Banking Awareness For IBPS PO /MT 2013 exam

Types of Bank Account :

Current Account: A current account is the account  where we can have unlimited number of transactions on our account. Also we do not receive any interest on your deposit money.Moreover this account is for businesses and organisations. Overdraft is allowed in it. Because money is available on demand these accounts are also referred to as demand accounts or demand deposit accounts. Refer - http://en.wikipedia.org/wiki/Deposit_account

Saving Account: A savings a/c is for people who want to keep the money in the bank. This a/c pays a very small rate of interest (4%-6%) to the a/c holder. (It depends on the bank. If the bank is a pvt one, they charge you money if u don't maintain a min. balance, besides the annual maintenance charges) 

 An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn". Refer -  http://en.wikipedia.org/wiki/Overdraft

Overdraft means, once in a while they are allowed more money than what they have in the account, as long as they repay it with interest. 

Term Deposit:A money deposit at a banking institution that cannot be withdrawn for a preset fixed 'term' or period of time. When the term is over it can be withdrawn or it can be rolled over for another term. Generally speaking, the longer the term the better the yield on the money.

Economic Current Affairs........

1.  FCNRB stands for Foreign Currency Non-Resident Bank .
2.   FIIs stands for Foreign Institutional Investor.
3.  QFIs stands for Qualified Foreign Investors.
4.  FEMA stands for Foreign Exchange Management Act.
5. For which of three oil companies did RBi decide to open forex swap window to meet the daily dollar reguirement ?   Ans :  IOC, HPCL and BPCL
6. India's GDP growth rate of India has dropped to 4.4% .
7. Who has annonced two 48 days Government of India Cash Management Bills ?
8. Latest Banking Sector Rates:  a) SLR : 23%  from 24.5%  b) Bank Rate : 9.25% from 10.25%        c) CRR : 4% from 4.25% d) Repo rate: 7.50 increased from 7.25% e) Reverse Repo Rate : 6.50% from 6.25%

General Awareness Questions For IBPS RRB OFFICER SCALE EXAM

1. Who was appointed as the chairman of World Gold council ?                                                                                                                    Ans. Randall Oliphant
2. Who paid an official visit to Kyrgyz Republic and Uzbekistan  ?                                                                                                                     Ans. Indian External Foreign Minister ( Salman Khursid. In Bishkek,  he attended the 13th Shanghai Cooperation Organization (SCO) Council of Heads of State Summit on 13 September 2013. Syrian settlement to be among the main topic at SCO  summit in Bishkek. India and Pakistan  had  been the observer states  at SCO Summit.)
3. Who was appointed as the new executive director of Mahindra and Mahindra  on 23rd Sept. 2013 ? Ans: Dr. Pawan Goenka.
4. Who wrote the book titled with  GANDHI BEFORE INDIA?                                                       Ans : RAMCHANDRA GUHA 
5. Who is appointed as the election commissioner of Rajasthan State ?                                                    Ans: Ramlubhya  
6.  Who head the Committee for Evaluation of Research and Rankings ?                                          Ans:  K. Vijay Raghavan, Secretary of Department of Biotechnology.
7. Who inaugurated the  33rd Asian and Pacific Conference of Correctional Administrators (APCCA) in New Delhi?                                                                                                                    Ans :  Union Home Minister Sushilkumar Shinde.
8. Who was honoured by  humanitarian achievement award for his contribution to South-South cooperation and sustainable development ?                                                                                         Ans: NELSON MANDELA 
9. Who have been awarded with  Clinton Global Citizens Awards for the year 2013 ?                          Ans:       Bunker Roy and  Malala Yousafzai.
10. What stands for  ELISA  Test ?                                                                                                          Ans :         Enzyme-linked immune sorbent assay
11.  Who was appointed as the chairperson of the National Commission for Backward Classes (NCBC)? Ans:  Justice Vangala Eswaraiah, former Acting Chief Justice of Andhra Pradesh High Court.
12. Where did Typhoon Usagi occur ?                                                                                                     Ans:  Shanwei City in China.
13. Who was appointed as the brand ambassador of the Border Security Force (BSF).                            Ans: Virat Kohli
14. Which central scheme was launched on 23 Sept. 2013  for containing population decline of Parsis in India by the Ministry of Minority affairs , Government of India ?                                                          Ans: Jiyo parsi
15. Which members did resign from National Ganga River Basin Authority(NGRBA) ?                             Ans: Rajendra Singh  , Ravi Chopra and Rashid Siddiqui.
16. Which movie was  nominated as  India's Entry for 2014 Oscars Awards ?                                           Ans: Gyan Correa's debut Gujarati Movie The Good Road.  
17. Who was appointed as member of the National Human Rights Commission (NHRC)?                                                                                                                                                    Ans: Former Chief Justice Darmar Murugesan (Delhi High Court) 
18. When was International  Day of Peace observed ?                                                                              Ans: 21 September.