NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
SEPTEMBER/OCTOBER 2016 EXAMINATION

COURSE CODE:        BFN304                                                         

CREDIT UNIT: 2

COURSE TITLE:       FINANCIAL SYSTEMS

TIME ALLOWED:    2 HOURS

INSTRUCTIONS:      1. Attempt question number one (1) and any other (2) questions.

                                      2. Question number 1 carries 30 marks, while the other two (2) questions carry 20 marks each.

                                      3. Present all your points in coherent and orderly manner.

1(a) What are the modalities of financing Islamic Banks?

  (b) Explain six (6) roles of Commercial Banks in a developing country?

  (c) Explain the various methods of Credit Control?

2(a) Mention the functions of the Asset Management Company of  Nigeria (AMCON)

  (b) Explain the functions of network of participants in International Financial System?

3(a) Explain five (5) peculiarities of Islamic Banking System?

  (b) Explain the various types of insurance policies?

4(a)List eight (8) compositions of Bank liabilities and eight (8) compositions of Bank assets?

   (b) Explain the various types of Investment Company?

5 (a) What are the functions of Merchant Banks?

  (b) List and explain the functions of eight (8) instruments traded in the money market?