Financial Terms Quiz 4
Practice quiz on Financial Terms (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Terms Quiz 4 — 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 ministry releases the Economic Survey of India?
- A.Ministry of Commerce
- B.Ministry of Statistics
- C.Ministry of Finance
- D.NITI Aayog
Show answer
Answer: C. Ministry of Finance
The Economic Survey is prepared under the Chief Economic Adviser in the Ministry of Finance.
Q2.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.
Q3.‘Call Money Market’ deals with funds borrowed for what period?
- A.1–14 days
- B.15–30 days
- C.Up to 1 year
- D.Intradaily only
Show answer
Answer: A. 1–14 days
Call money refers to overnight funds (up to 1 day) while notice money extends up to 14 days; together they cover 1–14 days.
Q4.Which institution publishes the 'World Economic Outlook'?
- A.World Bank
- B.UNDP
- C.IMF
- D.ADB
Show answer
Answer: C. IMF
The International Monetary Fund releases the World Economic Outlook report.
Q5.Which bank launched the 'YONO' digital banking platform?
- A.ICICI Bank
- B.HDFC Bank
- C.State Bank of India
- D.Axis Bank
Show answer
Answer: C. State Bank of India
YONO (You Only Need One) was launched by State Bank of India.
Frequently Asked Questions
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How long does it take to complete Financial Terms Quiz 4?
Financial Terms Quiz 4 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 4 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 4 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.