Post Utme Igbinedion University 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

The government of a country imposes a tax on imports to raise revenue. The tax rate is 10% of the value of the imported goods. If the value of the imported goods is ₦1,000,000, what is the amount of tax paid?

Answer Options

A. ₦100,000
Correct Answer B. ₦110,000
C. ₦120,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦110,000

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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