Banking Duniya: January 2015

Home Archives for January 2015

18th & 19th January 2015 - GK Questions

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Banking

GK Updates

1. Mukherjee launches Pulse Polio Immunization Programme

i. President Pranab Mukherjee launched the Pulse Polio Immunization Programme by administering polio drops to children at Rashtrapati Bhavan.
ii. The National Immunization Day was held on 18th Jannuary when children under 5 years age were given polio drops as part of the Government's drive to sustain polio eradication from the region.
iii. India has been implementing the Pulse Polio Programme since 1995.
iv. In India, the last case of wild polio was reported on January 13, 2011. The South-East Asia region of WHO has been certified on March 27, 2014 as "polio free", meaning that transmission of wild poliovirus has been interrupted in this block of 11 countries including India, Bangladesh, Bhutan, Democratic People’s Republic of Korea, Indonesia, Maldives, Myanmar, Nepal, Sri Lanka, Thailand and Timor-Leste for the last three years.

2. Manjul Bhargava to lead Prime Minister Narendra Modi’s teach in India programme

i. Fields medallist Manjul Bhargava will be the face and facilitator of Prime Minister Narendra Modi's pet education project to rope in eminent scholars and scientists abroad to teach students at IITs and central universities.
ii. Bhargava, who is the first person of Indian origin to win the coveted international prize for his work in mathematics agreed to 'recruit' scientists in the US and across the world to participate in the Global Initiative of Academic network (GIAN), a shortterm teaching programme under which scholars abroad will be invited to teach in India.
iii. GIAN is Prime Minister Narendra Modi's brainchild. The project is expected to figure once again on the Indian agenda when Obama arrives here.

3. Twitter ropes in Taranjeet Singh to head business in India

i. Microblogging site Twitter has hired Taranjeet Singh as business head for its operations in India.
ii. Singh will responsible for increasing commercial opportunities for Twitter and work closely with brands and agencies to maximise the value of real-time marketing for live public conversations.
iii. Taranjeet has more than 19 years of sales and business development experience. He was previously sales director of South Asia for BBC Advertising.

4. 24 Children, including 8 girls selected for National Bravery Awards

i. Four of the awards have been given posthumously. The children will receive their awards from Prime Minister Narendra Modi on the 24th of January, and will also participate in the Republic Day parade.
ii. 16 year old Resham Fatma of Uttar Pradesh, a victim of Acid attack, will be conferred the Bharat Award for showing exemplary courage while fighting off her tormentor, whose marriage proposal she had turned down.
iii. The prestigious Geeta Chopra Award has been conferred on 13 year old Gunjan Sharma of Assam who displayed exemplary valor in saving her friends from the clutches of the abductor.
iv. The Sanjay Chopra Award has been given to 16 year old Master Devesh Kumar of Uttar Pradesh who displayed outstanding courage while confronting two chain-snatchers.

5. PSU bank employees to hold 4-day strike from Jan 21 on wage revision issue

i. Public sector bank (PSB) employees have decided to go on a 4-day strike from January 21 to protest against the "rigid and callous attitude" of Central Government in resolving the long pending wage revision issue.
ii. The decision is in response to the strike call given by United Forum Of Bank Unions, which has more than ten lakh employees and officers of banking Industry under its umbrella.
iii. The wage revision for bank employees is due from November one, 2012

6. Indian-American Frank Islam receives Martin Luther award

i. An eminent Indian-American entrepreneur and philanthropist Frank Islam has been presented with the prestigious Martin Luther King Jr. Award.
ii. He is awarded in recognition of his contribution to the legacy of the great leader through his efforts in international service and civil engagement.
iii. The award, which carries the name of Martin Luther King Jr., an apostle of peace, is about building bridges between humanity.
iv. The award was presented to Islam by Harry Johnson, president of the Memorial Foundation Inc. and one of the honorary vice chairs of the event, which was held at Willard Intercontinental

7. Telecom Commission clears Rs 3700-cr base price for 2,100-MHz

i. The Telecom Commission (TC) approved a base price of Rs 3,700 crore for each MHz of 2,100-MHz spectrum to be auctioned on February 25.
ii. The final reserve price is 36 per cent higher than the Rs 2,720 crore recommended by the Telecom Regulatory Authority of India (TRAI).
iii. The previous Telecom auction was cancelled amid the speculation of bad and crony practices in the bandwidth allocation.

8. Kudankulam Nuclear Plant Restarts Power Generation

i. Power generation at the Kudankulam Nuclear Power Project (KNPP) has restarted after the first unit's reactor and turbine tripped on January 14, said Power System Operation Corporation Ltd. (POSCO).
ii. India's atomic power plant operator Nuclear Power Corporation of India Ltd. (NPCIL) is setting up two 1,000 MW Russian reactors at Kudankulam in Tirunelveli district, 650 km from Chennai.
iii. Ever since the first unit at KNPP started commercial generation December 31, 2014 it has been producing around 940 MW per day or around 2.25 crore units per day.

