Post Utme Summit University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy involves a 10% tax on all agricultural produce sold in the market. If the total revenue from the sale of agricultural produce is ₦1.2 billion, what is the total tax collected by the government?

Answer Options

A. ₦120 million
Correct Answer B. ₦150 million
C. ₦180 million
D. ₦200 million
Correct Answer
B
Correct Option:
₦150 million

About This Question

This is Post Utme Summit University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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