Pattern for Bank Po's

Normally Pattern for bank po's:

There will be two sections:

Objective Test:

1.      Reasoning---------------75Q

2.      Aptitude----------------50Q

3.      General Awareness----50Q

4.      English------------------50Q

Total of 225Q, 135minute (2hr 15min) will be given.

For clearing the objective test within time, you may need to attempt a min. no. of questions as shown below (suggested).

1.      Reasoning--------------attempt 55-60Q within 50minutes.

2.      Aptitude----------------attempt 30-35Q within 30minutes.

3.      General Awareness---attempt 30-35Q within 30minutes.

4.      English----------------- attempt 25-30Q within 25 minutes.

The cut-off for each section may be 40% or 45% or 50% to the number of questions based on the Category and the bank requirement. Normally for four sections, each question carries 1mark for correct answer and 0.25 marks will be deducted for every wrong answer. If you get more than 120 marks out of 175(A+B+C sections) you will be on safe side. English will be only for qualifying purpose and they do not consider for merit ranking.

Time factor will be very crucial for this section compared to descriptive. And don't make confirm that by clearing min. marks in each section will clear the written test, bcoz there will be lot of competition and also it is based on the number of seats available. So attempt maximum no. of questions in Reasoning & Aptitude questions if you find time as these are scoring sections.

Before two or three days of exam practice previous question papers (2 or 3) each and every section thoroughly, surely it will help you how much time do you take to complete the paper.

Descriptive test:

5 internal questions will be there each carrying 20 marks with a time of 60minutes.Total of 100marks.Qualifying mark will be 50.Questions based on Socio-economic development and Communication Skills. While writing descriptive plz make sure that your handwriting must be legible and the matter should be within the boundary relating to the question mentioned.

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Weightage for General Awareness Section in Central Bank of India:

• 5-7 bits from Union & Railway budget.
• 3-4 bits from Awards relating to National, International, Sports, Films.
• 3-4 bits from Sports including Cups/Trophy's related to Sports.
• 2-3 bits from Finance & Economic related terms.
• 2-3 bits from new Presidents, Prime Ministers, Chief Ministers, Governors and their parties.
• 2-3 bits from Summits, places in news in national & International level.
• 2-3 bits from new Appointments (like chairman, CEO, MD, etc) in national & International.
• 1-2 bits from Authors & Books.
• 1-2 bits from Countries launching Satellites, Orbits, Missiles.
• 1-2 bits from MOU between countries & Companies in National & International level.
• 1-2 bit from deaths of famous persons.
• 1-2 bits from Committees, Schemes, etc launched by gov.
• 1 bit from Important Days.
• 1 bit from Acronyms.

So if we attempt around 32-38 bits with 90% accuracy we can clear this section. If you attend 26-30 bits please make sure that all are correct, otherwise it will difficult to clear this section.Dont attempt more than 40 bits if you are not sure.

For general awareness section refer the important labels:

• Miscellaneous
• New Presidents, Prime Ministers of Countries
• New Chairman, CEO and their positions
• Sports & Awards
• Highlights of Union Budget
• Summits, places in news
• Deaths
• Books & Authors
• Trophy's associated with sports
• Important Days.
• Committees, Commissions, Schemes.

in http://currentaffairsbankpo.blogspot.com/

Suggested Books for general awareness:

• Competition Success Review (June, July, August Issues).
• Mahendra's Master in Current Affairs (June, July, August Issues).
• Prathiyogita Kiran (June, July, August Issues).

Suggested Books for English:

• Objective English by BSC publications.
• Objective English by R S Agarwal.

Suggested Books for Reasoning:

• Verbal & Non-Verbal Reasoning by R S Agarwal

Suggested Books for Aptitude:

• Quantitative Aptitude by R S Agarwal.

Suggested Books for Previous Papers:

• Bank Po's & Specialist Officers Exam by R Gupta's.

Note: All measure mentioned here are calculated approximately. These statements are completely based on my experience.

Banking System in India

Before the independence, the banking system in India was primarily associated with urban sector. After independence, the banks had to spread out into rural and un-banked areas and make credit available to the people of those areas. Therefore, in 1950, the Imperial Bank of India expanded its offices in rural areas also and was brought under control of the Government in July 1955 and   was renamed as State Bank of India. On 19 July, 1969, the government (Prime Minister Indira Gandhi) nationalized 14 major banks with deposits over 50 crores. On 15 April, 1980, 6 more commercial private sector banks with deposits over 200 crores were nationalized. In July 1993, New Bank of India was merged with Punjab National Bank. Now, there are 27 banks in the public sector viz. State Bank of India and its 7 associates, 19 commercial banks exclusive of Regional Rural Banks, 27 private sector banks and 29 foreign bank operating in India at present.

Reserve Bank of India

The Reserve Bank is the central banking institution of India. It was originally constituted as a shareholder's bank and started functioning as the Central Bank of India from 1st April 1935.Before 1935, the central banking functions were divided between the Central Govt. and the Imperial Bank of India. The Reserve Bank has the sole authority to issue bank notes in India.

After the independence of the country, the demand for the nationalization of the Reserve Bank was made. The Reserve Bank of India bill seeking transfer to public ownership was introduced in the parliament. The act was made by the parliament for giving public ownership to the bank and since 1st January 1949, the Reserve Bank is functioning as the state owned and state managed central bank of the country.

