Banking & Finance Quiz 4
Practice quiz on Banking & Finance (Economy). 5 real exam questions.
About This Quiz
Banking & Finance Quiz 4 — 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.What is the current upper limit for UPI Lite wallet balance as per guidelines?
- A.₹500
- B.₹1000
- C.₹2000
- D.₹4000
Show answer
Answer: C. ₹2000
UPI Lite allows up to ₹2000 balance in the on-device wallet.
Q2.Which payment system is based on 'Immediate Payment Service'?
- A.NEFT
- B.RTGS
- C.IMPS
- D.UPI
Show answer
Answer: C. IMPS
IMPS enables instant 24×7 fund transfers.
Q3.What does the term 'NPA' stand for?
- A.Non Performing Asset
- B.Non Productive Asset
- C.New Productive Area
- D.Net Profit Analysis
Show answer
Answer: A. Non Performing Asset
NPA refers to Non Performing Asset, i.e., a loan overdue for more than 90 days.
Q4.NSDL and CDSL are related to which area?
- A.Insurance
- B.Securities Depositories
- C.Mutual Funds
- D.Bank Lending
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Answer: B. Securities Depositories
NSDL and CDSL are depositories that hold securities in dematerialised form.
Q5.‘Call Money Market’ deals with funds borrowed for what period?
- A.1–14 days
- B.15–30 days
- C.Up to 1 year
- D.Intradaily only
Show answer
Answer: A. 1–14 days
Call money refers to overnight funds (up to 1 day) while notice money extends up to 14 days; together they cover 1–14 days.
Frequently Asked Questions
Is Banking & Finance Quiz 4 free to attempt on AajExam?
Yes. Banking & Finance Quiz 4 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 4?
Banking & Finance Quiz 4 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 4 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 4 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.