Category: BFN104 0 BFN104 1 / 50 The fact that there's something that could be acceptable as a medium of exchange for goods and/or services created room for___________ specialization. organisation transportation none of the above 2 / 50 Capacity building has become a major concern of the ___________ industry Check 3 / 50 Bankers Committee comprise of the __________of all licensed banks in Nigeria Check 4 / 50 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. Check 5 / 50 The Bankers Committee came into being in ________ Check 6 / 50 ________ has the main objective of enhancing the employee’s level of performance as well as make available suitably trained manpower to present and future needs. Check 7 / 50 _________ are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives. Check 8 / 50 The profits of a bank are the portion of its total receipts which include the following except_______ discount Share capital Commission interest dividends 9 / 50 The areas of CBN regulations includes the following except__________ bank size distribution Capital base statutory reserves Bank staff regulation Bank Obligations Debtor/Creditor relationship, 10 / 50 __________ is when money is used every second, minute and hour to effect payments all over the world. Portability Divisibility Durability Homogeneity 11 / 50 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. Check 12 / 50 The Era of _________ is an era that actually came to resolve of the problems posed by the barter system. Check 13 / 50 Monetary policy circular is a booklet published annually by __________ Check 14 / 50 _________is the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof Check 15 / 50 Micro finance banks source for funds from interest income, deposits&savings and ________ Check 16 / 50 The enforcement of the rules and regulation in Nigerian Banking system fall on the ________ Check 17 / 50 Manpower development is usually done through all of the following except_________ in-service or part time training formal (full-time) training in tertiary institutions seminars School reports 18 / 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. Check 19 / 50 _________refers to definitions of a bank and banking business according to abrogated 1969 Banking decree Check 20 / 50 The Bankers Committee came into being in _______ 1971 1980 1982 1979 21 / 50 ______is the effective deployment of ICT by Banks E-Banking Treasury Operations Investment Banking Banking Operations 22 / 50 The era of ___________ was marked by the exchange of goods and services for goods and services within and among the expanding families. Check 23 / 50 Banking in Nigeria started in ________ with the establishment of a branch of African Banking Corporation in Lagos 1867 1854 1879 1892 24 / 50 The establishment of the___________provided the base for a monetary type of economy in Nigeria West African Currency Board (WACB) Nigerian Currency Board Central Bank of Nigeria none of the above 25 / 50 Industrial and Continental Bank (ICB) was established in __________ 1939 1979 1959 1929 26 / 50 Money is said to be _________if it could be acceptable in any part of the world. Homogeneity Convertible Durability Portability 27 / 50 ________ 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. Check 28 / 50 _________ is money that is acceptable to the masses on the strength of government imprints on it. Check 29 / 50 _________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning Bankers Committee Financial Planning Unit Micro Finance Bank Financial Institution Training Centre 30 / 50 Bankers Committee comprise of the__________of all licensed banks in Nigeria and is supervised by the Central Bank of Nigeria (CBN). Chief Executive Executive Director Treasurers Head of Units 31 / 50 The directorate of finance and administration is responsible for the management of all of the following except_________ finance of the Institute general administration personnel matters Technological development 32 / 50 A cheque is ________ where a cheque is specially crossed to a named banker with the addition of the word ‘only. Check 33 / 50 The types of money are pure money, token money and __________ Check 34 / 50 ___________is simply an irredeemable and inconvertible money that derives its power to circulate from the government backing. Check 35 / 50 ________implies that a fifty naira note used in Lagos state should be identical to the one used in Benue state of Nigeria. Homogeneity Durability Divisibility Portability 36 / 50 The era of ________ was marked by the simple ownership, possession and control of the natural resources Check 37 / 50 The concept of e-money in Nigeria was introduced in _________ Check 38 / 50 Bankers Committee is supervised by the ________ Check 39 / 50 The National Secretariat is run on a directorate system under the direct administration of the _______ Check 40 / 50 _________ endorsement is one which prohibits further negotiation of the bill Check 41 / 50 The enforcement of the rules and regulation in Nigerian Banking system fall on the ________ Check 42 / 50 The Directorate of Education and Consultancy is made up of all of the following except_________ Administrative Department Training Department of Research and Con Department of Examination 43 / 50 __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque. Check 44 / 50 The department of research and consultancy is made up of the following units except___________ research unit Consultancy unit training unit library unit 45 / 50 _________endorsement is one which prohibits further negotiation of the bill Blank endorsement Restrictive endorsement Special endorsement Active endorsement 46 / 50 __________are those money market instruments that can be easily converted into cash without loss in value. Full bodied money Paper money Quasi or near money Token money 47 / 50 __________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning Check 48 / 50 The Chartered Institute of Bankers was registered in 1976 as _________ Check 49 / 50 _________ is the effective deployment of ICT by Banks Check 50 / 50 Chartered Institute of Bankers came into existence in year _________ Check Restart quiz Rate this quiz Send feedback
