Sources of government revenue - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1997

The greatest proportion of government revenue in Nigeria comes from?

A. Export of raw materials
B. Income taxes on individuals and business
C. Custom duties and excise duties
D. Loans and grants from industrially advanced countries

Question 12:

• JAMB 2000

The Nigerian economy is mono-cultural because government revenue is derived mainly from?

A. Agriculture
B. Manufacturing
C. Coal
D. Crude oil

Question 13:

• JAMB 2001

In Nigeria, revenue sharing from the federation Account is between the?

A. Executive, the judiciary and the legislature
B. Federal and state governments and the parastatals
C. Federal and state governments and the senate
D. Federal, state and local governments

Question 14:

• JAMB 2002

Which of the following yields more revenue to Nigeria?

A. Value added tax
B. Royalties
C. Indirect tax
D. Direct tax

Question 15:

• JAMB 2002

The types, sources and uses of government income are mainly concerned with?

A. Public expenditure
B. Public revenue
C. Public budget
D. Public finance