On the  Demand of various person I am posting some synonyms which are very to the commutative exam.

(SYNONYMS)

Directions (For the 17 items which follow): Each of the following 17 items consists of a word or group of words in capital letters, followed by four or group of words. Select the word or group of words that is most similar in meaning to the word or group of words in capital letters.

1. COUNTERVAILING
(a) Argumentative
(b) Compensating
(c) Crying
(d) Complaining

2. TO DEBILITATE
(a) To outlaw
(b) To support
(c) To weaken
(d) To honour

3. FERRET
(a) Steal
(b) Search
(c) Forget
(d) Fight

4. PECUNIARY
(a) Pertaining to money
(b) Pertaining to Politics
(c) Pertaining to Geography
(d) Pertaining to History

5. REPRISAL
(a) Loneliness (b) Retaliation
(c) Remuneration (d) Pleasure

6. PROPRIETY
(a) Rightness
(b) Brand name
(c) Cultivate land
(d) Market share

7. CAVIL
(a) To play
(b) To complain
(c) To prepare
(d) To cut a joke

8. EVINCE
(a) To learn
(b) To exhibit
(c) To resist
(d) To become infirm

9. INCENSE
(a) To become angry
(b) To support someone
(c) To become relevant
(d) To introduce a new topic

10. ATTENUATE
(a) To weaken
(b) To celebrate
(c) To store
(d) To ‘swim

11. ASCETIC
(a) Fashionable
(b) Austere
(c) Articulate
(d) Athletic

12. ARABLE
(a) Tolerable
(b) Suitable for ploughing
(c) Likeable
(d) Ardent

13. SECEDE
(a) To stop
(b) To arrest
(c) To flow
(d) To withdraw

14. PROFFER
(a) To apologize
(b) To appoint
(c) To disappear
(d) To offer

15. PREVARICATE
(a) To evade
(b) To work hard
(c) To steal
(d) To demonstrate

16. SPECULATE
(a) To embezzle
(b) To guess
(c) To study deeply
(d) To store

17. PECKISH
(a) Angry
(b) Impudent
(c) Hungry
(d) Smart

ANSWERS: 1. (b) 2. (c) 3. (b) 4. (a) 5. (b) 6. (a) 7. (b) 8. (b) 9. (a) 10. (a) 11. (b) 12. (b) 13. (d) 14. (d) 15. (a) 16. (b) 17. (c)

PART II

which follow): Each of the following 17 items consists of a word in capital letters, followed by four words or groups of words.  Select the word or group of words that is most similar in meaning to the word in capital letters.

1. PEDAGOGICAL
(a) Related to evolutionary process
(b) Pertaining to teaching methods
(c) Pertaining to dictatorship
(d) Pertaining to social customs

2. SEMANTIC
(a) Mild-mannered
(b) Pertaining to financial matters
(c) Pertaining to meaning of words
(d) Tenable

3. PHLEGMATIC
(a) Thin
(b) Even-tempered
(c) Worldly
(d) Huge

4. EFFRONTERY
(a) Affirmation
(b) Commentary
(c) Rudeness
(d) Compliance

5. PREMONITION
(a) Sadness
(b) Strength
(c) Warning
(d) Advice

6. RETICENCE
(a) Modesty
(b) Caution
(c) Cognizance
(d) Tendency to keep silent

7. BANAL
(a) Hostile
(b) Commonplace
(c) Forbidden
(d) Genial

8. FRUGAL
(a) Quiet
(b) Economical
(c) Shy
(d) Generous

9. QUAGMIRE
(a) Rugged cliff
(b) Lacking in morals
(c) Quizzical
(d) Whirlpool

10. CELERITY
(a) Grace
(b) Fame
(c) Slipperiness
(d) Speed

11. REPRISAL
(a) Surprise
(b) Award
(c) Revision
(d) Retaliation

12. CONGENITAL
(a) Compulsory
(b) Dating from birth
(c) Official
(d) Pertaining to commerce

13. COMMISERATION
(a) Sympathy
(b) Simplification
(c) Slip of tongue
(d) Arrogance

14. INSIDIOUS
(a) Substantial
(b) Unstable
(c) Instantaneous
(d) Cunning

15. BREATHTAKING
(a) Tiring
(b) Costly
(c) Spectacular
(d) Trick

16. PREPOSTEROUS
(a) Predefined
(b) Obvious
(c) Absurd
(d) Arduous

17. SLOTHFUL
(a) Fraught with risk
(b) Lazy
(c) Revengeful
(d) Lenient

ANSWERS:  1. (b) 2. (c) 3. (b) 4. (c) 5. (c) 6. (d) 7. (b) 8. (b) 9. (d) 10. (d) 11. (d) 12. (b) 13. (a) 14. (d) 15. (c) 16. (c) 17. (b)

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Q. What is Bank rate?

Bank Rate is the rate at which central bank of the country (in India it is RBI) allows finance to commercial banks. Bank Rate is a tool, which central bank uses for short-term purposes. Any upward revision in Bank Rate by central bank is an indication that banks should also increase deposit rates as well as Prime Lending Rate. This any revision in the Bank rate indicates could mean more or less interest on your deposits and also an increase or decrease in your EMI.

