Neco 2018 Government Question 45

Practice objective / multiple choice question 45 from the 2018 Neco Government examination.

Neco 2018 Government Objective / Multiple Choice Hard Difficulty
Question 45 NECO • 2018 • GOVERNMENT • objective

A local government area (LGA) has an annual budget of \u20A6120 million. Its revenue comes from three sources: statutory allocations, internally generated revenue (IGR), and grants. The statutory allocation is fixed at \u20A645 million. The IGR is \(20\%\) higher than the grant amount. The LGA allocates \(40\%\) of the total budget to capital expenditure, \(35\%\) to recurrent expenditure, and the remaining to a development fund. If the amount allocated to the development fund equals the grant amount, determine the grant amount and the IGR.

Answer Options

A. Grant = 28 million naira; IGR = 33.6 million naira
Correct Answer B. Grant = 30 million naira; IGR = 36 million naira
C. Grant = 25 million naira; IGR = 30 million naira
D. Grant = 32 million naira; IGR = 38.4 million naira
Correct Answer
B
Correct Option:
Grant = 30 million naira; IGR = 36 million naira

About This Question

This is Neco 2018 Government Question 45. It is one of the objective questions from the 2018 Neco Government examination.

Difficulty level: Hard .

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