Public Finance
GCE Economics
11 Public Finance practice questions covering everything you need for GCE.
Drill Public Finance →Sample Public Finance questions
Public Finance is a major branch of economics concerned with the revenue and expenditure of government. (a) Distinguish between recurrent expenditure and capital expenditure as used in public finance…
The government plays a vital role in managing the economy through its fiscal policy tools. (a) Define fiscal policy. (2 marks) (b) Explain FOUR objectives of fiscal policy in a developing economy. (…
If the Nigerian federal government collects ₦500 billion in total tax revenue and spends ₦650 billion in a fiscal year, the resulting fiscal position is a
A tax is said to be regressive when
Public debt management is LEAST concerned with
Which of the following best describes a progressive tax system?
A trader purchases goods worth ₦80,000 and sells them for ₦120,000. If the government imposes a Value Added Tax (VAT) of 7.5% on the value added, the VAT payable by the trader is
The concept of 'crowding out' in public finance refers to a situation where
Given that a country's national income is ₦200 billion, government expenditure is ₦60 billion, and tax revenue is ₦45 billion, what is the ratio of the budget deficit to national income?
Which of the following is an example of a non-tax revenue source for the Nigerian federal government?
The primary purpose of a government budget is to