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-BNK601 final term past paper by Gdacy.com
BNK601 final term past paper by Gdacy.com
1. What is the main function of commercial banks?
The main function of commercial banks is to receive deposits from the public and lend money to businesses and individuals. They also offer other services such as foreign exchange, safe deposit boxes, and debit cards.
2. What is the role of commercial banks in the economy?
Commercial banks play an important role in the economy by providing loans to businesses and individuals, which helps to spur economic growth. They also help to stabilize the financial system by providing a source of liquidity during times of financial stress.
3. What are the main types of commercial banks?
The main types of commercial banks are universal banks, which offer a full range of banking services, and specialized banks, which focus on specific areas such as investment banking or lending.
4. What are the main types of deposits that commercial banks offer?
The main types of deposits that commercial banks offer are savings accounts, checking accounts, and certificates of deposit.
5. What are the main types of loans that commercial banks offer?
The main types of loans that commercial banks offer are mortgages, auto loans, and personal loans.
6. What are the main services that commercial banks offer?
The main services that commercial banks offer are deposit taking, lending, foreign exchange, and debit cards.
7. What are the main risks that commercial banks face?
The main risks that commercial banks face are interest rate risk, credit risk, and liquidity risk.
8. What is the role of the central bank in the economy?
The role of the central bank in the economy is to manage the money supply and interest rates. They also act as a lender of last resort to banks during times of financial stress.
9. What is the difference between a commercial bank and an investment bank?
The difference between a commercial bank and an investment bank is that a commercial bank takes deposits and makes loans, while an investment bank underwrites and trades securities.
10. What is the difference between a savings account and a current account?
-The most important tips to remember when studying for BNK601
BNK601 is one of the most important subjects in the Banking and Finance degree. In order to pass this subject, it is important to remember a few key tips.
1. Understand the concepts: This subject is all about understanding the concepts of banking and finance. Therefore, it is important to have a clear understanding of all the concepts before attempting the exam.
2. Practice questions: In order to score well in this subject, it is important to practice a lot of questions. There are a lot of mock exams available online which can help you in your preparation.
3. Time management: Time management is very important while attempting the exam. Make sure you attempt all the questions within the allotted time.
4. Answer in point form: It is important to answer the questions in point form. This will help you save time and also help the examiner to understand your answer better.
5. Be confident: Be confident while attempting the exam. This will help you in solving the questions easily.
Following these tips will surely help you in passing the BNK601 exam with flying colours.
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