Examkin

All practice questions

13931 questions

All types13,931Multiple choice7,139True / False771Numeric1,526Matching2,583Ordering631Fill in the blank1,223Short answer58
Question 11241Question →

Read the unseen dramatic extract below carefully:

KWAME: (Pacing slowly near the edge of the cliff, muttering under his breath)
The shadow grows longer than the tree that cast it, yet the village sleeps. If I strike now, they will call me a traitor; if I wait, a coward.

SERWAH: (Stepping out from behind a baobab tree, addressing the audience silently with a smirk)
He wrestles with his conscience while the crown is already forged in my mind.

KWAME: (Turning suddenly, startled)
Serwah! How long have you been standing there, listening to the night?

SERWAH: Long enough to know that a hesitating blade cuts nothing.

Match each dialogue excerpt or speech on the left with its corresponding dramatic device and character function on the right.

Click a left item, then click its matching right item

Items

KWAME: "The shadow grows longer than the tree that cast it, yet the village sleeps. If I strike now, they will call me a traitor; if I wait, a coward."
SERWAH: "(Stepping out... addressing the audience silently...) He wrestles with his conscience while the crown is already forged in my mind."
SERWAH: "Long enough to know that a hesitating blade cuts nothing."

Matches

Show answer & explanation

Answer

KWAME's opening monologue corresponds to a soliloquy revealing internal conflict; SERWAH's speech to the audience corresponds to an aside exposing hidden ambition; SERWAH's sharp reply corresponds to epigrammatic dialogue accentuating character contrast.
KWAME's speech illustrates a soliloquy because he voices his inner moral struggle aloud. SERWAH's speech is explicitly marked as addressing the audience, which makes it an aside exposing secret ambition. Her response utilizes concise, proverb-like wisdom (epigrammatic speech) to contrast her decisiveness with KWAME's indecision.

Step-by-Step Solution

1
Analyze KWAME's first speech
KWAME speaks his thoughts aloud to himself while pacing, debating whether to strike or wait.
A character articulating inner moral debate alone or unheard by others on stage demonstrates a soliloquy.
2
Analyze SERWAH's stage direction and speech in the second line
The stage direction explicitly notes she addresses the audience silently regarding KWAME's weakness.
A brief comment intended for the audience and concealed from other characters present is an aside.
3
Analyze SERWAH's brief response to KWAME
SERWAH delivers a short, proverb-like statement ('a hesitating blade cuts nothing').
Concise, aphoristic phrasing used in dialogue to highlight opposing attitudes forms epigrammatic dialogue.

Key Concept

Analysis of Dramatic Elements and Dialogue in Unseen Extracts
Question 11242Question →

A cocoa merchant in Akure entrusts a consignment of cocoa beans to an agent named Tola. Tola takes physical possession of the cocoa beans, sells them in his own name, and holds the authority to receive payment directly from buyers. However, Tola does not guarantee the solvency of the buyers or assume liability if a buyer defaults. Based on commercial law, which type of agent is Tola?

Show answer & explanation

Answer: Factor

Answer

Factor
A factor is a mercantile agent who is entrusted with the physical possession of goods with authority to sell them in their own name and receive payment. Because Tola holds possession of the cocoa beans, sells them under his own name, and collects funds without guaranteeing buyer payment, he fits the legal definition of a factor.

Step-by-Step Solution

1
Analyze the rights and authority granted to the agent in the scenario.
The agent has physical possession of the goods, sells in his own name, and collects payments.
Physical possession and selling under the agent's name are defining attributes of specific mercantile agent categories.
2
Evaluate the financial risk/guarantee element.
The agent does not guarantee buyer payment or solvency.
This rules out a del credere agent, who undertakes indemnity against default for extra commission.
3
Match the agent's characteristics with legal classifications.
An agent with possession selling in their own name without guaranteeing solvency is a factor.
A broker lacks possession, a del credere agent guarantees payment, and a universal agent has unrestricted general power.

