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