BSC Publication Doesnt contain practice MCQs.

(Although doesnt matter

because youll be using a separate book on papersets
anyways)
ii. Principles and Practices of
Banking By Indian Institute of
Banking and Finance (IIFB)
Written for JAIIB/CAIIB type exams, printing-structure-
explanation is professional grade.
Few MCQs after each chapter.
Doesnt burden you with lot technical-legal aspects, sticks
to conceptual clarity.
Not updated after 2008, just reprinted.
iii. Handbook of Banking
information by N.S.Toor (Skylark
Publication)
Written for JAIIB/CAIIB type exams.
Most updated information about banking topics, among the
given books. (36
th
Edition released in Jan 2013).
But also burdens you with many technical-legal aspects
that are not much relevent from IBPS exam point of view.
Contains more MCQs than previous book by IIFB.
If you have any similar book from Arihant Publication, Kiran Prakashan etc. that is also fine. All these
books have overlapping content. Remember that youve to finish the topics, not the books.
2. + Various articles posted on Mrunal.org/economy
3. Anyone BankPO Paperset for practicing the MCQs
i. Arihants paperset of previous Bank PO exams
ii. Kiran Prakashans Paperset for IBPS PO/MT (with FREE CD for computer test)
iii. If youve paper set from any other publication, thatll also work just fine.
Minimum Topics from Banking theory
Youll have to face banking awareness, not only at the MCQ-stage but also during interview stage. Here
is the list of Minimum Topics to be prepared. Dont do Ph.D on any topic, just get an overview from
MCQ point of view. (same advice for all the topics listed in this entire article)
RBI
1. Origin of RBI. Who is the current governor, whom
did he replace?
2. RBI vs SEBI vs IRDA: Name of their main bosses,
Who controls what? NBFCs, MFI, Gold Loans,
ULIP, Mutual funds etc.
3. powers functions of RBI
4. How does RBI control the money supply?
5. Open market operations, MSF, liquidity adjustment
facility
6. SLR, CRR, Repo, Reverse repo, bank rate
7. Priority sector lending: and its subsectors. How do
they apply to Domestic bank vs foreign bank?
8. Currency chest, Mint and press. Who signs coins
and currency?
9. Measures of money supply
Banks: Basics
1. What is bank? What are its functions?
how is it different from an
NBFC/NBFC-factor, Post-office
savings, Chit Fund, Nidhi etc?
2. Types of banks: commercial banks,
regional rural banks, cooperative
banks, investment banks,
development banks etc.
3. What is a Scheduled commercial
bank?
4. Public sector versus private sector
banks. Where does RTI apply?
5. IDBI, ICICI, IFCI, SIDBI, EXIM,
NHB etc.
6. Bank nationalization, mergers and
10. Foreign exchange management, components of
forex reserves, approx. forex under RBI. Powers
under FERA/FEMA, Tarapore Committee on
capital account convertibility
11. Banking regulation act and its recent amendment
12. Banking reform, Banking License, Narsimhan,
BASEL.
consolidations.
7. Names of chairman/CMD of big
banks.
8. Basic GK related to banks: first
commercial bank in India, first bank
setup by Indians, origin of SBI/ICICI,
subsidiaries of SBI, etc.
Banking services
1. Assets, liabilities and working capital of a bank.
2. Demand liabilities vs time liabilities
3. Bankers rights (lien). Know your customer (KYC) norms, Adhar Card enabled payment, Money
laundering, Benami transections
4. Types of Bank customers and provisions related to them:
1. Minor-Guardian, partnership firms
2. HUF and karta
3. NRI, PIO
4. joint account holders
5. Married Women
6. partnership firm accounts
7. public/private companies
8. trusts and cooperatives
5. Types of bank accounts and their features:
1. current account, savings account
2. term deposit account, fixed deposit,
3. PPF, senior citizens account
4. NRE-rupee account, FCNR account, RFC, EEFC, escrow account
5. Allied topic: post office savings account and National savings certificate
6. Unclaimed/dormant accounts, RBI provision for them, Death of customer, insolvent customer,
liquidation, Garnishee orders
7. Types of negotiable instruments: bank draft, bank check, promissory note, warehouse receipt,
Treasury bills etc.
8. Cheque:
1. order/bearer/travel/bankers cheque
2. endorsement, cheque-crossing,
3. post-dated cheque, what if cheque-date is invalid (31
st
Feb) or holiday (2
nd
Oct)?
4. when Bank should not pay, cheque-dishonor (cheque-bouncing)
5. MICR, Cheque truncation, new CTS-system
6. Note refund rule, clan note-policy
9. demand drafts, telegraphic transfers, safe deposit lockers
10. ATM: PIN, HWAK, White Label ATM, third party ATM
11. Debit card, credit card, smart card
12. Mobile Banking, personal banking, tele-banking, corporate banking
13. Online banking:
1. NEFT, RGTS, EFTS, Bankwire, E-commerce
2. networking among banks: INDONET, BankNET, RBINET, SWIFT, Point of Sale (POS)
terminal
3. core-banking solutions
4. Electronic signature and Information Technology Act
14. Loans
1. different type of loan products,
2. Subprime lending
3. mortgage, reverse mortgage, collaterals, stamp duty on loan documents
4. lien, set-off
5. Priority sector lending: and its subsectors. How do they apply to Domestic bank vs Foreign
bank?
15. bank guarantee, letters of credit
16. Banking Ombudman: powers functions, appeal structure and Consumer courts
17. Bancassurance, cross-selling, universal / narrow / retail banking
Rural banking
1. RBI vs NABARD
2. Rural infrastructure development fund (RIDF) and budget-2013 allocation for RIDF
3. financial inclusion and various government schemes associated with it (covered in my economic
survey summaries, available on mrunal.org/economy)
4. regional rural banks, their amalgation
5. cooperative banks
6. micro-finance institutions (MFI)
7. primary agricultural credit Society
8. Banking correspondent agents (covered in my article)
9. lead bank scheme, local area banks, service area approach
10. Kisan credit card, interest subvention on crop-loans
^Almost all of these topics have been covered in my articles on Mrunal.org/Economy
Bad Loans
1. What is NPA?
2. Gross NPA versus net NPA
3. Asset classification under NPA
(substandard/doubtful/loss)
4. Current figure of NPA? Which bank has
highest NPA?
5. Capital adequacy norms, hypothecation
6. CIBIL and credit rating
7. SARFAESI Act and its recent amendment
8. asset reconstruction companies
9. Debt recovery tribunals.
10. Lok Adalats
11. Industrial sickness
12. Board for industrial and financial
Reconstruction
International banking
1. Bretton Woods
2. World Bank
3. IMF: SDR, voting rights
4. Who are the Main boss of IMF, World
Bank, ADB?
5. BASEL
6. bank for International settlement
7. Asian clearing union
8. Islamic Banking
9. ADR, GDR, IDR
again, most of these topics have been covered in my articles on Mrunal.org/Economy
Sample questions from previous papers
Observe the following questions asked in previous IBPS PO papers, itll give you an idea on what kind
of information you should be focusing on, while reading the banking awareness theory.
Q. RBI related
1. Which of the following is a correct statement?
a. State Bank of India is the sole authority to
issue and manage currency in India.
b. A nationalised bank is the sole authority
to issue and manage currency in India.
c. A cooperative bank is the sole authority to
issue and manage currency in India.
d. RBI is the sole authority to issue and
manage currency in India. None of these
2. By increasing repo rate, the economy may
observe the following effects:
a. Rate of interest on loans and advances
will be costlier
b. Industrial output would be affected to an
extent
c. Banks will increase rate of interest on
deposits
d. Industry houses may borrow money from
foreign countries
e. All of these
3. Which of the following is NOT a
function of the Reserve Bank of India?
a. Fiscal Policy Functions
b. Exchange Control Functions
c. Issuance, Exchange and
destruction of currency notes
d. Monetary Authority Functions
e. Supervisory and Control Functions
4. Interest payable on savings bank
accounts is
a. Not regulated by RBI.
b. Regulated by State Governments.
c. Regulated by Central Government.
d. Regulated by RBI.
e. Regulated by Finance minister.
Q. Bank Nationalisation / types of banks related
5. Nationalization of banks aimed at all of the following except
a. Provision of adequate credit foragriculture, SME &
exports
b. Removal of control by a few capitalists
c. Provision of credit to big industries only
d. Access of banking to masses
e. Encouragement of a new class of entrepreneurs
6. Axis Bank is a
a. Public Sector bank
b. Private Sector Bank
c. Co-operative Bank
d. Foreign Bank
e. Gramin Bank
Q. Banking services
1. Which of the following statements is
true?
a. Banks cannot accept demand and
time deposits from public.
b. Banks can accept only demand
deposits from public
c. Banks can accept only time
deposits from public
d. Banks can accept both demand
and time deposits from public.
e. Banks can accept demand and
time deposits only from
government.