9. AB de Villiers: South Africa batsman smashes century record

i. South Africa batsman AB de Villiers hit a century off 31 balls to record the fastest ever one-day international ton.
ii. De Villiers, 30, set the new landmark during an innings of 149 against the West Indies in Johannesburg.
iii. He smashed nine fours and 16 sixes in beating the previous ODI record of 36 balls by New Zealand all-rounder Corey Anderson against West Indies last year.
iv.South Africa scored 439-2 as they registered their highest ever ODI score, beating the 438-9 in a win against Australia in March 2006.

10. Sydney Open 2015 Winners

i. Czech Petra Kvitova beats compatriot Karolina Pliskova to win the Women's Sydney International.
Viktor Troicki
ii. The world No.4 and second seed needed to win two tie-breakers to clinch victory over her team mate in a big hitting contest at the Ken Rosewell Arena.
iii. While in the Men's section, Viktor Troicki crushed fellow qualifier Mikhail Kukushkin 6-2, 6-3 in the final of the Sydney International.
iv. In the first ATP final in history featuring two qualifiers, Troicki dispatched Kukushkin in 64 minutes after breaking the Kazakh twice in each set.

NICL Assistant Exam 2014 General Knowledge (GK) Questions

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Previous Questions

The below given questions were asked in the NICL Assistnat Exam in 2014. So prepara these type of question from the upcoming NICL Assistnat Exam.

Author of dramatic decade - Pranab Mukerjee
NOTE printed 2005 extended up to - June 30 2015
Capital of Germany - Berlin
Indian external affairs minister - Sushma Swaraj
ING Vyasa bank merged with which Bank- Kotak Mahindra
Governenc Day celebrated on the birthday of - Atal Bihari Vajpayee
Monthly composite index started by which bank - SBI
Sole re-insurance company of india - GIC
Nikkei Stock Exchange is of which country - Japan
Medicine Nobel prize.. Two name given one name asked
Maitri project is in association with India and ? - France
World Consumer Rights Day - 15th March
Indian science congress held at - University of Mumbai
2018- common wealth game venue - Gold Coast
J. Gutta is associated with which game? - Badminton
Share of tata sons in vistara - 51%
Angara-A5 rocket launch by which country - Russia
2015 worlcup cricket ambasador - Sachin Tendulkar
satpura ranges lies from - Gujrat to Madhya Pradesh
Full form of NITI - National Institute for Transforming India

Reasoning Quiz Question

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Reasoning

Directions (Q.1 - 5): In each question below, a question is followed by information given in statements. You have to decide the information given in which of the following statement is necessary to answer the question.

1. How many days did Rihana take to complete her assignment work?
I. Krish correctly remembers that Rihana took more than two days but less than seven days to complete her assignment.
II. Pavitra correctly remembers that Rihana took more than 5 days but less than 10 days to complete her assignment.
III. Arayan correctly remembers that Rihana completed her assignment within 12 days.

1) All I, II & III together
2) Only II
3) Only I and II
4) Only I and III
5) None of these

2. Ayana is in which direction with respect to Ritu?
I. Manav is to the south of Ritu and Ayana is to the east of Pihu who is to the north of Manav.
II. Pihu is to the south of Ritu.
III. Pihu is to the west of Tilak.

1) Only I
2) Only II & III
3) All
4) Only I & II
5) None of these

3. How many sisters Ritesh have? Ritesh is a boy.
I. Kavita, the mother of Ritesh, is the only child of Monika. Monika has only two grand children.
II. Sarvesh, the son-in-law of Monika, has a son and a daughter.

1) Only I
2) Only II
3) Both I & II
4) Either I or II
5) Neither I nor II

4. Among A, B, C, D and E sitting in a row, facing east, who its exactly in the middle of the line?
I. D sits third to the left of B. D is an immediate neighbour of both A and E.
II. Two people sit between E and C. C does not sit at either of the extreme ends. A sits second to the right of E.

1) Only I
2) Only II
3) Both I and II
4) Either I or II
5) Neither I nor II

5. How is 'Sweet' coded in a code language?
I. 'I love sweet chocolate' is written as 'qa la ti mi' and 'she is sweet girl is written as 'ja ra mi ka'.
II. 'Bright and Sweet' is written as 'zi mi na' and 'who is sweet' is written as 'mi yo di'.

1) Only I
2) Only II
3) either I or II alone
4) neither I nor II
5) both I & II

Directions (6 -10): Study the following information and answer the questions following it:

A festival was held by The Times of India group in the capital of India. In this festival Ken, Tim, Kat and Aish, each won a first place in one of the four events: jumping, dancing, singing and swimming, not necessarily in that order. Curiously, each winner also won a second place and a third place in two other of these four events.

