Neco 2017 Islamic Religious Studies Question 44

Practice objective / multiple choice question 44 from the 2017 Neco Islamic Religious Studies examination.

Neco 2017 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 44 NECO • 2017 • ISLAMIC_RELIGIOUS_STUDIES • objective

Usman's total wealth at the end of Ramadan consists of:\n\n- Cash savings: ₦120,000\n- Gold jewellery equivalent to ₦30,000 (current market value)\n- Outstanding debts: ₦10,000\n\nThe nisab for zakat is the value of \(85\text{ g}\) of gold, which is currently ₦20,000. Zakat is due at \(2.5\%\) of net zakatable wealth above the nisab. Determine whether Usman is obligated to pay zakat and, if so, calculate the exact amount payable (in Naira).

Answer Options

A. Yes, zakat is payable; amount = ₦2,500
B. No, zakat is not payable; amount = ₦0
C. Yes, zakat is payable; amount = ₦4,000
Correct Answer D. Yes, zakat is payable; amount = ₦3,500
Correct Answer
D
Correct Option:
Yes, zakat is payable; amount = ₦3,500

About This Question

This is Neco 2017 Islamic Religious Studies Question 44. It is one of the objective questions from the 2017 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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