Saturday, April 18, 2015

Day 6 - Questions


Day 6 - Secondary Functions of Banks

(Secondary Functions of Banks, ATMs - White Label, Brown Label, Cards - Prepaid card, Credit card, Debit card, e-banking, m-banking, NBFC, Letter of Credit)


Recommended Study links - (Go through these topics before attempting MCQs)


1.  
Which bank first introduced ATM in India in 1987?
a.  State Bank of India (SBI)
b.  Punjab National Bank (PNB)
c.  Hongkong and Shanghai Banking Corporation (HSBC)
d.  Federal Bank

2.  Which bank first introduced Credit Card in India?
a.  State Bank of India (SBI)
b.  Central Bank of India
c.  Bank of India (BOI)
d.  None of the above

3.  ATMs set up, owned and operated by non-bank entities (e.g., NBFC) are known as -
a.  White Label ATMs (WLA)
b.  Brown Label ATMs (BLA)
c.  Bank owned ATMs
d.  None of the above

4.  ATMs set up and owned by a Service provider, but cash management and connectivity is provided by a sponsor banks are known as -
a.  White Label ATMs (WLA)
b.  Brown Label ATMs (BLA)
c.  Bank owned ATMs
d.  None of the above

5.  What is the full form of ATM?
a.  Automation Teller Machine
b.  Automated Teller Machine
c.  Automatic Teller Machine
d.  Automotive Teller Machine

6. Which cards may not linked with bank accounts?
i.  Debit card
ii.  Credit card
iii. Prepaid card

a.  Only (ii)
b.  Both (ii) and (iii)
c.  Only (i)
d.  (i), (ii) and (iii)

7.  Open-system Prepaid Cards are issued by -
a.  Banks
b.  Authorized non-bank entities
c.  Any non-bank entities
d.  None of the above

8.  What is the maximum amount that can be used in Open-System Prepaid Cards?
a.  Rs. 50,000
b.  Rs. 1 lakh (earlier max limit was Rs. 50,000)
c.  Rs. 20,000
d.  No such limit

9.  Mobile Wallet is a type of -
a.  Debit Card
b.  Credit Card
c.  Prepaid Card
d.  None of the above

10.  Choose the correct option from the followings -
i.  NBFCs cannot accept demand deposits from public
ii.  NBFCs are part of the Payments and Settlement System
iii. NBFCs cannot issue cheques drawn on itself
iv.  Deposits in NBFCs are insured by DICGC

a.  (i), (ii) and (iii) are true
b.  (i) and (iii) are true
c.  (ii) and (iii) are true
d.  Only (i) is true

11.  NBFCs are registered under which Act?
a.  Companies Act, 1956
b.  Banking Regulation Act, 1949
c.  Negotiable Instruments Act, 1881
d.  None of the above

12.  Which type of ATMs can be provided by NBFCs?
a.  Bank-owned ATMs
b.  WLAs
c.  BLAs
d.  None of the above

13.  Choose the correct option regarding Secondary Functions of Banks -
i.  Accepting Deposits
ii.  Advancing of Loans
iii.  Overdraft Facility (OD)
iv.  Discounting Bills of Exchange
v.  Agency Functions - like Remittances (fund transfer), Collection and payment of various items, Purchase and Sale of Foreign exchange, Purchase and sale of Securities, Income Tax consultancy, Trustee and Executor, Letter of reference, etc.
vi.  General Utility Functions - Locker facility, Travellers' Cheques, Letter of Credit, Underwriting Securities, Collection of Statistics, etc.

Which of the above is/are Secondary Function of Banks?
a.  Only (i) and (ii)
b.  Only (iii), (iv), (v) and (vi)
c.  Only (v) and (vi)
d.  Only (iv), (v) and (vi)

14.  Letter of Credit is generally used for -
a.  International trade
b.  Domestic trade
c.  Foreign Exchange
d.  None of the above

15.  Initially who provides Bill of Lading to whom?
a.  Seller to Carrier
b.  Carrier to Seller
c.  Carrier to Buyer
d.  Seller to Buyer




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Friday, April 17, 2015

SSC CGL 2014 Tier-2 Answer Key



SSC CGL 2014 Tier - II Answer Key

SSC has released the answer key of Tier-II of CGL 2014 exam. However many candidates notified that answer key of Maths section has many error. Hope SSC will come out with corrected answer key in due time.

