Post Utme Mountain Top University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A government budget is prepared to achieve a fiscal deficit of ₦500 billion. If the government's revenue is ₦1.5 trillion and the interest rate on its debt is 10%, what is the maximum amount of debt the government can issue?

Answer Options

A. ₦1.5 trillion
B. ₦1.8 trillion
Correct Answer C. ₦2.0 trillion
D. ₦2.5 trillion
Correct Answer
C
Correct Option:
₦2.0 trillion

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support