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

Government
WAEC 2013

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

  • A. established by a bye-law
  • B. owned by the minister of finance
  • C. set up to make profit for share holders
  • D. set up to provide essential services
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Correct Answer: Option D
Explanation

"Public corporation" means an entity that is created by the state to carry out public missions and services by providing essential services that is not profit oriented.

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