Meaning And Objectives Of Public Finance Jamb Economics Past Questions
Question 1
Which of the following source of income is spectacular only to Government ?
- A. Payment from business transfer
- B. Bonuses
- C. Tax
- D. Wages
Question 2
Taxes and government expenditures are instruments of____________
- A. Monetary policy
- B. Tax policy
- C. Economic policy
- D. Fiscal policy
Question 3
Let capital formation = CF, Production = P, C = consumption. Then CF =_______
- A. P - C
- B. P + C
- C. PC
- D. P/C
Question 4
Which of the following are examples of transfer payment
- A. gift and donations
- B. rents and rates
- C. profit and dividends
- D. internal and external debts
Question 5
Statutory organisations usually established by Acts of Parliament are called
- A. public corporations
- B. cooperative societies
- C. joint-stock companies
- D. public enterprises
