IMP QUSNS 1. The Ministry of Micro, Small and Medium Enterprises has assigned which bank N o.

1 rank under the National Awards for Excellence in MSE (micro and small enterp rises) Lending for 2012-13 (announced in Oct 2013)? A) ICICI Bank IDBI Bank C) Corporation Bank D) Bank of Baroda 2. The World Bank has lowered India s economic growth forecast for the current fis cal 2013-14 to ___________ (announced in Oct 2013). A) 5.2% 4.7% C) 4.3% D) 5.8% 3. Indian Navy inducted its largest offshore patrol vessel named ________ into s ervice at Kochi in Oct 2013. A) INS Virat INS Vikram C) INS Sunayna D) INS Sindhu 4. World Food Day is observed on ____________. A) 14-Oct 16-Oct C) 19-Oct D) 13-Oct 5. The Public Health Foundation of India (PHFI) has elected whom as its Chairper son for a term of three years in Oct 2013 (who succeeds N R Narayana Murthy). A) Adi Godrej Azim Premji C) Anand Mahindra D) Ratan Tata 6. CBI registers case against Industrialist ______ and former Coal Secretary P C Parekh in connection with alleged irregularities in allocation of coal blocks i n Oct 2013. A) Ravi Ruia Sajjan Jindal C) Kumar Mangalam Birla D) Anil Agarwal 7. Who has been appointed as the new Chairman of the Railway Board in Oct 2013? A) Gauri Kumar Jaimini Bhagwati C) Arunendra Kumar D) Ranjan Mathai 8. The United States has overtaken which country to become the world s biggest oil producer due to the jump in output from shale gas finds in US (published in Oct 2013). A) Kuwait Saudi Arabia C) UAE D) Russia 9. Who won a second straight trophy at the Shanghai Masters in China held in Oct 2013? A) Novak Djokovic Andy Murray C) Juan Del D) Rafael Nadal 10. India has been ranked at _____ in the latest Global Hunger Index released by the International Food Policy Research Institute (IFPRI), Welthungerhilfeand Co ncern Worldwide in Oct 2013.

A) 65th 63th C) 68th D) 72nd Answers -----------1. Ans) Corporation Bank 2. Ans) 4.7% 3. Ans) INS Sunayna 4. Ans) 16-Oct 5. Ans) Anand Mahindra 6. Ans) Kumar Mangalam Birla 7. Ans) Arunendra Kumar 8. Ans) Saudi Arabia 9. Ans) Novak Djokovic 10. Ans) 63th

banking awareness test... .. 1.Which of the following is a private bank in India? (A) Oriental Bank of Commerce (B) Corporation Bank (C) South Indian Bank (D) Syndicate Bank (E) Bank of Maharashtra Ans-3 2.What is Rupee depreciation? (1) Rupee depreciation means that rupee dolllar (2) Rupee depreciation means dollar has (3)Rupee depreciation means a situation (4) Rupee depreciation happens when the e than rupee (5)None of these Ans-1 3. Headquarter of ADB is situated in _ (1) Sanghai(2) Manila(3) Mali (4) Geneva(5)None of these Ans-2 4. CRISIL is a _ (a) Credit rating agency (b) Employment exchange watchdog (c) Infrastructure sector guide (d) Market regulator (5)None of these Ans-1 5. By Public Sector bank we mean (a) Government ownership in bank (b) Capitalist ownership in bank (c) Private ownership in bank (d) Both (1)and (3) (5)None of these Ans-1 6. ______ forms a part of the Interest Rate Policy

has become less valuable with respect to become less valuable than rupee when value of rupee is same as euro combined value of dollar and euro is mor

(a) Fiscal Policy(b) Industrial Policy (c) Monetary Policy(d) Manufacturing Policy(5)None of these Ans-3 7. Credit cards are used for (a) Cash withdrawals(b) Purchase of air tickets(c) Purchase of consumable items from retail outlets(d) All of these(e) None of these Ans-4 8. 13th Finance Commission has been constituted under the Chairmanship of (a) Y. S. P. Thorat(b) Vijai L. Kelkar (c) T. S. Vijayan(d) Laxmi Narayan (5) None of these Ans-2 9. SEBI is a (a) Statutory body(b) Advisory body (c) Constitutional body(d) Non-statutory body(e) All of these Ans-1 10. NABARD was established on the recommendation of (a) Public Account Committee (b) Shivaraman Committee (c) Narsimham Committee (d) Chelliah Committee (5) None of these Ans-2

