Principles of taxation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A form of tax that is mildly progressive and regressive is_______

A. Proportional tax
B. Progressive tax
C. Regressive tax
D. Digressive tax

Question 2:

• JAMB 2019

An ad valorem tax is imposed on_____?

A. Exports
B. Imports
C. The Value of a Commodity
D. Special Commodities

Question 3:

• JAMB 2019

Which of the following is not a direct tax?

A. Capital gains tax
B. Purchase tax
C. Personal income tax
D. Capital tax

Question 4:

• JAMB 2017

Which of the following is an indirect tax?

A. Poll tax
B. Personal income tax
C. Company tax
D. Excise duties

Question 5:

• JAMB 2015

The curve labeled III illustrate a system of taxation

A. Regressive tax
B. Progressive tax
C. Value added tax
D. Proportional tax