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Sam’s British History > Chancellors of the Exchequer > Flashcards

Chancellors of the Exchequer Flashcards

(48 cards)

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1
Q

What is the primary role of the Chancellor of the Exchequer?

A

To oversee the economic and financial matters of the government.

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2
Q

True or False: The Chancellor of the Exchequer is a member of the Cabinet.

A

True

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3
Q

Fill in the blank: The Chancellor of the Exchequer is responsible for the __________.

A

Treasury

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4
Q

Who was the first Chancellor of the Exchequer?

A

Sir Robert Walpole

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5
Q

What year was the position of Chancellor of the Exchequer first established?

A

1694

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6
Q

Multiple Choice: Which of the following is a key responsibility of the Chancellor of the Exchequer? A) Defense policy B) Economic policy C) Education policy

A

B) Economic policy

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7
Q

Name one significant budget that a Chancellor of the Exchequer is responsible for presenting.

A

The annual budget

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8
Q

True or False: The Chancellor of the Exchequer manages public spending.

A

True

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9
Q

What is the official residence of the Chancellor of the Exchequer?

A

11 Downing Street

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10
Q

Who is the current Chancellor of the Exchequer as of October 2023?

A

Jeremy Hunt

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11
Q

Fill in the blank: The Chancellor of the Exchequer is responsible for setting __________.

A

tax rates

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12
Q

What is the name of the report that the Chancellor presents to Parliament?

A

The Budget Report

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13
Q

Multiple Choice: In which political party is the Chancellor of the Exchequer usually affiliated? A) Labour B) Conservative C) Liberal Democrats

A

B) Conservative

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14
Q

True or False: The Chancellor of the Exchequer can influence monetary policy.

A

True

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15
Q

What is one of the key tools used by the Chancellor to manage the economy?

A

Fiscal policy

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16
Q

Who appoints the Chancellor of the Exchequer?

A

The Prime Minister

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17
Q

Fill in the blank: The Chancellor of the Exchequer is responsible for the management of __________.

A

public finances

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18
Q

What is the term used for the financial plan presented by the Chancellor?

A

The Budget

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19
Q

Name one major challenge that Chancellors of the Exchequer face.

A

Economic recession

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20
Q

Multiple Choice: Which of the following is NOT a responsibility of the Chancellor? A) Setting interest rates B) Collecting taxes C) Managing public debt

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A

A) Setting interest rates

21
Q

What is the name of the department that the Chancellor oversees?

22
Q

Fill in the blank: The Chancellor’s decisions can impact __________ across the country.

Study These Flashcards
A

economic growth

23
Q

Who was Chancellor of the Exchequer during the 2008 financial crisis?

Study These Flashcards
A

Alistair Darling

24
Q

True or False: The Chancellor is responsible for public sector wages.

25
What is a 'spending review' in relation to the Chancellor of the Exchequer?
A process to allocate government spending for a set period.
26
Multiple Choice: Which Chancellor was known for introducing the 'New Deal' in the UK? A) Gordon Brown B) George Osborne C) Rishi Sunak
A) Gordon Brown
27
What is the main aim of the fiscal policies implemented by the Chancellor?
To manage the economy and promote growth.
28
Fill in the blank: The Chancellor often faces scrutiny from the __________.
Opposition party
29
True or False: The Chancellor of the Exchequer has the ability to influence the Bank of England's policies.
True
30
What is the significance of the Autumn Statement?
It provides an update on the economy and government spending plans.
31
Who was the first female Chancellor of the Exchequer?
N/A (as of October 2023, there has been no female Chancellor)
32
Multiple Choice: Which Chancellor introduced the 'austerity measures' in the UK? A) Alistair Darling B) George Osborne C) Rishi Sunak
B) George Osborne
33
What economic indicator is a Chancellor likely to monitor closely?
GDP growth
34
Fill in the blank: The Chancellor is often seen as the __________ person in the government.
most powerful
35
What is the term for the official predictions of government revenues and expenditures?
Economic forecasts
36
Who succeeded George Osborne as Chancellor of the Exchequer?
Philip Hammond
37
Multiple Choice: Which Chancellor was in office during Brexit negotiations? A) Philip Hammond B) Sajid Javid C) Rishi Sunak
A) Philip Hammond
38
Fill in the blank: The Chancellor's office is often referred to as __________.
the Treasury
39
What is the term for the tax levied on income in the UK?
Income tax
40
Who is responsible for the UK's public borrowing?
The Chancellor of the Exchequer
41
Multiple Choice: Which Chancellor introduced the 'Help to Buy' scheme? A) Alistair Darling B) George Osborne C) Rishi Sunak
B) George Osborne
42
What is the role of the Chief Secretary to the Treasury?
To assist the Chancellor in managing the Treasury.
43
Fill in the blank: The Chancellor often presents the Budget in __________.
March
44
True or False: The Chancellor of the Exchequer is responsible for pension policies.
True
45
What is the significance of the Red Book?
It contains detailed information about the Budget and economic forecasts.
46
Who was the Chancellor of the Exchequer during the COVID-19 pandemic?
Rishi Sunak
47
Multiple Choice: Which Chancellor is known for the phrase 'We're all in this together'? A) Gordon Brown B) Alistair Darling C) George Osborne
C) George Osborne
48
Fill in the blank: The Chancellor is expected to promote __________ growth.
sustainable

Sam’s British History (17 decks)

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