Consolidation of Financial Institutions, EFCC, ICPC, NAFDAC & SON - SS3 Economics Past Questions and Answers - page 1
What is the purpose of consolidating financial institutions?
To increase the risk of bank failures
To reduce the efficiency of the banking system
To improve the stability of financial institutions
Which agency is responsible for investigating and prosecuting corruption in Nigeria?
NAFDAC
SON
ICPC
What is the primary responsibility of NAFDAC?
Ensuring the safety and quality of food, drugs, and other products
Setting and enforcing standards for products and services
Investigating and prosecuting economic and financial crimes
What is the primary responsibility of SON?
Investigating and prosecuting corruption
Ensuring the safety and quality of food, drugs, and other products
Setting and enforcing standards for products and services
What is the primary responsibility of EFCC?
Ensuring the safety and quality of food, drugs, and other products
Investigating and prosecuting economic and financial crimes
Setting and enforcing standards for products and services
Which agency is responsible for enforcing regulations to protect consumers from harmful products in Nigeria?
EFCC
ICPC
NAFDAC
What is the purpose of consolidating financial institutions?
The purpose of consolidating financial institutions is to improve the stability of financial institutions
What is the primary responsibility of NAFDAC?
The primary responsibility of NAFDAC is ensuring the safety and quality of food, drugs, and other products.
Which agency is responsible for investigating and prosecuting corruption in Nigeria?
Independent Corrupt Practices and Other Related Offences Commission (ICPC).