Key Concept

Classification of Mercantile Agents under Commercial Law
Estimated Time:1m 0s
Question 11243Question →

Match each contractual scenario described below with the corresponding legal principle governing contract discharge, vitiating factors, or judicial remedies.

Click a left item, then click its matching right item

Items

A trader carries out every obligation precisely as stipulated in the contract.
A government ban passed after contract execution renders performance illegal.
A seller makes a false factual statement that induces a buyer to sign an agreement.
A court orders a defaulting seller to deliver a unique piece of land as agreed.

Matches

Show answer & explanation

Answer

The trader's precise performance matches Discharge by Performance; the government ban causing illegality matches Discharge by Frustration; the false factual statement matches Misrepresentation; and the court order to deliver land matches Specific Performance.
Each scenario exemplifies a core rule of contract law: complete execution leads to discharge by performance, subsequent illegality frustrates the contract, inducing false statements form misrepresentation, and judicial compulsion for unique performance constitutes specific performance.

Step-by-Step Solution

1
Analyze full compliance with terms.
Discharge by Performance.
Complete performance of contractual obligations releases parties from further liability.
2
Analyze supervening legal prohibition.
Discharge by Frustration.
An unforeseen post-contractual event beyond control rendering performance illegal frustrates the contract.
3
Identify the vitiating element of a false statement.
Misrepresentation.
A false representation of fact inducing entry into a contract vitiates true consent.
4
Determine the legal remedy enforced by court order.
Specific Performance.
Courts grant specific performance to compel execution of obligations when land or unique goods are involved.

Key Concept

Discharge, Vitiating Elements, and Remedies for Breach of Contract
Question 11244Question →

Read the unseen poem extract below:

"The silent sea wept tears of greyish mist,
And kissed the shore with cold, reluctant lips;
While twilight held the world in shadowed fist,
And swallowed whole the silhouettes of ships."

What dominant literary device is employed in the line "The silent sea wept tears of greyish mist"?

Show answer & explanation

Answer: Personification

Answer

Personification is the dominant literary device in the specified line.
The line endows the sea with human emotions and physical actions ('wept tears'), which is the defining characteristic of personification.

Step-by-Step Solution

1
Analyze the line for figurative language expressions.
Identified the human action of 'weeping tears' attributed to 'the silent sea'.
Determining whether human qualities are assigned to non-human objects or nature.
2
Match the identified figure of speech to standard literary definitions.
Giving human capabilities and emotions (weeping tears) to an inanimate entity (the sea) corresponds directly to personification.
Distinguishing personification from other figurative devices like metaphor or oxymoron.

Key Concept

Analysis of Figures of Speech and Literary Devices in Unseen Poetry
Estimated Time:1m 0s
Question 11245Question →

Match each specialized prose subgenre in Column A with its defining structural or thematic feature in Column B. Which of the following correctly pairs each prose subgenre with its description?

Click a left item, then click its matching right item

Items

Hagiography
Roman à clef
Stream-of-consciousness narrative
Parable

Matches

Show answer & explanation

Answer

Hagiography pairs with the idealized biography of a saint; Roman à clef pairs with a fictional narrative disguising real persons under fictitious names; Stream-of-consciousness narrative pairs with the continuous representation of internal character thoughts; and Parable pairs with a succinct moral story featuring human characters.
Each prose form is correctly matched to its defining characteristic: Hagiography refers to saintly biographies; Roman à clef portrays real people behind fictional names; Stream-of-consciousness renders uninterrupted interior thoughts; and Parable provides moral instruction through human situations.

Step-by-Step Solution

1
Analyze Hagiography
Identify that 'Hagiography' originates from religious biography.
It specifically refers to an idealized biographical text recording the life of a saint or venerated religious figure.
2
Analyze Roman à clef
Recognize the literary term translating to 'novel with a key'.
It describes a novel that presents real public figures and contemporary events disguised behind fictional names.
3
Analyze Stream-of-consciousness narrative
Identify the psychological narrative mode.
It captures the continuous, unfiltered flow of internal thoughts and sensory perceptions of a character.
4
Analyze Parable
Differentiate parable from other short prose forms like fables.
Parables utilize human characters in realistic settings to illustrate moral or spiritual principles.