BANKING AWARENESS 1.Bank for Women, by the Women and to the Women: i.India to have first public sector women s Bank. An initial capital of Rs 1,000 c rore has been committed in current Budget for the establishment of India s first p ublic sector Women s Bank by the end of 2013 ii.The bank will run mostly by women and it would provide funds for the entrepre neurial initiatives by women. iii.There is still not much clarity on what will be the specific features of thi s bank, how many branches, locations etc. iv.On the whole, the first women s bank is going to increase job opportunities for women and will help in the emergence of many women entrepreneurs in the country . NOTE: i.As per RBI, the women s bank would be set up as a PSB and would not requir e separate guidelines. ii.Currently, there are all-women banks in the co-operative sector. For example, the Self-Employed Women s Association (SEWA) set up a women-only bank in 1974. iii.The bank is owned by self-employed women as shareholders, and policies are f ormulated by their own elected board of women workers. 2.RBI cuts interest rate by 0.25 per cent: i.RecentlyReserve Bank of India (RBI) decided to reduce the key repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. ii.The RBI has left the cash reserve ratio(CRR)unchanged at4 per cent. iii.Consequently, the reverse repo rate stands adjusted to 6.5 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 8.5 per cent with imm ediate effect. NOTE:This is the second policy rate cut by the RBI this calendar year to help re vive a faltering economy, taking comfort from moderating core price pressures an d the government's commitment to trim the fiscal deficit. CURRENT RBI RATES: 1.CRR 4%(unchanged) 2.Repo Rate 7.5%Previously 7.75% 3.Reverse Repo Rate 6.5% Previously 6.75% 4.MSF 8.5%Previously 8.75%

5.Bank Rate 8.5% Previously 8.75% 6.SLR 23%(unchanged) 3.Government to Infuse Rs. 14,000 cr. in PSU Banks i.In the Budget speech it has been announced that the government will infuse Rs 14,000 crore in public sector banks in next fiscal (2013-14). Objective: To ensure that PSU Banks meet the Basel III regulations regarding capital adequa cy. NOTE: i.Implementation of Basel III capital regulations envisages enhancing the requirement of core equity capital by banks due to higher capital ratios.The Bas el III capital ratios will be fully phased in as on March 31, 2018. ii.The RBI has extended the date for implementing Basel III regulations by 3 mon ths to April 1, 2013. iii.The Government had poured in about Rs 20,117 crore in public sector banks du ring 2010-11 and Rs 12,000 crore in 2011-12. 4.United Bank ties up with Tata Power Solar i.United Bank of India has entered into a memorandum of understanding (MoU) with Tata Power Solar to provide credit to the non-renewable energy sector. ii.Under the MoU, Tata Power will leverage the bank s branch network in the easter n region to make easy finance available to the purchaser of the off-grid solar h ome lighting or water heating system. iii.The bank, in turn, will utilise the Tata Power outlets to increase its reach in the country. iv. Deepak Narang, Executive director, United Bank.said:The arrangement will fac ilitate the bank to further increase its exposure to the micro sector. 5.Banks can sell Insurance products of Multiple firms i.As per Budget 2013-14, banks will also act as brokers for selling insurance pr oducts of multiple companies. ii.Life insurers such asLICand general insurers such asGICwill also be asked to open one branch each in towns with a population of over 10,000. iii.The FM has also asked insurance companies to sell policies to people who hav e completed KYC obligations with banks. iv.Insurance companies will be allowed to open branches in non-metropolitan citi es without approval from the insurance regulator. v.Insurance companies will be directly allowed to trade in debt market. It will mean some reduction in costs and may help deepen debt markets. vi.According to Finance Minister P. Chidambaram, the know-your-customer (KYC) de tails gathered by banks will be sufficient to purchase an insurance policy, and group insurance products will now be offered to groups such as self-help groups, domestic workers' associations, among others. NOTE: i.Currently, banks can sell products of one life, one non-life and a standalone health insurer. ii.The bancassurance guidelines are still under consideration of the Insurance R egulatory and Development Authority (IRDA). iii.Reserve Bank of India (RBI) had recently shown concerns about banks becoming brokers.

