Government budget and public debts - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2017

Which of the following is correct?

A. Traditional budgeting focuses on goals and objectives
B. Zero based budgeting produces a single level of appropriation for an activity
C. Traditional budgeting starts with last funding appropriation
D. Zero based budgeting does not systematically consider alternatives to current operations

Question 3:

• JAMB 2017

Which of the following budgets will increase government expenditure?

A. Zero base budget
B. Surplus budget
C. Deficit budget
D. Balanced policy

Question 4:

• JAMB 1978

A budget deficit means

A. That a country is buying more than is selling
B. That a country is selling more than is buying
C. That a government is spending more than in takes in taxation
D. That a government is spending less than it takes in taxation
E. That a government is spending as much as it takes in taxation

Question 5:

• JAMB 1979

If a government is running deficit, this means

A. A term of trade are unfavourable
B. More project cannot be undertaken
C. Tax inflow is greater than expenditure
D. Aggregate demand is greater than aggregate supply
E. Tax inflow is less than expenditure