Fiscal Policy And Its Instruments Jamb Economics Past Questions
Question 1
Fiscal policy measures imply a change in
- A. only taxation to control aggregate demand
- B. bank rate to infulence lending
- C. only government expenditure to regulate an economy
- D. government revenue and expenditure to regulate an economy
Question 2
In order to increase revenue, government should tax commodities for which demand is
- A. perfectly price inelastic
- B. price inelastic
- C. price elastic
- D. unitary elastic
Question 3
The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?
- A. Revenue generation
- B. Economic development
- C. Fiscal Policy
- D. Taxation
Question 4
The use of government income and expenditure instrument to regulate the economy is termed______
- A. monetary policy
- B. physical policy
- C. fiscal policy
- D. public finance
Question 5
Wage freeze is a policy measure aimed at
- A. encouraging investors
- B. curbing inflation
- C. regulating standard of living
- D. curbing deflation
