GOVERNMENT
JAMB 2007 - Question 32
Government 2007 JAMB Past Questions - Question 32: Public corporations are established mainly to
Choose the correct answers from the options given.
A:
B:
C:
D:
Correct Answer
D
Explanation
PublicCorporations are established mainly to provide services at a subsidized rates. Looking into the definition of Public Corporations, it should be realised that they are business organisations which are set up by an Act of Parliament or Decree to provide certain social welfare services for the public which if provided by private entrepreneurs will be very costly. One of the major reasons for setting up Public corporations is to provide essential goods and services at cheaper rates for the people. Another is to protect the consumers from shylocktraders and manufacturers, provision of employment opportunities: etc.
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