The main source of -1- (A. Production B. Revenue C .development D. capital) to the government is -2-(A. planning B. budgeting C. Taxation .investment),which...

Assessment: JAMB UTME - Use of English - 2015 Subject: English Language

Question 1 Report

The main source of -1- (A. Production B. Revenue C .development D. capital) to the government is -2-(A. planning B. budgeting C. Taxation .investment),which can be direct or indirect. while the former is based on one?s -3-(A. income B. profits C. services D. wealth),the latter is imposed on goods and -4-(A. re-numeration B. surpluses C. resources D. services) and it is paid only we these are -5- (A. supplied B. produced C. distributed D. bought) other sources includes -6- (A. compensation B. Benefits C. gratitude?s D. loyalties) such as those paid by mining companies, and sales of -7- (A. charges B. duties C. bills D. licenses ) for dogs,guns,hotels, etc .another major source is -8- (A. investment B. banking C .interest D. borrowing ) which is different from the other because it as to be repaid. From these and other sources, government is able to raise -9-(A. loans B. capitals C. money D. grant) with which it carries out its -10- (A. jobs B. necessities c. investments D. functions), which include administration and the -11- (A. settlement B. provision C. embarking D. commitment) of social services. Besides, it is able to control the country?s -12- (A. accounts B. budgets C. prices D. economy) by imposing taxes sometimes to prevent -13-(A. deflation B. monopoly C. inflation D. depression) or by altering pattern of -14- (A. consumption B. production C. development D. growth) through the raising of -15- (a. subsidy B. discount C. commission D. duty) against certain foreign goods.

Read the passage carefully and answer the question labeled 12.
Answer Details
The word that best fills the gap labeled "12" is "economy." The passage describes various sources of revenue for the government and how it uses this revenue to carry out its functions and control various aspects of the country. The word "economy" refers to the system of production, distribution, trade, and consumption of goods and services in a country. Therefore, the correct word to fill the gap labeled "12" is "economy." The government is able to control the country's economy by imposing taxes, changing patterns of production and consumption, and more.

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