Quiz  /  Banking Awareness Gate & PSU MCQ Questions With Answers

  • 1. 
    Which of the following is not an appropriate form of Income?

  • Running a Business
  • Working a Job
  • Taking Kadin's Lunch Money
  • Renting or Selling Property

  • 2. 
    Which of the following is not a characteristic of a SAVINGS ACCOUNT?

  • Safe place to store money
  • Owners can write checks from the money in the account
  • Money is protected by Federal Insurance
  • Money gains interest over time
  • Great way to save for something you want or an emergency

  • 3. 
    An example of a withdraw is:

  • In Person
  • At an ATM
  • Writing a Check
  • All the Above

  • 4. 
    Which Financial Institution is best described below: A not for profit members only institution known for their low interest loans.

  • Bank
  • Credit Union
  • Savings & Loan
  • Check Into Cash

  • 5. 
    _____________ is the amount of money owed on a loan including interest.

  • Loan
  • Debt
  • Profit
  • Irresponsibility

  • 6. 
    Putting money into an account is known as _______________.

  • Sinking
  • Placing
  • Withdrawing
  • Depositing

  • 7. 
    Moving money from one account to another is called a ______________.

  • Swap
  • Transfer
  • Glide
  • Movement

  • 8. 
    Which of the following is not a synonym for EXPENSES?

  • Costs
  • Wage
  • Bills
  • Expenditures

  • 9. 
    A person employed to deal with customers' transactions at a bank such as taking deposits or cashing checks.

  • Penn
  • Teller
  • Count
  • Cashier

  • 10. 
    Which of the following best describes a LOAN?

  • Money borrowed that can be paid back if one feels like it.
  • Money borrowed
  • Money borrowed with the expectation of paying it back in a timely manner.
  • Money gifted to someone with no expectation of payback.
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