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1976
Tax evasion means
  • A. postponing paymeny of tax
  • B. tax payment according to ability to pay
  • C. making false declaration of taxable income
  • D. paying little amount of money as tax
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1977
A greater burden of tax on a product with high price elasticity of demand rests mainly on the
  • A. producer
  • B. teacher
  • C. civil servant
  • D. middlemen
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1978
An ad volarem tax refers to a tax
  • A. imposed on exports
  • B. on goods manufactured in the country
  • C. based on the value of the commodity
  • D. levied on income
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1979
Which of the following is associated with the development of petroleum industry in Nigeria?
  • A. Neglect of agriculture
  • B. increase in population growth
  • C. increase in the rate of unemployment
  • D. decrease in the rate of inflation
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1980
Balance of payment deficit can be corrected by
  • A. purchasing foreign assets
  • B. acumulating foreign reserves
  • C. export promotion measures
  • D. import promotion measures
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