Jamb Accounts - Principles of Accounts Questions - Responsibilities and powers
Question 11:
Which of the following signs general warrant for the release of money from the consolidated revenue fund?
- A Minister of Finance
- B Chairman, Economic Advisory Committee
- C Permanent secretary
- D Minister of Economic Planning
Question 12:
The Petroleum Technology Development Fund is under the
- A General fund
- B Contingency fund
- C Trust fund
- D Capital fund
Question 13:
The account of government into which all monies are received and from which all expenditures are disbursed is the
- A Federation account
- B Petroleum Technology Development Fund
- C Central Bank Account
- D Development fund
Question 14:
An increase in government expenditure within a year is taken care of by means of
- A Virement
- B Financial regulations
- C Supplementary estimate
- D Warrant
Question 15:
Which fund is used to meet unforeseen or urgent expenditure
- A General reserve fund
- B Consolidated Reserve Fund
- C Contingencies fund
- D Special fund