Friday 30 September 2011

Current Affairs(With Reference to Banking Industry)


1. Which among the following organization compiles the Global Hunger Index (GHI)?
(A)United Nations World Food Programme
(B)United Nations Development Programme
(C)International Food Policy Research Institute (IFPRI)
(D)Food and Agriculture Organization of United Nations

2. As per reports published in several business newspapers, which among the
following is the largest regional emerging market in the world?
[A]ASEAN–China Free Trade Area
[B]ASEAN–India Free Trade Area
[C]Mercosur
[D]Asia-Pacific Trade Agreement

3. Which among the following is the main industry of MENA region of the World?
[A]Manufacturing
[B]Petroleum
[C]Mines and Minerals
[D]Tourism & Hospitality

4. If the government chooses to spend money freshly printed by the RBI against
government securities, it should be kept in which among the following?
[A]Fiscal adjustment
[B]Deficit Financing
[C]Mandatory spending
[D]Retrenchment


5. Lending rates are expected to rise further in the coming months because the
Reserve Bank of India (RBI) is likely to ………………….. Which among the following
would fill the space correctly?
(A)Increase policy rates
(B)Decrease Policy Rates
(C)Conduct Open Market Operations
(D)Conduct Repo Auctions

6. Recently we read in the newspapers that in the country , there are undoubtedly,
negative risks to the fiscal deficit target of 4.6 per cent for 2011-12. Which among the
following does not poses such risk to the fiscal deficit targets?
(A)The higher Fuels, Food and Fertilizers prices
(B)Burden of Subsidy
(C)Low collection of Tax Revenue
(D)Lower external commercial borrowings

7. Recently, Kaushik Basu said that “Short-term growth can be compromised to
contain higher inflation rate as the country needs to retain long-term growth
prospects of the economy”. Who is Kaushik Basu?
(A)Deputy Governor of RBI
(B)Member of Planning Commission
(C)Chief economic advisor to the Finance Ministry
(D)Chairman of Prime Minister’s Economic Advisory Council

 8. Consider the following statements:
1. The bank loans to all MFIs including NBFCs working as MFIs are deemed to be the priority sector loans
2. The highest loan amount for an individual borrower, is Rs 25,000 with an interest rate cap of 24 per cent as recommended by Malegam Committee
Which among the above statements is / are correct?
[A]1 Only
[B]2 Only
[C]Both 1 & 2
[D]Neither 1 nor 2

9. Which among the following international bodies have established the Poverty
Reduction Growth Facility to help the low income countries?
[A]International Monetary Fund
[B]World Bank
[C]Asian Development Bank
[D]International Development Association

10. For how many days, a MNREGA beneficiary must have worked during the
preceding financial year , to get eligible for Rashtriya Swasthya Bima Yojana (RSBY)?
[A]15 days
[B]30 days
[C]45 days
[D]60 days

  

Tuesday 13 September 2011

Common Written Examination (CWE)2011 for BANK PO/CLERK, MAH-MBA/MMS-CET 2012: NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.

NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.
TIME: 7AM TO 8:30 AM
           9AM TO 10:30 AM
           11 AM TO 1 PM
           3:30 PM TO 5PM
           6:30 PM T0 8PM


SPECIAL BATCH FOR WEEKEND(FOR EMPLOYED)PERSON ON SATURDAY& SUNDAY

Monday 12 September 2011

Common Written Examination (CWE)2011 for BANK PO/CLERK, MAH-MBA/MMS-CET 2012: NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.

Common Written Examination (CWE)2011 for BANK PO/CLERK, MAH-MBA/MMS-CET 2012: NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.: NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co. TIME: 7AM TO 8:30 AM 9AM TO 10:30 AM 11 AM TO 1 PM 3:30 ...

NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.

NEW BATCH FOR BANKPO/CLERK/APTITUDE FOR IT Co.
TIME: 7AM TO 8:30 AM
           9AM TO 10:30 AM
           11 AM TO 1 PM
           3:30 PM TO 5PM
           6:30 PM T0 8PM


SPECIAL BATCH FOR WEEKEND(FOR EMPLOYED)PERSON ON SATURDAY& SUNDAY

Sunday 11 September 2011

COMMON WRITTEN EXAMINATION [CWE] FOR RECRUITMENT IN CLERICAL CADRE IN 19 PUBLIC SECTOR BANKS.