Q. What is Bank Rate? (For Non Bankers) :

This is the rate at which central bank (RBI) lends money to other banks or financial institutions. If the bank rate goes up, long-term interest rates also tend to move up, and vice-versa. Thus, it can said that in case bank rate is hiked, in all likelihood banks will hikes their own lending rates to ensure and they continue to make a profit.

Q. What is CRR?

The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with its gazette notification. Consequent upon amendment to sub-Section 42(1), the Reserve Bank, having regard to the needs have securing the monetary stability in the country, can prescribe Cash Reserve Ratio (CRR) for scheduled banks without any floor rate or ceiling rate. [Before the enactment of this amendment, in terms of Section 42(1) of the RBI Act, the Reserve Bank could prescribe CRR for scheduled banks between 3 per cent and 20 per cent of total of their demand and time liabilities].RBI uses CRR either to drain excess liquidity or to release funds needed for the economy from time to time. Increase in CRR means that banks have less funds available and money is sucked out of circulation. Thus we can say that this serves duel purposes i.e. it not only ensures that a portion of bank deposits is totally risk-free, but also enables RBI to control liquidity in the system, and thereby, inflation by tying the hands of the banks in lending money.

Q. What is CRR (For Non Bankers) :

CRR means Cash Reserve Ratio. Banks in India are required to hold a certain proportion of their deposits in the form of cash. However, actually Banks don’t hold these as cash with themselves, but deposit such case with Reserve Bank of India (RBI) / currency chests, which is considered as equivalent to holding cash with themselves.. This minimum ratio (that is the part of the total deposits to be held as cash) is stipulated by the RBI and is known as the CRR or Cash Reserve Ratio. Thus, when a bank’s deposits increase by Rs100, and if the cash reserve ratio is 9%, the banks will have to hold additional Rs 9 with RBI and Bank will be able to use only Rs 91 for investments and lending / credit purpose. Therefore, higher the ratio (i.e. CRR), the lower is the amount that banks will be able to use for lending and investment. This power of RBI to reduce the lendable amount by increasing the CRR makes it an instrument in the hands of a central bank through which it can control the amount that banks lend. Thus, it is a tool used by RBI to control liquidity in the banking system.

Q. What is SLR?

Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities. The ratio of liquid assets to demand and time liabilities is known as Statutory Liquidity Ratio (SLR). Present SLR is 24%. (Reduced i.e. 8/11/208, from earlier 25%) RBI is empowered to increase this ratio up to 40%. An increase in SLR also restricts the bank’s leverage position to pump more money into the economy.

Q. What is SLR? (For Non Bankers) :

SLR stands for Statutory Liquidity Ratio. This term is used by bankers and indicates the minimum percentage of deposits that the bank has to maintain in form of gold, cash or other approved securities. Thus, we can say that it is ratio of cash and some other approved to liabilities (deposits) It regulates the credit growth in India.

Q. What is Repo rate and Reverse Repo rate?

Repo (Repurchase) rate is the rate at which the RBI lends shot-term money to the banks. When the repo rate increases borrowing from RBI becomes more expensive. Therefore, we can say that in case, RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate; similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate

Reverse Repo rate is the rate at which banks park their short-term excess liquidity with the RBI. The RBI uses this tool when it feels there is too much money floating in the banking system. An increase in the reverse repo rate means that the RBI will borrow money from the banks at a higher rate of interest. As a result, banks would prefer to keep their money with the RBI

Applications are invite for appointment as Officer cadre and Office Assistant :

• Officer Scale – I : 34 posts (UR-19, SC-4, ST-2, OBC-9) (PH-1, Ex.SM-3), Age : 26 years, Pay Scale : Rs.10000-18240., Written Exam on 19/12/2010
• Office Assistant : 56 posts (UR-28, SC-10, ST-7, OBC-11) (PH-2, Ex.SM-5), Age : 26 years, Pay Scale : Rs.4410-13210., Written Exam on 12/12/2010

Application Fee : Rs.300/-  (Rs.50/- for SC/ST/PH/-Ex-SM candidates) only by means of  DD / Banker’s Cheque from a Schedule Bank in favour of ”HKGB Recruitment Officers Project 2010″ or “HKGB Recruitment Clerical Project 2010″ pakable at Kota. Candidate must write his/her name, date of birth, address and post applied on reverse side of Bank DD/ Banker’s Cheque.

How to Apply : Application in the prescribed format  should be sent on or before 21/09/2020 to :

Officer : Post Box No. 8597, Kandivali (East), Mumbai – 400101

Clerk-cum-Cashier-cum-Office Assistant : Post Box No. 9707, Borivali (East), Mumbai – 400066
Please visit http://www.hkgbkota.com/ for all the details and application format  or see Employment News dated 28/08/2020 for details and application format.

