Sources of government revenue - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2010

As evidence of payments to a government ministry, the revenue collectors will issue?

A. Treasury receipt
B. Receipts vourcher card
C. Treasury card
D. Stores receipts vourcher

Question 7:

• JAMB 2011

Which of the following accounts for the highest revenue to Nigeria?

A. Import duties
B. Personal income tax
C. Petroleum income tax
D. Company tax

Question 8:

• JAMB 2012

Which of the following is a source of revenue to the federation account?

A. Market fees
B. Bicycle licences
C. Tarrifs
D. Property rates

Question 9:

• JAMB 2016

The major sources of revenue for the state and local governments is

A. Value added tax
B. Statutory allocation
C. Taxes and levies
D. Recurrent revenue

Question 10:

• JAMB 2018

The current growth in the volume of trading and financial dealings in nigerian is helped by?

A. Credit as a factor in business
B. Payments for goods in cash
C. Increased financial activities
D. Government intervention