Indian Financial System Quiz 6
Practice quiz on Indian Financial System (Financial Awareness). 5 real exam questions.
About This Quiz
Indian Financial System Quiz 6 — 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 index is published by SEBI?
- A.Sensex
- B.Nifty
- C.Securities Market Information
- D.None
Show answer
Answer: D. None
SEBI regulates markets but does not publish indices; Sensex belongs to BSE, Nifty to NSE.
Q2.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.
Q3.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.
Q4.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.
Q5.Which tax is levied on import of goods?
- A.Excise Duty
- B.Customs Duty
- C.Service Tax
- D.Sales Tax
Show answer
Answer: B. Customs Duty
Customs Duty is charged on imported goods.
Frequently Asked Questions
Is Indian Financial System Quiz 6 free to attempt on AajExam?
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How long does it take to complete Indian Financial System Quiz 6?
Indian Financial System Quiz 6 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 6 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 6 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.