Banking & Finance Quiz 3
Practice quiz on Banking & Finance (Economy). 5 real exam questions.
About This Quiz
Banking & Finance Quiz 3 — Questions with Solutions
All 5 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.Which organization regulates mutual funds in India?
- A.RBI
- B.IRDAI
- C.SEBI
- D.AMFI
Show answer
Answer: C. SEBI
SEBI lays down the regulatory framework for mutual funds.
Q2.Which rate is used by RBI to lend money to banks for overnight liquidity?
- A.MSF
- B.Repo
- C.Reverse Repo
- D.Bank Rate
Show answer
Answer: A. MSF
Marginal Standing Facility (MSF) is the overnight borrowing window for banks.
Q3.Which scheme allows accidental insurance of ₹2 lakh at an annual premium of ₹20?
- A.PMJJBY
- B.PMSBY
- C.PMFBY
- D.PMMY
Show answer
Answer: B. PMSBY
Pradhan Mantri Suraksha Bima Yojana offers ₹2 lakh accident cover at ₹20 premium.
Q4.Which is the largest shareholder of NABARD?
- A.RBI
- B.Government of India
- C.SBI
- D.SEBI
Show answer
Answer: B. Government of India
NABARD is fully owned by the Government of India.
Q5.Which organization regulates the money market in India?
- A.SEBI
- B.RBI
- C.IRDAI
- D.Ministry of Finance
Show answer
Answer: B. RBI
RBI regulates money market instruments such as Treasury Bills, Commercial Paper and Certificates of Deposit.
Frequently Asked Questions
Is Banking & Finance Quiz 3 free to attempt on AajExam?
Yes. Banking & Finance Quiz 3 is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Banking & Finance Quiz 3?
Banking & Finance Quiz 3 runs on a 1-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Banking & Finance Quiz 3 ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Banking & Finance Quiz 3 multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Banking & Finance questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.