Punjab and Sind Bank PO Exam Pattern 2010

Pattern for Punjab and Sindh Bank PO exam which is going to held on 16-05-2010.

v Written Test(Objective Test and Descriptive Paper):

1.      Objective Test:

Sr. No	Name of the Test	No. of Questions	Max.Marks
1.	Test of Reasoning	75	80
2.	Quantitative Aptitude	50	60
3.	General Awareness	50	60
4.	Computer Knowledge	50	50
5.	English Language	50	50

 Note: Total of 275 questions with a composite time of 160 minutes. For every wrong answer you will lose 0.25 marks. You have to pass in each of the objective test with a minimum score of 40% in each section.

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	50
2.	Quantitative Aptitude	35	30
3.	General Awareness	35	30
4.	Computer Knowledge	40	20
5.	English Language	35	30

 Note: If you follow the above table you must maintain 100% accuracy.

2.      Descriptive Test:

It consists of three questions with internal choices. Total of 50 marks are allocated. Total of 60min allocated for descriptive test.

Note: You have to score a minimum of 40% of marks allocated for the descriptive test. Both the tests [objective (All sections) + descriptive] are considered for merit ranking.

v Interview :

Depending upon the number of vacancies only a certain number of candidates from amongst those who qualify by ranking sufficiently high in merit on the basis of aggregate marks in the written test will be called for the interview. The candidate has to secure minimum passing marks in the interview to become eligible for final selection.

Final selection will be made on the basis of aggregate marks obtained by the candidates in the written test & Interview taken together and will be strictly according to the merit.

SBI Clerk Interview Experience II - 2010

1.      Why you choose bank rather that S/w as you are a B-tech student?

H:  I am interested in a bank that’s why I have chosen and moreover B-tech is just a graduation, to be strong in Computer Knowledge I have chosen it.

2.      What is the reason for Recession?

H:  Though there are many reasons for the recession, sub-prime crisis contributes the major.(Go for Interview Experience –I).

3.      What is Sub-prime crisis?

H:  Giving home loans to the people who don’t have good credit rating.

4.      Which sectors are affected due to recession in India?

H:  Almost all sectors are affected, mostly Real estate and IT sector.

5.      Was Indian Banking got affected due to recession?

H: Affected but it is negligible.

6.      Name some of the financial institutions in India?

H: SBI, NABARD, LIC.

7.      Who and what is important for bank?

H: Customers and Money.

8.      How you will be useful to the bank if you were selected?

H: I am a hard worker as i can complete the work accurately within the time and I have very good knowledge on computers and its applications.

9.      Do you think private banks are a threat to public banks?

H: No I don’t think so, Still India need more banking service to reach out different types of people. We have different types of banks in India, like Rural banks for Rural people , private banks for high net worth individuals and public sector banks for general public.

10. You are over qualified for clerical job? Why do u prefer clerk job? Why not Officer?

H: I have appeared for the Officers, but did not get through. So I decided to join as a clerk and then try for the officer post.

11. What is the meaning of Sbi logo? And what do you know about SBI?

H: Told whatever I known.

About SBI:

State Bank of India(SBI) is the largest bank in India.

The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. The Government of India nationalized the Imperial Bank of India in 1955.

The State Bank Group having more than 17000 branches. SBI alone holds 12,448 branches. SBI has over 21,000 ATMs.

The bank has 141 overseas offices spread over 32 countries.

Symbol and Logo:

Symbol is the Key Hole, whose meaning is "Welcome to SBI".

Slogans are:

1) The Nation banks on us

2) Pure banking nothing else

3) The Banker to every Indian

4) With you all the way.

State Bank of India has the following six Associate Banks (ABs):

1.      State Bank of Bikaner and Jaipur (SBBJ)

2.      State Bank of Hyderabad (SBH)

3.      State Bank of Indore (SBIr)

4.      State Bank of Mysore (SBM)

5.      State Bank of Patiala (SBP)

6.      State Bank of Travancore (SBT)

The six ABs have a combined network of 4502 branches in India which are fully computerized and 2410 ATMs.

