current affairs for ibps

7/31/2019 Current Affairs for Ibps

http://slidepdf.com/reader/full/current-affairs-for-ibps 1/91

BANKING RELATED GENERAL AWARENESS

1. A major Public Sector Bank raised interest rates on loans by 25 basis points - was news

in some major financial newspapers recently. This means the bank has raised interest by 25

basis points of

a) Savings Bank Interest Rate b) Base Lending Rate

c) Repo Rates d) Present Rates on Deposits

e) Discounted Rates of Interest

2. The Finance Minister of India in one of his press conferences said that inflationary

pressure is likely to continue following recent increase in rates of some commodities in

international markets. Which f the following commodities was he referring to as it gets

frequent increase at international levels and disturbs our Home Economy substantially?

a) Gold and Silver b) Petroleum products c) Tea and Coffee

d) Sugar e) Jute and Jute products

3. Immediately prior to change in the measure of Food Inflation, which of the following

indexes was being used for measuring it?

a) Wholesale Price Index b) Consumer Price Index

c) Interest Rates offered by banks on deposits d) Sensex and Nifty e) None of these

4. What is the full form of „FINO‟, a term we see frequently in financial newspapers?



a) Financial Investment Network and Operations

b) Farmers‟ Investment in National Organisation

c) Farmers Inclusion News and Operations

d) Financial Inclusion Network and Operations

e) None of these

5. Which of the following is/are commodity/ies on which subsidy is given to farmers/poor

in India?

A) Fertilizer B) Kerosene C) LPG

a) Only (A) b) Only (B) c) Only (C)

d) Only (A) and (C) e) All (A), (B) and (C)

6. „Bhagyam Oilfields‟, which were recently in news, are located in which of the following

states in India?

a) Rajasthan b) Gujarat c) Assam

d) Maharashtra e) Karnataka

7. The Finance Minister of India recently decided o review the position of „Bad Debts‟ in

priority sector. Which of the following is/are the reason(s) owing to which FM took this

decision?



A) Bad Debt in agriculture is still rising substantially every year despite special treatment

to it.

B) Bad Deb in other areas of priority sector is almost nil now.

C) Govt is planning to disburse another installment of 1,60,000 crore, which will bring„Bad Debts‟ almost at „Nil level‟ and no special treatment will be needed in next fiscal year.

a) Only (A) b) Only (B) c) Only (C) d) Both (A) and (B)

e) All (A), (B) and (C)

8. Which amongst the following countries is NOT a member of the TAPI pipeline project,which was in news recently?

a) India b) Afghanistan c) Portugal d) Pakistan

e) Turkmenistan

9. An agreement on Arms Reduction popularly known as „START‟ is one of the major

issues in the way of smooth relations between which of the following two countries?

a) India-Pakistan b) India - China c) China - Japan

d) USA-Russia e) Russia – Iran

10. The International WWW Conference - 2011 was organized in which of the following

places in March 2011?



a) London b) Paris c) Vienna d) Manila e) Hyderabad

11. Which of the following international agencies/organizations had initiated an

„International Convention for the Protection of All Persons from Enforced Disappearance‟,

which came into effect recently?

a) World Health Organisation (WHO) b) International Court of Justice

c) International Maritime Organisation

d) International Atomic Energy Agency (IAEA)

e) United Nations Organisation (UNO)

12. „BRIC‟ which was the organisation of 4 nations, namely Brazil, Russia, India and

China, has now become „BRICS‟. Which is the fifth nation included in it?

a) South Korea b) Sri Lanka c) Singapore d) Spain

e) South Africa

13. The process of acquisition of agricultural land and is compensation to farmers recently

came up as a major issue in which of the following states? (It also created law and order

problem in the State.)

a) Haryana b) Gujarat c) Uttar Pradesh d) Rajasthan

e) Punjab



14. What does the letter „L‟ denote in the term „LAF‟ as referred every now and then in

relation to monetary policy of the RBI?

a) Liquidity b) Liability c) Leveraged d) Longitudinal e) Linear

15. BP Plc, which was in news recently, is a major international company in the field of

a) Heavy Machinery b) Oil exploration and processing c) Atomic Energy

d) Information Technology e) None of these

16. Who amongst the following has been appointed the new coach of the Indian Cricket

team for period of two years?

a) Stuart Law b) Allan Border c) Gary Kristen

d) Duncan Fletcher e) Allan Donald

17. Why was Kanishtha Dhankhar‟s name in news recently?

a) She was crowned Femina Miss India 2011.

b) She was adjudged Best Actress 2010 by Film fare

c) She is the new captain of Indian‟s woman cricket team

d) She has become the new Dy Minister of Textile in place of Dayanidhi Maran

e) None of these

18. K Balachander, who was awarded prestigious Dada Saheb Phalke Award 2010, is

basically a/an

a) Actor b) Director c) Photographer d) Music Director



e) Choreographer

19. Banks and other financial institutions in India are required to maintain a certain

amount of liquid assets like cash, precious metals and other short-term securities as areserve all the time. In Banking World this is known as

a) CRR b) Fixed Asset c) SLR d) PLR

e) None of these

20. Which of the following space agencies recently launched three satellites and placedthem into Polar Sun Synchronous Orbit successfully?

a) NASA b) ROSCOMOS c) cnsa d) ISRO e) JAXA

21. As per the decision taken by the Govt of India recently, “Bamboo is a liberated item

now”. What does it really mean?

A) Bamboo, hence forth, will be treated as a minor forest produce only.

B) Now villagers are free to sell bamboo in their community forest areas.

C) Gram Sabha has been given right to issue transport passes to legally transport the

produce.

a) Only (A) b) Only (B) c) Only (C) d) All (A), (B) and (C)

e) None of these

22. Union Cabinet recently passed a 7000-crore project to clean up which of the following

rivers in India?



a) Narmada b) Ravi c) Ganga d) Chambal

e) Krishna

23. As per estimates of the Planning Commission of India the target growth rate of

12thFive Year Plan is set at

a) 7 to 8% b) 8.0% to 8.5% c) 9% to 9.5% d) 10% to 10.5%

e) 11%

24. Goodluck Jonathan was recently re-elected the President of

a) South Africa b) Nigeria c) Kosovo d) Haiti

e) None of these

25. Which of the following schemes has NOT been launched by the Ministry of Rural

Development, Govt of India?

a) National Old Age Pension Scheme b) National Maternity Benefit Scheme

c) National Family Benefit Scheme d) Mid-Day Meal Scheme

e) All are launched by Ministry of Rural Development.



26. Where are you likely to find an embedded operating system?

a) On a desktop operating system b) on a networked PC

c) On a network server d) on a PDA e) on a mainframe

27.An online discussion group that allows direct “live communication is known as

a) Webcrawler b) chat group c) regional service provider

d) hyperlink e) e-mail

28. Which of the following is a program that uses a variety of different approaches to

identify and eliminate spam?

a) Directory search b) Anti - spam program c) Web server

d) Web storefront creation package e) Virus

29. Connection or link to other documents or Web Pages that contain related information

is called

a) dia-up b) electronic commerce c) hyperlink d) e-cash

e) domain name

30. Which of the following is a programming language for creating special programs like

applets?



a) Java b) cable c) domain name d) Net e) COBOL

31. The system unit

a) coordinates input and output devices

b) is the container that houses electronic components

c) is a combination of hardware and software d) controls and manipulates data

e) does the arithmetic operations

32. System software

a) allows the user to diagnose and troubleshoot the device

b) is a programming language c) is part of a productivity suite

d) is an optional form of software e) helps the computer manage internal resources

33. Computer and communication technology, such as communication links to the Internet,

that provide help and understanding to the end user is known as

a) presentation file b) information technology c) program

d) worksheet file e) FTP

34. Which of the following is contained on chips connected to the system board and is a

holding area for data instructions and information? (processed data waiting to be output to

secondary storage)



a) program b) mouse c) Internet d) memory e) modem

35. Microsoft‟s Messenger allows users to

a) bypass a browser to surf the Web b) create a blog

c) communicate via direct live communication

d) identify and eliminate spam e) make graphic presentations

36. Portable computer, also known as laptop computer, weighing between 4 and 10 pounds

is called

a) general-purpose application b) Internet c) scanner

d) printer e) notebook computer

37. The main circuit-board of the system unit is the

a) computer program b) control unit c) motherboard d) RAM

e) None of these

38. Which of the following is billionth of a second?

a) Gigabyte b) Terabyte c) Nanosecond d) Microsecond e) Terasecond

39. Online Marketing is the function of which of the following?



a) Purchase Section b) Production Department c) IT Department

d) Designs Section e) A collective function of all staff

40. Customisation is useful for

a) Designing customer specific products b) Call centres

c) Publicity d) Motivating the staff e) Cold calls

41. The key challenge to market-driven strategy is

a) Selling maximum products b) Employing maximum DSAs

c) Delivering superior value to customers d) Being rigid to changes

e) Adopting short-term vision

42. Effective selling skills depends on

a) Size of the sales team b) Age of the sale team

c) Peer strength d) Knowledge level of the sales team

e) Educational level of the sales team



43. Generation of sales leads can be improved by

a) Being very talkative b) Increasing personal and professional contacts

c) Being passive d) Engaging Recovery Agents

e) Product designs

44. A Market plan is

a) Performance Appraisal of marketing staff

b) Company Prospectus c) Documented marketing strategies

d) Business targets e) Call centre

45. Marketing channels mean

a) Delivery objects b) Sales targets c) Delivery outlets

d) Delivery boys e) Sales teams

46. Social Marketing means

a) Share market prices b) Marketing by the entire society

c) Internet Marketing d) Marketing for a social cause

e) Society bye-laws



47. Service Marketing is the same as

a) Internet Marketing b) Telemarketing c) Internal Marketing

d) Relationship Marketing e) Transaction Marketing

48. Market-driven strategies include

a) Identifying problems b) Planning marketing tactics of peers

c) Positioning the Organisation and its brands in the marketplace.

d) Internal marketing e) Selling old products.