Study the following clues and answer the questions that follow:
(i) The one who was placed second in swimming was third in dancing.
(ii) The winner of the singing contest was placed third in swimming.
(iii) Aish did not come first in jumping or dancing.
(iv) Aish was a close second behind Kat in one of the four events.
(v) Tim was placed third in singing, but did not get a place in jumping, and was not first in dancing.

6. Who is the winner in the swimming event?

(1) Ken
(2) Tim
(3) Kat
(4) Aish
(5) Both Kat and Tim

7. Which of the following is/are correct?
I. Kat won first position in jumping.
II. Kat won second position in swimming.
III. Kat won third position in dancing.

(1) Only I
(2) Only II
(3) Only III
(4) All I, II and III
(5) None of these

8. Which of the following is/are wrong?
I. Ken won first position in jumping.
II. Ken won second position in swimming.
III. Ken won third position in dancing.

(1) Only II and III
(2) Only I and III
(3) Only I and II
(4) All I, II and III
(5) None of these

9. Who among the following did not occupy any position, from 1st, 2nd and 3rd, in singing?

(1) Kat
(2) Ken
(3) Tim
(4) Aish
(5) Can’t say

10. Who among the following did not occupy any position, from 1st, 2nd and 3rd, in swimming?

(1) Can’t say
(2) Kat
(3) Ken
(4) Tim
(5) None of these

ANSWERS

Solutions (1-5)

1. 3;
(i) 7 days < 2 days
(ii) 10 days < 5 days
From (i) & (ii) we can find the days he took.

2. 4;

3. 3;

Only (i) & (ii)

4. 4;
E D A __ B
E __ A C __
Either I or II

5. 3;
I ---> qa
Love ---> la
Sweet ---> ti
Chocolate ---> mi

Solutions (6-10)
Solutions (6-10)

	Jumping	Dance	Singing	Swimming
I	Kat	Ken	Aish	Tim
II	Aish	Tim	Ken	Kat
III	Ken	Kat	Tim	Aish

6. 2
7. 4
8. 4
9. 1
10. 3

Reasoning Question For Bank Exams

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Reasoning

In the following questions(1-4), the symbol × , ∂ , % , © , @ , are used with the following illustrations.

P % Q means P is not smaller than Q
P © Q means P is neither smaller than nor equal to Q
P x Q means P is neither greater than nor equal to Q
P ∂ Q means P is not greater than Q
P @ Q means P is neither greater than nor smaller than Q

1. Statement – R ∂ K ; K x M ; M @ J
Conclusions -:
I. J © K
II. M © R
III. R X J

A. Only I & I are true
B. Only II & III are true
C. Only I & III are true.
D. All I, II & III are true
E. None of these

2. Statements – Z @ M ; M © K ; K X F
Conclusions - :
I. F © Z
II. K X Z
III. F © M

A. None is true
B. Only I is true
C. Only II is true
D. Only III is true
E. Only II & III are true.

3. Statements – V % H ; H @ F ; F ∂ E
Conclusions :-
I. F @ V
II. F X V
III. E % H

A. Only either I or II is true
B. Only III is true
C. Only I & II are true
D. All I, II & III are true.
E. Only either I or II and three are true.

4. Statements – W © T ; T ∂ N ; N % D
Conclusions :-
I. D X T
II. W © N
III. D @ T

A. None in True
B. Only I is true
C. Only II is true
D. Only III is true
E. Only I & II are true

In the following questions(5-8), the Symbols @, ©, $ , % and # are used with the following meanings as illustrated below.

'A $ B' means 'A is not smaller than B'.
'A # B' means 'A is not greater then B'.
'A @ B' means 'A is neither smaller than nor equal to B'.
'A © B' means 'A is neither smaller than nor greater than B'.
'A % B' means 'A is neither greater than nor equal to B'.

In each of the following question assuming the given statements to be true, find out which of the two conclusions I and I I given below these are definitily true.

5.Statements: H % J, J © N, N @ R
Conclusions:
I. R % J
II. H @ J
III. N @ H

A. Only II is true
B. Only I and III are true
C. Only I is true
D. Only III is true
E. None of these

6. Statements: M @ J, J $ T, T © N
Conclusions:
I. N # J
II. T %M
III. M @ N

A. Only I and II are true
B. Only II and III are true
C. Only I and III are true
D. None of true
E. All are true

7.Statements: D © K, K # F, F @ P
Conclusions:
I. P @ D
II. K # P
III. F $ D

A. Only II is true
B. Only I and II are true
C. Only III is true
D. Only II and III are true
E. None of these

8.Statements: K # N, N $ T, T % J
Conclusions:
I. J @ N
II. K @ T
III. T @ K

A. Only I and II are true
B. Only II and III is true
C. Only I and III are true
D. None is true
E. None of these

In the following questions(9-12) , the Symbols @, #, $ , % and * are used with the following meanings as illustrated below.

'A $ B' means 'A is not smaller than B'.
'A % B' means 'A is not greater then B'.
'A @ B' means 'A is neither smaller than nor equal to B'.
'A * B' means 'A is neither greater than nor smaller than B'.
'A # B' means 'A is neither greater than nor equal to B'.

