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WAEC Commerce 1991 (August) Question 27

Question 27

Government and Business

One of the reasons for nationalization of industries is

  1. A.for efficient management
  2. B.to control corruption and nepotism
  3. C.to increase the number of shareholders
  4. D.to control the performance of strategic industries
  5. E.to drive away foreign investors
Show the answer and explanation

Answer: D (to control the performance of strategic industries)

Explanation

Government takes over strategic industries such as oil and power so that they are run in the national interest.