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

Question 26:

• JAMB 2006

When the federal government guarantees a loan for a state government, such a loan constitutes

A. A public debt
B. A transferred debt
C. A private debt
D. An inter-governmental debt

Question 27:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus

Question 28:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus

Question 29:

• JAMB 2010

A decrease in aggregate spending in an economy will ultimately lead to

A. Boom
B. Inflation
C. Deflation
D. Recession

Question 30:

• JAMB 2010

In Nigeria, the huge public debt is as a result of

A. Balanced budgeting
B. Deficit budgeting
C. Surplus budgeting
D. Zero budgeting