JAMB Government Past Questions & Answers - Page 13

61.

In a communist system, who owns and controls the means of production?

A.

corporations

B.

The government

C.

private individuals

D.

non-profit organizations

Correct answer is B

In a communist system, the means of production are owned and controlled by the government. This is because communism advocates for a classless society where wealth and power are distributed equally among the citizens. Therefore, the government controls the means of production to ensure this equal distribution.

62.

A key principle of the socialist system of government is the ___________.

A.

minimal government intervention in the economy

B.

private ownership of the means of production

C.

power concentrated in the hands of a few elite individuals

D.

equality of opportunity and outcome

Correct answer is D

A key principle of the socialist system of government is the equality of opportunity and outcome. This means that in a socialist system, the government controls the means of production and wealth is distributed equally among the population to ensure everyone has the same opportunities and outcomes.

63.

The arm of government responsible for budget approval and oversight is the

A.

judiciary

B.

executive

C.

administrative

D.

legislative

Correct answer is D

The legislative arm of government is responsible for budget approval and oversight. This is because the legislature has the power of the purse, meaning it is responsible for approving the government's budget and overseeing its implementation to ensure that funds are used as intended.

64.

The current constitution of Nigeria is based on the model of which country?

A.

Germany

B.

United States

C.

France

D.

United Kingdom

Correct answer is B

The current constitution of Nigeria is based on the model of the United States. This is evident in the structure of the government, which includes a separation of powers among three branches: the executive, the legislative, and the judicial. This model is similar to the one used in the United States.

65.

Nigeria is a founding member of which regional organization?

A.

ECOWAS

B.

Non-aligned Movement

C.

OPEC

D.

IMF

Correct answer is A

Nigeria is a founding member of the Economic Community of West African States (ECOWAS). ECOWAS is a regional political and economic union of fifteen countries located in West Africa. It was established on May 28, 1975, and Nigeria is one of the founding members.