SBI PO Banking Awareness Practice

Howdy Guys ! How is Your preparation. Now another Stuff for you .Banking Awareness Questions set for practice purpose . Now  take few minutes and Practice it . All the Best
1. The working and operations of NBFCs are regulated by
(A) SBI
(B) RBI
(C) Finance Ministry
(D) All the above
(E) None of these
ANS. (B)

2. The UTI was established in
(A) 1956
(B) 1964
(C) 1972
(D) 1976
(E) None of these
ANS. (B)

3. Which of the following is not correct about the acceptance of deposits by the NBFCs?
(A) They are allowed to accept public deposits for a minimum period of 12months and maximum period of 60months
(B) They cannot accept deposits repayable on demand
(C) They should have minimum investment grade credit rating
(D) Their deposits are not insured
(E) The repayment of deposits by NBFCs is guaranteed by RBI
ANS. (E)
 
4. Any financial intermediary whose principal business is that of buying and selling is called
(A) Equipment leasing company
(B) Hire purchase company
(C) Loan company
(D) Investment company
(E) None of these
ANS. (D)
 
5. FIMMDA’s general principles and procedures are applicable to
(A) Fixed income markets
(B) Money markets
(C) Derivative markets
(D) All the above
(E) None of these
ANS. (D)

6. Life insurance in its modern form came to india from England in the year
(A) 1818
(B) 1896
(C) 1905
(D) 1907
(E) 1919
ANS. (A)
 
7. Which of the following statements about insurance business in India is not correct?
(A) Orient life insurance company was the first life insurance company on Indian Soil
(B) Bombay Mutual life assurance society was the first Indian life insurance company
(C) The life insurance company’s act and the provident fund act were passed 1949.
(D) The insurance regulatory and development authority was established in the year 1999
(E)From march 21, 2003 GIC ceased to be a holding company of its subsidiaries
ANS. (C)
 
8. In which year had the insurance regulatory and development authority come into force?
(A) 1999
(B) 2000
(C) 2001
(D) 1991
(E) 1993
ANS. (B)
 
9. By taking out insurance cover an individual of NBFCs?
(A) reduces the cost of an accident
(B) reduces the risk of an accident
(C) transfer the risk to someone else
(D) converts the possibility of large loss to certainty of a small one
(E) reduces the certainty of major loss
ANS. (C)
10. Which of the following is an example of NBFCs?
(A) Unit trust of India
(B) Life insurance corporation
(C) General insurance corporation
(D) All the above
(E) None of the above
ANS. (D)
11. The working and operations of NBFCs are regulated by
(A) SEBI
(B) RBI
(C) Finance Ministry, GOI
(D) IRDA
(E) None of the above
ANS. (B)
12. Which of the following is a kind of non-banking financial institutions
(A) Equipment leasing company
(B) Hire purchase company
(C) Loan company
(D) Investment company
(E) All the above
ANS. (E)

13. A company which pools money from investor and invests in stocks, bonds, shares is called
(A) A bank
(B) An insurance company
(C) Bank assurance
(D) Mutual fund
(E) None of these
ANS. (D)
 
14. Which was the first mutual fund started in India?
(A) SBI mutual fund
(B) Indian bank mutual fund
(C) Kotak Pioneer mutual fund
(D) Unit trust of India
(E) None of these
ANS. (D)
 
15. The regulator of mutual fund in India is
(A) FIMMDA
(B) AMFI
(C) RBI
(D) SEBI
(E) None of these
ANS. (D)
 
16. Which of the following is not correct about Non-banking financial companies?
(A) NBFC cannot accept demand deposits
(B) NBFC is not a part of the payment and settlement system
(C) NBFC can issue cheques segment of Indian financial system
(D) NBFC are fast emerging segment of Indian financial system
(E) None of these
ANS. (C)

17. Which is the principal institution for promotion, financing and development of small scale industries in the country?
(A) RBI
(B) SBI
(C) IDBI
(D) SIDBI
(E)None of these
ANS. (D)
 
18. Which of the following statements is not correct about NBFCs
(A) An NBFC cannot accept demand deposits
(B) These institutions trade in the capital market in a variety of assets and liabilities
(C) An NBFC can issue cheque drawn on itself
(D) Deposit insurance facility of deposit insurance and credit Guarantee Corporation is not available for NBFC depositors
(E) NBFIs act as brokers of loanable funds and in this capacity they intermediate between the ultimate saver and the ultimate investor.
ANS. (C)
19. Which of the following mobilize the savings of the public to specifically invest in the industrial securities?
(A) UTI
(B) LIC
(C) GIC
(D) All the above
(E) None of these
ANS. (D)
 
