Banking and Insurance Basics Quiz
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Questions and Answers

Which of the following is a typical service offered by banks?

  • Legal consultation
  • Medical diagnosis
  • Currency exchange (correct)
  • Plumbing services
  • What is the primary purpose of banking and insurance?

  • To regulate the stock market
  • To generate profit for the government
  • To provide financial services and risk management (correct)
  • To support agricultural development
  • What is the main function of insurance?

  • To manufacture consumer goods
  • To transfer risk from individuals to an insurance company (correct)
  • To build infrastructure projects
  • To provide emergency medical treatment
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