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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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481
Merchants banks perform all the following functions EXCEPT?
  • A. raising of capital for industry
  • B. provision of current account facilities
  • C. management of investment portfolios
  • D. provision of credit for overseas trade
View Answer & Discuss JAMB 1988
482

Which of the following is a direct tax?

  • A. Sales tax
  • B. Purchase tax
  • C. Export duties
  • D. property tax
View Answer & Discuss (3) JAMB 1988
483
Which of the following would most likely be considered an example of benefit taxation?
  • A. Excise tax
  • B. Corporate income tax
  • C. Property tax
  • D. Highway-user tax
View Answer & Discuss (1) JAMB 1988
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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484
When a nation is experiencing balance of payment surplus, it is in a better position to?
  • A. increase its foreign exchange reserves
  • B. increase its liabilities to foreigners
  • C. reduce its foreign exchange reserves
  • D. devalue its national currency
View Answer & Discuss JAMB 1988
485
Which of the following is a good example of invisible item on balance of payments account?
  • A. Shipping and aviation
  • B. Export and imports
  • C. Merchandise
  • D. Bullion
View Answer & Discuss JAMB 1988
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts