Jamb Economics Past Questions
Question 2251
The PAYE (Pay As You Earn) in Nigeria is an example of?
- A. indirect tax
- B. progressive tax
- C. regressive tax
- D. community tax
- E. flat rate tax
Question 2252
A commodity can be sold for two or more different prices if it is?
- A. produced or sold by oligopoly
- B. sold in perfect market
- C. produce or sold by monopsony
- D. produced or sold by monopoly
- E. produced or sold by perfect competition
Question 2253
A good measure of the standard of living usually used for international comparison is
- A. gross natioal income (GNI)
- B. net national income (NNI)
- C. gross national product (GNP)
- D. gross domestic product (GDP)
- E. per capital income (PCI)
Question 2254
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
- A. Availability of labour in the area
- B. Acces to transport facilities
- C. Nearness of raw materials
- D. Availability of power
- E. Nearness of Technical and Engineering School
Question 2255
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
- A. tariffs
- B. excise duties
- C. poll tax
- D. import duties
- E. community tax