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SSC CHSL 2014 Phase-1 Result and Phase-2 Notice


SSC CHSL (10+2) 2014 Marks of Phase - 1 Declared

Candidates other than NR and CR regions - Click Me

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SSC CHSL (10+2) 2014 Phase - 1 Result Declared

SSC has declared Combined Higher Secondary Level (10+2) result. Download the list of selected candidates from the following alternate link -

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SSC CHSL (10+2) Phase - 2 Descriptive Exam
  • Descriptive and Qualifying in Nature
  • Total Marks - 200 
  • Total Duration - 2 hours (VH candidates - 2 h 40 m)

Four Sections in Phase 2 -

a.  English (including Essay and Letter Writing) - 50 Marks
b.  General Intelligence and Reasoning - 50 Marks
c.  Quantitative Aptitude - 50 Marks
d.  General Awareness - 50 Marks


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Bankoncepts Study Plan Feedback


Bankoncepts Study Plan Feedback

Please send your feedback regarding Bankoncepts Study Plan 2015-16.

Let us know whether you liked it or not. Also, tell us about the improvements needed, so that we can help you to our best!


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Day 5 - Questions


Day 5 - Primary Functions of Banks - Part II

(Loans and Advances, Cash Credit (CC), Overdraft (OD), Bill Discounting, Base Rate, Non Performing Assets (NPA), Priority Sector Lending (PSL), SARFAESI Act, Loan Securities - Pledge, Hypothecation, Mortgage, Lien, etc.)


Recommended Study links - (Go through these topics before attempting MCQs)


1.  
What is Spread?
a.  Difference between deposit interest rate (paid by bank) and loan interest rate (charged by bank)
b.  Difference between interest rate paid in savings deposit and term deposit
c.  Difference between base rate and savings deposit interest rate
d.  None of the above

2.  Which loans are referred as Clean loans/advances?
a.  Loans against deposits
b.  Loans against mortgages
c.  Loans against personal worth
d.  Hypothecated loans

3.  Cash Credit (CC) accounts have a certain limit of withdrawal, known as -
a.  Credit Facility
b.  Current Facility
c.  No such limit is there
d.  None of the above

4.  Which one is true regarding Cash Credit (CC) and Overdraft (OD) -
i.  Cash credits are generally offered to businessmen, whereas overdraft can be used both by individual and businessmen
ii.  There is no need for any separate account for availing Overdraft facility.
iii.  A certain percentage of the value of the commodities / debts pledged by the account holder is the credit limit or credit facility of Cash Credit Account

a.  Only (iii) is true
b.  Only (ii) is true
c.  All are true
d.  Only (i) and (ii) are true

5.  If the Bill of Exchange is not honored on the due date, there is always a change the drawer will become liable on the bill. This is called a Contingent Liability. What does it mean?
a.  A liability that will only arise if a certain event occurs
b.  A liability that will remain valid until the debtor pays his debt
c.  Both (a) and (b)
d.  None of the above

6.  What is the time period to mark a loan asset as non-performing?
a.  1 year non-payment of interest or principal of loan amount
b.  6 months non-payment of interest or principal of loan amount
c.  3 months non-payment of interest or principal of loan amount
d.  None of the above

7.  Sub-standard Assets are those loan assets, whose -
a.  Interest or principal of loan amount is not defaulted for 3 months
b.  Interest or principal of loan amount is defaulted for 3 to 12 months
c.  Interest or principal of loan amount is defaulted for more than 12 months
d.  None of the above

8.  What is the full form of SARFAESI Act?
a.  Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
b.  Securitization and Restructurization of Financial Assets and Enforcement of Security Interest
c.  Securitization and Reconstruction of Financial Assets and Enforcement of Securitization Interest
d.  None of the above

9.  SARFAESI Act is not applicable for -
i.  Secured loans (loans backed by underlying securities)
ii.  Unsecured loans (loans not backed by underlying securities)
iii.  Loans for agricultural purpose

a.  Only (i)
b.  Both (i) and (ii)
c.  Both (ii) and (iii)
d.  Only (iii)

