Sources of government revenue - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 2006

Personal income tax as a source of government revenue is increased when the

A. Tax rate is raised
B. Tax system is proportional
C. Retirement age is reduced
D. Tax base is contracted

Question 17:

• JAMB 2006

The main source of government revenue in Nigeria is

A. Import duties
B. Rents and royalties
C. Company income tax
D. Capital gains tax