2. With reference to a cheque which of
the following is the drawee bank?
a. The bank that collects the cheque
b. The payees bank
c. The endorsees bank
d. The endorsers bank
3. Which one of the following is a retail banking
product?
a. Home Loans
b. Working capital finance
c. Corporate term loans
d. Infrastructure financing
e. Export Credit
4. A money deposit at a bank that cannot be
withdrawn for a preset fixed of time is known as
a
a. Term deposit
b. Checking Account
c. Savings Bank Deposit
d. No Frills Account
e. Current Deposit
e. The bank upon which the cheque
is drawn
Q. online banking related
1. An ECS transaction gets bounced and you are unable to recover
your money from your customer. Under which Act criminal action
can be initiated?
a. Indian Penal Code
b. Negotiable Instruments Act
c. Criminal Procedure Code
d. Payment and Settlements Act
e. Indian Contract Act
2. Upper limit
prescribed for RTGS
transaction is
a. Rs. 1 lac
b. Rs. 2 lacs
c. Rs. 5 lacs
d. Rs. 50 lac
e. No upper limit
is prescribed
3. NEFT means
a. National
Electronic
Funds Transfer
system
b. Negotiated
Efficient Fund
Transfer System
c. National
Efficient Fund
Transfer
Solution
d. Non Effective
Funds Transfer
System
e. Negotiated
Electronic
Foreign
Transfer System
Q. ombudsman related
1. Mr. Rajendra had filed a complaint with Banking Ombudsman
but is not satisfied with the decision. What is the next option him
for getting his matter resolved?
a. Write to the CMD of the Bank
b. File an appeal before the Finance Minister
c. File an appeal before the Banking Ombudsman again
d. File an appeal before the Dy. Governor RBI
e. Simply close the matter as going to court involves time and
money
2. Banking Ombudsman
Scheme is applicable
to the business of
a. All scheduled
commercial
banks excluding
RRBs
b. All scheduled
commercial
banks including
RRBs
c. Only Public
Sector Banks
d. All Banking
Companies
e. All scheduled
banks except
private banks
#2: Banking Awareness (Current Affairs)
for this, youve to keep an eye on the newspapers + monthly current affairs in magazines. Main focus
areas:
1. RBIs monetary policy and key rates
2. Any committee made by RBI/government for Banking sector. Who is its chairman and what is the
purpose?
3. Any new directives to banks by RBI/Finance Ministry
4. Person in News: Any new appointments in RBI/Big Banks, Any Indian being appointed in foreign
banks
5. Banking license, entry of foreign banks.
6. When a big bank launches a new product
7. Government schemes associated with financial inclusion/pension/insurance: swabhiman,
swavalamban etc.
Important: Whenever you come across above info, Note them in a separate diary/file and revise
multiple times.
Observe the sample questions from previous IBPS PO exams, this will give you an idea on what type of
information to focus on, while reading current affairs.
1. Finance Ministry has asked the Reserve Bank
of India to allow common ATMs that will be
owned and managed by non-banking entities
hopping to cut transaction costs for banks.
Such ATMs are known as
a. Black Label ATMs
b. Offsite ATMs
c. On site ATMs or red ATMs
d. Third party ATMs
e. White label ATMs
2. The committee on review of National Small
Saving Fund (NSSF) was headed by
a. Dr. C. Rangarajan
b. Mr. U.K. Sinha
c. Dr. Y.V. Reddy
d. Mrs. Shyamala Gopinath
e. Dr. Usha Thorat
3. Who is the chairman of the committee
constituted by RBI to study Issues and
Concerns in the Micro Finance Institutions
(MFI) Sector?
a. YH Malegam
b. Dr KC Chakraborty
c. C Rangrajan
d. M Damodaran
e. Smt Usha Thorat
4. Which of the following states became the first
5. As per revised RBI Guidelines, Provision
on secured portion of loan accounts
classified as Doubtful Assets for more
than one year and upto 3 (three) years is
to be made at the rate of
a. 15%
b. 20%
c. 40%
d. 25%
e. 30%
6. Which of the following banks is headed
by a woman CEO
a. Bank of Baroda
b. HDFC Bank
c. Central Bank of India
d. Punjab National Bank
e. ICICI Bank
7. Who among the following has been
appointed as a director on board of Bank
of America-the first non-American on the
board of the one of the largest financial
institutions in the world?
a. Azim Premji
state in the country to launch RBIs e-payment
system for commercial tax payers?
1. Andhra Pradesh
2. Kerala
3. Gujarat
4. Maharashtra
5. Karnataka
b. Ratan Tata
c. Mukesh Ambani
d. KV Kamath
e. Chanda Kochar
Enough of Banking awareness, lets move to next topic:
#3: Economy (Theory)
Although in previous IBPS exams, within economy they gave more emphasis on current affairs over
theory portion. But still, You must get a good grasp over basic concepts of economy. Because of
following reasons
1. For the interview / group discussion stage of banks/IIMs/State PCS/UPSC exam, youll have to
prepare current affairs related to Economy, particularly downfall of rupee, current account deficit,
petroleum pricing, FDI etc.
2. For that ^that, youll have to read newspapers and news columns, but those people write articles
with assumption that reader already knows the basic theory! So, if you dont know the theory,
youll find those articles boring/difficult to grasp=> shallow answers during interview/GD=low
marks=no selection or lower rank.
Source:
1. Mrunal.org/economy
2. NCERT Textbooks (click to download for free)
I. Indias Economic Development Class 11
II. Macroeconomics Class 12
III. NIOS Material on Economy: if youve time and mood.
3. If youve Indian Economy by Ramesh Singh (TMH Publication), read it. IF you dont have it, then there
is no need to specifically buy the book only for IBPS.
4. Google as and when necessary.
Here is the list of minimum topics that should be prepared from Economy Theory / static portion
Basic
1. Basic terms: GDP, NDP, GNP, NNP,
recession, purchasing power parity
etc.
2. Three types of Economies:
Capitalism, Socialist, communism +
LPG reforms of India
3. human development index
4. millennium development goals
Indian Economy
1. Planning commission, National development
Council, five-year plans, main targets of 12 five-
year plan.
2. 14th Finance commission and who is its chairman?
3. Inflation: types, impact, various terms associated
with inflation WPI, CPI, their new series, who
calculates what?
4. IIP, industrial licensing, definition of MSME,
items reserved for SSI,
5. public sector undertaking, disinvestment
Finance
1. Money market vs capital market:
functions, who supervises them?
2. Commercial bills, Treasury bills,
certificate of deposit, commercial
paper
3. Derivatives, options-futures, currency
swaps,
4. underwriting, factoring
5. debt vs equity: IPO-shares, stocks,
debentures, bonds, mutual funds
(+NAV), G-sec
6. venture capital, angel investor
7. SEBI: functions, who is their main
boss?
8. Stock Exchange: BSE, NSE,
SENSEX, Dollex etc.
9. Credit rating: CRISIL, Moody, S&P
etc.
10. participatory notes, QFI, FII
11. FDI and its limits in various sectors,
FIPB
12. PAN card and DEMAT account
13. external commercial borrowing
(ECB), ADR, GDR, IDR
Budget
1. Taxation:
a. direct vs indirect. taxation powers of union
and state
b. tax deduction at source
c. tax slabs
d. negative list in service tax
e. PAN Card, E-filling of tax returns
f. Basics of VAT, GST
2. types of budgets: surplus, deficit, balanced
3. votable vs non-votable items
4. Finance Bill and appropriation Bill
5. cut motions: policy cut, economy cut, token cut
6. general budget versus railway budget
7. revenue versus capital expenditure
8. standing committees of Parliament
9. types of deficits, FRBM targets
10. fiscal deficit and its impact on economy
11. Consolidated fund, contingency fund, public
account
Insurance
1. Types of insurance
2. Nationalization, LIC, GIC etc.
3. IRDA: chairman, power-functions
4. NPS, EPFO, ESIC, social security
5. pension-insurance reforms, FDI
6. Bancassurance
Foreign trade
1. current account, capital account, balance of trade,
balance of payment
2. rupee convertibility
3. currency devaluation, appreciation
4. GATT, WTO
5. FERA, FEMA
6. NEER, REER
Sample questions from previous papers
1. Financial inclusion means provision of
1. Financial services, namely, payments,
remittances, savings, loans and insurance
at affordable cost to persons not yet given
the same.
