12th Grade Budgeting & Fiscal Policy Quizzes, Questions & Answers

12th Grade

Popular Budgeting & Fiscal Policy Topics

Top Trending Budgeting & Fiscal Policy Quizzes

The federal budget makes up almost 21 percent of the United States economy. The spending is divided into mandatory, discretionary and interest expenses. How well do you understand the federal budget, how it is prepared and...

Questions: 10 | Attempts: 284 | Last updated: Mar 22, 2025

Sample Question 1
Which of the following functions is given specific constitutional power of the purse?

Office of Management and Budget

President

Congress

Special interest groups

Executive agencies

Sample Question 2
If congress does not pass a budget by the beginning of the fiscal year, then which of the following takes place?

The president can impose a budget to keep the government running.

The Courts can step in and create a temporary budget.

The congress must pass a continuing resolution.

Government offices are automatically shut down.

The contigency budget goes into effect.

Sample Question 3
The federal government may borrow money from all the following EXCEPT:

Trust funds.

Foreign investors.

Commercial banks.

Money market funds.

The United States Treasury.

Recent Budgeting & Fiscal Policy Quizzes

Union Budget Quiz: Set 1

This Union Budget Quiz assesses knowledge on the presentation and history of India's Union Budget. It covers key figures, budget timing, and terminology, essential for learners interested in Indian governance and economic...

Questions: 10 | Attempts: 70975 | Last updated: Apr 10, 2025

Sample Question
Union Budget of India is presented by whom and in which house/ houses of the Parliament?

Finance Minister of India; Lok Sabha

Prime Minister of India; Rajya Sabha

Cabinet Secretary; Both Lok Sabha and Rajya Sabha

President of India; in joint session of Parliamnet

Do You Know The Federal Budget?

Do You Know the Federal Budget?

Test your knowledge on this fun quiz brought to you by National Priorites Project.

Questions: 10 | Attempts: 159 | Last updated: Oct 4, 2025

Sample Question
United States Citizens contribute what percent of the government’s total tax revenues each year (not including borrowing) through individual income taxes and payroll deductions?

25%

60%

75%

43%