| Question | Options | Answer |
|---|---|---|
| SCS JSS ONE Financial risk refers to the possibility of ___ |
A) making financial loss B) making profit always C) receiving free money D) avoiding all expenses |
optionA |
| One cause of financial risk is ___ |
A) poor financial planning B) saving regularly C) preparing a budget D) investing wisely |
optionA |
| A person can reduce financial risk by ___ |
A) budgeting properly B) spending carelessly C) borrowing unnecessarily D) gambling frequently |
optionA |
| One example of financial risk is ___ |
A) business failure B) academic success C) good health D) safe investment |
optionA |
| Insurance helps people to ___ |
A) reduce financial loss B) increase financial risk C) encourage wasteful spending D) prevent all accidents |
optionA |
| Saving money regularly helps to ___ |
A) prepare for emergencies B) increase debts C) encourage fraud D) promote wastefulness |
optionA |
| One benefit of financial planning is ___ |
A) better money management B) increased poverty C) unnecessary borrowing D) financial confusion |
optionA |
| Financial fraud can lead to ___ |
A) loss of money B) increased savings C) higher income D) more investments |
optionA |
| A budget is a plan for ___ |
A) managing income and expenditure B) increasing debts C) avoiding work D) gambling money |
optionA |
| An emergency fund is meant for ___ |
A) unexpected expenses B) buying luxury items C) daily entertainment D) unnecessary spending |
optionA |
| One way to avoid financial risk is by ___ |
A) investing wisely B) spending all your income C) borrowing without repayment plans D) gambling frequently |
optionA |
| A person who spends more than he earns may face ___ |
A) financial problems B) financial success C) unlimited wealth D) economic growth |
optionA |
| Financial discipline means ___ |
A) managing money responsibly B) wasting money carelessly C) borrowing unnecessarily D) avoiding savings |
optionA |
| One importance of saving is ___ |
A) future security B) increased debt C) financial loss D) unplanned spending |
optionA |
| Financial literacy helps people to ___ |
A) make good financial decisions B) waste money C) ignore budgeting D) increase debts |
optionA |
| Immigration means ___ |
A) moving into another country to live B) moving out of a country C) travelling within a town D) visiting another country temporarily |
optionA |
| Emigration means ___ |
A) leaving one’s country to live in another country B) returning home permanently C) travelling within Nigeria D) going to school abroad temporarily |
optionA |
| A person who enters another country to settle is called an ___ |
A) immigrant B) emigrant C) visitor D) tourist |
optionA |
| A person who leaves his or her country to settle elsewhere is called an ___ |
A) emigrant B) immigrant C) trader D) student |
optionA |
| One reason for immigration is ___ |
A) better employment opportunities B) avoiding education C) refusing work D) escaping good governance |
optionA |
| One cause of emigration is ___ |
A) insecurity B) high employment C) good healthcare D) peaceful environment |
optionA |
| Brain drain occurs when ___ |
A) skilled workers leave their country B) people return home C) farmers harvest crops D) students attend school |
optionA |
| One effect of immigration is ___ |
A) population increase B) population decline C) trade reduction D) total isolation |
optionA |
| One effect of emigration is ___ |
A) loss of skilled manpower B) increase in local workforce C) population increase only D) end of migration |
optionA |
| Legal migration requires ___ |
A) valid travel documents B) fake passports C) illegal border crossing D) bribery |
optionA |
| One benefit of immigration is ___ |
A) cultural diversity B) total isolation C) end of trade D) reduced workforce |
optionA |
| Illegal migration can result in ___ |
A) deportation B) automatic citizenship C) free employment D) free education |
optionA |
| A passport is a document used for ___ |
A) international travel B) local elections C) bank transactions D) school admission |
optionA |
| A visa is a permit that allows a person to ___ |
A) enter another country B) buy a house C) open a business D) vote in elections |
optionA |
| Migration can contribute to ___ |
A) economic development B) trade isolation C) communication breakdown D) cultural rejection |
optionA |
| Human trafficking is the ___ |
A) illegal buying and selling of people B) legal employment of workers C) international tourism D) exportation of goods |
optionA |
| Human trafficking violates ___ |
A) human rights B) trade laws only C) school rules D) sport regulations |
optionA |
| Victims of human trafficking are often exploited for ___ |
A) forced labour and prostitution B) education only C) tourism only D) sports only |
optionA |
| One cause of human trafficking is ___ |
A) poverty B) good employment C) high standard of living D) free education |
optionA |
| Another cause of human trafficking is ___ |
A) unemployment B) good governance C) financial stability D) peaceful living |
optionA |
| One effect of human trafficking is ___ |
A) violation of human dignity B) improved education C) better healthcare D) economic growth only |
optionA |
| Human trafficking can be prevented through ___ |
A) public awareness B) secrecy C) child labour D) illegal migration |
optionA |
| The Nigerian agency responsible for combating human trafficking is ___ |
A) NAPTIP B) NAFDAC C) JAMB D) NECC |
optionA |
