Financial Institutions - Jamb Economics Past Questions and Answers

Question 86:

• 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 87:

• 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 88:

• JAMB 2004

The capital market provides business firms with the avenue to

A. Lease capital equipment
B. Obtain long-term funds
C. Obtain short-term funds
D. Purchase capital equipment

Question 89:

• JAMB 2004

Which financial institution is charged with the formulation of monetary polices in Nigeria?

A. The Central Bank of Nigeria
B. The Nigeria Deposit Insurance Corporation
C. The Abuja Commodity Exchange
D. The Lagos Stock Exchange

Question 90:

• 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