Search SchoolNGR

Commerce Past Questions and Answers

Classroom

Commerce Questions

Question 1506:

Which of the following is the the main aim of the Indigenization Decree?

SchoolNGR Classroom

A Alleviate the effect of inflation
B Eliminate foreigners from Nigerian economy
C Remove all obstacles to commercial activities
D Allow Nigerians greater participation in commercial activities
E Alleviated the effect of depressed economy

View Answer & Explanation

Question 1507:

Which of the following institutions provides the volume of credit to the public?

SchoolNGR Classroom

A Building societies
B Mail order business
C Department stores
D Finance houses
E Bank

View Answer & Explanation

Question 1508:

When a cheque has special crossing it should be?

SchoolNGR Classroom

A Cashed by the drawer
B Cashed over counter
C Paid into a named bank
D Paid to the drawee
E Paid into Central Bank

View Answer & Explanation

Question 1509:

Through which of the following does the central Bank carrying out the monetary policy of the country?

SchoolNGR Classroom

A Discounting bills
B Banks rate
C Granting overdrafts
D Acting as lender of last resort
E Acting as banker to commercial banks

View Answer & Explanation

Question 1510:

Which of the following is not a means of money?

SchoolNGR Classroom

A Divisibility
B Portability
C Accessibility
D Recognizability
E Durability

View Answer & Explanation

Stay Updated

Follow us on:

Subjects