Fiscal policy and its instruments - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

Taxes and government expenditures are instruments of____________

A. Monetary policy
B. Tax policy
C. Economic policy
D. Fiscal policy

Question 3:

• JAMB 2017

Which of the following source of income is spectacular only to Government ?

A. Payment from business transfer
B. Bonuses
C. Tax
D. Wages

Question 4:

• JAMB 1981

The situation whereby in a fiscal year a government’s revenue receipt are less than its expenditures is referred to as?

A. Budget deficit
B. Balance budget
C. Budget surplus ‘
D. Budget statement
E. Unfavourable budget.

Question 5:

• JAMB 1999

Fiscal policy involves changes in?

A. Open market operations
B. Revenue and expenditure of government
C. Money supply to the economy
D. Imports and exports