Gce Model Questions Vol1 2021 Government Question 7
Practice objective / multiple choice question 7 from the 2021 Gce Model Questions Vol1 Government examination.
The International Monetary Fund (IMF) assigns each member a voting power consisting of a basic component of \(5\%\) of the total votes plus a component proportional to its quota share. The remaining \(95\%\) of the votes are distributed in proportion to each member's quota. Three countries have the following quota shares and shares of world GDP: - Country A: quota \(1.2\%\), GDP \(0.8\%\) - Country B: quota \(2.5\%\), GDP \(2.0\%\) - Country C: quota \(0.9\%\), GDP \(1.5\%\) For each country, calculate its total voting percentage and then the discrepancy between its voting percentage and its GDP share. Which country has the greatest positive discrepancy (i.e., is most over‑represented) in IMF voting?
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About This Question
This is Gce Model Questions Vol1 2021 Government Question 7. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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