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Economics 2017 JAMB Past Questions

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46
Which of the following is NOT a source of government revenue?
  • A. Grants, aids and borrowing
  • B. Taxes, fees, licenses and fines
  • C. Interest, dividends, profits and earnings
  • D. personal income, disposable income and transfer earnings
View Answer & Discuss JAMB 2017
47
Which of these is a type of partnership in business?
  • A. Limited partnership
  • B. limited liability company
  • C. private partnership
  • D. joint stock partnership
View Answer & Discuss JAMB 2017
48
Which of the following is an indirect tax?
  • A. Poll tax
  • B. personal income tax
  • C. Company tax
  • D. excise duties
View Answer & Discuss JAMB 2017
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49
Localization of industry is encouraged because of ________
  • A. low interest charges on loans
  • B. improvements in infrastructure
  • C. low foreign exchange rate
  • D. high standard of living
View Answer & Discuss (1) JAMB 2017
50
Which of the following is correct?
  • A. Traditional budgeting focuses on goals and objectives
  • B. Zero based budgeting produces a single level of appropriation for an activity
  • C. Traditional budgeting starts with last year’s funding appropriation
  • D. Zero based budgeting does not systematically consider alternatives to current operations
View Answer & Discuss (2) JAMB 2017
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