BANKING QUIZ 1.Which of the following instruments of credit control adopted by theReserve Ban k of India(RBI) does not fall within general or quantitative methods of credit contr ol? (1) Stipulation of certain minimum margin in respect of advance against specifie d commodities (2) Open market operations (3) Bank rate (4) Variable reserve requirement

(5) None of these Ans-1 2.The term BSR refers to: (1) Bank s Selling Rate (2) Basic Statistical Returns (3) Annual returns submitted by banks to RBI in respect of priority sector advan ces (4) Quarterly statement of advances to agriculture (5) None of the above Ans-2 3.Participatory Notes (PNs) are associated with which one of the following? (1) Consolidated Fund of India (2) Foreign Direct Investors (3)Foreign Institutional Investors (4) United Nations Development Programme (5) None of these Ans-3 4.Interest on savings bank accountis now calculated by banks on: (1) Minimumbalanceduring the month (2) Minimumbalancefrom 7th to the last day of the month (3) Minimumbalancefrom 10th to last day of the month (4) Maximumbalanceduring the month (5) Daily product basis Ans-5 5.Devaluation means: (1) To reduce the value of home currency (2) To appreciate the value of home currency (3) To issue new currency in place of old currency (4) To lower the prices of goods for export (5) None of these Ans-1 6.Increase in net RBI credit for central government represents: (1) Budgetary deficit (2) Revenue deficit (3) Fiscal deficit (4) Monetised deficit (5) None of these Ans-4 7.A country is said to be in a debt trap if: (1) It has to borrow to makeinterest paymentson outstanding loans (2) It has to borrow to makeinterest paymentson standing loans (3) It has been refused loans or aid by creditors abroad (4) The World Bank charges a very high rate of interest on outstanding as well a s new loans (5) None of these Ans-2 8.Bank Rateimplies therate of interest: (1) Paid by theReserve Bank of Indiaon the deposits of commercial banks (2) Charged by banks on loans and advances (3) Payable on bonds (4) At which theReserve Bank of India discounts the Bills of Exchange

(5) None of these Ans-4 9.Recently Reserve Bank of India projected a GDP growth for 2013-14 at _____? (1) 6.7% (2) 5.7% (3) 5.4% (4) 6.1% (5) None of these Ans-2 10.According to recent Reserve Bank of India (RBI) guidelines for new bank licen ses, how much per cent should a new banks have to set up of its branches in unba nked rural areas. (1) 49% (2)15% (3) 25% (4)20% (5) 35% Ans-3 ~~~~~~~~~~~~ Banking GK ~~~~~~~~~~~~ ************************************ What is Casa Ratio? Casa is basically the current and savings sccount deposits. Casa ratio is the sh are of current and savings account deposits to the total deposits of the bank. I n India, interest rates paid on current and savings account deposits is administ ered by banking regulator the Reserve Bank of India. Why are banks keen on garnering a higher share of Casa? Interest rate paid on Casa is much lower compared to other deposits like term de posits or recurring deposits. While banks do not pay any interest on current acc ount, interest paid on savings account deposit is 4%. Banks therefore make maxim um effort to increase the share of Casa on their books to reduce their overall c ost of deposits. HDFC Bank has the highest share of Casa to total deposits at 52 %, followed by the State Bank of India at 48% and ICICI Bank at 45%. What does Casa mean for customers? Recently, RBI increased interest paid on savings account deposits from 3.5% to 4 %. Further a year ago, RBI told banks to pay interest on savings deposits on a d aily basis rather than paying on the minimum balance maintained by them in six m onths. As a result, savings account customers earn better returns compared to wh at they earned a year ago. Further, interest earned on savings account deposits does not attract TDS (tax deduction at source). Interest income above 10,000 a y ear attracts TDS of 10% in case of term deposits. However, there is no major ben efit for current account deposits, which is mainly maintained by corporates and traders. What are the disadvantages of high Casa? These deposits can move out of banks books anytime, leading to asset-liability mi smatches. While in case of term deposits, banks are almost certain that the depo sitor may not withdraw money before the maturity of the deposit and may also ren ew the deposit on maturity. Further, to finance long-term projects, banks need t o have long-term liabilities on their books to avoid mismatches. Banks cannot re ly on Casa deposits to fund long-term loans. ********************************************* Source & Courtesy: IBPS Examination

