Post Utme Economics Past Questions and Answers

Question 461:

Proportional tax refers to ____________

A. Taxation of the rich only
B. Equal tax rate for all people
C. Unequal tax rate for all people
D. Taxation of civil servant only,

Question 462:

The population which yields the biggest level of income per head is known as ____________

A. Over population
B. Under population
C. Extreme population
D. Optimum population

Question 463:

In ordinary partnership, the risks are ____________

A. Borne by the workers
B. Borne by the creditors
C. Imports and exports services
D. Visible exports and visible imports.

Question 464:

The quantity demanded of a commodity is influenced only by changes in ____________

A. Taste
B. Weather
C. Price of the commodity
D. Prices of other commodity.

Question 465:

Which of the following is an indirect tax?

A. Income tax
B. Company tax
C. Profit tax
D. Sales tax