Correct Answer: A. Assembly language

Explanation

Assembly language is a low-level programming language that is specific to a particular computer architecture. It is more difficult to learn and use than high-level programming languages, but it offers more control over the hardware.

Correct Answer: C. farce

Correct Answer: A. separation of power is not strictly observed

Explanation

It is the basic principle of this system that two organs, legislature and executive share their powers. Separation of powers is not strictly observed unlike the presidential system of government

Correct Answer: C. 2

Correct Answer: D. AG, NCNC, NPC

Explanation

The three (3) main political parties that participated in the 1959 election were AG, NCNC and NPC, there was no clear winner, making NCNC form coalition government with NPC leaving AG as watchdog.

Correct Answer: A. within 6 months

Explanation

(a) Features of capitalist economic system;

(i) Private ownership of the means of production and properties.

(ii) Decisions on what to produce, how to produce etc. are taken by private individuals.

(iii) Allocation of productive resources is done by the price mechanism.

(iv) Distribution of consumer goods is done on the basis of the price mechanism.

(v) The profit motive is the driving force behind production.

(vi) Prices of goods and services are determined by market forces.

(vii) Consumer sovereignty exists in the capitalist system.

(viii) There is limited government intervention.

(ix) There is competition among individuals and firms in an effort to acquire wealth.

Features of socialist economic system

(i) The means of production is owned by the state.

(ii) Decisions on what to produce, how to produce etc. are taken by a planning body on behalf of the government.

(iii) The aim of production is not for profit but to maximize public welfare.

(iv) Prices are fixed by a planning body.

(v) Allocation of productive resources is done by the state.

(vi) Distribution of goods is based on need and rationing.

(vii) Consumer choices are limited in socialist system.

(viii) Dominant government influence and control.

(ix) There is no competition since government controls resources.

(b) weaknesses of capitalist economic system

(i) The price system may lead to a misallocation of resources where goods demanded by the rich are mainly produced.

(ii) The income gap between the rich and the poor widens.

(iii) The system does not promote the production of public goods. e.g. public utilities

(iv) The system may result in wastage and inefficient use of resources due to unhealthy competition.

(v) The system can lead to the exploitation of consumers as in monopoly and oligopoly.

(vi) The profit motive may result in private benefits at the expense of public welfare.

(vii) The system can cause unemployment due to the profit motive.

(viii) The system is more prone to economic instability since decisions are made by private individuals.

Explanation

(a)(i) R, per capita income = \(\frac{2500} {120}\) = $20.83

S, per capita income = \(\frac{12,000} {80}\) = $66.66

T, per capita income = \(\frac{4,000} {60}\) = $65.66

U, per capita income = \(\frac{6,500} {100}\) = $65.00

V, per capita income = \(\frac{2,500} {25}\) = $100.00

(ii) Range $100 - $20.83 = $79.17

(iii) Country V.

(b)(i) R,120 x100 = 24.74%

485 1

S, 180 x100 = 37.11%

485 1

T, 60 x100 = 12.37%

485 1

U, 100 x100 = 20.62%

485 1

V, 25 x100 = 5.15%

485 1

Correct Answer: B. Man would occupy the apex of the web

Explanation

(a) Functions of the Stock Exchange are:

(i) The stock exchange helps companies to raise capital needed for their business operations.

(ii) The government can also raise capital through members of the public when it issues government bonds. These bonds are sold in the market.

(iii) The stock exchange provides professional advice on the selection and management of investments.

(iv) It makes it possible for investment to be converted into cash.

(v) An investor is able to transfer his shares to another person through the stock exchange.

(vi) Prices quoted on the stock Exchange Market serves as a yard stick with which to measure the good will of a company.

(vii) Prices of shares and securities are determined by the stock exchange based on the forces of demand and supply.

(viii) It is a market for buying and selling of securities.

(ix) The market assists a private company to go public without issuing new shares.

(x) It renders agency services by buying and selling securities on behalf of investors, firms, governments etc.

(b) Types of Securities traded in the stock exchange are:

(i) Stock (ii) Shares (iii) Debentures (iv) Government stock i.e Gilt-edged securities. (v) Bonds.