Banking Basics

RBI: The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the RBI Act, 1934. RBI was nationalized in 1949 and it is fully owned by the Government of India. RBI was established on the recommendation of the Hilton Young Commission.

RBI’s FUNCTIONS:

1. Issue of currency notes

2. Controlling the monetary policy

3. Regulator and supervisor of the financial system

4. Banker to other banks

5. Banker to the government

6. Granting licenses to banks

7. Control over NBFIs (Non-Banking Financial Institutions)

8. Manager of Foreign Exchange of India (also known as FOREX)

RBI & Monetary Policy:

Monetary policy refers to the use of instruments under the control of the central bank to regulate the availability, cost and use of money and credit.

The main objectives of monetary policy in India are:

 Maintaining price stability

 Ensuring adequate flow of credit to the productive sectors of the economy to support economic growth

 Financial stability

There are several direct and indirect instruments that are used in the formulation and implementation of monetary policy.

Direct instruments:

Cash Reserve Ratio (CRR): The share of net demand and time liabilities that banks must maintain as cash balance with the Reserve Bank.

Statutory Liquidity Ratio (SLR): The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as government securities, cash and gold.

Refinance facilities: Sector-specific refinance facilities (e.g., against lending to export sector) provided to banks.

Indirect instruments:

Liquidity Adjustment Facility (LAF): Consists of daily infusion or absorption of liquidity on a repurchase basis, through repo (liquidity injection) and reverse repo (liquidity absorption) auction operations, using government securities as collateral.

Open Market Operations (OMO): Outright sales/purchases of government securities, in addition to LAF, as a tool to determine the level of liquidity over the medium term.

Market Stabilisation Scheme (MSS): This instrument for monetary management was introduced in 2004. Liquidity of a more enduring nature arising from large capital flows is absorbed through sale of short-dated government securities and treasury bills. The mobilised cash is held in a separate government account with the Reserve Bank.

Repo/reverse repo rate: These rates under the Liquidity Adjustment Facility (LAF) determine the corridor for short-term money market interest rates. In turn, this is expected to trigger movement in other segments of the financial market and the real economy.

Bank rate: It is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers. It also signals the medium-term stance of monetary policy.

