Indian Financial System Quiz 2
Practice quiz on Indian Financial System (Financial Awareness). 5 real exam questions.
About This Quiz
Indian Financial System 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.In which year was the Indian Air Force established?
- A.1911
- B.1932
- C.1942
- D.1950
Show answer
Answer: B. 1932
The Indian Air Force was formed on 8 October 1932.
Q2.‘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.
Q3.Which Indian bank is known as the country's largest public sector bank?
- A.Punjab National Bank
- B.Bank of Baroda
- C.State Bank of India
- D.Canara Bank
Show answer
Answer: C. State Bank of India
State Bank of India is the largest public sector bank in India.
Q4.Which Indian state has longest coastline?
- A.Kerala
- B.Tamil Nadu
- C.Gujarat
- D.Odisha
Show answer
Answer: C. Gujarat
Gujarat has longest coastline.
Q5.The Indian flag was designed by:
- A.Rabindranath Tagore
- B.Pingali Venkayya
- C.Gandhi
- D.Bose
Show answer
Answer: B. Pingali Venkayya
Pingali Venkayya designed the Indian national flag.
Frequently Asked Questions
Is Indian Financial System Quiz 2 free to attempt on AajExam?
Yes. Indian Financial System 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 Indian Financial System Quiz 2?
Indian Financial System 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 Indian Financial System 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 Indian Financial System 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?
Indian Financial System 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.