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