FCI 2015 General Science Quiz 2

1. The gas used to extinguish fire is —

(A) Neon

(B) Nitrogen

(C) Carbon dioxide

(D) Carbon Monoxide

2. In which of the following activities Silicon Carbide is used ?

(A) Making cement and glass

(B) Disinfecting water and ponds

(C) Making castes for statues

(D) Cutting very hard substances

3. The element common to all acids is —

(A) Oxygen

(B) Hydrogen

(C) Nitrogen

(D) Sulphur

4. Gobar gas contains mainly —

(A) Methane

(B) Carbon dioxide

(C) Butane

(D) Carbon Monoxide

5. The most malleable metal is —

(A) Silver

(B) Gold

(C) Aluminium

(D) Sodium

6. Tetraethyl lead is used as —

(A) Mosquito repellent

(B) Pain Killer

(C) Fire extinguisher

(D) Petrol additive

7. Which of the following is used in beauty parlours for hair setting ?

(A) Phosphorus

(B) Sulphur

(C) Chlorine

(D) Silicon

8. Which of the following is a non-metal that remains liquid in room temperature ?

(A) Bromine

(B) Chlorine

(C) Helium

(D) Phosphorus

9. From which mineral is radium obtained —

(A) Limestone

(B) Haematitie

(C) Pitchblende

(D) Rutile

10. What is laughing gas ?

(A) Carbon dioxide

(B) Sulphur dioxide

(C) Nitrogen Dioxide

(D) Nitrous oxide

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

FCI 2015 General Science Quiz 1

1. Which of the following is the lightest metal ?

(A) Mercury

(B) Silver

(C) Lithium

(D) Lead

2. The most important ore of Aluminium is —

(A) Bauxite

(B) Calamine

(C) Calcite

(D) Galena

3. The element present in the largest amount in rocks and minerals is —

(A) Carbon

(B) Silicon

(C) Hydrogen

(D) Aluminium

4. An alloy used in making heating elements for electric heating devices is —

(A) Solder

(B) Alloysteel

(C) Nichrome

(D) German Silver

5. German Silver is an alloy of —

(A) Copper, Silver & Nickel

(B) Silver, Copper & Aluminium

(C) Zinc, Copper & Nickel

(D) Silver, Zinc & Nickel

6. Air is a/an —

(A) Compound

(B) Element

(C) Mixture

(D) Electrolyte

7. Which of the following is the best conductor of Electricity ?

(A) Ordinary water

(B) Sea water

(C) Boiled water

(D) Distilled water

8. Balloons are filled with —

(A) Helium

(B) Oxygen

(C) Nitrogen

(D) Argon

9. The charcoal used to decolourise raw sugar is —

(A) Animal charcoal

(B) Sugar charcoal

(C) Cocoanut charcoal

(D) Wood charcoal

10. The most abundant metal in the earth’s crust is —

(A) Zinc

(B) Copper

(C) Aluminium

(D) Iron

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

Questions Based oN 2011 census

1. What is the Total population of India according to 2011 census?
Answer. 121 Crore
2. Which is the most populous state in India?
Answer. Uttar Pradesh
3. Which is the least populous state in India?
Answer. Sikkim
4. What is the rate of growth of population of India according to 2011 census?
Answer. 17.64 %
5. Which state has the highest fertility rate in India?
Answer. Meghalaya
6. Which Indian state has high density of population?
Answer. Bihar
7. Which Indian state has low density of population?
Answer. Arunachal Pradesh
8. Which state in India has highest sex ratio?
Answer. Kerala (1084/1000)
9. Which state in India has lowest sex ratio?
Answer. Haryana
10. What is the Density of Population of India?
Answer. 382
11. What is the sex ratio of India?
Answer. 940/1000
12. Which Union territory has highest sex ratio?
Answer. Puducherry
13. What is the percentage of worlds population having in India?
Answer. 17.5 %
14. Literacy Rate in India according to Census 2011?
Answer. 74.04 %
15. Which is the most literate state in India according to Census 2011 ?
Answer. Kerala (93.9%)
16. Which is the least literate state in India?
Answer. Bihar (63.82%)
17. Which is the most literate Union territory in India?
Answer. Lakshadweep (92.2%)
18. Which is the least literate Union territory in India?
Answer. Dadra and Nagar Haveli
19. Which is the most Literate districts of India?
Answer. Serchhip in Mizoram
20. Which is the least Literate districts of India?
Answer. Alirajpur in Madhya Pradesh

Download 2013 IBPS PO 3

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Punjab Health and Family Welfare Recruitment 2014 For 351 Posts

Punjab Health and Family Welfare Recruitment 2014 – Walk in for 351 MO Posts: Directorate of Health & Family welfare, Punjab has issued a notification for the recruitment of 351 Medical Officer vacancies. Eligible candidates may apply online on or before 24-06-2014 & attend for interview on 28-06-2014 at 10:00 AM. For more details like age limit, qualification, selection process, how to apply are given below…

Punjab Health and Family Welfare Vacancy Details:
Total No.of Posts: 351
Name of the Post: Medical Officer (Specialist)
Name of the Discipline:
1. Anaesthesia: 65 Posts
2. General Surgery: 25 Posts
3. Gynaecology: 33 Posts
4. Medicine: 33 Posts
5. Orthopaedics: 07 Posts
6. Paediatrics: 117 Posts
7. Pathology: 07 Posts
8. Psychiatry: 19 Posts
9. Radiology: 37 Posts
10. Skin & V.D: 03 Posts
11. TB & Chest: 05 Posts

Age Limit: Candidates age limit should be 18-38 years as on 01-01-2014. Age relaxation will be 5 years for SC/ BC candidates, 10 years for PH candidates & for others will be applicable as per rules.

Educational Qualification: Candidates should possess MBBS Degree and holding a Post Graduation degree in requisite specialty, recognized by the Medical Council of India, Registered with the Punjab Medical Council or with any other duly constituted Medical Council in India.

Selection Process: Shortlisted candidates will be called for interview.

