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BFN304

The document is an examination paper for the course BFN 304: Financial Systems at the National Open University of Nigeria, dated July 2017. It includes instructions for answering questions, with a focus on topics such as the differences between Islamic and Conventional banks, functions of financial systems, financial intermediaries, insurance policies, and marketing of bank services. The exam consists of one compulsory question and two additional questions to be selected by the student.

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2K views2 pages

BFN304

The document is an examination paper for the course BFN 304: Financial Systems at the National Open University of Nigeria, dated July 2017. It includes instructions for answering questions, with a focus on topics such as the differences between Islamic and Conventional banks, functions of financial systems, financial intermediaries, insurance policies, and marketing of bank services. The exam consists of one compulsory question and two additional questions to be selected by the student.

Uploaded by

adesolafumilayo8
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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NATIONAL OPEN UNIVERSITY OF NIGERIA

Plot 91, Cadastral Zone, Nnamdi Azikiwe Express Way, Jabi-Abuja


Faculty of Management Sciences, Department of Financial Studies
JULY 2017 EXAMINATIONS

COURSE CODE: BFN 304 CREDIT UNIT: 2

COURSE TITLE: FINANCIAL SYSTEMS

TIME ALLOWED: 2 hrs

Instructions: 1. Attempt question Number one (1) and any other two (2).

2. Question number 1 is compulsory and carries 30 marks, while the other questions
carry 20 marks each

Present all points in a coherent and orderly manner

QUESTION 1
1a) Discuss the differences between Islamic and Conventional banks as discussed by Abdul
Gafoor, 2007. 18 Marks
1b) Give 8 functions of a Financial System 8 Marks
1c) Briefly Explain the Financial System 4 Marks

QUESTION 2

2a) What are Financial Intermediaries? 5 Marks


2b) List nine (9) financial instruments being used in the capital market 9 Marks
2c) List six (6) peculiarities of the Islamic banking system 6 Marks

QUESTION 3
3a) Identify the main benefits of insurance policies 7 Marks
3b) Discuss seven (7) types of insurance products. 13 Marks

QUESTION 4
4a) Name 10 essential considerations for the successful marketing of bank services. 10 Marks

4b) Strategic marketing of banking services in relation to environmental demands requires the
certain steps; mention four (4). 2 Marks
4c) Discuss four reasons for marketing of Bank services 8 Marks

QUESTION 5
5a) Discuss the methods of credit control adopted by the Central Bank of Nigeria. 20 Marks

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