How to login to NOUN Elearn Portal
You can now use you matric number to login as your username and password in a lowercase.
https://elearn.nouedu2.net/login/
Note that you are to change your passw...
COURSE CODE: BFN 310
CREDIT UNIT: 2
COURSE TITTLE: MICRO CREDIT POLICIES AND INSTITUTIONS
TIME ALLOWED: 2HOURS
Instruction: 1. Attempt question number one (1) and any other two (2)
2. Question number one (1) is compulsory and attracts 30 marks, while any other two questions attract 20 marks each
3. Present your answers any points in a clearly and orderly manner
1a. Who is an entrepreneur? Briefly discuss the basic features of an entrepreneur. 5 marks
1b. Discuss any five advantages of the group lending strategy adopted by micro finance institutions (MFIs). 7.5 marks
1c. List at least five types of macro business environments that influence the performance of business organizations in Nigeria 2.5 marks
1d. Mention any five qualities of good business objectives. 5 marks
1e. Discuss the supporting institutional arrangements required to ensure successful microfinance banks (MFBs) operations. 7.5 marks
1f. Explain briefly the concept of total quality management (TQM). 2.5 marks
2a. Identify at least five (5) benefits of micro-credit to the economy. 7.5 marks
2b. Identify at least five (5) key characteristics of a firm that qualify it to be categorized as a small business organization. 5 marks
2c. State and explain any five (5) benefits of Micro-credit institutions to the SMEs. 7.5 marks
3a. State at least five common motivations that induce individuals to establish personal or own businesses. 5 marks
3b. What is corporate social responsibility (CSR)? State any four benefits of CSR to business performance. 7 marks
3c. State any four benefits and four problems of cooperative associations to the society. 8 marks
4a. Briefly explain the cash operating cycle of a typical manufacturing firm. State its importance to the organization. 7.5 marks
4b. Briefly explain the concept of entrepreneurship 5 marks
4c. Discuss at least five contributions of small business firms to the growth and development of the Nigerian economy. 7. 5 marks
5a. State at least four essential features that distinguish micro finance institutions from conventional banking institutions. 6 marks
5b. Your business is at the verge of entering a new market. As an entrepreneur who is interested in ensuring the success of marketing the firm’s products, discuss your entry strategy around the four (4) P’s of marketing 4 marks
5c. It is always argued that good record-keeping is essential for the survival of businesses. Identify four qualities of good record keeping. 4 marks
5d. Outline the reasons for the establishment of the Nigeria Export-Import (NEXIM) Bank. Identify specific actions taken by the Bank to achieve its objectives. 6 marks
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You can now use you matric number to login as your username and password in a lowercase.
https://elearn.nouedu2.net/login/
Note that you are to change your passw...
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