Public corporations are funded by the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
Public corporations are funded mainly by the government, which owns them and provides them with subventions, grants and guarantees. Some of them also earn revenue from the services they render, but because they are usually set up to provide essential services rather than to maximise profit, that revenue is often not enough to cover their costs, and the government has to step in. Civil society, individual citizens and political appointees do not fund public corporations, which is why the government is the correct answer.
Public corporations are funded mainly by the government, which owns them and provides them with subventions, grants and guarantees. Some of them also earn revenue from the services they render, but because they are usually set up to provide essential services rather than to maximise profit, that revenue is often not enough to cover their costs, and the government has to step in. Civil society, individual citizens and political appointees do not fund public corporations, which is why the government is the correct answer.