Neco Model Questions Vol1 2022 Civic Education Question 10
Practice objective / multiple choice question 10 from the 2022 Neco Model Questions Vol1 Civic Education examination.
The annual financial loss due to corruption is estimated at ₦5,000,000,000. The government can adopt Reform X, costing ₦200,000,000 per year and expected to cut losses by 12 % of the current loss each year; or Reform Y, costing ₦350,000,000 per year, expected to cut losses by 18 % of the current loss each year and to increase foreign investment revenue by ₦150,000,000 per year. The effects of the reforms are additive if both are implemented. Considering the first year only, which option (None, X only, Y only, or Both) gives the greatest net financial benefit (savings minus costs plus any added revenue)? State the chosen option and the net benefit in naira.
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About This Question
This is Neco Model Questions Vol1 2022 Civic Education Question 10. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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