2. Ration at affordable cost to persons not
yet given the same.
3. House at affordable cost to persons not
yet given the same.
4. Food at affordable cost to persons not yet
given the same.
5. Education at affordable cost to persons
not yet given the same.
2. When the rate of inflation increases
3. When there is a difference between all
receipts and expenditure of the Govt. of
India, both capital and revenue, it is
called
1. Revenue Deficit
2. Budgetary Deficit
3. Zero Budgeting
4. Trade Gap
5. Balance of payment problem
4. Which of the following is not considered
a money market instrument?
A. Treasury bills
B. Repurchase Agreement
1. purchasing power of money increases
2. purchasing power of money decreases
3. value of money increases
4. purchasing power of money remains unaffected
5. amount of money in circulation decreases
C. Commercial Paper
D. Certificate of Deposit
E. Shares and bonds
^as you can see, from theory very easy questions have been asked. Hence just get an overview, dont
spend too much time on Economy theory portion. Now moving to:
#4: Economy: Current Affairs
Main focus should be on Union Budget 2013 + Economic survey.
The summary of all Economic survey chapters=available on Mrunal.org/economy. And in those
summaries, Ive also included various government schemes, organizations, even the Human
development index.
Budget-2013
Numbers related to
Economy
For Budget-2013, you dont have to prepare each and everything, just
focus on following areas
1. Chindus Budget speech: (click me). look for major announcements
e.g. We are working with RBI and NABARD to bring all other
banks, including some cooperative banks, on Core Banking
solution and e-payment systems by 31.12.2013.
2. Major highlights of Budget-2013 (click me)
3. Income tax slabs
4. peak rates of excise, service tax and custom duty
5. Negative list of Service tax.
For Numbers, prepare
following
1. latest Estimates of GDP
2. IIP, WPI, CPI: highest
lowest in recent times.
3. Repo rate, CRR, SLR,
Bank rate: highest
lowest in recent times.
4. Rupee vs dollar: highest
lowest in recent times.
5. fiscal deficit, current
account deficit
6. latest FDI limits in
various sectors
7. top-5 items in export
and import
8. excise, service tax,
income tax, custom duty
(highest to lowest in
terms of income to
government)
For remaining current affair related matters e.g. US/EU economic problems, measures taken by
government to boost investment/GDP, curb current account deficit / gold consumption etc.
1. Economy section under any one Monthly current affairs magazine AND/OR
2. economy related news within monthly updates of Competitionmaster.com
3. +keep a habit of reading English newspaper on daily basis, itll help you in reading
comprehension, general awareness and interview.
Observe the sample questions from previous IBPS PO exam, it will give you an idea of what type of
information you should be focusing on, while reading magazine/newspaper for economy current affairs.
Q. US/EU related
Almost all the major economies of the world had reacted sharply on the issue of the USAs ceiling limit
on its debt. Why was the issue so important for other nations, which otherwise was an internal matter for
the USA?
1. The Senates decision on the issue might have caused the US dollar to weaken further or get
strengthened in international markets.
2. Weakening of the dollar might have pushed up Euro and other major currencies up and some
European countries which were already in trouble would have faced a new crisis.
3. Debt limit was directly related to liquidity position of banks in USA.
answer choices
a. Only (A)
b. Only (B)
c. Only (A) and (B) both
d. Only (B) and (C) both
e. All (A), (B) and (C)
Q. Foreign Trade related
1. The present
Foreign Trade
policy of India will
continue till
A. December
2012
B. March 2013
C. March 2014
D. June 2013
E. December
2014
The Govt. of India recently decided to lift the four-years- old ban on
export of wheat. What was the reason for the same?
A. India had a bumper crop of wheat during last two years. Hence it has
excess stock of wheat.
B. As per the Food Security Act, India is bound to provide 10 million
tones of wheat to World food grain stock every year. India defaulted
last year. This year it does not want to be one.
C. As advised by the Supreme Court of India, the money received from
export should be used to pay subsidy to the farmers.
Answer Choices
a. Only(B)
b. Only (A)
c. Only (C)
d. Both (A) and (B)
e. All (A), (B) and (C)
Q.Govt schemes
1. Which of the following schemes of the Govt. of
India has provided electrically to 99000 villages
and total 1.7 crore households uptill now?
A. Kuti Jyoti
B. Rajiv Gandhi Grameen Vidyutikaran Yojana
C. Bharat Nirman
D. PURA SEWA
2. Which of the following schemes is
launched to provide pension to people
in unorganized sectors in India?
A. Swabhiman
B. Jeevan Dhara
C. Jeevan Kalyan
D. ASHA
E. Swavalamban
Q. Government Policies to boost investment/GDP
2. The Govt. of which of the following states
has agreed to give captive mines of iron-
ores to all the companies who are willing
to establish plants there?
A. West Bengal
B. Odisha
C. Jharkhand
D. Bihar
E. Karnataka
3. POSCO is in the process of establishing
its plants in India. What does the letter P
denote in the name POSCO?
1. Popular
2. Pallin
3. Pohang
4. Paradeep
5. Peterburg
5. In order to attract more foreign exchange the
Govt. of India decided to allow foreign
investment in LLP firms. What is full form of
LLP as used in this reference?
1. Local Labour Promotion
2. Low Labour Projects
3. Limited Loan Partnership
4. Longer Liability Partnership
5. Limited Liability Partnership
Enough of Economy, lets move to next topic.
#5: International Affairs (IA)
For CDS, CAPF, IBPS= international-affairs is a common topic. Even at interview stage, you might
come across questions from here. The Cost: benefit is quite good, if you focus on the right areas.
Although IA+Polity current had less questions than Misc.GK in previous IBPS PO Exams, but I put
them at higher place in this priority order. Why?
1. The cost: benefit of IA+Polity current is higher than Misc.GK (in terms of amount of data to be
memorized, to solve one MCQ in the actual exam.)
2. Youll have to prepare current affairs related to IA+Polity for the interview anyways, while
Misc.GK loses significance @interview stage.
Reference source for IA
4. International Affairs section under any one Monthly current affairs magazine (PRatiyogita, CST
etc) AND/OR
5. Monthly updates of Competitionmaster.com
6. +keep a habit of reading English newspaper on daily basis, itll help you in reading
comprehension, general awareness and interview.
Areas to focus?
1. PIN (Persons in news) : election of new PM/Prez. in any country. Heads of main international
organizations.
2. Places in news: where some summit/controversial event happened.
3. Recent summits of ASEAN, SAARC, G-8 etc. Location and theme.
4. bilateral visits and agreements
5. Pravasi Bharatiya Divas, new Schemes related to NRIs
6. Any recent controversies: Snowden, Wikileaks, Syria, Egypt etc.
^Dont do Ph.D, just focus on persons/places in news and main reason(s)/features.
Observe the following questions that were asked in previous IBPS PO exams, itll give you an idea on
what type of information you should be focusing on, while reading about international affairs.
Q. Bilateral visits
6. The Home Minister of India was
recently on a visit to Bangladesh,
where both the countries signed a
Coordinated Border Management
Plan (CBMP). What are the major
points of this agreement?
1. The plan will help in resolving the
long-pending border dispute
between both the nations.
2. The head count of the people living
in enclaves on the border will be
completed within next six months
time.
3. India assured that no BSF Jawan
will open fire on the people crossing
the borders unless there is an attack
on them.
answer choices
A. Only (A)
B. Only (B)
C. Only C
D. All (A), (B) and (C)
E. Both (A) and (C)
7. The President of India was recently on a visit to
South Korea and Mongolia. During her visit some
agreements were signed by both the countries.
Which of the following was a common area on
which India signed agreements with South Korea
and Mongolia both?