How to Apply: Eligible candidates may apply online through website http://www.pbhealth.gov.in/ and send their printout copies of scanned application form along with other relevant documents through E-mail at nrc.dhspunjab@gmail.com on or before 24-06-2014 by 5:00 PM & attend for interview along with printout copies of application form, originals and attested copies of qualification certificates/ mark sheets, Experience certificate, age proof, caste certificate, two Passport Size Photographs on 28-06-2014 at 10:00 AM at Auditorium, State Institute of Health & Family Welfare Complex, Near Civil Hospital, Phase-VI, Ajitgarh, (Mohali).

Instructions to Apply Online:
1. Log on through the website www.pbhealth.gov.in.
2. Click on the “Apply Online” Link.
3. Fill all the details carefully.
4. Upload the scanned copies of relevant documents, photograph & signature.
5. Submit the application form, send the scanned printout copies of application along with scanned documents through email.
6. Take the another printout copies of application with future use.

FOR MORE INFO:-CLICK BELOW

http://www.pbhealth.gov.in/walk_in_interview_28-6-2014_-_A4_-_Net[1].pdf

SBI Clerk 2014 notification is OUT

 SBI has announced 5092 fresh vacancy for Clerical Cadre. Check all details below.

: State Bank of India (SBI) has released notification for recruitment of 5199 Assistants in Clerical Cadre in State Bank of India. Eligible candidates can apply online from 26-05-2014 to 14-06-2014. Other details like age limit, educational qualification, selection process and how to apply are given below…. SBI Vacancy Details:
Total No. of Posts: 5199Name of the Post: Assistants in Clerical Cadre
Age Limit: Candidate minimum age is 20 years and maximum age limit should not exceed 28 years as on 01-05-2014. Candidates born between 02-05-1986 and 01-05-1994 (both days inclusive) are only eligible to apply. Age relaxation will be applicable as per the rules.
 Educational Qualification: Candidate should possess a Degree (Graduation level) from a recognised university, or any equivalent qualification recognised as such by the Central/ State Government. Those who are in the final year of Graduation/Semester may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the Graduation Examination on or before 31-08-2014.
 Selection Process: Candidates would be selected based on their performance in online test and interview.
 Application Fee: Candidates have to pay the application fee and intimation charge of Rs.100/- for SC/ST/PWD/XS and Rs.450/- for General and OBC category through online or offline mode. The fee sent through Indian Postal Order, Bank Drafts, Cheques, Currency Notes etc. will not be accepted.
Offline Payment: After completion of online registration process take printout of the system generated fee payment challan immediately and pay the fee from 2nd working day after registration and can be made within three working days (subject to last date for fee payment) at any branch of State Bank of India.
Online Payment: Candidates can pay fees through the payment gateway integrated with the application, following the instructions available on the screen. The payment can be made by using Master/ Visa debit/ credit cards or Internet Banking by providing information as asked on the screen. Transaction charges for online payment will be borne by the candidates. On successful completion of the transaction, e-receipt and application form will be generated.
 How to Apply: Eligible and interested candidates can apply online through the Bank’s website http://www.statebankofindia.com or http://www.sbi.co.in from 26-05-2014 to 14-06-2014. After registration candidates have to pay fee through either online (using Debit/ Credit card / Internet banking) or off line mode. After submission of online application, take printout of the submitted application form and keep it for future reference.
 Instructions to Apply Online:
1. Before applying online candidate should have valid email ID and scanned copy of photograph and signature. 2. Log on to Bank’s website www.statebankofindia.com or www.sbi.co.in. 3. Click on Recruitment link–> Click on Appropriate link—> Click ‘Apply Online’. 4. Fill the application form carefully and upload the scanned copy of signature & photograph and submit the error free application form. 5. When the data is saved, registration number and password will be generated by the  system and displayed on the screen. Candidates should note down the registration  number and password. 6. Take printout of the system generated fee payment challan immediately and pay the fee as mentioned above. 7. On payment of fee, registration of online application will be complete. 8. Take printout of the submitted application containing fee details, after three days of fee payment and keep it for future reference