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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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