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Which of the following is a source of revenue to the federation account?

Which of the following is a source of revenue to the federation account?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Market fees
  • B Bicycle licences
  • C Tarrifs
  • D Property rates
Correct Answer: Option C
Explanation:
Tariff is a tax or duty to be paid on a particular class of imports or exports. It is a source of revenue to the government because these taxes are paid to the government of the importing country.

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