Indian Financial System Quiz 7
Practice quiz on Indian Financial System (Financial Awareness). 5 real exam questions.
About This Quiz
Indian Financial System Quiz 7 — 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 Indian scientist is known for the Raman Effect?
- A.C.V. Raman
- B.Homi Bhabha
- C.A.P.J. Abdul Kalam
- D.S.N. Bose
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Answer: A. C.V. Raman
C.V. Raman won the Nobel Prize for Raman Effect.
Q2.The Chipko Movement is associated with which Indian state?
- A.Himachal Pradesh
- B.Uttarakhand
- C.Jharkhand
- D.Assam
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Answer: B. Uttarakhand
Chipko Movement began in the Himalayan region of Uttarakhand (then UP).
Q3.Who was the first Indian to receive the Bharat Ratna?
- A.Dr. Radhakrishnan
- B.C. Rajagopalachari
- C.Jawaharlal Nehru
- D.S. Chandrasekhar
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Answer: B. C. Rajagopalachari
C. Rajagopalachari was one of the first recipients of Bharat Ratna in 1954.
Q4.What is the current limit of IMPS per transaction for individuals?
- A.₹1 lakh
- B.₹2 lakh
- C.₹5 lakh
- D.No limit
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Answer: C. ₹5 lakh
IMPS personal transaction limit has been enhanced to ₹5 lakh.
Q5.What is the term for inflation adjusted for base-year prices?
- A.Headline inflation
- B.Core inflation
- C.Real inflation
- D.Wholesale inflation
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Answer: C. Real inflation
Real inflation (real rate) factors in base-year price levels.
Frequently Asked Questions
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Indian Financial System Quiz 7 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.
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Can I attempt Indian Financial System Quiz 7 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.