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

Question 16:

• JAMB 1990

in equilibrium, injections are equal to?

A. Withdrawals
B. Surplus of imports over exports
C. Government spending
D. Wages

Question 17:

• JAMB 1990

Social overhead capital refers to?

A. Balanced growth
B. Gross investment
C. The building of infrastructures
D. Capital formation

Question 18:

• JAMB 1991

Budget deficit is the amount by which?

A. Total expenditure exceeds revenue
B. Recurrent expenditure exceeds revenue
C. Capital expenditure exceeds revenue
D. Recurrent expenditure exceeds capital expenditure

Question 19:

• JAMB 1992

An account from which allocations are made to the three tier of government in Nigeria is called the?

A. National Income Account
B. Public Sector
C. Federation account
D. National Revenue Mobilization Account

Question 20:

• JAMB 1997

One of the factors which is likely to check the growth of public debts is?

A. Bridging the resources gap
B. Debt reputation
C. Debts rescheduling
D. Debt-equility swap