12. How can you find the fake currency note?

H: Don’t know.

Ways to detect a fake note

Optical Variable Ink: The colour of the numeral 1000 appears green when the banknote is held flat but would change to blue when the banknote is held at an angle. The font size is also reduced.

Latent Image: When the note is head horizontally, the vertical band on the right shows an image of the number 1000.

Security Thread: The note also has a three millimeter wide security thread with the inscriptions: one thousand, the word 'Bharat' in Hindi and RBI.

Micro lettering: The 'RBI' and the numeral, "1000" - which can be viewed with the help of a magnifying glass - are between the Mahatma Gandhi portrait and the vertical band.

Watermark: When the note is held against the light, the picture of Gandhi and an electrolyte mark showing the number 1000 appear in the white space.

Note: I Presented the Sbi Clerk Interview experience of Hari Jadhav who appeared on 29-03-10.

SBI Clerical Interview Experience - 2010

I present the Interview experience of a candidate named Balvinder who attended Sbi Associates Clerical interview in 2009 and submitted her interview experience to this blog.

Interviewer: why do u want to join the bank , as u have engineering background your performance is fantastic in every field n u r lecturer in engineering college?

balvinder: I told them that i always wanted to come into banking field after doing mba but due to some financial problems i could not make it. I have always admired my paternal uncle who is in one of the psb employee at a very reputed designation....n as far as my engineering background is concerned so i think i always stand one step ahead den those who r plain graduate as i can handle each n every thing in a smarter way den a plain graduate can do.

Int: Don’t you think that you are overqualified for this post?

bal: Yes i m aware of his fact but to me becoming a part of this organisation will b an honour for me moreover this is my dream bank n this post will act as a first step to get into this organisation.

Int: Don’t you get frustrated if a person with less knowledge and qualification will b your boss/ senior?

bal: Absolutely not because if that person is a part of this organisation and holding a respected designation then definitely he will b having some knowledge ...moreover i will try to learn new things from that person n will try to move ahead in my professional life.

Int: Were do you see yourself after 5 yrs?

bal: Well i c my self at a managerial post (officer) in this organisation itself .

Int: r u mobile?

bal: yes i am .

Int: Do you any problem if u will b posted in a village?

Bal: Absolutely not.

Int: What will u do if an illiterate customer comes to you?

bal: I will first ask his purpose for visiting the bank on that basis will deal with him.

Int: What will u do if he has to open an saving a/c n at that time when you are busy in your work?

bal: I will keep aside my work as every customer comes with a purpose. I will attend him , will fill up his form and will complete all the formalities as he can help us in increasing our business.

Int: As you have written in your bio-data form that you won soo many prizes in quiz competition, so tell me tha news channels u watch?

bal: I told him few news channels (all were hindi).

Int: Don’t you watch English Channel?

bal: I said i do,

Int: He asked me to name them?

bal: i told him few channels like cnbc 18, cnbc awaaz,  zee business, etc.

Int: lastly they asked me to define bank?

bal: It is a financial institution which facilitates to make deposits, provided loans for education, agriculture, and may other things.

RBI Annual Policy Statement 2010-11

The RBI on Tuesday(20-04-10) hiked short-term lending and borrowing rates(Repo and Reverse repo Rates) and the portion of money banks deposit with it by 25 basis points each, in a move aimed at controlling the double digit inflation.

The below list shows the present and increased key rates:

Policy Rates/Reserve Ratios	Present rate	Increased rates
1. Bank Rate	6.00%	Unchanged
2. Repo Rate	5.00%	5.25%
3. Reverse Repo Rate	3.50%	3.75%
4. Cash Reserve Ratio	5.75%	6.00%
5. Statutory Liquid Ratio	25.0%	unchanged

Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks. The hike in CRR, which will come into effect from April 24.

