Financial Institutions - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 2014

One of the challenges facing the banking industry in Nigeria is

A. Ensuring technological security
B. Providing employment
C. Providing loans for investment
D. Creating more money

Question 17:

• JAMB 1978

A commercial bank is unique in that it is the only institution that

A. Makes loans to private people and businessmen
B. Accept deposits
C. Can store peoples' valuables
D. Can transfer money from one place to another for its customers
E. Saves money through the granting of credits

Question 18:

• JAMB 1978

Which of the following can be regarded as a liability of a commercial bank?

A. Advances
B. Deposits
C. Treasury bills
D. Overdrafts
E. Cash

Question 19:

• 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 20:

• 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