Institute of Banking Personnel Selection
COMMON WRITTEN EXAMINATION [CWE] FOR RECRUITMENT IN CLERICAL CADRE IN 19 PUBLIC SECTOR BANKS.
Email: clerk@ibps.in Website:www.ibps.in
With Indian Banking on the threshold of vast expansion, there is a huge demand for banking personnel with challenging career prospects. Here is a unique opportunity for aspirants for bank jobs at the entry level in 19 Public Sector Banks through a Single Common Examination.
A Common Written Examination (CWE) will be conducted by the Institute of Banking Personnel Selection (IBPS) as a pre-requisite for selection of personnel for Clerical cadre posts in the Public Sector Banks mentioned below.
This system of Common Examination for recruitment of Clerks has been approved by each of the 19 participating Public Sector Banks and the Managing Committee of the Indian Banks’ Association (IBA) with the consent of the Government of India.IBPS, an autonomous body, has been authorised by IBA and has received a mandate from the 19 Public Sector Banks listed below to conduct the Common Written
Examination. The CWE for Clerical Cadre posts will be conducted twice a year byIBPS.
A PARTICIPATING BANKS
Allahabad Bank
Indian Overseas Bank
Andhra Bank
Oriental Bank of Commerce
Bank of Baroda
Punjab National Bank
Bank of India
Punjab & Sind Bank
Bank of Maharashtra
Syndicate Bank
Canara Bank
UCO Bank
Central Bank of India
Union Bank of India
Corporation Bank
United Bank of India
Dena Bank
Vijaya Bank
Indian Bank
Any individual who aspires to join any of the above Public Sector Banks as a Clerk or in a post in that cadre, will necessarily be required to take the CWE. Prospective candidates who wish to appear for the CWE will have to apply to IBPS and should carefully read the advertisement regarding eligibility criteria, online registration process, pattern of examination, issuance of call letters and score cards. Candidates who appear for the CWE will be able to check their status after the examination. Scorecards will be issued to candidates who secure minimum qualifying marks and above in each test of the examination.
Since clerical cadre recruitment would be on State-wise basis, candidates can apply for vacancies in one State/ UT only. It will therefore be necessary that candidates appear for examination in one of the centres of a particular State/UT where they would like to apply for emaployment i.e. they have to appear for the examination from a centre for that particular State/UT as mentioned in Annexure I. The candidate may also be required to possess proficiency in the Official Language of the State/UT for which vacancies he wishes to apply to be eligible as per the notifications of the Participating Banks.
Minimum: 18 Years Maximum: 28 Years
The maximum age limit specified is applicable to General Category candidates.
Relaxation of Upper age limit
Sr. No.         Category Age                     relaxation
1                   Scheduled Caste/Scheduled Tribe-       5 years
2                   Other Backward Classes -                   3 years
3                    Persons With Disability-                      10 years
4                    Ex-Servicemen / Disabled Ex-Servicemen actual period of service rendered in the defence forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 50 years.
5                    Widows. Divorced women and women legally separated from their husbands who have not
Remarried- 9 years

EDUCATIONAL QUALIFICATIONS (as on 01.08.2011)
A pass with 60% marks in the aggregate in Matriculation/SSC (old pattern)/SSLC/10th std. Examination of 10+2+3 pattern or equivalent. For SC/ST/OBC/PWD/EXSM candidates a pass in the aggregate in Matriculation/SSC (old pattern)/SSLC/10th std. Examination of 10+2+3 pattern or equivalent
OR
A pass with 50% marks in HSC examination of 10+2 (10+2+3 pattern) /11th Std. of (11+1+3) pattern or Intermediate/Pre-University or any equivalent examination/Diploma in Banking recognized by Central/State Government or U.T. administration. For SC/ST/OBC/PWD/EXSM candidates a pass in HSC examination of 10+2 (10+2+3pattern) /11th Std. of (11+1+3) pattern or Intermediate/Pre-University or any equivalent examination/Diploma in Banking recognized by Central/State Government or U.T. administration
OR
Degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.
Ex-Servicemen who do not possess the above civil examination qualifications should have passed while serving in the Armed Forces in any of the following examinations recognised by the Central Govt. as equivalent of the Civil Examination of HSC:
(i) IAF Education test for promotion to the rank of corporal
(ii) Passing out (Indian Navy) examination conducted by Boy’s Training establishment,
Vishakhapatnam
(iii) Matriculate Ex-Serviceman candidates who have obtained the Army Special Certificate of Education or corresponding certificate in the Navy or Air Force after having completed no less than 15 years of service in the Armed Forces of the Union are eligible to apply
Note: All educational qualifications should be from a recognised university/ Board

D. WRITTEN EXAMINATION
Written Examination Structure:-

Name of Tests (Objective) No. of
                                    Questions              Maximum  Marks       Total Time-150 minutes
1 Test of Reasoning        50                                    50

2 Test of English Language- 50                              50
3 Test of Numerical Ability -50                              50
4 Test of General Awareness withspecial reference to Banking Industry
                                               - 50                             50
5 Test of Computer Knowledge 50                           50
Total                                         250                          250
The above tests except the Test of English Language will be printed bilingually, i.e.
English and Hindi.
PENALTY FOR WRONG ANSWERS
There will be penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer, i.e. if fraction exceeds by 0.50 or more, it will be rounded off to next higher integer. If for any question a candidate gives more than one answer, it will be treated as wrong even if one of the given answers happens to be right and there will be the same penalty of 0.25 of the marks assigned to that question deducted as penalty. If a question is left blank, i.e. no answer is given by the candidate, there will be no penalty for that question.


