Neco 2023 Government Question 41
Practice objective / multiple choice question 41 from the 2023 Neco Government examination.
Country X currently contributes a quota of \(2\%\) to the IMF and receives the standard basic voting share of \(0.5\%\) for all members. The IMF voting weight of a country is calculated as \(0.5 + 0.5 \times (\text{quota}\%)\). The IMF requires a minimum of \(5\%\) total voting weight for a country to be eligible for a seat on the Executive Board. What is the minimum additional quota (in percentage points, to two decimal places) that Country X must acquire to meet the requirement?
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About This Question
This is Neco 2023 Government Question 41. It is one of the objective questions from the 2023 Neco Government examination.
Difficulty level: Hard .
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