Neco 2017 Islamic Religious Studies Question 30

Practice objective / multiple choice question 30 from the 2017 Neco Islamic Religious Studies examination.

Neco 2017 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 30 NECO • 2017 • ISLAMIC_RELIGIOUS_STUDIES • objective

A Muslim merchant's wealth consists of wheat worth ₦300 000, gold worth ₦1 200 000 and cash of ₦800 000. The nisab for zakat is the value of 85 g of gold, equivalent to ₦500 000. Zakat is due at \(2.5\%\) on the total wealth that exceeds the nisab. (a) What is the total zakat payable? (b) How much zakat is attributable to each type of asset (wheat, gold, cash) assuming the zakat is apportioned in proportion to the value of each asset?

Answer Options

A. Total zakat = ₦46,000; Wheat = ₦6,000; Gold = ₦24,000; Cash = ₦16,000.
B. Total zakat = ₦57,500; Wheat = ₦7,500; Gold = ₦20,000; Cash = ₦30,000.
Correct Answer C. Total zakat = ₦57,500; Wheat = ₦7,500; Gold = ₦30,000; Cash = ₦20,000.
D. Total zakat = ₦45,000; Wheat = ₦5,870; Gold = ₦23,480; Cash = ₦15,650.
Correct Answer
C
Correct Option:
Total zakat = ₦57,500; Wheat = ₦7,500; Gold = ₦30,000; Cash = ₦20,000.

About This Question

This is Neco 2017 Islamic Religious Studies Question 30. It is one of the objective questions from the 2017 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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