Evening Shift exam on 8/Dec/2013

Dear readers, we are providing some of the General awareness question which was asked in evening shift exam.

1.    Magnus Carlsen belongs to – Norway

2.    Headquarter of ILO (International Labour Oranisation) – Switzerland

3.    Capital of Bahrain – Manama

4.    India & Japan signed an MoU for joint feasibility study if high speed railway system on which route – Mumbai – Ahmadabad route

5.    Chairman of National commission for women – Mamta Sharma

6.    Total budget for Bhartiya Mahila Bank – 1000 crore

7.    Jason Day is associated with – Golf

8.    International Day of Older person -1 Oct

9.    MSME stands for – Micro Small and Medium Enterprises

10.  Director of movie Barfi – Anurag Basu

11.  Amish Tripathi novel series – The secret of Nagas,

12.  Jamia Millia University located in – New Delhi

13.  Who is the Chief economic advisor to PM – Dr. C Rangarajan

14.  PNB partnership with which compay for Insurance – Metlife India

15.  First Private international Airport opened up – Kerala (Trivandrum International Airport)

16.  One question related to:

i. Pension Yojana

ii. Sebi

iii. ECB
iv. PIN

v. NPA

vi. Term deposit

17.  Full form of MICR – Magnetic Ink Character Recognition 

05:13 - By Unknown 0

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

Knowledge (IBPS Specialist Officer 2014)

Dear readers, we have received lot of queries regarding the syllabus and topics of professional knowledge part of IT Officer Exam which is going to be held in February 2014.

IBPS IT Officer consists of 200 Questions (Reasoning - 50, English - 50, Quantitative Aptitude - 50, IT Professional Knowledge - 50) and each question of IT Professional Knowledge is of 1.5 Marks (IT Professional Knowledge Mark = 50x1.5 = 75). We are providing the list of important topics which cover major portion of professional knowledge section. It will give you insight into the professional knowledge part so that you can prepare accordingly. .

Some of the major topics which come in professional knowledge section are given below (Although, approximately 60-70 % of  questions is dominated by the first two topics.) -

1. Data Base Management System (DBMS) – 15-20 Questions
1. RDBMS
2. Normalization
3. Overview of SQL queries
4. E- R Diagrams
5. Transaction Management

2. Data Communication & Networking – 10-15 Questions
1. Network Architecture
2. OSI Model
3. TCP-IP Model
4. Data Communication
5. IP Addressing (Subnetting)

3. Operating System – 4-5 Questions

1. Process
2. Thread
3. Types of OS
4. Semaphore
5. Scheduling
6. Dead Lock
7. Memory Partitioning
8. Page Replacement

4. Computer organization + Hardware (Microprocessor ) – 4-5 Questions
1. Bus Structure

5. Network Security – 2 – 3 Questions
1. Cyber Crimes
2. Risk Management
3. Firewall
4. Cryptography

6. Software Engineering – 2 – 3 Questions
1. Software Development life cycle (SDLC)
2. Software Development Models

7. Data Structures – 3 – 4 Questions
1. Array
2. Linked List
3. Stacks

8. Web Technologies – 1-2 Questions
1. HTML Tags
2. XML
3. Network Security

9. Programming Languages (BASIC)  – 1-2 Questions
1. C, C++
2. OOP (Objected oriented Programming)

05:12 - By Unknown 0

Role of Aadhar in Banking System

About AADHAR: The Unique Identification Authority of India (UIDAI) was established by Government of India with an objective to implement Multipurpose National Identity Card or Unique Identification Card (UID Card)in India.

This project is part of the Planning Commission and headed by Mr. Nandan Nilekani, a former co-chairman of Infosys Technologies. 

A budget of `3000 crores is allotted for implementation of the ambitious project with an objective to cover 60 crore residents by 2014

It is aimed to issue a unique identification number to all Indian residents with intent:

i. to eliminate duplicate/fake identities

ii. to put hassle-free, cost effective verification/authentication system in place thereby

iii. to save considerable resources of various User Departments as well as beneficiaries at large.

Basics of UID (AADHAR)

i. It will be a randomly generated twelve digit number for every resident of India. Example:2653 8564 4663.

ii. The number will be unique, which means, no two residents will have the same number.

iii. No resident can have two numbers because AADHAAR is based on a combination of standard information like name, address, age and biometric information which is unique to every person.

iv. AADHAR will be used to prove identity not citizenship.

v. It will not be compulsory to get an AADHAAR number

Benefits to the users:

1. The AADHAAR will become the single source of identity verification. Once residents enroll, they can use the number multiple times.

