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

Question 11 :

• JAMB 1978

The largest liability appearing in the book of a commercial bank is

A. Cash
B. Deposits
C. Loans and advances
D. Capital and reserves
E. Treasury bills

Question 12 :

• JAMB 1978

The Lagos clearing house is

A. A commodity market
B. An import licensing centre
C. Another name for the Lagos stock exchange
D. An insurance and underwriting centre
E. A cheque sorting centre

Question 13 :

• JAMB 1979

The central bank controls the activities of other banks by all but one of the following

A. The use of bank rate
B. The purchase or sale of government bonds on the open market
C. Special deposite
D. The use of directives
E. Taxation

Question 14 :

• JAMB 1979

which of these alternative is wrong? central banks are

A. Bankers to the government
B. Bankers to commercial banks
C. Merchant banks
D. Controllers and regulators of money supply
E. Issuers of bank note

Question 15 :

• JAMB 1979

Which of the following is not an asset of a commercial bank?

A. Cash
B. Money at call
C. Treasury bills
D. Reserve funds
E. Loans and over-draft