Post Utme Skyline University 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's government imposes a tax on imports to raise revenue. The tax is levied at a rate of 10% on all imported goods. If the value of imports is ₦1,000,000, what is the amount of tax collected?

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 Skyline University 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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