This quiz works best with JavaScript enabled. Home > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 32 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Amirah is going to college and will not be able to visit her home bank very often. She needs a way to access her money and track what she spends. A) Personal loan. B) Debit card. C) Online banking. D) None of above. Show Answer Correct Answer: C) Online banking. 2. What is a deposit that does NOT appear on the bank statement called? A) Outstanding deposit. B) Bad deposit. C) Good deposit. D) Cleared deposit. Show Answer Correct Answer: A) Outstanding deposit. 3. Which of the following is NOT a way banks decide on how creditworthy a customer is? A) A job. B) Ongoing income source. C) Sufficient collateral for loans. D) Good credit rating. Show Answer Correct Answer: A) A job. 4. Anything of value A) Asset. B) Equity. C) Profit. D) Spread. Show Answer Correct Answer: A) Asset. 5. Axis Bank is ..... A) Private Bank. B) Public sector bank. C) Cooperative Bank. D) Development Bank. Show Answer Correct Answer: A) Private Bank. 6. A check written for an amount greater than the balance of the account A) Overdraft. B) Overspend. C) Fraud. D) None of above. Show Answer Correct Answer: A) Overdraft. 7. What type of bond would a city issue to repair a bridge? A) Municipal. B) Corporate. C) Junk. D) Treasury. Show Answer Correct Answer: A) Municipal. 8. What is a Check Cashing Fee? A) A monthly bill for writing checks. B) Money charged for using an ATM. C) An amount charged to individuals in order to cash a check. D) Money withdrawn for writing a check. Show Answer Correct Answer: C) An amount charged to individuals in order to cash a check. 9. What fee would you be charged by a bank or credit union if you write a check and do not have enough funds to cover it? A) Insufficient funds fee. B) Stop payment fee. C) Check fee. D) Point-of-Sales fee. Show Answer Correct Answer: A) Insufficient funds fee. 10. A Not for Profit depository institution that is owned by members. Only members can open accounts, you must meet certain membership requirements to join. Generally higher savings rates and lower fees A) Bank. B) Credit Union. C) Payday Lender. D) Check Cashing Company. Show Answer Correct Answer: B) Credit Union. 11. Non profit service cooperative that accepts deposits, makes loans, and provides other financial services A) Credit union. B) Corporation. C) Stock. D) None of above. Show Answer Correct Answer: A) Credit union. 12. State bank of india started merchant banking in ..... followed by icici in ..... A) 1980, 1981. B) 1978, 1980. C) 1973, 1974. D) None of above. Show Answer Correct Answer: C) 1973, 1974. 13. This month, costs for SafeCo Bank were $ 750, 000; the bank collected $ 970, 000 in revenue. Find the bank's profit for the month. A) Not enough information to calculate. B) $ 970, 000. C) $ 1, 720, 000. D) $ 220, 000. Show Answer Correct Answer: D) $ 220, 000. 14. All money in financial institutions insured by FDIC is insured for up to which amount? A) 100, 000. B) 10, 000. C) 250, 000. D) 25, 000. Show Answer Correct Answer: C) 250, 000. 15. Fee for writing a check for "bouncing a check" (writing it for more money than is in your account) A) Nonsufficient Funds Fee. B) Withdraw Fee. C) Service Fee. D) ATM Fee. Show Answer Correct Answer: A) Nonsufficient Funds Fee. 16. Which of the following is NOT true of a cashier's check? A) It is written to a specific payee. B) It is drawn against the bank, not the individual's account. C) It is paid for when the recipient cashes it. D) It is often accepted when a personal check would not be. Show Answer Correct Answer: C) It is paid for when the recipient cashes it. 17. Which is the following NOT the islamic banking products? A) Al ijarah. B) Al murabahah. C) Bai'Bithaman Ajil. D) Ar-Rahnu. Show Answer Correct Answer: D) Ar-Rahnu. 18. OTCEI not Popular with investors because A) Lack of floating stock. B) No arbitrage opportunity. C) No opportunity for jobbing. D) Network issues. E) All the above. Show Answer Correct Answer: E) All the above. 19. Gives the bank the power to license and regulate money changing business in Malaysia A) Central Bank of Malaysia Act 2009. B) Financial Service Act 2013. C) Money Service Business Act 2011. D) Development Financial Institutions Act 2002. Show Answer Correct Answer: C) Money Service Business Act 2011. 20. Which is NOT a way to deposit money into your bank account A) At your bank branch / through bank ATM. B) Direct Deposit From Employer. C) Mobile App Deposit. D) Telepathy. Show Answer Correct Answer: D) Telepathy. ← PreviousNext →Related QuizzesBanking QuizzesBanking And Financial Institutions Quiz 1Banking And Financial Institutions Quiz 2Banking And Financial Institutions Quiz 3Banking And Financial Institutions Quiz 4Banking And Financial Institutions Quiz 5Banking And Financial Institutions Quiz 6Banking And Financial Institutions Quiz 7Banking And Financial Institutions Quiz 8Banking And Financial Institutions Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books