Public Finance - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A form of tax that is mildly progressive and regressive is_______

A. Proportional tax
B. Progressive tax
C. Regressive tax
D. Digressive tax

Question 2:

• JAMB 2019

Taxes and government expenditures are instruments of____________

A. Monetary policy
B. Tax policy
C. Economic policy
D. Fiscal policy

Question 3:

• JAMB 2019

An ad valorem tax is imposed on_____?

A. Exports
B. Imports
C. The Value of a Commodity
D. Special Commodities

Question 4:

• JAMB 2019

Which of the following is not a direct tax?

A. Capital gains tax
B. Purchase tax
C. Personal income tax
D. Capital tax

Question 5:

• 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