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Bank Rate/Repo Rate/ Bank Rate Vs Repo Rate / Reverse Repo Rate / Cash Reserve Requirement

Bank Rate:
Bank rate is the rate at which the central bank provides money to the other financial institutions or banks. Bank rate enables the financial institutions (or banks) to borrow money from the central bank to fund any money need. Increase in bank rate leads to higher prime lending rate, the rate at which financial institutions lends money to other entities. So by increasing bank rate, the central bank can increase the interest rate in the market and reduce the demand. At the same time, as the lending becomes dearer, it reduces the lending by the financial institutions. Because of these two reasons bank rate hike is used to tame inflation.

Daily GK Update : 11 July 2014

Delhi has become the world’s second most populous city in 2014, as per the World Urbanisation Prospects report published by the UN yesterday. Population in Delhi jumped more than 100% since 1990 to nearly 25 million now. As per the report, India is projected to add the highest number of people to its urban population by 2050, ahead of China.

Previous questions of Bank PO on English

Directions: In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

Computer Knowledge Quiz for Bank PO

Dear Aspirants,
Computer Knowledge / Awareness questions for Bank PO Exams: Previous year’s questions from Bank PO and clerk exams are very important as they frequently appear in bank exams papers. Attempt previous year’s questions given here.

1. The purpose of the primary key in a database is to
(a) unlock the database
(b) provide  a map of the data
(c) uniquely identify  a record
(d) establish constraints on database operations
(e) None of the above

Banking Awareness Quiz for IBPS PO 2014

Which entity/organization works as central processing agent in RTGS?
  A) Reserve Bank of India
  B) Institute for Development & Research in Banking Technology
  C) Indian Financial Network
  D) Indian Banks Association
   
Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991?
  A) RTGS
  B) NEFT
  C) BANKNET
  D) Rupaya

How many Types of Bank Cards is available

Banks provide many types of cards to the customers depending on requirement. There can be overlaps between these classifications based on the combinations of services offered by these cards.
Credit Card
This is one of the oldest types of cards issued since 1950‘s. through credit card, the card holder enjoys some credit limit and can use the card to pay bills and withdraw funds within the credit limit. Basic characteristics of credit cards

Daily GK Update : 01 July 2014

1. India’s largest bank State Bank of India has launched six digital branches across the country
as a part of its programme to offer next generation banking solutions to the mobile and internet-savvy customer base. These branches are located in Delhi, Mumbai, Bangalore, Chennai and Ahmedabad. One of such branches in Delhi was inaugurated this morning by Finance Minister Arun Jaitley Named as sbiINTOUCH, these branches will have digital banking capabilities, which include instant account opening with personalized debit cards, instant loan approvals

IBPS PO III Expected CUT OFF Section Wise

BELOW IS THE DETAILED TABULAR PRESENTATION OF EXPECTED SECTION WISE IBPS PO (MT) 2013 CUT OFF:
Test nameMaximum marksExpected Cutoff marks
Reasoning5035 to 40
English language4023 to 27
Quantitative Aptitude5032 to 37
General Awareness4022 to 25
Computer Knowledge2012 to 17
Total200124 to 146 marks

IBPS PO 2013 General Awareness Questions

  1. Current bank Rate ?
  2. Person who invented mouse died ?
  3. Chairman of federal reserve ?
  4. Who is not a MP(options-Amitab bachan,dharmendra,etc) ?
  5. About SARFAESI act ?
  6. Loan limit for housing to a person in metropolitan city ?
 
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