Important Practice MCQs for IBPS CWE Clerk III ~~~~~~~Volume and Surface Area Quiz~~~~~~~ Q.1.Find the surface area of a 10cm*4cm*3cm brick. A. 154 cm square B. 156 cm square C. 160 cm square D. 164 cm square Answer: Option D Explanation: Surface area of a cuboid = 2(lb+bh+hl) cm square So, Surface area of a brick = 2(10*4+4*3+3*10) cm square = 2(82) cm square = 164 cm square Q.2. A cistern 6 m long and 4 m wide contains water up to a breadth of 1 m 25 cm . Find the total area of the wet surface. A. 42 m sqaure B. 49 m sqaure C. 52 m sqaure D. 64 m sqaure Answer: Option B Explanation: Area of the wet surface = 2[lb+bh+hl] - lb = 2 [bh+hl] + lb = 2[(4*1.25+6*1.25)]+6*4 = 49 m square Q.3. A boat having a length 3 m and breadth 2 m is floating on a lake. The boat sinks by 1 cm when a man gets into it. The mass of the man is : A. 50 kg B. 60 kg C. 70 kg D. 80 kg Answer: Option B Explanation: In this type of question, first we will calculate the volume of water displaces then will multiply with the density of water. Volume of water displaced = 3*2*0.01 = 0.06 m cube Mass of Man = Volume of water displaced * Density of water = 0.06 * 1000 = 60 kg Q.4. How many bricks, each measuring 25cm*11.25cm*6cm, will be needed to build a wall 8m*6m*22.5m A. 6100 B. 6200 C. 6300 D. 6400 Answer: Option D

Explanation: To solve this type of question, simply divide the volume of wall with the volume of brick to get the numbers of required bricks So lets solve this Number of bricks = Volume of wallVolume of 1 brick=800*600*22.525*11.25*6=6400 Q.5. A swimming pool 9 m wide and 12 m long is 1 m deep on the shallow side and 4 m deep on the deeper side. Its volume is: A. 260 B. 262 C. 270 D. 272 Answer: Option C Explanation: Volume will be length * breadth * height, but in this case two heights are given so we will take average, Volume=(12*9*(1+42))m312*9*2.5m3=270m3 ~~~~Arithmetic Aptitude Questions Answers > Numbers Questions ~~~~~ Q 6. Simplify 586645 * 9999 A. B. C. D. 5865863355 5665863355 4865863355 4665863355

Answer: Option A Explanation: Although it is a simple question, but the trick is to save time in solving this. Rather than multiplying it we can do as follows: 586645 * (10000 - 1) = 5866450000 - 586645 = 5865863355 Q.7. What least value should be replaced by * in 223*431 so the number become di visible by 9 A. 3 B. 4 C. 5 D. 6 Answer: Option A Explanation: Trick: Number is divisible by 9, if sum of all digits is divisible by 9, so (2+2 +3+*+4+3+1) = 15+* should be divisible by 9, 15+3 will be divisible by 9, so that least number is 3. ~~~~ Verbal Reasoning > Blood Relation Quiz ~~~~

Q. 8. Pointing to a photograph, a man said, "I have no brother or sister but tha t man's father is my father's son." Whose photograph was it ? A. His own B. His Son C. His Father D. His Grandfater Answer: Option B Explanation: Since the person who is telling has no brother or sister, so his father son is h e himself. So the man in the photograph is his son. Q. 9. Pointing towards a person in a photograph, Anjali said, "He is the only so n of the father of my sister's brother." How is that person is related to Anjali ? A. Anjali Father B. Anjali Mother C. Anjali Brother D. Maternal Uncle Answer: Option C Explanation: Relation's given in the question may be analysed as follows : Sister's brother - brother; Brother's father - father; Father's son - brother; So he is Anjali Brother. Note: It is more handy to solve the question when we start from end to analyse t he relation as we did above. ~~~~ Verbal Reasoning > Coding Decoding Quiz ~~~~ Q.10. If TAP is coded as SZO, then how is FREEZE coded ? A. ATSSTS B. EQDDYD C. ESDDYD D. EQDDZD Answer: Option B Explanation: Clearly, T -1 = S A -1 = Z P -1 = O So FREEZE will be, F -1 E R -1 Q

