Banking Quiz: Trivia Exam! Ultimate Questions
(153).jpg "Banking Quiz: Trivia Exam! Ultimate Questions")
Below are some Banking quiz trivia exam ultimate questions. One of the safest places to put your money instead of carrying cash everywhere is the bank. There exists different account which a person may opt to put their money and each of them has their own allure. Do you know the different between a debit and credit-card or different types of loans available to someone? Take up the questions and see how informed you are on banks.
- 1.Which banks do not accept deposits?
- A.
Commercial banks
- B.
Retail Banks
- C.
Investment banks
- D.
None of the above
- 2.What is the average rate on savings accounts?
- A.
5 percent
- B.
1-3 percent
- C.
0.5 percent
- D.
10 percent
- 3.A credit report is
- A.
A list of your financial assets and liabilities
- B.
Your monthly credit-card statement
- C.
A loan and bill payment history
- D.
Your credit line with your financial institution
- 4.Which type of account offers the highest returns?
- A.
A savings account
- B.
Basic account
- C.
A money market account
- D.
All of the above
- 5.Which of the following is NOT a commonly used term in the context of Banking?
- A.
Investment banking
- B.
Corporate banking
- C.
Retail banking
- D.
Social banking
- 6.Which of the following maybe the reason for returning a check?
- A.
All of the listed options
- B.
Insufficient funds
- C.
Improper Details
- D.
Signature not clear
- 7.Retail Banking means
- A.
Whole sale Banking
- B.
Banking for Individuals
- C.
Banking for Corporates
- D.
Retail Outlets
- 8.What is a mutual fund?
- A.
A pool of funds used to purchase securities on behalf of investors
- B.
All of the listed options
- C.
A portfolio of stocks, bonds and other securities
- D.
A collective investment vehicle
- 9.What is the central bank in the United States called?
- A.
Federal Reserve
- B.
Federal Reserve Board
- C.
Reserve Bank of America
- D.
Bank of America
- 10.Which of the following is not a secured loan?
- A.
Equity Loans
- B.
Secured Loans with Savings
- C.
Equity Lines of Credit
- D.
Personal Loans
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