Waec Model Questions Vol1 2019 Civic Education Question 7

Practice objective / multiple choice question 7 from the 2019 Waec Model Questions Vol1 Civic Education examination.

Waec Model Questions Vol1 2019 Civic Education Objective / Multiple Choice Hard Difficulty
Question 7 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • CIVIC_EDUCATION • objective

The federal government allocates N10 billion to the health sector. Due to corruption, 12% of the allocation is siphoned off at the procurement stage. Of the remaining amount, a further 8% is lost through embezzlement during distribution, and finally a 5% administrative overhead is deducted from what is left. (a) What is the effective amount that actually reaches health projects? (b) If the government wants at least N7 billion to reach the projects, what is the minimum initial allocation required, assuming the same loss percentages at each stage?

Answer Options

A. Effective amount: N7.5 billion; Minimum initial allocation: N9.0 billion
B. Effective amount: N7.6912 billion; Minimum initial allocation: N9.200 billion
Correct Answer C. Effective amount: N7.6912 billion; Minimum initial allocation: N9.101 billion
D. Effective amount: N8.0 billion; Minimum initial allocation: N9.5 billion
Correct Answer
C
Correct Option:
Effective amount: N7.6912 billion; Minimum initial allocation: N9.101 billion

About This Question

This is Waec Model Questions Vol1 2019 Civic Education Question 7. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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