In each of the following question assuming the given statements to be true, find out which of the three conclusions I,II and III given below them is/are definitily true.

9. Statements: D * Q, Q @ L, L $ B, B # G
Conclusions:
I. D @ B
II. B * D
III. G @ L

A. Either I or II only
B. I and II only
C.) I only
D. II and III only
E. None of these

10. Statements: Z @ Y, Y # K, K % M, M @ T
Conclusions:
I. Z @ M
II. Y @ T
III. Z # K

A. I only
B. II and III only
C. Either I or II only
D. All I,II and III
E. None of these

11.Statements: P # M, M % R, R * T, T # L
Conclusions:
I. P # M
II. P * R
III. M % L

A. I only
B. I and II only
C. Either I or III only
D. All I,II and III
E. None is true

12.Statements: F @ H, M % H, M $ R, G * M
Conclusions:
I. F $ R
II. F @ R
III. H $ G

A. I only
B. II and III only
C. Either I or III only
D. All I,II and III
E. None is true

Answers with solutions

P % Q means P is not smaller than Q ----------------- [ P≥ Q ]
P © Q means P is neither smaller than nor equal to Q --- [ P > Q]
P x Q means P is neither greater than nor equal to Q --------- [ P < Q ]
P ∂ Q means P is not greater than Q ---------- [ P ≤ Q ]
P @ Q means P is neither greater than nor smaller than Q------- [ P=Q ]

1. (D) Statement – R ∂ K ; K x M ; M @ J
R ≤ K < M = J
Conclusions -:
I. J © K ------- [ J > K ]
II. M © R ---- [ M > R ]
III. R X J ------ [ R < J ]
Clearly All the conclusions are true

2 -(C) Statements – Z @ M ; M © K ; K X F
Z = M > K < F
Conclusions - :
I. F © Z ---------- [ F > Z ] cannot be said.
II. K X Z --------- [ K < Z ] Surely it is
III. F © M -------- [ F > M ] cannot be said
So Only II is correct.

3- (E)Statements – V % H ; H @ F ; F ∂ E
V ≥ H = F ≤ E
Conclusions :-
I. F @ V ---- [ F=V ] not sure may nor may not be
II. F X V --------- [ F < V ] Not sure may or may not be
III. E % H ------- [ E ≥ H ] Surely.
But here F= H & H ≤ V so indirectly F≤V so either F= V or F < V but not both at a time, but atleast one has to hold. So either I or II should be there and III is always right. So answer is either I or II & III are correct.

4 -(A) Statements – W © T ; T ∂ N ; N % D
Means – W > T
N ≥ T
N ≥ D
Conclusions :-
I. D X T ----- [ D < T ] cannot be said. No idea of relation between them
II. W © N -- [ W > N ] cannot be said
III. D @ T -- [ D = T ] cannot be said.
So here None is true.

A $ B means A not a lessthan B Therefore, A = B
A # B means A not a greater than B Therefore, A = B
A @ B means A not a lessthan B and A ? B Therefore, A = B
A © B means A not a lessthan B and A !> B Therefore, A = B
A % B means A not a greater than B and A ? B Therefore, A < B

5.(B) H % J = H < J
J © N = J = N
N @ R = N > R
Therefore, H < J = N > R

Conclusions:
I. R % J = R < J ( True )
II. H @ J =H > J ( Not true)
III. N @ J =N > H (True)

6.(E)
M % J = M > J
J $ T = J = T
T © N =T = N
Therefore, M > J = T = N

Conclusions:
I. N # J = N = J ( true )
II. T % M = T < M ( true)
III. M @ N =M > N ( true)

7.(C)
D © K -> D = K
K # F -> K = F
F @ P -> F > P
Therefore, D = K = F > P

Conclusions:
I. P @ D -> P > D ( Not true )
II. K # P -> K = P ( Not true )
III.F $ D -> F = D ( True )

8. (D)
K # N -> K = N
N $ T -> N = T
T % J -> T > J
Therefore, K = N = T > J
Conclusions:
I. J @ N -> J > N ( Not true )
II. K @ T -> K > T ( Not true )
III.T @ K -> T > K ( Not true )

9. (C)
Statements D * Q -> D = Q
D @ L -> Q > L
L $ B -> L = B
B # G -> B < G
Therefore, D = Q > L = B < G
Conclusions:
I. D @ B -> D > B ( True )
II. B * D -> B = D ( Not true)
III.G @ L -> G < L (Not true)

10.(E)
Statements: Z @ Y -> Z > Y
Y # K -> Y < K
K % M -> K = M
M @ T -> M > T
Therefore, Z > Y < K = M > T
Conclusions:
I. Z @ Y -> Z > Y (Not true )
II. Y @ T -> Y > T ( Not true)
III.Z # K -> Z < K (Not true)

