Banking Awareness

Q1. Borrower’s ability to meet the immediate liabilities is indicated by?

(a) Current Ratio

(b) Acid Test Ratio

(c) Debt Equity Ratio

(d) All of the above

(e) None of the above

Q2. Branches receive Potential Linked Plan through?

(a) Block Level Banker’s Committee

(b) State Level Banker’s Committee

(c) District Consultative Committee

(d) Lead Bank Department

(e) None of the above

Q3. By “Deemed Exports” it means?

(a) supplies of goods and services to units within the country which can earn foreign currency to the country

(b) exports made by units situated in EPZ areas to out of country

(c) exports made by EOU out of the country

(d) anticipated value of exports

(e) None of the above

Q4. By devaluation we mean?

(a) A fall in the domestic value of a currency

(b) A fall in the external value of a currency caused by the market forces

(c) A fall in the external value of a currency caused by Government action

(d) All of the above

(e) None of the above

Q5. Capitalization of Reserves is carried out by issue of ___________ to the existing shareholders.

(a) Additional shares

(b) Bonus shares

(c) Incentives

(d) All of the above

(e) None of the above

Q6. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be:

(a) Branded with a stamp “COUNTERFEIT BANKNOTE”

(b) Recorded in a separate register under authentication

(c) acknowledged in the prescribed format of RBI and issued to the tenderer

(d) All of the above

(e) None of the above

Q7. Asset Reconstruction Company is associated with..........?

(a) DICGC

(b) ECGC

(c) NPA

(d) SEBI

(e) None of the above

Q8. Association of National Exchange Members of India (ANMI) is a body consisting of?

(a) Bankers and SEBI

(b) SEBI and IBA

(c) Brokers Operating in the National Exchanges

(d) Bankers, SEBI, IBA and RBI

(e) None of the above

Q9. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:

(a) at the first point of customer interaction

(b) at the Account Services Level

(c) at the Central Account Services Level

(d) one month after the account is opened

(e) None of the above

Q10. Authorized Dealers for foreign exchange transactions are appointed by:

(a) Reserve Bank of India

(b) Government of India

(c) Individual Banks

(d) FEDAI

(e) None of the above

Q11. Currency Note containing political slogan is not a legal tender as per:

(a) Legal Tender (Inscribed Notes) Act, 1964

(b) Negotiable Instruments Act, 1881

(c) Reserve Bank of India Act

(d) All of the above

(e) None of the above

Q12. Demand draft for Rs. 20,000 and above:

(a) can be paid in cash

(b) should not be paid in cash

(c) mode of payment will depend on the status of the customer 

(d) All of the above

(e) None of the above

Q13. Deposits under NRE/FCNB accounts are linked to-

(a) Base Rate

(b) SIBOR

(c) LIBOR

(d) All of the above

(e) None of the above

Q14. Electronic Fund Transfer scheme of RBI has been renamed as:

