Question 406:

• JAMB 1978

The largest liability appearing in the book of a commercial bank is

A. Cash
B. Deposits
C. Loans and advances
D. Capital and reserves
E. Treasury bills

Question 407:

• JAMB 1978

The Lagos clearing house is

A. A commodity market
B. An import licensing centre
C. Another name for the Lagos stock exchange
D. An insurance and underwriting centre
E. A cheque sorting centre

Question 408:

• JAMB 1978

The biggest source of government revenue in Nigeria is

A. Mining, rents and royalties
B. Company income tax
C. Import duties
D. Export duties
E. Petroleum profit tax

Question 409:

• JAMB 1978

An increase in liquid reserve requirements by the central bank of Nigeria will result in

A. A reduction in commercial banks' excess reserves
B. More commercial bank loan to members of the public
C. An increase in commercial banks excess reserves
D. No change in commercial banks excess reserves
E. A reduction in central banks gold reserves

Question 410:

• JAMB 1978

A distinguishing characteristics of a consumers' cooperative is the fact that

A. The customers are the owners
B. The customers are the workers
C. The customers are the managers
D. The customers are low income people
E. The customers are high income people