Central Bank of India, a leading Public Sector Bank, invites applications from Indian Citizens for appointment of following Specialist Officers posts :

1. Chief Manager (Forensic)  : 01 post
2. Chief Manager (Investigation)  : 01 post
3. Senior Manager (Detective)  : 02 posts
4. Defence Banking Advisor (Army) : 01 post
5. Defence Banking Advisor (Air Force) : 01 post
6. Defence Banking Advisor (Navy) : 01 post
7. Fraud Investigation Officer : 01 post
8. Business Development Officer  : 02 posts

How to Apply : Application in the prescribed format should be sent on or before 29/09/2010.

Please visit Career section of Central Bank of India website at https://www.centralbankofindia.co.in/site/MainSite.aspx?status=1&menu_id=17 for details and application format.

Recruitment of Probationary officers in Bank of Maharashtra – 2010

Bank of Maharashtra invites Online applications for the following posts of Probationary Officers :

1. Probationary Officers (PO) (JMGS-I) : 150 posts (UR-76, SC-23,ST-11,OBC-40) (PH-4),  Age : 21-30 years, Qualification : A Bachelor’s Degree with a minimum of 60% marks or an equivalent grade OR A Master’s Degree with a minimum of 55% marks or an equivalent grade OR Chartered/ Cost Accountant /Company Secretary (ACS) with a Bachelor’s Degree OR Post Graduate Diploma in Management  PLUS Computer Literacy, (Backed by a certificate of a recognized institution for having completed a course of the duration of 100 hours.), Pay Scale : JMGS-I Rs.14500-25700/-

Application Fee : Rs. 300/- (Rs.50/- for SC/ST/PWD)  to be paid in the CBS branches of Bank of Maharashtra by a Challan.  or by Online payment through NEFT only.

How to Apply : Apply online at Bank of Maharashtra website up to 30/09/2010. After applying on-line, the registered candidates should obtain a system-generated Print-Out of the registered information for future use. Do not send it to the bank.

Important Dates :

• Last Date of online registration : 30/09/2010
• Date of Written Test : 19/12/2010

Please refer http://www.bankofmaharashtra.in/downdocs/Bom_Probationary_officers.pdf for more information and details like educational qualification, age, reservation, selection procedure, test centers etc., Challan is available at http://www.bankofmaharashtra.in/downdocs/Challan_Format_pro.pdf and apply online for Probationary officers at http://app7.ibps.in/bompo/

Allahabad Bank invites ONLINE applications from Indian Citizens for the following posts as follows :

• Chief Law Officer : 01 post in TEG-VI Scale
• Assistant General Manager (Economist) : 01 post in SMG-V Scale
• Chief Manager (Taxation) : 01 post in SMG-IV Scale
• Senior Manager (Treasury cum Forex) : 10 posts in MMG-III Scale
• Manager (Research Analyst/ Statistician) : 02  posts in MMG-II Scale
• Manager (Taxation) : 02 posts in MMG-II Scale
• Manager (Law)  : 19 posts in MMG-II Scale
• Manager (Security) : 10 posts in MMG-II Scale
• Official Language Officer/ Hindi Officer : 06 posts in JMG-I Scale
• Officer (IT) : 75 posts in JMG-I Scale

Application Fee :  Rs.400/- (Rs.50/- for SC/ST/PH candidates) to be deposited in the Allahabad Bank’s CBS Branches in the A/c No. 50034716818 by Challan.

How To Apply :Apply Online at Allahabad Bank website only from 07/09/2010 to 04/10/2010. After applying online, take a print out of the system generated registration details and  keep it safely for future reference, do not  send it to the bank.

Important Dates :

• Opening of Online Application - 07/09/2010
• Last Date for Online Receipt of Applications - 04/10/2010
• Date of Written Test for Some posts - 05/12/2010

Detailed information is available at http://recruitment.allahabadbank.in/pdfs/recruitment-06-sep-10.doc Challan Form  is available at http://recruitment.allahabadbank.in/pdfs/recruitment-06-sep-10a.doc and link to online submission of application, will be made form 07/09/10   at http://www.allahabadbank.com/recruitment.asp

As the world’s largest democracy and a rising power, India has gradually begun to play a larger role on the international stage. Carnegie experts offer analysis of India’s role in the nonproliferation regime, with particular focus on U.S.-India nuclear cooperation, India’s growing regional and global influence, and its relations with Pakistan. The economy of India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). Following strong economic reforms from the socialist inspired economy of a post-independence Indian nation, the country began to develop a fast-paced economic growth, as free market activities initiated in 1990 for international competition and foreign investment. India is an emerging economic power with a very large pool of human and natural resources, and a growing large pool of skilled professionals. Economists predict that by 2020, India will be among the leading economies of the world. For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving, on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to. Economic activities which showed significant growth rates in 2009-10 over the corresponding period last year were mining and quarrying (10.6 per cent), manufacturing (10.8 per cent), electricity, gas and water supply (6.5 per cent), construction (6.5 per cent), trade, hotels, transport and communications (9.3 per cent), financing, insurance, real estate and business services (9.7 per cent), community, social and personal services (5.6 per cent). The Gross National Income is estimated to rise by 7.3 per cent in 2009-10 as compared to 6.8 per cent in 2008-09. The per capita income is estimated to grow at 5.6 per cent in 2009-10.

