Financial Institutions - Jamb Economics Past Questions and Answers

Question 21:

• JAMB 1978

An increase in liquid reserve requirements by the central bank of Nigeria will result in

A. A reduction in commercial banks' excess reserves
B. More commercial bank loan to members of the public
C. An increase in commercial banks excess reserves
D. No change in commercial banks excess reserves
E. A reduction in central banks gold reserves

Question 22:

• 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 23:

• 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 24:

• 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

Question 25:

• JAMB 1979

Which of the following assets of the commercial bank does not yield revenue?

A. Money in the tills of the bank
B. Money at call
C. Treasury certificates
D. Treasury bills
E. Bills of exchange