As a result of the increase in the CRR, about Rs 12,500 crore of excess liquidity will be absorbed from the banking system.

With the RBI deciding that banks now need to increase the amount of cash they have to keep with the central bank (the cash reserves), the problem is that banks will not earn any interest on this amount.

So banks will be left with little option but to hike interest rates to make up for that loss of interest they would normally have earned had CRR been lower.

So Home loan, car loan and personal loans are likely to rise marginally that might burden for the common man.

Why RBI was forced to hike rates?

The RBI said that the Indian economy is firmly on the recovery path. Exports have been expanding since October 2009, a trend that is expected to continue.

On balance, under the assumption of a normal monsoon and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand, for policy purposes the baseline projection of real GDP growth for 2010-11 is placed at 8.0 per cent with an upside bias.(Inputs from: Rediff)

Assuring that the policy actions would not halt the recovery, the RBI pegged the FY'11 GDP growth at 8 per cent. It also pegged the wholesale inflation, which is currently hovering close to the double-digits (9.9 per cent in March), at 5.5 per cent for FY' 11.

Bank PO Interview Experience II - 2010

1.      Why do you want to enter banking?

Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.

2.      Have you applied to any other areas apart from banking?

No.

3.      What is the difference between Cheque and Demand Draft?

Both are used for transfer the amount b/w two accounts of same or different Bank. Cheque is written by an individual and withdrawn from the account whereas Demand draft is issued by a bank where you have to pay before issuing.

4.      What are NBFCs and difference between NBFCs and Bank?

Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.

5.      What is Free Market economy?

A market economy based on supply and demand with little or no government control is said to be free market economy.

6.      What are the functions of Nabard?

National Bank for Agriculture and Rural Development(NABARD) is one of the premiere agency to provide credit in rural areas. It provides credit flow for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.

7.      Is there any specialized company for home finance in India?

National Housing Bank(NHB)

8.      Do you think that you are over qualified for this position?

No, I don’t think so, but I am very well qualified for this position.

9.      2 years down the line if you would be offered 50k or 70k by other organization, Will you leave this organizations? If not why?

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10. What is National Electronic Fund Transfer system (NEFT)? What is the difference between RTGS and NEFT?

National Electronic Fund Transfer (NEFT) is an online system for transferring funds of Indian financial institution (especially banks). This facility is used mainly to transfer funds below Rs. 1,00,000. The Reserve Bank of India has instructed banks that they should not use RTGS for amounts below Rs 1 lakh.

The key difference between RTGS and NEFT is that while RTGS is on gross settlement basis, NEFT is on net settlement basis. The minimum transaction value for RTGS is Rs. 1,00,000, whereas there is no minimum value for NEFT.

11. What is Private Banking?

Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term "private" refers to the customer service being rendered on a more personal basis.

12. What is an Investment Bank and Commercial Bank and what is the difference between them?

Investment Bank: A financial institution that deals primarily with raising capital, corporate mergers and acquisitions, and securities trades. It aids companies in acquiring funds.

Commercial Bank: An institution which accepts deposits, makes business loans, and offers related services. Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit. These institutions are run to make a profit and owned by a group of individuals.

A Commercial bank is commonly referred to as simply a bank. The term ‘Commercial’ is used to distinguish it from an investment bank. The term ‘Commercial’ is used to refer to any banking organization or division that deals with the deposits and loans of business organizations.

Traditionally, banks either engaged in commercial banking or investment banking. In commercial banking, the institution collects deposits from clients and gives direct loans to businesses and individuals.

Through investment banking, an institution generates funds in two different ways. They may draw on public funds through the capital market by selling stock in their company, and they may also seek out venture capital or private equity in exchange for a stake in their company.

Examples of Investment Banks: Bank of America, J P Morgan Chase, Citigroup.

Note: Give your best possible answer for the question 9.