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

Question 36 :

• JAMB 1990

Which of the following is a liability of a commercial bank?

A. Deposits in bank
B. Loans made by the bank to individuals
C. Loans made by the bank to other banks
D. Bonds purchased by the bank

Question 37 :

• JAMB 1991

One of the functions of Development Banks is to

A. Mint money for the development of the economy
B. Provide short-term loans to commercial banks
C. Provide medium and long-term finance for the development of the banking system
D. Provide medium and long-term finance for the development of the economy

Question 38 :

• JAMB 1992

Which of the following is NOT directly concerned with dealings in treasury bills?

A. The stock exchange
B. The Central bank
C. Commercial banks
D. Discount houses

Question 39 :

• 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 40 :

• 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