E E Z E

-1 -1 -1 -1

D D Y D

Q.11. In a certain code, SIKKIM is written as THLJJL, how is TRAINING written in that code ? A. SQBHOHOF B. UQBHOIOF C. UQBHOHOI D. UQBHOHOF Answer: Option D Explanation: In given word, word is increasing and decreasing by one alternatively as, S +1 T I -1 H K +1 L K -1 J I +1 J M -1 L So in the same way TRAINING will be UQBHOHOF Q.12. In a certain code, MENTION is written as LNEITNO. How is PATTERN written i n that code ? A. B. C. D. ATAETNR OTAETNR OTAESNR STAETNR

Answer: Option B Explanation: In the given word, we can analyse that, M is decreased by 1, M-1 = L, and other words are interchanged, EN - NE TI - IT ON - NO So PATTERN will be P -1 AT TE RN O TA ET NR

Q.13. In a certain language, MADRAS is coded as NBESBT, how is BOMBAY coded in t hat code ? A. CPNCBZ B. CPNCBX C. DPNCBZ D. DPNCBX Answer: Option A

Explanation: Clearly every letter is increased by 1 as M +1 N A +1 B D +1 E R +1 S A +1 B S +1 T So after increasing every character in work BOMBAY by 1, we get Q.14. In a certain code, TRIPPLE is written as SQHOOKD. How is DISPOSE written i n that code ? A. EJTQPTF B. EJTQPTG C. CHRPNRD D. CHRONRD Answer: Option D Explanation: Clearly every letter is decreased by 1. So DISPOSE will be CHRONRD ~~ Quantitative Aptitude > Arithmetic Aptitude Numbers Quiz ~ Q.15. What is the largest 4 digit number exactly divisible by 88 A. 9900 B. 9999 C. 9988 D. 9944 Answer: Option D Explanation: Largest 4 digit number is 9999 After doing 9999 88 we get remainder 55 Hence largest 4 digit number exactly divisible by 88 = 9999 - 55 = 9944 Q.16. What least number should be added to 1056, so that the sum is completely d ivisible by 23 A. 4 B. 1 C. 2 D. 3 Answer: Option C Explanation: (1056 / 23) gives remainder 21 21 + 2 = 23, So we need to add 2 Q.17. A number when divided by 44, gives 432 as quotient and 0 as remainder. Wha t will be the remainder when dividing the same number by 31

A. B. C. D.

5 3 4 6

Answer: Option A Explanation: P 44 = 432 => P = 432 * 44 = 19008 P / 31 = 19008 / 31 = 613, remainder = 5 ~~~~ Verbal Reasoning > Analogy Quiz ~~~~ Q.18. Doctor : Nurse :: ? : Follower A. Employer B. Leader C. Worker D. Manager Answer: Option B Q. A. B. C. D. 19. Flower : Bud :: Plant : ? Twig Seed Taste Flower

Answer: Option B Q.20. Drama : Stage :: Tennis : ? A. Net B. Tournament C. Racket D. Court Answer: Option D Explanation: Drama is performed on stage and tennis is played in court.

