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4061

The practice by which insurance companies share risks with other insurance companies is 

  • A. contribution
  • B. re-insurance
  • C. insurance
  • D. underwriting
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4062

One of the functions of the ports authority is

  • A. checking the activities of smugglers.
  • B. collecting import duties
  • C. enforcing law and order in harbours
  • D. providing warehousing services.
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4063

Which of the following means of payment requires acceptance by the debtor to make it valuable? 

  • A. Bearer's cheque
  • B. Bill of exchange
  • C. Postal order
  • D. Promissory note
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4064

The purpose for which the Central Bank sells securities is to 

  • A. reduce the interest rate
  • B. reduce cash in the economy
  • C. increase cash in the economy
  • D. incrcase the interest rate
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4065

The amount a current account holder is allowed to withdraw in excess of the balance in his account is _______

  • A. standing order
  • B. overdraft
  • C. interest
  • D. credit transfer
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts