This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 4 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A request for a financial institution to refuse to honor a check you wrote or a check that has been lost or stolen, as long as the check has not cleared your account and already been paid A) Stop-payment order. B) Cashier check. C) Certified check. D) None of above. Show Answer Correct Answer: A) Stop-payment order. 2. Is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time. A) Mutual Funds. B) Certificate of Deposit. C) Checking Account. D) Savings Account. Show Answer Correct Answer: B) Certificate of Deposit. 3. You bought a stock on January 1. At the end of the year, why might you analyze published data from the S & P 500? A) To decide whether to switch to the Dow next year. B) To find out how the stock performed that year. C) To see whether the stock has just split. D) To determine whether bonds are earning more than stocks. Show Answer Correct Answer: B) To find out how the stock performed that year. 4. High interest rates might ..... purchasing a house or car but at the same time high interest rates might ..... saving. A) Discourage; encourage. B) Discourage; discourage. C) Encourage; discourage. D) Encourage; encourage. Show Answer Correct Answer: A) Discourage; encourage. 5. What is New Principal Guarantee Scheme (NPGS)? A) The temporary giving of money or property to another person. B) To assist small and medium sized enterprises (SMEs) which have viable businesses. C) The legal status of a borrower. D) Non-cancellable contractual agreement made between a lessor and a lessee. Show Answer Correct Answer: B) To assist small and medium sized enterprises (SMEs) which have viable businesses. 6. Which type of loans have less prone to the risk of becoming NPA A) Mortage loans. B) Whole sale loans. C) Gold loans. D) Retail loans. Show Answer Correct Answer: D) Retail loans. 7. Suppose you own 100 shares of stock in a company, and each share is worth $ 120. A 2-for-1 split would leave you with ..... A) 100 shares worth $ 240 each. B) 200 shares worth $ 60 each. C) 100 shares worth $ 120 each. D) 50 shares worth $ 240 each. Show Answer Correct Answer: B) 200 shares worth $ 60 each. 8. Which bank is called as " Mother bank of India " A) Canada bank. B) Corporation bank. C) Reserve Bank of India. D) State bank of India. Show Answer Correct Answer: C) Reserve Bank of India. 9. ..... accepts deposits from people and businesses and uses them to finance their business. A) Members. B) Non-Deposit Institutions. C) Pawn Shops. D) Deposit Institutions. Show Answer Correct Answer: D) Deposit Institutions. 10. You can use your ATM card with no fees at any teller machine displaying the same ..... logo A) Network. B) ATM. C) Free. D) Bank. Show Answer Correct Answer: A) Network. 11. Which of the following is the WISEST strategy for a new investor in the stock market? A) Buy growth stocks recommended by a relative. B) Buy preferred stocks with a three-month call option. C) Buy blue chip income stocks through a brokerage firm. D) Buy the hottest common stocks and sell them as soon as the price rises. Show Answer Correct Answer: C) Buy blue chip income stocks through a brokerage firm. 12. What is a CHECKING ACCOUNT? A) A type of bank account that allows check writing, withdrawals and deposits of your money. B) A bank account that earns interest. C) A bank account where you invest your money for long term growth. D) None of above. Show Answer Correct Answer: A) A type of bank account that allows check writing, withdrawals and deposits of your money. 13. How often do you receive a bank statement about your accounts? A) Once in every 6 months. B) Never, use your internet bank. C) Once a year. D) Once a month, it might be electronic. Show Answer Correct Answer: D) Once a month, it might be electronic. 14. In the given below options which bank is private bank? A) Punjab national Bank. B) Canara Bank. C) Union Bank. D) SBI. Show Answer Correct Answer: B) Canara Bank. 15. ..... are interactive bank kiosks that provide customers all services except cashtransactions without actual bank tellers. A) Virtual tellers. B) Electronic tellers. C) Virtual agents. D) ATMs. Show Answer Correct Answer: A) Virtual tellers. 16. Issue management is an important function of ..... and ..... A) Public manager and merchant banker. B) Bank manager and lead manager. C) Merchant banker and lead manager. D) None of the above. Show Answer Correct Answer: C) Merchant banker and lead manager. 17. Banks provide all of the following EXCEPT A) Check writing services. B) Government subsidies. C) Loans. D) Debit cards. Show Answer Correct Answer: B) Government subsidies. 18. The Network of banks consists of over ..... bank branches A) 86. B) 860. C) 86000. D) 8600. Show Answer Correct Answer: C) 86000. 19. Fill in the blank:The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of ..... A) Stocks. B) Deposits. C) Interest. D) Loans. Show Answer Correct Answer: B) Deposits. 20. Bank account used by depositors to accumulate money for future use. A) Checking account. B) Savings account. C) Mutual funds account. D) Certificate of Deposit. Show Answer Correct Answer: B) Savings account. 21. Which financial institution protects individuals by insuring bank deposits? A) LPM. B) FSA. C) FIS. D) FDIC. Show Answer Correct Answer: D) FDIC. 22. Which type of bank account is best for everyday transactions? A) Certificate of Deposit. B) Savings Account. C) Checking Account. D) Money Market Account. Show Answer Correct Answer: C) Checking Account. 23. Money you put into your bank account. A) Deposit. B) Deposit slip. C) Withdrawal. D) Service charge. Show Answer Correct Answer: A) Deposit. 24. An asset is declared as doubtful asset if it remains in sub-standard category for more than ..... months A) 6. B) 10. C) 12. D) 15. Show Answer Correct Answer: A) 6. 25. A check written by the bank on its own funds. SECURE! A) Cashiers Check. B) Promissory Note. C) Canceled Check. D) None of the above. Show Answer Correct Answer: A) Cashiers Check. 26. A/an ..... account is meant for transactions. You use it for paying bills and day to day expenses A) Savings Account. B) Checking Account. C) Money Market Account. D) Certificate of Deposit. Show Answer Correct Answer: B) Checking Account. 27. Money or other property that is turned over to a bank to manage for a customer is said to be held in A) Mortgage. B) Reserve. C) Trust. D) Escrow. Show Answer Correct Answer: C) Trust. 28. Type of savings plan that requires a high minimum balance and pays variable interest rate. A) Regular Savings Account. B) Checking Account. C) Money Market. D) Debit Card. Show Answer Correct Answer: C) Money Market. 29. A sum paid or charged for the use of money or for borrowing money A) Interest. B) Credit cards. C) Funds. D) None of above. Show Answer Correct Answer: A) Interest. 30. A merchant accepts debit cards to pay for purchases with A) Automatic bill payment. B) Point-of-sale transactions. C) ATM transactions. D) Direct deposits. Show Answer Correct Answer: B) Point-of-sale transactions. ← PreviousNext →Related QuizzesBanking QuizzesFinance QuizzesBanking And Financial Institutions Quiz 1Banking And Financial Institutions Quiz 2Banking And Financial Institutions Quiz 3Banking 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