11.(A)
Statements: P # M -> p < M
M % R -> M = R
R * T -> R = T
T # L -> T < L
Therefore, P < M = R = T < L
Conclusions:
I. P # R -> P < R ( true )
II. P * R -> P = R ( Not true)
III. M % L -> M = L (Not true)

12.(B)
Statements: F @ H -> F > H
M % H -> M = H
M $ R -> M = R
G * M -> G = M
Therefore, G > H = M = G = R
Conclusions:
I. F $ R -> F = R (Not true )
II. F @ R -> F > R ( true)
III.H $ G -> H = G ( true)

Financial Inclusion and Business Correspondents

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General Knowledge

With the objective of ensuring greater financial inclusion and increasing the outreach of the banking sector, RBI decided in public interest to enable banks to use the services of NGO’s / SHGs and Micro Finance Institutions (MFIs) as intermediaries in providing financial and banking services through the use of Business Facilitator and Correspondent.

Business Corresponden

Under the 'Business Correspondent' Model, NGOs/ MFIs set up under Societies/ Trust Acts, Societies registered under Mutually Aided Cooperative Societies Acts or the Cooperative Societies Acts of States, In engaging such intermediaries as Business Correspondents, banks should ensure that they are well established, enjoying good reputation and having the confidence of the local people. Banks may give wide publicity in the locality about the intermediary engaged by them as Business Correspondent and take measures to avoid being misrepresented.

Roles of a Business Correspondent –

Business correspondents are bank representatives.
They help villagers to open bank accounts.
They help villagers in banking transactions. (deposit money, take money out of savings account, loans etc.)
The Business Correspondent carries a mobile device.
The villager gives his thumb impression or electronic signature, and get the money.
Business Correspondents get commission from bank for every new account opened, every transection made via them, every loan-application processed etc.
The arrangements with the Business Correspondents shall specify:
Suitable limits on cash holding by intermediaries as also limits on individual customer payments and receipts.
The requirement that the transactions are accounted for and reflected in the bank's books by end of day or next working day.
All agreements/ contracts with the customer shall clearly specify that the bank is responsible to the customer for acts of omission and commission of the Business Facilitator/ Correspondent.

Redressal of Grievances in regard to services rendered by Business Facilitators/ Correspondents

Banks should constitute Grievance Redressal Machinery within the bank for redressing complaints about services rendered by Business Correspondents and Facilitators and give wide publicity about it through electronic and print media.
The name and contact number of designated Grievance Redressal Officer of the bank should be made known and widely publicized. The designated officer should ensure that genuine grievances of customers are redressed promptly.
The grievance redressal procedure of the bank and the time frame fixed for responding to the complaints should be placed on the bank's website.
If a complainant does not get satisfactory response from the bank within 60 days from the date of his lodging the compliant, he will have the option to approach the Office of the Banking Ombudsman concerned for redressal of his grievance/s.

Previous Interview Questions of IBPS Probationary Officer & Clerk Based on Banking Sector

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Ibps Clerk

Ibps PO

Interview Questions

There are few questions, which were asked in IBPS Probationary Officer and IBPS clerk examination. These questions are based on Banking Sector. Candidates should prepare these questions for the upcoming interview of IBPS Clerk and PO. We have also answered few questions. You can check it below.

Why NPA is increasing?
Ans : A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or installment of principal has remained 'past due' for a specified period of time

What is Demat account?
Ans : In India, shares and securities are held electronically in a Dematerialized account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

What is social Banking?
Ans : An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans.

What was SBI old name?
Ans : Imperial Bank of India

What is break even point?
Ans : The breakeven point is the sales volume at which a business earns exactly no money. The breakeven point is useful for the following reasons: To determine the amount of remaining capacity after the breakeven point is reached, which tells you the maximum amount of profit that can be generated.

What is Money Laundering?
Ans : The concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.

What is Deficit Financing?
Ans : Deficit financing, practice in which a government spends more money than it receives as revenue, the difference being made up by borrowing or minting new funds.

What is Financial Inclusion?
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable.

What is CTS? How it works?
Ans : CTS is basically an online image-based cheque clearing system where cheque images and Magnetic Ink Character Recognition (MICR) data are captured at the collecting bank branch and transmitted electronically. Truncation means, stopping the flow of the physical cheques issued by a drawer to the drawee branch.

Debit Card withdrawal limit?
It was Rs 25000/- per day but now it is changed to Rs 50,000/-

What is IPO ?
Ans : An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO. Companies fall into two broad categories: private and public.

What is SEZ?
Ans : The term special economic zone (SEZ) is commonly used as a generic term to refer to any modern economic zone. In these zones business and trades laws differ from the rest of the country. Broadly, SEZs are located within a country's national borders.

What is LAF ?
Ans : Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements. LAF is used to aid banks in adjusting the day to day mismatches in liquidity. LAF consists of repo and reverse repo operations.

