Saturday, August 2, 2014

Know Why Interviewer Ask These Questions

‘Ok, tell me something about yourself,’ says interviewer and you are like, ‘Ohh God! Why? Why can he just not look into my resume and find out himself?’ and then you give an unprepared, vague answer, which simply doesn’t impress him.Has this situation or anything similar happened with you? Have you ever felt why did the interviewer ask this question? Yes, it’s true that the simplest questions are the trickiest ones, which may easily land you into trouble. And to get out of the trouble, one easy way is to STAY INFORMED & PREPARED!To answer these fiddly questions perfectly, you need to know 3 things, which are: purpose behind asking, what’s the trick behind it, and what response does interviewer want! Here are some such simplest questions, discussed upon these three aspects.

Q: Tell me one word that describes you the best
.Purpose: To know your personality, check your confidence level when it comes to self-awareness, and whether you are fit for the job role.
Trick: Multi personality being a common trait of many people, has made the interviewer come up with tricky questions to identify the real personality amidst the lot. With this one word, interviewer tries to reveal the real you
Expected Response: Be true and be self-informed! Know what is that one thing that over rules your persona, and think whether it goes well with the job profile you are looking for. Be you say you are creative, and then applying for banking job, it won’t really help you. So, find one best thing in you that fits to your job profile

.Q: What is your biggest strength & weakness?StrengthWeakness Why Did Interviewer Ask This Question? 
 Part 1Purpose: Every work has different requirement & every workplace has different culture. To ensure your adaptability level, interviewers ask this question.
Trick: Revealing both your strengths & weakness can land you into trouble. Your strengths might not go with what the job demands and on the other hand your weakness would reveal where you are not good at, which might go against you. In short, be extra prepared for this question.
Expected Response: Be smart with answering this question. Tell your strengths in a way that can overcome your weakness. Or when telling your weakness mention the positive points that you have taken to overcome your bad points.

Q: One reason for why your co-workers might not like you.
Purpose: To know if there is any obtrusive personality issue with you. They want to know what according to you can be the worst situation while working with you
.Trick: One answer that generally people give is ‘I cannot think of that situation that anyone wouldn’t like working with me.’ But with this, you can sound rude and insult the question of the interviewer. So, you again have to get hold of this trick and give a smart & sensible answer.
Expected Response:Surely, you do not have to start counting your negative points here. Instead, tell them that you have mostly experienced a positive response while working with people in the past. You can tell about one moment when you temporarily had a problem with your team for when you suggested a new idea and it demanded extra efforts from the team to execute it. Or something similar.

Friday, August 1, 2014

Banking Study Materials Vostro Nostro &Loro Account - www.tutioncentral.com


For Banking aspirants, Banking terms explained with examples for easy understanding
 Topics covered in this video:
  • •What is Vostro Account
  • Example of Vostro Account
  • What is Nostro Account
  • Example of Nostro Account
  • What is Loro Account
  • Example of Loro Account


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Online Application for JAIIB/CAIIB/Certificate in CAIIB Electives Examinations - NOV/DEC 2014

SUBMISSION OF EXAMINATION APPLICATION ONLINE- NOV/DEC 2014
IMPORTANT
  1. The Institute has launched online registration for all Examinations(except for DRA and BCBF examinations) and the same is now available on this page. Please note that physical form with Demand Draft/Pay Order/Pay in-slip will NOT be accepted by the Institute with effect from May/June 2013 examinations.
  2. IIBF Members are those individuals who are Life members of the Institute and are employees of a banking establishment or financial institution or any other institution, which is an Institutional Member of the Institute. Except for ASSOCIATE (JAIIB/CAIIB) Examinations., Non-Members can apply only for Diploma and Certificate Examinations.
  3. Candidates desirous to apply for more than one examination are requested to see the time table carefully and apply for only one examination scheduled to be conducted on a date given in the time table since Institute is conducting certain Examinations simultaneously on the same day.

