by Sunday | Sep 27 | NABTEB QUESTIONS
Functions of the central bank of Nigeria: (i) Issuing of currency: It is the only authority empowered to issue coins and currency notes in the country. It also circulates them through other banks. (ii) The government’s bank: It is responsible for the banking of the...
by Sunday | Sep 27 | NABTEB QUESTIONS
Factors to be considered by banks before granting credits to customers are: (i) The type of account the customer operates (ii) The amount involved. (iii) The past financial dealings of the customer with the bank (iv) The purpose for which the loan will be used (v) The...
by Sunday | Sep 27 | NABTEB QUESTIONS
Insurance policies that a large departmental shop owner may take are: (i) Motor vehicle insurance:- To avoid careless driving, protect road users, accident, damage, loss etc of motor vehicles. It could be third party or comprehensive policy. (ii) Fire insurance:- To...
by Sunday | Sep 27 | NABTEB QUESTIONS
Reasons, why a life insurance policy may be taken, are: (i) As a provision for the dependence for the assured (ii) In order to obtain lump sum after retirement (iii) As a protection for old age (iv) As part of people’s investment if it is with interest (v) As security...
by Sunday | Sep 27 | NABTEB QUESTIONS
Advantages of using courier service: (i) Courier service provides safe and fast delivery of mails and parcels (ii) Courier services are reliable (iii) To avoid misconduct and mishandling, courier services send their personnel to the client to collect the mail or...
by Sunday | Sep 27 | NABTEB QUESTIONS
Services which NIPOST renders to the public are: (i) Mail post: First class and second class mail including air mail services (ii) Parcel post: Parcels are handled in the NIPOST (iii) Business reply service or Free post: The addressee is able to send reply without...