What is FII ?
Ans : Foreign Institutional Investor - FII' An investor or investment fund that is from or registered in a country outside of the one in which it is currently investing. Institutional investors include hedge funds, insurance companies, pension funds and mutual funds.

What is ECGC?
Ans : Export Credit Guarantee Corporation of India.The ECGC Limited (ECGC) was established on 30 July 1957 with an objective to provide insurance cover in respect of risks in export trade

What is CASA?
Ans : The CASA (current and savings account) ratio is the ratio of deposits in the current and savings accounts of a bank to its total deposits. A high CASA ratio indicates that a higher portion of the banks deposits come from current and savings accounts.

What is Liquidity?
Ans : Liquidity is characterized by a high level of trading activity. Assets that can be easily bought or sold are known as liquid assets. 2. The ability to convert an asset to cash quickly.

Functions of RBI?
Ans : Issue of Bank Notes, Banker to Government, Custodian of Cash Reserves of Commercial Banks, Custodian of Country’s Foreign Currency Reserves, Lender of Last Resort, Central Clearance and Accounts Settlement, Controller of Credit

What is NABARD?
Ans : National Bank for Agriculture and Rural Development.These organizations help NABARD by advising and giving monetary aid for the upliftment of the people in the rural areas and optimizing the agricultural process

What is KYC Form?
Ans : Know your customer (KYC) is the form used by a bank to verify the identity of their clients

Types of customers?
Ans : Loyal, Impulsive, Need Based Customers, Wandering Customers

What is Fund Flow?
Ans : Fund Flow' The net of all cash inflows and outflows in and out of various financial assets. Fund flow is usually measured on a monthly or quarterly basis. The performance of an asset or fund is not taken into account, only share redemptions (outflows) and share purchases (inflows).

Full form of CORE?
Ans : Core banking Solution

What is VAT, MAT?
Ans : Value-added tax (VAT)

What is Balance Sheet?
Ans : 'Balance Sheet' A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders

What is Mutual Fund?
Ans : 'Mutual Fund' An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets

Credit Rating Agency?
Ans : A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default.

IT products in Banking?

What is Plastic Money?
Ans : Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards

Who is the regulator of banks?
Ans : Reserve Bank of India

Types of Account in Bank ?
Ans : Current, Saving, Recurring, Fixed and Term Deposit Accounts in India.

Who Signs on Bank Notes?
Ans : RBI Governor's signature

Who Signs on Re 1 note?
Ans : Finance secretary

What is recurring deposits?
Ans : Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits

What is growth in Economy?
Economic growth is an increase in the production and consumption of goods and services. It entails increasing population and/or per capita consumption. It is indicated by increasing gross domestic product (GDP).

What is REPO rate?
If banks are short of funds they can borrow rupees from the Reserve Bank of India (RBI) at the repo rate, the interest rate with a 1 day maturity. If the central bank of India wants to put more money into circulation, then the RBI will lower the repo rate.

What is current Bank Rate?

What is merchant banking?
A merchant bank is a financial institution that provides capital to companies in the form of share ownership instead of loans.

Who is the chairman of SBI?
Ans : Arundhati Bhattacharya

Saving Account Interest Rate?
Ans : 4%

IBPS Clerk & PO Interview Questions on Personal and Family Background

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Ibps Clerk

Ibps PO

Interview Questions

Here are some previous interview question, which were asked in personal interview round of IBPS clerk and IBPS PO. Here we have given only questions which are based on family Background. Let a look to this questions.

Tell me about yourself ?
What is the meaning of your name ?
Which famous person name relates with yours?
What is the profession of your Father's and Mother ?
Number of Brother and Sister
Brother's and Sister's profession
If married, then question on Husband/Wife profession
Hobbies, Strength and Weakness
Are you a team player ?
What is your ambition?
Number of Districts in your state.
Your Aggregate in Graduation.
Why do you want to join bank?
What are today's headlines?
Do you support AAP?
How your field is useful to us (bank)?
Will you serve in the bank till the end?
What do you think a PO job is like?
How important is this Interview to you?
What qualities differentiate from other candidates?
Your Date of Birth? Any Historical Importance of that date.
Which Person shares the same Date of Birth?
Why have you filled BOB/PNB/ECGC as your first choice?
Name of your college? If ans is Gautam Buddha University/Mother Therssa University, then follow up questions were like - Tell me something about
Buddha.
When did you complete your graduation?
Did you join any Job? How much are you earning? Why do you want to leave your job?
You are from CSE right? Why don't you try in Software Industry...Why
Banking?
Why 2/3/4 years of gap between your graduation and now? What you did in
between?
A leader should be Liked or Feared? What kind of leader you are? What is your opinion?