2. The large number of residents, who currently don’t have any identity documents and are therefore  ‘excluded’ from beneficiary lists, can also get an ‘identity’ through the' Introducer' system.

Role of AADHAAR in Banking System:

Aadhaar Enabled Payment System or AePS is an Indian payment system developed by National Payments Corporation of India. Its working is based on unique identification number for individuals called Aadhaar.

The system allows an Aadhaar-holder to carry out financial transaction on a micro-ATM provided by the banking correspondent. It is an initiative towards providing improved social security benefits and financial inclusion of the under-privileged people.

AADHAAR Project - Role of Banks: Public Sector Banks already started entering MOU with UIDAI to act as Registrars for AADHAAR project. Banks are likely to play beyond the role of enrolling agents.

1. KYC compliance: Today, the major constraints faced by the banks while opening of accounts is the absence of valid identity and address proof of the prospective customers and it is causing inconvenience to the public and operational problems to the banks thereby unable to achieve the desired financial inclusion.

Once the project comes to live, AADHAAR number may be treated as substitute for KYC compliance which enables the banks to open accounts with a greater speed and accuracy besides saving of considerable resources.  

2. Micro ATMs: As a step towards financial inclusion, RBI has allowed banks to engage intermediaries i.e. Business Correspondents (BC) to carry out specified financial transactions through Public Call Office operators, Kirana Stores, Medical Shop owners and Fair Price Shop dealers etc.

The intermediaries would be provided mobile phone and fingerprint reader and would act as a Micro ATM where a person could go to any BC across the country to withdraw/deposit money.

AADHAAR could emerge as a payment card linked to a savings account and function as a pre-paid / smart card where the government credits the amount to the accounts directly.

On implementation of the project, banks would have immediate access to many more potential customers at the bottom of the pyramid through Branchless Banking; however, this requires substantial investment in technology.

What are Micro ATMS?  Micro-ATMs are biometric authentication enabled hand-held device (also known as a Point of Transaction [PoT] terminal) .

Micro-ATMs will primarily perform following functions:

1. Cash withdrawal

2. Cash deposit

3. Balance enquiry

4. Remittances

Note: i. These devices will be operated by the Business Correspondents (BCs) appointed by the banks.

ii. The physical currency would be handled by this BC and not a machine like a regular ATM.

iii. All transactions will require online biometric authentication with the UIDAI authentication server in order to be processed.

3. Mobile Banking: The Aadhaar project enables the mobile industry to create a Low-Cost High-Volume ubiquitous transaction platform to penetrate into remote rural areas of the country.

Under this every transaction point will have a mobile phone and a fingerprint reader. The resident having Aadhaar number simply walk in to any point and complete his financial transaction with ease since the service provider gets the authentication from UID online.

Advantages:

1. Brings down the costs of cash management for  banks.

2. Supports physical cash transactions at the local  level.

3. Substantially reduces the risk to the bank, since  the cash transacted at the local level is already paid-up by the BC (Business Correspondents).

Once this model is stabilized, the distribution of financial products and services can be opened up to whoever is willing to invest in a mobile phone and a fingerprint reader. Millions of financial correspondents could be enrolled. The AADHAAR platform enables the banks to provide Virtual Banking.

05:11 - By Unknown 0

Upcoming SSC Exam Dates / Time Table / Schedule 2014

Friends, IBPS Bank (PO and Clerical) Exams are almost over. Now its time to focus on the SSC. The Staff Selection Commission (SSC) has already released the tentative schedule for the examinations to be held during the year 2014. Here is the simplified version of that time table from January 2014 to December 2014. You can download the pdf version of the ssc time table 2014 from below link. All the Best.

Note : This is tentative schedule only. Chances are there for the changes in dates.

