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Category: BFN104

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BFN104

1 / 50

_________is the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof

2 / 50

The establishment of the___________provided the base for a monetary type of economy in Nigeria

3 / 50

______is the effective deployment of ICT by Banks

4 / 50

_________endorsement is one which prohibits further negotiation of the bill

5 / 50

The Bankers Committee came into being in _______

6 / 50

_________ are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives.

7 / 50

_________refers to definitions of a bank and banking business according to abrogated 1969 Banking decree

8 / 50

_________implies that the money should be capable of being recognized at any time, place by both the adults and children.

9 / 50

The concept of e-money in Nigeria was introduced in _________

10 / 50

_________ is money that is acceptable to the masses on the strength of government imprints on it.

11 / 50

The era of ___________ was marked by the exchange of goods and services for goods and services within and among the expanding families.

12 / 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.

13 / 50

A cheque is ________ where a cheque is specially crossed to a named banker with the addition of the word ‘only.

14 / 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.

15 / 50

The Era of _________ is an era that actually came to resolve of the problems posed by the barter system.

16 / 50

Industrial and Continental Bank (ICB) was established in __________

17 / 50

Manpower development is usually done through all of the following except_________

18 / 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.

19 / 50

The fact that there's something that could be acceptable as a medium of exchange for goods and/or services created room for___________

20 / 50

The Directorate of Education and Consultancy is made up of all of the following except_________

21 / 50

_________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning

22 / 50

The Bankers Committee came into being in ________

23 / 50

Capacity building has become a major concern of the ___________ industry

24 / 50

__________are those money market instruments that can be easily converted into cash without loss in value.

25 / 50

_________ is the effective deployment of ICT by Banks

26 / 50

The department of research and consultancy is made up of the following units except___________

27 / 50

The parties to a cheque are all of the following except________

28 / 50

The directorate of finance and administration is responsible for the management of all of the following except_________

29 / 50

Monetary policy circular is a booklet published annually by __________

30 / 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.

31 / 50

Money is said to be _________if it could be acceptable in any part of the world.

32 / 50

___________is simply an irredeemable and inconvertible money that derives its power to circulate from the government backing.

33 / 50

The enforcement of the rules and regulation in Nigerian Banking system fall on the ________

34 / 50

_________ endorsement is one which prohibits further negotiation of the bill

35 / 50

__________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.

36 / 50

Bankers Committee comprise of the__________of all licensed banks in Nigeria and is supervised by the Central Bank of Nigeria (CBN).

37 / 50

__________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning

38 / 50

________implies that a fifty naira note used in Lagos state should be identical to the one used in Benue state of Nigeria.

39 / 50

The profits of a bank are the portion of its total receipts which include the following except_______

40 / 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.

41 / 50

Banking in Nigeria started in ________ with the establishment of a branch of African Banking Corporation in Lagos

42 / 50

The types of money are pure money, token money  and __________

43 / 50

__________ is when money is used every second, minute and hour to effect payments all over the world.

44 / 50

The era of ________ was marked by the simple ownership, possession and control of the natural resources

45 / 50

The enforcement of the rules and regulation in Nigerian Banking system fall on the ________

46 / 50

The Chartered Institute of Bankers was registered in 1976 as _________

47 / 50

The National Secretariat is run on a directorate system under the direct administration of the _______

48 / 50

Micro finance banks source for funds from interest income, deposits&savings and ________

49 / 50

Bankers Committee comprise of the __________of all licensed banks in Nigeria

50 / 50

Chartered Institute of Bankers came into  existence in year _________

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