Understanding the concept of Bank Liquidation

Understanding the concept of Bank Liquidation

University

5 Qs

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Understanding the concept of Bank Liquidation

Understanding the concept of Bank Liquidation

Assessment

Quiz

Other

University

Medium

Created by

Muhammad Kollere

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are types of banks in Nigeria except?

Commercial banks

Mercantile banks

Development banks

Primary mortgage banks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which year was implicit deposit insurance established in Nigeria?

1987

1988

1989

None of the options

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Asset Management Department (AMD) has the responsibility to fulfill the role of the NDIC as a Liquidator

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are some of the factors to consider in forming a closing team except

Asset and Deposit size of the institution

The number of the bank’s branches and location

The age distribution of the bank’s staff

The type of resolution option being adopted

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following activities is not necessary in a bank closing?

Preparing of statement of affairs of the closed bank

Ascertaining the physical assets of the bank

Preparing the schedule of actual deposit liability

Accepting cash lodgements from depositors