JAMB Economics 2017 Objective — Question 7
Question 7 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.
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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 incomeCorrect
Explanation
Personal income, disposable income and transfer earnings are sources of revenue TO individuals, not sources of government revenue.
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