Question Detail

GST 112 Study Session 11: Labour and Culture in The Pre-Colonial Period Objective Question
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Question

The pre-colonial insurance system known as 'Apo Ijo' or 'Otu' was primarily constituted by whom?
Options
A Wealthy merchants and traders.
B Mutual consent of young people, age grades, and extended family.
Correct Answer
C Village elders and traditional rulers.
D Professional insurance brokers.
Correct Answer

Option B is the correct answer.

Detailed Explanation

The text mentions: "One of these is the 'Apo Ijo' insurance system known as 'Otu' – an important economic organization constituted by mutual consent of young people, age grades and extended family to attend to unforeseen crises."

Hint

Recall the groups involved in communal support systems.

Question Info

Course: GST 112
Topic: Study Session 11: Labour and Culture in The Pre-Colonial Period
Type: Objective
Difficulty: Not specified
Question 577 of 1270
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