Gce Model Questions Vol1 2024 Government Question 46

Practice objective / multiple choice question 46 from the 2024 Gce Model Questions Vol1 Government examination.

Gce Model Questions Vol1 2024 Government Objective / Multiple Choice Hard Difficulty
Question 46 GCE_MODEL_QUESTIONS_VOL1 • 2024 • GOVERNMENT • objective

The IMF decides to allocate a total of £(100) billion Special Drawing Rights (SDRs) among its members in proportion to their quota shares. Country X currently has a quota of £(12.5) billion SDRs out of a total quota of £(500) billion SDRs. After a quota review, Country X's quota increases by £(0.5) billion SDRs, while the total quota of the IMF remains unchanged. (a) How many SDRs does Country X receive from the allocation before the quota increase? (b) How many SDRs does Country X receive after the quota increase? (c) What is the percentage increase in Country X's SDR allocation as a result of the quota increase?

Answer Options

A. (a) £2.6 billion SDRs; (b) £2.7 billion SDRs; (c) 5 %
Correct Answer B. (a) £2.5 billion SDRs; (b) £2.6 billion SDRs; (c) 4 %
C. (a) £2.4 billion SDRs; (b) £2.5 billion SDRs; (c) 3 %
D. (a) £2.5 billion SDRs; (b) £2.7 billion SDRs; (c) 8 %
Correct Answer
B
Correct Option:
(a) £2.5 billion SDRs; (b) £2.6 billion SDRs; (c) 4 %

About This Question

This is Gce Model Questions Vol1 2024 Government Question 46. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Government examination.

Difficulty level: Hard .

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