Free Practice Questions for ICSAN Sector Governance

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Sample ICSAN Sector Governance Practice Questions

Try these sample questions to review concepts for the ICSAN Sector Governance exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under 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?

A.The Federal Executive Council (FEC)

B.The Bureau of Public Procurement (BPP)

C.The National Assembly Procurement Committee

D.The Infrastructure Concession Regulatory Commission (ICRC)

Explanation: The Federal Executive Council (FEC) acts as the ultimate approving authority for contract awards exceeding the thresholds designated for Ministerial Tenders Boards. While the Bureau of Public Procurement (BPP) reviews procurement processes and issues Certificates of 'No Objection' to Contract Award, it does not award the contracts itself. The National Assembly performs legislative oversight, and the ICRC regulates concession and Public-Private Partnership agreements.

2The Fiscal Responsibility Act 2007 requires the Federal Government to prepare the Medium-Term Expenditure Framework (MTEF) for how many financial years?

A.One financial year

B.Three financial years

C.Five financial years

D.Ten financial years

Explanation: Section 11(1) of the Fiscal Responsibility Act 2007 mandates the Federal Government, after consultation with states, to prepare a Medium-Term Expenditure Framework (MTEF) for the next three financial years. This framework forms the basis for annual budget preparation, ensuring medium-term fiscal planning and macroeconomic stability.

3What is the primary governance objective of the Treasury Single Account (TSA) policy implemented by the Federal Government of Nigeria?

A.To decentralize revenue collection across commercial banks to support private sector liquidity

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

C.To eliminate the requirement for Ministries, Departments, and Agencies (MDAs) to prepare annual budgets

D.To allow the Ministry of Finance to directly disburse funds to political parties without legislative approval

Explanation: The Treasury Single Account (TSA) is a unified structure of government bank accounts that consolidates all government revenues at the Central Bank of Nigeria (CBN). Its primary objective is to optimize cash management, prevent fragmentation of public funds in commercial banks, eliminate idle government cash, and enhance transparency and accountability in public financial management.

4Under 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?

A.Annually on or before December 31st of every calendar year

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

C.Only once during their entire career in the public service

D.Every ten years of active public service

Explanation: According to the Code of Conduct for Public Officers in the Fifth Schedule of the 1999 Constitution, a public officer must submit a written declaration of all assets and liabilities to the Code of Conduct Bureau immediately after taking office, at the end of every four years, and at the end of his or her term of office.

5According 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?

A.3 days

B.7 days

C.14 days

D.30 days

Explanation: Section 4 of the Freedom of Information Act 2011 mandates that a public institution to which an application for information is made must grant or deny the request within 7 days of receiving the application, unless an extension is legally sought and granted.

6Which body is legally mandated to regulate, monitor, and facilitate Public-Private Partnership (PPP) agreements entered into by Federal Ministries, Departments, and Agencies in Nigeria?

A.The Bureau of Public Enterprises (BPE)

B.The Infrastructure Concession Regulatory Commission (ICRC)

C.The Financial Reporting Council of Nigeria (FRCN)

D.The National Planning Commission (NPC)

Explanation: The Infrastructure Concession Regulatory Commission (ICRC) was established under the ICRC Act 2005 to regulate, monitor, and facilitate Public-Private Partnership (PPP) agreements, concessions, and infrastructure contracts entered into by the Federal Government of Nigeria.

7Under the Nigerian Civil Service Rules and Financial Regulations, who is designated as the 'Accounting Officer' of a Federal Ministry?

A.The Honorable Minister

B.The Permanent Secretary

C.The Director of Finance and Accounts

D.The Auditor-General for the Federation

Explanation: In the Nigerian public service, the Permanent Secretary is the administrative head and the designated 'Accounting Officer' of a Ministry. He or she is personally responsible for the financial administration of the ministry, safeguarding public funds, and answering to the Public Accounts Committee of the National Assembly regarding audit queries.

8To which organ of government is the Auditor-General for the Federation required by the 1999 Constitution of Nigeria to submit public audit reports?

A.The President of the Federal Republic

B.The National Assembly

C.The Federal Judiciary Council

D.The Ministry of Finance

Explanation: Section 85(5) of the 1999 Constitution mandates the Auditor-General for the Federation to submit his reports to each House of the National Assembly. This ensures legislative oversight over the executive's implementation of the budget and expenditure of public funds.

9What is the primary constitutional mandate of the Federal Civil Service Commission (FCSC) in Nigeria?

A.To audit public sector accounts and publish financial reports

B.To recruit, promote, and discipline federal civil servants

C.To resolve conflicts between the executive and legislative arms of government

D.To formulate national economic development plans and budgets

Explanation: The Federal Civil Service Commission (FCSC) is an executive body established under the Constitution of Nigeria with the mandate to appoint (recruit) persons to offices in the Federal Civil Service, and to promote and discipline civil servants under its jurisdiction.

10In a Nigerian federal parastatal, who is responsible for the day-to-day administration and execution of board policies?

A.The Chairman of the Governing Board

B.The Director-General or Chief Executive Officer (CEO)

C.The Company Secretary

D.The supervising Minister of the Ministry

Explanation: The Director-General, Managing Director, or CEO of a federal parastatal is the administrative head who is responsible for day-to-day management, executing policies approved by the Governing Board, and running the operations of the organization.

About the ICSAN Sector Governance Exam

This practice exam covers public sector, private sector, and non-profit/NGO governance, corporate social responsibility, ethics, and regulatory supervision in Nigeria.

Exam sponsor: Institute of Chartered Secretaries and Administrators of Nigeria. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

100 multiple-choice questions

Time Limit

3 hours

Passing Score

50%

Exam / Certification Fees

Free

Exam sponsor website

Reported exam pass rate: ~75%. estimated pass rate This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Official ICSAN Website

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

20%

Public Sector Governance

Public finance guidelines, code of conduct for public officers, and public procurement rules.

20%

Private Sector Corporate Governance

Corporate governance principles in listed and private companies, and shareholder rights protection.

20%

Non-Profit & NGO Governance

Trustees' roles and duties, donor relations, transparency standards, and civil society guidelines.

20%

Ethical Issues & CSR

Business ethics theories, professional codes of conduct, whistleblower policies, and CSR programs.

20%

Regulatory Supervision in Nigeria

FRCN oversight, CAC compliance audits, and sector-specific regulators (CBN, PenCom, SEC).

Preparing for the ICSAN Sector Governance Exam

What You Need to Know

Passing score: 50%
Assessment: 100 multiple-choice questions
Time limit: 3 hours
Exam / certification fees: Free Official sources

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Frequently Asked Questions

What is the format of the ICSAN Sector Governance exam?

The exam consists of 100 multiple-choice questions covering all five content domains.

What is the passing score for the ICSAN Sector Governance exam?

Candidates must score at least 50% to pass the exam.

Free Practice Questions for ICSAN Sector Governance

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