49. Innovation in marketing is same as

a) Motivation b) Perspiration c) Aspiration d) Creativity e) Team work

50. Personal Loans can be canvassed among

a) Salaried persons b) Pensioners c) Foreign Nationals

d) NRI customers e) Non-customers

ANSWERS



1.B 2.B 3.A 4.A 5.E 6.A 7.A 8.C 9.D 10.E

11.E 12.E 13.C 14.A 15.B 16.D 17.A 18.B 19.C 20.D

21.D 22.C 23.C 24.B 25.D 26.D 27.B 28.B 29.C 30.A

31.C 32.E 33.A 34.D 35.C 36.E 37.C 38.C 39.E 40.A

41.C 42.C 43.B 44.C 45.C 46.D 47.D 48.A 49.D 50.A



Padma Shri Awards 2012

Shri Vanraj Bhatia (Art – Music Maharashtra)

Shri Zia Fariduddin Dagar (Art – Music – vocal Maharashtra)

Smt. Nameirakpam Ibemni Devi (Art – Music- Khongjom Parba Manipur)

Shri Ramachandra Subraya Hegde Chittani (Art – Yakshagana dance drama Karnataka)

Shri Moti Lal Kemmu (Art – Playwright Jammu and Kashmir)

Shri Shahid Parvez Khan (Art – Instrumental Music-Sitar Maharashtra)

Shri Mohan Lal Kumhar (Art – Terracotta Rajasthan)

Shri Sakar Khan Manganiar( Art – Rajasthani Folk Music Rajasthan)

Smt. Joy Michael (Art – Theatre Delhi)

Dr. Minati Mishra (Art – Indian Classical Dance-Odissi. Orissa)



Shri Natesan Muthuswamy (Art – Theatre. Tamil Nadu)

Smt. R. Nagarathnamma (Art – Theatre Karnataka)

Smt. Yamunabai Waikar (Art – Indian Folk Music-Lavani.

Maharashtra)

ShriSatish Alekar (Art – Playwright

Maharashtra)

PanditGopal Prasad Dubey (Art – Chhau dance and choreography Jharkhand)

Shri Ramakant Gundecha (Art – Indian Classical Music- Vocal Madhya Pradesh)

Shri Umakant Gundecha( Art – Indian Classical Music- Vocal Madhya Pradesh)

Shri Anup Jalota (Art-Indian Classical Music- Vocal Maharashtra)

Shri Soman Nair Priyadarsan (Art – Cinema- Direction Kerala)

Shri Sunil Janah (Art-Photography Assam)



Ms. Laila Tyebji (Art-Handicrafts Delhi)

Shri Vijay Sharma (Art-Painting Himachal Pradesh)

Smt. Shamshad Begum (Social Work Chattisgarh)

Smt. Reeta Devi (Social Work Delhi)

Dr. P.K. Gopal (Social Work Tamil Nadu)

Smt. Phoolbasan Bai Yadav (Social Work Chattisgarh)

Dr. G. Muniratnam Social Work Andhra Pradesh)

Shri Niranjan Pranshankar Pandya (Social Work Maharashtra)

Dr. Uma Tuli (Social Work Delhi)

Shri Sat Paul Varma (Social Work Jammu and Kashmi)r

Smt.Binny Yanga (Social Work Arunachal Pradesh)

Shri Yezdi Hirji Malegam (Public Affairs Maharashtra)



Shri Pravin H. Parekh (Pubic Affairs Delhi)

Dr. V. Adimurthy (Science and Engineering Kerala)

Dr. Krishna Lal Chadha (Science and Engineering – Agriculture Delhi)

Prof. Virander Singh Chauhan Science and Engineering Delhi)

Prof. Rameshwar Nath Koul Bamezai (Science and Engineering Jammu and Kashmir)

Dr. Vijaypal Singh

(Science and Engineering – ( Agricultural Research

Uttar Pradesh)

Dr. Lokesh Kumar Singhal (Science and Engineering Punjab)

Dr. Yagnaswami Sundara Rajan (Science and Engineering Karnataka)

Prof. Jagadish Shukla (Science and Engineering USA)



Ms. Priya Paul (Trade and Industry Delhi)

Shri Shoji Shiba (Trade and Industry Japan)

Shri Gopinath Pillai (Trade and Industry Singapore)

Shri Arun Hastimal Firodia (Trade and Industry Maharashtra)

Dr. Swati A. Piramal (Trade and Industry Maharashtra)

Prof. Mahdi Hasan (Medicine-Anatomy Uttar Pradesh)

Dr. Viswanathan Mohan (Medicine – Diabetology Tamil Nadu)

Dr. J. Hareendran Nair (Medicine – Ayurveda Kerala)

Dr. Vallalarpuram Sennimalai Natarajan (Medicine – Geriatrics Tamil Nadu)

Dr. Jitendra Kumar Singh (Medicine – Oncology Bihar)

Dr. Shrinivas S. Vaishya



(Medicine-Healthcare Daman and Diu)

Dr. Nitya Anand (Medicine – Drugs Research Uttar Pradesh)

Late Dr. Jugal Kishore (Medicine – Homoeopathy Delhi)

Dr. Mukesh Batra (Medicine-Homeopathy Maharashtra)

Dr. Eberhard Fischer (Literature and Education Switzerland)

Shri Kedar Gurung (Literature and Education Sikkim)

Shri Surjit Singh Patar (Literature and Education – Poetry Punjab)

Shri Vijay Dutt Shridhar (Literature and Education – Journalism Madhya Pradesh)

Shri Irwin Allan Sealy (Literature and Education Uttarakhand)

Ms. Geeta Dharmarajan (Literature and Education Delhi)

Prof. Sachchidanand Sahai (Literature and Education Haryana)

Smt. Pepita Seth (Literature and Education Kerala)



Dr. Ralte L. Thanmawia (Literature and Education Mizoram)

Shri Ajeet Bajaj (Sports – Skiing Delhi)

Smt. Jhulan Goswami (Sports – Women‟s Cricket West Bengal)

Shri Zafar Iqbal (Sports-Hockey Uttar Pradesh)

Shri Devendra Jhajrija (Sports – Athletics- Paralympics Rajasthan)

Shri Limba Ram (Sports – Archery Rajasthan)

Shri Syed Mohammed Arif( Sports – Badminton Andhra Pradesh)

Prof. Ravi Chaturvedi (Sports- Commentary Delhi)

Shri Prabhakar Vaidya (Sports-Physical Education Maharashtra)

Shri T. Venkatapathi Reddiar (Others-Horticulture Puducherry)

Dr. K. (Kota) Ullas Karanth Others-Wildlife Conservation and Environment



Protection Karnataka)

Shri K Paddayya (Others-Archaeology Maharashtra)

Shri Swapan Guha (Others-Ceramics Rajasthan)



1. January 9 NRI Day 2. January 10 World Laughter Day

3. January 12 National Youth Day

4. January 15 Army Day

5. January 26 India's Republic Day, International Customs Day

6.

January 30 Martyrs' Day; World Leprosy Eradication Day 7. 2nd Sunday of February World Marriage Day

8. February 24 Central Excise Day 9. February 28 National Science Day

10. Second Monday March Commonwealth Day

11. March 8 International Women's Day; Intl. literacy Day 12. March 15 World Disabled Day; World Consumer Rights Day

13. March 18 Ordnance Factories Day (India)

14. March 21 World Forestry Day; International Day for the

Elimination of Racial Discrimination

15. March 22 World Day for Water 16. March 23 World Meteorological Day

17. March 24 World TB Day

18. April 5 International Day for Mine Awareness; National

Maritime Day

19. April 7 World Health Day

20. April 17 World Haemophilia Day

21. April 18 World Heritage Day

22. April 21 Secretaries' Day 23. April 22 Earth Day

24. April 23 World Book and Copyright Day

25. May 1 Workers' Day (International Labour Day) 26. May 3 Press Freedom Day; World Asthma Day

27. May 2nd Sunday Mother's Day

28. May 4 Coal Miners' Day

29. May 8 World Red Cross Day

30. May 9 World Thalassaemia Day

31. May 11 National Technology Day

32. May 12 World Hypertension Day; International Nurses Day 33. May 15 International Day of the Family

34. May 17 World Telecommunication Day

35. May 24 Commonwealth Day 36. May 31 Anti-tobacco Day



37. June 4 International Day of Innocent Children Victims of

Aggression

38. June 5 World Environment Day

39. June 3rd Sunday Father's Day

40. June 14 World Blood Donor Day

41. June 26 International Day against Drug Abuse and Illicit

Trafficking

42. July 1 Doctor's Day

43. July 6 World Zoonoses Day 44. July 11 World Population Day

45. August 3 Internatioal Friendship Day

46. August 6 Hiroshima Day

47. August 8 World Senior Citizen's Day 48. August 9 Quit India Day, Nagasaki Day

49. August 15 Indian Independence Day

50. August 18 IntI. Day of the World's Indigenous Peoples 51. August 19 Photography Day

52. August 29 National Sports Day

53. September 2 Coconut Day

54. September 5 Teachers' Day; Sanskrit Day 55. September 8 World Literacy Day (UNESCO)

56. September 15 Engineers' Day

57. September 16 World Ozone Day

58. September 21 Alzheimer's Day; Day for Peace &

Non-violence (UN)

59. September 22 Rose Day (Welfare of cancer patients)

60. September 26 Day of the Deaf 61. September 27 World Tourism Day

62. October 1 International Day for the Elderly

63. October 2 Gandhi Jayanthi

64. October 3 World Habitat Day

65. October 4 World Animal Welfare Day 66. October 8 Indian Air Force Day

67. October 9 World Post Office Day



68. October 10 National Post Day 69. October 2nd Thursday World Sight Day

70. October 13 UN International Day for Natural Disaster

Reduction

71. October 14 World Standards Day 72. October 15 World White Cane Day (guiding the blind)

73. October 16 World Food Day

74. October 24 UN Day; World Development Information Day 75. October 30 World Thrift Day

76. November 9 Legal Services Day

77. November 14 Children's Day; Diabetes Day

78. November 17 National Epilepsy Day

79. November 20 Africa Industrialisation Day 80. November 29 International Day of Solidarity with Palestinian

People

81. December 1 World AIDS Day 82. December 3 World Day of the Handicapped

83. December 4 Indian Navy Day

84. December 7 Indian Armed Forces Flag Day

85. December 10 Human Rights Day; IntI. Children's Day of

Broadcasting

86. December 18 Minorities Rights Day (India)

87. December 23 Kisan Divas (Farmer's Day) (India)



got this info from another social blog.. (there may be mistakes also)