EXAMPLES OF SPOTTING ERRORS 1. Than should be used after no other Example: I metno othermanbutMr. Roy.(Incorrect) I metno othermanthanMr. Roy.(Correct) 2.After the word Know , how, or when should be used before using an infinitive. Example: I knowto writeFrench . (Incorrect) I knowhow to writeFrench. (Correct) 3.A verb may take aninfinitiveor agerundaccording to itsimplication. If the verb indicates a purpose, an infinitive should be used and if the verb indicates a c ause, agerundshould be used. Example:

He went to schoolfor seeingthe principal.(Incorrect) He went to schoolto seethe principal. (Correct) He was turned out tocopyanswers.(Incorrect) He was turned out forcopyinganswers.(Correct) 4.Adverb as'is not used with verbs like appointed , elected , considered , called but i used with regard . Example: He waselected asPresident of our society.(Incorrect) He waselectedPresident of our society.(Correct) IregardRamesh my friend(Incorrect) IregardRameshasmy friend(Correct) 5.Often a mistake is committed is the use of adjectives and adverbs. An adjectiv e is correctly used with the verb when some quality of the subject, rather than of the action of the verb, is to be expressed. Example: The flowers smeltsweetly.(Incorrect) The flowers smeltsweet.(Correct) 6.It is common practice in conversation to make statement and ask for confirmati on; as , it is very hot,isn t it? Two points are to be kept in mind. If the statemen t is positive, the pattern will be Auxiliary + n t + Subject If the statement is negative, the pattern will be Auxiliary + subject Example: It is raining,is it? (Incorrect) It is rainingisn t it? (Correct) You are not busy,aren t you?(Incorrect) You are not busy,are you?(Correct) 7. The two first is a meaningless expression for it implies that two things may be f irst. We should say the first two . Example: The two firstchapters of novel are dull.(Incorrect ) The first twochapters of the novel and dull.( Correct) 8. Only should be placed immediately before the word itqualifies. Example: Heonlylost his ticket in the stampede.( Incorrect) Onlyhe lost his ticket in the stampede.(Correct) 9.An infinitive verb should not be split. Example: I request youtokindly help me.( Incorrect) I request you kindlytohelp me.(Correct) 10.Careshould be taken in theuse ofverbs Example: The doctorsawthe pulse of the patient.(Incorrect) The doctorfeltthe pulse of the patient.(Correct) IBPS Clerk Special - Economic News - Very Important ************************************** 1. RBI allowed third-party payment for Export and Import Transactions. 2. FDI inflows into the Service Sector declined by 47.5 %. 3. RBI permitted foreign banks subsidiaries to acquire domestic private sector b anks. 4. Gross Direct Tax Collections during April-October in 2013-14 up by 11.58 Perc ent. 5. Bhubaneswar and Imphal airports were Declared as International Airports.

6. Government decided to extend the sale of 5 kg LPG cylinders at petrol pumps. 7. CCEA approved the launch of the IPDS for Textiles Industry. 8. Reserve Bank of India Increased the Repo Rate by 25 Basis Points to 7.75 % fr om 7.50%. 9. RBI Allowed Banks to Revise Periodicity of Interest Payments. 10. India s Foreign Exchange Reserves touched 279.24 Billion US Dollars. 11. India Signed Pact with World Bank for Uttar Pradesh Water Sector Restructuri ng Project. 12. India s Foreign Exchange Reserves jumped to 281.12 Billion US Dollars. 13. CCEA increased the Minimum Support Price of Wheat by 50 Rupees per Quintal. 14. China and EU Signed a Bilateral Currency Swap Agreement. 15. Total Number of Telecom Subscribers increased to 904.46 Million. 16. Inflation Increased to 6.46 percent in September 2013; Highest in Seven Mont hs. 17. Total Broadband Subscriber Base in India increased to 15.24 Million. 18. Indian Railways Carried 511.00 Million Tonnes of Freight During April Septembe r2013. 19. IFC Launched 1 Billion Dollar offshore Rupee Bond Programme to Strengthen In dia s Capital Markets. 20. India and Japan Signed MoU to study Mumbai-Ahmedabad Rail Route. 21. Trade Deficit for April-September, 2013-14 Estimated at 80126.24 Million US Dollars. 22. India s Forex Reserves dropped by 1.11 Billion US Dollars to 276.26 Billion US Dollars. 23. RBI reduced the MSF Rate to 9 Percent from 9.5 Percent. 24. Railway Revenue Earnings were 65354.64 Crore Rupees during April-September20 13. 25. Direct Tax Collection increased by 10.66 Percent to 301250 Crore Rupees. 26. CCEA ( Cabinet Committee on Economic Affairs ) Approved for Continuation of Integrated Textile Parks Scheme in 12th Five Year Plan. 27. RBI fixed the Reference Rate of Rupee against US Dollar at 61.4050. 28. SEBI approved Major Reforms to Attract Overseas Investors. 29. CCEA approved National Mission on Oil seeds and Oil Palm. 30. Jet-Etihad deal Approved by SEBI. *********************************************

