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