"Planning Commission" is Renamed as "Niti Ayog"

Tags

Banking

Current Affairs

"Planning Commission" is Renamed as "Niti Ayog"

India's Planning Commission will be renamed "Niti Ayog" (National Institution for Transforming India) as part of a plan to restructure the institution that the government believes has run its course.
Earlier this month, PM Modi held discussions with chief ministers on replacing the Soviet-style body with a 'Team India' concept that would give states a greater role in developing Asia's third largest economy.
The Planning Commission had suggested to a group chaired by Prime Minister Narendra Modi that its replacement body should be structured to meet the need of changing economic paradigm and comprise sectoral experts and states' representative. The restructured plan panel could be a combination of three or four divisions.
It was India's first Prime Minister Jawaharlal Nehru, a socialist who admired Joseph Stalin's drive to industrialize the Soviet Union, who in 1950 set up - and chaired - the Planning Commission to map out a development path for India's agrarian economy.

Some Tit - Bits on Planning Commission:

The Planning Commission is an institution in the Government of India, which formulates India's Five-Year Plans, among other functions. It is located at Yojana Bhawan, Sansad Marg, New Delhi. It was established in accordance with article 39 of the constitution which is a part of directive principles of state policy.
The composition of the Commission has undergone considerable changes since its inception. With the Prime Minister as the ex officio Chairman, the committee has a nominated Deputy Chairman, who is given the rank of a full Cabinet Minister. Presently the post of Deputy Chairman of the Commission is vacant, after the new Government in the Center.
Present ex officio members of the Commission, are the Finance Minister, Agriculture Minister, Home Minister, Health Minister, Chemicals and Fertilisers Minister, Information Technology Minister, Law Minister, HRD Minister and Minister of State for Planning.

Reasoning Question on Circular Table

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Reasoning

Directions : Read the following passage carefully and answers the questions given below it:

In a SAARC meeting eight delegates A, B C, D, E, F, G, and H of different countries are sitting around a ROUND table facing the centre not necessarily in the same order. Each one of them is belongs to different countries India, Maldives, Pakistan, Sri Lanka, Afghanistan, Nepal, Bangladesh and Bhutan.

F sits second to the right of the delegate of Sri Lanka. Bangladesh is an immediate neighbour of delegate of Sri Lanka. Two people sit between the delegate of Bangladesh and B. C and E are immediate neighbours of each other. Neither C nor E is an immediate neighbour of either B or delegate of Sri Lanka. The delegate of Pakistan sits second to the right of D, who is the delegate of Maldives. G and the delegate of India is immediate neighbour of each other. B is not the delegate of India. Only one person sits between C and D. H sits third to left of the delegate of Bhutan. The delegate of Nepal sits second to left of the delegate of Afghanistan.

1. Which of the following is true with respect to the given seating arrangement?

(1) E is an immediate neighbour of the delegate of India
(2) E is the delegate of Maldives
(3) The delegate of India is an immediate neighbour of F
(4) The delegate of Bhutan sits between F and delegate of Nepal
(5) Shopkeeper sits second to the right of the teacher

2. H is the delegate of which country?

(1) India
(2) Pakistan
(3) Sri Lanka
(4) Afghanistan
(5) Bhutan

3. What is the position of delegate of Afghanistan with respect to delegate of Bangladesh?

(1) Immediately to the left
(2) Third to the left
(3) Second to the right
(4) Fourth to the left
(5) Second to the left

4. Who sit/s exactly between the delegate of Maldives and C?

(1) H
(2) Delegate of Pakistan
(3) Delegate of Nepal
(4) Cannot be determined
(5) F

5. What is the position of delegate of Pakistan when counted anti-clock wise direction from C?

(1) Immediately to the left
(2) Third to the left
(3) Second to the right
(4) Fourth to the left
(5) None of these

Directions (6-8): Read the following information and answer the given questions.
In the following question, a statement a statement is followed by two Assumption/ Course of Action I and II.
Give your answer as:

(1) If only I follow.
(2) If only II follows.
(3) If either I or II follows.
(4) If neither I nor II follows.
(5) If both I and II follows.

6. Statement: While presenting a stage show in a Saifai (Uttar Pradesh), the famous actor and actress declared that they have a practice of either taking full payment or none for their stage shows.

Assumptions:
I. They took full payment for their recent show.
II. They did not take any money for his recent show.

7. Statement: The Delhi court has directed the government to respond to a PIL alleging that politicians were misusing government’s funds worth crores in the name of sports on advertisement for their publicity.

Course of Action:
I. Government should respond to the PIL and ensure that this type of incident do not occurs in future.
II. Government should identify those politicians and must warn them not to do this again.

8. Statement: ‘We are here to announce that you are appointed as a Content Manager with a probation period of six months and your performance will be reviewed at the end of the period for confirmation’ – A line in an offer letter.

Assumptions:
I. The performance of an individual generally is not known at the time of joining.
II. Generally an individual tries to prove his worth in the probation period.

