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In context with the Real Time Gross Settlement which is maintained by the RBI in
India, what is the number of characters in the alphanumeric codes provided to each
bank connected with Core Banking System?
(A)8
(B)9
(C)10
(D)11
(E)12
(7 days, CDs issued by banks should not have the maturity less than seven days
and not more than one year. Financial Institutions are allowed to issue CDs for a
period between 1 year and up to 3 years.)
6.Which of the following committee is known to lay the foundation for induction
of Computer Technology in the Indian Banking Sector ?
(A)Abid Hussein Committee
(B)Dr. Rangarajan Committee
(C)Narsimham Committee
(D)Tarapore Committee
(E)Vijay kelker Committee
13.In context with the Basel II guidelines , which among the following is true
regarding the guidelines of the Reserve bank of India issued in 2007 for
implementation for foreign banks operating in India and Indian banks having
presence outside India?
(A)Standardized approach for credit risk and basic indicator approach for
operational risk
(B)Standardized approach for operational risk and basic indicator approach for
credit risk
(C)Standardized approach for both credit risk & operational risk
(D)Basic indicator approach for both credit risk & operational risk
(E)None of them
14.In context with the banking business, which among the following is a correct
definition of liquidity risk?
(A)Risk arising from funding of long term assets by short term liabilities or
funding of short term assets by long term liabilities
(B)Risk arising from adverse movement of interest rates during a liquidity
crunch in the markets
(C)Risk arising from the adverse movement of the value of the assets
/investments etc.
(D)Risk arising from a party becoming defaulter
(E)None of them
20.Who among the following are the beneficiaries of Ways and Means Advances
(WMA) facility of Reserve Bank of India?
(A)Commercial Banks
(B)Regional Rural banks
(C)State Governments
(D)Authorized Dealers of Foreign Exchanges
(E)All of above
Quiz on General Knowledge 64 - 2010
1. Who is the new Chief Minister of Meghalaya?
2. Who has been voted as India Inc’s Most Powerful CEO for 2009 by Economic Times
Tata
3. To which of the following neighbouring country India has decided to supply 50,000
tonnes of wheat, 25,000 tonnes of rice and 10,000 tonnes of yellow peas dal?
4. India's 18th Nuclear Power Plant Begins Commercial Operations in which of the
following states?
6. India's first International Tourism police station has been opened in which state?
7. Which Company has topped the list of Fortune’s most admired company in the world?
e)none
9. Recently Rbi increased Policy rates and Reserve ratios. Why did Rbi increased these
measures?
10. Who has been named ‘Wisden Cricketer of the Year’ for the second time in a row?
a)Ricky Pointing b)T Dilshan c)Andrew Strauss d)Sachin Tendulkar e)V Sehwag
11. Which of the following received the ‘Boeing's Supplier of the Year Award for the year
2009’?
12. Chandrashekhar Rele has recently passed away. He was famous _____?
13. Who has been awarded the Tejaswini award for young women achievers?
a)Vidya balan b)Priya Dutt c)Mary Kom d)All the bove e)none
14. Bahraich district has become the first tribal village in the state to be converted into a
revenue village under the Forest Rights Act. Bahraich is in which state?
a)Sikkim b)Rajasthan c)Maharashtra d)Chhattisgarh e)Uttar Pradesh
16. Which is the first bank in India to get the Chinese approval to carry out business in the
17. Which Organization has sanctioned USD 4.9-billion (over Rs 22,000 crore) loans to India
18. Which State has decided to pioneer an e-waste policy to encourage green information
technologies?
19. Which Country will host the 11th International Indian Film Academy Awards (IIFA)?
20. Recently SEBI banned the 14 life insurance companies in India from circulating ULIP’s.
e)none
as World Heritage Sites. The Jantar Mantar complexes in Jaipur and Santiniketan in West
Bengal have been recommended by India to be included in the World Heritage List.(Go
• The State Bank of India has received the permission from the Chinese government to
lend in the local currency—Yuan. SBI is the first Indian bank to receive this permission
from the Chinese authorities, who are traditionally conservative in allowing foreign banks
• Bhutan government will produce 10,000 MW of hydro-power for India by 2020 under a
joint venture. India will provide Rs 35,000 crore for the venture.
• India has the lowest percentage of female population in the Asia-Pacific region ranking
lower than Pakistan, Maldives and Bangladesh despite having the highest sex ratio at
birth compared to these countries, a new study shows. According to the report 'Power,
Voice and Rights' by the UNDP, while India had 48.2 per cent female population at birth,
Pakistan had 48.5, Bangladesh had 48.8 and Japan 51.1 per cent.