Print Time Table / Examination Fees /Centre List / Rules & Syllabus 
S.NoExaminationTime Table / Examination Fees / Centre ListExamination ApplicationRules & Syllabus
1.JAIIBNOV/DEC 2014Apply Online
2.CAIIBNOV/DEC 2014Apply Online
3.CERTIFICATE EXAMINATION IN ELECTIVE SUBJECT OF CAIIBNOV/DEC 2014Apply Online
4.DIPLOMA IN BANKING & FINANCE EXAMINATIONJuly 2014Apply Online
REVISED SCHEDULE FOR DIPLOMA OFFLINE EXAMINATIONS – July 2014
5.DIPLOMA IN TREASURY INVESTMENT AND RISK MANAGEMENTJuly 2014Apply Online
6.DIPLOMA IN INTERNATIONAL BANKING AND FINANCEJuly 2014Apply Online
7.DIPLOMA IN BANKING TECHNOLOGYJuly 2014Apply Online
8.DIPLOMA IN COMM DERIVATIVES FOR BANKERSJuly 2014Apply Online
9BANKING ORIENTED PAPER IN HINDIClick here
SCHEDULE FOR DIPLOMA ONLINE EXAMINATIONS – JULY 2014
10.ADVANCED WEALTH MANAGEMENT COURSE (FORMERLY KNOWN AS PGDFA)July 2014Apply Online
11.DIPLOMA IN HOME LOAN ADVISINGJuly 2014Apply Online
12.ADVANCE DIPLOMA IN URBAN CO-OPERATIVE BANKINGJuly 2014Apply Online
SCHEDULE FOR CERTIFICATE ONLINE EXAMINATIONS – JULY 2014
13.CERTIFICATE EXAMINATION  IN SME FINANCE FOR BANKERSJuly 2014Apply Online
14.CERTIFICATE EXAMINATION  IN CREDIT CARD FOR BANKERSJuly 2014Apply Online
15.CERTIFICATE EXAMINATION  IN QUANTITATIVE METHODS FOR BANKING & FINANCEJuly 2014Apply Online
16.CERTIFICATE EXAMINATION  IN TRADE FINANCEJuly 2014Apply Online
17.CERTIFICATE EXAMINATION  IN CeISBJuly 2014Apply Online
18.CERTIFICATE EXAMINATION  IN AML-KYCJuly 2014Apply Online
19.CERTIFICATE EXAMINATION IN CUSTOMER SERVICE & BANKING CODES AND STANDARDSJuly 2014Apply Online
20.CERTIFICATE EXAMINATION IN IT SECURITYJuly 2014Apply Online
21.CERTIFICATE EXAMINATION IN RURAL BANKING OPERATIONS FOR RRB STAFFJuly 2014Apply Online
22.CERTIFICATE EXAMINATION IN PREVENTION OF CYBER CRIMES AND FRAUD MANAGEMENTJuly 2014Apply Online
23.CERTIFICATE EXAMINATION IN FOREIGN EXCHANGE FACILITIES FOR INDIVIDUALSJuly 2014Apply Online
24.CERTIFICATE EXAMINATION IN MICROFINANCEJuly 2014Apply Online
25.Certification in Card Operations (for Employees of I.T. and BPO Companies)July, 2014Apply Online
26.Certification in Functions of Banks (for Employees of I.T. and BPO Companies)July, 2014Apply Online
27.Certification in Basics of Banking (for Employees of I.T. and BPO Companies)July, 2014Apply Online
28.DRA ExaminationClick Here
29.DRA Telecallers ExaminationClick Here
30.CERTIFICATE COURSE FOR BUSINESS CORRESPONDENTS/ BUSINESS FACILITATORSClick Here

Specialized Certificate Courses
1.CERTIFIED BANK TRAINER  Click HereApply Online
2.CERTIFIED BANKING COMPLIANCE PROFESSIONAL Click HereApply Online

Friday, July 18, 2014

MODEL QUESTIONS JAIIB - PRINCIPLES OF BANKING – MODULE A & B

MODEL QUESTIONS JAIIB
PRINCIPLES OF BANKING – MODULE A & B

1)    Reserve Bank of India’s functions are classified into:
a)    Supervisory & Regulatory
b)    Promotional & Developmental
c)    Refinance Activities
d)   All of the above                                                                                (d)

2)    Minimum Bank Rate is:
a) 3%
b) 4%
c) 5%
d) None                                                                                                    (d)

3)    Sec ---- of  RBI Act,1934 gives sole power to RBI to issue currency notes
a) 10
b) 18
c) 22
d) 26                                                                                                         ( c )

4)    KYC means
a)    Know Your Customer very well
b)    Know Your  existing Customer very well
c)    Know Your  prospective Customer very well
d)   Satisfy yourselves about the customer’s identity and activities. (d)

5)    In a Garnishee Order, the banker on whom garnishee order served is:
a) Judgement   Debtor’s    Creditor
b) Judgement   Creditor’s  Creditor
c) Judgement   Creditor’s  Debtor
d) Judgement   Debtor’s    Debtor                                                       (d)

6)    Sec 131 of NI Act,1881 extends protection to the
a) Paying Banker
b) Collecting Banker
c) Advising Banker
d) Issuing Banker                                                                                  (b)

7)    Hypothecation is applicable in the case of
a) Movable goods
b) Immovable property
c) Book debts
d) Corporate guarantee                                                                                    (a)

8)    A cheque is dated 12/05/05.the due date is:
a) 12/08/05
b) 14/09/05
c) 12/11/05
d) None                                                                                                    (d)

9)    Charge created on LIC Policy is:
a) Hypothecation
b) Pledge
c) Assignment
d) Mortgage                                                                                             ( c )

10)  Your bank grants a working capital finance to ABC & Co, a partnership firm, against hypothecation of  inventory. The charge is to be registered with Registrar of Companies within
a) 30 days from the date of  advance
b) 30 days from the date of  hypothecation agreement
c) 30 days from the date of  sanction of  loan
d) None                                                                                                    (d)

11) Which one of the following is not barred by law of limitation?
      a) Pledge
      b) Hypothecation
      c) Banker’s lien
      d) Guarantee                                                                           ( c )

12) The term “Credit Management” covers
     a) Capital adequacy norms
     b) Risk management including Asset/Liability management
     c) Credit appraisal – decision and review of  loans & advances
     d) All of  the above                                                                (d)

13) Bank’s Assets are classified in to standard assets, substandard assets doubtful assets and loss assets, based on the recommendations of -------------------- Committee
    a) Rangarajan
    b) Narasimham
    c) Ghosh
    d) Tandon                                                                                (b)

14) The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash , is known as
a)      Trade cycle
b)      Cash cycle
c)      Operating cycle
d)     Revolving cycle                                                                    ( c )

15) A company which pools money from investors and invests in stocks,
bonds, shares is called
a) A bank
b) An insurance company
c) Bancassurance
d) Mutual Fund                                                                          (d)
16) Bancassurance is
a)   An insurance scheme to insure bank deposits
b)   An insurance scheme to insure  bank advances
c)    A composite  financial service offering both bank and insurance products
d)   A bank deposit scheme exclusively for employees of  insurance companies                                                                                 ( c )

17) John & James are friends aged 14 & 15 respectively. They want to open a joint account in your bank. You will
a)      Allow them to open a joint account to be operated jointly
b)      Allow them to open a joint account with operating instructions Either or Survivor
c)      Allow them to open a joint account with operating instructions Former or Survivor
d)  Allow them to open a joint account with operating instructions Any one or
     Survivor                                                                                  (a)

18) Mr.Atmaram as director of a Ltd company expired. Bank received a cheque signed by  Mr.Atmaram as director of  the Ltd company. The bank
a)      Can honour the cheque only after obtaining confirmation from other directors
b)      Can honour the cheque
c)      Cannot hounour the cheque
d)     The company should issue a stop payment instructions to the bank 
 (b)
19) Tele banking service is based on
a)      Virtual Banking
b)      Online Banking
c)      Voice processing
d)     Core Banking                                                                       ( c )



20) In a securitisation deal, the role of  a Special Purpose Vehicle (SPV) is
a)    To acquire large Non Performing Loans (NPA)
b)    To acquire such loans from a bank or financial institution
c)    To acquire such loans for a transfer price, with or without recourse
d)   To manage the acquired loans  for the purpose of  realization or holds them as investment till maturity                                              (d)


     21)Securitisation is a process of acquiring the loans classified as
a) Bookdebts
b) Performing debts
c) Bad debts
d) Non performing debts                                                          (d)

22)The minimum percentage of  Priority Sector advances to be
       maintained by foreign banks in India
a) 40%
b) 18%
c) 32%
d) 60%                                                                                          ( c )

23) Loan for fish rearing is covered under Prirority Sector as ----------- advances
a)   Direct Agriculture
b)   Indirect Agriculture
c)   Self Employment Scheme
d)   Allied to indirect Agriculture                                               (a)



24) Cash Budget is a statement of
a)   Cash-Non cash funds
b)   Cash receipt and Cash payments
c)   Another name for cash flow
d)   None                                                                                      (b)

