NECO Economics · National income, money and public finance
Public finance: NECO Economics Past Questions and Answers
What the WAEC syllabus covers in Public finance
Our summary: Where government revenue comes from, how taxes work, how public money is spent, and the budget and national debt.
- Fiscal policy and objectives of public finance
- Sources of government revenue
- Taxation – types (direct and indirect), objectives, merits, demerits and incidence
- Principles/canons of taxation
- Rates of taxation (proportional, progressive and regressive)
- Direct and indirect taxation: incidence and effects of taxes
- Composition/structure of public expenditure (recurrent and capital expenditure)
- Effects of public expenditure
- Government budget and the national debt
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)). NECO questions are matched to the WAEC syllabus topic.
NECO Economics questions on Public finance
- NECO 2009Taxes levied on locally manufactured goods are called
- NECO 2007A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
- NECO 2007A tax system in which the income earner pays a fixed percentage of his income annually is known as … . tax.
- NECO 2005The use of tax and expenditure policy to regulate the economy is known as
- NECO 2004Excise duties are taxes levied on
- NECO 2003One of the following is NOT a reason for increase in public expenditure
- NECO 2003A tax system which takes lesser percentage of a tax payers income as his income increase is known as
- NECO 2002If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
- NECO 2002Government expenditure on universal basic education and subsidy on agriculture are aimed at
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.
- 2009
- 2007
- 2005
- 2004
- 2003
- 2002