Public Corporations and Parastatals
Government · 50 practice questions
Definition, types, purpose and functions; finance, control and problems; deregulation, privatization and commercialization (objectives, features, merits, demerits); comparison between public corporations and parastatals.
- Examine the operations of public corporations and parastatals.
- Identify the processes involved in privatization and commercialization.
- Assess their economic importance.
Try a few questions
- Practice question 1
The privatization and unbundling of Nigeria's electricity sector, formerly run by NEPA, was intended mainly to improve
- A.The size of the civil service
- B.National population census accuracy
- C.Efficiency, investment and reliability of electricity supply through increased private sector participation
- D.Government control over electricity pricing exclusively
Show the answer
C. Efficiency, investment and reliability of electricity supply through increased private sector participation
This reform was intended to improve efficiency, investment and supply reliability through private participation.
- Practice question 2
One argument against allowing a public corporation to operate as an unregulated monopoly is that it may lead to
- A.Lower prices for consumers always
- B.Increased innovation always
- C.Improved efficiency automatically
- D.Poor service quality and lack of competitive pressure to improve
Show the answer
D. Poor service quality and lack of competitive pressure to improve
An unregulated monopoly may lead to poor service quality due to lack of competitive pressure.
- Practice question 3
The Nigerian Ports Authority (NPA) is responsible for functions such as
- A.Regulating and managing Nigeria's seaports, including safety and, in part, concessioning terminal operations
- B.Conducting national elections
- C.Issuing the national currency
- D.Administering the civil service pension scheme
Show the answer
A. Regulating and managing Nigeria's seaports, including safety and, in part, concessioning terminal operations
The NPA regulates and manages Nigeria's seaports, including safety and terminal concessioning.
More UTME Government topics
- Basic Concepts in Government
- Foreign Policy
- Pre-colonial Polities
- Regional and Global Organizations
- Forms of Government
- Imperialist Penetration
- Nigeria's Foreign Policy
- Arms of Government
- Nigeria's Relations with African Countries
- Process of Decolonization
- Constitutional Development in Nigeria
- Nigeria in International Organizations
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