Government budget and public debts - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1986

Which of the following is NOT a goal of modern budgets?

A. The control of inflation
B. The reduction in income inequality
C. The shift of all resources from the private to the public sector
D. Economic development

Question 12:

• JAMB 1987

A budget with a projected revenue in excess of its expenditure is said to be?

A. Balanced
B. Surplus
C. Deficit
D. Inflationary

Question 13:

• JAMB 1987

The money which government spends yearly for the maintenance of its school is?

A. Used only for wages and salaries
B. Part of the government's capital expenditure
C. Part of the government's recurrent expenditure
D. The government's budget for its school

Question 14:

• JAMB 1989

A balance budget is defined as a condition of?

A. Balance of payments equilibrium
B. Equality of planned aggregate demand supply
C. Equality of planned receipts and planned expenditure
D. Equality of planned exports and planned imports

Question 15:

• JAMB 1990

Which of the following is likely to be inflationary?

A. Tax increase
B. Increase in unemployment
C. Budget surplus
D. Wages increase