Bank Exam Prep Quiz Questions and Answers

1

What is the synonym of 'solvent' in a banking context?

▼

A

Bankrupt

B

Liquid

C

Debt-free

D

Financial

2

Which word is the opposite of 'deficit'?

▼

A

Shortage

B

Loss

C

Liability

D

Surplus

3

Identify the correctly spelled word.

▼

A

Exchequre

B

Exchequer

C

Excheker

D

Exchequr

4

What does 'fiscal' refer to?

▼

A

Public revenue

B

Private loans

C

Physical health

D

Banking hours

5

Choose the word that means 'to reduce in value'.

▼

A

Appreciate

B

Diversify

C

Invest

D

Depreciate

6

What is a 'portfolio' in finance?

▼

A

A bank vault

B

A collection of assets

C

A currency note

D

A loan document

7

Complete the sentence: The bank decided to ____ the interest rates.

▼

A

Rise

B

Arise

C

Arose

D

Raise

8

What does 'collateral' mean?

▼

A

A profit margin

B

An interest payment

C

A bank statement

D

An asset pledged as security

9

Which term describes a total collapse of a business?

▼

A

Dividend

B

Capital

C

Insolvency

D

Equity

10

What is an 'audit'?

▼

A

An official inspection

B

A loan application

C

A marketing strategy

D

A customer complaint

11

Which of these is a synonym for 'remittance'?

▼

A

Interest

B

Penalty

C

Payment

D

Savings

12

What does 'liquidity' imply?

▼

A

Number of branches

B

Amount of debt

C

Availability of cash

D

Staff size

13

Choose the correct spelling.

▼

A

Liabilty

B

Liabillity

C

Liability

D

Lyability

14

What is a 'dividend'?

▼

A

A share of profits

B

A banking fee

C

A credit score

D

A tax deduction

15

Which word means 'the process of becoming wealthy'?

▼

A

Encumbrance

B

Enrichment

C

Empowerment

D

Endorsement

16

What does AML stand for?

▼

A

Audit Monitoring List

B

Asset Money Limit

C

Account Management Law

D

Anti-Money Laundering

17

What is the primary purpose of AML?

▼

A

To hide illegal funds

B

To prevent financial crime

C

To reduce customer wait times

D

To increase bank profits

18

What is the first stage of money laundering?

▼

A

Integration

B

Placement

C

Layering

D

Structuring

19

What is 'KYC' an abbreviation for?

▼

A

Know Your Customer

B

Key Yield Code

C

Knowledge Yield Control

D

Keep Your Cash

20

Why is KYC important in banking?

▼

A

To track staff attendance

B

To verify client identity

C

To design new products

D

To calculate interest

21

What does 'structuring' (smurfing) involve?

▼

A

Breaking large transactions into smaller ones

B

Updating software

C

Organizing staff files

D

Merging bank accounts

22

What is the final stage of money laundering?

▼

A

Integration

B

Layering

C

Placement

D

Verification

23

Which of these is a red flag for money laundering?

▼

A

Using a debit card for groceries

B

Large cash deposits without business proof

C

Applying for a student loan

D

Regular monthly salary deposits

24

What is a 'Suspicious Activity Report' (SAR)?

▼

A

A bank annual report

B

A customer feedback form

C

A document reporting illegal activity

D

A loan approval document

25

Who is a PEP?

▼

A

Personal Equity Partner

B

Public Enforcement Police

C

Politically Exposed Person

D

Private Economic Planner

26

Which stage involves moving funds to distance them from the source?

▼

A

Layering

B

Verification

C

Integration

D

Placement

27

What is the purpose of transaction monitoring?

▼

A

Advertise bank loans

B

Identify unusual behavior

C

Update contact details

D

Calculate bank fees

28

Which action should a banker take if they suspect laundering?

▼

A

Report it internally

B

Confront the customer

C

Transfer the funds immediately

D

Ignore it if the amount is small

29

What is the main goal of layering?

▼

A

Improving customer service

B

Sorting customer files

C

Increasing the interest rate

D

Creating complexity to hide the audit trail

30

What is an ultimate beneficial owner (UBO)?

▼

A

The person who owns or controls the account

B

The bank teller

C

The government auditor

D

The bank manager

31

What is 15% of 200?

▼

A

20

B

15

C

30

D

40

32

If an item costs $50 and has a 10% discount, what is the price?

▼

A

50

B

45

C

40

D

55

33

What is the average of 10, 20, and 30?

▼

A

25

B

15

C

30

D

20

34

Solve: 120 / 4 + 10

▼

A

50

B

40

C

30

D

20

35

If you deposit $1000 at 5% annual interest, how much is interest in 1 year?

▼

A

5

B

100

C

500

D

50

36

What is the next number in the sequence: 2, 4, 8, 16, ?

▼

A

64

B

20

C

24

D

32

37

Which is greater: 1/2 or 0.4?

▼

A

0.4

B

1/2

C

They are equal

D

Cannot be determined

38

If 3 pens cost $9, how much do 5 pens cost?

▼

A

15

B

18

C

20

D

12

39

What is 1000 - 450?

▼

A

550

B

500

C

650

D

450

40

Solve: 5 * 6 + 5

▼

A

30

B

55

C

25

D

35

Bank Exam Prep Quiz Questions and Answers

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