Neco Model Questions Vol1 2017 Government Question 10
Practice objective / multiple choice question 10 from the 2017 Neco Model Questions Vol1 Government examination.
In the International Monetary Fund (IMF), voting power consists of basic votes equal to 5.5 % of the total votes, which are shared equally among all 190 member countries, plus additional votes proportional to a country's quota. Each 100 000 SDR of quota gives an additional 0.5 % of the total votes. Country X has a quota of 120 000 SDR. Determine Country X's total voting percentage and state whether it exceeds the 3 % threshold required to appoint an Executive Director. Answer "Yes" if it exceeds the threshold, otherwise "No".
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About This Question
This is Neco Model Questions Vol1 2017 Government Question 10. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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