The incidence of an increase in tax on a commodity with perfectly inelastic demand will be on the
Wholesaler
Retailer
Government
Consumer
Correct answer is D
No explanation has been provided for this answer.
The greatest revenue earning industry in Nigeria is
Construction
Agriculture
Manufacturing
Mining
Correct answer is D
No explanation has been provided for this answer.
Which business organization enjoys tax-free point in East Africa?
Co-operative societies
Private limited liability companies
Joint stock companies
Partnerships
Correct answer is A
No explanation has been provided for this answer.
Personal savings are generally low in West Africa because of
The level of income of people
The refusal of banks to grant loans
Overpopulation
Cheaper foreign currencies
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a function of merchant banks?
Minting of coins
Preparation of government budget
Keeping watch on external reserves of the country
Acting as acceptance houses
Correct answer is D
No explanation has been provided for this answer.