GST 301 TMA1 Answers

Q1 the most popular traditional financial institutions are called……………

Cooperative

Esusu

Ajoo

Daily contriution

Q2 the document used for foreign exchange application has ……………..sub heading the form A

8

9

6

7

Q3 what year was the deregulation to regulation continued…………..

1994

1984

1964

1987

Q4 ……………. Is an authorize buyer in charge of buying currencies and travellers

BDA

BDC

BBD

BCD

Q5 which year was the buraeu de change was introduced ……………………………

1984

1989

1986

1987

Q6 SGS was ditched in year …………….

1984

1983

1985

1980

Q7 The year ……… to ……….. Is seen as a period of regulation to deregulation

1960, 1988

1985 1987

1975, 978

1962, 1986

Q8 …………explained that the first attempt at regulating the foreign exchange system in nigeria was

in the year ………………….

Eze 1963

Esezobor, 1962

Lambing 1965

Kauchi 1966

Q9 The year………….. Was special because the CBN circular specifiy travel related allowance

1985

1984

1989

1988

Q10 in ……………. The Military government change the colour of Nigeria currency.

1985

1986

1984

1983

Q11 what was the year the pound gave way to nigerian currency ………………..

1974

1986

1973

1985

Q12 The year ……… to ……….. Is seen as a period of regulation to deregulation

1963, 1967

1911, 1912

1962, 1985

1962, 1986

Q13 Morris See entrepreneurs ascreative destruction and make existing ______ obsolete

goods

services

Strategic Planning

products

Q14 ………………………. Which is an informal characteristics stands an entreprenuour out

Capital invest

Decision making

Strategic Planning

Risk taking

Q15 The business consumes the entrepreneur’s life, work is strainous and entails high level stress

because of

Business success

fame

productivity

stragegic thinking

Q16 The feeling of being your own boss is very satisfying for …………………………

Businessmen

Employers

entrepreneurs

job creator

Q17 ……………………. discouraged creativity for children, in what year………………….

Lambing 2007

Lambing and Kuehl, 2007

Gutner, 1994

Kuehi, 2006

Q18 ………………………………. See entrepreneurs ascreative destruction and make existing

products obsolete

Morris

Sharma

Collins

Dana

Q19 Yearly ……………………..% of the adult population is actively involved in trying to start a new

business

ten

six

thre

four

Q20 Reference was made of entrepreneurship as self employment with an…………………return

suffiecent

uncertain

certainty

profit