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1. Explain the disadvantages of third world countries countries that depends heavily on borrowing.

2. What are the most common cannons of taxation

3. Mention some of the reasons why government imposes taxes on its people

4. Which ways do central banks and government apply in order to correct balance of payment disequilibrium

6. A good tax system has several features, kindly name them

7. Name principles of taxation

8. What is the difference progressive and regressive taxation.

9. Explain the advantages of direct tax

10. Highlight the major sources of revenue to county councils

12. Outline five sources of non- tax public revenue