1. If it is possible to make only one meaningful word with the Third,

Seventh, Eighth and Tenth letters of the word COMPATIBILITY, which of the

following would be the last letter of that word ? If no such word can be

made, give ‘X’ as your answer and if more than one such word can be formed,

give your answer as ‘Y’.

(A) I

(B) B

(C) L

(D) X

(E) Y

Ans : (B)

2. Four of the following five are alike in a certain way and so form a

group. Which is the one that does not belong to that group ?

(A) Stem

(B) Tree

(C) Root

(D) Branch
(E) Leaf

Ans : (B)

3. How many meaningful three letter English words can be formed with the

letters AER, using each letter only once in each word ?

(A) None

(B) One

(C) Two

(D) Three

(E) Four

Ans : (D)

4. In a certain code FINE is written HGPC.

How is SLIT written in that code ?

(A) UTGR

(B) UTKR

(C) TUGR

(D) RUGT

(E) None of these
Ans : (E)

5. If ‘Apple’ is called ‘Orange’, ‘Orange’ is called ‘Peach’, ‘Peach’ is

called ‘Potato’, ‘Potato’ is called ‘Banana’, ‘Banana’ is called ‘Papaya’

and ‘Papaya’ is called ‘Guava’, which of the following grows underground ?

(A) Potato

(B) Guava

(C) Apple

(D) Banana

(E) None of these

Ans : (D)

6. If the digits in the number 86435192 are arranged in ascending order,

what will be the difference between the digits which are second from the

right and fourth from the left in the new arrangement ?

(A) One

(B) Two

(C) Three

(D) Four
(E) None

Ans : (D)

7. Each vowel of the word ADJECTIVE is substituted with the next letter of

the English alphabetical series, and each consonant is substituted with the

letter preceding it. How many vowels are present in the new arrangement ?

(A) None

(B) One

(C) Two

(D) Three

(E) None of these

Ans : (C)

8. If in a certain language LATE is coded as 8&4$ and HIRE is coded as 7***3$

then how will HAIL be coded in the same language ?

(A) 7&8***

(B) &7***8
(C) 7***&8

(D) 7&***8

(E) None of these

Ans : (D)

9. How many such pairs of letters are there in word ENGLISH, each of which

has as many letters between its two letters as there are between them in the

English alphabets ?

(A) None

(B) One

(C) Two

(D) Three

(E) More than three

Ans : (E)

10. In a certain code ‘na pa ka so’ means ‘birds fly very high’, ‘ri so la

pa’ means ‘birds are very beautiful’ and ‘ti me ka bo’ means ‘the parrots
could fly’. Which of the following is the code for ‘high’ in that language ?

(A) na

(B) ka

(C) bo

(D) so

(E) None of these

Ans : (A)

*Directions*—(Q. 11–15) In each of the questions below are given three

statements followed by two conclusions numbered I and II. You have to take

the given statements to be true even if they seem to be at variance from

commonly known facts. Read both the conclusions and then decide which of the

given conclusions logically follows from the given statements disregarding

commonly known facts.

Read the statements and the conclusions which follow it and

*Give answer—*

(A) if only conclusion I is true.

(B) if only conclusion II is true.
(C) if either conclusion I or conclusion II is true.

(D) if neither conclusion I nor conclusion II is true

(E) if both conclusions I and II are true.

11. *Statements :* All stars are suns.

Some suns are planets.

All planets are satellites.

*Conclusions :*

I. Some satellites are stars.

II. No star is a satellite.

Ans : (C)

12. *Statements :* All fishes are birds.

All birds are rats.

All rats are cows.

*Conclusions :*

I. All birds are cows

II. All rats are fishes

Ans : (A)

13. *Statements :* All curtains are rods.

Some rods are sheets.

Some sheets are pillows.

*Conclusions :

*I. Some pillows are rods.

II. Some rods are curtains.

Ans : (B)

14. *Statements :* Some walls are windows.

Some windows are doors.

All doors are roofs.

*Conclusions :

*I. Some doors are walls.

II. No roof is a window.

Ans : (D)

15. *Statements :* All switches are plugs.

Some plugs are bulbs.

All bulbs are sockets.
*Conclusions :*

I. Some sockets are plugs.

II. Some plugs are switches.

Ans : (E)

*Directions*—(Q. 16–20) Study the sets of numbers given below and answer the

questions, which follow :

489 – 541 – 654 – 953 – 983

16. If in each number, the first and the last digits are interchanged, which

of the following will be the second highest number ?

(A) 489

(B) 541

(C) 654

(D) 953

(E) 783

Ans : (C)

17. If in each number, all the three digits are arranged in ascending order,

which of the following will be the lowest number ?
(A) 489

(B) 541

(C) 654

(D) 953

(E) 783

Ans : (B)

18. Which of the following numbers will be obtained if the first digit of

lowest number is subtracted from the second digit of highest number after

adding one to each of the numbers ?

(A) 1

(B) 2

(C) 3

(D) 4

(E) 5

Ans : (A)

19. If five is subtracted from each of the numbers, which of the following

numbers will be the difference between the second digit of second highest
number and the second digit of the highest number ?

(A) Zero

(B) 3

(C) 1

(D) 4

(E) 2

Ans : (B)

20. If in each number the first and the second digits are interchanged,

which will be the third highest number ?

