Waec Model Questions Vol1 2022 Government Question 50
Practice objective / multiple choice question 50 from the 2022 Waec Model Questions Vol1 Government examination.
A Local Government receives three sources of revenue: a federal allocation, a state allocation, and internally generated revenue (IGR). The federal allocation equals 40 % of the total revenue, while the state allocation is a fixed amount of ₦10,000,000. The IGR is the remainder. Within the IGR, market fees constitute 60 % of IGR and amount to ₦4,200,000. What is the total revenue of the Local Government and how much does it receive from other IGR sources (i.e., IGR excluding market fees)?
Answer Options
About This Question
This is Waec Model Questions Vol1 2022 Government Question 50. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Government examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.