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Consolidation of Financial Institutions, EFCC, ICPC, NAFDAC & SON - SS3 Economics Past Questions and Answers - page 1

1
What is the purpose of consolidating financial institutions?
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A
To increase the risk of bank failures
B

To reduce the efficiency of the banking system

 

C
To improve the stability of financial institutions
2
Which agency is responsible for investigating and prosecuting corruption in Nigeria?
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A

NAFDAC

 

B
SON
C
ICPC
3
What is the primary responsibility of NAFDAC?
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A

Ensuring the safety and quality of food, drugs, and other products

 

B
Setting and enforcing standards for products and services
C
Investigating and prosecuting economic and financial crimes
4
What is the primary responsibility of SON?
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A
Investigating and prosecuting corruption
B

Ensuring the safety and quality of food, drugs, and other products

 

C
Setting and enforcing standards for products and services
5
What is the primary responsibility of EFCC?
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A
Ensuring the safety and quality of food, drugs, and other products
B
Investigating and prosecuting economic and financial crimes
C

Setting and enforcing standards for products and services

 

6
Which agency is responsible for enforcing regulations to protect consumers from harmful products in Nigeria?
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A
EFCC
B

ICPC

 

C
NAFDAC
7

What is the purpose of consolidating financial institutions? 

 

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8

What is the primary responsibility of NAFDAC?

 

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9
Which agency is responsible for investigating and prosecuting corruption in Nigeria?
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