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JAMB Commerce 2020 Objective — Question 21

Question 21 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

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21. Tax imposed on locally made goods is known as a

  • A. A. Tariff
  • B. B. Excise dutiesCorrect
  • C. C. Import duties
  • D. D. Value added tax

Explanation

Excise duties are levies imposed on locally made goods.

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