Capitalism - Jamb Government Past Questions and Answers

Question 1:

• JAMB 2019

In a democratic system _______

A. Majority Vote
B. Legal sovereignty shouldn't be unquestionable
C. Electoral college is always necessary
D. Minority vote but majority rule

Question 2:

• JAMB 1982

One of the fundamental features of capitalism is

A. That the major factors of production are privately owned
B. The predominance of the public sector in the economy
C. The elimination of all forms of competition
D. The rule of the few
E. The enternchment of social rights

Question 3:

• JAMB 1983

Capitalism is an economic system in which

A. The economy of the State is centrally planned and controlled
B. Private persons are permittd to undertake enterprises
C. Accumulation of private property is forbidden
D. The means of production are owned and controlled by the state
E. All big industries and the land are publicly owned for the common good

Question 4:

• JAMB 1983

According to Marxist theory, those who own and control the means of production in a capitalist society are

A. Explotiters
B. Colonialists
C. Workers
D. Shareholders
E. Bourgeoisie

Question 5:

• JAMB 1984

Capitalism often encourages

A. Public
B. A centrally planned economy
C. Private ownership of the means of production
D. Anarchy
E. Deconcentration of political and economic powers in the same hands