SBI PO SALARY STRUCTURE

BASIC SALARY Rs. 16,900

(4 ADVANCE INCREMENTS)

DEARNESS ALLOWANCE Rs. 8,619

(CURRENTLY 46.2 %, EXPECTING IT TO GO UP TO 51 % BY END JAN)

CITY COMPENSATORY ALLOWANCE Rs. 540

(MAXIMUM AMOUNT 540 OR 4 % OF BASIC WHICHEVER IS LOWER)

LEASED ACCOMODATION) Rs. 10,000

SOCIETY MAINTAINANCE CHARGES Rs. 1,000

PARKING CHARGES Rs. 500

FURNITURE MAINTAINANCE ALLOWANCE Rs. 1,000

CLEANSING Rs. 600



CASUAL LABOUR Rs. 300

CONVEYENCE ALLOWANCE (PETROL) Rs. 4,200

(70 LITRES FOR A CAR IN METROS (1 LITRE= 60 Rs.) )

NEWSPAPER Rs. 350

TELEPHONE Rs. 600

ENTERTAINMENT Rs. 825

EMOLUMENTS PER MONTH Rs. 45,434

EMOLUMENTS PER ANNUM Rs. 5,45,208

LEAVE TRAVEL CONCESSION (ONCE IN 2 YRS) Rs. 15,000

(ONCE IN 2 YEARS (AN APPROXIMATE FIGURE: 30,000 Rs.))

FURNITURE Rs. 9,000

(FOR 10 YEARS (AMOUNT: 90,000 Rs.))



PF/PENSION CONTRIBUTION OF BANK Rs. 30,623

(BANK CONTRIBUTES 10 % OF (BASIC + DA) FOR EMPLOYEES)

MEDICAL Rs. 5,100

(CAN BE AVAILED ANNUALLY)

BRIEFCASE Rs. 467

(CAN BE AVAILED ONCE IN 3 YEARS (AMOUNT: 1,400 Rs.))

INTEREST BENEFITS, LOANS, ADVANCES etc.. Rs. 25,000

(INCLUDES HIGHER INTEREST RATES ON DEPOSITS, FESTIVAL ADVANCE, LEASE

ADVANCE, CAR LOAN, CONSUMER ARTICLES LOAN etc. IT DOESN'T INCLUDE

HOUSING LOAN BECAUSE IT CAN BE TAKEN ONLY AFTER 5 YRS OF SERVICE.AND TRUST ME IT'S THE BIGGEST BENEFIT OF WORKING IN A BANK.)

TOTAL EMOLUMENTS IN METROS (APPROX.) Rs. 6,30,397

EXPECT IT TO GO UPTO 6.5 LPA+ AS I HAVE NOT INCLUDED ALL ALLOWANCES

OBC SALARY STRUCTURE

Basic 14500

DA 49.95% 7242



CCA 540

Lease 4400

Entertainment 550

newspaper 165

Conveyance 400

Cleaning allowance 333 (1000 quarterly)

Total 28130

+ Annual Medical Aid 50% of basic i.e. 7250 if basic is 14500

Closing allowance 250 every 6 months

Stationary 350 yearly

Furniture 65000 after probation

Petrol 50 lt after 4 increments, i.e. CAIIB + Probation or 4 years without CAIIB

KARNATAKA BANK PO SALARY STRUCTURE

Basic---14500

da------7243

cca-----540

lease----6000



gross----28283

allowances in probation

canteen---500

news paper---175

medical aid---425 per month

conveyance---25 litres

STATE BANK OF MYSORE PO SALARY STRUCTURE

Basic- 14500

D A - 7242

CCA 540

House Lease - 10000

Allownces

Conveynce - 610 after probation 60 lt

News paper-350

Cleaning Meterial - 600

Late sitting - 2000



Total - 35842

Furniture allownces-

20 k In probation. after probation 90 k

Medical aid - 5100 per year

furniture maintinance- 9k per year

STATE BANK OF PATIALA PO SALARY STRUCTURE

Basic-Rs14500

D.A-49.95% currently.keeps on changing every 3 months-Rs7242.75

HRA-942.50(depends upon place of posting)

If you take lease accomodation then no HRA.

Lease accomodation:- Rs 3300 (rural or semi urban population less than 1lac)

Rs 4500(semi urban,population more than 1 lac)

Rs 7500(urban, population less than 12 lacs)

Rs 10000(metropoliton or class a cities)

Extra perks:-

Casula labour-Rs 10 per day= Rs300 p.m

entertainment-Rs 225 p.m=Rs 2700 p.a (in probation,after that it is 4500 and above)

Newspaper-Rs 350 p.m

Late Sitting-Rs 200 per day , not more than 10 days in a month=Rs 2000 (expected to be revised

at Rs 300 per day from next months or so)



Conveyance- Rs 610 fixed(expected to be revised for P.O i.e. 45 Lts of petrol if you have bike)

Mobile Bill- Rs 250 +tax(if postpaid)

Rs 250 (if prepaid)

Deductions:-

CPS-10% basic+10%D.A-Rs 2175

Union charge-Rs 100

Emp welfare fund-Rs75

Thats all about monthly perks

Other Benefits:-

1.Rs 14000 + (7*600)+T.A bill=Rs 18200+T.A bill on transfer. 7*600 means 7 days as joining

time and 600 daily allowance for that.

2. On classroom training- 1/4 th of daily allowance (Rs 150)+ full day allowance on day of

travelling to and from academy(Rs 600)

3.Medical allowance- Rs 5100 P.A

4.RS 90000 for furnitures and fixtures (Rs 20000 in probation and remaining after that)

5.Rs 9000 p.a for maintaince of furniture and fixtures but after availing min 50% amount.

6.allowances for cfl,bucket,mosquito net,brief case and few more things totalling near Rs 10000.

FEDERAL BANK PO SALARY STRUCTURE

Basic- 14500

DA(49.59%)-7191



HRA/Lease- HRA nominal rate

lease 3300(C centre) 7500(B centre) 10750(A centre)

Conveyance-

1)Fixed conveyance-1300 or

2)petrol-25 ,35,45 ltrs respectively for C,B,A centres for two wheeler

Entertainment-1000

Cleansing-450

CCA-maximum of 540 at big centres

so total salary including all perks/allowances at different centres

A centres-14500+7191+10750+2925+1000+450+540=35356 pm

B centres-14500+7191+7500+2275+1000+450+375=33291 pm

C centres-14500+7191+3300+1625+1000+450=28066 pm

in addition other allowances as the role given by branch manager

1)sytem admin-1000 pm

2)ATM allowance-1200 pm

3)clearing -120 per day-3400approx pm



same at all centres .

so u can add some extra buks

Medical aid-5100 per annum

increments-600 per one year service

JAIIB-one increment of 600

CAIIB-one increment of 600

in addition yearly bonus of 38500 per year.

so CTC will be between 4.10 lc to 4.70 lac per annum for newly joined depending on place of

posting.

BANK OF BARODA PO SALARY STRUCTURE

Basic: 14500

DA: 7656

HRA:943

Total Gross: 23099



Deductions:

NPS Employee Contribution: 2216

Income Tax: 590

Total: 2806

So, Net Income i got in My a/c: 20,293

If i say Perks & Allowance, it includes following:

20 L Petrol cost in Rural Area per Month.

Rs 1150 per Quarter for Entertainment allowance.

Rs 1000 per Year Book Allowance.

Rs 1800 per Year for Newsppr & Magazine.

Rs 10 per Day present in month as Canteen Subsidy.

Rs 5100 per Year as Medical Allowance.

Rs 1500 as Briefcase Allowance in every Two Years.

Rs 250 as Closing Allowance at September & March end.

Rs 20000 Furniture Entitlement (...not know the details much)

Rs 2500 as Lease if in Rural Area.

Rs 600/700/800 diem allowance as per the Area of posting.

CANARA BANK PO SALARY STRUCTURE



BASIC: 14500

DA: 7656

HRA: 1088

CCA: NO CITY POSTING

TOTAL:23256

DEDUCTIONS

NEW PENSION SCHEME:2216

IN HAND SALARY(URBAN): 21268

PETROL (0LTR)

ENTERTAINMENT( 0)(NO TIME FOR ENTERTAINMENT)

CANTEEN SUBSIDY 1.50 RS PER WKNG DAY

MED AID( 5100 ANNUALLY)

BRIEFCASE (1500 IN 2 YRS)

BOOK & NEWSPAPERS (MAXIMUM 1400 ANNUALLY)

ALLAHABAD BANK SALARY STRUCTURE



Basic-14500/-

da-7830/-

hra-942/-

cca-375/-

total-23647 /-

after that 25 ltr of petrol-1800/-

news paper-150/-

food and beverges-200/-

entertainment -200/-

total one month in hand salary-26000/-

and yearly 5100/- for medical expenses

CBI PO

BASIC PAY--------------------------------RS14500

DA( IE CURRENT 60.15%)----------RS 8721.75

CCA-----------------------------------------RS 540

LEASE IN 'A' GRADE CITY--------------RS 6500

FURNITURE ALLOWANCE AFTER PROBATION----RS 150000



PETROL AFTER PROBATION------------NOW 25 LTR

NEWS PAPER--------------------------------RS 150 PER MONTH

DEDUCTION

PF CONTRIBUTION-----RS 2322

PROFESSIONAL TAX--RS200

& INCOME TAX

CORPORATION BANK PAYSCALE

basic pay 14500

da 8720

hra 1232

city compensatory allowances 540

so 25k

allowances

petrol 35litres r 1150rs if u dont have vehicle n ur name

entertainmnt 450rs

canteen subsidy 250rs



telephone expenses 386rs

paper-125rs

all together 3800rs

medical expenses 5100rs per annum.. can b claimed whn ever one wants..

arnd 30k..

if u dont hve own house n ur parents name/ spouse name in same city thn 8200rs at max rent

accomodatn(hra wont b given thn)

da arnd 3.75% to cme 4 ths quarterly so 550rs+ frm feb..

