Financial Terms Quiz 2
Practice quiz on Financial Terms (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Terms Quiz 2 — 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 organization regulates mutual funds in India?
- A.RBI
- B.IRDAI
- C.SEBI
- D.AMFI
Show answer
Answer: C. SEBI
SEBI lays down the regulatory framework for mutual funds.
Q2.What is the current overseas investment limit for Indian mutual funds?
- A.$5 billion
- B.$7 billion
- C.$10 billion
- D.$2 billion
Show answer
Answer: B. $7 billion
SEBI allows mutual funds to invest up to $7 billion overseas.
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.Which body regulates NBFCs in India?
- A.RBI
- B.SEBI
- C.SIDBI
- D.IRDAI
Show answer
Answer: A. RBI
The Reserve Bank of India regulates the licensing and operations of NBFCs.
Q5.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.
Frequently Asked Questions
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Yes. Financial Terms Quiz 2 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 Terms Quiz 2?
Financial Terms Quiz 2 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 Terms Quiz 2 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 Terms Quiz 2 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 Terms 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.