Financial Terms Quiz 5
Practice quiz on Financial Terms (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Terms 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.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.Which payment system is used for large-value, real-time gross settlement?
- A.IMPS
- B.RTGS
- C.NEFT
- D.UPI
Show answer
Answer: B. RTGS
RTGS settles large-value transactions (₹2 lakh and above) in real time.
Q3.What does the term 'FIU-IND' stand for?
- A.Financial Investigation Unit
- B.Financial Intelligence Unit-India
- C.Foreign Investment Union
- D.Fiscal Information Unit
Show answer
Answer: B. Financial Intelligence Unit-India
FIU-IND is the Financial Intelligence Unit-India capturing suspicious transaction reports.
Q4.Which entity issues RuPay cards?
- A.NPCI
- B.RBI
- C.SBI
- D.NABARD
Show answer
Answer: A. NPCI
RuPay is the domestic card network operated by NPCI.
Q5.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.
Frequently Asked Questions
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How long does it take to complete Financial Terms Quiz 5?
Financial Terms 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 Terms 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 Terms 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 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.