Concept:A public corporation is a government-owned enterprise, so its funding comes from the government, not from private individuals.
Explanation:A public corporation is established by an act of parliament or decree, so option B is correct.
It is managed by a board of directors appointed by the government, so option A is correct.
Setting it up requires huge capital because it provides large-scale public services, so option C is correct.
However, it is financed mainly by the government through taxes and public funds, not by private individuals.
Thus, option D is the false statement about public corporations.
Answer:D. It is financed mainly by private individuals