Neco Model Questions Vol1 2024 Civic Education Question 29

Practice objective / multiple choice question 29 from the 2024 Neco Model Questions Vol1 Civic Education examination.

Neco Model Questions Vol1 2024 Civic Education Objective / Multiple Choice Medium Difficulty
Question 29 NECO_MODEL_QUESTIONS_VOL1 • 2024 • CIVIC_EDUCATION • objective

The government allocates funds to ministries using the rule: each ministry receives a base amount of ₦200 million plus an additional amount equal to 5 % of its staff count multiplied by ₦1 million. Ministry A has 120 staff members and Ministry B has 250 staff members. If the total amount actually allocated to the two ministries is ₦500 million, does the allocation follow the rule? If not, calculate the monetary discrepancy.

Answer Options

A. The allocation exceeds the rule by ₦91.0 million.
Correct Answer B. The allocation exceeds the rule by ₦81.5 million.
C. The allocation exceeds the rule by ₦71.5 million.
D. The allocation falls short of the rule by ₦81.5 million.
Correct Answer
B
Correct Option:
The allocation exceeds the rule by ₦81.5 million.

About This Question

This is Neco Model Questions Vol1 2024 Civic Education Question 29. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Civic Education examination.

Difficulty level: Medium .

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