Types And Functions Of Financial Institutions - Economics Jamb Past Questions and Answers

Question 51 :

• JAMB 2004

The role of the Central Bank in the economic development of Nigeria is to

A. Give short-and medium-term loans to the public
B. Give financial and technical advice to customers
C. Use cheques and bankdrafts to faciliate business transactions
D. Maintain a stable price system

Question 52 :

• JAMB 2004

The primary function of non-bank financial institutions is to

A. Manage investment portfolios for government
B. Mobilize savings for investment
C. Grant loans to banks
D. Receive deposits from banks

Question 53 :

• JAMB 2005

The regulatory authority of the capital market in Nigeria is the

A. Central Bank
B. Securities and Exchange Commission
C. Nigerian Deposit Insurance Corporation
D. Stock Exchange Market

Question 54 :

• JAMB 2005

A discount house is a market where

A. Various bills are exchanged
B. Short-term and medium-term loans are obtained
C. Shares are bought and sold
D. Short-term loans are obtained

Question 55 :

• JAMB 2005

The savings deposit in a commercial bank is called

A. Capital
B. Fund
C. Near
D. Money
E. Call money