RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA 2014

Applications are invited from eligible Indian Citizens for appointment as Probationary Officers (POs) in Associate Banks of State Bank of India. Candidates selected are liable to be posted anywhere in India,apply before 18/09/2014.

Advertisement No. : CRPD/PO/AB/2014-15/04

Job Location : All India

Job Details :

Post Name : Probationary Officers

• No. of Vacancy : 2986 Posts.
• Pay Scale : Rs.14500-25700/-

Bank	Vacancies
	SC	ST	OBC	GEN	Total	VH	OH
SBBJ	45	71	81	153	350	15	08
SBH	112	157	253	378	900	38	18
SBM	70	69	126	235	500	14	16
SBP	07	56	13	24	100	14	02
SBT	181	180	270	505	1136	15	15
TOTAL	415	533	743	1295	2986	96	59

Eligibility Criteria : 

• Educational Qualification : Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government. Candidate having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is on or before the eligiblity date.

Nationality : Indian
Age Limit : Not below 21 years and not above 30 years as on 01.09.2014 i.e candidates must have been born not earlier than 02.09.1984 and not later than 01.09.1993 .

Selection Process :

Phase I : Examination consisting Objective Tests for 200 marks and Descriptive Test for 50 marks. The Objective Test will be online. Immediately after the online Objective Test, Descriptive Test will be administered. Questions relating to Descriptive Test will be available on computer (Online) and candidates will have to write the answers on the answer sheet (Offline) provided to them on Paper/Pen mode.

(i) Objective Test : The Objective Test with 2hours duration consists of 4 Sections with 50 marks each (Total 200 marks) as follows:

Syllabus :  

1. Test of English Language (Grammer, Vocabulary, Comprehension etc.)
2. Test of General Awareness, Marketing & Computers
3. Test of Data Analysis & Interpretation
4. Test of Reasoning (High Level)

Note : The candidates are required to qualify in each of the Tests by securing passing marks, to be decided by the Bank.

(ii) Descriptive Test : The Descriptive Test with 1 hour duration (50marks) will be of “Test of English Language (comprehension, short précis, letter writing & essay)”. The candidates are required to qualify in the Descriptive Test by securing passing marks, to be decided by the Bank.

b) Phase  II : Group Discussion (20 marks) & Interview (30 marks)  ;  The aggregate marks of candidates qualifying in both the Objective Tests and Descriptive Test will be arranged in descending order in each category. Adequate number of candidates in each category, as decided by the Bank will be called for Group Discussion and Interview.

Note : For Final Selection the candidates will have to qualify both in Phase-I and Phase-II separately.

Application Fee :

• SC / ST / PWD : Rs.100/-(Intimation Charges only).
• All other : Rs.500/- (App. fee and intimation charges).

Candidates have the option of making the payment of requisite fees/ intimation charges either through the ONLINE mode or the OFFLINE mode.

(i) Offline mode : The system will generate a cash voucher/ challan form pre-printed with the candidate’s details which will be required to be presented at any State Bank of India branch counter with the requisite fee. On payment of the requisite fee through computer generated challan form, registration of the online application will be complete.
(ii) Online mode : The payment can be made by using debit card/ credit card/Internet Banking.

How to Apply : Candidates will be required to register themselves online first through Bank’s website www.statebankofindia.com or www.sbi.co.in. between 01-09-2014 to 18-09-2014.

Important Dates:

• Starting Date of online Registration of Application : 01-09-2014.
• Last Date to Apply : 18/09/2014.
• Payment of Application Fees On-Line : 01-09-2014 to 18-09-2014.
• Payment of Application Fees Off-Line : 03-09-2014 to 20-09-2014.

Detail Advertisement Link https://www.sbi.co.in/webfiles/uploads/files/SBI_PO_RECRUITMENT_FOR_ASSOCIATE_BANKS_ENGLISH_ADVERT.pdf

COMPUTER AWARENESS PRACTICE QUESTIONS

1. Which of the following translate back from machine code something resembling the source language?
1) Interpreter
2) Compiler
3) Assembler
4) Decompiler
5) None of the above

2. When you are working on a document on Computer, which location the document temporarily stored?
1) RAM
2) ROM
3) The CPU
4) Flash memory
5) The CD-Rom

3. The latest PC keyboards use a circuit that senses the movement by the change in its capacitance.
What are these keyboards called?
1) Mechanical keyboards
2) Capacitance keyboards
3) Qwerty keyboards
4) Dvorak keyboards
5) None of these

4. Transformation of data into information is performed by which of the following....
1) Peripherals
2) Memory
3) Storage
4) The Input-Output unit
5) The CPU

5. ....... is collection of web pages and ....... is the very first page that we see on opening of a web-site.
1) Home-page, Web-page
2) Web-site, Home-page
3) Web-page, Home-page
4) Web-page, Web-site
5) None of these

6. Which of the following registers is used to keep track of address of the memory location where the next instruction is located?
1) Memory Data Register
2) Memory Address Register
3) Instruction Register
4) Program Counter
5) None of these

7. What tab is selected to cut, copy, and paste?
1) Insert
2) Tools
3) Special
4) Home
5) None of these

8. The most important or powerful computer in a typical network is .......
1) Network Desktop
2) Network client
3) Network server
4) Network Station
5) None of these

9. Which kind of devices allows the user to add components and capabilities to a computer system?
1) System boards
2) Expansion slots
3) Input devices
4) Output devices
5) Storage devices

10. To what temporary area can you store text and other data, and later paste them to another location?
1) The clipboard
2) ROM
3) CD-ROM
4) The hard disk
5) None of these

11. ....... is the science that attempts to produce machines that display the same type of intelligence that humans do.
1) Nanoscience
2) Nanotechnology
3) Simulation
4) Artificial intelligence (AI)
5) None of these

