Financial Services MCQs
Financial Services MCQs
Our team has conducted extensive research to compile a set of Financial Services MCQs. We encourage you to test your Financial Services knowledge by answering these multiple-choice questions provided below.
Simply scroll down to begin!
1: A ____ is a type of windows application that runs in the background without user interaction.
A. Service
B. Snap-in
C. Gadget
2: The _______ function calculates the present value of an investment or loan.
A. PRES
B. NPER
C. PV
D. FV
3: What is the primary function of a commercial bank?
A. Providing investment advisory services
B. Facilitating international trade transactions
C. Accepting deposits and lending money
D. Offering insurance products
4: Which financial institution is responsible for regulating and supervising banks in most countries?
A. International Monetary Fund (IMF)
B. World Bank
C. Central Bank
D. Securities and Exchange Commission (SEC)
5: What is the purpose of an insurance policy?
A. To provide loans to individuals and businesses
B. To manage investment portfolios on behalf of clients
C. To protect against potential financial losses
D. To facilitate international money transfers
6: Which type of financial institution is owned and operated by its members, who are also its customers?
A. Commercial bank
B. Credit union
C. Investment bank
D. Mutual fund
7: What is the role of an investment bank?
A. Offering personal and business loans
B. Facilitating stock trading on exchanges
C. Providing financial advice and assistance in issuing securities
D. Offering insurance policies and managing claims
8: Which financial institution primarily provides long-term loans for purchasing homes and real estate?
A. Commercial bank
B. Investment bank
C. Credit union
D. Mortgage lender
9: What is the primary function of a stock exchange?
A. Facilitating the buying and selling of shares of publicly traded companies
B. Providing personal loans to individuals
C. Managing retirement accounts and pensions
D. Offering insurance products to individuals and businesses
10: Which financial institution acts as an intermediary between borrowers and lenders, pooling funds from investors to provide loans to individuals and businesses?
A. Credit union
B. Mutual fund
C. Investment bank
D. Peer-to-peer lending platform
11: What is the purpose of a financial advisor?
A. To issue credit cards and process payments
B. To provide guidance and advice on financial matters
C. To manage investment portfolios on behalf of clients
D. To facilitate international money transfers
12: Which financial institution provides services such as check clearing, wire transfers, and safekeeping of valuable documents and assets?
A. Investment bank
B. Credit union
C. Commercial bank
D. Stock exchange
List of Financial Services MCQ...
Available in:
Financial Services MCQs