| Parents can help prevent human trafficking by ___ |
A) monitoring their children B) sending children to strangers C) ignoring suspicious activities D) encouraging child labour |
optionA |
| Human trafficking negatively affects the ___ |
A) victims and society B) environment only C) transport sector only D) economy only |
optionA |
| SCS JSS TWO Economic value refers to the ___ of goods and services. |
A) weight B) worth C) colour D) size |
optionB |
| One factor that determines the economic value of a product is ___ |
A) demand B) language C) religion D) weather only |
optionA |
| Goods that satisfy human wants have ___ |
A) no usefulness B) economic value C) no demand D) no importance |
optionB |
| One way to increase the economic value of goods is by ___ |
A) destroying products B) reducing quality C) processing raw materials D) wasting resources |
optionC |
| Scarcity increases the ___ of a product. |
A) weight B) size C) colour D) value |
optionD |
| A product with high demand usually has ___ |
A) high economic value B) low quality only C) no usefulness D) no value |
optionA |
| Taxation is the ___ collection of money by the government. |
A) optional B) private C) compulsory D) voluntary |
optionC |
| Tax is mainly used by the government to ___ |
A) reward criminals B) provide public services C) buy luxury goods D) organize festivals only |
optionB |
| One example of tax is ___ |
A) bank loan B) school uniform C) personal income tax D) market price |
optionC |
| Citizens should pay tax because it is a ___ |
A) private gift B) personal favour C) family duty only D) civic responsibility |
optionD |
| One benefit of taxation is the provision of ___ |
A) private businesses B) good roads C) personal houses D) family income |
optionB |
| Tax revenue helps the government to provide ___ |
A) household goods B) personal vehicles C) healthcare services D) private entertainment |
optionC |
| Sanitation means keeping the environment ___ |
A) noisy B) dirty and polluted C) clean and healthy D) overcrowded |
optionC |
| Good sanitation helps to prevent ___ |
A) transportation B) diseases C) communication D) education |
optionB |
| One way to maintain sanitation is by ___ |
A) blocking drainage B) littering the environment C) proper waste disposal D) burning plastic indoors |
optionC |
| Dirty surroundings can lead to ___ |
A) good health B) population growth C) higher income D) disease outbreaks |
optionD |
| One importance of sanitation is ___ |
A) protection of public health B) environmental degradation C) spread of diseases D) increase in pollution |
optionA |
| Refuse should be disposed of in ___ |
A) rivers B) designated waste bins C) roadsides D) drainages |
optionB |
| Corruption is the ___ of entrusted power for personal gain. |
A) management B) development C) protection D) abuse |
optionD |
| One example of corruption is ___ |
A) accountability B) bribery C) honesty D) transparency |
optionB |
| Corruption can lead to ___ |
A) increased transparency B) economic growth only C) slow national development D) better governance |
optionC |
| One cause of corruption is ___ |
A) discipline B) accountability C) honesty D) greed |
optionD |
| Corruption reduces ___ in government. |
A) public trust B) population C) trade only D) education |
optionA |
| One way to fight corruption is through ___ |
A) fraud B) secrecy C) transparency D) bribery |
optionC |
| Accountability means being ___ for one’s actions. |
A) selfish B) responsible C) corrupt D) careless |
optionB |
| Public officials should be accountable to the ___ |
A) foreign countries B) themselves only C) people D) private companies |
optionC |
| Accountability promotes ___ in governance. |
A) corruption B) good governance C) fraud D) nepotism |
optionB |
| One quality of an accountable leader is ___ |
A) greed B) selfishness C) deceit D) honesty |
optionD |
| Transparency and accountability help to reduce ___ |
A) agriculture B) employment C) corruption D) education |
optionC |
| Responsible citizens contribute to national development through ___ |
A) corruption and fraud B) tax evasion C) environmental pollution D) honesty and accountability |
optionD |
| One factor that affects the economic value of a product is ___ |
A) colour B) demand and supply C) language D) religion |
optionB |
| A product becomes more valuable when it is ___ |
A) useful and scarce B) damaged C) outdated D) unwanted |
optionA |
| Consumers buy goods because they have ___ |
A) size B) weight C) utility D) shape |
optionC |
| The government uses tax revenue mainly to ___ |
A) organize parties B) provide public services C) reward politicians only D) buy luxury goods |
optionB |
| Failure to pay tax when due is called ___ |
A) tax compliance B) tax payment C) tax collection D) tax evasion |
optionD |
| One agency responsible for collecting taxes in Nigeria is the ___ |
A) Federal Inland Revenue Service B) NECC C) NAFDAC D) JAMB |
optionA |
| Taxation helps the government to finance ___ |
A) private businesses B) public projects C) personal expenses D) family needs |
optionB |
| Which of the following is an example of indirect tax? |
A) Company income tax B) Personal income tax C) Value Added Tax (VAT) D) Property tax |
optionC |
| Keeping gutters free from refuse helps to prevent ___ |
A) flooding B) traffic congestion C) unemployment D) inflation |
optionA |
| One consequence of poor sanitation is ___ |
A) increased tourism B) disease outbreaks C) higher income D) improved health |
optionB |