Neco 2022 Government Question 8

Practice objective / multiple choice question 8 from the 2022 Neco Government examination.

Neco 2022 Government Objective / Multiple Choice Hard Difficulty
Question 8 NECO • 2022 • GOVERNMENT • objective

In the International Monetary Fund each member receives 250 basic votes plus one additional vote for every 100 SDR of its quota. Country X has a quota of 5 000 SDR. The total number of votes in the IMF is 2 500 000. (a) What percentage of the total voting power does Country X hold (expressed to three decimal places)? (b) If a decision requires 85 % of the total votes, how many additional votes must Country X acquire by increasing its quota, and what additional quota in SDR does this correspond to? Assume the same conversion rate of 1 vote per 100 SDR.

Answer Options

A. 0.011%; 2 124 700 votes; 212 470 000 SDR
Correct Answer B. 0.012%; 2 124 700 votes; 212 470 000 SDR
C. 0.012%; 2 124 700 votes; 212 400 000 SDR
D. 0.012%; 2 124 600 votes; 212 470 000 SDR
Correct Answer
B
Correct Option:
0.012%; 2 124 700 votes; 212 470 000 SDR

About This Question

This is Neco 2022 Government Question 8. It is one of the objective questions from the 2022 Neco Government examination.

Difficulty level: Hard .

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