29 Questions
Which country accounted for the highest share of Ethiopia's exports to Africa?
Somalia
What was the percentage of Ethiopia's export earnings from Nigeria to Africa?
2.2 percent
Which region accounted for the highest percentage of Ethiopia's total imports?
Asia
What percentage of Ethiopia's imports came from Turkey in Europe?
17.1 percent
Which country had the highest share in Ethiopia's exports to America?
United States
What was the combined share of China, Kuwait, and India in Ethiopia's total imports from Asia?
70.0 percent
What percentage of Ethiopia's total imports from America was made up by the United States?
96.2 percent
Which African country was the largest contributor to Ethiopia's total merchandise imports from the continent?
South Africa
Which major import items were sourced from China?
Clothing and textiles
What constituted the bulk of imports from India?
Metal and metal manufacturing goods
Which region accounted for the largest share of Ethiopia's total merchandise imports?
Europe
What can the government do to limit or avoid the import of some goods?
Implement exchange control measures
Which of the following is NOT a mode of payment in international trade?
Credit card payment
What is a Bill of exchange in international trade similar to?
Checks
In international trade, what does a Letter of Credit (LC) address?
A banker to an exporter
Which document in a Letter of Credit specifies the nature, unit price, and total price of the goods?
Shipment document
What does a Bill of exchange require the debtor or buyer to do?
Pay a certain sum of money at a specified time
What is an example of a direct tax mentioned in the text?
Personal income tax
Which tax is imposed on the passing of property title from one entity to another?
Transfer tax
What does corporate tax mainly target?
Profits made by companies
When does an inheritance tax apply according to the text?
On the death of an individual
Which type of tax is imposed on dividend payments to a company's stockholders?
Tax on dividends
Who pays a direct tax based on their profit from business activities in the text?
Business enterprises
What is the tax rate on interest income from deposits?
5%
Which of the following taxes is paid by the consumer as part of the market price?
Sales tax
What is the main difference between Turnover tax (TOT) and VAT?
Annual taxable transaction limit
Which tax is imposed on the payer to withhold tax from payments and submit it to the government?
Withholding tax
What type of tax is Stamp duty?
Indirect tax
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?
Value added tax (VAT)
Test your knowledge on Ethiopia's import partners from various continents. Learn about the percentage breakdown of imports from Europe, America, and Africa, as well as the major countries of origin for Ethiopian imports.
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