Gce Model Questions Vol1 2022 Civic Education Question 34
Practice objective / multiple choice question 34 from the 2022 Gce Model Questions Vol1 Civic Education examination.
The Ministry of Health has an annual budget of \(\text{₦}500\) million. By law it must allocate at least \(20\%\) of the budget to capital projects, allocate no more than \(50\%\) to recurrent expenditure, and the remainder is set aside as a contingency fund. The ministry plans to spend \(\text{₦}120\) million on capital projects and wishes recurrent expenditure to be exactly \(45\%\) of the total budget. How much money will be placed in the contingency fund?
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About This Question
This is Gce Model Questions Vol1 2022 Civic Education Question 34. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Civic Education examination.
Difficulty level: Medium .
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