Neco Model Questions Vol1 2018 Government Question 45

Practice objective / multiple choice question 45 from the 2018 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2018 Government Objective / Multiple Choice Hard Difficulty
Question 45 NECO_MODEL_QUESTIONS_VOL1 • 2018 • GOVERNMENT • objective

Nigeria adopts a two‑track foreign policy.\nTrack 1 (diplomatic) reduces trade barriers with a partner country by 12%.\nTrack 2 (security) raises military aid by 20% of the defence budget.\nIf the current annual trade volume with the partner is US\$4.5\,billion and the defence budget is US\$1.2\,billion, determine (a) the increase in trade value, (b) the additional amount allocated to military aid, and (c) whether the combined cost of both tracks exceeds 15% of the total national budget of US\$30\,billion.

Answer Options

Correct Answer A. Trade increase US$540 million, aid increase US$240 million; policy is within the budget limit
B. Trade increase US$480 million, aid increase US$240 million; policy is within the budget limit
C. Trade increase US$540 million, aid increase US$240 million; policy exceeds the budget limit
D. Trade increase US$540 million, aid increase US$300 million; policy is within the budget limit
Correct Answer
A
Correct Option:
Trade increase US$540 million, aid increase US$240 million; policy is within the budget limit

About This Question

This is Neco Model Questions Vol1 2018 Government Question 45. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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