Banking - Jamb Commerce Past Questions and Answers

Question 46:

• JAMB 2017

The differences between the central bank and commercial bank is that the former ______

A. Discount treasury bills
B. Give loans to the public
C. Saves valuable of individual
D. Serves as lender of last resort

Question 47:

• JAMB 2018

Current account holders withdraw money through

A. Credit card
B. Cheque
C. Transfer
D. Withdrawal form

Question 48:

• JAMB 2018

The Central Bank Monetary policy instrument by which it buys and sells securities is called

A. Bank rate
B. Cash reserve ratio
C. Open market operation
D. Bank credit

Question 49:

• JAMB 2018

Why will a cheque be dishonored?

A. Regular signature
B. High amount of money written on the cheque
C. Insufficient funds
D. General crossing

Question 50:

• JAMB 2018

Bank giro is a system where?

A. Commercial banks can give loan to all customers.
B. A central bank opens accounts for commercial banks
C. A customer uses a cheque to pay several bills.
D. A customer closes his account by writing a cheque