Past Questions And Answers
The average tax rate is defined as
- A. total tax rate less the marginal tax rate
- B. the tax rate which applies to additional value income
- C. the ratio of total taxes paid to total income
- D. marginal tax rate for being progressive
If a business shows a debit balance in its own record of its bank balance, this indicates.
- A) the business has a bank overdraft
- B) the business is a debtor of the bank
- C) the business has money in the bank
- D) the ledger entry must be wrong
An increase in entropy can best be illustrated by
- A) mixing of gases
- B) freezing of water
- C) the condensation of vapour
- D) solidifying candle wax
The pie chart above shows the monthly distribution of a man's salary on food items. If he spent N8,000 on rice, how much did he spent on yam?
- A. N42,000
- B. N18,000
- C. N16,000
- D. N12,000
The entitlement of a debenture holder from a company's income is known as
- A. commission
- B. interest
- C. lien
- D. dividend
One of features of a unitary state is that
- A. a two party system is usually entrenched in the constitution
- B. members of Parliament are selected
- C. power is shared among all levels of government
- D. the constitution is flexible
In company accounts, profit after tax is shared in the ______ account.
- A) appropriation
- B) revaluation
- C) current
- D) profit realization
One of the major threats to fruit farming in the Mediterranean regions of Africa is the
- A. dominance of European setters
- B. fluctuations in prices of the products
- C. heavy rains that flood the farms
- D. damaging effect of strong winds on fruits
A platinum resistance thermometer wire has a resistance of 5 ohms at 0oC and 5.5 ohms at 100oC. Calculate the temperature of the wire when the resistance is 5.2 ohms
- A. 80oC
- B. 60oC
- C. 40oC
- D. 10oC
An object of mass 50kg is released from a height of 2m.Find the kinetic energy just before it strikes the ground
- A. 250J
- B. 1000J
- C. 10 000J
- D. 100 000J