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JAMB Economics 1982 Question 30

Question 30

Public Finance

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

  1. A.tariffs
  2. B.excise duties
  3. C.poll tax
  4. D.import duties
  5. E.community tax.
Show the answer and explanation

Answer: B (excise duties)

Explanation

Excise duties are taxes on goods produced inside the country, so they are collected from local industries.