GK Updates for RBI Assistant Exam 2015

Friends..Here are some questions from banking awareness useful for upcoming RBI Assistant Exam scheduled to be held in August 2015. We have added these questions to our Quiz Website so that you can attempt quiz like an online exam and check your live score. Attempt and comment your suggestions. 

Questions covered by us today. Some are previously asked questions in RBI Assistant Exam 2015.

(For better experience, attempt quiz from our Quiz Website--> Banking Awareness Quiz)

1. Which of the following terms is not directly associated with the functioning of RBI?

(A) Open Market Operations

(B) Cash Reserve Ratio

(C) SENSEX

(D) Liquidity Adjustment Facility

(E) Public Debt Office

2. What does the letter F denote in ‘NBFCs’, a term seen very frequently in banking world these days?

(A) Formal

(B) Fiscal

(C) Federal

(D) Functional

(E) Financial

3. Which of the following services products of banks is specially designed and launched to help students?

(A) Personal loan

(B) Corporate loan

(C) Business loan

(D) Medical loan

(E) Education loan

4. Cash Reserve Ratio is maintained in the form of:

(A) Government securities

(B) Balance with Reserve Bank of India

(C) Balance with State Bank of India

(D) All of the above

(E) None of the above

5. Which of the following is a development bank

(A) HDFC

(B) NHB

(C) Axis Bank

(D) Development Credit Bank

(E) None of these

6. India’s wage policy is based on

(A) Cost of Living

(B) Standard of Living

(C) Per capita Income

(D) Whole sale price Index

(E) None of these

7. Banking Regulation Act, 1949, does not, at all apply to

(A) Nationalised Banks

(B) State Bank of India and its Subsidiaries

(C) Foreign banks having branches in India

(D) Primary agricultural credit societies

(E) None of the above

8. For filing and resolving customer complaints, theBanking Ombudsman?

(A) charges a fee of Rs. 500

(B) does not charge any fee

(C) charges a fee of Rs. 1500

(D) charges a fee of Rs. 1000

(E) None of these

9. Banks in India are regulated under __ ?

(A) Companies Act, 1956

(B) Banking Regulation Act, 1949

(C) Reserve Bank of India Act, 1924

(D) Special powers conferred on the RBI

(E) None of these

10. Many times we read in newspapers that the RB! has revised certain rates/ratios under LAF. What is the full form of LAF ?

(A) Legal Adjustment Facility

(B) Liquidity Adjustment Facility

(C) Long-term Achievement Facility

(D) Legal Adjustment Formality

(E) None of the above

Check Study Materials for RBI Assistant Exam 2015

You can also get the Current Affairs PDF capsule for RBI Assistant Exam 2015 .

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Latest Repo, Reverse Repo, Bank Rate, CRR, SLR, MSF Rates for Exams

Bank Rate	7.75%	w.e.f. 29/09/2015
Cash Reserve Ratio (CRR)	4.00%	wef   09/02/2013
Statutory Liquidity Ratio (SLR)	21.50%	w.e.f. 07/02/2015
Repo Rate	6.75%	w.e.f. 29/09/2015
Reverse Repo Rate	5.75%	w.e.f.29/09/2015
Marginal Standing Facility (MSF)	7.75%	w.e.f. 29/09/2015

(Last Updated on: 25/10/2015)

Repo (Repurchase) Rate

Repo rate is the rate at which banks borrow funds from the RBI.

Reverse Repo Rate

The rate at which RBI borrows money from the banks (or banks lend money to the RBI) is termed the reverse repo rate.

Bank Rate

This is the rate at which RBI lends money to other banks (or financial institutions)

Cash Reserve Ratio (CRR)

Also called the cash reserve ratio, refers to a portion of deposits (as cash) which banks have to keep/maintain with the RBI.

Statutory Liquidity Ratio (SLR)

Besides the CRR, banks are required to invest a portion of their deposits in government securities as a part of their statutory liquidity ratio (SLR) requirements.

