Public Corporations and Parastatals - Jamb Government Past Questions and Answers

Question 16:

• JAMB 1994

One of the based differences between ministries and public corporations is that while ministries are not

A. Run on rules, public corporations are not
B. Wholly owned by the government, public corporations are owned by both government and individual
C. Not established with specific statutes public corporations are
D. Not important in developmental process, public corporations are

Question 17:

• JAMB 1994

Privatization and commercialization of public enterprises in Nigeria will lead to further entrenchment of

A. Socialism
B. Capitalism
C. Welfarism
D. Fascism

Question 18:

• JAMB 1995

Privatization of public corporations in Nigeria implies

A. Government diverstment from the companies
B. The public take - over of companies
C. The autonomy of government companies
D. The commercialization of public corporations

Question 19:

• JAMB 1995

Example of public corporations in Nigeria are

A. UAC and CEFAO
B. NEPA and UAC
C. CFAO and NCC
D. NEPA and NRC

Question 20:

• JAMB 1997

In 1978,the Obasanjo Administration nationalized the assets of the British Petroleum and Barclays Bank in Nigeria in reaction to the British

A. Monopoly of Nigeria;s oil market
B. Occupation of the Falkland Islands
C. Continued trade links with South Africa
D. Reluctance to write off Nigeria's debts