Directions (9-10): Read the following information carefully and answer the questions given below.
(i) A X B means “A is the father of B”
(ii) A + B means “B is the sister of A”
(iii) A – B means “B is the mother of A”
(iv) A ÷B means “A is the brother of B”

9. Which of the following means P is nephew of R?

(I) R x K ÷ P
(II) R – N + P – K
(III) R ÷ K x P + M
(1) Only I
(2) Only II
(3) Only III
(4) Either II or III
(5) None of these

10. If it is given K x P ÷ R + S – Q. then which of the following is true?

(1) R is the brother of P
(2) K is the husband of S
(3) Q is the wife of K
(4) R is the sister of S
(5) None of these

SOLUTION

Solutions (1-5)

1. (4)
2. (3)
3. (2)
4. (3)
5. (5)

Solutions (6-8):
6. (3) As given in the condition in the statement, the actor and actress either will take the full payment for his recent show or will not take any money for the same. Hence, either of the assumptions follows.
7. (5) Both Course of Actions follows.
8. (5) The performance of the individual has to be tasted over a span of time as the statement mentions. So I is implicit. The statement mentions that the individual’s worth shall be reviewed (during probation period) before confirmation so II is also implicit.

Solutions (9-10):
9. (5) Either 1 or 4
10. (3) Q is the wife of K

1st January 2015 - General Awareness & Current Affairs

Tags

Banking

GK Updates

Isro chairperson K Radhakrishnan retires

ISRO chairperson K Radhakrishnan retired on Wednesday carrying the crowning glory of the much-hailed India's mission to Mars.
Radhakrishnan, a recipient of Padma- Bhushan, the third highest civilian award, was recently chosen as one of the top ten scientific personalities in 2014 by Nature Science Journal. India's Mars Orbiter, currently orbiting the red planet, tweeted it's farewell.

Planning Commission renamed "Neeti Ayog"

India's Planning Commission will be renamed "Neeti Ayog" as part of a plan to restructure the institution that the government believes has run its course.
The name, replacing "Yojana (planning)" with "Neeti (policy)" will be announced in an amended resolution for the new plan body today, sources said.

Rajnath Singh launches women safety mobile app 'Himmat'

Union Home Minister Rajnath Singh on 1st Jan 2015 launched India's first integrated mobile application for women safety called 'Himmat', in the presence of Delhi Police Commissioner B.S. Bassi and Delhi's Lieutenant Governor Najeeb Jung.
Who-so-ever will download this smart phone-based application can alert the police in the hour of need by either shaking the phone or pressing the power button twice," said Bassi.
"It is directly linked to the Police Control Room and they will get an indication immediately. After that the location can be traced and will be updated every ten seconds," he added.

Tropical storm Jangmi struck Philippines

Jangmi, a tropical storm made landfall in northeastern Mindanao Island of Philippines on 28 December 2014. The storm that caused heavy rains and triggered flash floods and landslides in the country killed at least 30 people.
Tropical storm Jangmi, known in the Philippines as Seniang carried winds of 65 kilometers (40 miles) per hour destroying several bridges and highway and lead to evacuation of thousands of residents.
Apart from Philippines, the storm has affected several parts of other countries like Malaysia and southern Thailand.

NASA's SMAP instrument to measure Earth's soil

The U.S. space agency NASA's Moisture Active Passive (SMAP) instrument is ready to measure the amount of moisture in Earth's soils with an unparalleled precision and resolution.
The instrument comprises of three main parts namely radar, a radiometer as well as the biggest rotating mesh antenna ever used in space.
The new instrument is expected to be launched on January 29.

Noted journalist Boobli George Verghese died

Eminent journalist Boobli George Verghese died on 30 December 2014 following a brief illness. He was 87.
He was an information adviser to Prime Minister Indira Gandhi from 1966 to 1969. In 1975, Verghese was given the Ramon Magsaysay award for his contribution to journalism.
In October 2010, he published his autobiography First Draft: Witness to Making of Modern India.
His last work was Post Haste: Quintessential India, a book that was released in May 2014.

A K Mittal appointed railway board chairman

Mittal, who was member (staff), has succeeded Arunendra Kumar, whose appointment as well as entire tenure was mired in lot of controversies.
Mittal's position as member (staff) has been taken by Pradeep Kumar, who was general manager, North-Central Railway with additional charge as GM, Northern Railway.
Navin Tandon had been appointed as new member (electrical), a post which was lying vacant for last six months. Tandon was GM, South Eastern Central Railway. Gupta, member (engineering), has been given additional responsibility of member (mechanical), the post which is likely to be filled within a week.

Govt splits CMD post in Public Sector Banks

The government of India decided to split the post of chairman and managing director at public sector banks (PSBs).The finance ministry has appointed chief executive officers (CEOs) of four banks, while confirmed that non-executive chairman would be declared shortly.
The appointment of the CEOs would be for a fixed tenure, in this case for three years or when the candidate retires, whichever is earlier.
The four banks for which new MD & CEOs were announced on Wednesday were Oriental Bank of Commerce, Indian Overseas Bank, United Bank of India and Vijaya Bank