Post Utme Futa 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A government's budget is given by the following table:\n| Category | Revenue | Exp\enditure |\n| --- | --- | --- |\n| Tax | ₦1000 | ₦800 |\n| Non-tax | ₦500 | ₦600 |\n| Total | ₦1500 | ₦1400 |\nIf the government's exchange rate is ₦5 per dollar, find the budget balance.

Answer Options

Correct Answer A. ₦100 surplus
B. ₦100 deficit
C. ₦50 surplus
D. ₦50 deficit
Correct Answer
A
Correct Option:
₦100 surplus

About This Question

This is Post Utme Futa 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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