Key Concept

Classification and Defining Traits of Prose Genres and Subgenres
Estimated Time:1m 30s
Question 11246Question →

In agricultural commodity trading, a merchant wholesaler performs specialized functions that bridge primary production and retail distribution. Arrange the following operational steps in correct chronological order, starting from the wholesaler's initial upstream transaction with producers to the final downstream feedback stage.

Drag items to arrange them in the correct order

Show answer & explanation

Answer

The correct operational sequence begins with advancing liquidity to producers through forward purchases, followed by warehousing, grading, and risk absorption, then breaking bulk and extending credit to retailers, and concludes with aggregating retail sales trends and feeding market intelligence back to producers.
The correct order follows the physical, financial, and informational flow of wholesale operations. Wholesalers first provide capital to manufacturers (advancing liquidity), then accept title/possession to store and grade the goods, followed by distributing smaller quantities on credit to retailers, and lastly transmitting market intelligence back to producers based on observed retail sales.

Step-by-Step Solution

1
Identify the initial upstream interaction with manufacturers/producers.
Advancing liquidity via forward purchases is the earliest stage, supplying working capital to secure production.
Wholesalers fund producers before goods enter the physical distribution network.
2
Determine the intermediary storage and sorting phase.
Warehousing stock, grading items, and absorbing holding risks naturally follow bulk procurement.
Goods must be processed into marketable standardized grades and safely stored before redistribution.
3
Identify the downstream transaction stage with retailers.
Breaking bulk into smaller quantities and providing credit terms to retailers happens during active sales distribution.
Retailers require smaller quantities and trade credit to manage their cash flow.
4
Determine the post-sale information feedback loop.
Aggregating consumer demand signals and conveying market intelligence back to producers is the final operational stage.
Market research feedback relies on observing actual retail consumption patterns after goods have been distributed.

Key Concept

Sequential Operational Functions of Wholesalers in Distribution Channels
Estimated Time:3m 0s
Question 11247Question →

A wholesale merchant in Kano sells goods worth ₦2,000,000 on credit to a buyer and receives an accepted 90-day trade bill. Needing immediate cash to restock inventory before the maturity date, the merchant presents the accepted document to his commercial bank to receive immediate cash at a sum less than its face value. Which banking service to trade is the merchant utilizing?

Show answer & explanation

Answer: Discounting a bill of exchange

Answer

Discounting a bill of exchange
Discounting a bill of exchange is the banking service where a commercial bank advances cash to a customer on an accepted bill of exchange before its payment due date, deducting a small fee known as discount. This provides the merchant with immediate working capital without waiting for the credit period to elapse.

Step-by-Step Solution

1
Analyze the financial transaction described in the scenario.
The merchant holds a 90-day accepted bill of exchange for ₦2,000,000 and needs immediate working capital before the maturity date.
Identifying the financial instrument (trade bill) and the merchant's financial need (immediate cash before maturity) defines the relevant commercial banking service.
2
Evaluate the commercial bank service that converts unexpired trade bills into cash.
The commercial bank purchases the accepted bill from the holder at less than its face value (deducting interest/discount charges) and collects the full amount from the debtor at maturity.
This specific process is known as discounting a bill of exchange.

Key Concept

Discounting Bills of Exchange
Estimated Time:1m 0s
Question 11248Question →

In commercial trade, multiple shops (chain stores) achieve operational economies of scale by centralizing purchasing and administrative management while decentralizing retail outlets across diverse geographical locations, whereas department stores concentrate their wide variety of merchandise departments, management, and retail sales within a single large physical location.

