Banking - Commerce Jamb Past Questions and Answers

Question 26 :

• JAMB 2005

To increase the supply of money in a country, the central bank has to?

A. Reduce cash ratio
B. Sell securities
C. Call on special deposits
D. Raise cash ratio

Question 27 :

• JAMB 2005

One advantage of a crossed cheque is that it can?

A. Only be paud into a savings account
B. Be cashed over the bank's counter
C. Only be paid into the owner's account
D. Be cashed by anyone

Question 28 :

• JAMB 2006

Which of the following is a development bank in Nigeria?

A. Union Bank Plc
B. First Bank Plc
C. First City Monument Bank
D. Federal Mortgage Bank

Question 29 :

• JAMB 2006

A current account is beneficial to its holder as?

A. Cheques can be issued to anybody
B. Customers cannot withdraw frequently
C. It is only the holder that can make withdrawals
D. It allows customers the use of passbooks

Question 30 :

• JAMB 2007

Which of the following requires payment into the payee's account?

A. Crossed cheque
B. Traveller's cheque
C. Open cheque
D. Certified chegues