The 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act. - SS3 Commerce Past Questions and Answers - page 1
1
What was the primary purpose of the Securities and Exchange Commission Decree No. 71 introduced in 1979?
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A
Facilitate the growth of emerging companies
B
Enhance investor protection and market regulation
C
Promote fair market operations and transparency
2
What was the role of the Second-Tier Securities Market (SSM) introduced in 1985?
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A
Regulate the activities of market intermediaries
B
Facilitate trading of securities for smaller companies
C
Enforce rules against market manipulation and fraud
3
Which act was enacted in 1999 to govern the Nigerian capital market?
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A
Securities and Exchange Commission Decree No. 71
B
Investment and Securities Act
C
Second-Tier Securities Market Act
4
What did the Securities and Exchange Commission Decree No. 71 empower the SEC to do?
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A
Monitor market operations and enforcement of regulations
B
Facilitate capital raising for emerging companies
C
Establish separate market segments for different industries
5
What was the main objective of the Investment and Securities Act enacted in 1999?
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A
Promote fair market operations and transparency
B
Facilitate trading of securities for smaller companies
C
Enhance investor protection and market regulation
6
How did the Securities and Exchange Commission Decree No. 71 impact the Nigerian capital market?
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7
What was the purpose of the Second-Tier Securities Market (SSM) introduced in 1985?
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