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Which of the following statements about public corporation is not true?

Which of the following statements about public corporation is not true?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A It is managed by a board of directors
  • B It is established by an act of parliament
  • C A huge capital is needed for its establishment
  • D It is financed mainly by private individuals
Correct Answer: Option D
Explanation:
Government Owned and financed.
Government Controlled and Managed.
Separate Legal Entity.
Perpetual Succession.
Autonomy.
Service Motive.
Public Accountability.
Business Motive.

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