10.  What is the notice period to seize secured assets by SARFAESI Act?
a.  1 month
b.  2 months
c.  3 months
d.  1 year

11.  Which of the following is/are Asset Reconstruction Companies (ARC)?
a.  ARCIL
b.  ACRE
c.  Phoenix ARC Pvt. Ltd.
d.  All of the above

12.  Which of the following is not a sector for Priority Sector Lending (PSL)?
a.  Agriculture and Allied Activities
b.  Large Industrial Sector
c.  Weaker Section
d.  Micro Credit

13.  Which one is the Priority Sector Lending target percentage?
a.  30 % of ANBC
b.  40 % of ANBC
c.  20 % of ANBC
d.  35 % of ANBC

14.  Which one is the sub-target of PSL for Agricultural activities?
a.  10 % of ANBC
b.  18 % of ANBC
c.  20 % of ANBC
d.  28 % of ANBC

15.  Loans against deposits is which type of loan security?
a.  Pledge
b.  Hypothecation
c.  Mortgage
d.  Lien

16.  Vehicle loans, such as bus loan, is a type of -
a.  Pledge
b.  Hypothecation
c.  Mortgage
d.  Lien

17.  Which is the minimum chargeable interest for the credit sanctioned to the borrower by a bank?
a.  Repo rate
b.  Reverse Repo rate
c.  Base rate
d.  MSF rate

18.  Base rate replaced -
a.  Prime Lending Rate
b.  Repo Rate
c.  Reverse Repo Rate
d.  MSF Rate

19.  Is it possible to sanction loan bearing interest rate less than Base rate? If yes, then which one is the case -
a.  Not possible
b.  Loans to bank's own employees and loans against deposits
c.  DRI scheme beneficiaries
d.  Both (b) and (c)

20.  Choose the correct option regarding DRI Scheme -
i.  Family income ceiling per annum in rural and urban area should be less than Rs. 18,000 and Rs. 25,000 respectively.
ii.  Maximum loan limit is Rs. 15,000 (Housing loan up to Rs. 20,000)
iii.  Banks are required to lend 1 % of their total outstanding advances under DRI Scheme every year.

a.  Only (i)
b.  (i), (ii) and (iii)
c.  (ii) and (iii)
d.  (i) and (iii)





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Thursday, April 16, 2015

IBPS PO IV Allotment List



IBPS PO IV Allotment List

IBPS has released Probationary Officer IV final allotment list on the basis of marks in reverse order -
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IBPS SO IV Allotment List

IBPS has released Specialist Officer IV final allotment list on the basis of marks in reverse order -
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IBPS Clerk IV Allotment List

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Wednesday, April 15, 2015

Day 4 - Questions


Day 4 - Primary Functions of Banks - Part I

(Accepting Deposits, Savings, Current, Recurring and Fixed-deposit Accounts, CASA, Small Account, BSBDA, Deposit Insurance, PMJDY Account)


Recommended Study links -


1.  
Which account is best suitable for fixed monthly savings to earn maximum interest, for an individual?
a.  Savings Account
b.  Current Account
c.  Recurring Account
d.  Fixed Deposit Account

2.  What is the full form of CASA?
a.  Current Account and Small Account
b.  Current Account and Savings Account
c.  Current Account and Small-Savings Acccount
d.  None of the above
* Sorry, there was a mistake in highlighting. It will be Current and Savings Account.

3.  Choose the correct option regarding CASA ratio -
a.  (Current  + Savings) deposit / Total deposit of a bank
b.  (Current  + Small) deposit / Total deposit of a bank
c.  (Current + Small) deposit / (Recurring + Term) deposit of a bank
d.  (Current + Savings) deposit / (Recurring + Term) deposit of a bank

4.  Which one is better for a bank -
a.  Higher CASA ratio (Higher CASA ratio means, most deposits are in Current and Savings Accounts, which bear less interest than Term and Recurring deposits. Therefore, banks will have to pay less interest in those accounts) (Note that this is from the view of interest paid by banks)
b.  Lower CASA ratio
c.  No effect on bank
d.  None of the above

5.  Which of the following is false?
a.  Savings Deposits bear less interest than Current Deposits
b.  Current Accounts generally bear no interest
c.  Term Deposits bear more interest than Savings or Current Accounts
d.  All are true

