ECO346
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1. Nigerian Industrial Development Bank came into existence in what year?
1970
1959
1964
1962
2. The provision of financial services to the poor and the low income segment of society
Microsaving
Microfinance
Macrofinance
Macrosaving
3. Some of operational strategies of the Central Bank of Nigeria does not include _____
Bank clearance
Deposit acceptance
Foreign exchange monitor
Bank examination
4. insurance in Nigeria is divided into two main classes: general insurance and __________
property insurance
building insurance
life assurance
corporate insurance
5. _______ companies facilitate risk transfer
Development
Insurance
Pension
Financial
6. The loans and overdraft granted by banks to deserving customers on request is ________
bank credit
cash reserve ration
interest rate
exchange rate
7. The roles of financial intermediation does not include
provide liquidity
pool resources
provide security
provide money policy
8. One of the main objectives of the Microfinance Policy is _______
print currency
sell foreign exchange
mobilise rural savings
regulate financial system
9. A rotating savings and credit association (RoSCA) is called ______
Esusu
borrowing
cooperative
thrift
10. The resources of IFC includes the following except __________
authorized capital
borrowed funds
demand deposits
retained earnings
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