List of Public Sector Banks(Nationalized) in India(26):

1.             Allahabad Bank

2.             Andhra Bank

3.             Bank of Baroda

4.             Bank of India

5.             Bank of Maharashtra

6.             Canara Bank

7.             Central Bank of India

8.             Corporation Bank

9.             Dena Bank

10.        Indian Bank

11.        Indian Overseas Bank

12.        Oriental Bank of Commerce

13.        Punjab & Sind Bank

14.        Punjab National Bank

15.        Syndicate Bank

16.        UCO Bank

17.        Union Bank of India

18.        United Bank of India

19.        Vijaya Bank

List of State Bank of India and its subsidiary(7):

1.      State Bank of India

2.      State Bank of Bikaner & Jaipur

3.      State Bank of Hyderabad

4.      State Bank of Indore

5.      State Bank of Mysore

6.      State Bank of Patiala

7.      State Bank of Travancore.

List of Private Sector Banks(27):

1.             Bharat Overseas Bank Ltd.

2.             City Union Bank Ltd.

3.             Ing Vysya Bank Ltd.

4.             Lord Krishna Bank Ltd.

5.             SBI Commercial & International Bank Ltd.

6.             Tamilnad Mercantile Bank Ltd.

7.             The Bank of Rajasthan Ltd.

8.             The Catholic Syrian Bank Ltd.

9.             The Dhanalakshmi Bank Ltd.

10.        The Federal Bank Ltd.

11.        The Jammu & Kashmir Bank Ltd.

12.        The Karnataka Bank Ltd.

13.        The Karur Vysya Bank Ltd.

14.        The Lakshmi Vilas Bank Ltd.

15.        Nainital Bank Ltd.

16.        The Ratnakar Bank Ltd.

17.        The Sangli Bank Ltd.

18.        The South Indian Bank Ltd.

19.        The United Western Bank Ltd.

New Private Sector Banks(8):

1.      Axis Bank Ltd.

2.      Centurion Bank of Punjab Ltd.

3.      Development Credit Bank Ltd.

4.      HDFC Bank Ltd.

5.      ICICI Bank Ltd.

6.      IndusInd Bank Ltd.

7.      Kotak Mahindra Bank Ltd.

8.      YES Bank

List of foreign banks(29):

1.             ABN Amro Bank N.V.

2.             Abu Dhabi Commercial Bank Limited

3.             American Express Bank Limited

4.             Antwerp Diamond Bank N.V.

5.             AB Bank Limited

6.             Bank Internasional Indonesia

7.             Bank of America NA

8.             Bank of Bahrain and Kuwait B.S.C.

9.             Bank of Ceylon

10.        Barclays Bank PLC

11.        BNP Paribas

12.        Chinatrust Commercial Bank

13.        Citibank N.A.

14.        Calyon Bank

15.        Deutsche Bank AG

16.        JPMorgan Chase Bank

17.        Krung Thai Bank Public Company Ltd.

18.        Mashreqbank psc

19.        MIZUHO Corporate Bank Ltd.

20.        Oman International Bank S.A.O.G.

21.        Shinhan Bank

22.        Societe Generale

23.        Sonali Bank

24.        Standard Chartered Bank

25.        State Bank of Mauritius Ltd.

26.        The Bank of Nova Scotia

27.        The Bank of Tokyo-Mitsubishi UFJ, Ltd.

28.        The Development Bank of Singapore Ltd.

29.        The Hongkong and Shanghai Banking Corpn. Ltd.

Simple Definitions of Taxes in India

       1. Direct Tax: Direct Tax is the tax paid to the government directly by the assessee like the Income Tax or the Capital Gains Tax. All the collections of the direct taxes in India like the Corporate Tax, Personal Income Tax, Securities Transaction Tax, Banking Cash Transaction Tax, and the Fringe Benefit Tax have been going through a healthy ascent.

       2. Indirect Tax: Indirect Tax or the tax that is levied on goods or services rather than on persons or organizations are of different types in India like Excise Duty, Customs Duty, Service Tax (VAT), and Securities Transaction Tax.

       3. Income Tax: It is a tax imposed by the Government of India on any body who earns income in India. Income Tax in India includes all income except the agricultural income that is levied and collected by the central government. Any Individual or group of Individual or artificial bodies who/which have earned income during the previous years are required to pay Income tax on it. When Companies pay taxes under the Income tax Act it is called Corporate tax.

      4. Excise Tax: An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to custom duties, charged on goods from outside the country). It is a tax on the production or sale of a good. Typical examples of excise duties are taxes on gasoline tobacco and alcohol(sometimes referred to as sin taxes).

       5. Value Added Tax: This is the tax that a manufacturer needs to pay while purchasing raw materials and a trader needs to pay while purchasing goods. VAT is eventually expected to replace Sales Tax. All goods and services provided by business individuals and companies come under the ambit of VAT.

       6. Sales Tax: A sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax is usually set as a percentage by the government charging the tax.

       7. Fringe Benefit Tax: Fringe benefit tax will apply to foreign companies if it has employees based in India. Fringe benefit tax will apply to liaison offices of foreign companies in India if the liaison offices have employees based in India - CBDT Circular No. 8/2005 dated 29-8-2005.

       8. Minimum Alternative tax: The concept of Minimum Alternate Tax (MAT) was introduced in the direct tax system to make sure that companies having large profits and declaring substantial dividends to shareholders but who were not contributing to the Govt by way of corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act, pay a fixed percentage of book profit as minimum alternate tax.

       9. Goods and service Tax: Goods and Service Tax is a tax on goods and services, which is leviable at each point of sale or provision of service, in which at the time of sale of goods or providing the services the seller or service provider can claim the input credit of tax which he has paid while purchasing the goods or procuring the service.GST is an indirect tax and ultimate burden of the GST has to be taken by the last customer.