6.  Which of the following is false?
a.  There is no limit of transactions / withdrawals from a Current Account, but Savings Accounts have limited transaction and withdrawal facility
b.  There is no interest payable in Current Account deposits, but Savings Accounts attract interests in the deposits
c.  Current Account is used for business purpose, but Savings Accounts is used for saving deposits
d.  All are true

7.  What is the full form of BSBDA?
a.  Basic Savings Bank Deposit Account
b.  Basic Small Bank Deposit Account
c.  Basic Standard Bank Deposit Account
d.  Basic Small-savings Bank Deposit Account

8. Which of the following is true regarding BSBDA?
a.  There is no requirement of maintaining minimum balance in BSBDA
b.  Maximum 4 withdrawal (including ATM withdrawals) is allowed in BSBDA
c.  ATM/Debit card is provided to the customers
d.  All are true

9.  RBI instructed banks to convert No-frills account into -
a.  Savings Account
b.  BSBDA Account
c.  Current Account
d.  None of the above

10.  Which of the following is true regarding BSBDA?
i.  Total balance should not exceed Rs. 1 lakh in a year
ii.  Maximum balance should not exceed Rs. 50,000 at any point of time
iii.  Debits by means of cash withdrawals or remittances will not exceed Rs. 10,000 in a month

a.  Only (ii) is true
b.  Both (i) and (ii) are true
c.  All are true
d.  None is true

11.  Which of the following is true regarding Small Accounts?
i.  Total balance should not exceed Rs. 1 lakh in a year
ii.  Maximum balance should not exceed Rs. 50,000 at any point of time
iii.  Debits by means of cash withdrawal or remittances will not exceed Rs. 10,000 in a month

a. Only (i) is true
b. Only (ii) is true
c. (i) and (iii) are true
d. (i), (ii) and (iii) are true

12.  Which of the following is true regarding Small Accounts?
i.  Small accounts are valid for a period of 12 months initially, which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document
ii.  Small accounts can only be opened at CBS linked branches of banks or at such branches where it is possible to manually monitor the fulfillment of the conditions
iii.  Foreign remittances cannot be credited to Small Accounts without completing normal KYC formalities

a.  (i) and (iii) are true
b.  (ii) and (iii) are true
c.  All are true
d.  Only (i) is true

13.  What is the full form of DICGC?
a.  Deposit Interest Credit Guarantee Corporation
b.  Deposit Insurance Credit Guarantee Corporation
c.  Deposit Interest-free Credit Guarantee Corporation
d.  Deposit Insurance Cooperation Guarantee Corporation

14.  DICGC insures which of the following bank accounts?
a.  CASA Accounts
b.  Term deposit Accounts
c.  Recurring deposit Accounts
d.  All of the above

15.  Which is true regarding banks insured under DICGC?
i.  Commercial banks - Public sector banks, Private sector banks, Foreign banks operating in India, Regional Rural Banks, etc.
ii.  Cooperative banks - State, Central and Primary Cooperative Banks (collectively called Urban Cooperative Banks, or UCBs) that have amended Cooperative Societies Act, empowering RBI to control them

a.  Only (i) is true
b.  Only (ii) is true
c.  Both (i) and (ii) are true
d.  Neither (i) nor (ii) is true

16.  Which deposits are not covered under DICGC?
i.  Foreign government deposits
ii.  Central and State government deposits
iii.  Savings deposits of individuals
iv.  Inter-bank deposits

a.  (i) and (ii)
b.  (i), (ii) and (iii)
c.  (i) and (iv)
d.  (i), (ii) and (iv)

17.  What is the maximum amount / limit to be claimed under Deposit Insurance scheme of DICGC?
a.  Rs. 50,000
b.  Rs. 1 lakh
c.  Rs. 1.5 lakh
d.  No such limit

18.  Choose the correct option regarding PMJDY Account -
i.  Accidental Insurance cover is Rs. 30,000
ii.  Life Insurance cover is Rs. 1 lakh
iii.  Overdraft (OD) facility upto Rs. 5,000 is permitted (after satisfactory operation of account)
iv.  RuPay Debit Card will be provided
v.  No minimum balance criteria (unless cheque book facility is availed)

a.  (i), (ii) and (v) are true
b.  (i), (ii), (iii) and (iv) are true
c.  (iii), (iv) and (v) are true
d.  All are true

