Types of Banking Institutions Quiz

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7 Questions

What type of bank combines all services of all banks?

Universal Bank

Which type of bank primarily focuses on traditional banking activities?

Commercial Bank

What type of institution specializes in buying and selling of securities?

Investment Bank

Which institution provides insurance in case of loss to insured individuals and firms?

Insurance Companies

Which bank forbids lending money or charging interest?

Islamic Bank

Which government bank is primarily focused on development initiatives?

Land Bank of the Philippines

Which type of institution is controlled by the government and focuses on fund management and equity financing?

Investment Bank

Test your knowledge on various types of banking institutions including Private Banking Institutions, Government Banks, and Private Non-bank Financial Institutions. Learn about the different services and functions provided by these institutions.

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