Digital Banking Quiz 6
Practice quiz on Digital Banking (Banking Awareness). 5 real exam questions.
About This Quiz
Digital Banking 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.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 instrument indicates short-term government borrowing?
- A.Government Bonds
- B.Treasury Bills
- C.Treasury Stock
- D.Debentures
Show answer
Answer: B. Treasury Bills
Treasury Bills (T-Bills) are issued with maturities less than 364 days.
Q3.Which of the following is a fiscal tool?
- A.Repo Rate
- B.CRR
- C.Government Spending
- D.Statutory Liquidity Ratio
Show answer
Answer: C. Government Spending
Fiscal policy tools include taxation and government spending.
Q4.Which rate is used by RBI to lend money to banks for overnight liquidity?
- A.MSF
- B.Repo
- C.Reverse Repo
- D.Bank Rate
Show answer
Answer: A. MSF
Marginal Standing Facility (MSF) is the overnight borrowing window for banks.
Q5.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.
Frequently Asked Questions
Is Digital Banking Quiz 6 free to attempt on AajExam?
Yes. Digital Banking Quiz 6 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 6?
Digital Banking 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.
Are detailed solutions provided?
Yes. Every question on Digital Banking 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 Digital Banking 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?
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.