Financial Inclusion Quiz 3
Practice quiz on Financial Inclusion (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Inclusion 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.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.
Q2.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.
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 maximum deposit limit under PM Jan Dhan Yojana for a savings account?
- A.₹1 lakh
- B.₹2 lakh
- C.₹50,000
- D.₹1.5 lakh
Show answer
Answer: B. ₹2 lakh
The revised JDY deposit limit is ₹2 lakh.
Q5.What is the term for inflation adjusted for base-year prices?
- A.Headline inflation
- B.Core inflation
- C.Real inflation
- D.Wholesale inflation
Show answer
Answer: C. Real inflation
Real inflation (real rate) factors in base-year price levels.
Frequently Asked Questions
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How long does it take to complete Financial Inclusion Quiz 3?
Financial Inclusion 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 Financial Inclusion 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 Financial Inclusion 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?
Financial Inclusion 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.