20. Bank assurance is
(A) an insurance scheme to insure bank deposits
(B) an insurance scheme to insure bank advances
(C) a composite financial service offering both bank and insurance products
(D) a bank deposit scheme exclusively for employees of insurance company
(E) None of these
ANS. (C)

21. Which of the following is term deposits?
(A) Fixed deposits
(B) Re-investment deposits
(C) Recurring deposits
(D) None of these
(E) All the above
ANS. (A)

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Government Jobs For Computer Assistant In Institute of Applied Manpower Research – Delhi

Institute of Applied Manpower Research

Computer Assistant

Institute of Applied Manpower Research

Address: Institute of Applied Manpower Research, 53, Lodhi Estate

Postal Code: 110003

City New Delhi

State Delhi

Pay Scale: Rs.30,000/-

Educational Requirements: A Degree in Computer Science/ Technology or Master’s Degree in Mathematics/Physics/ Statistics/ Operation Research or a Degree in Engineering with appropriate training in Computer Programming and Technology

Experience Requirements: Experience in Computer Programming and Computer Operation

Desired Skills: Knowledge in ‘C’ language and at least one of the following viz., COBOL, FORTRAN, BASIC AND PASCAL.

Details will be available at: http://iamrindia.gov.in/NISTECH%20.advt.pdf

No of Post: 07 Posts

How To Apply: Interested and eligible candidates may send their application by post at the given address.

Last Date: 15/04/2013

Age Limit: 30 Years

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DMRC 50 JE (Civil ) Urgent Requirement On 4 year Contract

Delhi Metro Rail Corporation Ltd. (DMRC) requires 50 Junior Engineer (JE) On Long Term Contract basis For a period of four years. Applicant may apply for this Contract basis Job  if he/she possess 3 year diploma in civil engineering with 60 % marks.

About Organisation (DMRC ) :

The Delhi Metro Rail Corporation (DMRC) Ltd, a Joint Venture company with equity participation from Govt. of India and Govt. of National Capital Territory of Delhi has been entrusted with the responsibility of implementation of the rail based Mass Rapid Transit System for Delhi.
Job Designation : Junior Engineer (Civil) On 4 year contract

Total Vacancies : Total 58 posts , out of which 24 for UR , 07 for SC, 06 for ST , and 21 for OBC )
Scale of Pay :  Rs. 13500 – 25520 (IDA)/ -
Age limit  : Max age 40 years as on 01/01/2013

• Relaxation in age will be given to  OBC and SC/ST category candidates. 
• 3 years  for OBC and 5 years for SC/ST

Required Qualification for Job : Candidate should  possess three years Diploma in Civil Engineering with 60% marks from reputed Government Institutes.

Selection procedure For DMRC JE Exam 2013 : 

1. The candidates will be subjected to Paragraph Writing (Technical topics/General topics) and interview.
2. The names of the candidates, who qualify the Interview, will be uploaded on our website on 16th May’2013. 

3. The shortlisted candidates will be sent for medical examination from 20th May to 24th May’2013 in “A-3” standard, the details of which are available at DMRC 
Application Fee : application fee will be paid through demand draft drawn in favour of DELHI METRO RAIL CORPORATION LIMITED, payable at New Delhi indicating on the reverse of the DD, their name & address, telephone no. if any.
UR & OBC candidates – Rs 200/-
SC/ST Candidates - Rs 50/-

How to Apply For JE DMRC Advertisement 2013 :

Willing applicants  who fulfill the above mentioned eligibility criteria may apply along with their particulars in the enclosed format, before the last date 25/04/13 by speed post to the address given below:

Address :

Executive Director (HR)
Metro Bhawan
Fire Brigade Lane
Barakhamba Road
New Delhi

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Banking Awareness Quiz : 1 for SBI PO Exam

SBI PO Aspirants can check here banking Awareness Questions for practice

1. The banks shall have to state their lending policies. These would include
(A) Exposure limits and eligible borrowers
(B) Documentation standards, maturity and pricing options
(C) Write off review procedures
(D) All the above
(E) None of the above
ANS. (D)

2. Regional Rural Banks are classified as
(A) Scheduled commerce banks
(B) Public sector banks
(C) Cooperative banks
(D) Private sector banks
(E) None of the above
ANS. (A)
  