12. Computers use the ........ number system to store data and perform calculations.
1) Decimal
2) Hexadecimal
3) Octal
4) Binary
5) None of these

13. A device mounted on a communication satellite which receives, amplifies and re-transmits signals from earth station is ....
1) Transponder
2) Track
3) Transistor
4) Terminal
5) None of these

14.To move to the ending of a page of text, press the ...... key.
1) End
2) A
3) Page-up
4) Enter
5) None of these

15. A ...... contains specific rules and words that express the logical steps of an algorithm.
1) Syntax
2) Programming structure
3) Programming language
4) Logic chart
5) None of these

16. ........ tells the computer how to use its components.
1) Utility
2) Network
3) Operating system
4) Application program
5) None of these

17. What is data backup?
1) Adding more components to your network
2) Protecting data by copying it from the original source to a different destination
3) Filtering old data from the new data
4) Accessing data on tape
5) None of these

18. This component is required to process data into information and consists of integrated circuitry.
1) Hard disk
2) RAM
3) CPU
4) ROM
5) None of these

19. Who was the father of Punched Card Processing?
1) Dr. Herman Hollerith
2) J Presper Eckert
3) Charles Babbage
4) Blaise Pascal
5) None of these

20. Computers that are portable and convenient for users who travel are known as....
1) Super computers
2) Laptops
3) Mini computers
4) File servers
5) None of these

21. Office LANs that are spread geographically apart on a large scale can be connected using a corporate .......
1) CAN
2) LAN
3) DAN
4) WAN
5) TAN

22. What is the process of copying software programs from secondary storage media to the hard disk called?
1) Configuration
2) Download
3) Storage
4) Upload
5) Installation

ANSWERS:
1-4, 2-1, 3-2, 4-5, 5-2, 6-4, 7-4, 8-3, 9-2, 10-1
11-4, 12-4, 13-1, 14-1, 15-3, 16-3, 17-2, 18-3, 19-1, 20-2, 21-4, 22-5

Langpi Dehangi Rural Bank Recruitment of Officer & Office Assistants Posts

Langpi Dehangi Rural Bank invites applications for the post of Officer in Middle Management Grade (Scale III), Middle Management Grade (Scale II), Officer in Junior Management (Scale I) Cadre and Office Assistant (Multipurpose) for those who have qualified at the Online CWE for RRBs conducted by IBPS during September/ October 2013, against the vacant posts of the Bank for the year 2013-14.

1. Officer Scale-III: 01 Post
2. Officer Scale-II (General Banking): 01 Post
3. Officer Scale-II (CA): 01 Post
4. Officer Scale-I (Law): 01 Post
5. Officer Scale-II (Agricultural Officer): 01 Post
6. Officer Scale-I: 07 Posts
7. Office Assistant (Multipurpose): 12 Posts

Eligibility: Eligibility Criteria is to be considered as per RRBs CWE-II Advertisement published in Employment News/ Rozgar Samachar Issue Dated 6th July–12th July, 2013released by IBPS and posted on the IBPS?s website www.ibps.in.

Application Fee (Including Postage/ Intimation Charges): Rs. 20/- for SC/ ST/ PWD candidates and Rs. 100/- for all others candidates.

How to Apply: Candidates can apply online only.

Last Date: 26-Aug-2014

For more details, please visit:
http://www.ldrb.org/downloads/ADVERTISEMENT_LDRB_IBPS_RRB_III.pdf

IBPS Common Recruitment Process for Recruitment in Clerical Cadre (CWE Clerks-IV) Recruitment

The online examination for the next Common Recruitment Process (CRP) for selection of personnel for Clerical cadre Posts in the Participating Organisations listed below is tentatively scheduled in December 2014. 

Eligibility Criteria :

• Age :  20 to 28 years (relaxation is there for SC / ST / OBC / EXs / Widows / Divorced woman etc. Check notification for details)
• Educational Qualification : Graduation from any recognized university

Application Fee :

• Rs. 100/- for SC / ST / PWD / EXSM Candidates
• Rs. 600/- for all others

Important Points : Since recruitment in clerical cadre in Public Sector Banks is done on  State/UT-wise basis, candidates can apply for vacancies in any one State/ UT only. Consequently, a candidate would be required to appear for CWE & Interview in any one of the centres in that particular State/UT.  

Important Dates :

• Online Registration Starts from : 12th August 2014 to 1st September 2014
•  Payment of Application Fee :
• Online : 12th August 2014 to 1st September 2014
• Offline : 14th August 2014 to 3rd September 2014
• Call Letter download for the examination : After 17th November 2014
• Dates of Online Exam (Tentative):
• 6th December 2014
• 7th December 2014
• 13th December 2014
• 14th December 2014
• 20th December 2014
• 21st December 2014
• 27th December 2014
• Declaration of Results : January 2015
• Interview Call letter Download : January 2015
• IBPS PO IV Interviews : February 2015
• Provisional Allotment : April 2015

Click Here To View Advertisement

BANKING AWARENESS PRACTICE MCQs FOR SBI SPECIAL MANAGEMENT EXECUTIVE EXAM

1. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of ____
a) Minors
|b) Married Women
c) Senior citizens
d) Government Employees
e) Rural residents

2. When the rate of inflation increases ___
a) Purchasing power of money increases
b) Purchasing power of money decreases
c) Value of money increases
d) Purchasing power of money remains unaffected
e) Amount of money in circulation decreases

3. A centralized database with online connectivity to branches, internet as well as ATM network which has been adopted by almost all major banks of our country is known as ___
a) Investment Banking
b) Core Banking
c) Mobile Banking
d) National Banking
e) Specialized Banking

4. Which of the following is NOT considered a money market instrument?
a) Treasury Bills
b) Repurchase Agreement
c) Commercial Paper
d) Certificate of Deposit
e) Shares and Bonds