30k is sure for a PO n ths bank.. cuttns 10% f basic+da.. + proff tax.. 2350+200.. every mnth..

Uttarbanga Kshetriya Gramin Bank

Positions:

(1) Office Assistants (no. 28)

Pay scale – INR 7200 to INR 19300 pm

(2) Officers [scale 1] (no. 34 vacancies)

Pay scale- INR 14500 to INR 25700 pm

Deccan Grameena Bank (DGB)

Positions:

(1) Officer [scale 1] (no. 65 vacancies)

Pay scale – INR 23098.50 pm

(2) Officer [scale 2] (no.12 vacancies)

Pay scale: INR 30904.20 pm



(3) Office Assistants (no. 98 vacancies)

Pay scale – Rs.13658 per month

ICICI Bank

Positions:

Probationary Officers (PO)

Pay scale: 4 lacs pa

Pragathi Gramin Bank

Positions:

(1) Officer [scale 2] (no. 32)

Pay scale – INR 30904 pm



(3) Office Assistant (no. 64)


South Malabar Gramin Bank

Positions:


Payscale – INR 23100 pm

(2) Officer [scale 2] (no.18)

Payscale – INR 30900 pm





(4) Office Assistants (no. 43)


Last Updated: 29/09/11



1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have

any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banksto get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes moreexpensive.

2. What is Reverse Repo Rate?

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of

India (RBI) borrows money from banks. RBI uses this tool when it feels there is too muchmoney floating in the banking system. Banks are always happy to lend money to RBI since their

money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banksto transfer more funds to RBI due to this attractive interest rates.

3. What is CRR Rate?

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down.

RBI is using this method (increase of CRR rate), to drain out the excessive money from thebanks.3

4. What is SLR Rate?

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in theform of cash, or gold or govt. approved securities (Bonds) before providing credit to its

customers.

SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control

the expansion of bank credit. SLR is determined as the percentage of total demand andpercentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay



to the customers on their anytime demand. SLR is used to control inflation and propel growth.

Through SLR rate tuning the money supply in the system can be controlled efficiently.

5. What is Bank Rate?

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank

charges on the loans and advances that it extends to commercial banks and other financial

intermediaries. Changes in the bank rate are often used by central banks to control the moneysupply.

6. What is Inflation?

A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indianeconomy. An increase in inflation figures occurs when there is an increase in the average level of

prices in Goods and services. Inflation happens when there are fewer Goods and more buyers;

this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

7. What is Deflation?

A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when

the inflation rate becomes negative (below zero) and stays there for a longer period.

8. What is PLR?

A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy

customers (usually the most prominent and stable business customers). The rate is almost alwaysthe same amongst major banks. Adjustments to the prime rate are made by banks at the same

time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually

adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates



reported below are based upon the prime rates on the first day of each respective month. Some

banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime LendingRate.

9. What is Deposit Rate?

A: Interest Rates paid by a depository institution on the cash on deposit.

10. What is FII?

A: FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an

institution. An institution established outside India, which proposes to invest in Indian market, in

other words buying Indian stocks. FII's generally buy in large volumes which has an impact onthe stock markets. Institutional Investors includes pension funds, mutual funds, Insurance

Companies, Banks, etc.

11. What is FDI?

A: FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a

significant amount of ownership (stock) of a company in another country in order to gain a

measure of management control” (Or) A foreign company having a stake in a Indian Company.

12. What is IPO?

A: IPO is Initial Public Offering. This is the first offering of shares to the general public from a

company wishes to list on the stock exchanges.

13. What is Disinvestment?



A: The Selling of the government stake in public sector undertakings.

14. What is Fiscal Deficit?

A: It is the difference between the government‟s total receipts (excluding borrowings) and total

expenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP.

15. What is Revenue deficit?

A: It defines that, where the net amount received (by taxes & other forms) fails to meet thepredicted net amount to be received by the government. Revenue deficit in 2009-10 is proposed

at 4.8% of GDP.

16. What is GDP?

A: The Gross Domestic Product or GDP is a measure of all of the services and goods produced

in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%.

17. What is GNP?

A: Gross National Product is measured as GDP plus income of residents from investments madeabroad minus income earned by foreigners in domestic market.

18. What is National Income?



A: National Income is the money value of all goods and services produced in a country during

the year.

19. What is Per Capita Income?

A: The national income of a country, or region, divided by its population. Per capita income is

often used to measure a country's standard of living.Per capita income during 2008-09 estimated

by CSO: Rs.25, 494.

20. What is Vote on Account?

A: A vote-on account is basically a statement ,where the government presents an estimate of a

sum required to meet the expenditure that it incurs during the first three to four months of anelection financial year until a new government is in place, to keep the machinery running.

21. Difference between Vote on Account and Interim Budget?

A: Vote-on-account deals only with the expenditure side of the government's budget, an interim

Budget is a complete set of accounts, including both expenditure and receipts.

22. What is SDR?

A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRsare allocated to member countries and can be fully converted into international currencies so theyserve as a supplement to the official foreign reserves of member countries. Its value is based on a

basket of key international currencies (U.S. dollar, euro, yen and pound sterling).

23. What is SEZ?



A: SEZ means Special Economic Zone is the one of the part of government‟s policies in India. A

special Economic zone is a geographical region that economic laws which are more liberal than

the usual economic laws in the country. The basic motto behind this is to increase foreign

investment, development of infrastructure, job opportunities and increase the income level of thepeople.

What is corporate governance?

The way in which a company is governed and how it deals with the various interests of its

customers, shareholders, employees and society at large. Corporate governance is the set of

processes, customs, policies, laws, and institutions affecting the way a corporation (or company)is directed, administered or controlled.Is defined as the general set of customs, regulations,

habits, and laws that determine to what end a firm should be run.

Functions of RBI?

The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in

accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission

submitted its report in the year 1926, though the bank was not set up for nine years.To regulatethe issue of Bank Notes and keeping of reserves with a view to securing monetary stability in

India and generally to operate the currency and credit system of the country to its advantage."

Banker to the Government: performs merchant banking function for the central and the state

governments; also acts as their banker.Banker to banks: maintains banking accounts of allscheduled banks.

What is monetary policy?

A Monetary policy is the process by which the government, central bank, of a country controls

(i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in

order to attain a set of objectives oriented towards the growth and stability of the economy.



What is Fiscal Policy?

Fiscal policy is the use of government spending and revenue collection to influence theeconomy. These policies affect tax rates, interest rates and government spending, in an effort to

control the economy. Fiscal policy is an additional method to determine public revenue and

public expenditure.

What is Core Banking Solutions?

Core banking is a general term used to describe the services provided by a group of networkedbank branches. Bank customers may access their funds and other simple transactions from any of

the member branch offices. It will cut down time, working simultaneously on different issues and

increasing efficiency. The platform where communication technology and informationtechnology are merged to suit core needs of banking is known as Core Banking Solutions.

What is bank and its features and types?

A bank is a financial organization where people deposit their money to keep it safe.Banks play

an important role in the financial system and the economy. As a key component of the financial

system, banks allocate funds from savers to borrowers in an efficient manner.

Regional Rural Banks were established with an objective to ensure sufficientinstitutional credit

for agriculture and other rural sectors. The RRBs mobilizefinancial resources from rural / semi-

urban areas and grant loans and advancesmostly to small and marginal farmers, agricultural

labourers and rural artisans.The area of operation of RRBs is limited to the area as notified byGoI coveringone or more districts in the State.Banking services for individual customers is

known as retail banking.A bank that deals mostly in but international finance, long-term loans

for companies and underwriting. Merchant banks do not provide regular banking services to thegeneral publicOnline banking (or Internet banking) allows customers to conduct

financialtransactions on a secure website operated by their retail or virtual bank.Mobile Banking

is a service that allows you to do banking transactions on yourmobile phone without making acall , using the SMS facility. Is a term used for performing balance checks, account transactions,



payments etc. via a mobile device such as a mobile phone. Traditional banking is the normal

bank accounts we have. Like, put your money in the bank and they act as a security and you willget only the normal interests (decided by RBI in our case, FED bank in US).Investment banking

is entirely different. Here, people who are having so much money (money in excess which will

yield only less interest if in Banks) will invest their money and get higher returns. For example,

If i have more money instead of taking the pain of investing in share market, buying propertiesetc. I will give to investment banks and they will do the money management and give me higher

returns when compared to traditional banks.

What is E-Governance?

E-Governance is the public sector‟s use of information and communication technologies with the

aim of improving information and service delivery, encouraging citizen participation in thedecision-making process and making government more accountable,transparent and effective.

What is Right to information Act?

The Right to Information act is a law enacted by the Parliament of India giving citizens of India

access to records of the Central Government and State overnments.The Act applies to all States

and Union Territories of India, except the State of Jammu and Kashmir - which is covered undera State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force

on 13 October 2005.

Credit Rating Agencies in India?

The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly

referred to the Investment Information and Credit Rating Agency of India Limited. Their mainfunction is to grade the different sector and companies in terms of performance and offer

solutions for up gradation. The credit rating agencies in India mainly include ICRA and

CRISIL(Credit Rating Information Services of India Limited)

What is Cheque?



Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified

account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a

specified banker and payable on demand.“Written order directing a bank to pay money”.

What is demand Draft?

A demand draft is an instrument used for effecting transfer of money. It is a Negotiable

Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust

a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. Cheque

is written by an individual and Demand draft is issued by a bank. People believe banks more than

individuals.

What is a NBFC?

A non-banking financial company (NBFC) is a company registered under the Companies Act,

1956 and is engaged in the business of loans and advances, acquisition of

shares/stock/bonds/debentures/securities issued by government, but does not include any

institution whose principal business is that of agriculture activity, industrial activity,sale/purchase/construction of immovable property.NBFCs are doing functions akin to that of

banks; however there are a few differences:

(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository

institution that are payable on demand -- immediately or within a very short period -- like your

current or savings accounts.)

(ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its

customers; and

(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of

banks.



Diff between banking & Finance?

Finance is generally related to all types of financial, this could be accounting, insurances andpolicies. Whereas banking is everything that happens in a bank only.The term Banking and

Finance are two very different terms but are often associated together. These two terms are often

used to denote services that a bank and other financial institutions provide to its customers.

What is NASSCOM ?

The National Association of Software and Services Companies (NASSCOM), the Indianchamber of commerce is a consortium that serves as an interface to the Indian software industry

and Indian BPO industry. Maintaining close interaction with the Government of India in

formulating National IT policies with specific focus on IT software and services maintaining astate of the art information database of IT software and services related activities for use of both

the software developers as well as interested companies overseas.

What is ASSOCHAM?

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier

apex chamber covers a membership of over 2 lakh companies and professionals across the

country. It was established in 1920 by promoter chambers, representing all regions of India. Asan apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces

with Government on policy issues and interacts with counterpart international organizations to

promote bilateral economic issues.

What is NABARD?

NABARD was established by an act of Parliament on 12 July 1982 to implement the NationalBank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit

Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and



Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency

to provide credit in rural areas. NABARD is set up as an apex Development Bank with amandate for facilitating credit flow for promotion and development of agriculture, small-scale

industries, cottage and village industries, handicrafts and other rural crafts.

What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid the growth anddevelopment of micro, small and medium scale industries in India. Set up in 1990 through an act

of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial

Development Bank of India.

What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay

(Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used themarket capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded

stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF

NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”.

An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.

What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the Government of

India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian

Parliament. Chaired by C B Bhave.

What is Mutual funds?



Mutual funds are investment companies that pool money from investors at large and offer to sell

and buy back its shares on a continuous basis and use the capital thus raised to invest insecurities of different companies. The mutual fund will have a fund manager that trades the

pooled money on a regular basis. The net proceeds or losses are then typically distributed to the

investors annually.

What is Asset Management Companies?

A company that invests its clients' pooled fund into securities that match its declared financial

objectives. Asset management companies provide investors with more diversification and

investing options than they would have by themselves. Mutual funds, hedge funds and pension

plans are all run by asset management companies. These companies earn income by charging

service fees to their clients.

What are non-perfoming assets?

Non-performing assets, also called non-performing loans, are loans,made by a bank or finance

company, on which repayments or interest payments are not being made on time. A debt

obligation where the borrower has not paid any previously agreed upon interest and principal

repayments to the designated lender for an extended period of time. The nonperforming asset istherefore not yielding any income to the lender in the form of principal and interest payments.

What is Recession?

A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is

negative for a period of two or more consecutive quarters.

What is foreign exchange reservers?



Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign

currency deposits and bonds held by central banks and monetary authorities.However, the termin popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve

positions.

What is Open Market operations(OMO)?

The buying and selling of government securities in the open market in order to expand orcontract the amount of money in the banking system by RBI. Open market operations are the

principal tools of monetary policy.

What is Micro Credit?

It is a term used to extend small loans to very poor people for self-employment projects that

generate income, allowing them to care for themselves and their families.

What is Liquidity Adjustment Facility(LAF)?

A tool used in monetary policy that allows banks to borrow money through repurchase

agreements. This arrangement allows banks to respond to liquidity pressures and is used bygovernments to assure basic stability in the financial markets.

What is RTGS System?

The acronym 'RTGS' stands for Real Time Gross Settlement. RTGS system is a funds transfer

mechanism where transfer of money takes place from one bank to another on a 'real time' and on

'gross' basis. This is the fastest possible money transfer system through the banking channel.Settlement in 'real time' means payment transaction is not subjected to any waiting period. The

transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is

settled on one to one basis without bunching with any other transaction.



What is Bancassurance?

It is the term used to describe the partnership or relationship between a bank and an insurancecompany whereby the insurance company uses the bank sales channel in order to sell insurance

products.

What is Wholesale Price Index ?

The Wholesale Price Index (WPI) is the index used to measure the changes in the average pricelevel of goods traded in wholesale market. A total of 435 commodity prices make up the index. Itis available on a weekly basis. It is generally taken as an indicator of the inflation rate in the

Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and was

used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.

What is Consumer price Index(CPI)?

It is a measure estimating the average price of consumer goods and services purchased byhouseholds.

What is Venture Capital?

Venture capital is money provided by an outside investor to finance a new, growing, or troubled

business. The venture capitalist provides the funding knowing that there‟s a significant risk associated with the company‟s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan, and the investor hopes the investment

will yield a better-than-average return.

What is a Treasury Bills?



Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve

Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing

short-term liquidity. At present, the Government of India issues three types of treasury bills

through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued byState Governments.

What is Banking Ombudsmen Scheme?

The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank

customers for resolution of complaints relating to certain services rendered by banks.The

Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redresscustomer complaints against deficiency in certain banking services.The Banking Ombudsman

Scheme was first introduced in India in 1995, and was revised in 2002. The current schemebecame operative from the 1 January 2006, and replaced and superseded the banking

Ombudsman Scheme 2002.

What is Subsidy?

A subsidy is a form of financial assistance paid to a business or economic sector. Most subsidies

are made by the government to producers or distributors in an industry to prevent the decline of that industry or an increase in the prices of its products or to encourage it to hire more labor.

What is a Debenture? How many types of debentures are there? What are they?

A debenture is basically an unsecured loan to a corporation. A type of debt instrument that is notsecured by physical asset. Debentures are backed only by the general creditworthiness and

reputation of the issuer.

i)Convertible Debentures: Any type of debenture that can be converted into some other security

or it can be converted into stock..



It defines at one can import and export goods or receive or make payments for services rendered.

However, investments and borrowings are restricted.

What is Arbitrage?

The opportunity to buy an asset at a low price then immediately selling it on a different marketfor a higher price.

What is Capitalism?

Capitalism as an economy is based on a democratic political ideology and produces a free market

economy, where businesses are privately owned and operated for profit; in capitalism, all of the

capital investments and decisions about production, distribution, and the prices of goods,services, and labor, are determined in the free market and affected by the forces of supply and

demand.

What is Socialism?

Socialism as an economy is based on a collectivist type of political ideology and involves the

running of businesses to benefit the common good of a vast majority of people rather than of a

small upper class segment of society.



UNO - New York

UNICEF - New York

UNESCO - Paris

UNIDO - Vienna

WHO - Geneva

UNFPA - New York

ILO - Geneva

IMF - Washington DC

WTO - Geneva

International Court Of Justice - The Hague

International Atomic Energy Agency - Vienna

World Bank - Washington D.C.



International Committee of the Red Cross - Geneva

International Maritime Organisation - London

Universal Postal Union - Berne

Food and Agricultural Organisation - Rome

World Meteorological Organisation - Geneva

SAARC - Kathmandu

Amnesty International - London

Transparency International --- Berlin

World Intellectual Property Organization ------- Geneva

International Renewable Energy Agency Abu Dhabi (UAE) (Interim HQs)

Commonwealth of Nations ----- London



International Standards Organisation------- Geneva



ORGNIZATION MD/CHAIRMAN

RBI DR.D SUBBARAO(GOVERNOR)

NABARD PRAKASH BAKSHI(CHAIRMAN)

EXPORT-IMPORT BANK T.C.A.RANGANATHAN(CHAIRMAN-MD)

NATIONAL HOUSING BANK R.V. VERMA(CHAIRMAN-MD)

IDBI R.M. MALLA(CHAIRMAN -MD)

IFCI LTD. ATUL KUMAR RAI(CEO-MD)

SIDBI SUSHIL MUHNOT(CHAIRMAN-MD)

UTI PRITHVI HALDEA((MD)

GIC YOGESH LOHIYA(C-MD)

SEBI U.K.SINHA(CHAIRMAN)

CBDT M.C. JOSHI(CHAIRMAN)

CBEC S.DUTT MAJUMDAR(CHAIRMAN)

IBPS M.VISHWANATHANNAIR(CHAIRMAN)

IBPS M.BALACHANDRAN(DIRECTOR)

sbi pradeep chaudhary



Punch Lines of major Banks in India

Hum Hai Na:ICICI

Good People To Grow With: Indian Overseas Bank

With You All The Way:State Bank Of India

Tradition Of Trust:Allahabad Bank

Trusted Family Bank ena Bank

Good People To Bank With:Union Bank Of India

World‟s Local Bank:HSBC

We Understand Your World:HDFC

Much More To Do With YOU In Focus:Andhra Bank

A Friend You Can Bank Upon:Vijaya Bank

Together We Prosper:Bank Of Rajasthan

Your Perfect Banking Partner:Federal Bank

Taking Banking Technology To The Common Man:Indian Bank

Experience Our Expertise:Yes Bank

Build A Better Life Around Us:Central Bank Of India

Serving To Empower:J & K Bank

The Changing Face Of Prosperity:Lakshami Vilas Bank

Where Every Individual Is Committed:Oreintal Bank Of Commerce

Aao Soche Bada:IDBI

A Faithful & Friendly Financial Partner:Syndicate Bank



Relationships Beyond Banking:Bank Of India

Honours Your Trust:Uco Bank

Smart Way To Bank:Karur Vaisya Bank

A Passion To Perform : Deutche Bank

Experience Next Generation Banking:South Indian Bank

The Name You Can Bank Upon Punjab National Bank



Government Schemes in India(figures are not update for current budget year please do the

needful)

1. Pradhan Mantri Gram Sadak Yojana(PMGSY):

ü Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched on 25th December 2000.

ü It is a nationwide plan in India to provide good all-weather road connectivity to unconnected

villages of more than 500 persons in the rural areas (250 persons in the hilly and desert areas).

ü It is a 100% Centrally Sponsored Scheme.

ü Allocations under Pradhan Mantri Gram Sadak Yojana (PMGSY) increased by 59 per

to Rs.12,000 crore in the Union Budget 2009-10.

2. Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY):

ü It was launched on 4th April 2005 for attaining the National Common Minimum Programme

(NCMP) goal of providing access to electricity to all households in the country in five yearsby merging “Accelerated Electrification of one lakh Villages and one crore Households” and the“Minimum Needs Programme (MNP)”.

