The role of financial institutions in economic development - 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

Restrictive monetary policy is designed to curtail aggregate demand and to overcome________

A. Deflation
B. Reinflation
C. Disinflation
D. Inflationary gap

Question 3:

• JAMB 1986

The Nigeria Bank for Commerce and Industry is?

A. A commercial Bank
B. A developmment bank
C. An industrial bank
D. A merchant bank

Question 4:

• JAMB 1988

Deficit financing is mostly facilitated by the existence of?

A. Stock exchange market
B. Commercial bank
C. Central bank
D. Capital market

Question 5:

• JAMB 1991

Banks aid economic expansion and development by?

A. Being very strict in lending policies
B. Mobilizing savings for investment lending
C. Paying interest on deposit accounts
D. Charging high interest on loans