Q. What type of bank primarily provides financial services to low-income individuals?
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A.
Commercial Bank
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B.
Investment Bank
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C.
Microfinance Bank
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D.
Development Bank
Solution
Microfinance banks primarily provide financial services to low-income individuals and small businesses.
Correct Answer:
C
— Microfinance Bank
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Q. Which of the following is a primary source of funds for commercial banks?
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A.
Government grants
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B.
Deposits from customers
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C.
Foreign investments
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D.
Stock market profits
Solution
Deposits from customers are a primary source of funds for commercial banks.
Correct Answer:
B
— Deposits from customers
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Q. Which type of bank is primarily focused on providing services to large corporations?
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A.
Commercial Bank
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B.
Investment Bank
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C.
Retail Bank
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D.
Community Bank
Solution
Investment banks are primarily focused on providing services to large corporations.
Correct Answer:
B
— Investment Bank
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Q. Which type of bank primarily focuses on providing services to individuals and small businesses?
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A.
Investment Bank
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B.
Commercial Bank
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C.
Central Bank
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D.
Development Bank
Solution
Commercial banks primarily focus on providing services to individuals and small businesses.
Correct Answer:
B
— Commercial Bank
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