NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: BFN 852

CREDIT UNIT: 3

COURSE TITLE: PUBLIC FINANCIAL MANAGEMENT

TIME ALLOWED: 2½HOURS

INSTRUCTIONS: 1. Attempt question Number one (1) and any other three (3).

2. Question number 1 is compulsory and carries 25 marks, while the other questions carry 15 marks each

3. Present all your points in coherent and orderly manner

1a.What is national debt? 2marks

b. Shortly discuss four (4) of the techniques for public debt management in Nigeria. 5marks

c. Enumerate five (5) elements of government intervention an economy 5marks

d. State five (5) major limitations of budgetary control 5marks

e. Highlight five (5) reasons why budgetary control in government sector 5marks

2a. State seven (7) goods and services that are not Vatable under the VAT Act; 7marks

b. Mention eight (8) other sources of revenue in Nigeria from oil 8marks

3a. State five (5) of the functions of the World bank 5marks

b. Identify six (6) of the reasons why government levy taxes 6marks

c. Highlight four(4) objectives of monetary policies in Nigeria. 4marks

4a Discuss six (6) factors that could influence capital budgeting decisions 9marks

b. Highlight the four (4) vitality of government budget in Nigeria 6marks

5a. State and discuss five (5) role of fiscal policy in Nigeria 7½marks

b. Discuss five (5) major principles virile public financial management 7½marks