Gce Model Questions Vol1 2020 Civic Education Question 26

Practice objective / multiple choice question 26 from the 2020 Gce Model Questions Vol1 Civic Education examination.

Gce Model Questions Vol1 2020 Civic Education Objective / Multiple Choice Hard Difficulty
Question 26 GCE_MODEL_QUESTIONS_VOL1 • 2020 • CIVIC_EDUCATION • objective

A government reports an annual corruption loss of \(\text{₦}500\) million. It introduces two anti‑corruption measures. Measure A cuts the loss by \(15\%\) of the original amount. Measure B provides a whistle‑blower reward that costs \(2\%\) of the total annual budget of \(\text{₦}2\) billion and, after the reward is paid, reduces the remaining loss by a further \(10\%\) of that reduced amount. What is the net saving to public funds after both measures are applied?

Answer Options

A. ₦75 million
B. ₦80 million
Correct Answer C. ₦77.5 million
D. ₦70 million
Correct Answer
C
Correct Option:
₦77.5 million

About This Question

This is Gce Model Questions Vol1 2020 Civic Education Question 26. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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