19.  PMJDY scheme of government has been recognized by Guiness Book of World Record for -
a.  Most bank accounts opened
b.  Most bank accounts opened in a single week
c.  Most bank accounts opened in a month
d.  None of the above

20.  What is the slogan of PMJDY?
a.  Mera Khata Bhagya Vidhata
b.  Sabke Saath Sabke Vikash
c.  Aapka paisa, Aapke haath
d.  None of the above



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Day 3 - Questions


Day 3 - Types of Banks (Part-II)

(Cooperative Banks, MUDRA Bank, Small and Payment Banks, Postal Bank of India, Specialized Banks - EXIM, SIDBI, NABARD, etc)


Recommended Study links -


1.  
Which of the following Cooperative banks work in district level?
a.  Primary Credit Societies
b.  Central Cooperative Banks
c.  State Cooperative Banks
d.  All of these

2.  Cooperative banks are registered with -
a.  Reserve Bank of India
b.  Union Government
c.  Registrar of Cooperative Societies (RCS)
d.  None of the above

3.  Anonya Cooperative Bank Ltd. (ACBL) is the first Cooperative Bank in India. Where is it located?
a.  Bhopal, Madhya Pradesh
b.  Kolkata, West Bengal
c.  Lucknow, Uttar Pradesh
d.  Vadodara, Gujarat

4.  The government is to set up Postal Bank of India in near future. What is the proposed structure of this bank?
a.  Small Bank
b.  Payments Bank
c.  Universal Bank
d.  Central Bank

5.  MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India. What is the full form of 'MUDRA'?
a.  Micro and Universal Development Refinance Agency
b.  Micro Units Development and Refinance Agency
c.  Micro-finance Units Development and Regulation Agency
d.  Micro Units Development and Regulation Agency

6.  What amount of corpus is allocated to set up MUDRA Bank?
a.  Rs. 20,000 crore
b.  Rs. 25,000 crore
c.  Rs. 3,000 crore
d.  Rs. 3,500 crore

7.  What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises?
a.  10 %
b.  7.5 %
c.  8.5 %
d.  9.5 %

8.  MUDRA bank will refinance and regulate which institutions?
a.  Non-Banking Financial Companies (NBFCs)
b.  Commercial Banks
c.  Micro Finance Institutions (MFIs)
d.  None of the above

9.  What amount is allocated for Credit Guarantee Corpus of MUDRA Bank?
a.  Rs. 20,000 crore
b.  Rs. 25,000 crore
c.  Rs. 3,000 crore
d.  Rs. 3,500 crore

10.  MUDRA Bank will be created under which yojana of government?
a.  Pradhan Mantri Mudra Yojana
b.  Pradhan Mantri Jan Dhan Yojana
c.  Pradhan Mantri Suraksha Bima Yojana
d.  All of the above

11.  What is the total minimum paid-up capital of Small Banks and Payment Banks?
a.  Rs. 100 crore
b.  Rs. 200 crore (Min. paid-up capital of Small banks and Payment banks are Rs. 100 core each)
c.  Rs. 50 crore
d.  Rs. 150 crore

* Changed this question. Refer the following -

What is the minimum paid-up capital of Small Banks and Payment Banks?
a.  Rs 100 crore each
b.  Rs. 200 crore each
c.  Rs. 50 crore each
d.  Rs. 150 crore each

12.  Which of the following banks cannot take time deposits from public?
a.  Small Bank
b.  Payment Bank
c.  Both a and b
d.  None of the above

13.  Which bank is mainly created for providing remittance / payment services?
a.  MUDRA Bank
b.  Small Bank
c.  Payment Bank
d.  Both b and c

14.  Payment Banks can issue which type of Cards?
a.  Credit Cards
b.  Debit Cards
c.  Both a and b
d.  None of the above

15.  What is the main purpose to set up Small Banks?
a.  Providing credit to small farmers, small business, unorganized sectors, etc.
b.  Providing remittance / payment services
c.  Providing credit to large industries
d.  All of the above

