Financial Inclusion Quiz 5
Practice quiz on Financial Inclusion (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Inclusion Quiz 5 — 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 current upper limit for UPI Lite wallet balance as per guidelines?
- A.₹500
- B.₹1000
- C.₹2000
- D.₹4000
Show answer
Answer: C. ₹2000
UPI Lite allows up to ₹2000 balance in the on-device wallet.
Q2.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.
Q3.Which of the following is NOT a Direct Tax?
- A.Income Tax
- B.Corporate Tax
- C.GST
- D.Capital Gains Tax
Show answer
Answer: C. GST
GST is an indirect tax on supply of goods and services.
Q4.Government of India’s shareholding in public sector banks is maintained through which entity?
- A.RBI
- B.NABARD
- C.Ministry of Finance
- D.LIC
Show answer
Answer: C. Ministry of Finance
PSB ownership rests with the Department of Financial Services under the Ministry of Finance.
Q5.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.
Frequently Asked Questions
Is Financial Inclusion Quiz 5 free to attempt on AajExam?
Yes. Financial Inclusion Quiz 5 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 Financial Inclusion Quiz 5?
Financial Inclusion Quiz 5 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 5 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 5 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.