Post Utme Ims U 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

The Nigerian government is considering a new tax policy to increase revenue. The policy includes a value-added tax (VAT) of 10% on all goods and services. However, the policy also includes an exemption for certain goods and services, such as food and medicine. Which of the following types of taxes best describes the situation?

Answer Options

A. Direct Tax
Correct Answer B. Indirect Tax
C. Proportional Tax
D. Progressive Tax
Correct Answer
B
Correct Option:
Indirect Tax

About This Question

This is Post Utme Ims U 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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