
COMMERCE QUIZ
Authored by Godwin Asikpata
Business
10th Grade
Used 1+ times

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following services is rendered by Central Bank?
Provision of brokerage services
Safe keeping of cash and other valuables
Discounting bills of exchange
Issuing currency notes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the banker of all commercial banks in the country?
CBN
FMBN
BOI
UBA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of the Central Bank?
Bankers bank
Government bank
Printing of currency
Servicing of national debt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?
Banker’s bank
Bank rate
Funding operations
Open market operations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the Central Bank increases the bank rate its aim is to?
Reduce the volume of public borrowing
Increase government revenue
Encourage bank to lend only to government
Discourage the public from saving.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a customer is allowed N1000 overdraft and he receives a bank statement showing an overdraft of N100. This means that he?
Cannot draw more cheques
Is owed N100 by the bank
Owes the bank at least N900
Owes the bank N100 only.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a loan, carrying a fixed rate of interest and secured on the assets of a company?
Mortgage debenture
Naked debentures
Preference shares
Deferred shares
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