What are BASEL Banking Norms/Accords ?

What are BASEL Banking Norms ?

• Basel is a city in Switzerland which is also the headquarters of Bureau of International Settlement (BIS). 
• BIS appointed a committee to supervise and to set some standards. Currently there are 27 member nations in the committee. 

What is SWIFT Code

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. SWIFT is a co-operative society. SWIFT Code is a standard format of bank Identifier code.

Difference between Cheque and Demand Draft

Difference Between Cheque and Demand Draft :

Cheque : Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.

New ISO 20022 Compliant RTGS and WMA

Dear Friends, Here are Some important topics that may be asked in IBPS PO-III Interview : New RTGS 20022 compliant System and Ways and Mean Advances (WMA). Read Below in Details :

Types of Taxes for IBPS PO Interview

Direct and Indirect Taxes: Direct taxes are defined as those taxes levied immediately on the property and incomes of persons and which are paid directly by the consumers to the state. Thus, income and wealth taxes, estate duties, and toll taxes paid directly to the state form the group of direct taxes.

Budget and Deficits Concepts for IBPS PO Interview

The term ‘Budget’ refers to the financial statement (or documents) placed by the government before the legislature every year on a specific date. A budget sets forth the anticipated expenditure of the government during the next financial year (called the budget year) and the receipts for the same period:

Some Important Banking Terminology for IBPS PO Interview

Hi Guys, Today we are sharing some important Banking Terms which are mostly asked in PO interviews. we will try to cover almost all terms. Here are some important terms :

Important Notification Regarding Photo Identity for IBPS PO-III Interview Aspirants

Institute of Banking Personnel Selection (IBPS) has issued an important Notice regarding Photo ID Proof. The Notification is as follow:-

IBPS PO/MT-III Common Interview : Online Application Reprint Link Active

Institute of Banking Personnel Selection (IBPS) has activated the Link for IBPS PO/MT-III Application Re-Print for Recruitment to the Post of Probationary Officer. Candidates who havn't Downloaded Application can download from below link :-

IBPS PO/MT-III Interview Call Letter Download

Institute of Banking Personnel Selection (IBPS) has activated the link to Download the Call Letter for Common Interview for Recruitment to the Post of Probationary Officer. Check below link to download your call letter :-

IBPS PO/MT-III Common Interview Notification Out

Dear Friends, Institute of Banking Personnel Selection(IBPS) has released the Notification regarding the conduct  for recruitment to the Post of Probationary Officers/Management Trainees in Participating Organisations. Check more details below :-

IBPS PO/MT-III Scorecards Out

Dear Friends, Institute Of Banking Personnel Selection (IBPS) has Published the Scorecard of IBPS PO/MT-III Online Exam held in month of October and November. you can see your score from below Link:-

IBPS PO-III Result Declared

Dear Friends, Institute of Banking Personnel Selection (IBPS) has declared the results of IBPS PO-III. The Online exams were conducted in the month of October and November 2013. Candidates who appeared for online exam may check their result from the below link:-

IBPS PO GA Questions(09-11-2013) - Morning Session

1. What is the name of the rocket recently launched by Japan -- Epsilon
2. APJ Abdul Kalam’s book name -- Transforming Dreams in Actions.
3. Who won “pride of nation award” -- John Abraham
4. Upper limit for RTGS -- No limit
5. Which bank has head office at Delhi -- Oriental bank of Commerce

IBPS PO GA Questions(27-10-2013) - Morning Session

1. World Heart Day -- 29 September
2. Who was conferred with the Indira Gandhi Prize for Peace, Disarmament and Development 2012 by the President of India recently -- Ellen Johnson Sirleaf

3. Which Woman Tennis Player won 15 grand slams and one doubles recently -- Serena Williams

4. Name the German chancelor who won the elections again recently -- Angela Merkel

IBPS PO GA Questions(26-10-2013) - Evening Session

Shared by: Diksha Malik, Sherin Mathew

1. IBSA full form -- India Brazil South Africa
2. Which bank has HQ in Bangalore --Canara
3. MSF rate 9.5 has decreased to how much on 07/10/2013 -- 9
4. Director of movie Lunchbox -- Ratish Batra
5. International Child Peace Prize -- Malala Yousafzai
6. 1st CYBER FORENSIC LAB will be in which state -- Tripura
7. DICGC insured how much money -- 1 lakh
8. New DG of WTO -- Roberto Azevedo
9. Life of Pie novel writer -- Yann Martel
10. Duration of 12th year plan -- 2012-17
11. Gujar Mal Modi Award 2013 -- Vinod Prakash Sharma
12. Limit of educational loans under priority sector for abroad -- 20 Lakh

IBPS PO GA Questions(26-10-2013) - Morning Session

1. Which of the following movie nominated for Oscar Award?
2. Who among the following is chairman FMC (Forward Markets Commission) -- Ramesh Abhishek
3. What is the name of food grain scheme of Himanchal Pradesh -- Rajiv Gandhi Ann Yojana
4. Which of the following is the GAAR implementation date -- April 1, 2016
5. What is the name of new President of Iran -- Hassan Rouhani
6. Who among the following is the new chairman of SBI -- Arundhati Bhattacharya
7. Who among the following is the new chairman of AADHAR -- Nandan Nilekani
8. Fullform of NOFHC -- Non Operative Financial Holding Company

IBPS PO GA Questions(20-10-2013) - Evening Session

1. Bhaag Milga Bhaag bollywood movie actor -- Fahran Aktar

2. Which bank Head Quarters is not in Mumbai (Options: BOM,BOI, DENA BANK, Indian Bank) -- Indian Bank

3. Ranjan Sodhi is related to which sport -- Shooting

4. WTO headquarter -- Geneva

5. International Women’s Day -- March 08

6. Largest stock exchange in world -- Newyork Stock Exchange

IBPS PO GA Questions(20-10-2013) - Morning Session

1. Director of the bollywood film Satyagraha -- Prakash Jha

2. The first Indian-origin Miss America 2013 -- Nina Davuluri

3. Reserve Bank of India hiked Repo Rate on Sept 20, 2013 by -- 25 basis point to 7.5%

4. The limit of Rajiv Gandhi Equity Savings Scheme (RGESS) hiked to -- Rs. 12 Lakh per year

5. Which bank headquarter not in kolkata

6. NEFT is used for
7. ATM wrong deduction to be refunded within

8. Which country become the 28th member of EU -- Croatia

IBPS PO GA Questions(19-10-2013) - Evening Session

1. Geeta Phogat related to which game -- Wrestling
2. Full form of IFSC – Indian Financial System Code
3. BTM stands for -- Banking Through Mobile
4. PM of Bhutan -- Tshering Tobgay
5. President of Pakistan – Mamnoon Hussain
6. Bengali director who died recently -- Rituparno Ghosh