Gce Model Questions Vol1 2024 Government Question 37

Practice objective / multiple choice question 37 from the 2024 Gce Model Questions Vol1 Government examination.

Gce Model Questions Vol1 2024 Government Objective / Multiple Choice Hard Difficulty
Question 37 GCE_MODEL_QUESTIONS_VOL1 • 2024 • GOVERNMENT • objective

Council A has a total annual revenue of £12 million. Its revenue comes from three sources: council tax, business rates and a government grant. Council tax accounts for 45 % of the total revenue and business rates account for 30 % of the total revenue. The remaining revenue is the government grant. Council A's council tax revenue is 40 % higher (in absolute terms) than Council B's council tax revenue. Both councils receive the same proportion of their total revenue from business rates. Council B receives a government grant that is £1.5 million larger than Council A's grant. What is Council B's total annual revenue (in millions of pounds, to two decimal places)?

Answer Options

A. 10.87
B. 12.35
Correct Answer C. 11.94
D. 13.20
Correct Answer
C
Correct Option:
11.94

About This Question

This is Gce Model Questions Vol1 2024 Government Question 37. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Government examination.

Difficulty level: Hard .

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