Take your time to read instructions before taking this test.

 

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace FIN 201 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

 

Please do well to use our comment box incase there’s a message you want to pass to us

 

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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FIN 201

1 / 40

1. Highlight the advantage of online banking for customers.

2 / 40

2. Mention the factor affecting demand for banking services due to poor accessibility of branches.

3 / 40

3. Specify a disadvantage of banking automation.

4 / 40

4. Define the key benefit of capital adequacy in banking operations.

5 / 40

5. Define the focus of performance measurement in banking.

6 / 40

6. Highlight the primary cause of credit rationing in banking.

7 / 40

7. Emphasize the cost banks incur due to automation maintenance.

8 / 40

8. Recognize the theory explaining money creation by the banking system as a whole, not individual banks.

9 / 40

9. Highlight the service enabling banks to attract more customers by offering consultancy.

10 / 40

10. State the primary goal of operating costs in banking.

11 / 40

11. Mention the process banks use to mobilize funds from surplus units to deficit units.

12 / 40

12. Recognize the benefit derived by banks from mergers and acquisitions.

13 / 40

13. Identify the primary reason banks collect reserve funds.

14 / 40

14. Indicate the tool used by banks to manage financial risks effectively.

15 / 40

15. Point out the type of reserve maintained by commercial banks due to regulatory requirements.

16 / 40

16. State the primary factor contributing to economies of scale in banking.

17 / 40

17. Indicate the purpose of statutory reserves for banks.

18 / 40

18. Point out the reason banks impose transaction costs on accounts.

19 / 40

19. Describe the service enabling customers to access funds exceeding their deposits.

20 / 40

20. State the challenge faced by customers due to insufficient bank staff.

21 / 40

21. Highlight the process enabling banks to perform transactions with reduced human intervention.

22 / 40

22. Highlight the component that evaluates the efficiency of resource utilization in banking.

23 / 40

23. Indicate the tool used by banks to manage financial risks effectively

24 / 40

24. Indicate the method banks use to reduce errors in service delivery.

25 / 40

25. Indicate the advantage customers gain from economies of scale in banking.

26 / 40

26. State the major challenge associated with mergers and acquisitions in banking.

27 / 40

27. Describe the element ensuring banks meet operational challenges

28 / 40

28. Identify the primary role banks play in a market-based economy.

29 / 40

29. Indicate the critical output resulting from customer deposits and bank lending.

30 / 40

30. Highlight the term describing the process through which banks create new credits when loans are issued.

31 / 40

31. Emphasize the essential source of funds for commercial banks

32 / 40

32. Emphasize the service banks provide for transferring funds between locations.

33 / 40

33. Identify the output commonly associated with banking operations.

34 / 40

34. Identify the component critical to financial intermediation success.

35 / 40

35. Define the key factor influencing customer demand for banking services.

36 / 40

36. Mention the key advantage of mergers for smaller banks.

37 / 40

37. Emphasize the main advantage of branch automation.

38 / 40

38. Identify the component critical to financial intermediation success

39 / 40

39. Highlight a critical metric for measuring bank performance.

40 / 40

40. Mention the key advantage of mergers for smaller banks.

Your score is

The average score is 53%

0%

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