Financial Institutions - Jamb Economics Past Questions and Answers

Question 76:

• JAMB 2001

An increase in the discount rate is an indication of a central bank's intention to pursue?

A. An expansionary monetary policy
B. A disciplined monetary policy
C. A dynamic monetary policy
D. A contractionary monetary policy

Question 77:

• JAMB 2002

In Nigeria, the bank that can correctly be described as a unit bank is?

A. The Central Bank
B. People's bank
C. Mortgage bank
D. Community bank

Question 78:

• JAMB 2002

Insurance companies invest mainly in instruments trade on the?

A. Capital market
B. Money market
C. Commodity market
D. Open market

Question 79:

• JAMB 2002

The primary objective of the NDIC is to?

A. Give protection to the CBN against fraud
B. Provide regulations guiding the finance houses
C. Give protection against fraud
D. Give protection to bank depositors

Question 80:

• JAMB 2002

The major purpose of African Development Bank is to?

A. Provide loans for trade development
B. Provide loans for infrastructural development
C. Provide loans for develpment banks in distress
D. Educate peasant farmers in new techniques