BFN737
Question: The type of risk that cannot be predicted or abridge in any approach. Is known as
Answer: Systematic risk
Question: It is the responsibility of to review the Funds guides from time to time to reflect changing realities
Answer: The CBN
Question:. As a result of pledging of securities for the CBN intervention fund, which of the following prudential treatments are to be accorded throughout the tenor of the loan.
Answer: All of the above
Question: is the amount which is actually paid for the acquisition of an asset.
Answer: Historical cost
Question: If a bank fails to meet its obligations under the CBN intervention fund, the BOI is required to give days notice of its intention to liquidate the securities.
Answer: 30
Question: A is a financial intermediary who collects the debts of its clients in return for a service charge in the form of a discount on or rebate
Answer: Factor
Question: The measure of the speed with which a business pay the money for purchases from suppliers is known as
Answer: Account payable turnover
Question: The agreement signed between the Bank of Industry (BOI) and each bank Under the N200 billion intervention fund for restructuring/ refinancing of banks loan to Nigeria SMEs, is known as
Answer: On-lending agreement
Question: Upon receipt of funds from the CBN, BOI shall require each bank, to pledge securities with face value of not less than 100% of its specified refinanced amount to BOI through the Discount office of the CBN. Eligible securities include the following except
Answer: Shares quote on the Nigerian Stock Exchange
Question: The category of Preference shares which allow for dividend payment deferment to subsequent periods if a firm is unable to make adequate profit to pay such dividend is known as
Answer: Cumulative preference shares
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