Public Finance - Jamb Economics Past Questions and Answers

Question 131:

• JAMB 2012

An ad valorem tax is imposed on

A. Special commodities
B. Exports
C. Imports
D. The value of a commodity

Question 132:

• JAMB 2012

A huge national debt is an indication that the gold reserves of a nation has

A. Appreciated
B. Decreased
C. Depreciated
D. Stagnated

Question 133:

• JAMB 2013

A tax on land will ultimately fall

A. Partly on agents and users
B. Entirely on users
C. Entirely on owners
D. Partly on users and owners

Question 134:

• JAMB 2013

An example of an expansionary fiscal policy action is

A. Decrease in the corporate profit tax rates
B. Decrease in welfare payments
C. Purchase of government securities
D. Decrease in the bank rate

Question 135:

• JAMB 2013

A fiscal policy instrument that can influence the demand pattern in an economy is

A. Government spending
B. Interest rate
C. Income tax
D. Tariff