (Cairo)
3. Asian country that split its boundary to 17th
parallel? (Vietnam)
4. regarded as the father of communism. (Karl Marx)
5. this intenational body is actually a specialized agency of United Nations, the objective of which is to promote
international monetary cooperation and the growth of world trade, and coordinate multilateral payment
arrangements among member states. (International Monetary Fund)