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WAEC Government 1996 Question 29

Question 29

Public Corporations

Which of the following is true of a public corporation? It is

  1. A.set up to make profit for the government
  2. B.to provide essential services for the people at a low cost
  3. C.owned by the governor of a state
  4. D.established by a bye-law
  5. E.owned by the minister of commerce.
Show the answer and explanation

Answer: B (to provide essential services for the people at a low cost)

Explanation

Public corporations are set up by statute mainly to provide essential services at affordable prices. They belong to the state, not to individual officials.