Public Finance - Jamb Economics Past Questions and Answers

Question 46:

• 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 47:

• JAMB 1984

In taxation, the benefit principle requires that?

A. Everybody must draw benefit from taxation
B. All those who earn more income must pay more taxes
C. Only those who derive benefit from services provided from public revenue should be taxed
D. Taxes paid by businesses should be shifted to those consumers benefiting from such consumer commodities
E. Everybody pays an equal amount

Question 48:

• JAMB 1984

The economic goal of public utilities is to?

A. Maximize profit
B. Expand assets
C. Minimize costs
D. Provide essential services
E. Pay higher dividends to shareholders

Question 49:

• JAMB 1984

Generally, property taxes?

A. Are borne entirely by landlords
B. Cannot be shifted in the long run
C. Are borne by all (renter, owner occupiers and landlords)
D. Are borne only by renters
E. Are borne by a few industrialist

Question 50:

• JAMB 1984

One of the major effects of an increase in government expenditure on a nation’s economy is that it?

A. Creates investment opportunities for foreign investors
B. Leads to indigenization of the private sector
C. Raises the level of total tax revenue
D. Raises the level of aggregate demand
E. Controls the spread of monopoly