(A) 489

(B) 541

(C) 654

(D) 953

(E) 783

Ans : (D)

*Directions*—(Q. 21–25) Read the following information carefully and answer

the questions, which follow :
‘A – B’ means ‘A is father of B’

‘A + B’ means ‘A is daughter of B’

‘A ÷ B’ means ‘A is son of B’

‘A × B’ means ‘A is wife of B’

21. Which of the following means P is grandson of S ?

(A) P + Q – S

(B) P ÷ Q × S

(C) P ÷ Q + S

(D) P × Q ÷ S

(E) None of these

Ans : (C)

22. How is P related to T in the expression ‘P + S – T’ ?

(A) Sister

(B) Wife

(C) Son

(D) Daughter

(E) None of these
Ans : (A)

23. In the expression ‘P + Q × T’ how is T related to P ?

(A) Mother

(B) Father

(C) Son

(D) Brother

(E) None of these

Ans : (B)

24. Which of the following means T is wife of P ?

(A) P × S ÷ T

(B) P ÷ S × T

(C) P – S ÷ T

(D) P + T ÷ S

(E) None of these

Ans : (E)

25. In the expression ‘P × Q – T’ how is T related to P ?

(A) Daughter
(B) Sister

(C) Mother

(D) Can’t be determined

(E) None of these

Ans : (D)

*Directions*—(Q. 26–30) In each of these questions a group of letters is

given followed by four combinations of number/symbol *lettered *(A), (B),

(C) & (D). Letters are to be coded as per the scheme and conditions given

below. You have to find out the serial letter of the combination, which

represents the letter group. Serial letter of that combination is your

answer. If none of the combinations is correct, your answer is (E) i.e. None

of these :

*Letters* *#* Q M S I N G D K A L P R B J E

*Number/ Symbol* *#* 7 @ 4 # % $ 6 1 2 £ 5 * 9 8 3

*Conditions :*
(i) If the first letter is a consonant and the last a vowel, both are to be

coded as the code of the vowel.

(ii) If the first letter is a vowel and the last a consonant, the codes for

the first and the last are to be interchanged.

(iii) If no vowel is present in the group of letters, the second and the

fifth letters are to be coded as ©.

26. BKGQJN

(A) 9©$7©%

(B) ©9$7%©

(C) 91$78%

(D) %1$789

(E) None of these

Ans : (A)

27. IJBRLG

(A) #89*£$

(B) #89*£#

(C) $89*£#
(D) $89*£$

(E) None of these

Ans : (C)

28. BARNIS

(A) 92*#%4

(B) 924#*%

(C) 92*#%9

(D) 42*#%4

(E) None of these

Ans : (E)

29. EGAKRL

(A) #£$21*

(B) £$21*3

(C) £$21*#

(D) #£$21#

(E) None of these

Ans : (B)

30. DMBNIA

(A) 6@9%#2

(B) 2@9%#6

(C) 2@9%#2

(D) 2©9%#2

(E) None of these

Ans : (C)

*Directions*—(Q. 31–35) Study the following information carefully to answer

these questions.

Eight persons A, B, C, D, E, F, G and H work for three different companies

namely X, Y and Z. Not more than three persons work for a company. There are

only two ladies in the group who have different specializations and work for

different companies. Of the group of friends, two have specialization in

each HR, Finance and Marketing. One member is an engineer and one is a

doctor. H is an HR specialist and works with a Marketing specialist B who

does not work for company Y. C is an engineer and his sister works in

company Z. D is a specialist in HR working in company X while her friend G
is a finance specialist and works for company Z. No two persons having the

same specialization work together. Marketing specialist F works for company

Y and his friend A who is a Finance expert works for company X in which only

two specialists work. No lady is a marketing specialist or a doctor.

31. For which of the following companies does C work ?

(A) Y

(B) X

(C) Z

(D) Data inadequate

(E) None of these

Ans : (A)

32. Which of the following represents the pair working in the same company ?

(A) D and C

(B) A and B

(C) A and E

(D) H and F

(E) None of these
Ans : (E)

33. Which of the following combination is correct ?

(A) C–Z-Engineer

(B) E–X–Doctor

(C) H–X–HR

(D) C–Y–Engineer

(E) None of these

Ans : (D)

34. Who amongst the friends is a doctor ?

(A) H

(B) E

(C) C

(D) Either E or C

(E) None of these

Ans : (B)

35. Which of the following pairs represents the two ladies in the group ?

(A) A and D
(B) B and D

(C) D and G

(D) Data inadequate

(E) None of these

Ans : (C)

Canara Bank

Online Applications are invited for recruitment of 1500 various posts of Clerks and Probationary  Officers in Canara Bank.

