Banking - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1998

The assets, liabilities and general management of a distressed bank may be taken over by?

A. International Bank for Reconstruction and development
B. Nigeria Industrial Development Bank
C. Nigeria Banks Deposit Insurance corporation
D. Nigeria Bank for Commerce and Industry

Question 12:

• JAMB 1999

The document represents a

A. Bill of exchange
B. Cheque
C. Money order
D. A. Promissory note

Question 13:

• JAMB 1999

The rate at which a central bank discount first class bills is called the

A. Fixed rate
B. Bill rate
C. Bank rate
D. Interest rate

Question 14:

• JAMB 2000

The Central Bank differs from commercial banks because it?

A. Renders service to customers
B. Carries out foreign exchange transactions
C. Issues currencies
D. Discounts bills

Question 15:

• JAMB 2000

A bank form used to transfer money from personal to creditor's account is called?

A. Debits transfer form
B. Credit transfer form
C. Customers transfer form
D. Banks transfer form