Show answer & explanation

Answer: True

Answer

The statement is TRUE. Multiple shops decentralize retail selling through multiple branch outlets while maintaining centralized buying and administrative control. In contrast, department stores centralize sales, management, and diverse merchandise lines under a single roof.
The statement accurately depicts the primary structural difference between multiple shops (chain stores) and department stores in large-scale retailing. Multiple shops utilize centralized buying and unified policy control across dispersed branch outlets specializing in similar product lines, whereas department stores offer a wide assortment of merchandise separated into departments under a single roof.

Step-by-Step Solution

1
Analyze the operational and geographical structure of multiple shops (chain stores).
Multiple shops feature centralized management and purchasing combined with geographically decentralized branch outlets that sell standardized goods.
To verify if decentralization of sales outlets with centralized buying correctly characterizes chain store operations.
2
Analyze the structural organization of department stores.
Department stores organize extensive lines of consumer goods into distinct departments housed within one large building at a primary commercial location.
To contrast the single-building multi-department model of department stores with the multi-location branch model of chain stores.
3
Compare both retail models to determine statement validity.
The statement accurately presents the essential structural distinction between the decentralized branch selling of chain stores and the single-roof concentration of department stores.
To ensure there is no conceptual overlap or distortion in describing large-scale retailing formats.

Key Concept

Structural and Operational Differences Between Department Stores and Multiple Shops
Question 11249Question →

Read the prose extract below carefully:

"In the quiet halls of the provincial ministry, Clara spent twenty years filing land titles that documented the steady displacement of smallholder farmers by expanding timber conglomerates. Though her superiors praised her meticulous record-keeping, she secretly archived duplicate copies of forged deeds in a hidden ledger, hoping a future commission might uncover the truth. Yet, when the ministry was dissolved and the records ordered to be incinerated, Clara walked away with her pension, realizing that her silent documentation had altered nothing and only comforted her own conscience."

Which of the following central themes is most prominently explored in the extract above?

Show answer & explanation

Answer: The futility of passive resistance against systemic injustice

Answer

The futility of passive resistance against systemic injustice
The passage illustrates that Clara's decision to quietly archive evidence without taking direct action ultimately changed nothing, leaving the systemic exploitation intact and demonstrating the futility of passive resistance.

Step-by-Step Solution

1
Analyze Clara's actions and motivation in the text.
Clara secretly documents forged deeds for decades in the belief that passive record-keeping will eventually expose corruption.
Character actions establish the nature of the moral effort being examined.
2
Evaluate the resolution of the narrative.
The ministry closes, evidence is incinerated, and Clara admits her actions 'altered nothing'.
The resolution reveals the thematic outcome of her silent opposition.
3
Synthesize the resolution into a broader thematic statement.
Silent compliance combined with private documentation is insufficient to disrupt institutional injustice.
This synthesis matches the theme of passive resistance being futile against entrenched systems.

Key Concept

Themes and Thematic Interpretation in Prose
Question 11250Question →

In Ousmane Sembène's prescribed novel *God's Bits of Wood*, which character mobilizes and leads the women on their historic march from Thiès to Dakar to support the striking railway workers?

Show answer & explanation

Answer: Penda

Answer

Penda is the character who mobilizes and leads the women on their historic march from Thiès to Dakar.
In *God's Bits of Wood*, Penda demonstrates remarkable growth and leadership by organizing the women of Thiès to march over fifty kilometers to Dakar. Her organizing efforts turn the women into a vital political force in support of the striking men.

Step-by-Step Solution

1
Identify the key narrative event referenced in the prompt.
The event is the long, arduous march undertaken by women from Thiès to Dakar to support the railway workers' strike in Ousmane Sembène's *God's Bits of Wood*.
Recognizing the specific plot context allows for accurate character attribution.
2
Analyze the roles of the major female characters during the strike.
Penda accepts the responsibility of organizing the women, keeping discipline during the trek, and leading them into Dakar where she is ultimately shot.
Distinguishing individual character contributions prevents misattribution of key actions.

