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Thursday 19 June 2014

Essay : Role of Technology In Banking Sector

Dear, readers, here we are posting Essay, which can be helpful in your preparation and also you can get idea how to write Essay in Descriptive paper in SBI PO Exam.


Role of Technology In Banking Sector

 Technology has been a boon to many industries and especially to the banking industry. With the help of technology banks are able to reach out to more customers and provide better services to them. Also, it helps them function in an organized and in a secure way. 


 As for us (the customers) we have ATMs, Cash deposit machines, online banking, mobile banking etc which are all fruits of technological advances which have made our banking experience much easier.
The following points prove the importance of technology in banking industry:
1. Mobile banking: Telephone or Mobile banking is a service provided by a banks and financial institution where customer performs their transaction, over the telephone. This technology facilitates to call the bank and give order to a bank computer for carrying out of operation under your account.
2. Automated Teller Machine: An automated teller machine is a computerized device that provides access for financial transaction in a public place. The customer can have access to his bank account to make cash withdrawals and check balances. Apart from these functions ATM facilitates to transfer money from one account to another and can request for a cheque book.
3. Debit cards: A Debit card is a plastic card with a magnetic strip that can be used by a consumer as a means of payment. Unlike a credit card, there is no line of credit; the debit card is linked to the account.
Funds charged to a debit card are directly deducted from the bank account it is associated with. It is card that provides an alternative payment method to cash for making purchases. It can also be called as electronic cheque.
4. Internet Banking: Internet banking means conducting financial transaction through a website. In Internet banking consumers have an access to their account through a server. It provides various services like online trading, online bill payment, shop online etc.
Conclusion: Emerging technologies have changed the banking industry from paper and branch based banks to ”digitized and networked banking services. Therefore we can conclude that "Technology has played a big role in reducing fraud in banks which protects its clients".





04:45 - By Unknown 0

Friday 13 June 2014

Last Minute Tips for SBI PO 2014 : Part II

SBI PO 2014 exam is starting from tomorrow and the time has come when you will face the exam for which you have worked hard day and night for last so many months. One of our ardent reader Priya shares with us last minute tips for the prestigious SBI PO exam starting from tomorrow. Read on...


Hi, I am Priya, ardent commentators of BankersAdda know me as Priya_Princess. These were few tips that helped me to become Canara Bank PO and escape stupid marriage proposals.  I gave them in a comical way to help you relax from exam tension. Hope you like them.
  • Pray and start – No one has the problems which you have. Say all those problems to God, wail like a little child or take a paper and write your list of problems in it. Doing this will clear your mind from any thoughts.  After that start practicing.
  • Never look for last year cutoffs  –  SBI PO 2013 cutoff was 128. The previous exam had 87 as cutoff. The one who relied on that cutoff and attempted only 90 questions failed miserably.  The only good thing that happened for me while searching for last year’s cutoff was finding a great blog called BANKERS ADDA.
  • Follow one way  - Before visiting BA, all I know about capsules is that they are medicines. But they are the best medicines to cure the fear of GA section. I have seen many readers ask whether this capsule is enough or not. My advice is to follow only one way/technique/method. If you read 2 or more books for the same topic, you get confused and this is where boredom creeps in. BA’s GK capsule is more than enough. Even if you get a question out of that, the world will not end.
  • Play defense – Sachin Tendulkar is the greatest player who hit many centuries and posed many questions in GA section. But, did he play every ball he faced? No, in fact no batsman ever did that, not even in gully cricket. So, you can also leave some questions. There’s no problem in that. But don’t leave too many questions because there’s certainly problem in that. 
  • Your pen is a magic wand – All of us have this habit. Before an exam, we buy a new pen and put it near God. Don’t do that for competitive exams. Take the pen with which you practiced. An ice skater never buys new skates ahead of a competition. They take the skates in which they practiced. You won’t believe this. Try writing a paragraph for 100 times continuously. In the 101st time, if you are stuck at any word, your pen automatically writes that word because that’s the practice you’ve given for your pen. Of course, it wouldn’t write the next word on its own. 
  • Count your breaths – Keep calm, stay composed, have fun is something everyone will say to ease tension.  But no will say how. How will you keep calm if your neighbor’s son says, “Bye mummy, papa. I am going to the office.”? And your father looks at you asking, “When will you say that to me?”? How will you stay composed if your so called Sheela aunty flaunts a new sari every other weekend before your mom and says, “My son got his first salary and bought this sari for me.”? How are you going to have fun when you have your exam on 14th morning while all your friends have it on 28th or even 5th July? By counting your breaths. Each time you inhale and exhale, count them. In that way, your focus shifts towards counting rather than the nonsense around you.
  • Don’t love the topics – In my coaching centre, everyone failed at seating arrangement. But, I used to solve them in the matter of seconds. Everyone used to say, “Offo! The expert is here.” So, I fell in love with seating arrangement. I used to attempt it first in reasoning. No wonder, it’s called love at FIRST sight. But, it broke my heart in SBI PO, SBI Associates PO and IBPS PO. Even a bucket of Baskin and Robbins couldn’t help with my heartbreak. Sad, but true.
  • Less ‘Marked for review’ and more ‘Answered’ – Don’t play with the review option, it will be converted into answer if you don’t review it at the end.
  • Make a fool of yourself – Remember that fat guy from Hangover movie. He talks within himself at the casino doing calculations mentally. Do exactly that in the exam and consume less paper. 
  • Don’t get frustrated during the exam – Go with least expectations. Don’t keep targets like attempting 150 questions or so. You have nothing to gain or nothing to lose.

