Public Finance - Jamb Economics Past Questions and Answers

Question 101:

• JAMB 2001

A tax that increases at a higher percentage as income increase is called?

A. A proportion tax
B. A regressive tax
C. A progressive tax
D. An income tax

Question 102:

• JAMB 2001

In Nigeria, revenue sharing from the federation Account is between the?

A. Executive, the judiciary and the legislature
B. Federal and state governments and the parastatals
C. Federal and state governments and the senate
D. Federal, state and local governments

Question 103:

• JAMB 2001

National debts is an expected outcome of?

A. Deficit budget
B. Consolidation budget
C. Balanced budget
D. Surplus budget

Question 104:

• JAMB 2002

Which of the following yields more revenue to Nigeria?

A. Value added tax
B. Royalties
C. Indirect tax
D. Direct tax

Question 105:

• JAMB 2002

A deficit budget can be used to?

A. Stimulate recovery from a trade depression
B. Protect the economy from inflation
C. Starve the economic of funds for economic development
D. Provide measures to remedy the balance of payments