Key Concept

Character Roles and Structural Development in Prescribed African Prose
Estimated Time:1m 0s
Question 11251Question →

A produce merchant in Kano consigned 500 bags of groundnuts to a commercial agent in Lagos, granting him physical possession of the goods to sell in his own name. To protect against potential buyer defaults, the merchant agreed to pay the agent an extra commission in return for the agent personally guaranteeing the solvency of all credit buyers. What legal classification best describes this agent, and what is the nature of his liability to the principal?

Show answer & explanation

Answer: He is a del credere agent acting as a factor, personally liable to pay the principal if a credit buyer defaults.

Answer

The agent is a del credere agent acting as a factor, making him personally liable to pay the principal if a buyer defaults.
The description combines two distinct agent attributes: having physical possession of goods to sell in his own name (defining a factor) and receiving a special additional commission to guarantee payment by buyers (defining a del credere agent). Thus, if a buyer fails to pay, the del credere factor must pay the principal.

Step-by-Step Solution

1
Analyze the agent's possession of goods and authority to sell.
Since the agent was given physical possession of the groundnuts to sell in his own name, he operates as a factor (mercantile agent).
A factor is a mercantile agent entrusted with the possession and control of goods with authority to sell them in his own name.
2
Analyze the financial guarantee and extra commission arrangement.
The agreement to receive an additional commission in return for guaranteeing buyer solvency creates a del credere agency.
A del credere agent assumes extra financial responsibility by guaranteeing that credit buyers will pay for goods purchased, in exchange for a del credere commission.
3
Determine the legal liability resulting from this classification.
If a credit buyer defaults on payment, the del credere agent becomes personally liable to compensate the principal.
The core legal obligation of a del credere agent is to act as a surety for the buyer's solvency to protect the principal against bad debts.

Key Concept

Types of Mercantile Agents: Factor and Del Credere Agent
Estimated Time:1m 30s
Question 11252Question →

In John Osborne's prescribed Non-African drama, *Look Back in Anger*, Jimmy Porter's passionate speech in Act I demanding 'a little ordinary human enthusiasm' primarily highlights which of the following thematic conflicts?

Show answer & explanation

Answer: The deep emotional and ideological rift between post-war youth vitality and middle-class apathy

Answer

The statement highlighting the deep emotional and ideological rift between post-war youth vitality and middle-class apathy correctly identifies the central conflict.
In *Look Back in Anger*, Jimmy Porter symbolizes the discontent of post-World War II British working-class youth. His passionate plea for 'ordinary human enthusiasm' expresses his intense disgust with the passive, unfeeling apathy of the established middle class, embodied by his wife Alison. This ideological and emotional clash forms the dramatic spine of the play.

Step-by-Step Solution

1
Analyze the speaker's emotional state and dramatic context in Act I of Look Back in Anger.
Jimmy Porter expresses acute frustration at the lack of passion, conviction, and vitality in his domestic environment.
Understanding the character's motivation requires connecting his personal anger to the broader socio-historical context of the play.
2
Evaluate the thematic resonance of Jimmy's call for 'enthusiasm'.
Jimmy represents the disillusioned post-war working-class youth rebelling against the stagnant, complacent values of the traditional British class system.
Osborne uses Jimmy's rants as a vehicle to critique mid-20th-century social complacency and emotional numbness.
3
Select the option that accurately captures this core socio-cultural conflict.
The option emphasizing post-war youth vitality versus middle-class apathy correctly articulates the central theme.
It directly reflects the key ideological conflict of kitchen-sink realism.

Key Concept

Socio-political thematic conflict in post-war Non-African realistic drama
Question 11253Question →

An agricultural export merchant based in Nigeria needs to ship 10,000 metric tons of bulk sesame seeds to a single buyer in Rotterdam. The shipment requires flexible sailing dates, customized negotiable freight rates, and an entire vessel chartered specifically for this cargo without adhering to fixed trade routes or published tariffs. Which ocean transport arrangement is most appropriate for this trade transaction?

