Central bank - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1984

The Central Bank instrument of control does NOT include

A. Open market operation
B. Moral sanctions
C. Reverse requirements
D. Selective credit control
E. Printing bank-notes

Question 12:

• JAMB 1986

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 13:

• JAMB 1995

the Central Bank's expansionary monetary policy is justified at a period?

A. When the inflation rate is high and the economic is experiencing a boom
B. Of economic depression accompanied by low capacity utilization
C. When trade unions are clamouring for higher wages
D. When price of crude petroleum is rising

Question 14:

• JAMB 1995

One method through which the Central Bank can restrict the commercial banks' power of credit expansion is to?

A. Demand for increased special deposit
B. Decrease the cash ratio
C. Buy securities in the open market
D. Reduce the rate of interests at which banks borrow from it

Question 15:

• 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