WAEC Past Questions and Answers - Page 3820

19,097.

Which of the following are direct taxes? 

A.

Sale taxes

B.

Excise duties

C.

Income and company taxes

D.

Tarrif duties

E.

Commodity taxes

Correct answer is C

No explanation has been provided for this answer.

19,098.

In the event of a limited liability company going into liquidation, each shareholder

A.

May lose a maximum of the amount he has invested

B.

Lose nothing

C.

Loses everything including his house

D.

May have unlimited liability

E.

Will lose the amount he has invested plus a proportion of his bank account

Correct answer is A

No explanation has been provided for this answer.

19,099.

A shift of the demand curve to the right when the supply curve remains constant , implies that

A.

Both price and quantity demanded will increase

B.

Only price increases

C.

Both price and quantity demanded will decrease

D.

The price remains constant

E.

The price falls

Correct answer is A

No explanation has been provided for this answer.

19,100.

Dumping in Economics means the selling of goods in a foreign market

A.

At a price below that received in the home market

B.

At a price above that received in the home market

C.

At a price equal to the cost price in the home market

D.

In order to encourage indigenious producers

E.

At a price equal to the selling price in the home market

Correct answer is A

No explanation has been provided for this answer.