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

Question 66 :

• JAMB 2013

Which of the following is used by the Central Bank of Nigeria to control inflation?

A. Tariff on imports
B. Tax rate
C. Exchange rate
D. Discount rate

Question 67 :

• JAMB 2013

If CBN reduces money supply, the interest rate will

A. Fluctuate
B. Rise
C. Fall
D. Remain unchanged

Question 68 :

• JAMB 2020

The Nigerian bank for commerce and industry is?

A. A commercial bank
B. A development bank
C. An industrial bank
D. A merchant bank

Question 69 :

• JAMB 2020

Which of the following is used by the central bank to control the rate of interest

A. Bill of exchange
B. Banker's order
C. Fixed deposit account
D. Open market operation

Question 70 :

• JAMB 2020

One of the techniques of monetary control used by the central bank of Nigeria is

A. Selective credit control
B. Budget deficit
C. Foreign exchange control
D. Monitoring the general price level