passwella.
Menu

WAEC Economics 1991 (August) Question 36

Question 36

Business Organisations

Which of the following is a public corporation?

  1. A.Roads (Nigeria) Plc
  2. B.National Oil and Chemical Marketing Co. Plc
  3. C.Union Bank of Nigeria Plc
  4. D.Volkswagen of Nigeria Plc.
  5. E.National Electric Power Authority.
Show the answer and explanation

Answer: E (National Electric Power Authority.)

Explanation

NEPA was set up by law and fully owned by government, so it was a public corporation; the others are companies (Plc).