Wish you all the best. I have been through the phase you all are going through, so, I can understand how it feels one day before the exam (those goosebumps in the stomach... the fear of uncertainty). But, I am sure, you will also sail through like me. Do share your exam experience here will all other candidates, it will help you relieve after exam tension. All the best!



08:33 - By Unknown 0

Thursday 12 June 2014

GK + Computer + Marketing Questions for SBI PO Exam


Dear readers, here we are providing GK + Computer + Marketing questions which is important for upcoming SBI PO exam. 

1.    Which among the following is true related to Revenue Deficit?
(1) It is the difference between total revenue and total expenditure of the government 
(2) It is the difference between total expenditure and total revenue of the government 
(3) It is the difference between total revenue collected and total revenue expenditure
(4)  It is the difference between the government’s expenditure and its gross revenue, that is not inclusive of interest payments on debts.

(5) None of the above


2.    Which of the following statement on debit cards and credit cards services is/are correct?
(A) Debit card is secured product while credit card is an unsecured product
(B) Banks charge Merchant Discount Rate (MDR) from the customer for debit
(C) A higher Merchant Discount Rate (MDR) will discourage merchants from accepting payment by debit cards
(1) Only A                         (2) Only A & B
(3) Only B & C                  (4) Only A & C
(5) None of these
3.    Who among the following is the Chairman of Financial Planning Standards Board of India (FPSB)?
(1) VK Menon                   (2) Sk Oberoi
(3)  BN Srikrishna              (4) RK Singh
(5) None of these
4.    Recently “Ship of Theseus' named the best film in National Film Awards. Who among the following is the director of the film?
(1) Saurabh Shukla                                               (2) Anand Gandhi
(3)  Aida El-Kashef                                               (4)  Hansal Mehta
(5) None of the above
5.    Recently Book “Crusader or Conspirator? Coalgate and other Truths” is in news. Who among the following is the author of the book?
(1) Sanjay Baru                                         (2) Rajiv Pillai
(4) PC Parekh                                           (4) Yashwant Sinha
(5) Pullock Chatterjee
6.    The European Commission announced 11 billion Euro packages of loans and grants to which among the following countries?
(1) Spain                           (2) Syria
(3) Ukraine                        (4) Egypt
(5) None of these
7.    According to RBI Guidelines, what fractions of the branches are mandatory to opened in rural areas by newly licensed banks?
(1) 15                                                         (2) 25
(3) 35                                                         (4) 45
(5) None of these
8.    Examine the following with respect to Exchange Earner’s Foreign Currency Account (EEFC):
(A) It is a facility provided to the foreign exchange earner (individual or company)
(B) The account holders are entitled to get only 50 percent of their foreign exchange earnings  credited to the account
(C) It can be held only in the form of a current with no interest payable ion it
Which of the above statements is/are correct?
(1) All the above                            (2) Only A
(3) Only B                                     (4) Only A & C
(5) Only B & C
9.    What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?
1) Lien                              2) Assignment
3) Mortgage                     4) Hypothecation
5) Pledge 
                
