Fiscal policy and its instruments - Jamb Economics Past Questions and Answers

Question 11:

• 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 12:

• 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 13:

• 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