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

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

Brief Analysis of Topics Covered in GK Section in SBI PO 2014 Exam

Dear readers, here we are presenting you a brief analysis of topics which can be covered in General Awareness section in SBI PO 2014 exam.

General Awareness is the easiest and scoring section in SBI PO Exam. In GK sections questions are asked from Economy, Banking, Finance news and also questions asked from current events.

The candidates should keep an eye on latest happenings and read a daily newspaper to keep them updated with latest news. It is one of the scoring sections in SBI PO exam.  One should thoroughly learn and revise policies, programs, latest updating in economy to score well in exam.

Topics Covered in SBI PO General Awareness section

Ø  Economy + Banking + Finance

1. Theory: (Gdp +Inflation + Tax + Capital Market + Finance + Planning commission,)

2. RBI related news: (Monetary Policy etc. Cheque, Draft, Basel etc)

3. Govt. related (Budget, policies, Schemes, Committees)

4. World Economy - International

Ø  Misc: Gk – National + International

1. New Appointment - (India & World)

2. Awards & Honours

3. Sports (Cricket, Football, Hockey, Badminton, Tennis etc)

4. Books & Authors

5. Defence & Technology

Distribution of number of questions Topic wise (Economy + Misc Gk)

Topics	No. of questions can be asked
Inflation	1
Tax	1
Budget	2
Capital Market	2
Growth Rate	1
Basel	1
Govt. Schemes	2
Imp. Committees	1
Monetary Policy	2
Financial + Banking news	4
International news	2
New Appointments	1
Books & Authors	1
Person in News/Obituary	1
Awards	1
Summit	1
Sports	1
Science & Technology	1

Ø  Computer (Internet, MS- Office, Excel, Operating System, Hardware etc)

Ø  Marketing:

1. Banking policy

2. Basic concept (7Ps of Marketing).

3. Product life cycle

4. Developing stage of organization

5. Segmentation, positioning and targeting.

Distribution of number of questions in SBI PO Previous year Exam

Topics	Number of questions Asked in SBI PO 2010 Exam	Number of questions Asked in SBI PO Associate 2011 Exam
Economy	16	13
Misc: Gk	9	13
Computer	14	12
Marketing	11	12
	Total = 50	Total = 50

As we can see, out of total 50 questions, more than 30 are coming from Economy, Computer & Marketing only.  And in 2010 and 2011′s exams, the sectional cutoff for General Awareness was at max 11 marks.

In 2013 sectional cutoff for General Awareness was 14 marks for General and 10 marks for SC/ST/OBC category. 

Note: Keep checking BankersAdda.com for Banking Awareness and Current Affairs. Also we will post Quiz on Computer and Marketing Awareness.

 We will also publish Gk Capsule For SBI PO exam 15 or 20 days before the exam, which will contain past 5 months Current Affairs and Banking, this will really help in your Gk section. So keep visiting bankersadda. 

All The Best

06:12 - By Unknown 0