To know each rate in detail: Click Here

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Final Result of RBI Assistant Exam 2014

Friends.. Reserve Bank of India has published the final results of RBI Assistant Exam 2014 based on the online exam held during September 2014 and subsequent interview held during November 2014. You can check the result from the below link.

RBI Assistant Final Result: Click Here

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RBI Assistant Results 2014 Published

Friends.. Reserve Bank of India has published the result of RBI Assistant 2014 exam held through online mode on 23rd, 24th, 25th, 26th and 28th September 2014. The list of Roll Numbers of Candidates shortlisted for Interview is available. You can check the result from the following link. Congratulations to all the selected candidates!!

View Results: Click Here

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Useful Books for RBI Assistant Exam 2014

Friends.. Reserve Bank of India (RBI) is going to conduct RBI Assistant Exam 2014 around Fourth week of September 2014. Here are some useful books for preparing.

1) RBI - Assistant Online Exam Practice Work Book - Including Model Solved Papers Of 21.07.2013 & 29.04.2012

Publisher: Kiran Prakashan (2014)

Price: Rs. 370

See details and buy now>> http://goo.gl/hCuVCH

2) RBI Assistant & IBPS Bank Clerk - Previous Year's Solved Papers Of Exams Held In 2011, 2012 & 2013

Publisher: Kiran Prakashan (2014)

Price: Rs. 270

See details & buy now>> http://goo.gl/aSE49g

 

3) Reserve Bank of India Assistants Recruitment Exam Guide (English)

Publisher: Ramesh Publishing House

Price: Rs. 314

See details and buy now>> http://goo.gl/6eIsSP

4) RBI Assistants Exam Guide (English) 1st Edition

Publisher: Disha Publication

Price: Rs. 276

See details and buy now>> http://goo.gl/eFBTY9

 

5) RBI - Assistant Online Bharti Pariksha Practice Work Book - Including Model Solved Papers Of 21.07.2013 & 29.04.2012 (Paperback, Hindi)

Publisher: Kiran Prakashan (2014)

Price: Rs. 350

See details and buy now>> http://goo.gl/CkjgJE

More books are available in Flipkart. Click Here to see list of all books related to RBI Assistant Exam.

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RBI's monetary policy review 5 August 2014: Highlights

Freinds..Here are the highlights of RBI’s bi-monthly monetary policy statement released on 5 August 2014.

>> Short-term lending (repo) rate unchanged at 8%

>> Cash reserve ratio (CRR) unchanged at 4%

>> SLR cut by 0.50% to 22% to unlock banking funds

>> Estimates GDP growth at 5.5% for current fiscal

>> Targets 8% CPI inflation by January 2015, 6% by Jan 2016

>> Lowers banks’ SLR holdings in held-to-maturity category by 0.5% to 24%

>> Govt policies to improve domestic demand, supply conditions

>> Higher oil prices, pass-through of administered price increases pose upside risks to inflation

>> Monsoons still a concern, posing risks to inflation

>> Govt action on food management and fast-tracking project completion to improve supply

>> Banking sector reforms will continue

>> Next bi-monthly policy statement on September 30.

 Current RBI rates as on 5 August 2014 are as follows:

 1) Bank Rate- 9%

2) Repo Rate- 8%

3) Reverse Repo rate- 7%

4) Cash Reserve Ratio (CRR)- 4%

5) Statutory Liquidity Ratio (SLR)- 22%

6) Marginal Standing Facility- 9%

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Pattern of RBI Grade B Officers Exam 2014 Phase I

Friends..as you are aware RBI is going to conduct the exam for Recruitment of Officers in Grade ‘B’ - (General) Phase I on 03 August 2014. Here is the pattern of exam.

This Recruitment Examination will be held in two Phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II Written Examination (Descriptive Type)].