• Three Indians--Congress President Sonia Gandhi, ICICI Bank Head Chanda Kochhar and
PepsiCo Chief Executive Indra Nooyi--have been named among Asia's eight top power
women by American broadcaster CNN. The list is topped by China-based Nine Dragons
Paper Holdings' Zhang Yin, followed by Nooyi at the second spot. Gandhi is ranked
selected for the prestigious Chameli Devi Jain Award for Outstanding Woman
Mediapersons.
• AICC general secretary Mohsina Kidwai was elected Chairperson of the Haj Committee
of India. Kidwai would be the first woman Chairperson of the minority body.
• Greece has been added to the US Visa Waiver Programme, allowing its citizens to travel
• Indian-American computer scientist Subhash Khot, well known for his 'Unique Games
Conjecture' has been selected for a prestigious USD 500,000 national science award.
• Jharkhand started a new Atal Jyoti Electrification Scheme in the 2010/11 budget to
• Actress Preity Zinta was appointed UNAIDS Goodwill Ambassador and plans to
combine Cricket and Bollywood to raise awareness about the deadly disease.
• Mumbai has been named among the world's top ten billionaire cities as it is home to as
• India opened its 23rd Cultural Relations centre in Dhaka naming it after former Prime
Liberation War.
• In an indication of sustained economic growth, the per capita income in the national
capital(Delhi) has increased to Rs 78,690 in the financial year 2007-08 as against the
national figure of Rs 33,283. Delhi per capita income, which indicates an average earning
of a person, is the third highest in the country with Chandigarh having per capita income
• Batting maestro Sachin Tendulkar has been named as the most influential person in
Indian sports in the annual Sports Illustrated Power list. The top 50 rates Tendulkar as the
number one influencer in India, followed closely by IPL Chairman Lalit Modi at second
spot and liquor baron Dr Vijay Mallya in third. Union Agriculture Minister and President
elect, ICC Sharad Pawar, Indian cricket team skipper Mahendra Singh Dhoni and BCCI
president Shashank Manohar are fourth, fifth and sixth on the list respectively.
• The Bombay Stock Exchange has emerged as one of the top ten bourses globally in terms
of valuation of shares traded, with its market valuation nearly doubling to Rs 60,79,892
crore ($1.31 trillion) last year. Among the top ten bourses with the largest domestic
equity market capitalizations at the end of 2009, the BSE is placed at the tenth spot,
according to the WFE. The league is topped by the NYSE Euronext of the US with a
market capitalisation of $11.84 trillion and the Tokyo Stock Exchange Group ($ 3.31
• Delhi gets India’s first remote controlled street lights that can be switched on and off
• Pakistan cricket was thrown into turmoil with the country's Board putting an end to the
international careers of former captains Mohd Yousuf and Younis Khan besides imposing
a one-year ban on Shoaib Malik in the wake of the team's disastrous tour of Australia. As
recommended by the committee headed by Wasim Bari, former captain Shoaib Malik and
Rana Naved-ul-Hasan were handed one-year bans. The Akmal brothers Kamran and
Umar and Afridi have been put on probation for six months besides being fined between
Banking services for individual customers. Retail banking refers to banking in which
include: savings and checking accounts, mortgages, personal loans, debit cards, credit
Banking services offered to high net-worth individuals. Private banking institution assists
the high net-worth individual in investing his/her money in exchange for commissions
and fees. The term "private" refers to the customer service being rendered on a more
personal basis.
What is an Investment Bank and Commercial Bank and what is the difference
between them?
Investment Bank: A financial institution that deals primarily with raising capital,
corporate mergers and acquisitions, and securities trades. It aids companies in acquiring
funds.
Commercial Bank: An institution which accepts deposits, makes business loans, and
offers related services. Commercial banks also allow for a variety of deposit accounts,
such as checking, savings, and time deposit. These institutions are run to make a profit
used to distinguish it from an investment bank. The term ‘Commercial’ is used to refer to
any banking organization or division that deals with the deposits and loans of business
organizations.
commercial banking, the institution collects deposits from clients and gives direct loans
Through investment banking, an institution generates funds in two different ways. They
may draw on public funds through the capital market by selling stock in their company,
and they may also seek out venture capital or private equity in exchange for a stake in
their company.
Private equity is money invested in companies that are not publicly traded on a stock
exchange. Instead, they normally seek equity stakes (that is partial ownership) in private
companies. Venture capital is a specialized subcategory of private equity. Both are high
What is Globalization?
What is Privatization?
of ownership from the government(public sector) to the private business sector either
partially or totally.
What is Liberalization?