(a) Clearing

(b) Core Banking Solutions

(c) Real Time Gross Settlement

(d) National Electronic Fund Transfer

(e) All of the above

Q15. Escrow account is useful/helpful to-

(a) importers

(b) exporters

(c) people

(d) Assets

(e) None of the above

Important Banking Act

Name of the Act	Important Facts
Banking Regulation Act, 1949	1.   The Banking Regulation Act Came into force with effective from 16th March 1949. 2.     Initially, it was named as “Banking Companies Act, 1949”, but latter the name was changed to Banking Regulation Act 1949 from 1st March 1966. 3.     This Act Provides safety in the interest of depositors. 4.     This Act forbids the misuse of powers by Higher Authorities/ Staffs / Banking employees etc. 5.     Bank Employee Can take leave according to this ACTS.
SARFAESI Act, 2002	1.     Full form of SARFAESI – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2.     This SARFAESI ACT, 2002 acts as a tool to recover the debt, bad loans i.e. NPA (Non-Performing Assets). 3.     According to this ACT, bank has the power to seize the securities of Loan Defaulters (Except Agricultural Land) without the intervention of the court. 4.     This Act also giver power of “Seize & Desist” to all banks in India.
State Bank of India Act,1955	1.     According to this the Reserve Bank of India acquired a controlling Interest in the Imperial Bank of India. 2.     This Acts also prevent the misuse of depositors Interests.
Reserve Bank of India Act,1934	1.     The Reserve Bank of India Act Came into Effect from 6th March 1934. 2.     This Acts Provides the Supervision and Regulation of the banking system in India. 3.     According to this Act, all Scheduled Bank must have minimum 5 Lakh & above pay up capital. 4.     According to this Act RBI has the power regarding the exchange of damaged and imperfect Currency Notes. 5.     According to this Act, the Maximum denomination of Currency Notes can be Rs.10,000. 6.     According to this Act, only the RBI or Union Government can issue and accept Promissory Notes which is payable on demand. 7.      According to this Act, Every Schedule Bank has a minimum capital with the RBI on Daily basis which is generally termed as CRR. 8.     This Act also says each & every bank in India needs to follow the guidelines which are implemented by RBI. 9.      According to this Act RBI can charge/fine any bank with prior notice if the bank not obeys the guidelines.
Foreign Exchange Regulation Act, 1973	1.     This Act Came in force with Effect from 1st January 1974. 2.     These Acts impose the strict rules and regulations on certain kinds of payments/transactions, the dealings in foreign exchange and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency. 3.     FERA was repealed in 1988 by the Union Government at the time of Atal Bihari Vajpayee Government and Replaced FERA into FEMA.
Foreign Exchange Management Act, 1999	1.     This Act was enacted on 29th December 2000. 2.     This Act makes offences related to foreign exchange civil offences. 3.     This Act was Enacted after Replacing FERA Act, 1973 with a New Strict Norms and guidelines. 4.     This Act enables the Reserve Bank of India and the Central Government to pass regulations and rules relating to foreign exchange in tune with the Foreign Trade policy of India.

Reasoning Puzzle for IBPS PO Mains: Part 3

Direction (1-6): Study the following information carefully and answer the questions given below:

Each of the seven exhibition viz. A,B,C,D,E,F and G are scheduled to be exhibited on a different days of a week starting from Monday and ending on a sunday of the same week. Exhibition F is 
scheduled on Thursday. Four states are participating in the exhibition, not more than two exhibitions are exhibited by any state. Four states are Goa, Tamil Nadu, Assam and Maharashtra. Assam participates on the weekend. Two exhibitions are scheduled to be held between exhibition F and the exhibition in which Tamil Nadu participates. Only one exhibition is scheduled between exhibition E and exhibition D. Maharashtra participates in only one exhibition that is scheduled to be held on Saturday. Exhibition E is not scheduled on the day immediately before or immediately after the day when exhibition F is scheduled. Assam participates exactly in the middle of the week. Exhibition C is scheduled on the day immediately before the day when exhibition G is scheduled. D participates between the day when Assam and Maharashtra participate. Tamil Nadu does not participate on even number of days. Exhibition A is not scheduled after exhibition G.

1. How many exhibitions are scheduled to be exhibited between exhibition C and exhibition D?

1. Three

2. Four

3. Two

4. None 

5. Other than the given options

2. On which of the following days is exhibition G scheduled?

1. Wednesday

2. Tuesday

3. Monday

4. Saturday

5. Cannot be determined

3. Which of the following exhibition is scheduled on Saturday?

1. E

2. B

3. A

4. C

5. Other than the given options

4. In which of the following exhibitions does Goa participate?

1. C,B

2. A,C

3. C,A and G

4. C,D

5. Other than the given options

5. Which of the following exhibitions is scheduled on Friday?

1. A

2. C

3. E

4. G

5. D

6. Which of the following do/does not match correctly?

1. A-Monday-Goa

2. D-Saturday-Assam

3. F-Thursday-Assam

4. Both 1) and 2)

5. Other than the given options

Solution: 

Days	Exhibition	State
Monday	A	Tamil Nadu
Tuesday	C	Goa
Wednesday	G	Tamil Nadu
Thursday	F	Assam
Friday	D	Goa
Saturday	B	Maharashtra
Sunday	E	Assam

Note:- Mon-1, Tue-2, Wed-3, Thr-4, Fr-5, Sat- 6, Sun-7

Mixed Aptitude Quiz for IBPS RRB PO 2016

Complete the series: 65, 70, 63, 74, 61, ?

Solution :

65 – 63 = 2
74 – 70 = 4
63 – 61 = 2

78-74 =4

Ques 2.

Anand finds that due to a fall in the rate of interest from 10% to 5%, his yearly income diminishes by Rs.500. His capital is ?

