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Quiz about Banks and Financial Institutions

Banks and Financial Institutions Quiz

This quiz is about the largest, oldest, most important banks and financial institutions in the world.

A multiple-choice quiz by beatka. Estimated time: 5 mins.

Author
beatka

Time
5 mins

Type
Multiple Choice

Quiz #
107,367

Updated
May 16 22

# Qns
10

Difficulty
Tough

Avg Score
5 / 10

Plays
1233

One at a Time - Single Page - Timed Game

Question 1 of 10

1. What is the name of the first bank in the world's history? Hint

Credit Suisse Group

Monte Dei Paschi di Siena

ING Bank

Credit Lyonnais

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Question 2 of 10

2. When was the first American bank established? Hint

1781

1794

1776

1801

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Question 3 of 10

3. Which bank is the largest international lending institution? Hint

The European Central Bank

The Bundesbank

The World Bank

The European Investment Bank

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Question 4 of 10

4. Which German bank was for many years the most influential central bank in Europe?

Answer: (one word - no article)

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Question 5 of 10

5. Which bank is in charge of the European Union single monetary policy? Hint

The European Investment Bank

The European Central Bank

The European Bank for Reconstruction and Development

The Bundesbank

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Question 6 of 10

6. This European bank has helped the Central and Eastern European states make the transition to market economies. What is it called?
Hint

The European Investment Bank

The European Bank for Reconstruction and Development

The Bundesbank

The European Central Bank

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Question 7 of 10

7. What is the name of a famous Dutch bank, the logo of which is a lion? Hint

ABN-AMRO Bank

Fortis Bank

Rabobank Group

ING Bank

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Question 8 of 10

8. What is the name of the largest Polish bank? Hint

Pekao SA

Pekao BP

Bank Handlowy

Bank Slaski

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Question 9 of 10

9. The World Bank is the biggest commercial bank in the world. True or false?

True

False

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Question 10 of 10

10. Which of these European countries is particularly renowned for its banks and banking system? Hint

Greece

Switzerland

Poland

Spain

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Quiz Answer Key and Fun Facts

1. What is the name of the first bank in the world's history?

Answer: Monte Dei Paschi di Siena

This Italian bank, with headquarters in Siena, Tuscany, was founded in the year 1472 and is regarded as the oldest bank in the world. It is still (in 2002) one of the most important Italian banks, with branches in various parts of the world.

2. When was the first American bank established?

Answer: 1781

The first American bank was the Bank of North America. It was founded in 1781. The bank had a head office in Philadelphia and branches in eight other cities. It acted as a fiscal agent for the government but also conducted a general commercial business.

3. Which bank is the largest international lending institution?

Answer: The European Investment Bank

The European Investment Bank, based in Luxembourg, is an autonomous financial institution within the European Union. It has been the largest international lending institution since 1993, when it took over from the World Bank.

4. Which German bank was for many years the most influential central bank in Europe?

Answer: Bundesbank

The Bundesbank, with its headquarters in Frankfurt, used to shape, de facto, Europe's monetary policy. Nowadays this part is played by the European Central Bank, also based in Frankfurt.

5. Which bank is in charge of the European Union single monetary policy?

Answer: The European Central Bank

The European Central Bank is based in Frankfurt, which is also home to the Bundesbank, Germany's central bank. The ECB was inaugurated in 1998. Its first president was Wim Duisenberg, from the Netherlands.

6. This European bank has helped the Central and Eastern European states make the transition to market economies. What is it called?

Answer: The European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to provide financial aid to Eastern European countries after the fall of Communism and the collapse of the Soviet Union. It is based in London.

7. What is the name of a famous Dutch bank, the logo of which is a lion?

Answer: ING Bank

ING Bank is based in Amsterdam. It was established in 1991 as a result of one of the world's first major mergers between an insurer (Nationale Nederlanden) and a bank (NMB Postbank). The lion logo symbolises strength, capability and confidence.

8. What is the name of the largest Polish bank?

Answer: Pekao BP

Formerly state-owned Pekao BP is the largest bank in Poland. It has a network of more than 700 subsidiaries. Its privatisation was completed in November 2004.

9. The World Bank is the biggest commercial bank in the world. True or false?

Answer: False

The World Bank is a specialized agency of the United Nations, based in Washington. It was established in 1944 to help member nations reconstruct and develop, by making loans. Its official name is the International Bank for Reconstruction and Development.

10. Which of these European countries is particularly renowned for its banks and banking system?

Answer: Switzerland

Swiss banks used to be notorious for their secret "numbered accounts", coded with a number instead of a name. Banking laws now oblige disclosure of details of such accounts in some circumstances, to guard against their use for criminal activity.

Source: Author beatka

This quiz was reviewed by FunTrivia editor bloomsby before going online.
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