Public enterprises and their problems - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2015

The ownership of a public limited liability company is made up of

A. Two to twenty persons
B. Minimum of two and maximum of fifty
C. Minimum of seven and no maximum number
D. Owner owned by the government

Question 7:

• JAMB 1982

The National Electric Power Authority (NEPA) is a?

A. Public limited company
B. Public liability company
C. Private authority
D. Public corporation
E. Federal government authority

Question 8:

• JAMB 1982

Public enterprises are supported on the grounds that they are undertaken for

A. Increasing profit of the private sector
B. Reducing the burden of the private sector
C. Improving the welfare of the people
D. Earning profit for the people
E. Earning profit for the government

Question 9:

• JAMB 1983

Which of the following enterprises does NOT pursue the sole objective of profit maximization?

A. Roads of Nigeria Ltd
B. Union Bank of Nigeria Ltd
C. Nigeria Electric Power Authority
D. Volkswagen (VW) Nigeria Ltd
E. Kingsway Nigeria Ltd

Question 10:

• JAMB 1983

NEPA as a public corporation is?

A. A power generating industry in Nigeria
B. Organized in a perfect competitive market
C. A duopoly
D. A monopolistically competitive industry
E. A monopoly