10.  The Pulitzer Price for Fiction -2014 has been awarded to Donna Tratt, for her novel ___?
(1) The Son                                   (2) The Woman Who Lost Her Soul
(3) The Gold Finch                        (4) The Secret History
(5) None of these
11.  The Reserve Bank of India (RBI) has announced to release the REER based on the Consumer Price Index (CPI) only from the financial year that began on 1 Apr. Expand the term REER.
1) Real External Exchange Rate 
2) Real Established Exchange Rate
3) Real Effective Exchange Rate           
4) Real Effective Exchange Ratio
5) None of the above
     
12.  Many Times we read in the newspaper that: “There is a lot of dollar demand due to import of oil, gold and defence equipment. The Euro is also volatile due to persisting concern in the Eurozone: Which among the following is the correct conclusion derived from the above information:
(1) These factors will keep the rupee weak against the dollar
(2) These factors will keep the dollar weak against the rupee
(3) These factors will reduce the supply of euro
(4) The RBI would print more money
(5) None of these
13.  If RBI wants to limit the capital outflows and control currency depreciation, which of the following would be the most viable action?
(1) Increase interest rates            
(2) Decrease interest rates
(3) Purchase government bonds   
(4) Decrease statutory liquidity ratio
(5) None of these
14.  As per newspaper reports, India's trade gap has been showing a negative growth for the last few months. "Trade Gap" means what?
1) Gap between total GDP and total consumption
2) Gap between total imports and total exports
3) Gap between available liquidity and expected demand in next five months
4) Gap between budgeted revenue collection and actual collection of the same
5) None of these
15.  What is understood by Fiduciary Issue of currency? 
(1) The issue of currency notes without keeping gold or silver as deposit
(2) The issue of currency notes keeping gold or silver as deposit
(3) The issue of currency notes with partial gold or silver deposits
(4) The issue of currency notes with comparative gold or silver deposits
(5) None of these