16.  Payment banks can accept demand deposits, but initially with a maximum limit. What is that limit?
a.  Rs. 1,00,000
b.  Rs. 50,000
c.  Rs. 75,000
d.  No such limit

17.  Choose the correct option regarding headquarters -
a.  EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Mumbai
b.  EXIM Bank - New Delhi, NABARD - Mumbai, SIDBI - Mumbai
c.  EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Lucknow
d.  EXIM Bank - Mumbai, NABARD - Kolkata, SIDBI - Mumbai

18.  Which bank is created for the promotion of cross border trade and investment?
a.  NABARD
b.  SIDBI
c.  EXIM Bank
d.  None of the above

19.  Choose the correct option regarding chairmen -
a.  NABARD - Dr. Harsh Kumar Bhanwala
b.  EXIM Bank - Mr. Yaduvendra Mathur
c.  SIDBI - Dr. Kshatrapati Shivaji
d.  All of the above are true

20.  National Housing Bank (NHB), a subsidiary of RBI, regulates and refinances social housing programs in India. Where is the headquarter of NHB?
a.  New Delhi
b.  Mumbai
c.  Bengaluru
d.  Chennai

21.  What is the full form of NABARD?
a.  National Bank for Agriculture and Rural Development
b.  National Bank for Agriculture and Rural Department
c.  National Agricultural Bank and Rural Development
d.  National Agricultural Bank and Rural Department

22.  NABARD was formed on the recommendation of Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by RBI. Who chaired the committee?
a.  U.K.Patel
b.  Bimal Jalan
c.  B.Sivaraman
d.  Y.V.Reddy

23.  SIDBI provides short term loans and refinance facilities to -
a.  Micro, Small and Medium Enterprises (MSMEs)
b.  Large Industries
c.  Small Farmers
d.  None of the above

24.  Primary Credit Societies work in -
a.  village level
b.  district level
c.  state level
d.  country level

25.  Banking aspects of Cooperative banks are governed by -
a.  Reserve Bank of India
b.  Registrar of Cooperative Banks
c.  Union Government
d.  State Government




Note - Do not refer any source while answering the questions. 


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Tuesday, April 14, 2015

Day 2 - Questions


Day 2 - Types of Banks (Part-I)

(Central Bank, Commercial Banks, Development Banks, Nationalized vs. Public Sector Banks)

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1.  RBI was established (April 1, 1935) under which Act?
a.  Reserve Bank of India Act, 1934
b.  Reserve Bank of India Act, 1926
c.  Banking Regulation Act, 1949
d.  Negotiable Instrument Act, 1881

2.  Who was the first Indian governor of RBI?
a.  Osborne Smith
b.  C.D.Desmukh
c.  James Taylor
d.  Bimal Jalan

3.  In which year RBI was nationalized?
a.  1955
b.  1949
c.  1947
d.  1980

4.  Who among the following is not incumbent (as of April 14, 2015) Deputy Governor of RBI?
a.  H.R.Khan
b.  R.Gandhi
c.  S.S.Mundra
d.  K.C.Chakraborty

5.  RBI recently proposed a new post in the rank of Deputy Governor (along with the 4 Deputy Governors). Which one is that post?
a.  Chief Executive Officer (CEO)
b.  Chief Operating Officer (COO)
c.  Chief Finance Officer (CFO)
d.  CEO and Managing Director (CMD)

6.  Which one of the following rates is not decided by RBI?
a.  Repo rate
b.  Base rate
c.  Bank rate
d.  Marginal Standing Facility (MSF) rate

7.  Which of the following bank is generally not considered as Commercial bank?
a.  Public Sector Bank
b.  Private Sector Bank
c.  Development Bank
d.  Foreign Bank

8.  Which of the followings are Development Banks of India -
a.  Industrial Finance Corporation of India (IFCI)
b.  State Finance Corporations (SFCs)
c.  Small Industries Development Bank of India (SIDBI)
d.  All of the above

9.  Which banks are Public Sector Banks of India -
a.  More than 50 % stake held by government
b.  50 % stake held by government
c.  Less than 50 % stake held by government
d.  None of these