5. Which of the following is necessary while opening deposit accounts in banks?
a) Will
b) Registration
c) Nomination
d) Indemnity
e) Guarantee

6. Which of the following is not a banking term?
a). Letter of credit
b). MIBOR
c). Factoring services
d). Entry load
e). None of these

7. Which of the following organizations issue the rules of global trade?
a) IMF
b) World Trade Organization
c) Foreign trade
d) G-20
e) None

8. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called:
a) Statement of product details
b) Foreign exchange
c) Balance Sheet
d) Balance of payment
e) Trading and Manufacturing account

9. The Reverse Mortgage Scheme is launched to give benefit to which of the following groups of society?
a) Persons below 60 yrs
b) Senior Citizens
c) Unemployed youth
d) Orphans
e) All the above

10. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?
a) Payment & settlements Act
b) Control money supply Act
c) Narcotics and Psychotropic substance Act
d) Prevention of Money laundering Act
e) None

11. Which of the following scheme is not meant for investment purposes?
a) National saving certificate
b) Infrastructure bonds
c) Mutual funds
d) Letter of credit
e) None of these

12. Basel norms which are important regulatory stipulations are meant for which sector?
a) Insurance
b) Banking
c) Micro finance
d) Pension funds
e) None

13. Systematic investment Plans relates to:
a) Mutual Funds
b) Life Insurance Companies
c) Commercial Banks
d) Post office savings schemes
e) None

14. Euro money is the official currency of ___?
a) NATO
b). United Nations
c) European Union
d) Germany and England
e) None of these

15. Which of the following is an example of cash less purchase?
a) Debit card
b) Credit card
c) ATM withdrawal
d) All of the above
e) None

16. Whose signature appears on Indian Rs. 100 note?
a) Finance Minister
b) RBI Governor
c) Finance Secretary
d) Chairman, Planning Commission
e) None

17. While discussing investments there is a mention of short term government security. What is this investment?
a) Debenture
b) Mutual funds
c) Treasury bill
d) Share
e) None of these

18. NBFCs are an important part of the Indian financial system. what is meant by this term?
a) New Banking Financial Companies
b) Non Banking Financial Companies
c) Neo Banking Financial Confederation
d) Non banking Fiscal Companies

19. Banking loan against property requires the asset to be free from encumbrances. What does it mean?
a) The asset to be free from any liability
b) The asset to be properly registered
c) The property to be fully constructed
d) The asset should not have multiple owners
e) None

20. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
a) Customer Analysis and Savings Pattern
b) Cost Appreciation and selling Analysis
c) Current Account and saving Account
d) Credit and savings Aggregate
e) None of these

21. Which one of the following is not an electronic banking delivery channel?
a) Mobile Vans
b) Mobile Phone Banking
c) Internet Banking
d) Tele Banking
e) ATM

22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the ____
a) Exchange rate
b) MIBOR
c) Inter bank Call money rate
d) Base rate
e) LIBOR

23. Now-a-days Banks are selling third party products. Example of third party product is:
a) Mutual funds
b) Term deposits
c) Credit cards
d) All of these
e) None

24. Electronic Clearing Service in banks can be availed only by:
a) Individuals
b) Corporates
c) Senior Citizens
d) All of these
e) None

25.What is the full form of CRR as used in banking sector?
a) Crucial Reserve Rate
b) Cash Reserve Ratio
c) Current Reserve Ratio
d) Core Current Ratio
e) None.

26.What is the full form of LAF as used in the banking world very frequently ?
a) Liquid Advances Finance
b) Liquidity Adjustment Facility
c) Legal Adjournment Formality
d) Local Advance Finance
e) Late Arrival of Finance

27.Where is the headquarters of International Monetary Fund?
a) Geneva
b) Paris
c) London
d) Manila
e) Washington DC

28. Many Regional Rural Banks are given licence to open branches in small cities and towns. These licences are given by:
a) Cabinet Committee on Economic Affairs
b) Reserve Bank Of India
c) NABARD
d) Indian Banks' Association
e) None of these

29. Which of the following organisations/agencies is not associated with the world of Banking and Finance?
a) SEBI
b) AMFI
c) RBI
d) ECGC
e) SPCA

30. Banks recover term loan from the parties in EMIs. What does the letter 'E' represent in the term?
a) Easy
b) Effective
c) Equated
d) Essential
e) Economical

31. What is the Bank Rate at Present?
a) 2%
b) 4%
c) 8.25%
d) 8%
e) None of these

32. Which of the following is not a scheduled commercial bank?
a) IDBI
b) AXIS
c) HDFC
d) NABARD
e) Kotak Mahindra Bank

33. Which of the following certainly is an effort in the direction of Financial Inclusion?
a) Internet Banking
b) Anywhere Banking
c) No-frills Account
d) Foreign Currency Accounts
e) All of these

34. Who amongst the following Padma Bhushan awardees is a famous Banker?
a) Azim H Premji
b) Kapila Vatsyayan
c) Chanda Kochhar
d) Waheeda Rahman
e) Brajesh Mishra

35. Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans?
a) RBI Act
b) Banking Regulation Act
c) Companies Act
d) Income Tax Act
e) SARFAESI Act

36. The financial assistance or loans of Rs. 10,000 by a bank to a very small borrower will be called?
a) Business Finance
b) Govt. Finance
c) Micro Finance
d) Small Finance
e) KYC finance

37. Who amongst the following cannot work as a Business Correspondent as given in the scheme launched by the banks ?
a) Kirana Store
b) Post Office
c) Self Help Group
d) A Bank Officer
e) Co-operative Society

38. Some banks are financing big projects like construction of roads, bridges etc. Finacing such projects means banks are helping exactly in:
a) Infrastructural Development
b) Project Management
c) Developing Core Sector Industry
d) Financial Inclusion
e) All of these

39. As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept/product directly associated with banks ?
a) RTGS
b) SMS alert
c) Demat Account
d) ATM/Debit card
e) Number Portability

40. Which of the following is NOT a Nationalised bank?
a) Union Bank of India
b) Central Bank of India
c) YES Bank
d) Syndicate Bank
e) Indian Bank

41. Interest payable on savings bank accounts is?
a) De-regulated by RBI
b) Regulated by State Governments
c) Regulated by Central Govt
d) Regulated by RBI
e) Regulated by Finance Minister

42. The usual deposit accounts of banks are?
a) Current accounts, electricity accounts and insurance premium accounts.
b) Current accounts, post office savings, bank accounts and term deposit accounts.
c) Loan accounts, savings bank accounts and term deposit accounts.
d) Current accounts, savings bank accounts and term deposit accounts.
e) Current bill accounts and term deposit accounts.

