Government budget and public debts - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1980

The budget of Nigeria will be deficit if

A. Revenue expenditure exceeds the revenue receipts
B. Capital expenditure exceeds the capital receipts
C. Revenue and capital receipts exceeds revenue and capital receipts
D. The government is spending more than its receipts
E. All of the above

Question 7:

• JAMB 1981

Government budget can be described as the sum of?

A. Indirect tax, direct tax, and loans expected within a financial year
B. Planned recurrent expenditure and planned investment expenditure
C. Planned capital expenditure for a development plan within a plan period
D. Planned expenditure and expect revenue within a financial year
E. Planned expenses of all ministries within a financial year

Question 8:

• 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

Question 9:

• JAMB 1984

Public expenditure on services, such as education and health, is known as expenditure on

A. General services
B. Community services
C. Social services
D. Economic services
E. Administrative services

Question 10:

• JAMB 1985

A state budget is an outline of planned

A. Expenditures and revenues expected within a financial year
B. Expenditures of ministries and parastatals within a given period
C. Recurrent and capital expenditures within a year
D. Sources of revenues derivationn for a financial year
E. Use of different kinds of taxation in a given year