A voltmeter is a galvanometer having a high resistance connected in series with it. The current through the galvanometer
is Ig=300Ω5V=601A
An ammeter is a galvanometer having a low resistance connected in parallel with it. The shunt resistance S is determined from I−IgIg=GS
where G=300Ω (Given)
For I=5A, we get, 5−(1/60)1/60=300S ⇒S=1Ω