43. Fixed deposits and recurring deposits are?
a) Repayable after an agreed period
b) Repayable on demand
c) Not repayable
d) Repayable after death of depositors
e) Repayable on demand or after an agreed period as per bank's choice

44. Accounts are allowed to be operated by cheques in respect of?
a) Both savings bank accounts and fixed deposit accounts.
b) Savings bank accounts and current accounts.
c) Both savings bank accounts and loan accounts.
d) Both savings bank accounts and cash accounts only.
e) Both current accounts and fixed deposit accounts.

45. Which of the following is correct statement?
a) No interest is paid on current deposit accounts.
b) Interest is paid on current accounts at the same rate as term deposit accounts.
c) The rate of interest on current accounts and savings accounts are the same.
d) No interest is paid on any deposit by the bank.
e) Savings deposits are the same as current deposits.

46. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
a) Universal banking
b) Virtual banking
c) Narrow banking
d) Brick & Mortal banking
e) None

47. Financial inclusion means provision of ?
a) Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
b) Ration at affordable cost to persons not yet given the same
c) House at affordable cost to persons not yet given the same
d) Food at affordable cost to persons not yet given the same
e) Education at affordable cost to persons not yet given the same

48. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Canceling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque

49. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
a) YH Malegam
b) Dr. KC Chakraborty
c) C. Rangrajan
d) M. Damodaran
e) Usha Thorat

50. Which of the following types of accounts are known as 'Demat Accounts'?
a) Accounts which are Zero Balance
b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
c) Accounts in which shares of various companies are traded in electronic form
d) Accounts which are operated through internet banking facility
e) None of the above

51. NEFT means?
a) National Electronic Funds Transfer
b) Negotiated Efficient Fund Transfer system
c) National Efficient Fund Transfer solution
d) Non Effective Fund Transfer system
e) Negotiated Electronic Foreign Transfer system.

52. Distribution of insurance products and insurance policies by banks as corporate agents is known as?
a) General insurance
b) Non life insurance
c) Bancassurance
d) Insurance Banking
e) Deposit Insurance

53. In respect of partnership business, LLP stands for:
a) Local Labour Promotion
b) Low Labour Projects
c) Limited Loan Partnership
d) Longer Liability Partnership
e) Limited Liability Partnership

54. What is a stale cheque?
a) A cheque issued without drawer's signature.
b) A cheque with only signature of the drawer.
c) A cheque which has completed 3 months from the date of its issue.
d) Any one of the above.
e) None

55. Interest on savings bank account is now calculated by banks on?
a) Minimum balance during the month
b) Minimum balance from 7th to last day of the month
c) Minimum balance from 10th to last day of the month
d) Maximum balance during the month
e) Daily product basis

56. Largest shareholder (in percentage shareholding) of a Nationalized bank is ?
a) RBI
b) NABARD
c) LIC
d) Govt of India
e) IBA

57. An account that can be opened by business organisations and also individuals is known as a?
a) Term deposit
b) Checking Account
c) Saving Bank deposit
d) No Frills Accounts
e) Current deposit

58. A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as?
a) CHAPS
b) SWIFT
c) NEFT
d) SFMS
e) CHIPS

59. Buy now & pay later refers to?
a) Foreign Currency
b) Internet Banking
c) US Dollars
d) Traveler's cheques
e) Credit Cards

60. Which one of the following is not 'Money Market Instrument'?
a) Treasury Bills
b) Commercial Paper
c) Fixed Deposit
d) Equity Shares
e) None

61. Which one of the following is a retail banking product?
a) Home Loans
b) Working capital finance
c) Corporate Term Loans
d) All the above
e) None

62. Finance Ministry has asked the RBI to allow common ATMs that will be owned and managed by non-banking entities hoping to cut transaction costs for banks. Such ATMs are known as?
a) Black label ATMs
b) Offsite ATMs
c) On site ATM's or red ATMs
d) Third party ATMs
e) White label ATMs

63. Technological advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects?
a) New Age Financial Derivatives
b) Service Delivery Mechanism
c) Any Banking
d) Any type banking
e) Multilevel Marketing

64. Which of the following is NOT a function of the Reserve Bank of India?
a) Fiscal Policy Functions
b) Exchange Control Functions
c) Issuance, Exchange and Destruction of currency notes
d) Monetary Authority Functions
e) Supervisory and Control Functions

65. Which of the following is NOT required for opening a bank account?
a) Identity Proof
b) Address Proof
c) Recent Photographs
d) Domicile Certificate
e) None

66. What is the maximum deposit amount insured by DICGC?
a) Rs. 2,00,000 per depositor per bank
b) Rs. 2,00,000 per depositor across all banks
c) Rs. 1,00,000 per depositor per bank
d) Rs. 1,00,000 per depositor across all bank
e) None

67. The present Foreign Trade Policy of India will continue till?
a) Dec 2012
b) Mar 2013
c) Mar 2014
d) Jun 2013
e) Dec 2014

68. With reference to a cheque who is drawee?
a) The bank that collects cheque.
b) The payee's bank.
c) The endorsee's bank.
d) The endorser's bank.
e) The bank upon which the cheque is drawn.