1. Probationary Clerk : 1000 posts in various states, Age : 18 – 28 years, Qualification : Pass in 10+2 with 60% [SC/ST/PWD candidates – 55%] OR a pass in Graduation. Should have studied the local language of the State / Union Territory for which he / she is applying [as I / II / III language] either at SSLC / SSC or 10+2 or Graduation level., Pay Scale : 4410-13210
2. Probationary Officer [JMGS–I]  : 500 posts, Age : 21 – 30 years, Qualification :  Graduation with First Class with 60% [SC/ST/PWD candidates – 55%], Pay Scale : Rs.10000-18240/-

Application Fee : Rs.300/- for Officers and Rs.200/- for Clerk (Rs.50/- for SC/ST/PWD) to be deposited in any Canara Bank branch through Payment Voucher or By Online by Net Banking. Keep the receipt as this is to be shown at the time of Written Test.

Important Dates :

1. Opening Date for on-line registration in Website : 25/03/2010
2. Closing Date for on-line registration in Website :  24/04/2010
3. Tentative Date of Written Test for Probationary Officers : 04/07/2010
4. Tentative Date of Written Test for Probationary Clerks : 18/07/2010

For more information and Online submission of the Application visit Canara Bank website at http://www.canarabank.com/English/Scripts/RecruitmentProjectIndex.aspx

Bank of Baroda (BOB)

Bank of Baroda (BoB), India’s International Bank, looking for –2000 young, qualified and active minds to be partners in the transformation programme of the Bank in as Clerical cadre :

• Clerks: 2000 posts, Pay Scale : Pay Scale : Rs.4410-13210/-, Age : 18-28 years, Qualification : A 10 + 2 / Intermediate / HSC pass with 55% marks (50% for SC/ST/PWD & XSM OR A Degree with in any discipline or equivalent)

Application Fee : Rs. 200/- (Rs. 50/- for SC/ST/ PWD candidates on postage charges only) in any nearest Bank of Baroda Branch with the Fee payment Challan duly filled in and pay, in Cash, the appropriate Application Fee in Account No.29040200000170 with Bandra Kurla Complex Branch in favour of “RECRUITMENT OF -2000- CLERICAL STAFF – PROJECT 2010”.  Obtain the Counterfoil (Applicant’s Copy) of the Fee Payment Challan duly received by the Bank with (a) Branch Name & Code Number, (b) Transaction ID, (c) Date of Deposit & amount filled by the Branch Official.

How to Apply : Eligible candidates are advised to apply ‘ONLINE’ only at Bank of Baroda website.

Important Dates:

• Date for Online Registration : 17/03/2010 to 17/04/2010
• Date of Written Test : 06/06/2010

For more information and apply online, please visit http://www.bankofbaroda.com/recruitment.asp?artid=2278&modid=36

Some Unknown Facts about Indian Banking

The first bank in India to be given an ISO Certification
-Canara Bank

The first bank in Northern India to get ISO 9002 certification for their selected branches
-Punjab and Sind Bank

The first Indian bank to have been started solely with Indian capital
-Punjab National Bank

The first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act
-South Indian Bank

India’s oldest, largest and most successful commercial bank, offering the widest possible range of domestic, international and NRI products and services, through its vast network in India and overseas
-State Bank of India

India’s second largest private sector bank and is now the largest scheduled commercial bank in India
-The Federal Bank Limited

Bank which started as private shareholders banks, mostly Europeans shareholders
-Imperial Bank of India

The first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974
-Bank of India, founded in 1906 in Mumbai

The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 132 years
-Allahabad Bank

The first Indian commercial bank which was wholly owned and managed by Indians
-Central Bank of India

Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.

The following are the list of Public Sector Banks in India

*

Allahabad Bank
*

Andhra Bank
*

Bank of Baroda
*

Bank of India
*

Bank of Maharashtra
*

Canara Bank
*

Central Bank of India
*

Corporation Bank
*

Dena Bank
*

Indian Bank
*

Indian Overseas Bank
*

Oriental Bank of Commerce
*

Punjab & Sind Bank
*

Punjab National Bank
*

Syndicate Bank
*

UCO Bank
*

Union Bank of India
*

United Bank of India
*

Vijaya Bank

List of Private Banks in India

*

Bank of Punjab
*

Bank of Rajasthan
*

Catholic Syrian Bank
*

Centurion Bank
*

City Union Bank
*

Dhanalakshmi Bank
*

Development Credit Bank
*

Federal Bank
*

HDFC Bank
*

ICICI Bank
*

IDBI Bank
*

IndusInd Bank
*

ING Vysya Bank
*

Jammu & Kashmir Bank
*

Karnataka Bank
*

Karur Vysya Bank
*

Laxmi Vilas Bank
*

South Indian Bank
*

United Western Bank
*

UTI Bank

The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private shareholders in the begining. The Government held shares of nominal value of Rs. 2,20,000.

Reserve Bank of India was nationalised in the year 1949. The general superintendence and direction of the Bank is entrusted to Central Board of Directors of 20 members, the Governor and four Deputy Governors, one Government official from the Ministry of Finance, ten nominated Directors by the Government to give representation to important elements in the economic life of the country, and four nominated Directors by the Central Government to represent the four local Boards with the headquarters at Mumbai, Kolkata, Chennai and New Delhi. Local Boards consist of five members each Central Government appointed for a term of four years to represent territorial and economic interests and the interests of co-operative and indigenous banks.
The Reserve Bank of India Act, 1934 was commenced on April 1, 1935. The Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank.

