Gce Model Questions Vol1 2022 Government Question 6
Practice objective / multiple choice question 6 from the 2022 Gce Model Questions Vol1 Government examination.
A local council had total revenue of ₦120 million in 2021, consisting of central government transfers of ₦70 million, own‑source revenue of ₦30 million and other external grants of ₦20 million. The council introduces a local property tax expected to raise its own‑source revenue by (25%) of the current own‑source amount, while the central government reduces its transfers by (10%) of the original transfer amount. After these changes, does the council's own‑source revenue constitute more than (40%) of its total revenue? State "Yes" or "No" and show the calculation.
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About This Question
This is Gce Model Questions Vol1 2022 Government Question 6. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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