Show answer & explanation

Answer: Tramp shipping

Answer

Tramp shipping is the correct choice because tramp vessels operate without fixed schedules or fixed routes, making them ideal for carrying bulk cargo under customized charter terms and negotiable freight rates.
Tramp shipping refers to sea transport vessels that do not run on fixed schedules, published timetables, or fixed routes. They are hired on a charter basis (voyage or time charter) to carry bulk cargoes under customized, negotiable freight charges, which perfectly suits the merchant's requirement of exporting 10,000 metric tons of bulk agricultural produce on flexible terms.

Step-by-Step Solution

1
Analyze cargo and operational requirements
Cargo is a large bulk shipment (10,000 metric tons) needing flexible schedules, customized chartering, and negotiable freight rates.
Different shipping operations serve different commercial needs based on cargo volume, schedule predictability, and route flexibility.
2
Evaluate ocean transport operating modes
Tramp steamers operate on demand without fixed itineraries or published rates, whereas liner shipping operates on strict schedules, fixed routes, and fixed tariffs.
Matching cargo characteristics to ocean shipping arrangements ensures cost efficiency and fulfillment of contract conditions.
3
Conclude correct shipping mode
Tramp shipping provides the chartered bulk capacity and negotiable rate structure specified in the scenario.
Tramp shipping fulfills all specific criteria set out in the stem.

Key Concept

Operational Differences Between Tramp and Liner Shipping
Estimated Time:1m 30s
Question 11254Question →

A Public Limited Company (PLC) is legally permitted to invite members of the general public to subscribe to its shares and debentures.

Show answer & explanation

Answer: True

Answer

True. Public Limited Companies are legally empowered to offer their shares and debentures to the general public to raise capital.
Public Limited Companies have the legal right to invite the general public to purchase their securities (shares and debentures) to generate broad investment capital.

Step-by-Step Solution

1
Analyze the statutory characteristics of a Public Limited Company regarding capital acquisition.
Public Limited Companies are designed to raise large-scale corporate capital.
Capital requirement differences distinguish public companies from private business units.
2
Compare public invitation rights between private and public limited companies.
Unlike Private Limited Companies which are legally prohibited from inviting the public, Public Limited Companies are explicitly permitted to issue a prospectus and invite public subscription for securities.
To evaluate whether the given statement is true or false.

Key Concept

Characteristics of Public Limited Companies: Public Capital Raising
Question 11255Question →

When a manufacturing enterprise distributes goods directly to retail stores rather than going through the traditional multi-tier distribution network, which intermediary is bypassed?

Show answer & explanation

Answer: The wholesaler

Answer

The wholesaler is bypassed when goods move directly from the manufacturer to retail stores.
In commercial trade, the conventional channel of distribution follows the sequence: Producer → Wholesaler → Retailer → Consumer. When a manufacturer distributes products directly to retail chain outlets, the wholesale stage is bypassed.

Step-by-Step Solution

1
Identify the standard traditional channel of distribution.
The standard sequence consists of Producer → Wholesaler → Retailer → Consumer.
This establishes the baseline path involving all primary mercantile intermediaries.
2
Compare the given channel with the standard channel.
The modified channel shown in the scenario is Producer → Retailer → Consumer.
By distributing directly to retailers, the step connecting the producer to the wholesaler is omitted.
3
Determine which middleman was removed.
The wholesaler has been eliminated from the channel.
The wholesaler normally sits between the producer and the retailer.

Key Concept

Channels of Distribution - Intermediary Elimination
Question 11256Question →

A large-scale retail enterprise expands its operational capacity and negotiates significant bulk purchase discounts directly from manufacturers, thereby reducing its average cost per unit of inventory sold. Which economic concept best explains the cost advantage achieved by this retail firm?

Show answer & explanation

Answer: Internal economies of scale

Answer

Internal economies of scale best explain the cost advantage achieved by the retail firm.
The correct answer identifies internal economies of scale because the reduction in average costs stems directly from the individual retail firm's own growth, increased buying capacity, and ability to command bulk discounts from manufacturers.

