Banking & Finance Quiz 6
Practice quiz on Banking & Finance (Economy). 5 real exam questions.
About This Quiz
Banking & Finance Quiz 6 — 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 ministry releases the Economic Survey of India?
- A.Ministry of Commerce
- B.Ministry of Statistics
- C.Ministry of Finance
- D.NITI Aayog
Show answer
Answer: C. Ministry of Finance
The Economic Survey is prepared under the Chief Economic Adviser in the Ministry of Finance.
Q2.What is the maximum deposit limit under PM Jan Dhan Yojana for a savings account?
- A.₹1 lakh
- B.₹2 lakh
- C.₹50,000
- D.₹1.5 lakh
Show answer
Answer: B. ₹2 lakh
The revised JDY deposit limit is ₹2 lakh.
Q3.Which rate does RBI use to borrow money from banks?
- A.Repo Rate
- B.Reverse Repo Rate
- C.Bank Rate
- D.MSF Rate
Show answer
Answer: B. Reverse Repo Rate
Reverse Repo Rate is the rate paid by RBI to banks when it borrows from them.
Q4.Which index is published by SEBI?
- A.Sensex
- B.Nifty
- C.Securities Market Information
- D.None
Show answer
Answer: D. None
SEBI regulates markets but does not publish indices; Sensex belongs to BSE, Nifty to NSE.
Q5.Which committee recommended the creation of GST in India?
- A.Kelkar Committee
- B.Vijay Kelkar Task Force
- C.Jha Committee
- D.Narasimham Committee-I
Show answer
Answer: B. Vijay Kelkar Task Force
The Vijay Kelkar Task Force recommended introduction of GST.
Frequently Asked Questions
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Banking & Finance Quiz 6 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.
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Yes. Every question on Banking & Finance Quiz 6 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 6 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.