69. In which of the following fund transfer mechanisms, funds can be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
a) RTGS
b) NEFT
c) TT
d) EFT
e) MT

70. Banking Ombudsman Scheme is applicable to the business of ?
a) All Scheduled commercial banks excluding RRBs.
b) All Scheduled commercial banks including RRBs.
c) Only Public Sector Banks
d) All Banking Companies
e) All scheduled banks except private banks.

71. Nationalization of banks aimed at all of the following except?
a) Provision of adequate credit for agriculture, SME & exports.
b) Removal of control by a few capitalists.
c) Provision of credit to big industries only.
d) Access of banking to masses.
e) Encouragement of a new class of entrepreneurs.

72. Which one of the following banks is headed by a Woman CEO?
a) Bank of Baroda
b) HDFC Bank
c) Central Bank of India
d) PNB
e) ICICI

73. Base Rate is the rate below which no Bank can lend their funds. Who sets up this 'Base Rate' for Banks?
a) Individuals Banks Board
b) Ministry of Commerce
c) Ministry of Finance
d) RBI
e) Interest Rate Commission of India

74. What is a 'Debit Card'?
a) It is a card issued by a Rating Agency.
b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account.
c) It is a card which can be used for withdrawing cash or making payment at Point of Sales (POS) if there is balance in the account.
d) It is a card issued to borrowers
e) It is a card which can be used for making STD calls.

75. Bad advances of a Bank are called?
a) Standard accounts
b) Book debts
c) Non Performing Assets
d) Out of order accounts
e) Overdrawn accounts

76. Axis Bank is a?
a) Public Sector Bank
b) Private Sector Bank
c) Co-operative Bank
d) Foreign Bank
e) Gramin Bank

77. By increasing repo rate, the economy may observe the following effects ______
a) Rate of interest on loans and advances will be costlier.
b) Industrial output would be affected to an extent.
c) Banks will increase rate of interest on deposits.
d) Industry houses may borrow money from foreign countries.
e) All of these.

78. Increased interest rates, as is existing in the economy at present will_______
a) Lead to reduction in borrowings
b) Lead to lower GDP growth.
c) Mean higher cost of raw materials.
d) Mean lower cost of raw materials.
e) Mean higher wage bill.

79. Which of the following schemes is launched to provide pension to the members of unorganized sectors in India?
a) Swabhiman
b) Jeevan Dhara
c) Jeevan Kalyan
d) ASHA
e) Swalamban

80. A cheque returned for insufficiency of funds. Payee will have right to issue notice and approach court of law for justice under section 138 of which act?
a) Indian Penal Code
b) Negotiable Instrument Act
c) Criminal Procedure Code
d) Payment and Settlement Act
e) Indian Contract Act

81. Mr. Rajendra had filed a complaint with Banking Ombudsman and is not satisfied with the decision. What is the next option available for him to get his problem redressed?
a) Write to the CMD of the Bank.
b) File an appeal before the Finance Minister.
c) File an appeal before the Banking Ombudsman again.
d) File an appeal before the Dy. Governor RBI.
e) Simply close the matter as going to court involves time and money.

82. Which of the following is an example of Financial assets?
a) National Saving Certificate
b) Infrastructure Bonds
c) Indira Vikas Patra
d) Krishi Vikas Patra
e) All of these

83. Bank branches which can undertake foreign exchange business directly are known as:
a) Authorized dealers
b) Foreign dealers
c) Overseas branches
d) Approved dealers
e) Exchange branches

84. Insurance cover for bank deposits in our country is provided by ____
a) SBI
b) Govt of India
c) GIC
d) LIC
e) DICGC

85. The Financial Literacy does not include which of the following?
a) How to invest the funds
b) How to use the limited funds carefully
c) How to minimize the risks
d) How to reinvest the money earned
e) None of these

86. 'ADB' refers to-
a) Amedical Development Bank
b) Amedical Depository Bureau
c) Additional Debit Balance
d) Only a&b
e) Asian Development bank

87. When a banker talks about CDR, what is he talking about?
a) Corporate Debt Restructuring
b) Corporate Debt Rollover
c) Company Debt Rollover
d) Corporate Deposit Restructuring
e) Company Deposit Restructuring

88. Expand the term ALM as used in Banking/Finance sector?
a) Asset Liability Management
b) Asset Liability Maturity
c) Asset Liability Mismatch
d) Asset Liability Manpower
e) Asset Liability Maintenance

89. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?
a) Capital Market
b) Banking industry
c) Commodities market
d) Money Market
e) Mutual funds

90. What is the maximum period for which domestic term deposits are normally accepted by the banks in our country?
a) 3 yr
b) 5 yr
c) 7 yr
d) 10 yr
e) 12 yr

91. If you wish to purchase some US Dollars for your travel abroad, you should approach?
a) The Ministry of Finance
b) The US Embassy
c) Any Bank Branch authorized to do such activity
d) The Reserve Bank of India
e) External Affairs Ministry

92. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?
a) Liquidity
b) Least
c) Liabilities
d) Long
e) Liquid

93. Which of the following is not classified as a Commercial Bank?
a) Public Sector Bank
b) Foreign Bank
c) Private Sector Bank
d) Regional Rural Bank
e) Urban Cooperative Bank

94. Which of the following is not the name of the a Banking Organization?
a) HDFC
b) IDBI
c) YES
d) SEBI
e) ICICI

95. Money laundering means
a) Concealment of income source mainly to avoid income tax
b) Money acquired from undisclosed sources and deposited in foreign banks
c) Money acquired from undisclosed sources and deposited in foreign banks
d) Process of conversion of money obtained illegally to appear to have originated from legitimate sources to convert black money into white money
e) Money acquired from drug trafficking

96. Monetary Policy as an arm of the economic policy is administered by
a) Government of India
b) RBI
c) SBI
d) Govt of the respective states
e) None

97. Which of the following is not a primary function of a Bank?
a) Granting loans
b) Collecting cheques/ drafts of Customers
c) Arranging VISA for students for abroad education
d) Issuing bank drafts
e) Selling Gold/Silver Coins.

