Financial Terms Quiz 8
Practice quiz on Financial Terms (Banking Awareness). 5 real exam questions.
About This Quiz
Financial Terms Quiz 8 — 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.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.
Q2.Which committee recommended the creation of GST in India?
- A.Kelkar Committee
- B.Vijay Kelkar Task Force
- C.Jha Committee
- D.Narasimham Committee-I
Show answer
Answer: B. Vijay Kelkar Task Force
The Vijay Kelkar Task Force recommended introduction of GST.
Q3.Which payment system is based on 'Immediate Payment Service'?
- A.NEFT
- B.RTGS
- C.IMPS
- D.UPI
Show answer
Answer: C. IMPS
IMPS enables instant 24×7 fund transfers.
Q4.Which of the following is NOT part of the capital market?
- A.Equity
- B.Corporate Bonds
- C.Commercial Paper
- D.Mutual Funds
Show answer
Answer: C. Commercial Paper
Commercial Paper is a money market instrument, not capital market.
Q5.Which organization issues Kisan Credit Card (KCC) guidelines?
- A.IRDAI
- B.RBI
- C.NABARD
- D.Ministry of Agriculture
Show answer
Answer: C. NABARD
NABARD frames KCC norms for lending institutions.
Frequently Asked Questions
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How long does it take to complete Financial Terms Quiz 8?
Financial Terms Quiz 8 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 8 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 8 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.