Which institution is responsible for the regulation and supervision of capital markets in Nigeria?
Nigerian Stock Exchange(NSE)
Securities and exchange commission(SEC)
Financial Reporting Council of Nigeria(FRCN)
Corporate Affairs Commission(CAC)
Correct answer is B
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is responsible for regulating and developing the Nigerian capital market. Its main function is to protect investors and ensure the integrity of the securities market.
one-fifth
two-third
one-third
absolute
Correct answer is B
Without presidential assent, the legislature can pass a bill into law with the votes of two-third majority. This is a provision in many democratic constitutions to ensure that the executive does not have absolute veto power over legislation.
The Oputa panel was established in Nigeria to
monitor military spending
Facilitate arms trades regulations
Investigate human rights abuses during the military rule
promote military intervention in politics
Correct answer is C
The Oputa panel, officially known as the Human Rights Violations Investigation Commission, was established in Nigeria in 1999 to investigate human rights abuses during the military rule. The panel was tasked with investigating abuses from 1966 to 1999, a period that covers nearly all of Nigeria's military dictatorships
Conservatism is an ideology that emphasizes
individual freedom and limited government intervention
radical social change and progress
equal distribution of wealth
traditional values and institutions
Correct answer is D
Conservatism is an ideology that emphasizes traditional values and institutions. Conservatives generally uphold the values of religion, personal responsibility, and the rule of law, and they prefer to maintain the status quo.
Which of the following is a characteristic of pressure groups?
They aim to gain political power
They are funded by the government
They are political parties
They represent the interest of a specific section of the society
Correct answer is D
Pressure groups are organizations that aim to influence public policy or legislation in a way that benefits their specific interests. They represent the interest of a specific section of the society, not the entire society. They are not political parties and they do not aim to gain political power. They are also not typically funded by the government.