16.  Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point?
(1) Ten % of one hundredth point   
(2) One hundredth of 1%
(3) One tenth of 1%                      
(4) Ten % of 100
(5) None of the above
17.  Once a budget has been presented in the parliament, the government has to get all money bills related to the union budget passed within ____?
(1) 30 days                        (2) 60 days
(3) 75 days                        (4) 90 days
(5) None of these
18.  In the context of the computer system, what is the term used for the process when more power hungry components such as monitor and hard device, are put in idle state?
(1) Standby                      
(2) Power down   
(3) Hibernation                 
(4) Hang               
(5) None of these
19.  Which type of memory are the hard drives that are used in computer systems?
(1) Volatile                        
(2) Non-Volatile    
(3) Non-Permanent                      
(4) Temporary
(5)  None of these
20.  Name the portion of the CPU that coordinates of Software and hardware that facilitates the sharing of information between computing devices?
(1) Peripheral       
(2) Expansion board        
(3) Network
(4) Device Manager         
(5) None of these
21.  Which of the following statements is true?
(1) Accessing data from RAM is slower than accessing data from Virtual memory
(2) While using Virtual memory, the operating system builds a file called the RAM file
(3) When a computer is memory-bound, adding more RAM will not solve the problem
(4) Virtual memory is the space on the hard drive where the operating system begins to store data when it becomes memory bound
(5) None of these
22.  Which of the following terms is not associated with spreadsheet software?
(1) Worksheet      
(2) Cell                 
(3) Virus Detection
(4) Formula          
(5) All the above are associated with spreadsheet software
23.  What is the term used for the flaw that appears in a proggrame and causes it to produce incorrect or inappropriate results?
(1) BUG               
(2) Attribute          
(3) Unit Problem
(4) Module            
(5) None of these
24.  The set of key boards, symbols and a system of rules for constructing statements through which humans can communicate the instructions to be executed by a computer is called a(n):
(1) syntax             
(2) an assembler  
(3) a programming language
(4) a computer programme
(5) None of these
25.  The process of restarting a computer that is already turned on ‘via the operating system’ refers to which of the following?
(1) Cold boot        
(2) Warm boot
(3) Shutdown       
(4) Log off
(5) None of these
26.  What is the expanded form of PCB as used in computer terminology?
(1) Prime Circuit Board
(2) Primary Connection Board
(3) Prime Crime Bus
(4) Printed Circuit Board
(5) None of these
27.  Which of the following is an example of expansion board?
(1) LAN Cards      
(2) Adapters
(3) Network Interface Card
(4) All the above
(5) None of these
28.  Which of the following stores data or information temporarily and passes it on as directed by the control unit?
(1) Virtual memory                       
(2) Register
(3) RAM                           
(4)Auxiliary Memory
(5) None of these
29.  In case you plan to promote a customer, who amongst the following is a customer as defined by a bank?
(1) A person who is regularly getting bank drafts issued
(2) A person regularly maintaining a loan/ deposit account
(3) A person regularly visiting a bank branch
(4) A person regularly getting bank drafts en cashed
(5) None of these
30.  What is the meaning of MIS for an economic organization like a bank?
(1) Management of Information of Sales
(2) Middle Income Scheme
(3) Marketing Information System
(4) Management Information System
(5) None of these
31.  All of the following factors can affect the attractiveness of a market segment EXCEPT?
(1) the presence of many strong and aggressive competitors
(2) the likelihood of government monitoring
(3) actual or potential substitute products
(4) the power of buyers in the segment
(5) None of these
32.  In terms of marketing, attitude can be best defined as which of the following?
(1) Ego of marketing executive
(2) Rude behavior of consumer
(3) Rude behavior of salesperson
(4) Mental state of consumer
(5) None of these
33.  Encryption and decryption are the functions of which of the following layers?
(1) Presentation Layer
(2) Transport Layer
(3) Session Layer
(4) All the above
(5) None of these
34.  Which of the following types of table constraints will prevent the entry of duplicate rows?
(1) Primary Key
(2) Unique Key
(3) Null Key
(4) Foreign Key
(5) None of these
35.  What is the term used for sharing of a medium and its path by two or more devices?
(1) Modulation                  
(2) Multiplexing
(3) Encrypting                  
(4) Line Discipline
(5) None of these
36.  ACE is a firm which provides door to door delivery for Godrej and Videocon products. This firm is an example of:
(1) First Party delivery     
(2) third party delivery
(3) multi channel delivery
(4) diversified marketing
(5) None of these
37.  What is the term used for a person who ultimately determines any part or whole of the buying decision?
(1) Buyer              
(2) Influencer       
(3) Decider
(4) User                
(5) None of these
38.  Which of the following is correct with respect to Application Software?
(1) it is used to control operating software
(2) it is used to help programmers
(3) It performs specific tasks for the computer users
(4) All the above
(5) None of these
39.  What do we call the HTML codes written in a text editor to make web pages?
(1) Source code                (2) HTML tags
(3) Source elements         (4) Roots
(5) None of these
40.  Which of the following is not a DBMS software?
(1) dBASE                        
(2) SyBASE
(3) FOXPRO                                
(4) ORACLE
(5) Database 2000


21:43 - By Unknown 0

SBI PO 2014 Descriptive Type

06:00 - By Unknown 0

Friday 6 June 2014

How Can I Succeed


Once a person asked Socrates, an ancient Greek philosopher, what is the the secret of Success. Socrates thought for a moment and then told the young man to meet him near the river the next morning.

