Question QFB1 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer: Order

Question QFB2 : _________is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc
Answer: Incomplete

Question QFB3 : The functions of commercial banks are the following except_____ Finance
Answer: Equity

Question QFB4 : ___________ dividend is not a monetary policy measure
Answer: Interest

Question QFB5 : Bureau De Change business started in Nigeria in what year?
Answer: 1989

Question QFB6 : A _________ bill is the bill in which acceptance as well as payment of the bill is effected by the drawee concurrently.
Answer: Sight

Question QFB7 : A ___________ bank is a financial institution primarily designed to provide medium to long-term credits to the economy.
Answer: Development

Question QFB8 : The Canon of good lending are the following except______ features
Answer: Loan

Question QFB9 : _________endorsement is one which prohibits further negotiation of the bill
Answer: Special

Question QFB10 : __________ bill is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer: Incomplete

Question QFB11 : _______ bill is a bill either drawn payable within Nigeria, or drawn within Nigeria upon some person’s resident therein. payable abroad, or drawn by a Nigeria upon some persons resident in other country.
Answer: Inland

Question QFB12 : ___________ endorsement specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer: Blank

Question QFB13 : The bill of exchange act dates back to _______
Answer: 1990

Question QFB14 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer: Classical

Question QFB15 : A ______ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer: Bank

Question QFB16 : When money is demanded because of its function as a store of value it is called _______ view of money
Answer: Keynesian

Question QFB17 : A ______ Bank has many owners, and they elect from their selves a certain number who are entrusted to manage/administer the bank in the day-to-day activities.
Answer: Public

Question QFB18 : A______ bank have few owners and they attend personally to it management.
Answer: Private

Question QFB19 : The bulk of a Bank's income comes from ________
Answer: Lending

Question QFB20 : A ______ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer: Bank

Question QFB21 : The term "credit" is derived from the latin word_____, meaning to trust
Answer: Credere

Question QFB22 : A ________ House is a non-bank financial institution engaged in discount house business
Answer: Discount

Question QFB23 : A_________ house holds and trades in money market instruments
Answer: Discount

Question QFB24 : __________ banking is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer: Mobile

Question QFB25 : A_________ house holds and trades in money market instruments
Answer: Discount

Question QFB26 : Financial Institutions Training Centre (FITC) started operation in year ________
Answer: 1981

Question QFB27 : _______ bill is a bill either drawn payable within Nigeria, or drawn within Nigeria upon some person’s resident therein. payable abroad, or drawn by a Nigeria upon some persons resident in other country.
Answer: Inland

Question QFB28 : ______ Instrument is a financial instrument which the full legal title is transferable by mere delivery or by endorsement and delivery with the effect that its complete ownership and legal interest pass to transferee who will be capable of having legal title superior to the title of the transferor.
Answer: Negotiable

Question QFB29 : The apex of the Nigerian Banking system is ______
Answer: CBN

Question QFB30 : The Bank of Industry's sources of fund are_______, Ministry of Finance and Nigerian Citizens and Associations
Answer: CBN

Question QFB31 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer: Inland

Question QFB32 : ______ policies are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives. On the other hand, monetary policy circular is a booklet published annually by the Central Bank of Nigeria containing the monetary, credit, foreign and Exchange Policy guidelines for the fiscal year which is usually 12 months.
Answer: Monetary

Question QFB33 : A_______ is a bill of exchange drawn on a banker payable on demand.
Answer: Cheque

Question QFB34 : ___________ endorsement specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer: Blank

Question QFB35 : _________ Cheque is one drawn payable to bearer or indorsed “in blank”.
Answer: Bearer

Question QFB36 : A bill of exchange drawn on a banker payable on demand is a _________
Answer: Cheque

Question QFB37 : ________ is the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof
Answer: Holder

Question QFB38 : A _______is a bank in which the order to pay is directed. It is the paying bank in which order to pay is directed, that is the bank that holds the customer’s money.
Answer: Holder

Question QFB39 : ________ policies are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives.
Answer: Monetary

Question QFB40 : Bankers Committee comprise of the__________ Executive of all licensed banks in Nigeria
Answer: Chief

Question QFB41 : The Era of Money Exchange-__________ money is an era that actually came to resolve of the problems posed by the barter system.
Answer: Commodity

Question QFB42 : Micro finance banks source for funds from interest income, deposits and savings and______
Answer: Fees

Question QFB43 : Capacity building has become a major concern of the _________ industry
Answer: Banking

Question QFB44 : The concept of e-money in Nigeria was introduced in ___________
Answer: 1996

Question QFB45 : Monetary policy circular is a booklet published annually by__________
Answer: Central Bank of Nigeria

Question QFB46 : The era of __________ was marked by the simple ownership, possession and control of the natural resources
Answer: Subsistence

Question QFB47 : ____________ money is money that is acceptable to the masses on the strength of government imprints on it.
Answer: Token

Question QFB48 : The Chartered Institute of Bankers was registered in 1976 as _________
Answer: Nigeria Institute of Bankers

