Aids-to-trade - Jamb Commerce Past Questions and Answers

Question 41:

• JAMB 1998

The most important difference between community banks and peoples’ bank is that the?

A. Latter is owned solely by government while the former are not
B. Former cater for ruler dwellers while the latter cater for both rural and urban dwellers
C. Former are service oriented while the latter are profit oriented
D. Latter advances loans to the public while former advance loans to the rural dwellers only.

Question 42:

• 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 43:

• JAMB 1999

The document represents a

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

Question 44:

• JAMB 1999

A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages

A. Caused by the insured vehicle
B. To the insured vehicle
C. Cause by the other vehicle
D. To the driver of insured vehicle

Question 45:

• 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