3. Export-Import bank of India also operate the following schemes of assistance:
(A)Refinance of export credit to eligible commercial banks in long term posts shipment credits to India’s export of capital goods
(B)Lines of credit to foreign governments and financial institutions for import of Indian capital goods
(C) Re-lending facility to banks situated in foreign countries to enable them to provide term finance to importers of Indian capital goods.
(D)All the above
(E) None of the above.
ANS. (D)

4. As per guidelines of the Reserve bank of India, a new private sector bank
(A) Shall be subject to prudential norms in regard to income recognition asset classification and provisioning capital adequacy etc.
(B) Shall have to observe priority sector lending targets as applicable to other domestic banks
(C) Will be required to open rural and semi-urban branches
(D) All the above
(E) None of the above
ANS. (D)

4. In case of safe custody of articles, relationship between bank and customer is
(A) Agent and Principal
(B) Bailee and Bailor
(C)Lessor and Lessee
(D) Credit and Debitor
(E) None of the above
ANS. (B)

5. Mutual fund schemes have been allowed to mention an indicative return for schemes for fixed income securities. This will be subject to the following:
(A) The return will be based on the current yields of instruments which change from time to time, depending upon the interest rates prevailing in the market, RBI policy and other relevant factors.
(B) In case a portfolio of securities is disclosed, it should also be mentioned that such portfolio is purely illustrative and the scheme does not assure that it would maintain its portfolio
(C) The returns mentioned are only indicative and not assured. The actual returns will be based on the actual NAV which may go up or down depending on the market conditions.
(D) All the above
(E) None of the above
ANS. (D)

6. Some banks have introduced automated cheque book…. Systems, which emboss customers name and account number on every cheque leaf.
(A) issuing
(B)ordering
(C) Personalization and dispensing
(D) embossing
(E) delivery and satisfaction
ANS. (C)

7. Name the certifying authority of digital signature in banking and financial sector
(A) The IDRBT certifying authority
(B) Individual banks
(C) Reserve banks of India
(D) Indian banks association
(E) None of the above
ANS. (A)

8. For opening new branches, banks need to be complied with the following conditions:
(A) Capital adequacy ratio should be at least 8%
(B) Minimum net-owned funds Rs.100crore.
(C) Gross NPA not to exceed 15%
(D) Net profit for 3years consecutively.
(E) All the above
ANS. (E)

9. The corporative credit system, consists of
(A) Short term agricultural credit institutions
(B) Long term agricultural credit institutions
(C)Non-agricultural institutions
(D)All the above
(E) None of the above
ANS. (D)


10. A commercial paper refers to
(A) An unsecured money market instrument issued in the form of promissory note
(B) A paper issued by commercial organization
(C) A secured money market instrument
(D)A letter issued by scheduled commercial banks for seeking refinance from NABARD
(E) None of the above
ANS. (A)

11. The industrial finance corporation of India provides loans to
(A) Government companies of core sector power generation, steel, coal and cement etc.
(B) Newly established industries in backward districts
(C) Industries of private sector
(D) Joint stock companies and cooperative societies engaged in the manufacturing and processing of goods.
(E) None of the above
ANS. (D)

12. Which of the following fall under the qualitative method of credit control adopted by the Reserve Bank of India?
(A) Selective credit control
(B) Moral suasion
(C) Credit authorization scheme
(D) All the above
(E) None of the above
ANS. (D)

13. With regard of NBFCs, which of the following statement is correct?
(A) It cannot offer more than 2% brokerage
(B) It cannot offer gifts
(C) NBFCs seeking public deposit should be a profit making company
(D) All the above
(E) None of the above
ANS. (D)

14. What are the various distribution channels in the banking services?
(A) Physical channel of distribution
(B) Personal channel of distribution
(C) Indirect channel of distribution
(D) Only 1and2
(E) All the above
ANS. (D)

15. Which of the following statement is correct?
(1) The Reserve Bank of India has decided to accept the broad framework of regulations recommended by the Malegam Committee report on micro-finance institutions.
(2) This step is likely to provide a tremendous boost to the micro-finance sector and reaffirm the critical role micro-finance plays in financial inclusion.
(A) only 1
(B) only 2
(C) Both of these
(D) Either 1 or 2
(E) None of the above
ANS. (C)

16. In housing loans, the primary security for the loan is generally
(A) House properly for which loan is granted
(B) Personal guarantee of the borrower
(C) Other property of the borrower
(D) Personal guarantee of third party
(E) None of the above
ANS. (A)

