This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 22 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Gives the bank the power to license and regulate money changing business in Malaysia A) Financial Service Act 2013. B) Money Service Business Act 2011. C) Central Bank of Malaysia Act 2009. D) Development Financial Institutions Act 2002. Show Answer Correct Answer: B) Money Service Business Act 2011. 2. Which is NOT a way to deposit money into your bank account A) At your bank branch / through bank ATM. B) Telepathy. C) Direct Deposit From Employer. D) Mobile App Deposit. Show Answer Correct Answer: B) Telepathy. 3. An investment bank helps ..... issue securities A) A Corporation. B) Government. C) Foreign governments. D) None of above. Show Answer Correct Answer: A) A Corporation. 4. The national savings certificate are issued by ..... A) State of of India. B) Reserve Bank of India. C) Postal bank of india. D) None of the above. Show Answer Correct Answer: C) Postal bank of india. 5. Every time Angela receives her paycheck, it comes with a list of information attached about where her money came from and other things such as tax deductions. The part of the check containing this information is a: A) Check Register. B) Check Number. C) Check Stub. D) Certified Check. Show Answer Correct Answer: C) Check Stub. 6. Written order for the bank to pay a specific amount to the person or organization to which the check is written. A) Check. B) Finance company. C) Investment bank. D) Deposit. Show Answer Correct Answer: A) Check. 7. What do you fill out when you want to put money in the bank? A) Deposit slip. B) Check. C) Form. D) Ticket. Show Answer Correct Answer: A) Deposit slip. 8. What is the amount of money required to be stay in an account? A) Minimum Balance. B) Minimum Deposit. C) Maximum Balance. D) Maximum Deposit. Show Answer Correct Answer: A) Minimum Balance. 9. What is it called to make the bank statement and the check register agree? A) Check. B) Contract. C) Reconcile. D) Review. Show Answer Correct Answer: C) Reconcile. 10. Which of the following is a nondepository intermediary? A) Commercial bank. B) Insurance company. C) Savings and loan association. D) Credit union. Show Answer Correct Answer: B) Insurance company. 11. Who created the first Central Bank in the US? A) President Washington. B) Thomas Jefferson. C) Andrew Jackson. D) Alexander Hamilton. Show Answer Correct Answer: D) Alexander Hamilton. 12. What is the goals of FSA? A) Maintain financial stability. B) Provide adequate consumer protection. C) Enhance growth in financial sector. D) All of above. Show Answer Correct Answer: D) All of above. 13. You can request the bank to automatically transfer money from ..... to checking to cover a check that has insufficient funds (but it will cost you) A) Overdraft. B) Credit. C) Savings. D) Loan. Show Answer Correct Answer: C) Savings. 14. Why do you think ratings are helpful to investors? A) They lower potential risk. B) They help investors judge potential risk. C) They improve the yield for investors. D) They raise potential risk. Show Answer Correct Answer: B) They help investors judge potential risk. 15. Which of the following is NOT a source of income for a bank? A) The interest earned by depositors. B) Loan income. C) Investments. D) Fees for services. Show Answer Correct Answer: A) The interest earned by depositors. 16. There are ..... Regional Federal Reserve Banks, and one Federal Reserve Board of Governors. A) 4. B) 50. C) 52. D) 12. Show Answer Correct Answer: D) 12. 17. How do financial institutions make most of their money? A) Loan Payments. B) Mutual Funds. C) Fees. D) Interest. Show Answer Correct Answer: D) Interest. 18. Number the bank gives you to keep track of your money A) Balance. B) Banking account. C) Bank. D) Application. Show Answer Correct Answer: B) Banking account. 19. Savings account, checking accounts, and certificates of deposit are examples of ..... A) Investment Advice. B) Payment Services. C) Savings Services. D) Loan Options. Show Answer Correct Answer: C) Savings Services. 20. On whose suggestion RBI was set up? A) Government of India. B) Charles John Canning. C) Hilton Young Commission. D) East India Company. Show Answer Correct Answer: C) Hilton Young Commission. 21. The main purpose of a consumer finance company is to A) Offer different types of savings plans. B) Offer interest-earning checking accounts. C) Make loans for durable goods. D) Provide home mortgages. Show Answer Correct Answer: C) Make loans for durable goods. 22. When your employer automatically deposits your paycheck into your bank account A) DEPOSIT. B) DIRECT DEPOSIT. C) PAYROLL CHECK. D) ATM. Show Answer Correct Answer: B) DIRECT DEPOSIT. 23. When you enter your PIN at an ATM you should always A) Shield your screen. B) Count your money at the machine to make sure it is accurate. C) Write it down on the deposit slip. D) Say it out loud. Show Answer Correct Answer: A) Shield your screen. 24. A check from a personal checking account that has been stamped by the bank to guarantee that there are sufficient funds in the account to cover it A) Certified checks. B) Money orders. C) Cashier's checks. D) Traveler's checks. Show Answer Correct Answer: A) Certified checks. 25. The United States is divided into ..... Federal Reserve districts, with a central Federal Reserve bank in each district. A) 12. B) 4. C) 24. D) 50. Show Answer Correct Answer: A) 12. 26. Companies that make loans based on an individual's Collateral; an item of value one owns like a car.Lenders can sell the collateral to cover the value of an outstanding loan if the borrower cannot repay. Charge high interest. A) Title / pawn lenders. B) Credit union. C) Pay day lender. D) Mortgage broker. Show Answer Correct Answer: A) Title / pawn lenders. 27. Current deposit is also known as ..... A) Savings deposit. B) Demand deposit. C) Time deposit. D) Recurring deposit. Show Answer Correct Answer: B) Demand deposit. 28. Card that you use to pay for items and the money comes out of your checking account. A) Statement. B) Endorse. C) Debit card. D) Overdrawn. Show Answer Correct Answer: C) Debit card. 29. Banks sell services such as A) Personal credit. B) Housewares. C) Paper goods. D) Checking accounts, savings accounts, loans and investments. Show Answer Correct Answer: D) Checking accounts, savings accounts, loans and investments. 30. When filling out her checkbook, Sarah writes down numbers for each individual check to be able to identify that particular check if she needs to. The numbers she writes down make up the: A) Check Number. B) ABA Number. C) ATM Card Number. D) Checking Account Number. Show Answer Correct Answer: A) Check Number. ← PreviousNext →Related QuizzesBanking QuizzesFinance 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 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books