ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
BFN104
1 / 50
A. __________ is when money is used every second, minute and hour to effect payments all over the world.
2 / 50
B. __________are those money market instruments that can be easily converted into cash without loss in value.
3 / 50
C. The department of research and consultancy is made up of the following units except___________
4 / 50
D. Bankers Committee comprise of the __________of all licensed banks in Nigeria
5 / 50
E. _________ is money that is acceptable to the masses on the strength of government imprints on it.
6 / 50
F. The fact that there's something that could be acceptable as a medium of exchange for goods and/or services created room for___________
7 / 50
G. ______is the effective deployment of ICT by Banks
8 / 50
H. Bankers Committee comprise of the__________of all licensed banks in Nigeria and is supervised by the Central Bank of Nigeria (CBN).
9 / 50
I. Micro finance banks source for funds from interest income, deposits&savings and ________
10 / 50
J. _________ endorsement is one which prohibits further negotiation of the bill
11 / 50
K. Bankers Committee is supervised by the ________
12 / 50
L. Monetary policy circular is a booklet published annually by __________
13 / 50
M. _________ is the effective deployment of ICT by Banks
14 / 50
N. The profits of a bank are the portion of its total receipts which include the following except_______
15 / 50
O. _________is the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof
16 / 50
P. Banking in Nigeria started in ________ with the establishment of a branch of African Banking Corporation in Lagos
17 / 50
Q. Manpower development is usually done through all of the following except_________
18 / 50
R. The directorate of finance and administration is responsible for the management of all of the following except_________
19 / 50
S. ___________is simply an irredeemable and inconvertible money that derives its power to circulate from the government backing.
20 / 50
T. ________ is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed determinable future time, a sum certain in money to or to the order of a specified person or bearer.
21 / 50
U. The establishment of the___________provided the base for a monetary type of economy in Nigeria
22 / 50
V. Money is said to be _________if it could be acceptable in any part of the world.
23 / 50
W. __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
24 / 50
X. Industrial and Continental Bank (ICB) was established in __________
25 / 50
Y. The era of ________ was marked by the simple ownership, possession and control of the natural resources
26 / 50
Z. _________ are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives.
27 / 50
AA. A __________ is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
28 / 50
AB. _________refers to definitions of a bank and banking business according to abrogated 1969 Banking decree
29 / 50
AC. _________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning
30 / 50
AD. The Era of _________ is an era that actually came to resolve of the problems posed by the barter system.
31 / 50
AE. The Bankers Committee came into being in _______
32 / 50
AF. The era of ___________ was marked by the exchange of goods and services for goods and services within and among the expanding families.
33 / 50
AG. The National Secretariat is run on a directorate system under the direct administration of the _______
34 / 50
AH. The Bankers Committee came into being in ________
35 / 50
AI. The types of money are pure money, token money and __________
36 / 50
AJ. The parties to a cheque are all of the following except________
37 / 50
AK. The Chartered Institute of Bankers was registered in 1976 as _________
38 / 50
AL. __________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning
39 / 50
AM. The enforcement of the rules and regulation in Nigerian Banking system fall on the ________
40 / 50
AN. A cheque is ________ where a cheque is specially crossed to a named banker with the addition of the word ‘only.
41 / 50
AO. The areas of CBN regulations includes the following except__________
42 / 50
AP. The Directorate of Education and Consultancy is made up of all of the following except_________
43 / 50
AQ. ________implies that a fifty naira note used in Lagos state should be identical to the one used in Benue state of Nigeria.
44 / 50
AR. _________implies that the money should be capable of being recognized at any time, place by both the adults and children.
45 / 50
_________ is a type of cheque crossing which has no statutory significant and non-binding on the paying banker and do not affect the transferability or negotiability of the cheque.
46 / 50
AT. The concept of e-money in Nigeria was introduced in _________
47 / 50
AU. Capacity building has become a major concern of the ___________ industry
48 / 50
AV. A __________is a bank in which the order to pay is directed. It is the paying bank in which order to pay is directed, that is the bank that holds the customer’s money.
49 / 50
AW. The enforcement of the rules and regulation in Nigerian Banking system fall on the ________
50 / 50
AX. Chartered Institute of Bankers came into existence in year _________
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