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WAEC Government 2013 Question 40

Question 40

Public Corporations

Which of the following is true of a Public Corporation? It is

  1. A.established by a bye-law.
  2. B.owned by the minister of finance.
  3. C.set up to make profit for shareholders.
  4. D.set up to provide essential services.
Show the answer and explanation

Answer: D (set up to provide essential services.)

Explanation

Public corporations provide essential services (power, water, transport) at affordable cost, not mainly for profit.