JAMB Economics · National income, money and public finance
Public finance: JAMB Economics Past Questions and Answers
What the JAMB syllabus covers in Public finance
Our summary: Fiscal policy, government revenue and taxation, public spending and debt, and revenue allocation in Nigeria.
- Meaning and objectives
- Fiscal policy and its instruments
- Sources of government revenue (taxes, royalties, rents, grants and aids)
- Principles of taxation
- Tax incidence and its effects
- The effects of public expenditure
- Government budget and public debts
- Revenue allocation and resource control in Nigeria
Objectives
- identify the objectives of public finance;
- explain fiscal policy and its instruments;
- compare the various sources of government revenue;
- analyse the principles of taxation;
- analyse the incidence of taxation and its effects;
- examine the effects of public expenditure on the economy;
- examine the types and effects of budgets;
- highlight the criteria for revenue allocation in Nigeria and their impact.
Syllabus content © The Joint Admissions and Matriculation Board (UTME).
JAMB Economics questions on Public finance
- JAMB 2024If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
- JAMB 2024The use of tax and expenditure policy to regulate the economy is known as
- JAMB 2023The principle that specified that the amount, when and how to pay tax should be made known to tax payer is known as
- JAMB 2023Government uses all of the following ways to redistribute income, except
- JAMB 2023Economists refer to private goods as
- JAMB 2023A tariff is a tax imposed on
- JAMB 2022Fiscal policy measures imply a change in
- JAMB 2022In order to increase revenue, government should tax commodities for which demand is
- JAMB 2021The PAYE ( Pay As You Earn) in Nigeria is an example of …
- JAMB 2021If Mr. A earns N2.000 a year while Mr. B earns N8000 but Mr. A pays N200 in tax per annum while Mr. B pays N400, such tax is …
- JAMB 2020A budget with a projected revenue in excess of its expenditure is said to be?
- JAMB 2020The use of legally permissible means to reduce tax liabilities is known as tax?
- JAMB 2020In order to raise more revenue for a certain period, the government should impose higher taxes on goods whose demand
- JAMB 2019Most of the National debts is "dead weight" in the sense that is …
- JAMB 2019If the demand for a commodity is perfectly elastic, the incidence of a tax on that commodity will be, other things being equal, entirely on the …
- JAMB 2019A form of tax that is mildly progressive and regressive is …
- JAMB 2019The use of government income and expenditure instrument to regulate the economy is termed …
- JAMB 2018Which of the following is not a direct tax?
- JAMB 2018Taxes and government expenditures are instruments of …
- JAMB 2018An ad valorem tax is imposed on … ?
- JAMB 2018The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?
- JAMB 2017Which of the following budgets will increase government expenditure?
- JAMB 2017Which of the following is correct?
- JAMB 2017Which of the following is NOT a source of government revenue?
- JAMB 2017Which of the following is an indirect tax?
- JAMB 2016A government budget proposing to spend more than its expected revenue in a year will create … ?
- JAMB 2016Which of the following is NOT a source of government revenue?
- JAMB 2015The tax levied on locally produced goods is
- JAMB 2015Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe pay N90 and N130 as taxes, the tax system is
- JAMB 2015All the following are the canons of taxation given by Adam Smith except
- JAMB 2015The situation whereby the government of a country spends more than its budgets for a given financial year is known as
Years with Public finance questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015