Gce Model Questions Vol1 2017 Government Question 40

Practice objective / multiple choice question 40 from the 2017 Gce Model Questions Vol1 Government examination.

Gce Model Questions Vol1 2017 Government Objective / Multiple Choice Hard Difficulty
Question 40 GCE_MODEL_QUESTIONS_VOL1 • 2017 • GOVERNMENT • objective

The International Monetary Fund (IMF) assigns voting power to each member according to the formula: \[\text{Voting Power} = \text{Basic Votes} + 0.5 \times (\text{Quota \%})\] where every member receives the same basic votes equal to \(5.5\%\) of the total voting power, and each 1 % of a member's quota contributes \(0.5\%\) to its voting power. Country X holds a quota of \(2\%\) of the total IMF quota, while Country Y holds a quota of \(3\%\). (a) Calculate the individual voting power percentages of Country X and Country Y. (b) A decision requires at least \(85\%\) of the total voting power to pass. Can a coalition of Country X and Country Y together block the decision? (Recall that a coalition can block a decision if its combined voting power is greater than \(15\%\).) Provide a "Yes" or "No" answer.

Answer Options

Correct Answer A. X = 6.5%, Y = 7.0%; No
B. X = 5.5%, Y = 6.0%; No
C. X = 7.0%, Y = 8.0%; No
D. X = 6.5%, Y = 7.0%; Yes
Correct Answer
A
Correct Option:
X = 6.5%, Y = 7.0%; No

About This Question

This is Gce Model Questions Vol1 2017 Government Question 40. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Government examination.

Difficulty level: Hard .

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