98. Reserves that can act as a liquidity buffer for Commercial Banks during crisis times are
a) CAR
b) CRR
c) CAR & CRR
d) CRR & SLR
e) SLR

99. National Bank for Agriculture and Rural Development (NABARD) is established in
July, 1982 as per recommendations of Committee headed by
a)Narasimhan
b) Saraf
c) Rangarajan
d) Sivaraman
e) Bimal Jalan

100. What is the name of the trade Association of IT & BPO companies in India?
a) NASSCOM
b) FICCI
c) CII
d) AIMA
e) ASSOCHAM

Answers
1) c; 2) b; 3) b; 4) e; 5) c; 6) d; 7) b; 8) c; 9) b; 10) d;
11) d; 12) b; 13) a; 14) c; 15) d; 16) b; 17) c; 18) b; 19) a; 20) c;
21) a; 22) a; 23) a; 24) d 25) b; 26) b; 27) e; 28) b; 29) e; 30) c;
31) c; 32) d; 33) c; 34) c; 35) e; 36) c; 37) d; 38) a; 39) e; 40) c.
41) a; 42) d; 43) a; 44) b; 45) a; 46) b; 47) a; 48) d; 49) a; 50) c;
51) a; 52) c; 53) e; 54) c; 55) e; 56) d 57) a; 58) b; 59) e; 60) c;
61) a; 62) e; 63) b; 64) a; 65) d; 66) c; 67) c; 68) e; 69) a; 70) b;
71) c; 72) e. 73) a 74) c; 75) a; 76) b; 77) a; 78) c; 79) e; 80) b;
81) d; 82) a; 83) a; 84) e; 85) e; 86) e; 87) a; 88) a; 89) b; 90) d;
91) c; 92) a. 93) e; 94) d; 95) d; 96) b; 97) c; 98) d: 99) d: 100) a

BANKING AWARENESS PRACTICE QUESTIONS FOR BANK EXAMS

1. World Trade Organization's (WTO) 9th Ministerial Conference is to be held in December, 2013. Where is it to be held?
a) Bali, Indonesia
b) Cancun, Mexico
c) Geneva, Switzerland
d) Hongkong
e) None of the above

2. In August, 2013, Govt of India set up a 7 member panel to revisit Tax laws and to recommend measures for a stable tax administration. Who heads the panel?
a) Naina Lal Kidwai
b) Bimal Jalan
c) Parthasarathi Shome
d) Dr Y V Reddy
e) None of the above

3. Which of the following is NOT a Direct Tax?
a) Income Tax
b) Corporation Tax
c) Property Tax
d) Gift Tax
e) Service Tax

4. Open Market Operations are carried out by RBI to
a) Lend money to State Governments
b) Shore up the Rupee value
c) Adjust Market Liquidity and thereby controlling money supply
d) To bring down Gold prices
e) None of the above.

5. 'Laissez-faire' in economic parlance means
a)Totally controlled market
b) Completely free market
c) Capitalistic market
d) Monopolistic market
e) None of the above

6. What is a Debt Fund?
a) Mutual Fund that invests in Fixed Income Securities like Bonds & Treasury bills
b) Mutual Fund that invests only in Shares and Equities
c) Mutual Fund that invests only in Infrastructure Bonds
d) Mutual Fund that invests only in long term Deposits
e) None of the above

7. Find the 'odd man out' of the following.
a) Certificate of Deposit
b) Term Deposit
c) Savings Bank Deposit
d) Commercial Paper
e) Capital Gains Deposit

8. What is NOT true with regard to TDS (Tax Deducted at Source) on Interest on Bank
Deposits for the Financial Year 2013-14?
a) TDS is done when interest on all the FDs of a Customer crosses Rs. 10000/- per year
b) TDS is not done for interest on Tax Saving FDs
c) TDS is done at the rate of 10% on the total Interest
d) TDS is not done on interest from Savings Bank Accounts
e) None of the above

9. Current Foreign Trade Policy (Exim Policy) covers the period
a)2013-18
b) 2012-17
c) 2010-15
d) 2011-16
e) 2009-14

10. Ben Bernanke is the Chairman of USA's Central Bank, 'Federal Reserve'. Who will
succeed him?
a) Janet Yellen
b) Christine Lagarde
c) Oliver Kahn
d) John Kerry
e) None of the above

11. While Indian Railways is the largest Public Sector Employer in India, who is the largest Private Sector Employer in India?
a) Reliance Industries
b) Infosys
c) Wipro
d) TCS
e) None of the above

12. Which State in India has the highest Per Capita Income?
a) Goa
b) Punjab
c) Karnataka
d) Tamilnadu
e) Haryana

13. As per the latest Companies Act, what is the minimum number of member's required
to form a Public Limited Company?
a) 1
b) 50
c) 7
d) 2
e) 10

14. Regional Rural Banks(RRBs) are owned by
a) Only RBI and Sponsor Bank
b) Only Govt of India and Sponsor Bank
c) Only Sponsor Bank, Govt of India and State Government concerned
d) Only Sponsor Bank and State Government concerned
e) None of the above

15. Davos in Switzerland is famous for Annual meeting of World Business leaders,Politicians and thought leaders. Which organization conducts this meeting?
a) World Economic Forum - A Swiss Non-profit Foundation
b) World Bank
c) International Monetary Fund
d) World Trade Organization
e) None of the above