1. Peaceful use of Nuclear energy
2. Export of edible oil toSouth Korea and Mongolia
3. Providing technical help to become self-sufficient
in production of food grains
4. Willingness of both the countries to support Indias
bid to have permanent seat in UN Security Council
5. To hold Olympic games in 2022 in New Delhi
jointly with South Korea and Mongolia
Q. Controversy related
1. Which of the following was the issue over
which India decided to vote against Sri Lanka
in the meeting of one of the UN governed
bodies/agencies?
a. Violations of human right in Sri Lanka
b. Allowing China to establish a military
based in India ocean
c. Issue of subsidy on agricultural products
in the meeting of the WTO
d. Allowing part of Sri Lanka to become
an independent country governed by
LTTE
e. Sri Lankas claim to become a
permanent member of UN Security
Council
2. The president of which of the following
countries was accused of violation of War
Powers Act of his country when he decide to
attack Libya with other NATO countries in
3. What was the reason owing to which
Enrica Lexie, an Italian ship was detained
by the Port Authorities in Kerala and was
brought to Cochin port for inspection and
search?
a. It was carrying objectionable
material
b. It was involved in sea piracy
c. It was detained as the crew killed
two Indian fishermen
d. The ship started sailing without
making payments of iron ore it
loaded
e. It was detained as it was dumping
June 2011?
a. USA
b. France
c. Germany
d. Spain
e. Italy
nuclear waste in deep sea
Q. International Places in News
4. The 10th Basic Ministerial Meeting
on Climate Change was organized
in February 2012 in
a. Tokyo
b. Beijing
c. Manila
d. Moscow
e. New Delhi
5. The Golden Jubilee of Afro-Asian Rural
Development organization was organized in which of
the following places in March 2012?
a. Dhaka
b. Tokyo
c. Cairo
d. Kuala Lampur
e. New Delhi
Q. International Persons in news (PIN)
1. Angela Merkel was recently in India to receive
Jawaharlal Nehru Award for International
Understanding for the year 2009. What has been her
contribution to international politics which made her
the Best Choice for the award?
1. She played a major role in restarting negotiations
between Russia and USA on START.
2. She initiated Health Care Reforms in Germany and
solved problems related to future energy
development.
3. She played a crucial role in negotiation of the Treaty
of Lisbon and Berlin declaration.
Answer choices
A. Only (B) and (C)
B. Only (A) and (B)
C. Only (C)
D. Only (A) and (C)
E. None of these
2. Who among the following was
the Chief Guest at the three-day
Pravasi Bharatiya Divas function
held in January 2012?
a. Kamla Persad Bissessar
b. Ram Baran Yadav
c. Lakshmi Mittal
d. Salman Rushdie
e. Benjamin Netanyahu
3. Which of the following countries
recently conferred its Highest
State Honour on Late Mrs Indira
Gandhi for her contribution in its
Liberation war?
f. South Sudan
g. Bangladesh
h. Bhutan
i. Slovakia
j. Croatia
2. Yingluck Shinawatra won
recently held election to become
first PM of
a. Myanmar,
b. S.Korea
c. Thailand
d. N.Korea
e. none of Above
#6: Polity Current affairs
In past exams, 2-3 questions appeared from polity related current affairs. but still cost-benefit is good,
just pay attention to key areas within newspaper, magazines and youll be able to solve those MCQs
effortlessly.
Areas to focus (Dont do Ph.D, just keep an eye on following topics)
1. PIN: new CM (particularly North East and those who won multiple times), New CAG/EC/CJI etc.
2. SC judgments/ scams / controversies
3. Bills/amendments/acts
4. committees, scams
Observe the questions from past exams
Q. Polity current: controversy related
The Lokayukta of which of the
following States had submitted a
report on illegal mining of iron ore
in the State?
a. Andhra Pradesh
b. Tamil Nadu
c. Karnataka
d. Odisha
e. None of these
2. Which of the following agencies/ organizations recently
gave go-ahead verdict to Indias one of the most
controversial project of inter linking rivers? (some of the
rivers are international rivers)
a. UN Food and Agriculture Organization
b. World Meteorological Organization
c. International Court of Justice
d. Central Water Commission
e. Supreme Court of India
Polity: persons/places in news
3. Who among the following has become
the chief Minister of a State in India for
third consecutive term?
a. Tarun Gogoi
b. Nitish Kumar
c. J Jayalalitha
d. Mamta Banerjee
e. None of these
4. Gorkhaland Council, which was recently in
news, is a body set up for administration of
which of the following Districts?
a. Siliguri
b. Bagdogra
c. Malda
d. Darjeeiing
e. Gangtok
Polity: Acts/bills/amendments related
5. Which of the following acts is vogue in
India is against the thinking of raising
school fee as per demand of the market
forces?
a. Prevention of Corruption Act
b. Child Labour (Prohibition &
Regulation) Act
c. Sharda Act
d. Right to Education Act
e. MG National Rural Employment
6. As per the provisions in the Food Security Bill
2011, per month how much food grain
should be given to each person of the target
group?
a. 5 kg
b. 7 kg
c. 9 kg
d. 10 kg
e. 20 kg
Guarantee Act
#7: Misc.GK: Filler topics
If youre preparing for CAPF, CDS, State PCS or SSC, youll definitely come across good number
of questions on geography, census, defense, and science-tech. But for IBPS, theyre only using
these topics as filler material. Hence cost: benefit = not good and therefore I put them under
Misc.GK.
But still while youre reading newspaper/magazine, doesnt hurt keeping an eye on following.
Here are samples from previous IBPS PO exams.
GEOGRAPHY CENSUS
1. The worlds highest Rail Bridge is
being constructed in the state of Jammu
& Kashmir. This bridge will be on
which of the following rivers?
a. Jhelum
b. Chenab
c. Indus
d. Ravi
e. None of these
2. Which of the following statements containing
results of Indias recent Census is not correct?
a. Kerala has about 94% literacy, the highest
in India.
b. The sex ratio in India is 940.
c. Male literacy is lower than female literacy
in seven most developed states.
d. Uttar Pradesh is the most populous State
in India.
e. The population of India has increased by
181 million during the decade 2001-2011.
DEFENSE SCI-TECH/NUKE
3. Akula-11! Class K-152 Nerpa was
inducted in Indian Navy recently. These
are
a. Aircrafts
b. Radar System
c. Submarines Missiles
d. Warship
e. Submarines
4. As per newspaper reports, India is planning to
use SEU as fuel in its 700 MV nuclear reactors
being developed in new plans. What is full form
of SEU as used here?
a. Safe Electrical Units
b. Small Electrical Units
c. Slightly Enriched Uranium
d. Sufficiently Enriched Units
e. Safely Enriched Uranium
#7: Misc.GK: PIN/Award/Sports
Finally the most bogus headache topic.
Previous IBPS PO Exams: 2011 2012
Misc.PIN (persons in news, awards) 6 3
Misc.Sports 2 4
Misc.Books-Authors 1 1
Misc.filler (Census, Geography, Nuke Reactors, Defense) 2 2
total 11 10
Source of preparation
Ive published Person in News compilation from 2012 to March 2013 click me
Copy paste it in MS Word file
Goto library, read whatever competitive magazine you get (CST, Pratiyoigta, Chronicle, Wizard)
and note down important names/details. You can also use list given by competitionmaster.com for
example click me for June 2013
Observe the sample questions from previous exams:
Person in News (PIN)/Awards
1. Which of the following awards was conferred
upon Late Mario De Miranda (Posthumously)
in January 2012?
a. Padma Vibhushan
b. Bharat Ratna
c. Kalidas Samman
d. Saraswati Samman
e. Padmashri
2. Which of the following films was not directed
by Manikaul, who died recently?
a. 3 Idiots
b. Ghashiram Kotwal
c. Uski Roti
d. Dividha
e. Ashadh Ka Ek Din
3. Ranbir Kapoor was awarded Best Actor
in 47th Filmfare Award Function for his
performance in
a. No One Killed Jessica
b. Stanley Ka Dabba
c. 7 Khoon Maaf
d. Rockstar
e. Zindagi Na Milegi Dobara
Books-Authors
Who among the following is the author of the
book Birbasan?
a. Mahashweta Devi
b. Taslima Nasreen
c. Sunil Gangopadhyay
d. Vikram Seth
e. Kiran Desai
Who among the following is the winner of Man
Booker Prize 2011?
A. Andrea Levy
B. Nicola Barker
C. TomMcCarthy
D. Linda Grant
E. 5) Philip Roth
Sports: Location
1. National Table Tennis Championship
was organized in January 2012 in
a. Mumbai
b. Delhi
c. Hyderabad
d. Luck now
e. Jaipur
2. The 5th Asian Indoor Athletics Championship
was organized in February 2012 in
a. Bangladesh
b. India
c. Qatar
d. China
e. South Korea
Sports: Winner/loser
1. Who among the following Indian
Lawn Tennis player won a
Doubles of Australian Open
2012?
3. What among the following was the Captain of the
Australian Team which played 5 Test matches against
India in January 2012 and won all of them?
confused to handle the job pressure here. (Yes, theyve asked this in past!)
4. If youre a branch manager, how will you increase the profit of the branch? How
will you attract more customers? (Hint: Branch manager is not a door to door
salesman. his strategy has to be bigger.)
5. If bank introduces a new home loan product, how will you sell it? (Hint: Contact
builders and real estate developers of the city, free publicity through social
networking site, pamphlets etc.etc.)
6. A customer has made FD of 10 lakhs, but within 6 months, he comes back to
break his FD for to purchase a car. How will you handle? (Hint: offer him car
loan, show the comparative advantage of taking car loan vs breaking FD before
maturity vs tax benefit etc.etc.)
7. What are three points that make you better banker than people sitting outside?
8. What is the most recent bank related advertisement youve seen. And what do
you think about it? Was it attractive or was it poorly designed?
9. As a customer if youve to open a bank account, which bank will you chose?
What factors will you consider before picking a bank?
10. In which bank do you have an account already? How you feel as a customer? If
you were in working in the same bank, what initiatives will you take for more
customer satisfaction?
11. Assume that you have been selected and after you probation period you are
posted somewhere in India as a Branch Manager and Branch is in not a good
position. What steps you will take to bring it on right path?
12. IF you have being allotted target to increase business in some backward area,
what will you do?
13. In your branch suppose following happens, what will you do?
a. A poor person has come, he has no documents for KYC form but he wishes
to open account.
b. electricity is gone and customers are complaining
c. Some staff member is on leave and customers are getting restless.
Avoid silly mistakes (based on past interviews)
1. RBI and Central bank of India are not same.
Indias
Central
Bank
That is RBI.
Boss = Raghuram Rajan. And he not the
chairman of RBI. He is the Governor of
RBI.
Central
bank of
India
That is name of a
government owned
bank.
Boss= Rajeev Rishi. he is CMD (Chairman
and Managing Director)
2. As such, Public sector banks have combined post of CMD (Chairman + MD).
But SBI is exception: It has one chairman and four managing directors. so dont
fumble when asked about the what is the designation?
3. for your top preference banks, you must know
a. Name of CMD.
b. location of head office
c. Rough idea of their number of branches and turnover.
d. Celebrity Brand Ambassador, if any.
e. Any special savings/loan schemes/accounts.
Banking Theory
First revise all the Banking topics that you had already prepared for the IBPS written
exam. List is given here:
http://mrunal.org/2013/09/studyplan-ibps-cwe-pomt-general-awareness-ga-banking-
awareness-computer-awareness-priority-topics-trend-analysis.html#min
Banking Topics on Mrunal.org/Economy
Ive written lot of stuff on lot issues. But then it becomes confusing what to read and
what to leave before the interviews. But at minimum, go through following articles
related to Banking:
1. [Economic Survey Ch4] Inflation, WPI, CPI, monetary policy
2. [Economic Survey Ch5] Financial Intermediaries: Banks, RRBs, NBFCs (Part 3 of 3)
3. [Economy] Liquidity Adjustment facility (LAF), Marginal Standing facility (MSF), Repo,
reverse repo, SLR, CRR, NEFT, RTGS, NDTL: meaning explained
4. [Economy] Cash Reserve Ratio (CRR) Controversy between SBI & RBI: meaning,
implication on Economy Explained
5. [Economy] Banking Business Correspondents Agents (BCA): Meaning, functions,
Financial Inclusion, Swabhimaan, Common Service Centres (CSC)
6. [Economy] Banking Ombudsman: Meaning, functions, appointment, reforms explained
7. [Economy] SARFAESI Act, Asset Reconstruction Company (ARC), Security Receipts
(SR), QIB, DRT, Central Registry
8. [Economy] Banking Amendment Bill: Issues, Features, Problems, Reforms meaning
explained
9. [Economy] Cheque Truncation System (CTS-2010): Meaning, Advantages explained
10. [Economy] Barter-Money-Bitcoin: Fungibility, Double coincidence of wants, division of
labour (Part 1)
11. [Economy] Barter-Money-Bitcoin: Circular Flow of Income, Savings to Investment, Time
Value of Money, Deferred Payments (Part 2)
12. [Economy] Money-Bitcoin: Functions of Money, Exchange Medium, Transfer Value-
NEFT-RTGS-Bitcoins, Money Illusion, Overcapitalization (Part 3)
After this, if time is left, you can go through remaining summaries of Economy
surveys, IIP, Fiscal deficit, GAAR, DST and many other topics related to finance and
taxation. Available on Mrunal.org/Economy
Banking Current
List is long, but you need to have some idea on following hot topics:
1. Bitcoins related issues (Already given in above links.)
2. white label ATM and financial inclusion.
3. Banking licensing for new banks. its impact on public sector banks. GK things
like committee is headed by the former RBI Governor Bimal Jalan.
4. COBRAPOST sting operation on money laundering by banks. and the
subsequent action by RBI. And what should be done to prevent it in future.
5. SBIs top officials caught in 400 cr. loan scam by CBI.
6. All India womens bank and GK related to it (e.g. dress code is yello-blue saree,
Usha Ananthasubramanian is chairperson, what is the corpus, how much %
owned by government etc.)
7. That in December, RBI did not change policy rates despite rise in inflation. Was
it the right decision?
8. That recently Axis banks FDI limit is raised to 62%. Is this good / bad for
banking sector? Are we risking a sub-prime crisis situation like in USA?
Previous Interview Questions
Long descriptive / opinion type
1. What is Priority sector lending? (followup) Should farmers be given loan at
cheaper rate when theyre already getting subsidy on fertilizer and diesel?
2. We should abolish concept of CRR, and we should have just insurance of
deposit? Do you agree?
3. What are the two main problems banks are facing today? and What should be
done to solve them?
4. What are your views on strikes by Bank employees?
5. What do you think deregulation of saving account is good step?
6. What is no frill account? How does it help in Financial Inclusion? Does opening
no frill account sufficient to achieve the process of fin.inclusion?
7. Which banking sector is stronger: Indian or western? And why?
8. Which banks are better private or PSU? and why?
9. What role does bank play in empowerment of women?
10. What role has banking sector played in Indias success story?
11. What do you know about bancassurance? Is it good or is it bad?
12. Difference between investment banker and retail banker? Which one is more
important for economy?
13. Why should bank consider Debt equity structure of a company before loaning?
Factual / Objective type
1. NPA, its classification, ways to recover? (Hint: NPA classification must be
mugged up verbatim. else theyll deliberately ask followup questions to confuse
you.)
2. What is Negotiable instruments act? (hint: related with Cheque bouncing)
3. Who is NRI? Can a NRI open an account in a bank as a normal citizen? Can PIO
open an account in Indian bank as a normal citizen? What are the documents
required for opening an NRI Account? Can a student studying abroad be termed
as an NRI?
4. Tell us about Nomination facility in banking.
5. What do you understand by KYC? What document required for KYC? What
documents are required to open a bank account?
6. CBS, SWIFT, NEFT, RTGS. What are their full forms, features and benefits?
7. NPM, LRM, ARC, SARFAESI ACT
8. All the basics: RBI, its functions, repo, reverse repo, CRR, SLR and their impact
on bank.
9. How can RBI control inflation?
10. How many Deputy Governor in RBI? Name them?
11. Apart from currency issue and supervision of banks what other functions RBI
performs?
12. NABARD and its role.
13. How will you market Banking products?
14. Difference between public sector bank vs private sector bank.
15. Top 5 foreign banks, top 5 private banks, and ranked on what basis.
16. Basel Norms, PSU-shareholding by government.
17. What is refinance?
18. ECGC, packing credit, buyers credit, letter of credit.
19. Sources of income of bank except interests.
20. Main difference between Banks and NBFC.
21. What do you know about Rural banking and Financial Inclusion?
22. What is ombudsman? what is his powers and functions?
23. What is MFI? From where does MFI get funds?
24. How is rural banking different from retail banking?
25. What is the difference between hacking and phishing?
26. Equitable Mortgage? interest subvention? Amortization?
27. Car Loan, Personal Loan, student loans, home loans, education loans (and what
are their on going approx. interest rates?)
28. What is CBS (Core Banking Solution)?
29. What is ABSA account?
30. What is Swawlamban scheme?
31. What is POS terminal? How bank gets benefited from POS? What amount bank
charge from shopkeepers for POS terminals?
32. Tell me something about E-Banking? and its benefits to branch?
33. What is branchless banking?
34. Various types of Banks and their examples
35. Difference between banking n finance
36. Difference between micro financial institutions and NBFCs.
37. Difference between between Co-operative societies and SHGs
38. Who are the Chairman of ICICI Bank and Axis Bank.
39. What is money laundering? What has the government done to prevent it? Whats
Banks role in preventing money laundering?
