- 1 Marks
BL – Nov 2014 – L1 – SA – Q13 – Law Relating to Banking
Identifying the main purpose of the Nigeria Deposit Insurance Corporation Act
Question
The Nigeria Deposit Insurance Corporation Act 2003 established the Nigeria Deposit Insurance Corporation which is aimed at protecting:
A. Insurance Industry in Nigeria
B. Life Insurance Industry in Nigeria
C. Depositors’ money in banks
D. Government bond
E. Commercial Banks’ deposit with the Central Bank of Nigeria
Find Related Questions by Tags, levels, etc.
- Tags: Deposit Insurance, Financial Security, NDIC
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2014
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