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

Question 26 :

• JAMB 1982

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

A. Open market operation
B. Reserve requirements
C. Bank rate
D. Directives
E. Special deposits

Question 27 :

• JAMB 1982

If the Central Bank intends to increase the money supply through open market operations then it will

A. Sell securities in the open market
B. Buy securities in the open market
C. Issues more currency note
D. Withdraw money supply from the market
E. Print more demand deposit

Question 28 :

• 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 29 :

• JAMB 1985

One of the functions of the commercial banks is that it is?

A. Responsible for monetary policy
B. Responsible for issuing currency notes
C. The lender of last resort
D. The banker of the government
E. A banker of demand and time deposits of customers

Question 30 :

• 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