JAMB Economics 2009 Objective — Question 29
Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.
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The reform in the banking sector in Nigeria is principally motivated by the need to
- A. increase the capital base of banksCorrect
- B. provide more money to run the economy
- C. minimize the rate of bank failures
- D. enhance efficiency in bank operations
Explanation
The reform is mainly aimed at consolidating the banking sector by increasing their capital base.
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