40. How important is CASA Portfolio for the bank
41. What is term deposit and demand deposit?
42. What are alternate channels of banking?
43. Have you ever used an ATM? What is the full form of ATM? Can you Name
some ATM Manufacturer Companies? What are the other uses of an ATM?
Balance Enquiry, Cash Withdrawal, Pin Change, Mini Statement.
Finance related
Finance related questions are usually not asked as such, unless youre from
B.Com/BBA/MBA. But still doesnt hurt preparing a few basic things just to be safe.
Some questions asked in past:
1. What is the difference between banking and finance?
2. What is Credit Rating agency?
3. What is working capital? What are preferential shares?
4. What is more beneficial to a company- Equity or Debentures?
5. What is DEMAT account? What is PAN card? Are they same thing?
Economy related
As such more questions are from banking sector, than from Economy topics.
Newspaper + Ramesh Singh + Mrunal.org/Economy =the economy portion
should not pose much problem.
Within Economy, most stuff is related to static / theory portion. but you need to
have some rough idea of the current Issues such as rupee weakening, inflation
indexed bonds, FDI, NSEL crisis etc.
Some of the questions asked in previous interviews:
1. What provisions did this years budget have for the banking sector?
2. What if government asks RBI to print more currency notes and uses it for
development and infrastructure projects? How will it affect the middle class?
3. Do the Agricultural crops sold by d farmers in d market comes under income
tax?
4. What was last years GDP in crores and in % growth?
5. What is recession? what are the causes? how can it be fixed?
6. What is the difference between Finance ministry and commerce ministry?
7. What is Inflation? How it is controlled?
8. What is HDI(Human Development Index)? How is it calculated? What is Indias
rank?
9. Poverty figure census, schemes.
10. MNREGA and other schemes where bank is involved.
11. What are Foreign Reserves?
12. What are Small Scale Industries? How we recognize if a particular industry is a
Small Scale Industries?
13. Difference between organized and unorganized sector?
14. Functions of planning commission? Targets of current five year plan? Who is
Montek Singh?
15. BRICS, ASEAN G20 summits and decisions recently
16. Why dollar is appreciating? What are merits and demerits of rupee depreciation?
17. Why there is so much furor over FDI in retail? Are you in favour of FDI?
18. Tell me about factors of production
19. What is parallel economy? What is black market? What is money laundering?
Current Affairs related Question
In most cases, interview is centered around Intro + Grad + Sales Pitch +
Banking. By that time itll be 15 minutes, theyll ask you to leave. And hence
as such non-banking, non-economy related current affairs questions usually
absent.
But still some brief awareness is necessary just to be safe and to avoid stress
interview.
since very few days left before interview, there is no time for full-fledged
revision of current affairs from Jan to December.
My advice: since 2013 is about to end, most newspapers (English, Hindi,
Gujarati, Tamil, Telugue, Marathi all of them will release special edition with
colorful photos about what happened in 2013. In those editions, youll find all
the clichd topics necessary e.g. Janlokpal, Mangalyaan, Iran-US peacedeal,
Devyani, Food security, etc. (donot throw away this edition. Preserve it for other
interviews as well.)
Additional source: The Hindu website will provide a diary of events. (That
may take time, for example for 2012 diary, they uploaded it on 7
th
January
2013) But keep a lookout for it.Very useful.
HR Related
(Asked in previous interviews)
Essential: What are you strengths and weakness? What have you done to overcome
your weaknesses? (Yes, this is pretty clichd HR question but in bank interviews, they
sometimes ask this.)
Others:
1. If you will improve this weakness then will you become a perfect man? (Hint:
no.)
2. What is the meaning of excellence to you? When will you consider yourself a
successful person?
3. Do you consider yourself a creative person? If yes, how will find job satisfaction
in banking sector, where rules and procedures have to be adhered strictly?
4. What is the difference between a leader and a manager? Does a leader need to be
a good manager too?
5. What are the qualities of a good leader? Suppose, you are made a leader of a
team unknown to you, there you find somebody who is already a leader there and
even better than you. What will you do?
GK questions
Few GK based questions may be asked. At the moment, there is no point in preparing
this because GK=infinite and time is short. Youre better off investing your time in
banking sector and graduation related topics.
Here are some samples asked in previous interviews:
1. What is the full name of APJ Kalam?
2. Where is Rio de Janeiro? What is it famous for?
3. Name three famous places in Canada.
4. Who is the editor of xyz newspaper?
5. Who won Dronacharya award this year?
6. In which year RTI was implemented?
7. How many lady Chief ministers in India?
8. How many Indians got Nobel Prize?
This list can run long. So, just leave it in the hands of god.
In the next article, well see some Graduation related questions asked in IBPS Bank
interviews click me.
For more on IBPS, visit Mrunal.org/IBPS
URL to article: http://mrunal.org/2013/12/ibps-interview-preparation-part-3-of-5-
banking-economy-current-affairs-hr-and-gk-related-questions-for-bankpomt.html
Posted By Mrunal On 30/12/2013 @ 00:04 In the category IBPS
floods approach.).
But beyond a point it starts giving diminishing rate of return.
The core areas for GK/GS for the upcoming exams are following:
1. UPSC
CSAT
NCERT+NIOS+Laxmi+YearbookCurrent Affairs (Polity, Economics,
Enb, Sci-Tech.)
2. SSC-
CGL
Static+Science+Crap (already explained in separate article. Click me)
3. SBI
PO
Economics (Current + theory) + International Affairs + Marketing +
Computer. (elaborate plan coming soon).
International Leaders
Country Name Info
Bhutan
Jigme Khesar
Namgyel
Wangchuck
King of Bhutan. Chief guest for 26th Jan. 2013.
Brazil
Dilma
Rousseff
First woman President of Brazil. She replaced
Lula Desilva. (Lula got Indira Gandhi peace
prize.)
China Xi Jingping
Replaced Hu Jintao, China. He is expected to
become President, in March 2013.
China Li Kequiang New PM of China. Replaced Wen Jiabao.
China Bo Xilai corrupt leader in Chinese politbureu. Expelled
Cuba Raul Castro President of Cuba. Replaced Fidel Castro
Egypt Mohd. Morsy President of Egypt.
Eu
Herman Van
Rompuy
PM of Belgium. President of European Council
France
Francois
Hollande
President of France. He defeated Sarkozi.
Belongs to Socialist party
Greece Atonis Samras
PM Greece. Name is important only because
Greece=#EPICFAIL economy.
Iran
Aytollah
Khamenei
Supreme leader of Iran
Iran Ahmedijad President of Iran.
Israel
President
Shimon Peres.
PM Benjamin
Their parliament =Knesset.
Netanyahu.
Japan Shinzo Abe
PM japan. Defeated Yoshiko Noda. Their
parliament =Diet.
Liberia Ellen Sirleaf
President of Liberia, got Indira Gandhi peace
price. (2012)
Maldives -Coup
Nasheed N
Waheed
after coup, Nasheed was replaced by Waheed
Mali-coup
Diarra N
Traore
After coup, Diarra was replaced by Traore
Mauritius
Rajkeshwur
Purryag
President of Mauratius. He was chief guest
@Pravasi bharatiya Divas 2013. Click me for
more details
Mexico Enrique Nieto Mexico new President
Myanmar Thein Sein Myanmar president
Myanmar
Aung San Suu
Ki
Nobel peace 91. Opposition leader in Myanmar.
Party National league for democracy. Visited
India in Nov 12
N.Korea Kim Jong-Un
North Korea President. After his father King
Jong-il Died
Pak Raja Parvez PM of Pakistan, SC ordered his arrested.
Germany Angela Markel German Chancellor
Palestine Mohd.Abbas President of Palestine Authority
S.Korea Park Geun-hye
first female President of S.Korea. She replaced
Lee Myung-bak
Srilanka
Gen.Sarath
Fonseca
Ex-General of Sri Lankan army. Was jailed after
power struggle with President.
Srilanka
Mahinda
Rajpakshe
Sri lankan President. He threw out CJI Shiran
Bandaranyake.
Syria Wael Halqi PM of Syria.
Syria
Bashar Al
Assad
President of Syria
Thailand
Yingluck
Shinawatra
First female PM of Thailand. She was chief guest
of 26
th
Jan parade in 2012.
Uk
David
Cameron
PM of UK. (Conservative party) He replaced
Gordon Brown.
Uk Nick Clegg Deputy PM of UK. (liberal democrats)
Uk
Margaret
Thatcher
Ex PM of UK. (Conservative Party). First lady
PM of England. Died recently.
Usa
Obama
(Democrat)
won second time Presidential election. His VP
candidate was Joe Biden.
Usa
Mitt Romney
(Republican)
Contested against Obama. His VP candidate
was Paul Ryan.
Ven Nicholas
Maduro
President Venezuela. He replaced Hugo Chavez,
who had died because of cancer.
International Org (non political)
name Org
Ban-Ki-
Moon
UN General Secretary
Jim Yong
Kim
World Bank
Justice
Dalveer
Bhandari
Indian. became Judge of International court of Justice.
Christine
Lagarde
Chief of IMF
Pascal
Lamy
Chief of WTO. (update: Roberto Azevedo, a top Brazilian trade
diplomat, will replace Pascal Lamy as the head of the WTO in
September 2013)
Jacques
Rogge
President IOC, olympic Committee.
SK Jain first Indian to become chairman of World Assco. Of Nuke operators.
Nkosazana
Zuma
Head of African Union (AU): First woman
Indian in India (Non political)
Name Org
Admiral
Devendra
Joshi
replaced Admiral Nirmal Verma
Air Marshal
N.A.K.
Browne
He replaced Pradeep Vasant Naik
Ashok
Chawla
CCI. Competition Commission of India
Brajesh
Mishra
Indias first National Security Advisor. During Vajpayee
Government. Dead
Chief Justice
of India
Altamas
Kabir
replaced SH Kapadia.
Duvvuri
Subbarao
RBI Governor.
Urjit Patel recently appointed deputy RBI Governor.
Ela Ramesh
Bhatt
Founder of SEWA. Got Indira Gandhi Prize for Peace. (actually won
in 2011, but was awarded that prize in 2013).
Gadgil Committee on Western Ghat ecology.
Gen. Bikram
Singh
he replaced Gen.VK Singh
Gopi Chand
Narang
associated with Urdu litt. Got Pakistani award Sitara-i-Imtiaz. The
highest civilian award in Pakistan is Nishan-i-Imtiaz, earlier Morariji
Desai and Dilip Kumar got it
Gulzar Indira gandhi award for national integration.
JS Verma Committee on women safety after Delhi gangrape
Justice DK
Jain
20th law commission
Kaushik Basu World bank Chief economist
KC
Chakrabary
Committee : financial inclusion. Deputy Governor RBI ,
Major Abup J.
Manjali
Kirti Chakra.
Mrinal Gore Noted socialist. Dead.
Naina Kidwai chief of HSBC India. Became first woman President of FICCI.
Parthsarthi
Shome
Committee GAAR . General anti avoidance rules.
Raghuram
Rajan
Previously with IMF. Now Chief Economic Advisor to Finance
ministry
Rahul Khullar TRAI
Rangachari Committee Taxation in IT sector
Rangarajan
Domestic gas price. Rangarajan is also the Chairman of Prime
Ministers Economic Advisory Council.
Ranjit Sinha CBI
Sam Pitroda National Knowledge Commission.
Satyanand
Mishra
CIC. He replaced Wajahat Habibullah.
Shivshankar
Menon
National Security Advisor (current). He replaced MK Narayan. First
NSA was Brajesh Mishra who recently died.
Tessy Thomas
Defense scientist, making India self reliant in missile tech. Won Lal
Bahdur Shashtri national award.
UK Singha SEBI
Vergheze
kurien
Amul. NDDB. Father of white revolution. Norman Barlung was
father of green revolution.
Vijay Kelkar Committee on Fiscal deficit. Ex-Chairman of Finance Commission
Vinod Rai
CAG. Also Enemy #1 of Kapil Sibbal, Manish Tewari, A.Raja and
countless others in UPA. hahaha.
VS Sampath Chief election Commissioner (CEC). He replaced SY Quraishi.
YV Reddy
He is chairman of 14th Finance Commission. (period: 2015-2020)
And Chairman of 13th Finance Commission was Vijay Kelkar.
Indian Diaspora abroad
Name Why
Ami Bera California, House of representative.
Bobby Jinda Louisiana Governer, USA, Indian origin, Republican party
Fareed
Zakaria
worked for CNN and TIME. Suspended for plagarism.
Halimah
Yacob
Singapores first woman speaker, of Indian origin.
Jacintha
Saldana
she was a nurse in London, treating Kate William. She committed
suicide after two Australian radio DJ mocked her.
Kamla
Persad
Bissessar
PM of Trinidad and Tobago. Chief Guest of PBD-2012.
Nikky Haley S.Carolina Governer, USA, Indian origin, Republican party
Patricia
Maria
Rozario
UK Musician. Won PBD 2013.
Rajat Gupta
Jailed for insider trading in USA. Was associated with Goldman
Sachs
Rajkeswur
Purryag
President of Mauritius. Chief guest of PBD-2013
Rasik Joshi Sanskrit Litt. Mexico. Won PBD-2013 award
Tulsi
Gabbard
1st Hindu in US House of Representatives (their Lok Sabha). Elected
from Hawai State.
Party:Democrat.She took oath on Gita, Served in US army, was
deployed in Iraq.
London Olympic Mascots (click to enlarge)
Books/Literature
author book/info
Hilary
Mantel
Won two man booker prizes. This time for book Bring up the bodies.
Shashi
tharoor
Pax indica. It details Indias international relations.
Jeet Thayil
Narcopolis. Tale of mumbais opimioum addiction. Booker price
shortlisted but did not win. Another book is These errors are correct
Ruskin
Bond
Maharani
JK
Rowling
The Casual Vacancy (Harry Potter author)
N.Vittal Ending corruption: how to clean up Iondia
Kushwant
Singh.
Free thinkers prayer book
Amitav
Ghosh
River of smoke
Sudheendra
Kulkarni
Music of spinning wheel
Salman
Rushdie
Joseph Anton.
APJ Kalam Turning Points
Aravind
Adiga
Last man in tower
Tarun
Tejpal
The Valley of Masks
Taslima
Nasreen
Nirbasan
Kuldeep
Nayar
Beyond the lines
Kushwant
singh
Turbaned Tornado: The Oldest Marathon Runner Fauja Singh
Verghese
Kurien
An Unfinished Dream
Verghese
Kurien
The Man Who Made The Elephant Dance
Hamid
Ansari
Muslim in Indian cities
I K
GUJRAL
Matters of Discretion: An Autobiography
Pt. ravi
shankar
Living to Tell It All
Vikram
Chandra
Red Earth and Pouring Rain
Syed
Mustafa
Siraj
Aleek Manush 1994
Authors Dead
Sunil Gangopadhyaya Bengali writer. Sahitya Acadamy chief.
Kamla Sadgopan Tamil novelist
Eric Hobsbawm Noted Marxist Historian from UK
Nobel-2012
Category Who? Why?
1. Medicine
Gurdon,
Yamanaka
Regenerative medicine. Cure disease by growing
tissues in lab.
2. Physics
Haroche,
Wineland
Measure quantum particles, without destroying
them.
3. Chemistry
Lefkowitz,
Kobilka
Protein receptors that let body cell respond to
signals.
4. Litt. Mo Yan First Chinese writer to get this award.
5. Economics Roth, Shapley. Stable allocation + market design.
6. Peace EU Lolz
Nobel winners associated with India
1. Dr. Hargobind Khorana Medicine
2. S. Chandrasekhar Physics
3. Venkatarama Ramakrishnan Chemistry
4. Mother Teresa Peace
5. Tagore Litt.
6. Amartya Sen Economics
7. Rudyard Kipling Litt.
8. VS Naipaul Litt.
Astro
Name Why
Cpt. Nivedita
Bhasin
First Indian woman to command boeing 787
Liu Yang first Chinese woman astro.
Neil
Armstrong
Apollo 11. 1969. First man to land on moon. Dead.
Sally Ride First American woman astro. Dead. A Moon crate named after her.
Sunita
Williams
Take a command of international space station. second Indian
woman, first kalpana chawala.
Beauty
1. Olivia Culpo Miss Universe, USA.
2. Tereza Fajksova Miss Earth 2012. from czech.
3. wen xia yu
Miss World 2012 (China). Last Indian to win was Priyanka
Chopra.
Clichd
following names have become so clichd in current affairs related books, magazines
and sites that they can be simply ignored for the exam:
Homai Vyarawala Indias first woman photojournalist. Dead.
Chanda Kochhar ICICI
Malala Yousufzai Pakistani girl, shot by Talibans, survived.
