Financial Institutions - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2019

Mortgage banks give loans to investors on a long term basics to_____________

A. Finance agriculture
B. Establish banks
C. Acquire machinery
D. Build houses

Question 7:

• JAMB 2019

The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?

A. Commercial bank
B. Central bank
C. Mortgage bank
D. Merchant bank

Question 8:

• JAMB 2019

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

A. Revenue generation
B. Economic development
C. Fiscal Policy
D. Taxation

Question 9:

• JAMB 2019

The savings deposit in a commercial bank is called____________?

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

Question 10:

• JAMB 2019

Commercial bank reserves at the Central Bank____________

A. Advancing trade, prospects
B. Controlling credit and money supply
C. Reducing bank frauds
D. Discouraging banking operations