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Govt test 4 pt 4

Terms in this set (30)

The real legislative work on the budget is done in
A. the conference
B. on the floor
C. in committee
D. absentia
C. in committee
A general obligation bond is one that
A. is paid by the receipts from the area that has borrowed the money.
B. will allow the state to continue its pay-as-you-go fiscal policies.
C. is backed by the full faith and credit of the state.
D. is not influenced by the state's credit rating.
C. is backed by the full faith and credit of the state.
According to critics, Texas' tax structure puts an unfair burden on low-income people because of its heavy reliance on
A. sales and property taxes
B. sales and income taxes
C. property and income taxes
D. cigarette and franchise taxes
A. sales and property taxes
State government's primary tax administrator is the
A. governor
B. lieutenant governor
C. treasurer
D. comptroller
D. comptroller
An important factor in the Texas economy's downturn in the 1980s was the state's historical dependence on
A. service industries.
B. the banking industry.
C. natural resources.
D. federal grants.
E. none of the above.
C. natural resources.
Although Texas was given a grade of "D" in 1991 by the nonprofit corporation for Enterprise Development, the state received high marks for
A. its educational system.
B. economic performance.
C. international marketing.
D. state policies.
E. technology.
E. technology.
Which of the following categories is providing the greatest share of revenue in the Texas budget for the 1996-97 biennium?
A. Taxes
B. Federal grants
C. Fees and other sources
D. Investment income
E. None of the above
A. Taxes
Which of the following officials serves as the state's tax collector?
A. Attorney general
B. Treasurer
C. Comptroller
D. Secretary of state
E. Auditor
C. Comptroller
Which of the following types of federal grants could be used only for programs specified in the grant?
A. Categorical grants-in aid
B. General revenue sharing
C. Block grants
D. Community development grants
E. None of the above
A. Categorical grants-in aid
Nontax sources of state revenues in Texas include
A. federal grants.
B. borrowing.
C. fees.
D. interest.
E. all of the above.
E. all of the above.
Because framers of the state constitution believed in "pay-as- you-go" government, emergency borrowing by the state must be approved by
A. a two-thirds majority vote of the legislature.
B. a four-fifths majority vote of the legislature.
C. the governor, the lieutenant governor, and the speaker of the House.
D. the governor, the treasurer, and the comptroller of public accounts.
E. the lieutenant governor, the speaker of the House, and the treasurer.
B. a four-fifths majority vote of the legislature.
Which of the following taxes is both regulatory and revenue- producing?
A. The general sales tax
B. The insurance premium tax
C. The ad valorem property tax
D. The tobacco and alcohol tax
E. None of the above
D. The tobacco and alcohol tax
Which of the following types of tax does Texas not have?
A. Motor fuels tax
B. Personal income tax
C. Excise tax
D. General sales tax
E. Severance tax
B. Personal income tax
Which of the following is exempt from the general sales tax in Texas?
A. Food sold in grocery stores
B. Food sold in restaurants
C. Over-the-counter drugs
D. Books
E. All of the above
A. Food sold in grocery stores
The taxes Texas levies on tobacco products, alcoholic beverages, and gasoline are known as _________ taxes.
A. corporation franchise
B. general sales
C. excise
D. gross receipts
E. severance
C. excise
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