ü Under the programme, 90% grant is provided by Govt. of India and 10% as loan by Rural

Electrification Corporation (REC) to the State Governments.

ü Rural Electrification Corporation (REC) is the nodal agency for the programme.

ü The scheme aims at electrification of over 1 lakh un-electrified villages and providing

electricity connections to 2.34 crore rural households. The estimated cost of the scheme is

approximately Rs. 51,000 crore.

ü All the BPL families are eligible for free connections under the scheme.

ü Allocation under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) increased by 27%

to Rs.7000cr in the Union Budget 2009-10.

3. Indira Awaas Yojana(IAY):

ü Indira Awaas Yojana (IAY) was launched during 1985-86 as a sub-scheme of Rural LandlessEmployment Guarantee Programme (RLEGP) and continued as a sub-scheme of Jawahar Rozgar

Yojana (JRY) since its launching from April, 1989.



ü It has been delinked from the JRY and has been made an independent scheme with effect from

January 1, 1996.

ü The objective of IAY is primarily to provide grant for construction of houses to members of

Scheduled Castes/Scheduled Tribes, freed bonded labourers and also to non-SC/ST rural people

living below poverty line.

ü Funding of IAY is shared between the Centre & State in the ratio of 75:25.

ü The financial assistance provided for new construction under IAY is Rs.35,000/- per unit forthe plain areas & Rs.38,500/- for the hilly/difficult areas.

ü Allocation under Indira Awaas Yojana (IAY) increased by 63% to 8,800 cr in the Union

Budget 2009-10.

4. Bharat Nirman:

ü Bharat Nirman, a programme to build rural infrastructure, was launched by the Government

of India in 2005.

ü Phase I of the programme was implemented in the period 2005-06 to 2008-09. Phase II is

being implemented from 2009-10 to 2011-12.

ü Bharat Nirman comprises of six components:

i)Irrigation

ii)Rural Roads

iii)Rural Housing

iv)Rural Drinking Water Supply

v)Rural Electrification

vi)Telephone Connectivity.

ü Pradhan Mantri Gram Sadak Yojana(PMGSY) for Rural Roads , Rajiv Gandhi VidyutikaranYojana(RGVY) for Rural Electrification & Indira Awas Yojana(IWY) for Rural Housing come

under Bharat Nirman.

ü Bharat Nirman programme of six schemes for the development of rural infrastructure is being

stepped up by 45% in Union Budget 2009-10.



5. Pradhan Mantri Adarsh Gram Yojana(PMAGY):

ü It is a new scheme launched in the Union Budget 2009-10 by the Union Government on a

pilot basis for integrated development 0f 1,000 villages, each having more than 50% SCpopulation.

ü There are about 44,000 villages in which the population of scheduled castes is above 50 per

cent.

ü If the pilot scheme is successful the scheme will be expanded to remaining villages.

ü An amount of Rs.100 crore has been allocated for this Scheme in the Union Budget 2009-10.

6. National Rural Health Mission (NRHM):

ü The National Rural Health Mission (NRHM), launched in 2006 as the central government

flagship project that would dramatically change the healthcare system in rural India.

ü The objective of National Rural Health Mission (NRHM) is to provide accessible, affordable,accountable, effective and reliable health care, especially to the poor and the vulnerable sections

of the population in rural areas.

ü The NRHM covers the entire country, with special focus on 18 States where the challenge of

strengthening poor public health systems and thereby improving key health indicators is thegreatest.

ü Allocation under National Rural Health Mission (NRHM) increased by Rs.2,057 crore

amounting to 14,064 crore in the Union Budget 2009-10.

7. Accredited Social Health Activist (ASHA):

ü One of the key components of the National Rural Health Mission is to provide every village in

the country with a trained female community health activist – „ASHA‟ or Accredited SocialHealth Activist for every village with a population of 1000.

ü ASHA will take steps to create awareness and she will counsel women on birth preparedness,

importance of safe delivery, breastfeeding and complementary feeding, immunization,

contraception and prevention of common infections including Reproductive Tractinfection/Sexually Transmitted Infection (RTIs/STIs) and care of the young child.



ü The ASHA will be trained to work as an interface between the community and the public

health system.

ü ASHA must primarily be a woman resident of the village – married/ widowed/ divorced,

preferably in the age group of 25 to 45 years.

8. National Rural Employment Guarantee Act(NREGA):

ü The National Rural Employment Guarantee Act or NREGA is an Indian job

guarantee scheme, enacted by legislation on August 25, 2005.

ü This act was introduced with an aim of improving the purchasing power of the rural people,

primarily semi or un-skilled work to people living in rural India, whether or not they are below

the poverty line.

ü The scheme provides a legal guarantee for one hundred days of employment in every

financial year to adult members of any rural household willing to do public work-relatedunskilled manual work at the statutory minimum wage of Rs.100 per day.

ü The NREGA achieves twin objectives of rural development and employment.

ü Around one-third of the stipulated work force must be women.

ü The scheme started from February 2, 2006 in 200 districts, was expanded to cover another 130

districts in 2007-2008 and eventually covered all 593 districts in India in 2008.

ü It has been renamed as Mahatma Gandhi Rural Employment Guarantee Act on 2nd October,

2009.

ü Allocation under NREGS increased by 144% to 39,100 cr in the Union Budget 2009-10.

9. Sarva Siksha Abhiyan(SSA):

ü The scheme of SSA was launched in 2001.

ü It is a flagship programme of the Government of India pioneered by Atal Bihari Vajpayee forachievement of universalization of elementary education in a time bound manner.

ü The Abhiyan is to provide useful and relevant elementary education for children in the 6-14age group by 2010.



ü The assistance under the programme of Sarva Shiksha Abhiyan was on a 85:15 sharing

arrangement during the Ninth Plan, 75:25 sharing arrangement during the Tenth Plan, and 50:50sharing thereafter between the Central Government and the State Government except for

8 NE states.

ü The programme covers the entire country with special focus on educational needs of girls, SCs/STs and other children in difficult circumstances.

ü The programme seeks to open new schools in those places which do not have schooling

facilities and strengthen existing school infrastructure through provision of additional class

rooms, toilets, drinking water, maintenance grant and school improvement grant.

10. Rashtriya Madhyamik Shiksha Abhiyan(RMSA):

ü Rashtriya Madhyamik Shiksha Abhiyan (RMSA) which is the most recent initiative of Government of India to achieve the goal of universalisation of secondary education (USE) -

classes VIII to X.

ü The Sarva Shiksha Abhiyaan program set up by the government to bring elementary

education to millions of children has been successful to a large extent, and has thus created aneed for strengthening secondary education infrastructure across the country.

ü In Jan 2009 CCEA (Cabinet Committee on Economic Affairs) approved the implementation.

ü It is announced in 2007 and it is proposed to implement during 11th Five Year plan

ü Rs.20,120 crore has been allocated for the Scheme during the 11th Five Year Plan



Types of Banks in India -

What is a Bank?

A Bank is a financial organization which accepts deposits that can be withdrawn on

demand and also lends money to individuals and business houses that need it.

Structure of banking sector in India:

What is RBI?

The RBI is India's central bank. The Reserve Bank of India was established on April 1, 1935 inaccordance with the provisions of the Reserve Bank of India Act, 1934.

RBI acts as a banker to the Government and Banks.

The Central Bank maintains record of Government revenue and expenditure under various heads.It maintains deposit accounts of all other banks and advances money to other banks, when

needed.

Another important function of the Central Bank is the issuance of currency notes, regulating their

circulation in the country by different methods.

What is Scheduled Bank?

All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 arescheduled banks.

These banks comprise Scheduled Commercial Banks and Scheduled Cooperative Banks. Thetype of banks comes under these Scheduled Commercial Banks and Scheduled Cooperative

Banks can be seen in the above figure.

All most all banks are Scheduled banks in India.

What are Commercial Banks?

Commercial banks may be defined as, any banking organization that deals with the deposits and

loans of business organizations



Commercial banks issue bank checks and drafts, as well as accept money on term deposits.

Commercial banks also act as moneylenders, by way of installment loans and overdrafts.

Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and

time deposit. These institutions are run to make a profit and owned by a group of individuals.

Types of Loans offered by Commercial banks:

1)Secured Loan: A secured loan is one where the borrower provides a certain property or asset as

collateral against the loan. The main condition of these loans is that if the loan remains unpaid,the bank has the right to use the property in any way they like to realize the outstanding amount.

2)Unsecured Loan: Unsecured loans have no collateral and therefore command higher interest

rates. There are a variety of unsecured loans available today and these include credit cars, credit

facilities such as a lines of credit, corporate bonds, and bank overdrafts.

3)Mortgage Loans: Mortgage loans that are provided by commercial banks are similar to securedloans but are used specifically to buy real estate property for commercial purposes. In most of

these cases, the banks hold a lien on the title to the particular property purchased with the loan. If

the borrower is unable to pay the loan back, the bank leverages this item against the loan togenerate funds or recover the principal.

What are Public Sector Banks?

These are banks where majority stake is held by the Government of India.

Examples of public sector banks are: SBI, Bank of India, Canara Bank, etc.

What are Private Sector Banks?

These are banks majority of share capital of the bank is held by private individuals. These banks

are registered as companies with limited liability.

Examples of private sector banks are: ICICI Bank, Axis bank, HDFC, etc.

What are Foreign Banks?



These banks are registered and have their headquarters in a foreign country but operate their

branches in our country.

Examples of foreign banks in India are: HSBC, Citibank, Standard Chartered Bank, etc.

What are Regional Rural Banks?

Regional Rural Banks were established under the provisions of an Ordinance promulgated on the

26th September 1975 and the RRB Act, 1976 with an objective to ensure sufficient institutional

credit for agriculture and other rural sectors. The area of operation of RRBs is limited to the areaas notified by GoI covering one or more districts in the State.

RRBs are jointly owned by GoI, the concerned State Government and Sponsor Banks (27

scheduled commercial banks and one State Cooperative Bank); the issued capital of a RRB is

shared by the owners in the proportion of 50%, 15% and 35% respectively.

