Banking Awareness Quiz for IBPS RRB VI Office Assistants Main Exam 2017

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1. As per the Companies Act amended in 2013, what is the maximum age for retirement for MD/CEO of all private banks is :
   1. 60 years
   2. 62 years
   3. 65 years
   4. 70 years
   5. None of these
2. What are the main objectives of the Export-Import Bank (EXIM Bank) ?
   1. To ensure an integrated and coordinated approach to solving the problems of exporters
   2. To provide special attention to capital goods export and export of technical services
   3. To tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports
      
   4. To provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports
   5. All the above
3. When did the National Bank of Agriculture and Rural Development establish ?
   1. July, 1982
   2. July, 1969
   3. June, 1951
   4. June, 1961
   5. July, 1983
4. The nomination facility in respect of safe custody is not available :
   1. When the customer is an individual
   2. In respect of articles deposited by two or more individuals
   3. In the case of articles deposited by firms and companies
   4. When the customer is a sole trader (proprietary)
   5. All the above
5. The Govt. of India set up the Export-Import Bank of India in :
   1. January, 1982
   2. January, 1993
   3. March, 1971
   4. June, 1969
   5. May , 1982
6. 'Financial Exclusion' is :
   1. Exclude the Finance
   2. Lack of Access to Financial Services
   3. Instability of Financial Services
   4. Instability Service
   5. None of these
7. The money market instrument developed by COIL (Clearing Corporation of India Ltd.) is called :
   1. CD (Certificate of deposit)
   2. CP (Commercial paper)
   3. CBLO (Collateralized Borrowing And Lending Obligation)
   4. FD (Fixed deposit)
   5. None of these
8. Any appeal against order of the Recovery Officer of DRT(Debt Recovery Tribunal) can be filed with :
   1. The Presiding Officer of the DRT
   2. Chairperson of the DRAT
   3. Deputy Governor of RBI
   4. Either 1 or 3
   5. Either 2 or 3
9. Number of digits in PAN card is :
   1. 10
   2. 12
   3. 15
   4. 20
   5. 7 
10. Increase in Net Working Capital of a firm indicates that :
    1. Current assets are being financed by long term sources
    2. Current liabilities are being used for financing long term uses
    3. The firm is relying heavily on borrowed funds
    4. All above
    5. None of these
11. EBT stands for :
    1. Electronic Beginning Transaction
    2. Electronic Benefit Transfer
    3. Electric Belated Transfer
    4. Electrical Balance Transaction
    5. None of these
12. What is the amount of capital subsidy available under National Rural Livelihood Mission (NRLM) scheme ?
    1. 30% for individuals
    2. 50% for self-help group
    3. 40% for SC/ST
    4. 20% for all who avail loan facility
    5. No capital subsidy is available
13. A financial product, which is driving its value from another financial product is called :
    1. Forward Contract
    2. Swap
    3. Derivative
    4. Currency futures
    5. Reverse Repo
14. Tax Attachment order is not applicable to :
    1. Savings
    2. Current
    3. FD
    4. CC/OD(Cash credit and Overdraft) with debit balance
    5. 1 & 2 only
15. Capital Adequacy ratio of a bank is calculated by dividing capital fund with ________ and multiplying by 100.
    1. total assets
    2. tangible assets
    3. risk weighted assets
    4. risky assets
    5. All assets except cash balance with RBI and investment in Govt. securities

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