17. The treasury bills are issued at a
(A) Discount
(B) Premium
(C) Both 1and2
(D) Face value
(E) None of the above
ANS. (A)

18. Which of the following are salient features of special electronic fund transfer scheme?
(A) Same day interbank transfer accounts maintained in any of the participating branches are covered that have networking
(B) Settlement for interbank funds transfer takes place in Mumbai.
(C) Scheme is available in over 2500bank branches in 500cities
(D) 3 SEFT settlement cycles on weekdays and 2cycles on Saturday
(E) None of the above
ANS. (E)

19. The first public sector bank to issue capital to public is
(A) Corporation bank
(B) Indian overseas bank
(C) Oriental bank of commerce
(D) Punjab National bank
(E) None of the above
ANS. (C)

20.  The Reserve Bank of India is also called the lender of the last resort to scheduled commercial banks because
(A) RBI meets directly or indirectly all the reasonable demands for financial accommodation subject to terms and conditions of the discount rate policy of RBI
(B) They are not able to get facilities from other banks
(C) Both of the above
(D) They are able to get facilities from private sector banks
(E) None of the above
ANS. (A)

21. The interbank messaging part of SFMS is useful for applications like
(A) Electronic Fund Transfer
(B) Real time gross settlement system
(C)Delivery versus payment system
(D) Centralised management system
(E) All of the above
ANS. (E)

22. Merchant bankers which have networth of more than Rs.1crore are allowed by SEBI to function as
(A) Lead managers for issue of shares
(B) Underwriters for issue of shares
(C) Both of the above
(D) Collection of cheques
(E) None of the above
ANS. (C)

24. The term Retail Banking means
(A) Providing services to individuals
(B)Focusing on individual needs for different kinds of financial services
(C) In an integrated manner
(D) All the above
(E) None of the above
ANS. (D)

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Union Bank of India Recruitment 2013-14

Union Bank of India Recruitment 2013-14: Union Bank of India has displayed the notice for recruitment of 349 Specialist Officers Cadre posts.

Desirous and Eligible Aspirant may apply Online for these post current by 23^rd April 2013. Privatejobshub.blogspot.in has provides latest jobs, Results, Admission 2013, Bank Jobs and etc. For more details regarding Union Bank of India Recruitment 2013-14 such as Age, Qualification, Hiring Process, No. of Vacancies and How to apply are mention below:

Union Bank of India Recruitment 2013-14 Details:

Organization Name	Union Bank of India
Post Name	Specialist Officers Cadre
No. of vacancies	349
Age Limit	21 years to 45 years
Last Date of application	23rd April 2013
Hiring Process	Written Test/ Psychometric test /GD/

Who can apply?

Name of Post	No. of Post	Age Limitation	Qualification
Asst. General Manager (IT)	01	21 years to 45 years	M.Tech/B.Tech/B.E/(Computer Science/Electronics/ Electronics and Communication)
Chief Manager (IT-Network)	01	21 years to 43 years
Senior Manager(IT-Network)	01	21 years to 40 years
Credit Officers---MMGS-III	336		C.A /I.C.W.A / C.S / M.B.A/JAIIB/ CAIIB/Diploma in Banking & Finance (IIBF)
Printing Technologist	01		A Graduate Degree in Printing Technology
Security Officer	06	21 years to 50 years	A Graduate Degree in any discipline
Company Secretary	01	21 years to 35 years
Economists	02		A Post Graduate Degree in Economics / Econometrics

Age Limitation: Age Limitation is shown in above table and Age relaxation will be extended as per Govt. rule.

Qualification: Aspirants eligibility is shows in above table for all different posts.

Experience: Experience will be including for all posts.

Application Fee:

Category	Fee
For GEN/OBC	Rs. 250
For other	Rs. 50

Hiring Process:

Aspirants will be selected on the basis of following phases:

·         Written Test

·         Psychometric test

·         Group Discussion

·         Personal Interview

How to Apply: Aspirant may apply online for these posts; you can log on official web portal www.unionbankofindia.co.in and go to the careers option and then press online application form. After fill up the application form properly then press submits and takes print out of the challan, now submit the challan at any Union Bank of India  and again visit the official website and fill up the challan no. and given registration no. and after than upload the scan photograph and signature, press submit.

Important Dates to Remind:

Starting Date of Application form: 03^rd April 2013

Last date of Online Application Form:  23^rd April 2013

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