Professional Documents
Culture Documents
SECTION B
ANSWER ALL QUESTIONS
1a. Define privatization. 2mks
b. Enumerate three advantages of privatization in Nigeria. 3mks
c. State five consequences of privatization in Nigeria. 5mks
2.Mention five merits and five demerits of deregulation in Nigeria. 10mks
3a. List five advantages of census in Nigeria. 5mks
b. State five advantages of commercialization. 5mks
4a. Enumerate five importance of social studies. 5mks
b.State five relevance of peace in our society. 5mks
OBJECTIVE SECTION MARK GUIDE.
1D 4D 7E 10B 13C
2E 5A 8A 11B 14A
3D 6E 9E 12D 15B
1A. This is the transfer of ownership of government owned companies or enterprise to private sector
or individuals.
2. It improves innovation.
3. It sometimes leads to inflation, as private enterprise is profit oriented and with the removal of
subsidies.
A. Lack of awareness: This is caused by high level of illiteracy and the government is not doing enough
to sensitize the masses.
B. Poverty: People cannot afford to buy shares because they are poor, hence there is limited
participation of citizens.
C. The measures tend to favour the rich who have more money to buy shares in the new business
areas opened up.
4. It is used for future forecast in economic, political and social matters by the government.
5. It reveals the dependency ratio and those who are in school within the state.
3. It increases profitability.
7. It encourages the spirit of hard work and voluntary participation in social and civic duties.
1. Peace frees the individual from anxiety and insecurity thereby creating happiness.