Digital Banking Quiz 9
Practice quiz on Digital Banking (Banking Awareness). 5 real exam questions.
About This Quiz
Digital Banking 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.Who regulates the insurance sector in India?
- A.IRDAI
- B.RBI
- C.SEBI
- D.PFRDA
Show answer
Answer: A. IRDAI
Insurance Regulatory and Development Authority of India oversees insurers.
Q2.Which entity manages the Repo and Reverse Repo auctions?
- A.SEBI
- B.RBI
- C.NPCI
- D.DEA
Show answer
Answer: B. RBI
RBI conducts Liquidity Adjustment Facility auctions comprising repo and reverse repo.
Q3.Which institution publishes the 'World Economic Outlook'?
- A.World Bank
- B.UNDP
- C.IMF
- D.ADB
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Answer: C. IMF
The International Monetary Fund releases the World Economic Outlook report.
Q4.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.
Q5.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.
Frequently Asked Questions
Is Digital Banking Quiz 9 free to attempt on AajExam?
Yes. Digital Banking Quiz 9 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 9?
Digital Banking 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 Digital Banking 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 Digital Banking 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?
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.