Post Utme Uniosun 2022 Government Question 41

Practice objective / multiple choice question 41 from the 2022 Post Utme Uniosun Government examination.

Post Utme Uniosun 2022 Government Objective / Multiple Choice
Question 41 POST_UTME_UNIOSUN • 2022 • GOVERNMENT • objective

The concept of socialism is an economic system in which the means of production are owned and controlled by the state. Which of the following is a key characteristic of a socialist system?

Answer Options

A. The private ownership of the means of production.
Correct Answer B. The state ownership of the means of production.
C. The free market economy.
D. The planned economy.
Correct Answer
B
Correct Option:
The state ownership of the means of production.

About This Question

This is Post Utme Uniosun 2022 Government Question 41. It is one of the objective questions from the 2022 Post Utme Uniosun Government examination.

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