The process of reducing or removing restrictions on international trade. This may include
multiple exchange rates, and removal of requirements for administrative permits for
imports or allocations.
What is Marketization?
Microfinance offers poor people access to basic financial services such as loans, savings,
money transfer services and micro insurance. People living in poverty, like everyone else,
need a diverse range of financial services to run their businesses, build assets, smooth
A market where securities are bought and sold. Its basic function is to enable public
investors.
What is Equity?
What is Stock?
The capital raised by a corporation through the issue of shares entitling holders to an
What is National Electronic Fund Transfer system (NEFT)? What is the difference
National Electronic Fund Transfer (NEFT) is an online system for transferring funds of
Indian financial institution (especially banks). This facility is used mainly to transfer
funds below Rs. 1,00,000. The Reserve Bank of India has instructed banks that they
The key difference between RTGS and NEFT is that while RTGS is on gross settlement
basis, NEFT is on net settlement basis. The minimum transaction value for RTGS is
What is DICGC?
Deposit Insurance is nothing but the protection of deposit amount invested in banks under
the Act of Deposit Insurance and Credit Guarantee Corporation (DICGC). If a bank fails
then a limited amount of protection is provided by the government to depositors. All
commercial banks, cooperative banks are covered under the Deposit Insurance in India.
What is IRDA?
To protect the interests of the policyholders, to regulate, promote and ensure orderly
growth of the insurance industry and for matters connected therewith or incidental
A balance of payments is a strategy used to analyze the relationship between money that
is flowing into a country and money that is going out of that same country. The BOP is
divided into three main categories: the current account, the capital account and the
financial account.
Global warming refers to an average increase in the Earth's temperature, which in turn
causes changes in climate. It happens when greenhouse gases (carbon dioxide, water
vapor, nitrous oxide, sulphur hexafluoride and methane) trap heat and light from the sun
Carbon Dioxide.
A debit card is a plastic card issued by banks to customers. The card allows instant
purchase, removing the correct balance from the user’s attached bank account.
A card issued by a financial company giving the holder an option to borrow funds,
methodology for poverty estimate that includes spends on education and health besides
food, taking the number of the poor to a whopping 37.2 per cent from 27.5 per cent
estimated earlier in 2004. This means that India now has 100 million more people living
National estimates of the percentage of the population falling below the poverty line are
based on surveys of sub-groups, with the results weighted by the number of people in
each group.
Definitions of poverty vary considerably among nations. For example, rich nations
generally employ more generous standards of poverty than poor nations. What does
poverty in India actually mean? It is difficult for those living in an industrialised country
In the West, even those living in poverty can live in well-constructed dwellings, with
heating, clean running water, indoor toilet facilities, access to health care, and even a
vehicle. But such luxuries are a distant dream for India's poor.
The earlier definition of India's poverty was based on calorie intake, according to which
only 27.5 per cent of people were living below the poverty line as on March 1, 2004 and
the number of BPL families were about 6.5 crore (65 million).
As per the methodology suggested by the Tendulkar report, the number would swell to
37.2 per cent of the total population and the number of BPL families to about 8.1 crore
(81 million). The new poverty estimate which would reflect the impact of high growth
recorded during the decade, would be available in 2011. The computation of the number
of BPL families at the this stage assumes significance in view of the government's
decision to enact the food security law under which 25 kg of foodgrain at Rs 3 per kg
The EGoM on food, which had cleared the draft of the Food Security Bill last month, was
reportedly asked by United Progressive Alliance chairperson Sonia Gandhi to have a re-
look at the proposal and consider the possibility of raising the highly subsidised monthly
Currently, a ration card holder is entitled to 35 kg of food grain every month. The Indian
government spends only 1 per cent of its gross domestic product on healthcare facilities.
The government has found that 100 million more Indians are actually living below the
poverty line than previously thought. Over 370 million Indians -- 40 per cent of the
According to the World Bank, more people are living in extreme poverty in developing
countries than previously thought as it adjusted the recognised yardstick for measuring
global poverty to $1.25 a day from $1.The poverty-fighting institution said there were 1.4
billion people -- a quarter of the developing world -- living in extreme poverty on less
than $1.25 a day in 2005. Last year, the World Bank said there were 1 billion people
India's official poverty measure has long been based solely upon the ability to purchase a
minimum recommended daily diet of 2,400 kilocalories (kcal) in rural areas where about
70 percent of people live, and 2,100 kcal in urban areas. Rural areas usually have higher
The National Planning Commission, which is responsible for the estimate, currently
estimates that a monthly income of about Rs 356 (about $7.74) per person is needed to
provide the required diet in rural areas and Rs 539 in urban areas. Factors such as
housing, healthcare and transportation are not taken into account in the poverty estimates.
