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JAMB Economics 1985 Question 34

Question 34

Public Finance

Tax which is levied on goods manufactured, sold or used within a country is

  1. A.sales tax
  2. B.excise tax
  3. C.direct tax
  4. D.income tax
  5. E.poll tax.
Show the answer and explanation

Answer: B (excise tax)

Explanation

Excise duty is the tax charged on goods produced inside the country.