Neco Model Questions Vol1 2022 Government Question 47
Practice objective / multiple choice question 47 from the 2022 Neco Model Questions Vol1 Government examination.
In the IMF, Nigeria holds \(0.5\%\) of the total voting power. A reform proposal needs at least \(85\%\) of the total voting power to pass. Nigeria joins a coalition with two countries that have \(1.2\%\) and \(0.8\%\) voting shares respectively. The coalition can persuade additional countries, each contributing at least \(0.4\%\) voting power. (a) What is the minimum number of additional countries required for the coalition to reach the \(85\%\) threshold? (b) If each additional country costs Nigeria ₦0.05 billion in diplomatic expenses, compute the total expense incurred.
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About This Question
This is Neco Model Questions Vol1 2022 Government Question 47. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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