10.  RBI performs supervisory functions over banking sector, under which Act -
a.  Negotiable Instrument Act, 1881
b.  Banking Regulation Act, 1949
c.  Reserve Bank of India Act, 1934
d.  Companies Act, 1956

11.  Which of the following banks is not nationalized in 1969?
a.  Indian Overseas Bank
b.  United Bank of India
c.  Oriental Bank of Commerce
d.  Dena Bank

12.  Initially SBI had 8 Associate banks. Currently SBI has 5 Associate banks. Which of the followings is true -
a.  State Bank of Jaipur and State Bank of Bikaner merged
b.  State Bank of Saurashtra merged with SBI
c.  State Bank of Indore merged with SBI
d.  All are true

13.  Which of the following is not considered as Nationalized Bank?
a.  State Bank of India
b.  Punjab National Bank
c.  Dena Bank
d.  Bank of Baroda

14.  Name the chairman and headquarter of Bharatiya Mahila Bank (BMB) -
a.  Arundhati Bhattacharya, Mumbai
b.  Usha Ananthasubhramanian, Mumbai
c.  Usha Ananthasubhramanian, New Delhi
d.  Chanda Kochchar, New Delhi

15.  Who is the chairman of United Bank of India (UBI)?
a.  P.Srinivas
b.  Arun Tiwari
c.  Arun Kaul
d.  Kishore Kumar Sansi

16.  'Trusted Family Bank' - is the tagline of -
a.  Dena Bank
b.  Corporation Bank
c.  Central Bank of India
d.  Oriental Bank of Commerce

17.  Headquarter of Punjab National Bank -
a.  Punjab
b.  New Delhi
c.  Mumbai
d.  Kolkata

18.  Who is the chairman of Bandhan Bank?
a.  Vikram Limaye
b.  V.G.Mathew
c.  Chandra Shekhar Ghosh
d.  Rana Kapoor

19.  Where is the headquarter of Federal Bank?
a.  Kochi
b.  Mumbai
c.  New Delhi
d.  Bengaluru

20.  Which private sector bank was earlier known as UTI Bank?
a.  Axis Bank
b.  ICICI Bank
c.  HDFC Bank
d.  Yes Bank



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Monday, April 13, 2015

Day 1 - Questions



Day 1 - Indian Banking History, Role of Banks


1.  Reserve Bank of India (RBI) was established on the recommendations of -
a.  Hilton Young Commission
b.  CRAFICARD
c.  S.Chetty Commission
d.  U.K.Patel Committee

2.  Which was the first foreign bank to open a branch in India?
a.  Citibank
b.  American Express Bank
c.  Comptoire d'Escompte de Paris
d.  HSBC

3.  Which is the oldest bank in India?
a.  Punjab National Bank
b.  Allahabad Bank
c.  State Bank of India
d.  Central Bank of India

4.  The number of Public Sector Banks in India is -
a.  27
b.  25
c.  14
d.  29

5.  In which years RBI and SBI are nationalized respectively?
a.  1955, 1949
b.  1969, 1955
c.  1949, 1955
d.  1955, 1969

6.  Which bank was merged with Punjab National Bank in 1993?
a.  Bank of Rajasthan
b.  New Bank of India
c.  Oudh Commercial Bank
d.  ING Vysya Bank

7.  Allahabad Bank (est. 1865) is the still functioning oldest Joint Stock bank of India. Which bank is the first Joint Stock bank of India?
a.  Punjab National Bank
b.  Union Bank of India
c.  Bank of Upper India
d.  Oudh Commercial Bank

8.  Which bank sponsored first Regional Rural Bank (RRB) in India by the name Prathama Grameen Bank?
a.  Allahabad Bank
b.  UCO Bank
c.  Syndicate Bank
d.  NABARD

9.  Which bank is the first Cooperative Bank of India (also in Asia)?
a.  Anyonya Cooperative Bank
b.  Repco Bank
c.  Saraswat Bank
d.  Mahila Cooperative Bank

10.  Which bank was renamed on 30th April, 1955 to become State Bank of India?
a.  Hindustan Bank
b.  Imperial Bank of India
c.  Oudh Commercial Bank
d.  Repco Bank

11.  Which is the first bank that was purely managed by Indians?
a.  Allahabad Bank
b.  Punjab National Bank
c.  Punjab & Sind Bank
d.  Oudh Commercial Bank

