Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 2716:

Tax evasion means

SchoolNGR Classroom

A Postponing paymeny of tax
B Tax payment according to ability to pay
C Making false declaration of taxable income
D Paying little amount of money as tax

View Answer & Explanation

Question 2717:

A greater burden of tax on a product with high price elasticity of demand rests mainly on the

SchoolNGR Classroom

A Producer
B Teacher
C Civil servant
D Middlemen

View Answer & Explanation

Question 2718:

An ad volarem tax refers to a tax

SchoolNGR Classroom

A Imposed on exports
B On goods manufactured in the country
C Based on the value of the commodity
D Levied on income

View Answer & Explanation

Question 2719:

Which of the following is associated with the development of petroleum industry in Nigeria?

SchoolNGR Classroom

A Neglect of agriculture
B Increase in population growth
C Increase in the rate of unemployment
D Decrease in the rate of inflation

View Answer & Explanation

Question 2720:

Balance of payment deficit can be corrected by

SchoolNGR Classroom

A Purchasing foreign assets
B Acumulating foreign reserves
C Export promotion measures
D Import promotion measures

View Answer & Explanation

Stay Updated

Follow us on:

Subjects