Banking - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2001

Bank Giro is a method of settling debt from a

A. Customer to a bank
B. Bank to customer
C. Customer to another
D. Bank to another

Question 17:

• JAMB 2002

The principal objectives of the Central Bank of Nigeria can be classified broadly into?

A. Bankers' bank lender of last resort and issuance of currency
B. Service, currency management and financial intermediation
C. Banking services, foreign exchange operations and open markets operations
D. Service, monetary policy and developmental functions

Question 18:

• JAMB 2003

The ECOBANK is the initiative of?

A. Some well-meaning Nigerian shareholders
B. The Federal Government of Nigeria
C. West African states tto foster trade
D. The Lagos State Governement to enhance capital mobilization

Question 19:

• JAMB 2003

Banks are engaged in the business of buying and selling of?

A. Bills of exchange
B. Instruments of credit
C. Intangible products
D. Land

Question 20:

• JAMB 2003

Public debt management is one of the functions of a?

A. Merchant bank
B. Central bank
C. Commercial bank
D. Development bank