NECO Past Questions and Answers - Page 170

846.

A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.

A.

Direct

B.

Indirect

C.

Progressive

D.

Proportional

E.

Regressive

Correct answer is D

No explanation has been provided for this answer.

847.

The following countries are members of ECOWAS EXCEPT

A.

Angola

B.

Ghana

C.

Ivory Coast

D.

Liberia

E.

Niger Republic

Correct answer is A

No explanation has been provided for this answer.

848.

Which of the following goods are NOT examples of joint supply?

A.

Beef and hides

B.

Fuel and kerosene

C.

Palm oil and kernel

D.

Tea and coffee

E.

Wool and Mutton

Correct answer is D

No explanation has been provided for this answer.

849.

Standard deviation can be determined by the square root of the

A.

Mean

B.

Mean deviation

C.

Mode

D.

Variance

E.

Variance divided by the mean

Correct answer is D

No explanation has been provided for this answer.

850.

The following are types of monopolies EXCEPT 

A.

Cartels

B.

Holding companies

C.

Syndicates

D.

Thrifts

E.

Trusts

Correct answer is D

No explanation has been provided for this answer.