Post Utme Ksu 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_KSU • 2021 • ECONOMICS • objective

The government of Nigeria introduces a new tax policy to increase revenue. The policy includes a 10% increase in the value-added tax (VAT) rate. If the current VAT rate is 5%, what is the new VAT rate?

Answer Options

A. 5%
Correct Answer B. 6%
C. 7%
D. 8%
Correct Answer
B
Correct Option:
6%

About This Question

This is Post Utme Ksu 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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