Capitalism - Jamb Government Past Questions and Answers

Question 11:

• JAMB 1990

Liberalism is a philosophy underlying

A. Socialism
B. Capitalism
C. Feudalism
D. Nazism

Question 12:

• JAMB 1994

An economic system in which the major means of production are owned and controlled by a few individuals is called

A. Socialism
B. Communism
C. Communalism
D. Capitalism

Question 13:

• JAMB 1994

The term, comprador bourgeoise has been used by scholars to describe

A. Foreign businessmen in Nigerian
B. Foreign diplomats working in Nigeria
C. Nigerian businessmen who represent foreign interests
D. Nigerian contractors to foreign government

Question 14:

• JAMB 2001

The central point of capitalism, as expounded by Karl Marx, is that

A. Capitalist profit is the surplus value obtained from workers labour
B. Workers are inherently incapable of being owners of their labour
C. Capitalists shall always increase worker earning capacity through wages
D. Capitslists shall always readily consent to workers welfare demands.

Question 15:

• JAMB 2003

Capitalism is a system of economic organization based on

A. A mixed economy that takes all ineterests into consideration
B. Individual ownership of the means of production
C. Very fair distribution of the means of production
D. Trading among people who own and control their items of trade