The met next morning. Socrates told the young man to walk with him inside the river.

When the water got up to their necks, Socrates took the young man by surprise and ducked him into the water. The man struggled to get out but Socrates was strong and kept him under water until he started turning blue.

The young man struggled hard and finally managed to get up. The first thing he did was to gasp and take a deep breath.

Socrates asked, “What did you want the most when you were under the water?”

The man replied “Air”.

Socrates said: “That’s the most secret to success. When you want success as badly as you want air, you will get it. There is no other secret”.

Moral of the story:

A burning desire is the starting point of all accomplishments. Just like a small fire cannot give much heat, a weak desire cannot produce great results.

So friends, exams are approaching fast and you should be devoted to your preparation with complete focus on exams. Success will surely come to you. All the best!


20:16 - By Unknown 0

Friday 30 May 2014

Best Books for Competitive Examinations

00:12 - By Unknown 1

Thursday 29 May 2014

કોચીંગ સેન્ટરની વાસ્તવિકતા

coaching centre
Facts of Coaching centres

મિત્રો, ગુજરાત રાજ્યમાં સરકારી નોકરીઓ માટે સ્પર્ધાત્મક પરીક્ષાઓનો રાફડો ફાટ્યો છે ત્યારે શિક્ષણની આ ‘બજાર’માં કોચીંગ સેન્ટરો, મેગેઝીનો, પ્રકાશનો, બ્લોગ અને વેબસાઇટ્સનો પણ રાફડો ફાટ્યો છે. ઇન્ટરનેટની આ ત્રીજી પેઢીમાં બ્લોગ બનાવવા આસાન અને ‘મફત’ છે ત્યારે ફક્ત સ્પર્ધાત્મક પરીક્ષાઓને લગતા જ અસંખ્ય બ્લોગ્સ ગુજરાતમાં જોવા મળે છે. જો કે બ્લોગ જેટલા બનાવવા આસાન છે તેને મેઇન્ટેઇન કરવા તેટલા જ અઘરા છે. ફક્ત ‘શૈક્ષણિક બ્લોગ’ શબ્દ લખી દેવાથી કોઇ વેબસાઇટ /બ્લોગ શૈક્ષણિક થઇ જતો નથી.


--પણ આપણે અહી કોચીંગ સેન્ટરની વાત કરવી છે. જે વિદ્યાર્થીઓએ સ્પર્ધાત્મક પરીક્ષાઓ આપી છે અથવા તો જેઓ જૂના છે તે બધા જ વિદ્યાર્થીઓ કોચીંગ સેન્ટરની વાસ્તવિકતાઓથી પરિચિત છે જ પણ જે વિદ્યાર્થી મિત્રો આ ક્ષેત્રમાં નવા છે તેઓ કોચીંગ સેન્ટરની ‘ભ્રામક’ જાહેરાતોથી અંજાઇ જાય છે અને તેમાં જોડાય જાય છે. સમાચારપત્રો જોઇએ તો રોજ અસંખ્ય કોચીંગ સેન્ટરની જાહેરાતો જોવા મળે છે જેના પર આકર્ષક મથાળાઓ બાંધેલા હોય છે અને વિદ્યાર્થીઓને પોતાની ‘જાળ’માં ફસાવીને આ ધીકતો ‘ધંધો’ કરવામાં આવે છે.

