Banking Exam

Which of the following statements, in the context of a mortgage, is false?Select one:a. A mortgage is an agreement, which allows onlyimmovable property to be kept as security for theloan.b. A mortgage is an agreement, under which the borrower cannot rent out the mortgaged property,during the tenor of the loan.c. A mortgage is an agreement, which provides the lender, a claim over the mortgaged property. Incorrectd. A mortgage is an agreement, which allows the lender to seize or sell the borrower's property in case he defaults in his loan repayments.____________________­____________________­____________________­____________________­____________________­____________________­______________Himesh, aged 50 years, co- owns a property with his wife Vinita, aged 42 years. They mortgaged their property, with Wealth Bank for 15 years, withtheir son Aditya as a co- borrower. If the EMI for the loan comes to INR 50,000, are they eligible to get a loan? Consider the following: Wealth Bank has a maximum age limit criteria of 60 years, Acceptable DBR of 50%. Himesh earns INR 40,000 p.m., Vinita earns INR 60,000 p.m. with existing EMI payments of INR 10,000 and Aditya earns INR 80,000 p.m. with no existing debt repayments.Select one:a. Yes, they are eligible to get a loan as Himesh's and Vinita's income is sufficient to repay the EMI Incorrectb. No, they are not eligible for the loan as Himesh's and Vinita's income will not be sufficient to repay the loanc. Yes, they are eligible to get a loan, as Himesh'sincome need not be considered for repayment of the loand. No, they are not eligible, as Himesh will cross the maximum age limit____________________­____________________­____________________­____________________­____________________­____________________­___________Which of the following is not likely to be a credit evaluation criteria, for a PL?Select one:a. How long an applicant has lived in her current address Incorrectb. The age of the applicantc. The marital status of the applicantd. The current salary/income of the applicant____________________­____________________­____________________­___Which of the following is not possible in case of a Loan Against Property (LAP)? More than one option is correct.Select one or more:a. Mr. Shukla has taken a LAP for which he has been given a limit of INR 75 lakhs. 2 years later his limit was reduced to 65 lakhs, due to a drop invalue of the propertyb. Mr. Patel has taken a LAP from Smart Bank, with a limit of INR 90 lakhs. 5 years later his limit was extended to 1.15 Crores due to increase in value of the property. Smart Bank's policy for a LAP is a maximum of INR 1 crore.c. Arnab took a LAP of a limit of INR 80 lakhs. He withdrew INR 20 lakhs in the first year, INR 30 lakhs in the second year and repaid INR 10 lakhs in the third yeard. Kamlesh has taken a LAP against his house, worth INR 1.5 Crores, for 30 years Correct____________________­____________________­____________________­____________________­____________________­_____________Which of the following statements is unlikely, about a home extension loan?Select one:a. Rajesh has built the ground floor of his house, with a loan from Magic Homez, which is still outstanding. He now applies to GKC Housing Finance, for a loan to build the first floor. The loan is approved.b. Rajesh has built the ground floor of his house, with a loan from Magic Homez, which is still outstanding. He now applies to Magic Homez, fora loan to build the first floor. The loan is approved. Incorrectc. Rajesh has built the ground floor of his house, with a loan from Magic Homez, which has been fully repaid. He now applies to GKC Housing Finance, for a loan to build the first floor. The loan is approved. GKC places a charge, or lien, onthe entire property.d. Rajesh has built the ground floor of his house, with a loan from Magic Homez, which has been fully repaid. He now applies to GKC Housing Finance, for a loan to build the first floor. The loan is approved.____________________­____________________­____________________­____________________­____________________­____Your organisation has an unsecured FOIR cap of 35%, and a total FOIR cap of 60%. If an applicant has a gross income of INR 300,000 p.a, a car loanEMI of INR 12800 and is applying for a PL with EMI of INR 5200, would he be eligible?Select one:a. No, as his total FOIR is 72%b. Yes, as his unsecured FOIR is 2% Incorrectc. Yes, as his total FOIR is 6%d. Yes, as his unsecured FOIR is 21%____________________­____________________­______

Banking exam structure...

Relaxation of Upper age limit for bank po exams...

Relaxation of upper age limit for bank po exams.....

*IBPS PO Eligibility Criteria Details
आईबीपीएस पीओ परीक्षा पात्रता – Eligibility Criteria of IBPS PO CWE Contains these 3 points to check such as Candidates age limit, Educational qualification, Nationality / Citizenship. Let’s see the details about these points.

