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JAMB Commerce 1995 Question 43

Question 43

Government and Business

When an industry or company is nationalized, the state becomes

  1. A.the majority shareholder
  2. B.the minority shareholder
  3. C.the only shareholder
  4. D.an equal shareholder with other individuals.
Show the answer and explanation

Answer: C (the only shareholder)

Explanation

Nationalisation transfers full ownership to the state, so it becomes the sole owner.