Banking Awareness Quiz – Set 196

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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
    

    Answer & Explanation

    D. Lien
    Explanation:
    Lien is a type of charge that gives a bank automatic claim over a borrower’s property or assets.