Tentative Schedule for SSC 2014 Examinations List 

Name of Examination	Date of the Advertisement	Last Date for the application	Date of the Examination
Multi Tasking  (Non-Technical) Staff Exam-2014	9th November 2013	6th December 2013	16th February 2014 (Sunday) & 23rd February 2014 (Sunday)
Combined Graduate Level (Tier-I) Exam-2014	18th January 2014	14th February 2014	27th April 2014 (Sunday) & 4th May 2014 (Sunday)
Junior Engineer (Civil & Electrical) Exam-2014	22nd February 2014	21st March 2014	25th May 2014 (Sunday)
Recruitment of SI in CAPFs, ASI in CISF and SI in Delhi Police Exam-2014	15th March 2014	11th April 2014	22nd June 2014  (Sunday)(Paper-I) 21st September 2014 (Sunday) Paper-II)
Junior Hindi Translator in Subordinate Offices Exam-2014	22nd March 2014	18th April 2014	8th June 2014 (Sunday)
Combined Graduate Level (Tier-II) Exam-2014	Not Applicable	Not Applicable	30th August 2014 (Saturday) (AN) & 31st August 2014  (Sunday)
Stenographer Grade C&D Exam 2014	24th May 2014	20th June 2014	14th September 2014 (Sunday)
Combined Higher Secondary (10+2) Level Exam/ 2014	19th July 2014	15th August 2014	2nd November 2014 (Sunday) & 9th November 2014  (Sunday)
Junior Translator (CSOLS) /Jr/Hindi Translators Exam-2014	9th August 2014	5th September 2014	7th December 2014 (Sunday)

SSC Departmental Examination Dates 2014 :

Name of Examination	Date of the Advertisement	Last Date for the application	Date of the Examination
Clerks' Grade (for Multi Tasking Staff only) Exam-2014	11th January 2014	7th February 2014	23rd March 2014 (Sunday)
Grade ;C" Steno. Ltd. Depttl. Comp. Exam-2014	8th March 2014	4th April 2014	11th May 2014 (Sunday)
Upper Div. Clerk Ltd. Depttl. Comp. Exam-2014	13th September 2014	10th October 2014	21st December 2014  (Sunday)

Download the pdf version of SSC Exam Calender for 2014 from here

05:09 - By Unknown 0

Download your NICL Admit Cards / Hall Tickets for the Re-Exam Now

Friends, the National Insurance Company Ltd (NICL) has enabled the Call Letters / Admit Cards / Hall Ticket download link for the recruitment of Administrative Officers (Scale I) / Class I Officers Re-Exam which is going to be held on 15-12-2013. Those people who are having the exam on 15th December 2013 can download their admit cards from the below link. You have to click on the "click here to login" button and should enter your registration number and date of birth to download your admit card. All the Best.

Download your NICL Re-Exam Admit Cards for the exam on 15th December 2013 from here

Update : You can check your NICL AO Re-exam dates from here

Thanks to Ravi Tomar, Sergio Ramosh  and Bairavi Pothiraja for the update

05:09 - By Unknown 0

SBI Special Recruitment Drive 2014 for SC / ST / OBC

Friends, the State Bank of India (SBI) is inviting online applications from eligible Indian Citizens belonging to SC / ST / OBC category for filling up the posts of Management Executives (Middle Management Grade Scale-II (Mmgs II) )  in State Bank of Hyderabad. Posting will be anywhere in India. You can apply online from 16th December 2013 to 3rd January 2014. Check remaining details below.

Name of the post : Management Executives 

Detailed list of vacancies :

 

SC	ST	OBC	Total	PWD (OH)
14	7	25	46	1

Important Dates :

• Online Registration : 16th December 2013
• Payment of Fee-Online : 16th December to 3rd January 2013
• Payment of Fee-Offline : 18th December to 7th January 2013
• Date of Recruitment Exam : 23rd January 2014

Eligibility Criteria :

• Education : 
• Post Graduate Degree/ Diploma in Business Administration, Business Management, Finance, Marketing, International Business, Operations Management, Systems, HR (Thecourse studied should be of minimum two years full time course. Part time course/distance learning courses are not eligible). OR
• M.Com OR
• M.A. / M.Sc. (in Economics or Statistics) OR
• CA /CWA/CFA/CS (Company Secretary)
• Percentage of Marks : 
• Candidates with professional qualification (CA/CWA/CFA/CS) should have secured 55% minimum aggregate marks in XIIth Standard.
• Candidates without any professional qualification (i to iii mentioned under 'A' above) should have secured :
• 55% minimum aggregate marks in XIIth Standard AND
• 50% minimum aggregate marks in Graduation irrespective of pass course or honours course AND
• 50% aggregate marks in Post Graduation
• Age (as on 1st December 2013) : 
• Minimum : 21 Years
• Maximum :
• 35 years for SC / ST
• 33 years for OBC (Non Creamy Layer)
• PWD -
• SC / ST - 45 years
• OBC - 43 years
• Ex Servicemen - 35 years

Application Fee :

• for SC / ST / PWD -  Rs. 100/-
• for OBC -  Rs. 500/-

Check detailed notification of SBI Special Recruitment Drive 2014 (English Version)  from here

Check detailed notification of SBI Special Recruitment Drive 2014 (Hindi Version)  from here

Note : The online application link will be activated from 16th December 2013 

05:07 - By Unknown 0