Public Finance - Jamb Economics Past Questions and Answers

Question 121:

• JAMB 2006

The burden of a government tax on a commodity whose demand is inelastic will

A. Be borne only by the government
B. Fall more heavily on consumers
C. Be shared equally between consumers and producers
D. Fall more heavily on producers

Question 122:

• JAMB 2007

The monetization policy is an offshoot of

A. NEEDS
B. SAP
C. PAYE
D. MDGs

Question 123:

• JAMB 2008

The use of government revenue and expenditure to achieve set objectives is known as

A. Budget
B. Fiscal policy
C. Revenue allocation
D. Monetary policy

Question 124:

• JAMB 2008

An example of an indirect tax is

A. Profit tax
B. Sales tax
C. Capital gain tax
D. Poll tax

Question 125:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus