Post Utme Futa 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice
Question 32 POST_UTME_FUTA • 2025 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The tax rate is 10% of the value of agricultural produce. If the value of agricultural produce is ₦100 million, what is the amount of tax paid?

Answer Options

Correct Answer A. ₦10 million
B. ₦5 million
C. ₦15 million
D. ₦20 million
Correct Answer
A
Correct Option:
₦10 million

About This Question

This is Post Utme Futa 2025 Economics Question 32. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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