How to login to NOUN Elearn Portal
You can now use you matric number to login as your username and password in a lowercase.
https://elearn.nouedu2.net/login/
Note that you are to change your passw...
NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2018 EXAMINATION
Course Code: BFN 852 Course Units: 3
Course Title: PUBLIC FINANCIAL MANAGEMENT
Time Allowed:2 ½ Hours
Instructions: i). Attempt question number one (1) and any other (3)
questions.
ii). Question number 1 carries 25 marks, while the other
three questions carry 15 marks each.
iii). Present all your points in coherent and orderly manner
Q1(a). What do you understand by the following terms in Financial Management?
- Finance
- Public Finance
- Public Financial Management
- Financial Management (12 Marks)
Q1(b). Briefly explain the instruments used by the Nigerian government to control her economy. (13 Marks).
Q2. Differentiate between Fiscal policy and monetary policy. What are the objectives of monetary policy? (15 Marks)
Q3. Indentify three major sources of revenue open to Nigerian government from which she obtains her income with examples. (15 Marks)
Q4. What do you understand by the National Revenue Mobilisation Allocation and Fiscal Commission (NRMAFC)? What is the structure of sharing of revenue from the Federation Account as suggested by the NRMAFC in 2003? (15 Marks)
Q5. Why do you pay tax to your country? In which two ways do people violate the payment of tax to their country? List and explain these two ways. (15 Marks)
Q6. Budget is a tool of decision and literally the biggest game. Discuss. (15 Marks)
