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WAEC Commerce 2017 Question 18

Question 18

Government and Business

The duty payable on goods produced locally is

  1. A.export duty.
  2. B.excise duty.
  3. C.import duty.
  4. D.advalorem duty.
Show the answer and explanation

Answer: B (excise duty.)

Explanation

Excise duty is a tax on goods produced within the country.