Solution :

Difference = 10-5 = 5%

5%  --------- 500

100% ------ 10000

Capital = 10000

Ques 3.

x² – 4x – 21 = 0 ; y² – 35y + 306 = 0

Solution :

==> x^2 -7x+4x-21=0

==>X = 7 , -4

==> y^2-18y-17y+306=0

==> Y = 18 , 17

X < Y

Ques 4.

10 men and 15 women can complete the job in 16 days.In how many days can 2 men and 3 women finish the same job working together ?

Solution :

 10 Men + 15 women finish a job = 16 days

2 men + 3 women finish a job = 16*5 = 40 days 

Ques 5.

464.83 + 40.14 / 7.84 + 6.26 / 0.91 = ? . Find approximate value ?

Solution :

==> 467+40/8+6/1 

= 473

Ques 6.

One year ago the ratio between A and B’s age was 4:3. One year hence the ratio of their ages will be 5:4. What is the sum of their present ages in years?

Solution :

 One year ago ratio = 4:3 ( ratio difference = 4-3=1)

One year hence ratio = 5:4 (Ratio difference = 5-4=1)

New ratios :

One year ago ratio = 4:3 *1 = 4:3

One year hence ratio = 5:4 *1 = 5:4

Difference in A ratio = 5-4 = 1

1 unit ------- 2 year

9 unit ------- 18 years 

Sum of their ages 1 year hence = 18

Present = 18-2 =16 years

Ques 7.

A student  gets 60 marks out of 100 in English, 80 out of 150 in Chemistry and X out of 150 in maths. The total  marks of student in all the three subjects is 50% . Find X value ?

Solution :

Total marks = 100+150+150 = 400

Total obtained marks = 60+80+X

Overall percentage = 50

==> (140+X)/(400) * 100 = 50

==> X = 60

Ques 8.

The CI on Rs.10000 for 3 years at 5% for first year, 8% for second year, 10% for the third year will be

Solution :

==>10000*105/100*108/100*110/100

= 12474

CI = 12474-10000 = 2474

Ques 9.

A bus travels at the rate of 60 kmph without stoppages and it travels at 45 kmph with stoppages. How many minutes does the bus stop on an average per hour?

Solution :

Trick :

Difference of speed /without stoppage speed  * 60

==> 15/60 *60 = 15 min

Ques 10.

A got 5000 as his share out of the total profit of 9000. A had invested 3000 rupees for 6 months while B invested for the whole year. Find the amount invested by B.

Solution :

  Ratio = 5000 : 4000 = 5: 4

==>   3000*6 : X *12 = 5:4

==> X = 1200

Circular Seating Arrangement Set for IBPS PO Mains (Part -2)

Direction (1-4): Study the following information carefully and answer the questions given below:

Eight friends Seema, Suresh, Mahesh, Sudhir, Karan, Geeta, Raj and Sushil are sitting around a circular table. Three of them are facing outward the centre and five are facing towards the centre. 
Each one of them likes a different colour viz, Blue, green, Violet, White, Yellow, Pink, Red and Black.

• Suresh and Raj are facing towards the centre and the person who likes Green is second to the left of Raj.
• Seema and Raj are facing each other and facing the same direction as Suresh.
• Sudhir faces outward and sits opposite Suresh, who likes Black colour.
• Geeta and Seema sit next to each other.
• Geeta who faces outward sits opposite to one who likes Blue colour.
• Yellow is liked by one of the two girls.
• Mahesh sits third to the right of Geeta and likes Violet colour.
• Geeta likes Pink colour
• Sushil sits opposite Mahesh and Sudhir, second to the right of the one who likes Blue colour.
• Raj likes Red colour and Sudhir likes whited.
• Suresh sits between Seema and Mahesh.

1. Who sits fifth to the right of Geeta?

1. Mahesh

2. Karan

3. Raj

4. Suresh

5. Other than the given options

2. Three are alike in a certain way while one is not, find the odd one.

1. Raj-Seema

2. Suresh-Sudhir

3. Karan-Geeta

4. Seema-Mahesh

5. Other than the given options

3.Who among the following likes 'Blue' colour?

