Post Utme Redeemers University 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 21 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

The government of a country imposes a tax on imports to raise revenue. The tax is levied at a rate of 10% on all imports. If the value of imports is ₦100 million, what is the amount of tax paid by the importer?

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 Redeemers University 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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