Banking General knowledge for NICL AO [TEST-7]

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G.K. Questions on Banking

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Question 2941 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
When you pay with a debit card and choose credit:
A
business pays the fee, instead of your bank
B
you cannot get cash back
C
you might have to sign
D
all of these are true
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Question 2942 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
If the Fed increases the money supply, the economy will see
A
a decrease in price level and an increase in real GDP.
B
an decrease in price level and a decrease in real GDP.
C
an increase in price level and a decrease in real GDP.
D
an increase in price level and an increase in real GDP.
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Question 2943 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

Which of the following statements is TRUE?

A
As long as you have signed a check, it is a legal document and will be accepted as payment.
B
A check is not a legal document. It is only an agreement between you and the bank to pay someone.
C
It does not matter what date you write on the date line of check because it is a legal document, regardless of the date.
D
A check is a legal document and therefore, must be filled in correctly; otherwise, banks or other businesses may refuse to accept it as payment.
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Question 2944 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

When people decide to start a business they need to ..... money, looking for profitable returns.

A
Debt
B
Invest
C
Save
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Question 2945 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

What makes for a solid checking or savings account?

A
no fees
B
correctchoice 24/7 customer service
C
correctchoice high interest rates
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Question 2946 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

The first step in financial planning is understanding the ..... .

A
resources
B
budget
C
obligations
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Question 2947 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

Why was the "Monster Bank" seen as a threat.

A
Controlled by the British
B
Attempted to end slavery
C
Too much control of the country
D
Was against foreign trade
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Question 2948 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

Yeast is a living organism

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A
True
B
False
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Question 2949 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

The purpose of PLTW App developer class is to

A
help me learn about STEM careers.
B
correctchoice help me develop App developer skills so I can create my own apps and help me learn about STEM careers.
C
correctchoice help me to become better at critical thinking
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Question 2950 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

When you make a Direct Deposit, you are:

A
Taking money out of your checkings account
B
Automatically depositing a pay check into a bank account
C
Making a deposit for over 10,000 dollars
D
Taking money from the bank for bills
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