12.  Which commercial bank was first wholly owned and managed by Indians?
a.  Central Bank of India
b.  Allahabad Bank
c.  Punjab National Bank
d.  Punjab & Sind Bank

13.  How many banks were nationalized in 1969 (Smt. Indira Gandhi regime)?
a.  14
b.  15
c.  13
d.  12

14.  In which year 6 banks were nationalized (Smt. Indira Gandhi regime)?
a.  1969
b.  1955
c.  1980
d.  1934

15.  Who is the first Governor of RBI?
a.  C.D.Deshmukh
b.  James Braid Taylor
c.  Osborne Smith
d.  Raghuram Rajan

16.  Scheduled Banks of India are those banks, which are -
a.  included in First Schedule of RBI Act, 1934
b.  not included in First Schedule of RBI Act, 1934
c.  included in Second Schedule of RBI Act, 1934
d.  not included in Second Schedule of RBI Act, 1934

17.  Which is not an Associate Bank of SBI?
a.  State Bank of Bikaner & Jaipur
b.  State Bank of Travancore
c.  State Bank of Mysore
d.  State Bank of Rajasthan

18.  Which is an old private sector bank of India?
a.  Federal Bank
b.  Yes Bank
c.  IndusInd Bank
d.  HDFC Bank

19.  Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
a.  ING Vysya Bank
b.  Karur Vysya Bank
c.  Lakshmi Vilas Bank
d.  Jammu and Kashmir Bank

20.  Which combination has female CMDs?
a.  HDFC, ICICI, Axis Bank
b.  ICICI, Axis Bank, Kotak Mahindra Bank
c.  Yes Bank, Kotak Mahindra Bank, SBI
d.  SBI, ICICI, Axis Bank

21.  Which two private sector banks have got license from RBI in 2014?
a.  Bandhan and Yes Bank
b.  Yest Bank and IDFC
c.  IDFC and Bandhan
d.  Axis Bank and ICICI

22.  Who is conferred with the Best Central Bank Governor Award for 2014, by Euromoney?
a.  Janet Yellen
b.  Raghuram Rajan
c.  Graeme Wheeler
d.  Mario Draghi

23.  Which one is not a relationship between banker and customer? (Format: 'banker - customer')
a.  Creditor - Debtor
b.  Debtor - Creditor
c.  Bailee - Bailor
d.  Bailor - bailee

24.  Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
a.  SBI
b.  Punjab National Bank
c.  Federal Bank
d.  HSBC

25.  Bank of Rajasthan was merged with which private sector bank?
a.  ICICI Bank
b.  Axis Bank
c.  HDFC Bank
d.  Kotak Mahindra Bank



Note - Do not refer any source while answering the questions. 

(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



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SBI PO 2015-16 Analysis



Vacancy Analysis



UR
OBC
SC
ST
Total
2015-16
812
541
308
339
2000
2014-15
758
405
235
439
1837

This year SBI PO vacancies are increased by 8.87 %. But at the same time, the number of candidates will be much higher than the previous year, which was approximately 20 lakh or more. Obviously it is a hard nut to crack, but dedication, hard work and proper planning will help you achieve your goal!



New Exam Pattern



Note that Pattern of Tier-I is the new addition in this year's SBI PO exam, whereas, the pattern of Tier-II and GDPI is same as previous year. 

Some points to be remembered -
  • You have to answer the questions of Descriptive paper by typing in the computer, after completing the Objective paper of Tier-II (previous year it was in pen and paper)
  • Tier-I maths is Quantitative Aptitude, whereas, Tier-II maths section is Data Analysis and Data Interpretation



Final Merit List
  • Tier -1 - will not be considered for Final Merit List - will be used as a screening test for Tier II
  • Tier - II - Marks out of 200 + 50 = 250 will be converted to out of 75
  • GDPI - Marks out of 20+30 = 50 will be converted to out of 25



SBI PO 2014-15 Cutoffs





Expected Pattern of IBPS PO V

You can expect the same pattern to be followed in IBPS PO V exam, except that it may not contain Descriptive paper and Group Discussion.



Best of luck to all of you from Bankoncepts! 



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