Ethiopia's Import Partners Quiz
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Questions and Answers

Which country accounted for the highest share of Ethiopia's exports to Africa?

  • Sudan
  • Djibouti
  • Kenya
  • Somalia (correct)
  • What was the percentage of Ethiopia's export earnings from Nigeria to Africa?

  • 6.6 percent
  • 1.4 percent
  • 2.2 percent (correct)
  • 4.1 percent
  • Which region accounted for the highest percentage of Ethiopia's total imports?

  • Europe
  • America
  • Asia (correct)
  • Africa
  • What percentage of Ethiopia's imports came from Turkey in Europe?

    <p>17.1 percent</p> Signup and view all the answers

    Which country had the highest share in Ethiopia's exports to America?

    <p>United States</p> Signup and view all the answers

    What was the combined share of China, Kuwait, and India in Ethiopia's total imports from Asia?

    <p>70.0 percent</p> Signup and view all the answers

    What percentage of Ethiopia's total imports from America was made up by the United States?

    <p>96.2 percent</p> Signup and view all the answers

    Which African country was the largest contributor to Ethiopia's total merchandise imports from the continent?

    <p>South Africa</p> Signup and view all the answers

    Which major import items were sourced from China?

    <p>Clothing and textiles</p> Signup and view all the answers

    What constituted the bulk of imports from India?

    <p>Metal and metal manufacturing goods</p> Signup and view all the answers

    Which region accounted for the largest share of Ethiopia's total merchandise imports?

    <p>Europe</p> Signup and view all the answers

    What can the government do to limit or avoid the import of some goods?

    <p>Implement exchange control measures</p> Signup and view all the answers

    Which of the following is NOT a mode of payment in international trade?

    <p>Credit card payment</p> Signup and view all the answers

    What is a Bill of exchange in international trade similar to?

    <p>Checks</p> Signup and view all the answers

    In international trade, what does a Letter of Credit (LC) address?

    <p>A banker to an exporter</p> Signup and view all the answers

    Which document in a Letter of Credit specifies the nature, unit price, and total price of the goods?

    <p>Shipment document</p> Signup and view all the answers

    What does a Bill of exchange require the debtor or buyer to do?

    <p>Pay a certain sum of money at a specified time</p> Signup and view all the answers

    What is an example of a direct tax mentioned in the text?

    <p>Personal income tax</p> Signup and view all the answers

    Which tax is imposed on the passing of property title from one entity to another?

    <p>Transfer tax</p> Signup and view all the answers

    What does corporate tax mainly target?

    <p>Profits made by companies</p> Signup and view all the answers

    When does an inheritance tax apply according to the text?

    <p>On the death of an individual</p> Signup and view all the answers

    Which type of tax is imposed on dividend payments to a company's stockholders?

    <p>Tax on dividends</p> Signup and view all the answers

    Who pays a direct tax based on their profit from business activities in the text?

    <p>Business enterprises</p> Signup and view all the answers

    What is the tax rate on interest income from deposits?

    <p>5%</p> Signup and view all the answers

    Which of the following taxes is paid by the consumer as part of the market price?

    <p>Sales tax</p> Signup and view all the answers

    What is the main difference between Turnover tax (TOT) and VAT?

    <p>Annual taxable transaction limit</p> Signup and view all the answers

    Which tax is imposed on the payer to withhold tax from payments and submit it to the government?

    <p>Withholding tax</p> Signup and view all the answers

    What type of tax is Stamp duty?

    <p>Indirect tax</p> Signup and view all the answers

    Which of the following taxes is based on the increase in value or price of a product at each stage of its manufacture and distribution?

    <p>Value added tax (VAT)</p> Signup and view all the answers

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