Taking the Board Licensure Examination for Professional Teachers (BLEPT), formerly known as Licensure Examination for Teachers (LET)? We gathered thousands of practice questions for you.
Try these online reviewer for General Education - Social Science below to enhance your knowledge.
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Direction:
Select the letter of the best answer.
1.
He is the father of modern economics.
a.
Adam Smith
b.
Charles P. Kindleberger
c.
Simon Kuznets
d.
Merton Miller
Answer:
a. Adam Smith
2.
Which of the following does NOT define economics?
a. It is a branch
of science that studies the process of production, consumption and exchange of
wealth.
b. It is a study of mankind in the
ordinary business of life.
c. It is the science of Human Behavior as
relationship between ends and a scarce means which have alternative uses.
d. It is a field that is concerned with
the allocation (investment) of assets and liabilities over space and time,
often under conditions of risk or uncertainty.
Answer:
d. It is a field that is concerned with the allocation (investment) of assets
and liabilities over space and time, often under conditions of risk or
uncertainty.
3.
According to Gregory Mankiw in his Principle of Economics, which of the
following does NOT describe the Principle of People Face Tradeoffs?
a.
To get one thing, we usually have to give up another thing.
b. The opportunity cost of an item is what you give up to
obtain them.
c.
Making decision requires trading off one goal against another.
d.
Efficiency versus Equity
Answer:
b. The opportunity cost of an item is what you give up to obtain them.
4.
_______ is a fundamental economic problem of having
seemingly unlimited human wants in a world of limited resources.
a. Self-interest
b. Scarcity
c. Marginal Changes
d. Social interest
Answer:
b. Scarcity
5.
Based on the Phillip Curves, the decrease in inflation
will result to _______.
a. increase in unemployment.
b. decrease in unemployment.
c. market failure to allocate resources
efficiently.
d. decrease in the quantity of money
being created.
Answer:
a. increase in unemployment.
6.
_______ refers to any human activity which is performed
in exchange for money or money’s worth.
a. Job
b. Incentives
c. Economic activity
d. Market economy
Answer:
c. Economic activity
a. It is concerned with the
utilization of naturally occurring resources.
b. The natural products of
primary activities are processed and changed into other forms.
c.
It is the method used by society to produce and distribute goods and services.
d. It does not produce a
good but serves as an aid in the process of production.
Answer:
c. It is the method used by society to produce and distribute goods and
services.
8.
_______ represents
goods produced in one country and shipped to another country for future sale or
trade, adding to the producing nation's gross output.
a. International Trade
b. Globalization
c. Export
d. Import
Answer:
c. Export
9.
Suppose the supply for product A is perfectly elastic.
If the demand for this product increases, _______.
a. the equilibrium price and
quantity will increase
b. the equilibrium price and
quantity will decrease
c. the
equilibrium quantity will increase but the price will not change
d. the equilibrium price
will increase but the quantity will not change
Answer:
c. the equilibrium quantity will increase but the price will not change
10.
Which of the following is NOT covered by tax?
a. Donation
b. Royalties
c. Charitable institutions
d. Prizes and winnings
Answer:
c. Charitable institutions
11.
Tax is generally defined as _______.
a. any revenue
collected by the government
b. the amount deducted from an
employee
c. imposition of additional
payment for goods and services
d. a schedule of duties
imposed by the government to its citizen
Answer:
a. any revenue collected by the government
12.
_______ refers to the payment we made to the government
through the Bureau of Internal Revenue.
a. Income tax
b. Compensation and
self-employment income
c. Estate tax
d. National taxes
Answer:
d. National taxes
13.
The import and export tariffs are being levied by what
government office?
a. Bureau of Internal
Revenue
b. Bureau of Customs
c. Philippine Port Authority
d. Department of Budget and
Management
Answer:
b. Bureau of Customs
14.
A Community Tax Certificate is issued by the cities or municipalities to all individuals
that have reached the age of 18 years old and have paid the necessary dues
arising from income derived from the following EXCEPT:
a. business
b. exercise of profession
c. ownership of properties in the area
d. documents and loan agreements
Answer:
d. documents and loan agreements
15.
Which of the following is NOT an example of local taxes
in the Philippines?
a. Tax on Business
b. Professional Tax
c. Income Tax
d. Amusement Tax
Answer:
c. Income Tax
16.
Which of the following is NOT an example of national taxes
in the Philippines?
a. Capital Gains Tax
b. Documentary Stamp Tax
c. Value-added Tax
d. Tax on Transfer of Real
Property Ownership
Answer:
d. Tax on Transfer of Real Property Ownership
17. _______ is a document issued by the barangay for
government transactions such as when applying for business permit within the city
or municipality.
a. Cedula
b. Barangay Clearance
c. Barangay ID
d. Documentary Stamp
Answer:
b. Barangay Clearance
18. The Tax
Reform for Acceleration and Inclusion (TRAIN) Law is the implementation of
_______.
a. Republic Act 10963
b. Republic Act 10066
c. Republic
Act 10693
d. Republic Act 10966
Answer:
a. Republic Act 10963
19.
The key component of the TRAIN law is the lowering of
personal income tax and exempting _______.
a. the first P220,000 income
of all individuals
b.
the first P250,000 income of all individuals
c. all minimum wagers
d. all freelancers and self-employed
Filipinos
Answer:
b. the first P250,000 income of all individuals
20.
What does DAR mean?
a. Department of
Agricultural Reform?
b. Department of Agriculture
and Reclamation
c. Department of Agrarian
Reform
d. Department of
Agricultural Reformation
Answer:
c. Department of Agrarian Reform
21.
What was the first law on crop sharing which legalized
the 50-50 share between landlord and tenant with corresponding support to
tenants protecting them against abuses of landlords?
a. Republic Act No. 1400
b. Republic Act No. 4054
c. Commonwealth Act No. 608
d. Republic Act No. 8532
Answer:
b. Republic Act No. 4054
22.
He is considered the father of Agrarian Reform.
a. Ramon Magsaysay
b. Carlos P.
Garcia
c.
Diosdado Macapagal
d. Ferdinand E. Marcos
Answer:
c. Diosdado Macapagal
23.
Which of the following is NOT a characteristic of Agrarian Reform?
a. Vital position of agriculture in
national economy
b. Obstacles to agricultural
productivity
c. An instrument for increasing
agricultural productivity
d. Control of agriculture
activities for the rapid development of commercial industry
Answer:
d. Control of agriculture for the rapid development of commercial industry
24. Agrarian Reform is comprised of land reform and
development of complimentary institutional framework such as the following
EXCEPT:
a. government agencies
b. rural
education
c. social welfare institutions
d. business and companies
Answer:
d. business and companies
25.
An act instituting a comprehensive agrarian reform
program to promote social justice and industrialization, providing the
mechanism for its implementation, and for other purposes is _______.
a. Republic Act No. 6657
b. Republic Act No. 9700
c. Republic Act No. 8532
d. Republic Act No. 7881
Answer:
a. Republic Act No. 6657
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