16. What is 'Deficit Financing'?
a) Lending of money by Banks to companies with losses
b) Practice in which a government spends more money than it receives as revenue
c) Lending of money by RBI to State Governments
d) Lending of money by World Bank to Poor countries
e) None of the above

17. Who is the author of 'Das Kapital' which is a critical analysis of Political Economy?
a) Maxim Gorky
b) Karl Marx
c) Leo Tolstoy
d) Amartya Sen
e) None of the above

18. The 'Bharatiya Mahila Bank' the first nationalised bank for women will have a Seed
Capital of Rupees
a)500 Crores
b) 5000 Crores
c) 100 Crores
d) 1000 Crores
e) None of the above

19. JNNURM (Jawaharlal Nehru National Urban Renewal Mission) is a Govt. of India
scheme for?
a) Urban Employment
b) Urban Finance
c) Urban Education
d) Urban Development & Modernization
e) 'a', 'b' & 'c' of the above

20. Which Country is the largest producer of Wheat in the world?
a) India
b) USA
c) Peoples Republic of China
d) Russia
e) None of the above

21. The first NBFC (Non Banking Financial Company) to be converted into a Bank in
India is
a)Kotak Mahendra Finance Ltd. in 2003
b) Reliance Finance Ltd. in 2005
c) L&T Finance Ltd. in 2008
d) Shriram Finance Ltd. in 2006
e) None of the above

22. What is 'Operation Flood'?
a) Flood Control Program of Govt. of India
b) River Linking Project of Govt. of India
c) Dairy Development Project of NDDB(National Dairy Development Board)
d) Irrigation Development Plan of Govt. of India
e) None of the above

23. What is the Target set for Farm Credit in Union Budget for 2013-14?
a) Rs 7,00,000 Crore
b) Rs 5,00,000 Crore
c) Rs 5,75,000 Crore
d) Rs 3,00,000 Crore
e) None of the above

24. What is 'Financial Inclusion'?
a) Delivery of Banking Services at affordable cost
b) Providing Banking Services to the vast sections of disadvantaged and low income
groups
c) Availability of Banking and payment services to entire population without
discrimination
d) All the 3 above
e) None of the above

25. How much amount is earmarked approximately for capital infusion in to Public Sector
Banks in FY 2013-14?
a) Rs. 14,000 Crores
b) Rs. 10,000 Crores
c) Rs. 20,000 Crores
d) Rs. 18,000 Crores
e) None of the above

26. The threshold for cash transactions to be monitored by Banks as per RBI guidelines isa)
Rs. 50 Lakh
b) Rs. 10 Lakh
c) Rs. 5 Lackh
d) Rs.50,000
e)Rs. 25,000

27. On 10th October, 2013 a group member organisation of the World Bank has launched
Bonds worth US $ 1 billion linked to Rupee for boosting investments in India. Name
this organization.
a) International Monetary Fund (IMF)
b) International Finance Corporation (IFC)
c) Asian Development Bank (ADB)
d) United Nations Development Programme (UNDP)
e) None of the above

28. National Bank for Agriculture and Rural Development (NABARD) is established in
July, 1982 as per recommendations of Committee headed by
a)Narasimhan
b) Saraf
c) Rangarajan
d) Sivaraman
e) Bimal Jalan

29. What is the name of the trade Association of IT & BPO companies in India?
a) NASSCOM
b) FICCI
c) CII
d) AIMA
e) ASSOCHAM

30. Name the Bank which has recently announced 'eKYC' facility to open Savings and
Loan accounts based on just Aadhar and Finger prints scan for New Customers.
a) HDFC Bank
b) SBI
c) Axis Bank
d) IDBI Bank
e) Punjab National Bank

31. RBI guidelines require Banks to roll out more secured 'Chip+ PIN' Debit/Credit cards
to their customers. What is the deadline set by RBI for this?
a) November 30th, 2013
b) December 31st, 2013
c) March 31st, 2014
d) September 30th, 2013
e) None of the above

32. Which Sector contributed maximum to GDP of India as per Economic Survey 2012-13?
a) Industrial
b) Services
c) Agriculture
d) Infrastructure
e) None

33. What is 'Employee Attrition'?
a) Employees filing suits against their Employers
b) Employees filing suits against each other
c) Employees striking work
d) Employer loosing Employees through resignation/retirement/retrenchment
e) None of the above

34. Rs. 2058 Crore Jet-Etihad deal is the largest Foreign investment in Indian Aviation
Sector so far. Where is the Etihad headquarters is located?
a) Dubai
b) Muscat, Oman
c) Kuwait
d) Singapore
e) Abu Dhabi

35. Which company is the World's largest Steel manufacturer?
a) Nippon Steel, Japan
b) Arcelor Mittal, Luxemborg
c) POSCO, South Korea
d) Tata Steel, India
e) None of the above

ANSWERS:
1) a 2) c 3) e 4) c 5) b 6) a 7) d 8) e 9) e 10) a
11) d 12) a 13) c 14) c 15) a 16) b 17) b 18) d 19) d 20) c
21) a 22) c 23) a 24) d 25) a 26) b 27) b 28) d 29) a 30) c
31) a 32) b 33) d 34) e 35) b 

Baroda Rajasthan Kshetriya Gramin Bank Recruitment of Various Posts

Baroda Rajasthan Kshetriya Gramin Bank invites applications from Indian Citizens for Officer grade Office-Assistant (Multipurpose) who have been declared qualified at CWE-II for RRBs conducted by IBPS during September/ October 2013 :

• Officer JM Scale-I : 175 posts (UR-89, SC-26, ST-13, OBC-47) (PWD-5), Pay Scale : Rs. 14500 - 25700, Age : 18-28 years
• 
  
• Office Assistants (Multipurpose) : 136 posts (UR-69, SC-23, ST-17, OBC-27) (PWD-4), Pay Scale : Rs.7200-19300, Age : 18-28 years

Application fee : 
Rs.100/- paid (Rs.20/- for  SC/ST/PH) by a Challan form available at BRKGB website to be deposite in any branch of Baroda Rajasthan Kshetriya Gramin Bank. 

