Neco Model Questions Vol1 2024 Government Question 8

Practice objective / multiple choice question 8 from the 2024 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2024 Government Objective / Multiple Choice Hard Difficulty
Question 8 NECO_MODEL_QUESTIONS_VOL1 • 2024 • GOVERNMENT • objective

A local government council has an annual revenue of \(\text{N}10,000,000\). By law, at least 30 % must be allocated to basic services, no more than 20 % to administrative expenses, and the remainder to development projects. The council wishes to allocate 55 % of the total revenue to development projects. Determine whether this is permissible, and if not, calculate the maximum percentage that can be allocated to development projects while satisfying the other constraints.

Answer Options

A. Not permissible; the maximum development allocation is 45 % of the total revenue.
B. Permissible; the council can allocate 55 % to development projects.
C. Not permissible; the maximum development allocation is 60 % of the total revenue.
Correct Answer D. Not permissible; the maximum development allocation is 50 % of the total revenue.
Correct Answer
D
Correct Option:
Not permissible; the maximum development allocation is 50 % of the total revenue.

About This Question

This is Neco Model Questions Vol1 2024 Government Question 8. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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