NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: BFN 306

CREDIT UNIT: 3

COURSE TITLE: Comparative Banking

TIME ALLOWED: 2 1/2 HOURS

NOTE: 1. To attempt question number one (1) and any other three

2. Question number 1 is compulsory and carries 25 marks, while the other questions carry 15 marks each

3. Present all your points in coherent and orderly manner

QUESTION NUMBER ONE (COMPULSORY)

(a) Differentiate Monetary Policy from Fiscal Policy as applicable to the Nigerian banking environment (5 Marks)

(b) Classify three (3) instruments each of monetary policy and fiscal policy. (6 Marks)

(c) Identify four (4) contributory roles of financial development to the overall growth of any economy. (8Marks)

(d) In what three (3) ways can crises affect the dynamics of the political economy of banking regulation? (6 Marks)

QUESTION NUMBER TWO

(a) Explain the nature of political economy of banking. (7 Marks)

(b) Present the two facets of bank ownership. (8 Marks)

QUESTION NUMBER THREE

(a) In contrast to a commercial bank, explain merchant bank. (5 Marks)

(b) Highlight five (5) functions of a merchant bank (10 Marks )

QUESTION NUMBER FOUR

Regulation is a vital part of banking systems all over the world. With emphasis on the Nigerian banking system, list five (5) regulatory agencies and briefly explain their respective roles. (3 Marks each x 5 = 15 Marks)

QUESTION NUMBER FIVE

(a) Explain Capitalism in differentiation from Socialism (6 Marks)

(b) Identify three (3) features of financial capitalism. (9 Marks)