Question QFB49 : A cheque is _________ Crossing where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer: Restrictive

Question QFB50 : The National Secretariat is run on a directorate system under the direct administration of the___________
Answer: Registrar

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer:

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC47 : __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer:

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC15 : _________is the currency in circulation (notes and coins) plus bank deposits.
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC47 : __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer:

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC15 : _________is the currency in circulation (notes and coins) plus bank deposits.
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC47 : __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer:

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC15 : _________is the currency in circulation (notes and coins) plus bank deposits.
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC47 : __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer:

Question QMC1 : A bank is an institution which accepts deposits from the public and in turn advances loans by creating ________
Answer:

Question QMC2 : When money is demanded because of its use as a medium of exchange it is called _______ view of money
Answer:

Question QMC3 : The sources of funds in a company's balance sheet are all of the following except______
Answer:

Question QMC4 : A__________is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.
Answer:

Question QMC5 : When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Answer:

Question QMC6 : A bank established in Nigeria to carter for the financial needs of some segments of the society is known as _________
Answer:

Question QMC7 : All of the following are types of relationships that exists between a customer and a bank except______
Answer:

Question QMC8 : Key functional departments in a Bank are all of the following except______
Answer:

Question QMC9 : The development banking system emerged in the financial system on the basis of the following reasons except _____
Answer:

Question QMC10 : Banks are divided into private and ________
Answer:

Question QMC11 : The profits of a bank are the portion of its _______which include discount, interest dividends, and commission
Answer:

Question QMC12 : The _________was marked by the simple ownership, possession and control of the natural resources.
Answer:

Question QMC13 : Micro finance Banks can be established by the following except____
Answer:

Question QMC14 : In Nigeria, the concept of e-money was introduced in ________
Answer:

Question QMC15 : _________is the currency in circulation (notes and coins) plus bank deposits.
Answer:

Question QMC16 : _______ is simply irredeemable and inconvertible money that derives its power to circulate from the government backing.
Answer:

Question QMC17 : A _________ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Answer:

Question QMC18 : _______ is money that is acceptable to the masses on the strength of government imprints on it.
Answer:

Question QMC19 : A ________ bank has few owners and they attend personally to it management.
Answer:

Question QMC20 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC21 : The features of a cheque are all of the following except_____
Answer:

Question QMC22 : A __________cheque is where a cheque is specially crossed to a named banker with the addition of the word ‘only'.
Answer:

Question QMC23 : Banking Function of Merchant Banks includes the following except______
Answer:

Question QMC24 : A bill either drawn payable within Nigeria, or drawn within Nigeria, or drawn within Nigeria upon some person’s resident therein is a ________ bill
Answer:

Question QMC25 : Examples of traditional financial institutions are the following except_____
Answer:

Question QMC26 : The FITC performs the following functions to enhance manpower development in Nigeria except ______
Answer:

Question QMC27 : Types of crossing a cheque are all of the following except_______
Answer:

Question QMC28 : When money is demanded because of its function as a store of value it is called _______
Answer:

Question QMC29 : The principles of Insurance are all of the following except_______
Answer:

Question QMC30 : The following are major sources of funds for Discount houses except_______
Answer:

Question QMC31 : All of these are instruments and methods used for internal payment through the banking system within Nigeria except______
Answer:

Question QMC32 : The stages of monetary regulation are the following except_____
Answer:

Question QMC33 : __________is a term used for performing balance checks, account transactions, payments etc. via a mobile
Answer:

Question QMC34 : The sources of fund for Bank of Industry are all of the following except_______
Answer:

Question QMC35 : The basic principles of lending are the following except______
Answer:

Question QMC36 : The following are some of the components of the Nigerian Banking structure
Answer:

Question QMC37 : The main sources of funds to finance companies include all of the following except_______
Answer:

Question QMC38 : A cheque that has the drawer or subsequent endorser instruct that it is to be paid to a specific person or to his order without prohibiting further transfer by him is a _______cheque
Answer:

Question QMC39 : When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Answer:

Question QMC40 : The sources of funds of any Micro finance Bank operating in Nigeria shall come from all of the following except_______
Answer:

Question QMC41 : The sources of finance to The Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) are all of the following except______
Answer:

Question QMC42 : A bill of exchange can be endorsed in all of the following ways except_______
Answer:

Question QMC43 : ___________ specifies no endorsee but only signs it. Here the endorser simply signs his name on the back of the bill without specifying the endorsee
Answer:

Question QMC44 : __________ is a blank bill or a bill drawn in such a way that lack some material particulars like amount payable, date, etc.
Answer:

Question QMC45 : The bulk of a Bank's income comes from ________
Answer:

Question QMC46 : ________ is where a cheque bears across its face an addition of the name of a banker either with or without the words ‘not negotiable’.
Answer:

Question QMC47 : __________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.
Answer:

Question QMC48 : The establishment of the ______provided the base for a monetary type of economy in Nigeria
Answer:

Question QMC49 : Discount house business trades in and holds the following money market instruments except_________
Answer:

Question QMC50 : The following are some of the types of deposits available to a customer except_______
Answer: