Total Pageviews

Category 2

Featured Articles

Decoration

All Stories
Showing posts with label IBPS Clerk III. Show all posts
Showing posts with label IBPS Clerk III. Show all posts

Wednesday 1 January 2014

IBPS Clerk III Result Out



Dear candidates, IBPS has declared the result of IBPS CLERK III written exam. Please click below to view your result.

11:39 - By Unknown 0

Tuesday 10 December 2013

14 and 15/Dec/2013 IBPS Clerk III exam


Dear readers,

Here we are providing some of the important Banking questions which can be asked in upcoming IBPS Clerk III exam.
1.    What is Cheque?
Ans. Cheque is a negotiable instrument containing conditional order to pay sum of money to the person mentioned on it or to the bearer of the instrument.
2.    What is crossing?
Ans. Two parallel lines drawn on the top left corner of the cheque.

3.    What is account payee cheque?
Ans. Account payee cheques can be routed only through accounts.
4.     What is a post dated cheque?
Ans. The date on the cheque beyond today’s date then cheque becomes post dated.
5.    What is stale cheque?
. Cheque is valid for six months. If the date on the cheque is before 3 months, then the cheque becomes stale cheque.
6.    What is a mutilated cheque?
Ans. It is a damaged cheque.
7.    What is At Par cheque?
Ans. It is payable anywhere in India.
8.    What is Multi city cheque?
Ans. A cheque which is payable in any branch of a particular bank.
9.    What is Repo rate?
Ans. The rate at which RBI lends money to other banks.
10.  What is Reverse Repo rate?
Ans. The rate at which RBI pays interest to the banks.
11.  . Which bank is called as Central bank?
Ans. RBI is also called as Central bank.
12.  What is Internet banking?
Ans. Banking through internet.
13.   What is Inflation?
Ans. It is a state where money looses the value hence prices will go up (or) Decreasing the value of money.
14.   What is Deflation?
Ans. It is opposite to inflation. Money will have more value. Here the products looses the value.
15.  What is Debit cum ATM card?
Ans. The customer can deposit and withdraw cash by means of magnetic ATM card.
16.  What is ATM?
Ans. Automated Teller Machine.
17.  What is PLR and BPLR?
Ans. PLR - Prime Lending Rate.
BPLR - Basic Prime Lending Rate.

18.  What is Credit card?
Ans. Credit card is a plastic instrument that can be used for the purchase of goods and services. You can buy the services and then pay the cash to the bank. Limits will be fixed based on the net worth of the customer.
Leading credit cards: VISA, MASTER.
19.  What is an NRI a/c?
Ans. NRI stands for “Non Resident Indian”. An Indian who is residing in abroad can open an SB a/c in Indian banks. These accounts are called NRI a/cs.
20.  What is CRR and SLR?
Ans. CRR: Cash Reserve Ratio – It is the ratio of physical cash that every bank has to keep with RBI.
SLR: Statutory Liquidity Ratio – It is the ratio of liquid assets that every bank has to keep with RBI.
21.  What is RTGS and NEFT?
Ans. RTGS: Real Time Gross Settlement. Minimum limit - 2lakh. Max. limit - No limit

NEFT: National Electronic Fund Transfer.
These two are the two methods through which funds can be transferred from one bank to another bank.
No Minimum & Max. limit in NEFT.

22.  What is NPA?
Ans. NPA: Non Performing Asset: When a loan becomes bad then it becomes NPA.
23.  What is online banking?
Ans. Nothing but any where banking. A customer can operate his account from any branch of a particular bank.
24.  What is a currency chest?
i. To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish Currency Chests.
ii. These are actually storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank. As on June 30, 2006, there were 4428 Currency Chests and 4102 Small Coin Depots.
iii. The currency chest branches are expected to distribute banknotes and rupee coins to other bank branches in their area of operation.
25.  What are soiled, mutilated and imperfect banknotes?
(i) "soiled note:" means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.
(ii) Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.
(iii) Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.
26.  Why is One Rupee liability of the Government of India?
Ans: The Government of India derives authority to issue Rupee coins from the Coinage Act.  As such the rupee coins issued by Government constitute the liabilities of the Government.
27.  What is legal tender?
Ans: The coins issued under the authority of Section 6 of The Coinage Act, 1906, shall be legal tender in payment or on account i.e. provided that a coin has not been defaced and has not lost weight so as to be less than such weight as may be prescribed by RBI
28.  RBI Clean Note Policy: Reserve Bank of India has been continuously making efforts to make good quality banknotes available to the members of public
To help RBI and banking system, the members of public are requested to ensure the following:
1. Not to staple the banknotes
2. Not to write / put rubber stamp or any other mark on the banknotes
3. Store the banknotes safely to prevent any damage
29.  What is Unclaimed Deposit Account?
Ans: Those saving or current accounts which have not been operated upon for 10 years or more, as at the end of each calendar year. 
30.  What is Inoperative /Dormant Account?
Ans: A savings as well as current account should be treated as inoperative / dormant if there are no transactions in the account for over a period of two years.

The following services are not available for inactive / inoperative accounts:
(a)
Request for address change
(b) ATM/Debit card renewal or issue
(c) Request for cheque book
(d) Transactions through ATM/Debit card, Internet Banking and Phone banking
(e) Transactions through issue of Clearing Cheque (applicable only for accounts in "Inoperative" status)
05:12 - By Unknown 1

Thursday 21 November 2013

GK Power Capsule for IBPS Clerk III


Dear readers, the much awaited GK Power Capsule for IBPS Clerk III is finally ready. We thank you for your patience.

This GK Capsule has been specially designed for upcoming IBPS Clerk III Exam by the Career Power Institute Delhi. The document consists of all important news and events of last few months, which can come
in IBPS Clerk Exam



Please note the we are still working on Hindi Version of this GK Power Capsule and should be able to upload the same by tomorrow evening.

Disclaimer: We have tried our best to keep the content totally error free, however, there may be some errors, which might have crept in inadvertently. We request you to inform us if you come across any error in the document, so that, we can come out with errata. In any case, Bankers Adda or Career Power should not be held responsible for any losses arising out of any such error.

00:54 - By Unknown 0

back to top