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Economics Past Questions

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3456
Which of the following is an indirect tax?
  • A. Poll tax
  • B. personal income tax
  • C. Company tax
  • D. excise duties
View Answer & Discuss JAMB 2017
3457
Localization of industry is encouraged because of ________
  • A. low interest charges on loans
  • B. improvements in infrastructure
  • C. low foreign exchange rate
  • D. high standard of living
View Answer & Discuss (1) JAMB 2017
3458
Which of the following is correct?
  • A. Traditional budgeting focuses on goals and objectives
  • B. Zero based budgeting produces a single level of appropriation for an activity
  • C. Traditional budgeting starts with last year’s funding appropriation
  • D. Zero based budgeting does not systematically consider alternatives to current operations
View Answer & Discuss (2) JAMB 2017
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3459

The privatization of public enterprises will lead to the efficient management of resources in the economy. This statement can best be described as_____________

  • A. deductive reasoning
  • B. positive reasoning
  • C. normative reasoning
  • D. inductive reasoning
View Answer & Discuss (3) JAMB 2018
3460

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

  • A. bank load
  • B. debenture
  • C. preferred stock
  • D. semi-fixed
View Answer & Discuss JAMB 2018
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