1. Geeta

2. Raj

3. Mahesh

4. Sushil

5. Karan

4. How many person sit between the person who likes White colour and the person who likes Black colour?

1. Two

2. Three

3. Four

4. None 

1. 5. Other then the given options

Solution: 

Reasoning Puzzle for IBPS PO Mains - Part 1

Direction (1-7) Study the following information carefully and answer the question given below:

There are five Players viz. P, R, S, T and V are from five different countries viz. Russia, China, India, Britain and USA, but not necessarily in the same order. They are the players of five different games viz. Football, Hockey,
Cricket, Tennis and Badminton and use three cars viz. Mercedes, Maruti and Honda to travel but not necessarily in the same order. Maximum two players can share one car.

• The player who goes along with the player who is from USA, plays Tennis. R plays football.
• V does not go with Russian football.
• S is from Britain but does not travel in Mercedes.
• Hockey players belong to Russia.
• One who is a player of football travels in that car which is shared by two persons.
• The one who plays Cricket likes to travel with whom who plays Badminton.
• Mercedes car is shared by only one player. V is the player of Cricket.
• Chines does not play Hockey or Tennis and does not like Honda. The one who play Football like Honda.
• P , who is from India, cannot share his ride either with the player of 'China' or 'Britain'.
• The player who is from Britain does not play Tennis.

1. Who among the following uses Mercedes car?

1. P

2. T

3. R

4. S

5. V

2. Who among the following is from USA?

1. R

2. P

3. S

4. V

5. T

3. 'V' belongs to which of the following countries?

1. Russia

2. USA

3. China

4. India

5. Britain

4. Which of the following players use (s) 'Honda' car?

1. R

2. S and T 

3. V and P

4. P and R

5. R and S

5. 'S' plays which of the following games?

1. Tennis

2. Badminton

3. Hockey

4. Football

5. Cricket

6. 'P' travels with which country's player?

1. India

2. Britain

3. USA

4. Russia

5. China

7. Which of the following is matched correctly?

1. S-badminton- Maruti-USA

2. R-Badminton- Honda-USA

3. V-Cricket- Maruti-China

4. P-Cricket-Maruti-USA

5. All are wrong

Solution:

Players	Games	Countries	Cars
P	Tennis	India	Honda
R	Football	USA	Honda
S	Badminton	Britain	Maruti
T	Hockey	Russia	Mercedes
V	Cricket	China	Maruti

India's Rankings in Different Indexes 2016-17

Dear Readers,

Today we are presenting you a short note on India's Rankings in Different Indexes 2016 which is very important for your upcoming IBPS PO-VI (Main) Examination
and other examinations also. List is given below:

India's Rankings in Different Indexes 2016-17

Index	Position of India	Top Ranked Country
Ease of Doing Business Index 2017	130th	The list is topped by New Zealand followed by Singapore, Denmark.
Foreign Direct Investment (FDI) 2016	10th	The list is topped by USA followed by Hong Kong and China.
Global Competitiveness Index 2016	39th	The list is topped by Switzerland, followed by Singapore and USA.
Good Country Index 2015	70th	The list is topped by Sweden, followed by Denmark and Netherland.
Global Human Capital Report 2016	105th	The list is topped by Finland, followed by Norway and Switzerland.
Global Hunger Index 2016	97th	The list is topped by Argentina, followed by Bosnia & Herzegovina and Switzerland.
Global Innovation Index 2016	66th	The list is topped by Switzerland, followed by Sweden and UK.
Global Peace Index (GPI) 2016	141st	The list is topped by Iceland, followed by Denmark and Austria.
Global Slavery Index 2016	4th	The list is topped by North Korea, followed by Uzbekistan and Cambodia.
Global Talent Competitiveness Index 2016	89th	The list is topped by Switzerland, followed by Singapore and Luxembourg.
Intellectual Property Index 2016	37th	The list is topped by USA, followed by UK and Germany.
Logistics Performance Index 2016	35th	The list is topped by Germany, followed by Luxembourg and Sweden.
Sustainable Development Goal Index 2016	110th	The list is topped by Sweden, followed by Denmark and Norway.
World Economic Freedom Index 2016	112th	The list is topped by Hong Kong, followed by Singapore and New Zealand.
World Happiness Index 2016	118th	The list is topped by Denmark, followed by Switzerland and Iceland.
World Press Freedom Index 2016	133rd	The list is topped by Finland, followed by Netherlands and Norway.
W10 Report 2016	7th	The list is topped by USA, followed by China and Japan.
World Risk Index 2016	77th	The list is topped by Island state of Vanuatu, followed by Tonga and Philippines.

Thanks.