*Education Qualification – Under IBPS PO Recruitment Eligibility Criteria 2017 Candidates must have completed their Graduation Degree from any recognized university or institution. Participants also required their mark sheet numbers while they submit IBPS PO online form 2017.

*Nationality / Citizenship – Participants must have this citizenship which is given below.

*Citizen of Indian

*Citizen of Nepal

*Citizen of Bhutan

*A Tibetan refugee

*Migrated Peoples from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

*Age Limit – Under IBPS Eligibility Criteria for PO 2017 Interested candidates must have age between 20 – 30 years.

Sr. No. Category Age Relaxation
1. Scheduled Caste/Scheduled Tribe- 5 years

2. Other Backward Classes (Non-Creamy Layer)- 3 .years

3 .Persons With Disabilities- 10 years

4 .Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) -5 years

5 .Persons ordinarily domiciled in the Kashmir Division of the State of Jammu & Kashmir during the period 01.01.1980 to 31.12.1989- 5 years

6. Persons affected by 1984 riots -5 years

Banking Exam Education

Introduction to Banking Career | Bank PO,Clerk,Specialist Officer Work Detail

Introduction to Banking Career | Bank PO,Clerk,Specialist Officer Work Detail

Dear friends , We got many queries regarding working nature of Bank Jobs. So today we are sharing Information about Banking Work Nature for different Posts Such as :- PO,Clerk.Office Assistants, Specialist Officer etc. Please read this article carefully to understand nature of work in Banks. Be ready for Latest Bank and Insurance Exam With http://newstechcafe.com.
Probationary Officer (PO)/Management Trainee (MT)

A Probationary officer (PO) or a Management Trainee (MT) is the first level to enter the banking world. He or she reports to immediate seniors who evaluate his performance in the tasks assigned to him. Initially, a Probationary Officer can be assigned any work from a wide gamut of ongoing banking activities. Normally the probation period is of two years in which the officer is exposed to different types of banking related works. In some banks, the duration may be limited to one year. The officers or trainees may undergo frequent transfers or deputations during the probation period.

Once the probation period is completed the officer is confirmed as an Assistant Manager and gets his or her permanent posting. Some banks are now placing officers as Deputy Managers also, just after confirmation, provided they pass the test conducted by the bank. For example: State Bank of India conducts a confirmation exam. If a probationary officer passes the exam, he is confirmed as an Assistant Manager. In fact, the State Bank of India even gives a chance for promotion to Scale II to candidates who perform exceptionally well in the exam.

After confirmation officers can be posted in specific areas of banking. Iitially, they may be assigned customer handling tasks such as passing a cheque, cash management, or issuing drafts. The person may be shifted to other departments subsequently.

A Probationary Officer can reach up to the level of Chairman of a bank. One shining example of such a growth is Chanda Kochhar. She started her career as a as a Management Trainee with ICICI bank in 1984 and rose to the position of Managing Director (MD) and Chief Executive Officer (CEO).
Specialist Officer

A Specialist Officer in a bank is appointed for specialized roled in various departments, according to their expertise and educational background. Some of the Specialist Officer Positions in Banks are:

Information Technology Officer
Agriculture Field Officer
Rajbhasha Adhikari
Law Officer
Technical Officer
HR/Personnel Officer
Marketing Officer
Credit Officer

A Credit officer, also referred to as loan officer, facilitates lending from financial institutions to individuals and businesses. Credit officers are responsible for assessing and verifying the client's financial information and helping the client get through the often complex loan process.
Law Officer

A Law Officer deals with legal issues received from various departments of the Bank and its associate institutions, which are mainly related to the interpretation of various statutes.
He/she is also responsible for:

Preparing initial drafts of legislation administered/to be administered by the Bank
Preparation of drafts of pleadings and comprehensive instructions/briefs to counsel in connection with litigation involving the Bank and its associate institutions
Appearing before Conciliation Officers, Labour courts, Tribunals, etc. on behalf of the Bank.

Essential Educational Qualification: Bachelor's Degree in Law recognized by the Bar Council of India for the purpose of enrolment as an Advocate with a minimum of 50% marks or equivalent.
Agriculture Officer

An Agricultural Officer is responsible for promoting loans in rural areas related to general and agricultural purposes under the various schemes framed by government and other financial institutions. The officer needs to maintain a good professional relationship with farmers to for lead generation, client acquisition, site visit before the loan sanctioning,