Neco Model Questions Vol1 2018 Government Question 31

Practice objective / multiple choice question 31 from the 2018 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2018 Government Objective / Multiple Choice Hard Difficulty
Question 31 NECO_MODEL_QUESTIONS_VOL1 • 2018 • GOVERNMENT • objective

A local government receives three sources of revenue: a federal allocation of \(\text{₦}120,000,000\), internally generated revenue of \(\text{₦}80,000,000\), and a grant of \(\text{₦}50,000,000\). The following conditions apply: 1. At least \(40\%\) of the federal allocation must be spent on infrastructure. 2. At least \(30\%\) of the internally generated revenue must be spent on health. 3. The total amount spent on education must be at least \(25\%\) of the total expenditure. 4. After meeting the above mandatory allocations, any remaining funds are to be divided equally between administration and other projects. What amount will be allocated to administration after all conditions are satisfied?

Answer Options

Correct Answer A. ₦57,750,000
B. ₦60,000,000
C. ₦52,500,000
D. ₦55,000,000
Correct Answer
A
Correct Option:
₦57,750,000

About This Question

This is Neco Model Questions Vol1 2018 Government Question 31. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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