Public Finance - Jamb Economics Past Questions and Answers

Question 41:

• JAMB 1982

One of the ways by which Government derives revenue from industrial enterprises in West Africa is?

A. Tariffs
B. Excise duties
C. Poll tax
D. Import duties
E. Community tax

Question 42:

• JAMB 1982

The PAYE (Pay As You Earn) in Nigeria is an example of?

A. Indirect tax
B. Progressive tax
C. Regressive tax
D. Community tax
E. Flat rate tax

Question 43:

• JAMB 1983

Public expenditure creates expansionary effects in the economy when it is

A. In excess of government revenue
B. Channelled into capital products
C. Diverted into imports
D. Financed through part of the year's total collection of taxes

Question 44:

• JAMB 1983

The maintenance of general economic stability in the country necessarily relies heavily on?

A. Federal fiscal policy
B. Coordinated federal, state and local fiscal policies
C. Tax and revenue policies of state governments
D. Federal grants to state and local government
E. Federal grants to local governments

Question 45:

• JAMB 1983

A greater burden of the taxes on essential goods is borne by the?

A. Middle income group
B. Higher income group
C. Lower income group
D. People falling between the middle and higher income groups
E. Top few richest people of the country