Post Utme Ui 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Ui Commerce examination.

Post Utme Ui 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UI • 2018 • COMMERCE • objective

A bank is required to maintain a minimum capital adequacy ratio of 10% under the Banking and Other Financial Institutions Act (BOFIA) of 1991. What is the purpose of this requirement?

Answer Options

A. To ensure the bank's liquidity
B. To ensure the bank's solvency
Correct Answer C. To ensure the bank's capital adequacy
D. To ensure the bank's profitability
Correct Answer
C
Correct Option:
To ensure the bank's capital adequacy

About This Question

This is Post Utme Ui 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Ui Commerce examination.

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