Central bank - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

A. Monetary policy
B. Fiscal policy
C. Credit ceiling
D. Open market operation

Question 3:

• JAMB 2019

The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?

A. Commercial bank
B. Central bank
C. Mortgage bank
D. Merchant bank

Question 4:

• 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 5:

• 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