Step-by-Step Solution

1
Analyze the retail scenario presented in the stem.
The scenario highlights a single large-scale retail enterprise expanding its operations and securing purchasing discounts directly through bulk ordering from manufacturers.
Identifying the source of cost reduction helps distinguish between internal firm-level advantages and external industry-wide factors.
2
Differentiate between internal and external economies of scale in retailing.
Internal economies arise from factors within the control of the specific firm (such as purchasing economies, managerial efficiencies, and financial scale), whereas external economies stem from industrial growth outside the individual firm.
Since the bulk buying power belongs specifically to this individual firm's scale of operation, it represents an internal economy of scale.

Key Concept

Internal economies of scale in large-scale retailing
Estimated Time:1m 0s
Question 11257Question →

Under a commercial banking system with a mandatory Cash Reserve Ratio of 12.5%12.5\%, a customer makes a new cash deposit of N800,000\text{N}800,000. Assuming there are no cash leakages in the economy, what is the maximum amount of derivative deposits (credit created) that the banking system can generate?

Show answer & explanation

Answer: N5,600,000\text{N}5,600,000

Answer

N5,600,000\text{N}5,600,000
The total deposit expansion is given by dividing the initial deposit by the Cash Reserve Ratio (12.5%12.5\% or 0.1250.125), which yields N6,400,000\text{N}6,400,000. To determine net derivative credit created by commercial banks, the initial cash deposit (N800,000\text{N}800,000) must be subtracted from total deposit expansion, resulting in N5,600,000\text{N}5,600,000.

Step-by-Step Solution

1
Calculate the credit multiplier using the Cash Reserve Ratio (CRR).
Multiplier = 1CRR=10.125=8\frac{1}{\text{CRR}} = \frac{1}{0.125} = 8.
The credit multiplier determines the degree to which initial deposits expand total money supply.
2
Calculate total deposit expansion across the banking system.
Total Deposit Expansion = Initial Deposit ×\times Multiplier = N800,000×8=N6,400,000\text{N}800,000 \times 8 = \text{N}6,400,000.
Total deposits reflect the combination of primary initial cash deposits and subsequent derivative bank loans.
3
Calculate the derivative credit created (net credit expansion).
Derivative Credit Created = Total Deposit Expansion - Initial Deposit = N6,400,000−N800,000=N5,600,000\text{N}6,400,000 - \text{N}800,000 = \text{N}5,600,000.
Derivative deposits represent the secondary deposits created purely through bank lending.

Key Concept

Derivative Deposits and Credit Multiplier
Question 11258Question →

Match each commercial banking service listed on the left with its correct functional description on the right.

Click a left item, then click its matching right item

Items

Overdraft facility
Standing order
Bank draft
Night safe facility

Matches

Show answer & explanation

Answer

Overdraft facility pairs with the credit arrangement allowing current account holders to draw beyond their balance up to a set limit. Standing order pairs with an instruction to pay a fixed amount regularly on specified dates. Bank draft pairs with a payment instrument drawn by a bank on itself guaranteeing payment. Night safe facility pairs with a secure deposit service for lodging funds after normal operating hours.
Each banking service fulfills a specific commercial need: an overdraft facility provides flexible short-term borrowing for current account holders; a standing order automates regular fixed-amount disbursements; a bank draft acts as a risk-free payment instrument drawn on the bank; and a night safe facility provides safe cash lodgement outside normal operating hours.

Step-by-Step Solution

1
Identify short-term credit facilities extended to current account holders.
Overdraft facility allows temporary borrowing above available account funds up to an agreed ceiling.
Commercial banks offer overdrafts exclusively to current account holders needing immediate short-term credit.
2
Distinguish between automated customer payment instructions.
A standing order specifies a fixed amount paid regularly on fixed calendar dates.
Standing orders are standing customer mandates for predictable recurring payments.
3
Identify guaranteed bank payment instruments.
A bank draft is a bank's own cheque drawn against its own funds for secure merchant settlement.
Bank drafts eliminate dishonour risk because the customer pays the bank upfront before issuance.
4
Recognize after-hours business deposit services.
Night safe facility provides secure cash deposit options past operating hours.
Traders generating late evening sales require safe cash lodgement before the bank opens next day.

