Public Finance - Jamb Economics Past Questions and Answers

Question 66:

• JAMB 1988

Which of the following is a direct tax?

A. Sales tax
B. Purchase tax
C. Export duties
D. Property tax

Question 67:

• JAMB 1988

Which of the following would most likely be considered an example of benefit taxation?

A. Excise tax
B. Corporate income tax
C. Property tax
D. Highway-user tax

Question 68:

• JAMB 1989

A tax is defined as regressive if?

A. The proportion of income paid as tax increase as the income level increases
B. All income group pay the same percentage of their income as tax
C. The proportion if income taen by the tax falls as income increases
D. The proportion of income taken by the tax is a fixed nominal amount of income for all income groups

Question 69:

• JAMB 1989

The three groups of government revenue are?

A. Investment income, direct tax and indirect tax
B. Imports duties, excise tax and export duties
C. Company tax, personal income tax and import duties
D. Company tax, import duties and excise tax

Question 70:

• 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