Banking & Finance Quiz 7
Practice quiz on Banking & Finance (Economy). 5 real exam questions.
About This Quiz
Banking & Finance Quiz 7 — 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 bank launched the 'YONO' digital banking platform?
- A.ICICI Bank
- B.HDFC Bank
- C.State Bank of India
- D.Axis Bank
Show answer
Answer: C. State Bank of India
YONO (You Only Need One) was launched by State Bank of India.
Q2.What does the term 'FIU-IND' stand for?
- A.Financial Investigation Unit
- B.Financial Intelligence Unit-India
- C.Foreign Investment Union
- D.Fiscal Information Unit
Show answer
Answer: B. Financial Intelligence Unit-India
FIU-IND is the Financial Intelligence Unit-India capturing suspicious transaction reports.
Q3.Which organization handles India's foreign exchange reserves?
- A.RBI
- B.Finance Ministry
- C.World Bank
- D.SEBI
Show answer
Answer: A. RBI
The Reserve Bank of India manages the country's forex reserves.
Q4.What is the current limit of IMPS per transaction for individuals?
- A.₹1 lakh
- B.₹2 lakh
- C.₹5 lakh
- D.No limit
Show answer
Answer: C. ₹5 lakh
IMPS personal transaction limit has been enhanced to ₹5 lakh.
Q5.Who publishes the Index of Industrial Production (IIP)?
- A.RBI
- B.MOSPI
- C.SEBI
- D.NABARD
Show answer
Answer: B. MOSPI
The Ministry of Statistics and Programme Implementation (MOSPI) publishes the IIP.
Frequently Asked Questions
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Can I attempt Banking & Finance Quiz 7 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.