Public Finance - Jamb Economics Past Questions and Answers

Question 111:

• JAMB 2004

Fiscal policy is the government's plan to control aggregate demand by manipulating

A. The demand and supply of money
B. Revenue and expenditure
C. Tastes and preferences of consumers
D. The structure of production and employment

Question 112:

• JAMB 2004

If budget deficits are financed by borrowing the crowing-out effect can be offset by an increase in

A. Government expenditure
B. Savings
C. Interest rates
D. Exchange rates

Question 113:

• JAMB 2004

The tax levied on goods and services at each stage of production is

A. Surtax
B. VAT
C. Ad valorem tax
D. PAYE

Question 114:

• JAMB 2004

One of the causes of the present high rate of inflation in Nigeria is

A. Increasing budget surplus
B. Increasing factor costs
C. Exchange rate appreciation
D. High capacity utilization

Question 115:

• JAMB 2005

The monetization policy of the Nigerian government is aimed at

A. Encouraging public servants to retire early and become self-employed
B. Transferring government's properties to retired public servants
C. Reducing government's burden on the provision of fringe benefits to public servants
D. Helping government recover properties held by public servants