Banking & Insurance Quiz

Banking & Insurance Quiz

University

35 Qs

quiz-placeholder

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Banking & Insurance Quiz

Banking & Insurance Quiz

Assessment

Quiz

Other

University

Medium

Created by

Komal Komal

Used 1+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank primarily deals with individual customers and small businesses? 

A) Central Bank

B) Commercial Bank

C) Investment Bank

D) Cooperative Bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of a Central Bank?

A) To provide loans to individuals

B) To regulate the country's monetary policy

C) To offer checking accounts

D) To insure deposits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of account typically earns interest and allows limited withdrawals?

A) Checking Account

B) Savings Account

C) Fixed Deposit Account

D) Current Account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for money that a bank must keep on hand and not lend out?

A) Reserve Requirement

B) Capital Ratio

C) Liquidity Ratio

D) Asset Ratio

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of bank?

A) Commercial Bank

B) Investment Bank

C) Insurance Bank

D) Cooperative Bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a current account primarily used for?

A) Saving money for future use

B) Daily transactions and business activities

C) Long-term investment

D) High-interest savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an important role of banks in the economy?

A) To create money

B) To print currency

C) To regulate stock markets

D) To collect taxes

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