Application Fees/ Intimation Charges (Payable from 24.08.2011 and 23.09.2011 both dates inclusive)
- Rs. 50/- for SC/ST/PWD/EXSM candidates.
- Rs.350/- for all others
Transaction charges for Offline/ Online Payment of fees/ intimation charges will have to be borne by the candidate.
Mode of Payment
Candidates have the option of:
(1) ONLINE MODE of payment of requisite fees / intimation charges
or
(2) OFFLINE MODE of payment of requisite fees/ intimation charges
(i) payment of fees / intimation charges through CBS branches of the following 6 Public Sector banks
Bank of Baroda (Account No. 03970200001597),
Bank of India (Account No. 005120110000777),
Central Bank of India (Account No. 3135147199),
Indian Overseas Bank (Account No. 143502000000850),
Punjab National Bank (Account No. 3985002100046381),
United Bank of India (Account No. 0284053402005)
(ii) payment of fees/ intimation charges through NEFT at branches of other 13 Public Sector Banks
(1) Payment of fees/ intimation charges via the ONLINE MODE
(i) The application form is integrated with the payment gateway and the payment process can be completed by following the instructions.
(ii) The payment can be made by using only Master/ Visa Debit or Credit cards or Internet Banking by providing information as asked on the screen.
(iii) On successful completion of the transaction, an e-receipt will be generated.
(iv)Candidates are required to take a print of the e-receipt which will have to be submitted with the Call Letter at the time of written examination.
Note:
· After submitting your payment information in the online application form, please wait for the intimation from the server, DO NOT press Back or Refresh button in order to avoid double charge
·   For Credit Card users: All prices are listed in Indian Rupee. If you use a non-Indian credit card, your
bank will convert to your local currency based on prevailing exchange rates.
· To ensure the security of your data, please close the browser window once your transaction is
completed.
  
(2) OFFLINE MODE (at counters of specified Bank branches):
(i) payment of fee/ intimation charges through CBS branches of the following 6 Public Sector Banks
Bank of Baroda, Bank of India, Central Bank of India, Indian Overseas Bank, Punjab National Bank, United Bank of India
- A Format of the fee payment challan(CBS Challan) will be made available on IBPS website. Candidates are first required to take a printout of the fee payment challan from IBPS website and indicate the particular Bank in which they wish to pay fees/ intimation charges.
- Candidates are required to fill in the fee payment challan for any of the above Banks with details such as Name, Date of Birth, Contact No., Category, Post Applied for, Amount deposited, Depositing Branch Name and City etc.
- Candidates can then make payment of the requisite fee/ intimation charges in any branch of the above mentioned Banks.
- Collect the candidate’s copy of the Fee Payment Challan from the Branch. Please check that the challan is properly signed and the details of Transaction Number, Branch Name and DP Code Number, Deposit Date have been noted in the challan by the Branch authorities.
Candidates are required to submit the original fee payment challan along with the Call Letter at the time of written examination.
(ii) Payment of Fees/ intimation charges through NEFT in any of the remaining 13 Public Sector Banks (PSBs)
- Candidates are required to fill the NEFT receipt(Format available on IBPS website) as required by the Bank with beneficiary details as follows.
Name of the Account : IBPS CWE- Clerical Cadre- 2011
Account Number : 005120110000778
Payee Bank : Bank of India
IFSC Code : BKID0000051
- Candidates can then make payment of the requisite fee / intimation charges.
- The NEFT payment receipt must be collected from the Bank where payment has been made.
- Candidates should check that the receipt is properly signed and the details of NEFT UTR NO., IFSC code of the sending Bank branch, Name of the sending Bank, City name, Deposit date, Amount etc. are noted in the NEFT Payment Receipt by the Branch authorities.

Candidates are required to submit the original NEFT receipt along with the Call Letter at the time of written examination.
 Start date for Online Registration 25.08.2011
Payment of Application Fees/ Intimation Charges 24.08.2011 to 23.09.2011 (both dates inclusive)
Last date for Online Registration 24.09.2011
Last date for Editing Application Details 26.09.2011
Download of Call letter for Written Examination After 11.11.2011
Written Examination 27.11.2011
Please note that candidates will not be permitted to appear for the Common Written Examination without the following documents:
(1) Call Letter
(2) Original fee payment receipt (fee payment challan/ NEFT Receipt/ e-receipt)
(3) Original photo-identity proof (specified)
(4) Photocopy of photo-identity proof.
For more details go through: Website:www.ibps.in