Search SchoolNGR

Sunday, 22 March 2026
Register . Login

Public corporation is financed with

Public corporation is financed with
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Capital raised from shareholders
  • B Tax payer's money
  • C Capital raised from stock exchange
  • D Capital contributed by owners
Correct Answer: Option B
Explanation:
Public corporations are run by the government through the tax paid by the people. They are established by an act of parliament or decree and it is controlled by the board of directors, appointed by the government.

Share question on: