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Sunday 23 December 2018

General Awarnes Question of Promotion Exercise Clerck to Officer Dated 23.12.18






1. Solicitor general of India – Tushar Mehta

2. ASEAN Summit held at – Singapore

3. NSP – National Scholarship Portal

4. Mobile application to locate the banking infrastructure service – JAN DHAN DARSHAK

5. K J Alphons launched tribal circuit – Chhatisgarh

6. Samudra Maitri exercise for tsunami effecting area – Indonesia

7. Indirect Tax – GST

8. Chail Wildlife sanctuary – Himachal Pradesh

9. Under water Robotics drone – eyeROV TUNA

10. 3 year contact with Australian open – Infosys

11. Biggest coastline – Gujarat

12. Highest Gallantry Award – Paramvir Chakra

13. SEBI committee Head for foreign relaxation – H R Khan

14. Swaraj mera janm sidha adhikar hai – Bal Gangadhar Tilak

15. NITI aayog Atal Innovation – IBM

16. One buyer one purchaser – Monophony

17. In Mumbai, BSNL internet telephony - WINGS

18. Max loan provide in PSB loan in 59 Minutes – 1 crore

19. WHO Alcohal - Safer

20. Shri Piyush Goyal, Minister of Railways & Coal launched a new App- ‘Menu on Rails' or web portal – Rail Sahyog


...By Sources....

Monday 17 December 2018

Quiz on Digital Product








Digital Product




  1. In Baroda Connect, how many beneficiaries can be registered in one day?

  2. 1
    2
    4
    5

  3. What is the per transaction limit without debit card in our Cash Deposit Machine?

  4. 10,000
    15,000
    20,000
    25,000

  5. Baroda Travel Easy Card is not available in

  6. USD
    EURO
    YEN
    GBP

  7. In IMPS P2P what are the main beneficiaries credentials

  8. Mobile number and Account number
    Mobile number and MMID
    Aadhar number and MMID
    Account number and MMID

  9. In IMPS Menu in Finacle which mode is not available?

  10. P2B
    P2A
    A2C
    P2M

  11. In Full form of IMPS what “S” stands for?

  12. System
    Services
    Solution
    Sources

  13. Direct access codes are related with –

  14. USSD in Banking
    Baroda Connect
    Mobile Snippets
    EMV chip card

  15. Maximum amount which can be remitted through NUUP in a day –

  16. 5,000
    10,000
    15,000
    25,000

  17. Per day ATM Cash withdrawal limit in RUPAY PLATINUM CARD is –

  18. 10,000
    1,00,000
    50,000
    25,000

  19. The premium on accident insurance under PMJDY will be borne by?

  20. NPCI
    Customer
    Bank
    DFS

Also Solve : Quiz on Finacle 10


MCQ ON FINACLE 10







1. What is the menu option to change customer constitution code in Finacle 10?

a. MRCR b. MCEC c. CUSTMOD d. CUSTCONS

2. Menu option to change interest rate for loan accounts?

a. HINTTM b. HLINTTM C. HACMLA d. HACINT

3. Menu option to link aadhaar card in Finacle 10?

a. UIDLNK b. ASBR c. HABPSLN d. HAEPSLN

4. Menu option to change Sanction limit or Drawing power of CCOD Loan accounts?

a. HACM b. HACMLA c. HACLHM d. HLNM

5. For arriving drawing power in LABOD account in Finacle 10?

a. HCLM to be used

b. During account opening

c. HALM

d. HCLL

6. Menu Option for opening Packing Credit?

a. OAACPC b. OAACPS c. HOAACPS d. HOAACPC

7. Menu option for generation of GL PL from Finacle 10?

a. GR b. HGR c. HGR1 d. HGR2

8. Menu option for generation of account due for Review report?

a. ACDREV b. HACDMTR c. HACDREV d. ACDMTR

9. For attaching inventory for the first time in CC account, menu option to be used?

a. HCLM only

b. HCLM and HSCLM

c. HSCLM only

d. HALM




10. Menu for disbursement of packing credit in Finacle 10?

a. RPCTM b. HRPCTM c. HLADISB d. MTFT

11. Entering of Form 15G 15H is done through the menu?

a. FORM 15G

b. HTDSCON

c. HACM

d. TDSCON


12. Account ledger enquiry for the accounts in Finacle 10 ?

a. HACLI b. ACLI c. HACLINQ a. HAFI

13. Menu option to know customer summary?

a. CUSUM b. HCUSUM C. HCUALI d. HCUACC

14. Menu option to make payment of Sundry Charges for photo copying?

a. PLHTM b. VENPAY c. HTM d. TM

15. Entering of Form 15 CA and form 15 CB in Finacle 10 thorough?

a. Form 15 CA b. Form 15 CB c. Form 15CC d. not required



Answer Key                 



Q.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
A.
C
B
A
C
B
B
C
B
B
D
D
C
B
B
C


Saturday 15 December 2018

QUIZ ON FINACLE 10









My Quiz




  1. What is the menu option to change customer constitution code in Finacle 10?

  2. MRCR
    MCEC
    CUSTMOD
    CUSTCONS

  3. Menu option to change interest rate for loan accounts?

  4. HINTTM
    HLINTTM
    HACMLA
    HACINT

  5. Menu option to link aadhaar card in Finacle 10?

  6. UIDLNK
    ASBR
    HABPSLN
    HAEPSLN

  7. For arriving drawing power in LABOD account in Finacle 10?

  8. HCLM to be used
    During account opening
    HALM
    HCLL

  9. Menu Option for opening Packing Credit?

  10. OAACPC
    OAACPS
    HOAACPS
    HOAACPC

  11. Menu option for generation of GL PL from Finacle 10?

  12. GR
    HGR
    HGR1
    HGR2

  13. Menu option for generation of account due for Review report?

  14. ACDREV
    HACDMTR
    HACDREV
    ACDMTR

  15. Menu for disbursement of packing credit in Finacle 10?

  16. RPCTM
    HRPCTM
    HLADISB
    MTFT

  17. Menu option to know customer summary?

  18. CUSUM
    HCUSUM
    HCUALI
    HCUACC

  19. Menu option to make payment of Sundry Charges for photo copying?

  20. PLHTM
    VENPAY
    HTM
    HGCSRG




Thursday 13 December 2018

MCQ for Promotion Exam







1. Baroda Gift Card can be used for transactions at ___

A. POS only

B. POS & Online purchases

C. POS & BoB ATM

D. POS & Online purchases & Bob ATM



2. Baroda e-Gateway processes _____ transactions.

A. Internet Banking transactions only

B. Mobile Banking transactions

C. Visa & Master Card transactions

D. All e-banking transactions



3. The amount of penalty payable to customers for non-reimbursement of failed ATM transaction amount within seven working days is ____.

A. Rs.1000

B. Rs.5000

C. Equivalent to transaction amount

D. Rs.100 per day from 8th working day of receiving complaint if complaint                                                        received within 30 days from the date of transaction



4. ___ Nos. Financial and Non-Financial Transactions (both inclusive) during each calendar month is free for Saving Bank Account Holder.

A. 4

B. 5

C. 7

D. 10



5. Information Technology Act was introduced in the year __

A. 1996

B. 2000

C. 2004

D. 2008



6. BarodaRemitXpress is an Online International Money Transfer Service provided in association with

A. VISA

B. Master Card

C. Times of Money

D. UAEEFSL



7. The following are the services offered by Baroda Contact Centre

A. Branch / ATM Locator

B. Blocking of Debit Card

C. Stop Payment of Cheque

D. All the above



8. No. of ATM transactions allowed per day in Visa Platinum Debit Card is

A. 4

B. 5

C. 8

D. 10



9. Facility of Baroda Contact Centre is available daily to customers from

A. 10am to 5pm

B. 24 hours a day

C. 6am to 10 pm

D. 6am to 6pm



10. RuPay Card has been launched by ____

A. IDRBT

B. RBI

C. NPCI

D. IBA







Answer Key



1
2
3
4
5
6
7
8
9
10
B
C
D
B
B
C
D
D
C
C


Thanks.


MCQ ON DIGITAL BANKING






MCQ ON DIGITAL BANKING



1. What is the full form of MMID –

A.  Money Massage Identity

B.  Mobile Money Interface

C.  Mobile Massage Identifier

D.  Mobile Money Identifier



2. What is the full form of UPI

A.  Unified Payment Interface

B.  Unique Payment Interface

C.  United Payment Interface

D.  Unified Processing Interface



3. UPI is an initiative of –

A.  RBI

B.  SEBI

C.  IRDA

D.  NPCI



4. VPA stands for –

A.  Virtual Payment Address

B.  Virtual Processing Address

C.  Vital Payment Authority

D.  Visible Payment Authority



5. In BHIM Baroda Pay, what is the full form of BHIM

A.  Bharat Intensive Mobility

B.  Bharat Interface for Money

C.  Bharat Intercom for Message

D.  Bharat Intercom for Money



6. Full form of IPG

A.  International Payment Gateway

B.  Internet Payment Gateway

C.  Internet Processing Gateway

D.  Internet Payment Grid



7. Debit card PIN generation through BOB ATM is called

A.  Pink PIN

B.  Green PIN

C.  Red PIN

D.  Blue PIN



8. Baroda Travel Easy card valid for a period of __ yr from date of issue

A.  1

B.  3

C.  5

D.  10



9. Baroda Travel Easy card is not available in

A.  Euros

B.  Sterling Pound

C.  US Dollars

D.  Arab Emirate Dirhams



10. Maximum account that can be linked to single BOB debit card

A.  10

B.  9

C.  5

D.  1



 ANSWER KEY


Que
1
2
3
4
5
6
7
8
9
10
Ans
C
A
D
A
B
B
B
B
D
B



Wednesday 12 December 2018

Quiz 2 for Promotion Exam









Digital Banking




  1. What is the full form of MMID

  2. A. Money Massage Identity
    B. Mobile Money Interface
    C. Mobile Massage Identifier
    D. Mobile Money Identifier

  3. What is the full form of UPI

  4. A. Unified Payment Interface
    B. Unique Payment Interface
    C. United Payment Interface
    D. Unified Processing Interface

  5. UPI is an initiative of –

  6. A. RBI
    B. SEBI
    C. IRDA
    D. NPCI

  7. VPA stands for –

  8. A. Virtual Payment Address
    B. Virtual Processing Address
    C. Vital Payment Authority
    D. Visible Payment Authority

  9. Full form of IPG

  10. A. International Payment Gateway
    B. Internet Payment Gateway
    C. Internet Processing Gateway
    D. Internet Payment Grid

  11. In BHIM Baroda Pay, what is the full form of BHIM

  12. A. Bharat Intensive Mobility
    B. Bharat Interface for Money
    C. Bharat Intercom for Message
    D. Bharat Intercom for Money

  13. Debit card PIN generation through BOB ATM is called

  14. A. Pink PIN
    B. Green PIN
    C. Red PIN
    D. Blue PIN

  15. Baroda Travel Easy card valid for a period of __ yr from date of issue

  16. A. 1
    B. 3
    C. 5
    D. 10

  17. Baroda Travel Easy card is not available in

  18. A. Euros
    B. Sterling Pound
    C. US Dollars
    D. Arab Emirate Dirhams

  19. Maximum account that can be linked to single BOB debit card

  20. A. 10
    B. 9
    C. 5
    D. 1





Tuesday 11 December 2018

Quiz for Promotional Exam







My Quiz




  1. Baroda Gift Card can be used for transactions at

  2. POS only
    POS & Online purchases
    POS & BoB ATM
    POS & Online purchases & Bob ATM

  3. Baroda e-Gateway processes _____ transactions

  4. Internet Banking transactions only
    Mobile Banking transactions
    Visa & Master Card transactions
    All e-banking transactions