Key Concept

Commercial Bank Services and Payment Facilities
Question 11259Question →

Match each of the following poetic excerpts on the left with the dominant tone or persona it demonstrates on the right.

Click a left item, then click its matching right item

Items

I walked through the ash of burnt memories, / counting the teeth of a broken comb / left in the scorched courtyard.
O grand river of ancient song, / flow on in eternal majesty through our veins!
The bureaucrat counts his stamp collection / while the roof collapses on his mother's bed.

Matches

Show answer & explanation

Answer

Excerpt 1 pairs with the elegiac and sorrowful persona; Excerpt 2 pairs with the exalted and reverent tone of praise; Excerpt 3 pairs with the satirical and ironic tone mocking indifference.
Each excerpt relies on specific stylistic choices: the first uses mournful imagery of ruin to create an elegiac persona; the second uses elevated apostrophe to express an exalted tone of praise; and the third uses incongruous juxtaposition to establish a satirical tone.

Step-by-Step Solution

1
Analyze Excerpt 1 for diction and imagery
Diction such as 'ash', 'burnt memories', and 'scorched courtyard' conveys tragedy and lamentation.
Imagery focused on ruins and destruction signals an elegiac, sorrowful persona.
2
Examine Excerpt 2 for poetic devices and vocal attitude
The use of exclamatory apostrophe and words like 'grand' and 'majesty' elevates the subject.
High-sounding praise addressed directly to a natural entity indicates an exalted and reverent tone.
3
Evaluate Excerpt 3 for structural contrast and perspective
Juxtaposing a minor hobby with a collapsing roof creates a humorous yet critical incongruity.
Using absurd incongruity to critique callousness is the hallmark of a satirical, ironic tone.

Key Concept

Identifying Tone, Mood, and Persona through Poetic Diction and Imagery
Estimated Time:1m 30s
Question 11260Question →

Match each poetic extract on the left with the predominant sound device it demonstrates on the right.

Click a left item, then click its matching right item

Items

"The silken soft whisper of secretive streams"
"The bees hummed while the kettle bubbled on the stove"
"The night was bright with twinkling light above"
"Deep sleep keeps the peaceful meadow still"

Matches

Show answer & explanation

Answer

"The silken soft whisper..." matches Sibilance; "The bees hummed..." matches Onomatopoeia; "The night was bright..." matches Internal Rhyme; "Deep sleep keeps..." matches Assonance.
Each extract uniquely demonstrates a specific musical device: soft 's' sounds indicate sibilance; echoic words like 'hummed' indicate onomatopoeia; rhyming words within a line create internal rhyme; and repeated long vowel sounds form assonance.

Step-by-Step Solution

1
Analyze the first extract for prominent phonetic patterns
Identified repeated soft fricative 's' sounds across words, indicating sibilance.
Sibilance relies specifically on recurring 's', 'z', or 'sh' sounds.
2
Examine the second extract for sound-echoing diction
Words like 'hummed' and 'bubbled' mimic real-life noises, defining onomatopoeia.
Onomatopoeia occurs when word sounds phonetically resemble their real-world actions.
3
Check the third extract for mid-line rhyming units
The words 'night', 'bright', and 'light' rhyme within the same line, confirming internal rhyme.
Internal rhyme features rhyming words located inside a line rather than solely at end positions.
4
Inspect the fourth extract for recurring vowel sounds
The long /iː/ vowel recurs in 'Deep', 'sleep', 'keeps', and 'peaceful', revealing assonance.
Assonance is the repetition of identical or similar vowel sounds in nearby stressed syllables.

Key Concept

Identification of auditory techniques and musical sound devices in poetry
PreviousPage 563 / 697Next
All practice questions — JAMB UTME | Examkin