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Banking Awareness Quiz – Set 196

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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. ______ refers to a private company related to the creation of capital for other companies, governments, and other entities.
    A. Investment Banking
    B. Branch Banking
    C. Group Banking
    D. Unit Banking
    E. None of these
    A. Investment Banking
    Explanation:
    Investment Banking refers to a private company related to the creation of capital for other companies, governments, and other entities.

  2. ________ is engaging in banking facilities away from a bank’s home office.
    A. Investment Banking
    B. Branch Banking
    C. Group Banking
    D. Unit Banking
    E. None of these
    B. Branch Banking
    Explanation:
    Branch Banking is engaging in banking facilities away from a bank’s home office.

  3. ________ offered by banks that generally provides incentives for groups, such as employees at a company.
    A. Investment Banking
    B. Branch Banking
    C. Group Banking
    D. Unit Banking
    E. None of these
    C. Group Banking
    Explanation:
    Group Banking offered by banks that generally provides incentives for groups, such as employees at a company. The bank will offer incentives such as discounts, lower fees and interest rates

  4. _______ refers to a bank which is a single and small bank that provides financial services to its local community.
    A. Investment Banking
    B. Branch Banking
    C. Group Banking
    D. Unit Banking
    E. None of these
    D. Unit Banking
    Explanation:
    Unit Banking refers to a bank which is a single and small bank that provides financial services to its local community

  5. ________ is the flow of funds (or capital) from one country to another in order to earn a short-term profit.
    A. Soft Currency
    B. Hard Currency
    C. Hot Money
    D. Cheap Money
    E. None of these
    C. Hot Money
    Explanation:
    Hot Money is the flow of funds (or capital) from one country to another in order to earn a short-term profit.

  6. A currency with a value that fluctuates as a result of the country’s political or economic uncertainty is known as ______

    A. Soft Currency
    B. Hard Currency
    C. Hot Money
    D. Cheap Money
    E. None of these

    A. Soft Currency
    Explanation:
    A currency with a value that fluctuates as a result of the country’s political or economic uncertainty is known as Soft Currency.

  7. Currency that is not likely to depreciate suddenly or to fluctuate greatly in value is known as ____
    A. Soft Currency
    B. Hard Currency
    C. Hot Money
    D. Cheap Money
    E. None of these
    B. Hard Currency
    Explanation:
    Currency that is not likely to depreciate suddenly or to fluctuate greatly in value is known as hard Currency.

  8. Which of the following is also known as Weak Currency?
    A. Soft Currency
    B. Hard Currency
    C. Hot Money
    D. Cheap Money
    E. None of these
    A. Soft Currency
    Explanation:
    Soft Currency is also known as Weak Currency

  9. A loan or credit with a low-interest rate or the setting of low-interest rates by a central bank in a country is known as _____
    A. Soft Currency
    B. Hard Currency
    C. Hot Money
    D. Cheap Money
    E. None of these
    D. Cheap Money
    Explanation:
    A loan or credit with a low-interest rate or the setting of low-interest rates by a central bank in a country is known as Cheap Money.

  10. ____ is a type of charge that gives a bank automatic claim over a borrower’s property or assets.
    A. Pledge
    B. Hypothecation
    C. Mortgage
    D. Lien
    E. All of these
    D. Lien
    Explanation:
    Lien is a type of charge that gives a bank automatic claim over a borrower’s property or assets.