COMMERCE QUIZ

COMMERCE QUIZ

10th Grade

50 Qs

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COMMERCE QUIZ

COMMERCE QUIZ

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Godwin Asikpata

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

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