WAEC Economics 2021 Objective — Question 22
Question 22 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
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22. A major source of finance to the Railway Corporation in West African countries is
- A. sale of shares.
- B. government subvention.Correct
- C. trade credit.
- D. bank loans.
Explanation
State-owned railway corporations in West Africa are mainly financed through government subvention (grants/subsidies).
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