Search Header Logo

CBT on Licensing and Governance

Authored by Shettima Bunu

English

Professional Development

Used 3+ times

CBT on Licensing and Governance
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary objective of licensing financial institutions?

Generate revenue for CBN

Control interest rates

Ensure only fit and proper persons own and operate FIs

Promote foreign investments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the validity period for an Approval-in-Principle (AIP)?

3 months

6 months

12 months

Indefinite

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What body validates new products and services under Islamic Finance in Nigeria?

SEC

NDIC

FRACE

FRC

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: A Final Licence from the CBN allows a financial institution to commence operations.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum number of directors allowed on the Board of a Payment Service Bank (PSB)?

7

9

13

15

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who chairs the Board Audit and Risk Committees in a bank?

Executive Director

Any Non-Executive Director

Independent Non-Executive Director

Managing Director

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tenure limit for a Managing Director/CEO of a bank?

10 years

12 years

15 years

Unlimited

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?