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      Question

      Which of the following portfolios is strictly prohibited

      from being assigned to the CVO?
      A Legal matters Correct Answer Incorrect Answer
      B Audit and inspection Correct Answer Incorrect Answer
      C Credit Correct Answer Incorrect Answer
      D Planning and development Correct Answer Incorrect Answer
      E Accounts Correct Answer Incorrect Answer

      Solution

      CVO must remain independent of operational and decision-making functions prone to vigilance issues, such as Credit, Investment, Premises, Dead Stock, and Stationery. Assigning such roles could create conflict of interest. The other options (Legal, Audit, Accounts, Planning) are permissible as they support oversight functions.

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