Banking & Finance Quiz 9
Practice quiz on Banking & Finance (Economy). 5 real exam questions.
About This Quiz
Banking & Finance Quiz 9 — 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 term for bonds issued at a price lower than their face value?
- A.Premium Bonds
- B.Discount Bonds
- C.Floating Bonds
- D.Zero Bonds
Show answer
Answer: B. Discount Bonds
Discount bonds are issued below their face value.
Q2.Which scheme supports pension for unorganized workers?
- A.PMJJBY
- B.PM-SYM
- C.PMSBY
- D.PMGKY
Show answer
Answer: B. PM-SYM
Pradhan Mantri Shram Yogi Maandhan (PM-SYM) provides pension to unorganised workers.
Q3.What is the full form of CRAR used in banking?
- A.Credit Risk Asset Ratio
- B.Capital to Risk-weighted Assets Ratio
- C.Cash Reserve and Asset Ratio
- D.Capital Rating and Assessment Ratio
Show answer
Answer: B. Capital to Risk-weighted Assets Ratio
CRAR stands for Capital to Risk-weighted Assets Ratio under Basel norms.
Q4.What is the minimum capital requirement for Small Finance Banks?
- A.₹50 crore
- B.₹100 crore
- C.₹200 crore
- D.₹500 crore
Show answer
Answer: B. ₹100 crore
SFBs must maintain ₹100 crore of paid-up capital.
Q5.Which account is used for foreign currency transactions by NRIs?
- A.NRE Account
- B.NRO Account
- C.FCNR Account
- D.PMJDY Account
Show answer
Answer: C. FCNR Account
FCNR accounts allow funds to be held in foreign currency.
Frequently Asked Questions
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Banking & Finance Quiz 9 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 9 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 9 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.