The estimate is derived from the National Sample Survey, which measures monthly per
The below poverty line population is currently estimated at 29 per cent in rural areas and
26 per cent in urban areas. The World Bank estimates that 1.4 billion people live below
an income of $1.25 per day and that 2.6 billion live below the $2 level worldwide.
According to oneworld.net, despite sustained high gross domestic product growth in
India, latest estimates of global poverty by World Bank suggest that India has more
According to the Bank's new estimates, India is home to roughly one-third of all the poor
in the world.
Source: Rediff
Associates Clerical interview in 2009 and submitted her interview experience to this
blog.
Interviewer: why do u want to join the bank , as u have engineering background your
balvinder: I told them that i always wanted to come into banking field after doing mba
but due to some financial problems i could not make it. I have always admired my
paternal uncle who is in one of the psb employee at a very reputed designation....n as far
as my engineering background is concerned so i think i always stand one step ahead den
those who r plain graduate as i can handle each n every thing in a smarter way den a plain
Int: Don’t you think that you are overqualified for this post?
bal: Yes i m aware of his fact but to me becoming a part of this organisation will b an
honour for me moreover this is my dream bank n this post will act as a first step to get
Int: Don’t you get frustrated if a person with less knowledge and qualification will b your
boss/ senior?
bal: Absolutely not because if that person is a part of this organisation and holding a
respected designation then definitely he will b having some knowledge ...moreover i will
try to learn new things from that person n will try to move ahead in my professional life.
Int: r u mobile?
bal: yes i am .
bal: I will first ask his purpose for visiting the bank on that basis will deal with him.
Int: What will u do if he has to open an saving a/c n at that time when you are busy in
your work?
bal: I will keep aside my work as every customer comes with a purpose. I will attend
him , will fill up his form and will complete all the formalities as he can help us in
Int: As you have written in your bio-data form that you won soo many prizes in quiz
bal: i told him few channels like cnbc 18, cnbc awaaz, zee business, etc.
bal: It is a financial institution which facilitates to make deposits, provided loans for
Reverse repo Rates) and the portion of money banks deposit with it by 25 basis points
The below list shows the present and increased key rates:
Ratios
1. Bank Rate 6.00% Unchanged
2. Repo Rate 5.00% 5.25%
3. Reverse Repo Rate 3.50% 3.75%
4. Cash Reserve Ratio 5.75% 6.00%
5. Statutory Liquid Ratio 25.0% unchanged
Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the
Reserve Bank of India. If RBI decides to increase the percent of this, the available
amount with the banks comes down. RBI is using this method (increase of CRR rate), to
drain out the excessive money from the banks. The hike in CRR, which will come into
As a result of the increase in the CRR, about Rs 12,500 crore of excess liquidity will be
With the RBI deciding that banks now need to increase the amount of cash they have to
keep with the central bank (the cash reserves), the problem is that banks will not earn any
So banks will be left with little option but to hike interest rates to make up for that loss of
interest they would normally have earned had CRR been lower.
So Home loan, car loan and personal loans are likely to rise marginally that might burden
The RBI said that the Indian economy is firmly on the recovery path. Exports have been
performance of the industrial and services sectors on the back of rising domestic and
external demand, for policy purposes the baseline projection of real GDP growth for
2010-11 is placed at 8.0 per cent with an upside bias.(Inputs from: Rediff)
Assuring that the policy actions would not halt the recovery, the RBI pegged the FY'11
GDP growth at 8 per cent. It also pegged the wholesale inflation, which is currently
hovering close to the double-digits (9.9 per cent in March), at 5.5 per cent for FY' 11.
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• ▼ 2010 (78)
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April Current Affairs 2010
Punjab and Sind Bank PO Exam Pattern 2010
SBI Clerk Interview Experience II - 2010
○ ▼ April 2010 (18)
Quiz on General Knowledge 64 - 2010
Current Affairs March-III 2010
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Essay Writing in Bank Exams - 2010
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RBI Annual Policy Statement 2010-11
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Example of Precis Writing
Precis Writing in Bank exams
Bank PO Interview Experience II - 2010
Current Affairs Quiz 2010 - 63
March Current Affairs II - 2010
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Letter Writing in Bank Exams II - 2010
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Latest Current Affairs Quiz 2010 - 61
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General Knowledge Quiz 2010 - 60
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Quiz on Union Budget 2010-11 and Economic Survey 2...
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January Current Affairs 2010 Part -2
13th Finance Commission Report
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What is a Budget
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