The Bank was constituted for the need of following:

* To regulate the issue of banknotes
* To maintain reserves with a view to securing monetary stability and
* To operate the credit and currency system of the country to its advantage.

Functions of Reserve Bank of India

The Reserve Bank of India Act of 1934 entrust all the important functions of a central bank the Reserve Bank of India.

Bank of Issue

Under Section 22 of the Reserve Bank of India Act, the Bank has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government. The Reserve Bank has a separate Issue Department which is entrusted with the issue of currency notes. The assets and liabilities of the Issue Department are kept separate from those of the Banking Department. Originally, the assets of the Issue Department were to consist of not less than two-fifths of gold coin, gold bullion or sterling securities provided the amount of gold was not less than Rs. 40 crores in value. The remaining three-fifths of the assets might be held in rupee coins, Government of India rupee securities, eligible bills of exchange and promissory notes payable in India. Due to the exigencies of the Second World War and the post-was period, these provisions were considerably modified. Since 1957, the Reserve Bank of India is required to maintain gold and foreign exchange reserves of Ra. 200 crores, of which at least Rs. 115 crores should be in gold. The system as it exists today is known as the minimum reserve system.

Banker to Government

The second important function of the Reserve Bank of India is to act as Government banker, agent and adviser. The Reserve Bank is agent of Central Government and of all State Governments in India excepting that of Jammu and Kashmir. The Reserve Bank has the obligation to transact Government business, via. to keep the cash balances as deposits free of interest, to receive and to make payments on behalf of the Government and to carry out their exchange remittances and other banking operations. The Reserve Bank of India helps the Government – both the Union and the States to float new loans and to manage public debt. The Bank makes ways and means advances to the Governments for 90 days. It makes loans and advances to the States and local authorities. It acts as adviser to the Government on all monetary and banking matters.

Bankers’ Bank and Lender of the Last Resort

The Reserve Bank of India acts as the bankers’ bank. According to the provisions of the Banking Companies Act of 1949, every scheduled bank was required to maintain with the Reserve Bank a cash balance equivalent to 5% of its demand liabilites and 2 per cent of its time liabilities in India. By an amendment of 1962, the distinction between demand and time liabilities was abolished and banks have been asked to keep cash reserves equal to 3 per cent of their aggregate deposit liabilities. The minimum cash requirements can be changed by the Reserve Bank of India.

The scheduled banks can borrow from the Reserve Bank of India on the basis of eligible securities or get financial accommodation in times of need or stringency by rediscounting bills of exchange. Since commercial banks can always expect the Reserve Bank of India to come to their help in times of banking crisis the Reserve Bank becomes not only the banker’s bank but also the lender of the last resort.

Controller of Credit

The Reserve Bank of India is the controller of credit i.e. it has the power to influence the volume of credit created by banks in India. It can do so through changing the Bank rate or through open market operations. According to the Banking Regulation Act of 1949, the Reserve Bank of India can ask any particular bank or the whole banking system not to lend to particular groups or persons on the basis of certain types of securities. Since 1956, selective controls of credit are increasingly being used by the Reserve Bank.

The Reserve Bank of India is armed with many more powers to control the Indian money market. Every bank has to get a licence from the Reserve Bank of India to do banking business within India, the licence can be cancelled by the Reserve Bank of certain stipulated conditions are not fulfilled. Every bank will have to get the permission of the Reserve Bank before it can open a new branch. Each scheduled bank must send a weekly return to the Reserve Bank showing, in detail, its assets and liabilities. This power of the Bank to call for information is also intended to give it effective control of the credit system. The Reserve Bank has also the power to inspect the accounts of any commercial bank.

As supereme banking authority in the country, the Reserve Bank of India, therefore, has the following powers:
(a) It holds the cash reserves of all the scheduled banks.

(b) It controls the credit operations of banks through quantitative and qualitative controls.

(c) It controls the banking system through the system of licensing, inspection and calling for information.

(d) It acts as the lender of the last resort by providing rediscount facilities to scheduled banks.

Custodian of Foreign Reserves

The Reserve Bank of India has the responsibility to maintain the official rate of exchange. According to the Reserve Bank of India Act of 1934, the Bank was required to buy and sell at fixed rates any amount of sterling in lots of not less than Rs. 10,000. The rate of exchange fixed was Re. 1 = sh. 6d. Since 1935 the Bank was able to maintain the exchange rate fixed at lsh.6d. though there were periods of extreme pressure in favour of or against

the rupee. After India became a member of the International Monetary Fund in 1946, the Reserve Bank has the responsibility of maintaining fixed exchange rates with all other member countries of the I.M.F.

Besides maintaining the rate of exchange of the rupee, the Reserve Bank has to act as the custodian of India’s reserve of international currencies. The vast sterling balances were acquired and managed by the Bank. Further, the RBI has the responsibility of administering the exchange controls of the country.