25) In bank’s parlance credit risk in lending is
a)   Default of the banker to maintain CRR
b)   Default of the banker to maintain SLR
c)   Default of the banker to release credit to the customer
d)   Default of the  customer to repay the loan                      (d)

26) The apex institution which handles refinance for agriculture and rural development is called:
a)   RBI
b)   SIDBI
c)   NABARD
d)   SEBI                                                                                       ( c )

27) Long Form Audit Report (LFAR) is prepared and submitted by
a)   RBI inspectors
b)   Internal inspectors
c)   Statutory auditors                                                                 ( c )
d)   Concurrent auditors

     28) As per FIMMDA’s guidelines, the Mid-Office is responsible for:
a)  Dealing activities
b)  Risk Management
c)  Reconciliation
d) Confirmation of  deals                                                          (b)



29) Interest is calculated on actual/365 days basis in respect of the
       following products, except one :
a)    Call Money
b)    Notice Money
c)    Term Money
d)   GOI dated securities                                                                        (d)

30) Which was the first Mutual Fund started in India:
a) SBI Mutual Fund
b) Kotak Pioneer Mutual Fund
c) Indian Bank Mutual Fund
d) None of  the above                                                                           (d)

31) The regulator for Mutual Funds in India is:
a) FIMMDA
b) AMFI
c) RBI
d) SEBI                                                                                                    (d)

32) FIMMDA’s general principles and procedures are applicable to:
a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above                                                                                  (d)

33) Your bank’s customer  XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00
      The CC account shows a credit balance of Rs,10,205.00.
      The relationship between your bank and XYZ Ltd is:
a)    Debtor/Creditor
b)    Creditor/Debtor
c)    Bailor/Bailee
d)   Bailee/Bailor                                                                                     (a)

34) The right of set-off is:
a) Customer’s Right
b) Customer’s Obligation
c) Banker’s Right
d) Banker’s Discretion                                                                          (d)

35)Which of  the following forms of business are permissible under  BR Act:
a) Borrowing
b) Issuance of  Letters of  Credit
c) Buying and selling of  bullion
d) All of  the  above                                                                                (d)

36) A Co-Operative Bank operating in different States are regulated by:
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to Co-Operative Societies)               ( c )

37) In respect of  Regional Rural Banks, the share holding pattern is:
a) Central Government 50%,State Government 35%,Sponsoring Bank 15%
b) Central Government 50%,State Government 15%,Sponsoring Bank 35%
b) Central Government 15%,State Government 35%,Sponsoring Bank 50%
b) Central Government 35%,State Government 50%,Sponsoring Bank 15%
                                                                                                                  (b)
38) Law of limitation is not applicable in respect of :
a) Advance against pledge of  shares
b) CC granted against hypothecation of inventory
c) Term loan secured by mortgage of  Plant & Machinery
d) Bank Term Deposit                                                                           (d)




39) A bank in India, wants to undertake capital market activities, it should:
a) Obtain special license from AMFI
b) Obtain special license from FIMMDA
     c)  Both a and b
     d)  Register with SEBI                                                                            (d)

    40) FIMMDA stands for:
    a) Foreign Exchange Markets and Derivative Markets
    b) Fixed Income Markets Money Markets and Derivatives Markets
    c) Fixed Income Markets and Derivatives Markets
    d) None of  the above                                                                             (b)

  41) The Capital Adequacy Ratio is :
  a)  6%
  b)  8%
  c)  9%
  d) 10%                                                                                                          ( c )

42) Except one of  the following others are known as Non Fund based facilities:
a) Letters of  Credit
b) Bank Guarantees
c) Co-acceptance of  Bills
d) Trust Receipt                                                                                            (d)

43) FIMMDA’s guidelines cover the following products, except one:
a) Call Money
b) Cross Currency Interest Rate swaps
c) Commercial Paper
d) Certificate of  Deposit                                                                             (b)

44) Except one of  the following others are part of Public Sector Banks:
a) State Bank of  Hyderabad
b) Central Bank of  India
c) Regional Rural Bank, sponsored by a nationalized bank
d) HDFC Bank                                                                                              (d)

45) A banker is expected to honour the cheques within the specified banking hours as per Section  of  NI Act,1881
a)    22
b)    25
c)    31
d)   65                                                                                                        (d)