The correct answer is false.
It is false that the republic was also known as a socialist government.
The Roman Republic was not a socialist government.
The Roman Republic started in 509 BC. It was a system of government that included three branches that included a system of checks and balances to maintain the balance of power in Rome. The first branch was the Consuls; two, that served one year term. A Senate or council of elders. And the third branch was the Assembly.