Banking Fundamentals Test

Test duration:

min

No. of questions:

Level of experience:

Entry level

Banking Fundamentals Test

iMocha's Banking Fundamentals Test is an ideal skills assessment designed to help recruiters and hiring managers identify the best-fit candidates for roles like Banking Associate, Loan Officer, Financial Analyst, and Investment Banker. This test evaluates essential skills including assets, liabilities, account deposits, loans, acquisition strategies, and investment banking.

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A bank building with a dollar sign in front of it, symbolizing financial services and wealth.

Banking Skills Test

Banking fundamentals is the procedure followed by the banks to benchmark and generate a mechanism of money supply for the whole country. Banking Fundamentals refer to the basic concepts of economic and financial activities, such as savings, deposits, loans, profit, losses, credits, etc. The activities such as accepting and safeguarding the money owned by individuals are also included in banking fundamentals.

The banking skills test helps recruiters and hiring managers to assess a candidate’s banking fundamentals skills. The banking fundamentals online test is designed by experienced Subject Matter Experts (SMEs) to evaluate and hire banking professionals as per industry standards.

The banking fundamentals online test has a powerful reporting feature that provides an instant result that can be with the recruiting team. Both ready-to-use assessments and customized assessments as per the job description can be provided.

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How it works

Test Summary

The test helps to screen candidates for the following:

Understanding of commercial banking.
Excellent knowledge in retail banking.
Knowledge of financial activities such as deposits, loans, assets, liabilities, etc.
Experience and a good understanding of accounting management.

Banking skills test helps recruiters assess candidate’s banking fundamentals skills. Banking fundamentals online test contains questions based on topics like acquisition strategies, account deposits, banking loan, investment banking, commercial banking, retail banking & more.

This test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio/Video Questions, LogicBox (AI-based essay evaluation), Job-based Simulations, True or False Questions, etc.

Useful for hiring

Bank Managers
Bank Clerks
Business Analysts in Banking

Test Duration

min

No. of Questions

Level of Expertise

Entry level

Topics Covered

Assets

This test evaluates a candidate's knowledge of different asset types and their role in a bank’s financial stability.

Liabilities

This test assesses a candidate's understanding of banking liabilities, including customer deposits and financial obligations.

Acquisition Strategies

This test evaluates a candidate's knowledge of strategies banks use for mergers, acquisitions, and expanding market share.

Account Deposits

This test assesses a candidate's ability to understand deposit types, account structures, and their role in banking operations.

Banking Loan

This test evaluates a candidate's knowledge of loan processes, credit analysis, and risk management in lending.

Investment Banking

This test assesses a candidate's understanding of investment banking services, including advisory, underwriting, and capital market activities.

Sample Question

Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.

Question type

Multiple Option

Topics covered

Business Acquisition Strategies

Difficulty

Easy

Question:

Q 1. Ryan and Emily are discussing the two types of acquisition strategies used by businesses - horizontal acquisition strategy and vertical acquisition strategy. They provide examples to elucidate the two strategies:
Statement 1 - Facebook's 2012 acquisition of Instagram is an example of horizontal acquisition.
Statement 2 - Google's 2012 acquisition of Motorola is an example of vertical acquisition.
Which of the given statement(s) is/are correct?

Statement 1

Statement 2

Both the statements are correct.

None of the statements are correct.