Supervisory functions

In addition to its traditional central banking functions, the Reserve bank has certain non-monetary functions of the nature of supervision of banks and promotion of sound banking in India. The Reserve Bank Act, 1934, and the Banking Regulation Act, 1949 have given the RBI wide powers of supervision and control over commercial and co-operative banks, relating to licensing and establishments, branch expansion, liquidity of their assets, management and methods of working, amalgamation, reconstruction, and liquidation. The RBI is authorised to carry out periodical inspections of the banks and to call for returns and necessary information from them. The nationalisation of 14 major Indian scheduled banks in July 1969 has imposed new responsibilities on the RBI for directing the growth of banking and credit policies towards more rapid development of the economy and realisation of certain desired social objectives. The supervisory functions of the RBI have helped a great deal in improving the standard of banking in India to develop on sound lines and to improve the methods of their operation.

Promotional functions

With economic growth assuming a new urgency since Independence, the range of the Reserve Bank’s functions has steadily widened. The Bank now performs a varietyof developmental and promotional functions, which, at one time, were regarded as outside the normal scope of central banking. The Reserve Bank was asked to promote banking habit, extend banking facilities to rural and semi-urban areas, and establish and promote new specialised financing agencies. Accordingly, the Reserve Bank has helped in the setting up of the IFCI and the SFC; it set up the Deposit Insurance Corporation in 1962, the Unit Trust of India in 1964, the Industrial Development Bank of India also in 1964, the Agricultural Refinance Corporation of India in 1963 and the Industrial Reconstruction Corporation of India in 1972. These institutions were set up directly or indirectly by the Reserve Bank to promote saving habit and to mobilise savings, and to provide industrial finance as well as agricultural finance. As far back as 1935, the Reserve Bank of India set up the Agricultural Credit Department to provide agricultural credit. But only since 1951 the Bank’s role in this field has become extremely important. The Bank has developed the co-operative credit movement to encourage saving, to eliminate moneylenders from the villages and to route its short term credit to agriculture. The RBI has set up the Agricultural Refinance and Development Corporation to provide long-term finance to farmers.

Classification of RBIs functions

The monetary functions also known as the central banking functions of the RBI are related to control and regulation of money and credit, i.e., issue of currency, control of bank credit, control of foreign exchange operations, banker to the Government and to the money market. Monetary functions of the RBI are significant as they control and regulate the volume of money and credit in the country.

Equally important, however, are the non-monetary functions of the RBI in the context of India’s economic backwardness. The supervisory function of the RBI may be regarded as a non-monetary function (though many consider this a monetary function). The promotion of sound banking in India is an important goal of the RBI, the RBI has been given wide and drastic powers, under the Banking Regulation Act of 1949 – these powers relate to licencing of banks, branch expansion, liquidity of their assets, management and methods of working, inspection, amalgamation, reconstruction and liquidation. Under the RBI’s supervision and inspection, the working of banks has greatly improved. Commercial banks have developed into financially and operationally sound and viable units. The RBI’s powers of supervision have now been extended to non-banking financial intermediaries. Since independence, particularly after its nationalisation 1949, the RBI has followed the promotional functions vigorously and has been responsible for strong financial support to industrial and agricultural development in the country.

RESERVE BANK OF INDIA ADDRESS
Reserve Bank of India,
Central Office,
Shaheed Bhagat Singh Road,
Mumbai – 400 001.

Banking Sector – RBI policy

As part of its second quarterly review of the monetary policy for 2009-10, the RBI, on October 27, 2009, hiked the Statutory Liquidity Ratio (SLR) for scheduled commercial banks to 25 per cent from 24 per cent of their net demand and time liabilities (NDTL), with effect from November 7, 2009, even as other key rates were left untouched.

RBI Governor D. Subbarao noted that the Indian economy was awash with liquidity and there was possibility of considerable strain in the future from inflationary pressures. However, to keep growth on track, the apex bank left the Bank Rate untouched at 6 per cent while the repo rate under the liquidity adjustment facility (LAF) stay at 4.75 per cent. The reverse repo rate under the LAF, too, remains the same at 3.25 per cent. The cash reserve ratio (CRR) of scheduled banks also has been retained at 5 per cent of their net demand and time liabilities (NDTL).

Mr Subbarao pointed out that the global economy has shown signs of major improvement since the last review in July 2009. However, concerns remained of the recovery being fragile. “Even as output is reviving, unemployment is expected to increase to over 10 per cent. Investment is also expected to remain weak due to ruptured balance sheets, excess capacity and financing constraints. Bank collapses are continuing. World trade still remains below its level a year ago. On balance, while global economic prospects have improved, uncertainties remain about the pace and sustainability of economic recovery,” Subbarao said.

The RBI chief also noted that there were concerns of large government market borrowings. “During 2009-10 so far, the Central Government has already completed over 80 per cent (Rs 3,19,911 crore) of its net market borrowing and State governments have mobilised Rs 58,683 crore (net) through the market borrowing programme,” he stated.

Highlights

• Repo rate retained at 4.75 pc
• Reverse repo rate at 3.25 pc
• Cash Reserve Ratio kept at 5 pc
• Bank rates same at 6 pc
• Provisioning requirement for realty up at 1 pc from 0.40 pc
• Retains GDP growth projection for FY’10 at 6 pc
• Industrial production may revive further in coming months
• Ups inflation projection to 6.5 pc by March-end, from 5 pc
• Third quarterly review in January.