WAEC Past Questions and Answers - Page 3350

16,746.

The tax imposed on good manufacture within a country is

A.

An excise tax

B.

A capital gain tax

C.

Profit tax

D.

A sales tax

Correct answer is A

No explanation has been provided for this answer.

16,747.

Which of the following serves as a banker's bank?

A.

Commercial banks

B.

The Mortgage Bank

C.

The Central Bank

D.

Development Bank

Correct answer is C

No explanation has been provided for this answer.

16,748.

The marketing of government security by the Central Bank is termed

A.

Retail banking

B.

Open market operation

C.

Selective credit control

D.

Credit creation

Correct answer is B

No explanation has been provided for this answer.

16,749.

Which of the following is specialized in lending money for the purpose of developing real estate?

A.

Merchant banks

B.

Mortgage banks

C.

Discount houses

D.

Commercial banks

Correct answer is D

No explanation has been provided for this answer.

16,750.