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NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JUNE/JULY 2018 EXAMINATION
COURSE CODE: BFN737
CREDIT UNIT: 2
COURSE TITLE: MICRO AND SMALL BUSINESS FINANCING
TIME ALLOWED: 2 HOURS
Instructions:
- Question number 1 is compulsory and carries 30 marks while the other 2questions carry 20 marks each. Present all your points in coherent and orderly manner.
- Attempt question number one (1) and any other two (2).
- Firms must of necessity compute ratios in order to establish trend of performance. This will provide them with the snapshot of where they are vis-à-vis their set goals.Financial analysis entails the use of financial statements in getting clearer picture of the firm performance. This also involves the use of financial statements, which is collection of data as organized on the basis of logical and consistent accounting procedure.
- Discuss any four (4) major groups/types of financial ratios prepared by small business firms. (18 marks)
- Explain List two examples each of financial ratios identified in (a) above.(12 marks)
- The role of small and medium enterprises in the economic development of a nation cannot be understated. As important as these roles are, micro, small and medium enterprises (MSMEs) in Nigeria is still being confronted with several challenges0
Discuss the challenges confronting MSMEs in a developing economy like Nigeria. (20 marks)
- The Nigerian Government through the Central Bank of Nigeria has formulated the Nigerian Microfinance Policy.
- Explain five reasons for the formulation of National Microfinance Policy? (7 marks)
- Discuss the main objectives of the policy. (7 marks)
- Discuss the efforts so far made to reposition the microfinance subsector for enhanced service delivery. (6 marks)
4a. Explain the term Microfinance. (2 marks)
- Explain the challenges militating against efficient microfinance service delivery Nigeria. (12 marks)
- Advance four reasons for the seeming growth of microfinance subsector in Nigeria. (6 marks)
5a. Explain Leasing as a source of long term finance. (4 marks)
- Distinguish clearly between operating lease and finance lease. (16 marks)
