Banking Awareness Quiz – Set 134

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. Which of the following refers to financial services conducted among banks and financial services companies?
   A. Merchant banking
   B. Retail banking
   C. Commercial banking
   D. Wholesale banking
   E. None of these
   
   Answer & Explanation

   D. Wholesale banking
   Explanation:
   Wholesale banking refers to financial services conducted between financial services companies and institutions such as banks, insurers, fund managers, and stock brokers.
   
   
2. Which of the following is included in Wholesale banking?
   A. Finance wholesaling
   B. Market making
   C. Consultancy
   D. Mergers and acquisitions
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   Wholesale banking includes
   Finance wholesaling
   Market making
   Consultancy
   Mergers and acquisitions
   Fund management
   
   
3. Which of the following is a specific division of banking related to the creation of capital for other companies, governments and other entities?
   A. Merchant banking
   B. Investment banking
   C. Commercial banking
   D. Wholesale banking
   E. None of these
   
   Answer & Explanation

   B. Investment banking
   Explanation:
   Investment banking is a specific division of banking related to the creation of capital for other companies, governments and other entities.
   
   
4. Which of the following is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks?
   A. Merchant banking
   B. Retail banking
   C. Commercial banking
   D. Wholesale banking
   E. None of these
   
   Answer & Explanation

   B. Retail banking
   Explanation:
   Retail banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks.
   
   
5. Which of the following is known as “Retail banking”?
   A. Merchant banking
   B. Investment banking
   C. Consumer banking
   D. Wholesale banking
   E. None of these
   
   Answer & Explanation

   C. Consumer banking
   Explanation:
   Retail Banking is also known as Consumer banking.
   
   
6. Which of the following service is included in Retail Banking?
   A. Savings Account
   B. Debit Card
   C. Credit Card
   D. Personal Loan
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   Retail Banking Services include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.
   
   
7. Banks located in jurisdictions with low taxation and regulation is known as _____
   A. Private Banks
   B. Offshore banks
   C. Community Development Bank
   D. All of these
   E. None of these
   
   Answer & Explanation

   B. Offshore banks
   Explanation:
   Banks located in jurisdictions with low taxation and regulation is known as Offshore banks.
   
   
8. Banks that provide financial services and credit to underserved markets or populations is known as?
   A. Private Banks
   B. Offshore banks
   C. Community Development Bank
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. Community Development Bank
   Explanation:
   Banks that provide financial services and credit to underserved markets or populations is known as Community Development Bank.
   
   
9. Which of the following is a type of banking that provides services such as accepting deposits, making business loans, and offering basic investment products?
   A. Merchant banking
   B. Investment banking
   C. Commercial banking
   D. Wholesale banking
   E. None of these
   
   Answer & Explanation

   C. Commercial banking
   Explanation:
   Commercial banking is a type of banking that provides services such as accepting deposits, making business loans, and offering basic investment products.
   
   
10. Which of the following provides capital to companies in the form of share ownership instead of loans?
    A. Merchant banking
    B. Investment banking
    C. Consumer banking
    D. Wholesale banking
    E. None of these
    
    Answer & Explanation

    A. Merchant banking
    Explanation:
    Merchant banking provides capital to companies in the form of share ownership instead of loans.