Keep Following - IBPS Examination

Important for IBPS Clerical Exam : KISAN CREDIT CARD: The KCC KCC The eason BSBDA: The full form of BSBDA is Basic Saving Bank Deposit Account The BSBDA scheme is launched by RBI Who can open BSBDA - Any individual, including poor or those from weaker section of the society BSBDA guidelines are applicable to -all scheduled commercial banks in India incl uding foreign banks having branches in India. As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill acc ounts opened by the banks are now converted into BSBDA What is the initial minimum deposit required while opening a Basic saving bank d eposit accounts Zero Balance How many 'Basic Savings Bank Deposit Account' can an individual have in one bank Only one Whether there are any restrictions like age, income, amount etc criteria for ope ning BSBDA by banks No The BSBDA helps in promoting Financial Inclusion OLYMPIC 2012 : The summer Olympics 2012 was held in London,UK The mascot of London Olympics 2012 - Wenlock India won how many medals in 2012 summer Olympics 6 How many silver medals won by India in summer Olympics 2012 - 2 How many bronze medals won by India in summer Olympics 2012 4 Who won maximum number of medals in summer Olympics 2012 USA(46g,29s,29b=104) The rank of India in summer Olympics 2012 55 Who won silver medal in shooting Vijay Kumar Who won silver medal in wrestling Sushil Kumar Who won bronze in shooting Gagan Narang Yogeshwar Dutt won bronze in summer olympics2012.He is related to -wrestling Who won bronze in boxing Mary Kom Who won bronze in badminton Saina Nehwal Who was the flag bearer from India in the opening of summer Olympics 2012 ? Sush il Kumar Who was the flag bearer from India in the closing of summer Olympics 2012? Mary Kom full form of KCC Kisan scheme was intoduced by scheme was introduced in objective of KCC is to through banking system. Credit Card GOI , RBI , NABARD the year 1998 fulfill the credit needs of farmers during cropping s

Important For IBPS Clerk 2013 Exam : IFSC :

The full form of IFSC is Indian Financial System Code How many digits are contained in IFSC 11 The first four characters represent the bank code The 5th character of a IFSC code is - zero The last 6 characters represent the bank branch code The IFSC code facilitates - uniquely identifies a bank-branch participating in t he NEFT system KYC : The full form of KYC is Know Your Customer KYC was introduced by RBI RBI introduced KYC guidelines for all banks in the year - 2002 The components of KYC Identity proof , address proof , photographs The objective of KYC guidelines is to prevent banks from criminal money launderi ng activities KYC day is celebrated on First working day of august every year NEFT : The full form of NEFT is National Electronic Fund Transfer The minimum limit that could be transferred using NEFT No Limit The maximum limit that could be transferred using NEFT No Limit Can remittances be sent abroad using NEFT- No(except Nepal under the Indo-Nepal Remittance Facility Scheme) Can NEFT be used to transfer funds from / to NRE and NRO accounts-Yes Maximum amount per transaction for cash-based remittances to Nepal is limited to -Rs.50,000/-

Important For IBPS Clerk : Q1. What is RTGS ? Ans. Real Time Gross Settlement. Q2. What is NEFT ? Ans. National Electronic Fund Transfer. Q3. Is there any minimum / maximum amount for RTGS transactions? Ans. The RTGS system is primarily meant for large value transactions. The minimu m amount to be remitted through RTGS is ` 2 lakh. There is no upper ceiling for RTGS transactions. Q4:What is IFSC code? Ans :The Indian Financial System Code. IFSC is alphanumeric code that uniquely i dentifies a bank-branch Q5: How many character does IFSC code have? Ans : 11 character code Q6: What is IMPS ? Ans : IMPS is Immediate Payment Service and it is commonly known as Interbank Mo bile Payment Service.