Taxes which are levied on a person’s expenditures are known as?
Purchase tax
Sales tax
Direct tax
Poll tax
Income tax
Correct answer is A
No explanation has been provided for this answer.
The main economic goal of ECOWAS is the attainment of
Regional free trade
Multilateral trade
Bilateral trade
Economic self-reliance
The economic emancipation of Africa
Correct answer is A
No explanation has been provided for this answer.
Balance of trade
Balance of payments
Terms of trade
Foreign reserves
Special drawing right
Correct answer is B
No explanation has been provided for this answer.
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Accepting deposits
Serving as agents for payments
Issuing bank-notes
Lending to customers
Purchasing and selling of stock exchange securities
Correct answer is C
No explanation has been provided for this answer.
The National Electric Power Authority (NEPA) is a
Public limited company
Public liability company
Private authority
Public corporation
Federal government authority
Correct answer is D
No explanation has been provided for this answer.