Post Utme Eksu 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy includes a 10% tax on all agricultural products sold in the country. If the total value of agricultural products sold in a year is ₦10 billion, what is the total tax revenue generated from this policy?

Answer Options

A. ₦1 billion
B. ₦1.5 billion
Correct Answer C. ₦2 billion
D. ₦10 billion
Correct Answer
C
Correct Option:
₦2 billion

About This Question

This is Post Utme Eksu 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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