PHASE I (Will be conducted Online - Objective Type)

Questions will be asked from

General Awareness (80 questions & 80 marks)

English Language ( 30 questions and 30 marks)

Quantitative Aptitude ( 30 questions and 30 marks)

Reasoning ( 60 questions and 60 marks)

Composite time of 130 minutes for all tests together will be given.

The Objective type Exam for Phase- I ON-LINE will be held on August 3, 2014 as indicated in the Admission Letter. Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the Examination (which will be tentatively conducted in September 2014) based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase-II of the Examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted in Phase-I of the On Line Examination will be published on RBI website and a brief notice thereof in leading newspapers in August 2014.

Phase - I: OBJECTIVE TYPE TEST (ONLINE EXAMINATION)

The time for the test is 130 minutes; however you may have to be at the venue for approximately 180 minutes including the time required for logging in, collection of the Admission Letters, giving of instructions etc. The tests will be provided in English and Hindi. You can attempt any question from 1 to 200 at any point of time within these 130 minutes. All the questions will have multiple choices. Out of the five answers to a question only one will be the correct answer. You have to select the most appropriate answer and ‘mouse click’ that alternative which you feel is appropriate/ correct. The alternative/ option that you have clicked on will be highlighted and will be treated as your answer to that question. There will be penalty for wrong answers marked by you. For every wrong answer marked by you, 1/4th of the marks assigned to that question will be deducted as penalty. 

For more details see Information Handout issued by RBI: Click Here

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RBI Grade B Officers Exam 2014: Download Admit Card/Call Letter now

Friends..Reserve Bank of India (RBI) has activated the link now to download the Admit Card/Call Letter for RBI Grade B Officers Online Examination. The examination will be held on August 3, 2014 in two sessions. For downloading the admit card enter Registration No and Date of Birth or Password.

Download Admit Card: Click Here

View Notification: Click Here

Download Information Handout: Click Here

View useful books for this exam: Click Here

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Useful Books for RBI Grade-B Officers Exam/Recruitment 2014

Friends..Here is the list of useful books for RBI Grade B Officers Exam 2014. Reserve Bank of India invited applications for the recruitment of 117 Officers Grade ‘B’ (General) Vacancies on Direct recruitment basis. Eligible candidates can apply online form 03-06-2014 to 23-06-2014. Click Here for details. Tentative Date for Descriptive type Written Exam is in September/ October 2014. 

1) RBI GRADE - B OFFICERS' EXAM PHASE - I Objective Type PRACTICE WORK BOOK

Publisher: Kiran

Amount: Rs. 250

See details & Buy Now>> http://goo.gl/NXYbya

2) RBI Grade B Officers Exam Guide

Author: RPH Editorial Board

Amount: Rs. 332

See details & Buy Now>> http://goo.gl/iUvwfh

3) Rbi Grade B Officer Exam

Publisher: Priynka Prakashan

Amount: Rs. 328

See details & buy now>> http://goo.gl/TCgNme

4) RBI Grade - B Officer's Online Exam Phase - 1 Objective Type Practice Work Book

Publisher: Kiran Prakashan (2014)

Amount: Rs. 275

See details & buy now>> http://goo.gl/KM0c9V

5) RBI Grade - B Officer Pariksha Phase - I Objective Type Solved Papers And Practice Work Book

Amount: Rs. 90

See details & buy now>> http://goo.gl/S90l7y

Here we have sorted the most popular five books for RBI Grade-B Officers Recruitment 2014. More books are available in flipkart which you can buy as per your wish.

Click Here to see the list of all books available in the e-store for the exam.

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RBI Grade-B Officers Recruitment 2014 for 117 Posts

Reserve Bank of India invited applications for the recruitment of 117 Officers Grade ‘B’ (General) Vacancies on Direct recruitment basis. Eligible candidates can apply online form 03-06-2014 to 23-06-2014. Details are as follows:

RBI Vacancy Details:

Total No of Posts: 117

Name of the Post: Officers Grade ‘B’

1. GEN/ UR: 58 Posts

2. SC: 15 Posts

3. ST: 08 Posts

4. OBC: 36 Posts

Important Dates

Opening Date for Registration: 03 June 2014

Closing Date for Registration: 23 June 2014

Payment of Fee (Online): 03 June 2014 to 23 June 2014

Payment of Fee (Offline): 05 June to 26 June 2014

Date of Examination: 2/3/9/10 August 2014

Tentative Date for Descriptive type Written Exam: September/ October 2014

Age Limit: Candidates age should be between 21 years to 30 years as on 01-06-2014 i.e candidates must have born not earlier than 02-06-1984 and not latter than 01-06-1993. Age Relaxation is applicable for SC/ ST/ EXS candidates.

Educational Qualification: Candidates should possess Bachelor’s Degree with minimum of 60% marks or second class Masters Degree with minimum 55% marks or Doctorate degree with 50% marks or CA/ Cost Accountant/ ACS with Bachelor Degree, PG degree in Management/ MBA/ University grant commission with Graduation/ Bachelors Degree or an equivalent grade in aggregate of all semesters/ years.

Selection Procedure: Selection will be through Examinations and Interview. Examinations will be held in two phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II Written Examination (Descriptive type) & interview.

Application Fee: Candidates have to pay Rs.850/- for Gen/ OBC candidates, Rs.100/- for SC/ ST/ PWD candidates and no fee for Staff paid through the following mode.

Online Mode: Candidates have to pay the fee through Masters/ Visa/ Debit/ credit cards/ internet from 03-06-2014 to 23-06-2014.

Offline Mode: Candidates have to pay the fee through system generated challan paid at any Branch of Baroda/ Bank of India/ Bank of Maharastra/ central bank of India/ Indian Overseas Bank/ Punjab National Bank/ United Bank of India from 05-06-2014 to 26-06-2014.

How to Apply: Eligible candidate can apply online from the website http://www.rbi.org.in/ from 03-06-2014 to 23-06-2014 and send hard copy of application to the Office Board on or before 03-07-2014.

Instructions to Apply Online:

1. Before applying online candidates have to scan photo and signature and have valid email id.

2. Make Payment as mentioned above.

3. Log on to the website http://www.rbi.org.in/

4. Click on About Us—-> Opportunities at RBI

5. Click on Current Vacancies—–> Vacancies.

6. Click on Apply Online.

7. Fill all the details and upload photo and signature and click on Submit button.

8. You will get a Provisional registration number and password retain it for future use.

9. Take print out of application and send to the above mentioned address.

For more details see the notification from below link.

View Official Recruitment Notification: Click Here

Apply Online: Click Here

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RBI grants bank licenses to IDFC, Bandhan Financial; Green Signal also for India Post

>>  Reserve Bank of India said on Wednesday it had granted bank licenses to IDFC Ltd and Bandhan Financial Services that would be valid for 18 months and would be subject to the two financial firms fully complying with central bank regulations.

>> The central bank will also consider the application of India Post, but under a separate process to be carried out in consultation with the government.

>> The RBI last year allowed corporate houses to form banks as part of an effort to expand access to financial services in the country. No new Indian bank has been formed since Yes Bank in 2004.

>> The Election Commission on Tuesday allowed the RBI to announce new bank licences even ahead of general elections set to conclude next month, according to a notice in the commission's website.

>> The RBI had sought the commission's approval to issue new bank licences to ensure the process would not clash with the code of conduct ahead of elections, which prevents decisions that may be deemed as political from being taken by government officials or regulators.

>> The central bank said 25 applicants had been considered, and judged under various criteria including analysis of their financial statements, track record of running their business over the past 10 years and potential to run a bank.

>> The RBI Governor Raghuram Rajan had formed a four-member external panel to scrutinize applications for new banking licences, headed by a former RBI governor Bimal Jalan. It started evaluating the applications from November.

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