Public Finance - Jamb Economics Past Questions and Answers

Question 81:

• JAMB 1992

The objective of public finance is to promote?

A. Full employment, national income and price stability
B. Government revenue drive and expenditure to as high a level as possible
C. The expansion of government social services
D. Government revenue drive and minimize government expenditure

Question 82:

• JAMB 1992

An account from which allocations are made to the three tier of government in Nigeria is called the?

A. National Income Account
B. Public Sector
C. Federation account
D. National Revenue Mobilization Account

Question 83:

• JAMB 1993

Which of the following can be considered as being outside the objectives of public finance?

A. The allocation of resources to various sectors of the economy
B. The objective of even distribution of income and wealth
C. The achievement of economic stability
D. The deregulation of the economy

Question 84:

• JAMB 1993

Which of the following are the major disadvantage of direct system of taxation?i, Disincentive of hard work
ii,Difficulties in assessment and collection
iii, imperfection in tax assessment.

A. I and ii
B. I and iii
C. Ii and iii
D. I, ii and iii

Question 85:

• JAMB 1994

Progressive tax structure is designed to?

A. Take more from the income of the poor
B. Take more from income of the rich
C. Take equal proportion of income from both the rich and the poor
D. Reduce the problems emanating from tax imposition