How to Apply : 
Application is to be submitted online only at the BRKGB website from 01/08/2014 to 19/08/2014. 


Please visit http://www.brkgb.com   for details, challan form and online submission of application.

State Bank of India (SBI) Recruitment of 300 Special Management Executive (Banking) Posts

Applications are invited for the following posts:

1. Special Management Executive (Banking) - MMGS III: 165 Posts 2. Special Management Executive (Banking) - MMGS II: 135 PostsQualification: CA/ ICWA/ ACS/ MBA/ MMS/ PGDBA/ PGPM/ PGDM. (The course should be of 2 years full time duration. Courses completed through correspondence/ part-time are not eligible. The institute should be recognised/ approved by Govt., Govt. bodies/ AICTE).  Applications Fee: Rs. 100/- for SC/ ST candidates and Rs. 500/- for General and others candidates.  Selection Procedure: Selection of candidates will be on the basis of examination, group discussion and interview. Phase I: Online examination consisting objective test for 200 marks and descriptive test for 50 marks. Both the tests will be online. Candidates will be required to answer their descriptive test also online. Test pattern: Objective Test: Online Sl. No. Test Details No of Questions Marks Time 1 Banking Knowledge 50 50 120 Minutes 2 Data Interpretation & Analysis 50 50 3 Reasoning 50 50 4 General Awareness 50 50 Descriptive Test: Online English Language Test: (Letter Writing & Essay) 50 75 Minutes Phase II: Group Discussion (20 Marks) & Interview (30) Marks. How to Apply: Candidates can apply online only.  Important Dates: Opening date of online registration 24-July-2014 Closing date of online registration 11-Aug-2014 Payment of fee (Online): 24-July-2014 to 11-Aug-2014 Payment of fee (Offline): 26-July-2014 to 13-Aug-2014 Date of written examination 19-Sept-2014 For more details, please visit: https://www.sbi.co.in/portal/documents/44978/143453/CRPD+AD_July2014+issue _Eng.pdf/4c8ca38c-cafa-480c-a9a6-e0359a2f3c4c

Indian Bank Recruitment of 251 Specialist Officers Posts

Applications are invited for the following posts:

Specialist Officers: Assistant Manager (Industry): 67 PostsQualification: BE/ B.Tech. degree in Electrical and Electronics/ Textile/ Chemical/ Mechanical Engineering/ Production Engineering degree (Graduation) with first class or equivalent CGPA. Manager (Specialized Verticals – Credit, Risk, HR & Marketing): 90 Posts Qualification: Two years full time regular Postgraduate diploma/ degree in Management from reputed institutions like IIMs or XLRI etc. or Certified Financial Analyst. Manager (Treasury/ Financial Products/ Financial Services): 40 Posts Qualification: Two years full time regular Postgraduate qualification in Management (Banking & Financial Service/ Banking Management/ Banking Technology) or Certified Financial Analyst. Manager (Planning & Economist): 18 Posts Qualification: Two years full time regular Post graduation in Economics (Mathematic and Statistics) or Econometrics or M.Sc. (Statistics).  Manager (Security): 11 Posts Qualification: Graduation.  Manager (Cost Accountant): 02 Posts Qualification: Qualified Cost Accountant from the Institute of Cost Accountants of India.  Manager (Corporate Communications): 02 Posts Qualification: Two years full time regular Master degree in Journalism/ Mass Communication with first class or equivalent CGPA.  Senior Manager (Treasury): 04 Posts Qualification: Post Graduation or MBA from reputed institutions or Chartered Accountant or Cost of Accountant or Certified Financial Analyst. Senior Manager (Risk Management): 03 Posts Qualification: Charted Accountant or Certified Financial Analyst or MBA degree (Finance) with Risk Management as a subject. Preference will be given to FRM/ PRM. Chief Manager (Credit): 10 Posts Qualification: Bachelors degree in the relevant discipline and Qualified Chartered Accountant/ MBA Finance/ PGDBM/ PGDBA. Or Certified Financial Analyst.  Chief Manager (Economist): 02 Posts Qualification: Masters degree in Economics/ Econometrics. Preference will be given to candidates with M.Phil./ PhD.  Chief Manager (Chartered Accountant): 01 Post Qualification: Bachelors degree in the relevant discipline and Qualified Chartered Accountant from institute of Chartered Accountants of India. Chief Manager (Risk Management): 01 Post Qualification: Chartered Accountant or Certified Financial Analyst or MBA degree (Finance) with Risk Management as a subject. Application Fee: Rs. 50/- (Postal charges) for SC/ ST/ PWD candidates and Rs. 550/- for all other candidates. How to Apply: Candidates can apply online only.  Important Dates: Opening date of online registration 16-July-2014 Closing date of online registration 30-July-2014 For more details, please visit:  http://www.indianbank.in/pdfs/rec/adv_spec_2014-15.pdf

Bank of Baroda Recruitment of 300 Probationary Officers Posts

Applications are invited for the following posts.

Probationary Officers: 300 Posts Qualification:Degree (Graduation) with minimum 60% (55% for SC/ST/PWD) marks in any discipline from a recognized University OR any equivalent qualification as such recognised by Central Government. Age (As on 16/07/2014): 28 years Application Fees: Rs. 50/- for SC/ ST/ PWD candidates and Rs. 550/- for all others candidates. How to Apply: Candidates can apply online only. Important Dates: Last date for online registration 16-July-2014 Download of call letter for examination from 04-Aug-2014 Date of Examination (Tentative) 14-Aug-2014 For more details, please visit: http://www.bankofbaroda.com/careers/BMSBSelection.asp