Post Utme Economics Past Questions and Answers

Question 86:

A modern corporation is owned by ____________

A. Debenture holders
B. Ordinary shareholders
C. Preference shareholders
D. Creditors

Question 87:

One of the most important factors that should be considered in the location of an industry is ____________

A. Nearness to the financial centre
B. Assured patronage by government functionaries
C. Availability of inputs and market
D. Availability of adequate security

Question 88:

What is the term used to describe a policy aimed promoting the local production of goods which are usually imported?

A. Deregulation
B. Import substitution
C. Tariff reduction
D. Backward integration

Question 89:

Progressive tax structure is designed to ____________

A. Take more from the income of the poor
B. Take more from the income of the rich
C. Take equal proportion of income from both the rich and the poor
D. Reduce the problems emanating from tax imposition

Question 90:

The use of legally permissible means to reduce tax liabilities is known as tax ____________

A. Evasion
B. Avoidance
C. Relief
D. Exemption