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Socialism - Government Jamb Past Questions and Answers

Government Questions And Answers On Socialism
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Government Jamb Past Questions


Questions and Answers on Socialism

Question 6 :



Socialism is a mode of production based on

A. State state ownership of the means of production
B. Collective ownership of the means of production
C. National ownership of the means of productions
D. Mixed ownership of means of production


Question 7 :



According to Karl Marx,the mode of production that precedes capitalism is

A. Mercantilism
B. Feudalism
C. Socialism
D. Communalism


Question 8 :



An economic system that encourages even distribution of wealth in the society is

A. Liberalism
B. Socialism
C. Mercantilism
D. Capitalism


Question 9 :



In a socialist economy,private accumulation of wealth is

A. Prohibited
B. Regulated
C. Limited
D. Encouraged


Question 10 :



Which of the following advocates equitable distribution of wealth?

A. Capitalism
B. Aristocracy
C. Socialism
D. Plutocracy






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