Digital Banking Quiz 3
Practice quiz on Digital Banking (Banking Awareness). 5 real exam questions.
About This Quiz
Digital Banking 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.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.
Q2.NSDL and CDSL are related to which area?
- A.Insurance
- B.Securities Depositories
- C.Mutual Funds
- D.Bank Lending
Show answer
Answer: B. Securities Depositories
NSDL and CDSL are depositories that hold securities in dematerialised form.
Q3.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.
Q4.Which payment system is used for large-value, real-time gross settlement?
- A.IMPS
- B.RTGS
- C.NEFT
- D.UPI
Show answer
Answer: B. RTGS
RTGS settles large-value transactions (₹2 lakh and above) in real time.
Q5.Which of the following is a component of M1 money supply?
- A.Time deposits
- B.Demand deposits
- C.Post-office savings
- D.Gold holdings
Show answer
Answer: B. Demand deposits
M1 includes currency with public, demand deposits and other deposits with RBI.
Frequently Asked Questions
Is Digital Banking Quiz 3 free to attempt on AajExam?
Yes. Digital Banking 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 Digital Banking Quiz 3?
Digital Banking 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 Digital Banking 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 Digital Banking 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?
Digital Banking 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.