ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II - Governance Exam - ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II

Question 1

Under the Public Procurement Act 2007, which body is responsible for approving contract awards that exceed the approval limit of a Federal Ministry's Ministerial Tenders Board?

The Federal Executive Council (FEC) The Bureau of Public Procurement (BPP) The National Assembly Procurement Committee The Infrastructure Concession Regulatory Commission (ICRC)

Correct Answer:

The Federal Executive Council (FEC)

Question 2

The Fiscal Responsibility Act 2007 requires the Federal Government to prepare the Medium-Term Expenditure Framework (MTEF) for how many financial years?

One financial year Three financial years Five financial years Ten financial years

Correct Answer:

Three financial years

Question 3

What is the primary governance objective of the Treasury Single Account (TSA) policy implemented by the Federal Government of Nigeria?

To decentralize revenue collection across commercial banks to support private sector liquidity To consolidate all government revenues in a single account at the Central Bank of Nigeria to enhance cash management and transparency To eliminate the requirement for Ministries, Departments, and Agencies (MDAs) to prepare annual budgets To allow the Ministry of Finance to directly disburse funds to political parties without legislative approval

Correct Answer:

To consolidate all government revenues in a single account at the Central Bank of Nigeria to enhance cash management and transparency

Question 4

Under the Constitution of the Federal Republic of Nigeria 1999 (as amended), public officers are required to declare their assets to the Code of Conduct Bureau at what intervals?

Annually on or before December 31st of every calendar year Upon taking office, at the end of every four years, and at the end of their term of office Only once during their entire career in the public service Every ten years of active public service

Correct Answer:

Upon taking office, at the end of every four years, and at the end of their term of office

Question 5

According to the Freedom of Information (FOI) Act 2011, a public institution must respond to a request for access to information within how many days of receiving it?

3 days 7 days 14 days 30 days

Correct Answer:

7 days

Question 1

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Prepare with the ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II - Governance Exam practice quiz. This question bank includes 100 questions covering nigeria, cama, public, governance, and companies. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II - Governance Exam

This practice set contains 100 questions from the matching question bank and focuses on nigeria, cama, public, governance, and companies. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II - Governance Exam

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