Financial sector regulations - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2002

The primary objective of the NDIC is to?

A. Give protection to the CBN against fraud
B. Provide regulations guiding the finance houses
C. Give protection against fraud
D. Give protection to bank depositors

Question 7:

• JAMB 2006

The major role of NDIC is to

A. Insure bank deposits
B. Regulate the activities of insurance companies
C. Ensure adequate capitalization of insurance companies
D. Accept customers' deposit

Question 8:

• JAMB 2009

The reform in the banking sector in Nigeria is principally motivated by the need to

A. Increase the capital base of banks
B. Provide more money to run the economy
C. Minimize the rate of bank failures
D. Enhance efficiency in bank operations

Question 9:

• JAMB 2011

Bank consolidation policy in Nigeria is a measure to increase

A. The capital base of banks
B. Employment opportunities in banks
C. The number of shareholders
D. The number of branches