Indra Nooyi Pepsi
Pandit Ravi Shankar Sitar Maestro. Will get Grammy award posthumously.
ok so thats it for the moment, if you feel any important names/terms have been left out
or if there is any correction in the tables, do post it in comments and Ill update the
article accordingly.
URL to article: http://mrunal.org/2013/02/misc-gk-persons-in-news-2012-13-sports-
books-awards-for-ssc-cgl-sbi-po-upsc-csat.html
Posted By Mrunal On 26/02/2013 @ 17:22 In the category culture
Not free AND Not recommended
1. Mishra Puri
2. Dutt Sundaram
3. Uma Kapila
4. Any readymade book from any jholachhap publisher/coaching class titled RBI
all in one guide/study material.
Appendix:Topicwise Breakup of RBI 2011 Paper.
Here is the Breakup of questions from 2011s RBI Grade B officers exam
You can download the the prelims (phase 1) papers of RBI 2011 and 2010 by
clicking me
Section 1: General Awareness
Economics
1. meaning of least developed countries
2. statement about Indias GDP
3. persons associated with reserve bank of India
4. reforms needed after Satyam scandal 2009
5. International commodities responsible for cost push inflation
6. features of special economic zone act
7. definition of GDP
8. components of human development index
9. how to measure economic growth of a country
10. contribution of agriculture sector in total GDP of India
11. contribution of service sector in the total GDP of India
12. how is Indias national income majored
13. Fiscal reforms adopted by government of India
14. component of current account and capital account
15. What is the purpose of know your customer scheme?
16. Name of the organisation responsible to promote micro, small and medium
industrial sector in India.
17. Why market borrowings of the union government have gone up in the year
2011?
18. Which of the following, is not an example of core industry?
19. What is the full form of DEPF scheme
20. recently, coal Ministry of India has allocated some coal blocks in four
states. Which of the following are not among those four states?
21. Which of the following is an example of nontax revenue?
22. Full form of MRTP act.
23. Which of the following is not an industrial sector?
24. Who among the following is a deputy governor of RBI?
25. Which of the following acts, helps a bank in its day to day activities?
26. Lack of access to financial services, is technically known as.
27. Which of the following is not a function of NABARD?
28. Banks in India required to maintain a portion of their demand and time
liabilities with the reserve bank of India. What is the technical term for this
portion?
29. Example of major risks faced by the bank in their daily business.
30. Which of the following schemes was launched by RBI in 2004, under
which government of India stated that securities could be issued to absorb
surplus or durable liquidity?
31. What amount was allocated for raising credit to farmers in union budget
2012
32. full form of MFI.
33. What is the size of womens self-help group development fund created by
government of India?
34. Which of the following statement is true about International monetary
fund.
35. Definition of bank rate.
36. Which of the following term is associated with banking and finance.
37. Which of the following is a millennium development goal?
38. Which of the following countries got a new bailout package with the help
of private sector?
39. Goods and services tax will be implemented from which year?
40. Full form of TIEA
41. Which of the following, is not a credit rating agency?
42. Who is the president of the World Bank?
43. Which of the following is a contentious issue between WTO and India?
44. Who is the head of National Manufacturing competitiveness council?
45. Member of G8 among following
46. major issue emphasised by Mohan in his UN speech
47. what is Robin Hood tax.
48. Features of 12
th
FYP
49. the central banks of five developed countries came together recently and
decided to provide unlimited dollar loans to banks in their areas. What was
the purpose of this?
50. Name of the payment and settlement system used by banks in India.
51. Federal reserve is the central Bangkok which country?
52. Why was FH Malegam committee constituted?
53. The controller and auditor general of India recently got appointed an
external auditor of which international organisation?
54. The special drawing rights are provided by which international
organisation?
55. Indian citizen is allowed to invest overseas freely accept which country?
56. Who got the Nobel Prize for economics in 2011?
Yearbook
1. MNREGA definition
2. statements from Census 2011
3. scheme launched for school children
4. name of government act related to sustainable growth.
5. Which of the following is a woman empowerment program?
6. Full form of AAY.
7. Which of the following organisation of women in India,has arisen out of
the confluence of three moments labour movement, cooperative
movement and the womens movement is on Gandhian philosophy.
8. Second Green Revolution will be launched in north-eastern states to
increase production of which crop?
9. Which of the following factors as now a check on migration of agricultural
labourers from one place to another place in India?
10. Which of the following is not a program launched by government of India?
11. Name of the scheme launched to provide prenatal and postnatal care to
mother and child.
12. Name of the scheme for improving the desert areas.
13. Name of the scheme to make Indian cities, free from slums.
International affairs
1. Function of high IAEA.
2. South China Sea dispute (why China raised objection against India).
3. India entered into an agreement to purchase LNG from East Asian nations,
under which policy?
4. G-7 summit of 2011, was held in which city?
5. Which of the following organisation gave warning tp the nations that there
may be increased risk to global financial stability in the world?
6. Which of the following agency did pollution survey and found that Indian
cities are most polluted in the world
7. Who represented in India in the first South Asia Forum meeting held in
2011?
Geography
1. Sardar Sarovar dam is built on which river?
2. Rashidpur Gas fields are located in which country?
3. Which country is the largest producer of chemical fertilisers in the world?
Science and technology
1. greenhouse gases are responsible for what?
Q. Economy: Theory
Topping texts: meaning 2010A
FCRA 2010A
NPA 2010A
Terms associated with spanking 2010A
Special Drawing rights 2010N
NBFC full form 2010N
Preferred foreign currency 2010N
Disinvestment meaning 2010N
Supply-side bottlenecks in inflation 2010N
Indexes for measuring inflation 2010N
NBFC example 2010N
Measuring food inflation 2011A
Full form of FINO 2011A
items on which subsidy is given 2011A
LAF full form 2011A
SLR meaning 2011A
Q. Economy: Government related
challenges to Indian economy 2010A
Tendulkar poverty line 2010A
11th five year plan targets 2010A
industrial policy 2010A
highlights of budget 2010N
3G auction Ministry 2010N
fiscal consolidation 2010N
pricing of fertilisers 2010N
inflation and petroleum 2011A
Bhagyam oilfields 2011A
land acquisition 2011A
Bamboo as liberated item 2011A
GDP set by planning commission 2011A
Q. Economy: RBI related
electronic cheque 2010A
local area banks 2010A
financial inclusion target 2010A
priority sector lending certificate 2010A
RBI capital account convertibility 2010N
QIB 2010N
physical settlement of derivatives 2010N
base lending rate increase 2011A
review of bad debts in priority sector 2011A
Q. Economy: World Economy
World Bank report on rural development 2010A
Indo US financial partnership 2010A
yuan policy 2010N
European Union deficit reduction 2010N
BPPIC company 2011A
Q. Computer: Database/Programming related
compiler or converter 2010A
database 2010A
DBMS 2010A
database administrator 2010N
field text 2010N
information system 2010N
design control 2010N
data mining 2010N
storing data in many places 2010N
processing cycle 2010N
system unit function 2011A
system software function 2011A
Q. Computer: Hardware related
WebCam 2010A
network adapter 2010N
chip system 2011A
notebook 2011A
circuit board 2011A
billionth of a second 2011A
Q. Computer: Internet Related
HTTP 2010A
server 2010A
firewall 2010A
TCP/IP 2010A
HTML 2010A
blue Ocean strategy 2010N
Bancassurance 2010N
monopoly company and marketing 2010N
Cross selling: functions of 2010N
Cross selling: does not help in 2010N
SME loan target group 2010N
online marketing 2011A
customisation 2011A
market-driven strategy: challange 2011A
effective selling skills 2011A
generation of Leeds 2011A
market plant function 2011A
marketing channel 2011A
social marketing 2011A
service marketing 2011A
Market driven strategy includes 2011A
innovation 2011A
canvassing of personal loans 2011A
Q. Yearbook
government initiatives for agriculture 2010A
NREGAs new name 2010A
cryogenic engine 2010A
rural infrastructure scheme 2010N
satellite launch 2011A
River cleanup project 2011A
scheme of rural ministry 2011A
Q. Misc.GK, Sports, books, PIN
EU President 2010A
Asia cup hockey (female) champion 2010A
book: the discovery of India 2010A
name of book written by VS Naipaul 2010A
CK Naidu 2010N
IBN Indian of the year 2010N
Miss world 2009 2010N
Davis cup winner nation 2010N
Chairman of 13th Finance commission 2010N
Coach of Indian cricket team 2011A
Kanistha Dhankhar 2011A
K Balachar 2011A