Question 616:

• JAMB 1982

One of the ways by which Government derives revenue from industrial enterprises in West Africa is?

A. Tariffs
B. Excise duties
C. Poll tax
D. Import duties
E. Community tax

Question 617:

• JAMB 1982

What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?

A. Availability of labour in the area
B. Acces to transport facilities
C. Nearness of raw materials
D. Availability of power
E. Nearness of Technical and Engineering School

Question 618:

• JAMB 1982

A good measure of the standard of living usually used for international comparison is

A. Gross natioal income (GNI)
B. Net national income (NNI)
C. Gross national product (GNP)
D. Gross domestic product (GDP)
E. Per capital income (PCI)

Question 619:

• JAMB 1982

A commodity can be sold for two or more different prices if it is?

A. Produced or sold by oligopoly
B. Sold in perfect market
C. Produce or sold by monopsony
D. Produced or sold by monopoly
E. Produced or sold by perfect competition

Question 620:

• JAMB 1982

The PAYE (Pay As You Earn) in Nigeria is an example of?

A. Indirect tax
B. Progressive tax
C. Regressive tax
D. Community tax
E. Flat rate tax