Neco 2020 Government Question 34

Practice objective / multiple choice question 34 from the 2020 Neco Government examination.

Neco 2020 Government Objective / Multiple Choice Hard Difficulty
Question 34 NECO • 2020 • GOVERNMENT • objective

A local government council records a total annual revenue of ₦120 million, consisting of three sources: federal allocation, internally generated revenue (IGR), and grants. The federal allocation equals \(40\\%\) of the total revenue, and the amount received as grants is twice the amount of IGR. (a) Calculate the monetary values of IGR and grants. (b) The council allocates \(30\\%\) of its IGR to health services and \(50\\%\) of its grants to education. Determine the amounts allocated to health and to education.

Answer Options

A. IGR = ₦20 million; Grants = ₦40 million; Health = ₦6 million; Education = ₦20 million
Correct Answer B. IGR = ₦24 million; Grants = ₦48 million; Health = ₦7.2 million; Education = ₦24 million
C. IGR = ₦24 million; Grants = ₦48 million; Health = ₦8 million; Education = ₦22 million
D. IGR = ₦30 million; Grants = ₦60 million; Health = ₦9 million; Education = ₦30 million
Correct Answer
B
Correct Option:
IGR = ₦24 million; Grants = ₦48 million; Health = ₦7.2 million; Education = ₦24 million

About This Question

This is Neco 2020 Government Question 34. It is one of the objective questions from the 2020 Neco Government examination.

Difficulty level: Hard .

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