Canara Bank PO GK Paper - 2010

1.      Repo rate – 5.25%.(Very Recently Rbi(July 2nd) has increased the base rates by 25 basis points(i.e Repo rate & Reverse repo rate).Now its is 5.5% and 4% respectively.., but the question paper is prepared before a month so the answer would be 5.25%.)

2.      Food Inflation in 2009-10 – 17%.

3.      South Africa Currency – Rand.(Countries, Currencies, President's/PM's)

4.      GDP – Gross Domestic Product.(Financial& Banking Acronyms)

5.      2012 Olympics will be held in – London.

6.      Earth Day is observes on – April 22^nd.(Important Days)

7.      NBFC – Non banking finance company.

8.      India - Palestine – Wets Asia conflict.

9.      Bear and Bulls related to – Stock Market.

10. Special Drawing Rights issued by – IMF.

11. Term used in Hockey – Penalty Corner.

12. Economic Survey is done for the year - 2009-10.

13. Which country facing Crisis in Europe – Greece.

14. Women’s Reservation in state assemblies – 33%.

15. Base rate will be implemented from – July 2010.

16. Scheme related to Rural Health Scheme – NHRM.

17. Who is not related to famous author – M F Hussain.

18. India Bangladesh power plant in which city – Khulna.

19. WADI in West Bengal - tribal development programme.

20. Chairman of 13^th finance commission – Vijay Kelkar.

21. Player associated with women’s cricket – Mithali Raj.

22. India and Saudi Arabia signed pacts in – Energy Sector.

23. Which country is not playing International cricket – China.

24. First woman president of Costa Rica - Laura Chinchilla.

25. Government has granted 1,200 crore to – Bundelkhand region.

26. Viktor Yanukovych has been elected as – President of Ukraine.

27. Banking services to rural people termed as - Financial Inclusion.

28. To which country India has given 1billion US dollars – Bangladesh.

29. Teams played in IPL final – Chennai Super Kings vs Mumbai Indians.

30. Which of the following is not related to banking and finance – Cell fusion.

31. Which country has reservation in parliament for women like India – France.

32. Who presented the Union budget 2010-11 in parliament – Pranab Mukherjee

33. Recently which country celebrated Rabindranath Tagore birthday – China.

34. Which of the following award is not given in the not the field of literature -  Arjuna Awards.

35. Which country objected the meeting between Dalai Lama and Barack Obama – China.

36. Which of the following told government must cut its fiscal deficit to 3% - 13^th Finance Commission.

37. Ela Bhatt chosen for Niwano Peace Prize, she is from which Organisation – SEWA.

38. Which of the following is a book written by R K Narayan – The World of Nagaraj.

39. Who won the best male actor in 55^th Film fare awards – Amitabh bachchan.

40. The details of the companies financial position in the annual report of a company is known as – balance sheet.

41. Which of the following cup is not related to Cricket – Scindia Gold cup.

42. Question on Right to Education.

43. Question on Union budget 2010-11.

Note: Some Questions/Answers are inaccurate and not clear. If you remember the exact questions/answers put it on a comment box. Exam held on 04-07-2010.

Canara Bank PO Exam Pattern - 2010

Selection Procedure:

Selection will be on the basis of performance in written test and Interview.

Written Test consists of Objective Test and Descriptive Test. Exam Date 04-07-10.

Objective Test:

Sr. No	Name of the Test	No. of Questions	Max. Marks
1.	Test of Reasoning	75	75
2.	Quantitative Aptitude	50	50
3.	General Awareness	50	50
4.	English Language	50	50

Note: Total of 225 questions with a composite time of 135 minutes. For every wrong answer you will lose 0.25 marks. Bank will decide the minimum cut-off marks for each subject as well as Total Weighted Score [TWS]. English is also counted for merit ranking.

How many questions should I attempt in each section?

The below table shows you an example of how many questions should be attempted in order to clear the objective test.

Sr. No	Name of the Test	No. of Questions	Time
1.	Test of Reasoning	55-60	45
2.	Quantitative Aptitude	35-40	35
3.	General Awareness	30-35	20
4.	English Language	35-40	35

Descriptive Test:

Total of 5 internal questions in which you have to attempt any four each carrying 25 marks with a composite time of 60minutes.

Note: The Descriptive Test is only for qualifying purpose.

Interview:

Depending on the number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the written test as per the cut off marks decided by the Bank will only be called for interview. Maximum Marks for Interview is 100.

Bank PO Interview Experience - 2010

I present the Interview Experience of a candidate in Central Bank of India for the post of Probationary Officer (PO) whose name is ‘Akash, who completed his B-tech in Computer Science in 2008.

Þ    Why banking?

I am interested in banking and my father is also a banker.

Þ    In which bank your father will work?

He works in State bank of India as a clerk in Hyderabad.

Þ    If you are interested in Banking, then why you have done B-tech? and what you have done after the completion of your graduation?

Actually I had a plan to do MBA after my graduation, but due to financial problems I can’t do it, so i postponed to do my MBA until I get a job. In the mean time I have been preparing for banks.

Þ    How many banks have you appeared so far?

So far I have written five exams in that I cleared two exams one is this bank & another is Canara Bank and I didn’t cleared the interview round in Canara Bank.

Þ    What do you think the reason behind for not clearing the interview round(Canara Bank)?

I didn’t prepare well at that time.

Þ    Where is the Headquarters of this bank?

Mumbai.

Þ    What is the Use of Computers in a Bank?

Computers are used for many purposes in banks like:

Computer store details of customers account information.

Computers can solve billions of complex mathematical operations in fractions of a second.

Computers can be used for user authentication.

Computers can be used on a network to instantly contact other branches. When you use an ATM, you are using a networked computer terminal.

It's easier to access/update the information.

An employee can also check a customer's account balance instantly.

Computers help a bank save time and money, and can be used as an aid to generate profits.

Þ    What is recession? What is the cause for the present recession?

It can be defined as if country’s GDP growth is negative for two or more consecutive years and the main cause for the present recession is Sub-Prime crisis where it started in US.

Þ    What is Sub-prime crisis?

The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having low credit rating.

Þ    Why India is affected? Which sectors are affected?

Bcoz many of the Indian companies have major outsourcing deal from the US and moreover India is one of the largest exporter to US. Almost all sectors are affected majorly Industrial, Real estate and IT sectors.

Þ    Why Indian Banks are much not affected?

Why bcoz RBI has adjusted some key rates like CRR, Repo rate, bank rate( that in turn decreases interest rates that in turn increases money supply and that in turn increases Investment) and also Indian’s bank are less interested in giving sub prime loans.

Þ    What is CRR?

It is defined as the Cash Reserve Ration. It is the amount of funds that the banks have to keep with RBI.

Þ    How much amount that banks have to keep with RBI?

Five percent of the total amount.

Þ    What is Social Banking?

It is a banking process that caters specially to the development needs of the poor in sharp contrast with conventional commercial banking, which has marginalized the poor.

Þ    What is Federal Reserve?

It is the Central Bank of US like what we have RBI in our country.

Þ    Where you will be in five years from now if you are selected?

In the same bank with one or two promotions.

Note: Almost all the questions and answers are taken from Akash except for the question: Use of Computers in banks and Social Banking.