Public Finance - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2017

Which of the following is an indirect tax?

A. Poll tax
B. Personal income tax
C. Company tax
D. Excise duties

Question 7:

• JAMB 2017

Which of the following is NOT a source of government revenue?

A. Grants, aids and borrowing
B. Taxes, fees, licenses and fines
C. Interest, dividends, profits and earnings
D. Personal income, disposable income and transfer earnings

Question 8:

• JAMB 2017

Which of the following source of income is spectacular only to Government ?

A. Payment from business transfer
B. Bonuses
C. Tax
D. Wages

Question 9:

• JAMB 2017

Which of the following budgets will increase government expenditure?

A. Zero base budget
B. Surplus budget
C. Deficit budget
D. Balanced policy

Question 10:

• JAMB 2016

A government budget proposing to spend more than its expected revenue in a year will create_______?

A. Opportunity for combating inflation
B. Depression in the economy
C. Shortage in money supply
D. Opportunity for full employment