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    This document contains instructions and questions for a public finance exam for a higher national diploma program in accountancy. It includes 5 questions, with the first 4 asking students to examine the importance of direct and indirect taxes, define public debt and how governments raise loans, discuss the objectives of monetary policy and whether they can all be achieved at once, and define various economic indicators. The final question asks students to calculate the average annual growth rate needed to increase a country's per capita income to a target, and identify what type of plan this represents.

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    This document contains instructions and questions for a public finance exam for a higher national diploma program in accountancy. It includes 5 questions, with the first 4 asking students to examine the importance of direct and indirect taxes, define public debt and how governments raise loans, discuss the objectives of monetary policy and whether they can all be achieved at once, and define various economic indicators. The final question asks students to calculate the average annual growth rate needed to increase a country's per capita income to a target, and identify what type of plan this represents.

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    4 views1 page

    Weekend

    Uploaded by

    Michael
    This document contains instructions and questions for a public finance exam for a higher national diploma program in accountancy. It includes 5 questions, with the first 4 asking students to examine the importance of direct and indirect taxes, define public debt and how governments raise loans, discuss the objectives of monetary policy and whether they can all be achieved at once, and define various economic indicators. The final question asks students to calculate the average annual growth rate needed to increase a country's per capita income to a target, and identify what type of plan this represents.

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    © All Rights Reserved
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    DELTA STATE POLYTECHNIC OTEFE OGHARA

    SCHOOL OF BUSINESS STUDIES


    FIRST SEMESTER EXAMINATION
    DEPARTMENT OF ACCOUNTANCY
    HIGHER NATIONAL DIPLOMA (HND 1) 2019/2020 SESSION
    COURSE TITLE: PUBLIC FINANCE
    COURSE CODE: ACC 316
    INSTRUCTION: ANSWER ANY OTHER FOUR (4) QUESTIONS
    TIME ALLOWED: 2HOURS

    QUESTION 1

    Examine the relative importance of direct and indirect taxes as source of government
    revenue in Nigeria.

    QUESTION 2

    What is public debt? For what purposes and how does the government raises loan?

    QUESTION 3

    What are the objectives of monetary policy? Is it possible to achieve all of them
    simultaneously?

    QUESTION 4

    Write short note on the followings:


    i. Gross domestic product
    ii. Gross national product
    iii. Personal income
    iv. Disposable income
    QUESTION 5

    The 2010 per capita income for banana republic was $173 and it was planned to raise it
    to $200 by 2015

    i. Calculate the average annual rate of growth required to achieve this


    objective.
    ii. What is this type of plan called?

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