WorksheetsQuiz on Financial Institutions- Banking and Non-Banking
Total questions: 14
Worksheet time: 7mins
Which of the following is a type of banking financial institution?
Investment Company
Commercial Bank
Insurance Company
Pension Fund
What is the primary role of financial institutions?
To regulate the stock market
To create money
To provide financial services
To manage government funds
What do savings banks primarily focus on?
Providing loans
Investing in stocks
Collecting savings
Offering insurance
What is the apex bank in Nigeria?
Leadway Assurance
First Bank of Nigeria
Central Bank of Nigeria
Nigerian Investment Bank
Which of the following is NOT a feature of banking institutions?
Accepting deposits
Payment and settlement services
Offering insurance
Providing loans
What type of financial institution provides risk management?
Pension Funds
Savings Banks
Insurance Companies
Commercial Banks
What do investment companies do?
Provide loans to individuals
Pool funds to invest in securities
Manage retirement funds
Offer insurance policies
What do financial institutions enhance through their operations?
Tax collection
Foreign investment
Capital formation
Government spending
Which function of financial institutions involves mobilizing savings?
Risk management
Advisory services
Capital formation
Investment facilitation
How do financial institutions support economic development?
By investing in foreign markets
By managing government funds
By providing loans for businesses
By regulating the economy
What is one of the functions of non-banking financial institutions?
Providing loans
Accepting deposits
Creating credit
Managing retirement funds
Which of the following is a characteristic of commercial banks?
They only invest in stocks
They do not accept deposits
They provide loans and other financial services
They only accept savings
What is the role of pension funds?
To facilitate trade
To provide loans
To manage retirement funds
To insure against losses
Which of the following is a benefit of financial institutions?
They eliminate all risks
They stabilize the economy
They control inflation
They create money