Prathama bank is the first Regional Rural Bank in India located in the city Moradabad in UttarPradesh.

What are Cooperative Banks?

A co-operative bank is a financial entity which belongs to its members, who are at the same time

the owners and the customers of their bank. Co-operative banks are often created by persons

belonging to the same local or professional community or sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial

services (loans, deposits, banking accounts, etc).

They provide limited banking products and are specialists in agriculture-related products.

Cooperative banks are the primary financiers of agricultural activities, some small-scale

industries and self-employed workers.

Co-operative banks function on the basis of "no-profit no-loss".

Anyonya Co-operative Bank Limited (ACBL) is the first co-operative bank in India located inthe city of Vadodara in Gujarat.

How Bank gets Money?



Banks make money by lending your money out at interest and by charging you for services

provided. Banks keep on lending money.

The other big revenue items generated by banks are the fees they charge. Bank charge for every

service, whether it is for an electronic transaction, or permitting a transfer through the Internet

banking system.

When banks get profits they invest in other companies and in return they will get money

Banking Terms

1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have

any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banksto get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more

expensive.

2. What is Reverse Repo Rate?

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of

India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much

money floating in the banking system. Banks are always happy to lend money to RBI since their

money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banksto transfer more funds to RBI due to this attractive interest rates.

3. What is CRR Rate?

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down.

RBI is using this method (increase of CRR rate), to drain out the excessive money from the

banks.

4. What is SLR Rate?

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in theform of cash, or gold or govt. approved securities (Bonds) before providing credit to its

customers.



SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control

the expansion of bank credit. SLR is determined as the percentage of total demand andpercentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay

to the customers on their anytime demand. SLR is used to control inflation and propel growth.

Through SLR rate tuning the money supply in the system can be controlled efficiently.

5. What is Bank Rate?

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank

charges on the loans and advances that it extends to commercial banks and other financial

intermediaries. Changes in the bank rate are often used by central banks to control the money

supply.

6. What is Inflation?

A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian

economy. An increase in inflation figures occurs when there is an increase in the average level of

prices in Goods and services. Inflation happens when there are fewer Goods and more buyers;this will result in increase in the price of Goods, since there is more demand and less supply of

the goods.

7. What is Deflation?

A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs whenthe inflation rate becomes negative (below zero) and stays there for a longer period.

8. What is PLR?

A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy

customers (usually the most prominent and stable business customers). The rate is almost always

the same amongst major banks. Adjustments to the prime rate are made by banks at the sametime; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually

adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates

reported below are based upon the prime rates on the first day of each respective month. Somebanks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending

Rate.



9. What is Deposit Rate?

A: Interest Rates paid by a depository institution on the cash on deposit.

Policy Rates:

· Bank Rate: 6.00%

· Repo Rate: 8.50%

· Reverse Repo Rate: 7.50%

Reserve Ratios:

· CRR: 6.00%

· SLR: 24.0%

Lending/Deposit Rates:

· Base rate: 10.00 %-10.75%

· Deposit Rate: 8.50% -9.25%.

. Savings Bank rate: 4.0 %.

Note: Rates as on 10-11-2011 & Source: RBI WEBSITE

10. What is FII?

A: FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an

institution. An institution established outside India, which proposes to invest in Indian market, inother words buying Indian stocks. FII's generally buy in large volumes which has an impact on

the stock markets. Institutional Investors includes pension funds, mutual funds, InsuranceCompanies, Banks, etc.

11. What is FDI?

A: FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or asignificant amount of ownership (stock) of a company in another country in order to gain a

measure of management control” (Or) A foreign company having a stake in a Indian Company.



12. What is IPO?

A: IPO is Initial Public Offering. This is the first offering of shares to the general public from a

company wishes to list on the stock exchanges.

13. What is Disinvestment?

A: The Selling of the government stake in public sector undertakings.

14. What is Fiscal Deficit?

A: It is the difference between the government‟s total receipts (excluding borrowings) and totalexpenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP.

15. What is Revenue deficit?

A: It defines that, where the net amount received (by taxes & other forms) fails to meet thepredicted net amount to be received by the government. Revenue deficit in 2009-10 is proposed

at 4.8% of GDP.

16. What is GDP?

A: The Gross Domestic Product or GDP is a measure of all of the services and goods produced

in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%.

17. What is GNP?

A: Gross National Product is measured as GDP plus income of residents from investments made

abroad minus income earned by foreigners in domestic market.

18. What is National Income?



A: National Income is the money value of all goods and services produced in a country during

the year.

19. What is Per Capita Income?

A: The national income of a country, or region, divided by its population. Per capita income is

often used to measure a country's standard of living.Per capita income during 2008-09 estimated

by CSO: Rs.25, 494.

20. What is Vote on Account?

A: A vote-on account is basically a statement ,where the government presents an estimate of a

sum required to meet the expenditure that it incurs during the first three to four months of anelection financial year until a new government is in place, to keep the machinery running.

21. Difference between Vote on Account and Interim Budget?

A: Vote-on-account deals only with the expenditure side of the government's budget, an interim

Budget is a complete set of accounts, including both expenditure and receipts.

22. What is SDR?

A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs

are allocated to member countries and can be fully converted into international currencies so theyserve as a supplement to the official foreign reserves of member countries. Its value is based on a

basket of key international currencies (U.S. dollar, euro, yen and pound sterling).

23. What is SEZ?

A: SEZ means Special Economic Zone is the one of the part of government‟s policies in India. Aspecial Economic zone is a geographical region that economic laws which are more liberal than

the usual economic laws in the country. The basic motto behind this is to increase foreign

investment, development of infrastructure, job opportunities and increase the income level of the

people



24.What is Open Market operations(OMO)?

The buying and selling of government securities in the open market in order to expand or

contract the amount of money in the banking system by RBI. Open market operations are the

principal tools of monetary policy.

25.What is Micro Credit?

It is a term used to extend small loans to very poor people for self-employment projects that

generate income, allowing them to care for themselves and their families.

26.What is Liquidity Adjustment Facility(LAF)?

A tool used in monetary policy that allows banks to borrow money through repurchaseagreements. This arrangement allows banks to respond to liquidity pressures and is used by

governments to assure basic stability in the financial markets.

27.What is RTGS System?

The acronym 'RTGS' stands for Real Time Gross Settlement. RTGS system is a funds transfermechanism where transfer of money takes place from one bank to another on a 'real time' and on

'gross' basis. This is the fastest possible money transfer system through the banking channel.Settlement in 'real time' means payment transaction is not subjected to any waiting period. The

transactions are settled as soon as they are processed. 'Gross settlement' means the transaction issettled on one to one basis without bunching with any other transaction.

28.What is Bancassurance?

It is the term used to describe the partnership or relationship between a bank and an insurance

company whereby the insurance company uses the bank sales channel in order to sell insurance

products.

29.What is Wholesale Price Index(WPI)?

The Wholesale Price Index (WPI) is the index used to measure the changes in the average price

level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It



is available on a weekly basis. It is generally taken as an indicator of the inflation rate in the

Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and wasused by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.

30.What is Consumer price Index(CPI)?

It is a measure estimating the average price of consumer goods and services purchased by

households.

31.What is Venture Capital?

Venture capital is money provided by an outside investor to finance a new, growing, or troubled

business. The venture capitalist provides the funding knowing that there‟s a significant risk associated with the company‟s future profits and cash flow. Capital is invested in exchange for

an equity stake in the business rather than given as a loan, and the investor hopes the investmentwill yield a better-than-average return.

32.What is a Treasury Bills?

Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve

Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing

short-term liquidity. At present, the Government of India issues three types of treasury billsthrough auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by

State Governments.

33.What is Banking Ombudsmen Scheme?

The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank

customers for resolution of complaints relating to certain services rendered by banks.

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redresscustomer complaints against deficiency in certain banking services.

The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in

2002. The current scheme became operative from the 1 January 2006, and replaced and

superseded the banking Ombudsman Scheme 2002.



34.What is Subsidy?

A subsidy is a form of financial assistance paid to a business or economic sector. Most subsidies

are made by the government to producers or distributors in an industry to prevent the decline of

that industry or an increase in the prices of its products or to encourage it to hire more labor.

35.What is a Debenture? How many types of debentures are there? What are they?

A debenture is basically an unsecured loan to a corporation. A type of debt instrument that is not

secured by physical asset. Debentures are backed only by thegeneral creditworthiness and reputation of the issuer.

i)Convertible Debentures: Any type of debenture that can be converted into some other security

or it can be converted into stock..

ii)Non-Convertibility Debentures(NCB): Non Convertible Debentures are those that cannot be

converted into equity shares of the issuing company, as opposed to Convertible debentures. Non-convertible debentures normally earn a higher interest rate than convertible debentures do.

36.What is a hedge fund?

„Hedge‟ means to reduce financial risk.

A hedge fund is an investment fund open to a limited range of investors and requires a verylarge initial minimum investment. It is important to note that hedging is actually the practice of

attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment.

37.What is FCCB?

A Foreign Currency Convertible Bond (FCCB) is a type of convertible bond issued in a currency

different than the issuer‟s domestic currency. In other words, the money being raised by the

issuing company is in the form of a foreign currency. A company may issue an FCCB if it

intends to make a large investment in a country using that foreign currency.

38.What is Capital Account Convertibility(CAC)?



It is the freedom to convert local financial assets into foreign financial assets and vice versa at

market determined rates of exchange. This means that capital account convertibility allowsanyone to freely move from local currency into foreign currency and back.

The Reserve Bank of India has appointed a committee to set out the framework for fuller Capital

Account Convertibility.

Capital account convertibility is considered to be one of the major features of a developed

economy. It helps attract foreign investment. capital account convertibility makes it easier for

domestic companies to tap foreign markets.

39.What is Current Account Convertibility?

It defines at one can import and export goods or receive or make payments for services rendered.

However, investments and borrowings are restricted.

40.What is Arbitrage?

The opportunity to buy an asset at a low price then immediately selling it on a different market

for a higher price.

41.What is Capitalism?

