Neco Model Questions Vol1 2019 Government Question 11

Practice objective / multiple choice question 11 from the 2019 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2019 Government Objective / Multiple Choice Hard Difficulty
Question 11 NECO_MODEL_QUESTIONS_VOL1 • 2019 • GOVERNMENT • objective

A local government area (LGA) has a population of 250,000. Its annual revenue comes from three sources: 40% from a fixed federal allocation of ₦120 million, 35% from internally generated revenue (IGR), and the remaining 25% from state allocation. The state allocation is exactly \(\frac{5}{7}\) times the IGR amount. Determine (i) the total annual revenue of the LGA, (ii) the per‑capita revenue, and (iii) the additional amount of revenue the LGA must generate next year to raise per‑capita revenue by 10% without any change in population.

Answer Options

A. Total revenue = ₦300 million; per‑capita revenue = ₦1,200; required increase = ₦25 million
B. Total revenue = ₦320 million; per‑capita revenue = ₦1,280; required increase = ₦32 million
Correct Answer C. Total revenue = ₦300 million; per‑capita revenue = ₦1,200; required increase = ₦30 million
D. Total revenue = ₦280 million; per‑capita revenue = ₦1,120; required increase = ₦28 million
Correct Answer
C
Correct Option:
Total revenue = ₦300 million; per‑capita revenue = ₦1,200; required increase = ₦30 million

About This Question

This is Neco Model Questions Vol1 2019 Government Question 11. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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