Meaning and objectives of Public Finance - 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 2015

The situation whereby the government of a country spends more than its budgets for a given financial year is known as

A. Surplus budget
B. Deficit budget
C. Balanced budget
D. Minus budget

Question 3:

• JAMB 1983

Public expenditure creates expansionary effects in the economy when it is

A. In excess of government revenue
B. Channelled into capital products
C. Diverted into imports
D. Financed through part of the year's total collection of taxes

Question 4:

• JAMB 1983

When a government owns enterprises, a number of advantage arise. Which of the following is NOT one of such advantages?

A. More capital is provided
B. Price policy may be the interest of consumers
C. Government workers may be indifferents towards the public
D. Infrasturcture are rapidly developed
E. Income may be more evenly distributed

Question 5:

• JAMB 1989

The main objectives of public expenditure does NOT include?

A. Stabilization of national economy
B. Achievement of a more equitable income distribution
C. Meeting the social needs of the people
D. Revenue sharing and profit maximizationn