Capitalism as an economy is based on a democratic political ideology and produces a free market

economy, where businesses are privately owned and operated for profit; in capitalism, all of the

capital investments and decisions about production, distribution, and the prices of goods,

services, and labor, are determined in the free market and affected by the forces of supply anddemand.

42.What is Socialism?

Socialism as an economy is based on a collectivist type of political ideology and involves the

running of businesses to benefit the common good of a vast majority of people rather than of asmall upper class segment of society.

OTHER IMP DATA (some would be repetitive):



What is corporate governance?

The way in which a company is governed and how it deals with the various interests of its

customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company)is directed, administered or controlled.Is defined as the general set of customs, regulations,

habits, and laws that determine to what end a firm should be run.

Functions of RBI?

The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in

accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of

India was set up on the recommendations of the Hilton Young Commission. The commissionsubmitted its report in the year 1926, though the bank was not set up for nine years.To regulate

the issue of Bank Notes and keeping of reserves with a view to securing monetary stability inIndia and generally to operate the currency and credit system of the country to its advantage."

Banker to the Government: performs merchant banking function for the central and the state

governments; also acts as their banker.Banker to banks: maintains banking accounts of all

scheduled banks.

What is monetary policy?

A Monetary policy is the process by which the government, central bank, of a country controls

(i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in

order to attain a set of objectives oriented towards the growth and stability of the economy.

What is Fiscal Policy?

Fiscal policy is the use of government spending and revenue collection to influence the

economy. These policies affect tax rates, interest rates and government spending, in an effort to

control the economy. Fiscal policy is an additional method to determine public revenue andpublic expenditure.

What is Core Banking Solutions?



Core banking is a general term used to describe the services provided by a group of networked

bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and

increasing efficiency. The platform where communication technology and information

technology are merged to suit core needs of banking is known as Core Banking Solutions.

What is bank and its features and types?

A bank is a financial organization where people deposit their money to keep it safe.Banks play

an important role in the financial system and the economy. As a key component of the financial

system, banks allocate funds from savers to borrowers in an efficient manner.

Regional Rural Banks were established with an objective to ensure sufficient

institutional credit for agriculture and other rural sectors. The RRBs mobilize

financial resources from rural / semi-urban areas and grant loans and advances

mostly to small and marginal farmers, agricultural labourers and rural artisans.

The area of operation of RRBs is limited to the area as notified by GoI covering

one or more districts in the State.

ii. Banking services for individual customers is known as retail banking.

iii. A bank that deals mostly in but international finance, long-term loans for companies andunderwriting. Merchant banks do not provide regular banking

services to the general public

iv. Online banking (or Internet banking) allows customers to conduct financial

transactions on a secure website operated by their retail or virtual bank.

v. Mobile Banking is a service that allows you to do banking transactions on your

mobile phone without making a call , using the SMS facility. Is a term used for

performing balance checks, account transactions, payments etc. via a mobile

device such as a mobile phone.



vi. Traditional banking is the normal bank accounts we have. Like, put your money in the bank

and they act as a security and you will get only the normal interests (decided by RBI in our case,FED bank in US).

vii. Investment banking is entirely different. Here, people who are having so much

money (money in excess which will yield only less interest if in Banks) will invest

their money and get higher returns. For example, If i have more money instead of

taking the pain of investing in share market, buying properties etc. I will give to

investment banks and they will do the money management and give me higher

returns when compared to traditional banks.

What is E-Governance?

E-Governance is the public sector‟s use of information and communication technologies with theaim of improving information and service delivery, encouraging citizen participation in the

decision-making process and making government more accountable,transparent and effective.

What is Right to information Act?

The Right to Information act is a law enacted by the Parliament of India giving citizens of Indiaaccess to records of the Central Government and State overnments.The Act applies to all States

and Union Territories of India, except the State of Jammu and Kashmir - which is covered under

a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into forceon 13 October 2005.

Credit Rating Agencies in India?

The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerlyreferred to the Investment Information and Credit Rating Agency of India Limited. Their mainfunction is to grade the different sector and companies in terms of performance and offer

solutions for up gradation. The credit rating agencies in India mainly include ICRA and

CRISIL(Credit Rating Information Services of India Limited)



What is Cheque?

Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified

account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a

specified banker and payable on demand.“Written order directing a bank to pay money”.valid for

3 months.

What is demand Draft?

A demand draft is an instrument used for effecting transfer of money. It is a NegotiableInstrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust

a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. Cheque

is written by an individual and Demand draft is issued by a bank. People believe banks more than

individuals.valid for 6 months.

What is a NBFC?

A non-banking financial company (NBFC) is a company registered under the

Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any

institution whose principal business is that of agriculture activity, industrial activity,

sale/purchase/construction of immovable property.

NBFCs are doing functions akin to that of banks; however there are a few differences:

(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository

institution that are payable on demand -- immediately or within a very short period -- like your

current or savings accounts.)

(ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its

customers; and

(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of

banks.

Diff between banking & Finance?

Finance is generally related to all types of financial, this could be accounting, insurances and

policies. Whereas banking is everything that happens in a bank only.The term Banking and



Finance are two very different terms but are often associated together. These two terms are often

used to denote services that a bank and other financial institutions provide to its customers.

What is NASSCOM ?

The National Association of Software and Services Companies (NASSCOM), the Indian

chamber of commerce is a consortium that serves as an interface to the Indian software industry

and Indian BPO industry. Maintaining close interaction with the Government of India informulating National IT policies with specific focus on IT software and services maintaining a

state of the art information database of IT software and services related activities for use of both

the software developers as well as interested companies overseas. Mr. Rajendra S. Pawar as the

new Chairman of its Executive Council for the year 2011-2012 (April 26, 2011)

What is ASSOCHAM?

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier

apex chamber covers a membership of over 2 lakh companies and professionals across the

country. It was established in 1920 by promoter chambers, representing all regions of India. Asan apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces

with Government on policy issues and interacts with counterpart international organizations to

promote bilateral economic issues. The current president of ASSOCHAM is Mr. Dilip Modi.

What is NABARD?

NABARD was established by an act of Parliament on 12 July 1982 to implement the National

Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit

Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and

Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agencyto provide credit in rural areas. NABARD is set up as an apex Development Bank with a

mandate for facilitating credit flow for promotion and development of agriculture, small-scale

industries, cottage and village industries, handicrafts and other rural crafts.

What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and

development of micro, small and medium scale industries in India. Set up in 1990 through an act

of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial

Development Bank of India.



What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay

(Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used themarket capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most tradedstocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF

NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”.An index is basically an indicator it indicates whether most of the stocks have gone up or most of

the stocks have gone down.

What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the

Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 beingpassed by the Indian Parliament. Chaired by U.K.Sinha.

What is Mutual funds?

Mutual funds are investment companies that pool money from investors at large and offer to sell

and buy back its shares on a continuous basis and use the capital thus raised to invest in

securities of different companies. The mutual fund will have a fund manager that trades thepooled money on a regular basis. The net proceeds or losses are then typically distributed to the

investors annually.

What is Asset Management Companies?

A company that invests its clients' pooled fund into securities that match its declared financial

objectives. Asset management companies provide investors with more diversification and

investing options than they would have by themselves. Mutual funds, hedge funds and pension

plans are all run by asset management companies. These companies earn income by chargingservice fees to their clients.

What are non-perfoming assets?



Non-performing assets, also called non-performing loans, are loans,made by a bank or finance

company, on which repayments or interest payments are not being made on time. A debtobligation where the borrower has not paid any previously agreed upon interest and principal

repayments to the designated lender for an extended period of time. The nonperforming asset is

therefore not yielding any income to the lender in the form of principal and interest payments.

What is Recession?

A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is

negative for a period of two or more consecutive quarters.

What is foreign exchange reservers?

Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign

currency deposits and bonds held by central banks and monetary authorities.However, the termin popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions



LCR =LEVERAGE COVERAGE RATIO

CAR= CAPITAL ADEQUACY RATIO

CRAR= CAPITAL TO RISK ASSETS RATIO

NBFC= NON BANKING FINANCIAL ASSETS RATIO

BPC= BEST PRACTISE CODE

ALM= ASSET LIABITITY MANGEMENT

SEBI = SECURITY AND EXCHANGE BOARD OF INDIA

IPO= INITIAL PUBLIC OFFERING

DEMAT= DEMATERIALISATION

ASBA= APPLICATION SUPPORTED BY BLOCK AMOUNT

BCBS= BASAL COMMITTEE ON BANKING SUPERVISION

DIPP= DEPARTMENT OF POLICY AND PROMOTION

FEMA=FOREIGN EXCHANGE REGULATION ACT

FERA= FOREIGN EXCHANGE REGULATION ACT

CDMA = CODE MULTIPLE ACCESS

GSM =GLOBAL SYSTEM OF MOBIL

POS = POINT OF SALE

CRISIL= CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED

ICRA= INFORMATION AND CREDITED RATING AGENCY OF INDIA LTD

CARE= CREDIT ANALYSIS AND RESEARCH LTD

IFRS = INTERNATIONAL FINANCE REPORTING STANDERS

FSDS = FINANCIAL STABILITY AND DEVELOPMENT COUNCILE

LIBOR= LONDON INTER BANK OFFERED RATE



FSDC= FINANCIAL STABILITY AND DEVELOPMENT COUNCIL

India Ranks

1st in the production of milk and milk products

1st producing about 3000kgs per hectare yield of wheat, surpassing U.S.A

1st in cellphone usage

1st in postal network

2nd in population

2nd in world‟s coconut production – the first being Philippines

2nd being the biggest producer of silk – first being China

2nd in Tobacco production – the first being U.S.A

2nd being the largest producer of rice and cotton yarn

3rd being the largest producer of Castor in the world

4th place in cotton production

5th in egg production

7th with regard to area in the world

8th in fish catching, while Japan leads the world

17th among countries of the world in shipping tonnage

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India has largest mileage of canals in the world



More than half of world‟s tea comes from India alone

More than half of the groundnut area and production is from India alone

More than 1/3rd of the worlds sugarcane area is in India

India has 1/6th of the world population of sheep

current affairs for ibps

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