  5. Information Technology Act was introduced in the year

  6. 1996
    2000
    2004
    2008

  7. BarodaRemitXpress provided in association with

  8. VISA
    Master Card
    Times of Money
    UAEEFSL

  9. The following are the services offered by Baroda Contact Centre

  10. Branch / ATM Locator
    Blocking of Debit Card
    Stop Payment of Cheque
    All the above

  11. No. of ATM transactions allowed per day in Visa Platinum Debit Card is

  12. 4
    5
    8
    10

  13. RuPay Card has been launched by

  14. IDRBT
    RBI
    NPCI
    IBA

  15. Facility of Baroda Contact Centre is available daily to customers from

  16. 10am to 5pm
    24 hours a day
    6am to 10 pm
    6am to 6pm

  17. In IMPS per transaction limit for Retail customer in Baroda Connect is

  18. 25000
    50000
    100000
    200000

  19. Baroda Rewards points expire in ___ years.

  20. 1
    2
    3
    4



Tuesday 23 October 2018

Principal of Banking








  1. Which of the following instruments is used by public to directly lend to the Government ?

  2. Bank Deposits
    Public Provident Fund
    T-Bills
    Certificates of Deposit

  3. Inter-bank call money refers to borrowing among banks for -

  4. Overnight
    Two days
    More than 14 days
    Less than 14 days

  5. Certificates of Deposits have to be of a minimum value of

  6. Rupees 1 lakh
    Rupees 10 lakh
    Rupees 25 lakh
    Rupees 1 Crore

  7. Commercial Bills market is a part of

  8. Organised money market
    Unorganised money market
    Stock market
    None of the above

  9. A scheduled commercial bank is one

  10. Which is included in the Second Schedule of the RBI Act 1934
    Which is included in the Banking Regulation Act, 1949
    Both (a) and (b)
    None of above

  11. Indigenous bankers are regulated by

  12. Reserve Bank of India
    Ministry of Finance
    Registrar of Co-operative Societies
    None of the above

  13. What is the stipulated share of the priority sector in the net bank credit?

  14. 35 %
    20 %
    40 %
    45 %

  15. Mutual funds are regulated by

  16. Association of Mutual Funds of India (AMFI)
    Securities and Exchange Board of India (SEBI)
    Reserve Bank of India
    None of the above

  17. A growth fund is

  18. One in which the money is invested in equities
    One in which the money is invested in government bonds
    One in which the money is invested equally in equity and bonds
    Money is invested only in money market instruments

  19. ARCIL is an example of

  20. A financial institution
    A mutual fund
    An asset management company set up to acquire NPAs of banks
    A discount and financing house



Economic Reform







Transformation

Transformation of Indian economy has taken place in the era of economic reforms, with service sector share in GDP having gone to 64%, while that of agriculture shrinking to 17% (from 38%) and industry share remaining around 19%. Further, the domestic economy is far more integrated with global economy, which is visible from increasing trade volumes, financial inflows etc.

Timing of reforms: The economic reforms introduced during 1991 have been outcome, mainly of fiscal crisis and external payment crisis.




Economic Transformation — Real Sector

Initially, the real sector policy measures mainly focused on manufacturing sector which included:

a) Deregulation of industry by way of removing licensing requirement,

b) Overhauling public enterprises,

c) Enhanced role for private sector,

d) Abolition of MRTP Act,

e) Automatic approval route for FDI,

f) Reduction in import tariffs,

 g) Removal of quantitative restrictions on imports etc.

Service Sector: Entry of private sector and FDI introduced competition and state of the 'at technology which brought sea change in the services sector. The boom in Information Technology Enabled Services led to an era of services led growth and India emerged as global hub for BPO/KPO services in the world. The boom in information technology (IT) and information technology and Enabled Services CITES) resulted in services-led growth. India emerged as global hub for BPO / KPO services.

Agriculture sector: A series of measures were taken in agricultural sector also which include free movement of agriculture commodities, APMC Act permitting farmers to bypass the mandatory requirement of sale in the regulated markets, relaxation of restrictions under Essential Commodities Act 1955 introduction of future trading. (c) and (d) brought major changes in the pricing mechanism and national level commodity futures markets discover price instead of manipulation by local traders. Banks started allowing loans to farmers against warehouse receipts. Large companies directly source agriculture produce from farmers.

Growing demand for milk, poultry products and horticulture products, has induced substantial diversification towards allied activities which now account for nearly three-fifth of total primary sector output.  

With economic growth and rise in disposable incomes, the consumption basket has changed significantly.



Economic Transformation — Financial Sector

Financial sector reforms were carried as per recommendations of Narasimham Committee (1991 and 1998). Transformation of this sector helped in improving the services sector growth in a big way. The segment that covered the financial sector reforms are:

Money market: The measures included

 a) freeing of interest rates in money market,

b) Introduction of money market instruments like commercial paper, certificate of deposits, collateralized lending and borrowing obligations, introduction of screen based trading, making call money, a pure inter-bank market etc.

Govt. securities market: Before reforms, the Government was able to borrow at sub-market rates.

a) The concessionary financing to government was eliminated with introduction of market auction system and phasing out of automatic monetization with Ways and Means Advances (WMA).

b) Yield on g-securities provides a benchmark for pricing of securities in other markets.

Foreign Exchange market : The reforms include,

a) Introduction of market based exchange rate regime,

b) Adoption of current account convertibility and relaxation on capital account, led to emergence of active and vibrant forex market.

c) Exchange rates are market driven now.