દરરોજ પોતાની જાહેરાત સમાચારપત્રોમાં આપતું અને રાજકોટ, અમદાવાદ સહિત ગુજરાતના અમુક શહેરોમાં પોતાનું કોચીંગ ચલાવતી એક સંસ્થાની જાહેરાતોનું સંકલન કરીએ તો એક દળદાર પુસ્તિકા બને તેવા એક કોચીંગ સેન્ટરમાં એક વિદ્યાર્થી જીપીએસસીની વર્ગ 1-2 પરીક્ષાના કોચીંગ માટે જોડાયા. શરૂઆતમાં અનેરો ઉત્સાહ હતો અને એમ હતું કે આ પ્રસિદ્ધ કોચીંગ સેન્ટરમાં 150-200 વિદ્યાર્થીઓ અભ્યાસ કરતા હશે અને મને પણ એક સ્પર્ધાત્મક વાતાવરણ મળી રહેશે... –પણ જોડાયા બાદ ખ્યાલ આવ્યો કે જાહેરાતો પાછળ હજારો રૂપીયાનો ખર્ચ કરતા એ કોચીંગ સેન્ટરમાં ફક્ત 9(નવ) જ.... ફરી એકવાર ફક્ત ‘નવ’ જ વિદ્યાર્થીઓને જોઇ તે વિદ્યાર્થી હતાશ થઇ ગયા... ! તેમ છતાં પણ પોઝીટીવ એટીટ્યુડ એપ્લાય કરી તે વિદ્યાર્થીએ વિચાર્યુ કે સંખ્યાથી શું ફર્ક પડે? મારે તો ભણવું જ છે. પણ જેમ જેમ દિવસો વિતતા ગયા તેમ તેમ વાસ્તવિકતા સામે આવતી ગઇ કે 8 દિવસ સુધી ત્યા ફક્ત અંગ્રેજીના ‘આર્ટીકલ’ વિશે જ ભણાવવામાં આવ્યુ !!!
કોઇપણ સ્પર્ધાત્મક પરીક્ષા લગભગ ધોરણ 12 અથવા તો સ્નાતક સ્તર પર યોજવામાં આવતી હોય છે. ઉપરોક્ત કિસ્સામાં જીપીએસસી વર્ગ 1/2ની પરીક્ષાની વાત છે જે સ્નાતક સ્તર પર હોય છે. આવી પરીક્ષા માટે 8-8 દિવસ સુધી જો અંગ્રેજી વ્યાકરણના આર્ટીકલ વિશે જ માહિતી આપવામાં આવે તો તે વાત ગળે ઉતરે તેવી નથી કારણ કે આર્ટીકલ વિશેની મુળભુત માહિતી અતિશય ધીમી ગતિએ આપવામાં આવે તો પણ 1-2 કલાકથી વધુ સમય ન જ લાગે. પણ આ પ્રકારના કોચીંગ સેન્ટર કોર્સ ફી લઇ પરીક્ષા સુધી કોચીંગ આપવાના વાયદા કરી બેઠા હોય છે તેથી તેઓને ફક્ત સમય જ પસાર કરવાનો હોય છે સારા શબ્દોમાં કહીએ તો ‘વિદ્યાર્થીના ભવિષ્ય સાથે ટાઇમપાસ જ કરવાનો હોય છે’ ! 
મિત્રો ઉપરના કિસ્સામાં જણાવ્યું તે ફક્ત એક જ કોચીંગની વાત નથી, તેના જેવા અસંખ્ય કોચીંગ સેન્ટર ગુજરાત ભરમાં પોતાનો ‘વિકાસ’કરી રહ્યાં છે. વિદ્યાર્થીઓએ આ કિસ્સા પરથી વાત સમજી લેવી જોઇએ અને પોતાની રીતે જ મહેનત ચાલુ કરી દેવી જોઇએ જેથી તેઓની મહેનત પર બીજા કોઇની મહોર લાગી ન જાય...
આપ સૌના ઉજ્જવળ ભવિષ્ય માટે શુભકામનાઓ...
--R. I. Jadeja
04:45 - By Unknown 0

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