Post Utme Bsu 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Bsu Commerce examination.

Post Utme Bsu 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_BSU • 2024 • COMMERCE • objective

A bank's balance sheet is as follows: Assets = ₦10,000,000, Liabilities = ₦5,000,000, and Equity = ₦5,000,000. If the bank's capital adequacy ratio is 10%, what is the minimum amount of additional capital required?

Answer Options

A. ₦500,000
Correct Answer B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Bsu 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Bsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support