Capital market:

a) The primary market witnessed a significant movement away from Controller of Capital Issue,

b) Introduction of free pricing and book building system,

 c) Mandatory disclosure,

d) Creation of SEBI,

e) In the secondary market, the measures include corporatization of exchanges, screen based trading replacing the open outcry system, introduction of options and futures replacing the erstwhile Badla system, rolling settlement replacing the 14 days settlement cycle, demitting of securities with Depositories etc.

Credit market: Prior to reforms, the banking operations on asset and liability side were broadly governed by RBI. In such situation competition was almost absent. The broader approach of reforms to this sector was to:

a) Bring more competition,

b) Allow operational autonomy to banks,

c) Building of risk management capacities,

d) Introduction of prudent norms on capital adequacy, asset classification, income recognition and provisioning, in line with best international practices. These measures transformed the banking system and brought soundness and operational efficiency.

Payment system: The measures include

a) Enactment of Payment and Settlement Systems Act 2007 which empowered RBI to regulate the payment and settlement system,

b) Introduction of ECS, RTGS, NEFT, Cheque Truncation system (CTS), free access policy for ATM.

 This made the payment system robust and sound.



Economic Transformation — Integration with the Global Economy

The economic reforms process facilitated integration of Indian economy with the global economy. This increased the participation in international trade and capital inflows. India's share of world exports increased to 1.5%. The gross volume of capital inflows amount to $ 428 billion in 2007-08. The important measures taken, in this respect include:

Trade liberalization: De-licensing of intermediary inputs and capital goods, progressive reduction in tariff rates, acceptance of IMF Article VIII obligations, thus making rupee convertible on current account.

Capital account: The approach to move towards full convertibility on capital was a cautious one. Many recommendation of SS Tarapore committee recommendations, have already been implemented.

Foreign Direct Investment: The policy to attract FDI started with introduction of automatic approval route, as per which RBI was empowered to approve investment up to 51% in select 34 priority industries. Presently, under this route 100% foreign investment is permitted except for limited categories like atomic energy, lotteries business etc. Again, the list for FDI cap below 100% is also quite short including broadcasting, print media, defense, insurance, asset reconstruction, investment companies, petroleum and air transport.

Portfolio investment: Such investment through FII, was opened up in 1992. Around this time, the Indian companies were also permitted to raise equity through GDR and ADR in Europe and American markets. The policy was liberalized by raising the 24% cap to total sectoral cap for foreign investment.

External commercial borrowing: Access to ECB, by Indian companies, further integrated the Indian economy to the world economy.

Outward flows: Outward capital flows were also permitted progressively. This has resulted into emergence of Indian MNCs

Issues and challenges

Though the structural transformation of Indian economy has brought improvement in terms of efficiency, competitiveness and productivity, but there are a number of issues, that remain to be addressed.

Poverty: Measured on the basis of consumption expenditure, there has been improvement in reducing the incidence of poverty. There has been 7-8% age points decline in poverty ratio in 2004-05, compared to 1993-94. But Gini Coefficient, a standard measure of income and expenditure inequality, has deteriorated to 36.2% in 2004 compared with 32.9% in 1993. This means, there is lot to be done, on this issue.

Socio-economic development: Human Development Index, a widely used indicator of socio-economic conditions has placed India at 128 out of 18o countries of the world. Compared to other nations India needs to bring improvement in terms of health and education services.

Agricultural investment: While the structural transformation from agriculture to services has been a positive feature, but the dependence of large population (about 65%) on agriculture, is keeping large majority of Indian population, in poverty. There is need to integrate the rural sector with urban economy, by creating infrastructure such as roads in rural areas, provision for electricity, cold storage chains to provide farm producers access to urban markets.

Labour reforms: There is need to review the labour laws so that these help in bringing market efficiency and productivity, promote entrepreneurship, create positive investment environment. Further, the disparity between the organized and unorganized sectors in terms of working conditions and protection of employees' rights also needs to be bridged.

Demographic dividend:  Share of working age group 15-64, around 65% in the population to take advantage of this dividend, large investment in human capital formation is required.

Financial inclusion: There is still a large portion of our population, which does not available banking facilities for various reasons including cost, availability etc. There is need to offer banking facilities to this poor section of the society to provide banking facilities at reasonable cost.



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