Waec Model Questions Vol1 2018 Government Question 38

Practice objective / multiple choice question 38 from the 2018 Waec Model Questions Vol1 Government examination.

Waec Model Questions Vol1 2018 Government Objective / Multiple Choice Hard Difficulty
Question 38 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • GOVERNMENT • objective

A local government council receives three sources of revenue: property rates, market levy and federal allocation. The council must allocate at least 40% of total revenue to infrastructure, at most 30% to administration, and the remainder to social services. In a given year the council receives \u20a4 12,000,000 from property rates and the market levy is 25% of the property rates revenue. The federal allocation is set so that total revenue equals \u20a4 20,000,000. Originally the council allocated the minimum permissible percentage to infrastructure and the maximum permissible percentage to administration. The council now decides to increase infrastructure spending by \u20a4 1,200,000 while keeping administration spending unchanged. How much must be reduced from social services spending to keep the budget balanced?

Answer Options

A. \u20a4 2,000,000
Correct Answer B. \u20a4 1,200,000
C. \u20a4 1,000,000
D. \u20a4 1,500,000
Correct Answer
B
Correct Option:
\u20a4 1,200,000

About This Question

This is Waec Model Questions Vol1 2018 Government Question 38. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Government examination.

Difficulty level: Hard .

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