What is a tax?

Here are the answers to your questions:

QUESTION 24
What is a tax?
A tax is a compulsory financial charge or other levy imposed by a government on an individual or an organization to fund public expenditures.

QUESTION 25
Name three commercial banks operating in the country.
A. Bank South Pacific (BSP)
B. ANZ Bank
C. Westpac Bank

QUESTION 26
Morobe Joint Venture is the developer of Hidden Valley Gold Mine in Bulolo, Morobe Province. Which law would protect the people from the company's harmful operation?
The law that would protect the people from the company's harmful operation is Environmental Protection Law or Mining Act.

QUESTION 27
People who do farming activities such as raising pigs, poultry, growing rice and vegetables can get a loan from the National Development Bank. This type of loan is called agricultural loan or development loan.