Pages

29 September 2012

Banking Sector

Image Description here

RBI was established on 1stApril 1935 and was nationalised on 1st January 1949.

 Headquarters: Mumbai

 It represents India at the IMF.

 It is the Central Bank of India.

 It is also known as the Banker's Bank.

 Its first Governor was Sir Osbourne Arkall Smith and its first Indian Governor was C. D. Deshmukh (1943).

 Bank rate, Open Market operations, SLR and CRR are the instruments of monetary Policy of RBI.

RBI has several banking functions  like;
1) Issue of currency notes,2) act as government’s bank 3) act as Banker’s bank,4) custodian of Foreign Exchange  Reserves,5) to manage public debt 6) to stabilise the value of money, etc.

 Notes and coins in circulation  cash with banks + demand deposits + other deposits with RBI are called narrow money.

It is a member bank of the Asian Clearing Union.

 The Reserve Bank of India has branch offices at most state capitals and at a few major cities in India total of 18 places

The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881.

SBI is the largest public sector bank in India.

The First Presidency Bank is the Bengal Presidency Bank (1806).

First Insurance Company - The calcutta Insurance Company

First Indian Life Insurance Company - Bombay Mutual Life Assurance Society

In 1955 Imperial Bank was nationalised and named as State Bank of India.

The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
The term “Plastic Money” means credit cards.

The National Bank for Agricultural and Rural Development was set up in July 12, 1982.

The first nationalisation of banks took place on July 19, 1969

The second nationalization took place in 1980

In 1885, saving bank system  introduced in India.

Indian Constitution


Q1  How many members in Rajya Sabha the Parliament of India?

250


Q2  How many articles are in the Indian Constitution

395

Q3 How many schedule in the Indian constitution

12 Schedules
Q4 What is the composition of Parliament of India

 Parliament consists of President of India and the two Houses of Parliament known as Council of States 

Q5 The President of India selected by ----------------------------

Members of an electoral college consisting of the elected members of both the Houses of Parliament and the elected members of the Legislative Assemblies of States and the Union Territories of Delhi and Pondicherry. 
Q6 T Who elects the Vice-President of Indi aerm of office of President in India

Five year
Q7 Qualification for election as President of India

  Citizen of India and completed the age of thirty-five years and is qualified for election as a member of the House of the People
Q8  Who elects the Vice-President of India

 Electoral college consisting of the members of both House of Parliament.

Q9 Which article mention  about what are qualification to be required for selection of Vice President ?

Article 66 of the constitution
Q10 How  many members are nominated in to Rajya Sabha
12
Q11 Parliament can alter  basic structure of Indian constitution
            Is it possible   

No 

Q12   Considering the issue of  Power  distribution   the Indian  constitution followed ------------ method

Canadian  Method
Q13  When  will  the Parliament of India can make law above state list  ?

  During emergency 
Q14    What is mentioned  in article  25,26,27,28 of Indian constitution ?

  Right to freedom of religion

Q15   When was the fundamental duty added  in to   Indian constitution
                1976
Q16   What is  mentioned  article 356 of Indian constitution  ?

president rule in a state
Q17  If a president  rule applied in a state , then what is the validity  period of  that rule

Six Months
Q18   Before 61st Amendment Act 1989, what was the age of Indian citizen eligible to vote in the Election?

21
Q19  Which Bill President can neither return nor withhold his assent

Money  Bill
Q20  Which  word is added as pre- amble of constitution  by 42nd amendment  1976

     Socialist

Q21  From which constitution  was the concept of a five year plan borrowed in to the Indian constitution

USSR

Q22   Which important human right is protected in Article 21 of the Constitution of India?

Right to life and liberty
Q23    From which country's Constitution was the concept of Directive Principles of State Policy adopted into the Indian Constitution

  Ireland
Q24   What is mention in Article 51  of Indian constitution 

Promotion of international peace and security
Q25  Article -----  is mentioned Duties and powers of the Comptroller and Auditor-General

     149 

RTI ACT-2005

1  When did the RTI act enacted  

      2005
2.   What are the basic objects of  RTI act ?

To empower the citizens, promote transparency and accountability in the working of the Government

3   Which is the Central body for to coordinate the RTI Act?

       Central Information Commission


4 Which is the  state which is not cover under RTI act  ?

 Jammu and Kashmir.

5   where is the Headquarter of  Central  information Commission ?

Delhi.
6  Who is  the head of  Central information commission  ?

The Chief Information Commissioner
7  The tenure of  Chief information  commissioner

 Five year
8  The state information commission is headed by  -------------

State Chief Information Commissioner
9  when did the RTI act passed  by Indian Parliament ?

This law was passed by Parliament on 15 June 2005 and came fully into force on 13 October 2005
10  what  specify the RTI  Act?:
Request any information (as defined). obtain copies of documents. inspect documents, works and records  and take certified samples of materials of work.

11 All authorities covered must appoint their ----------------
Public Information Officer (PIO)
12 Every public authority is required to designate ---------- to receive RTI requests and appeals for forwarding to the PIOs of their public authority. 

Assistant Public Information Officers (APIOs)
13 What is the designation of officer who have supplied information against RTI application
Public Information Officers 
14 Can the PIO refuse to give me information
A PIO can refuse information on certain subjects.

(confidence from foreign governments, information prejudicial to security, strategic, scientific or economic interests of the country)
15  Certain "post offices" have been designated as APIOs to submit RTI Application The above said statement is

True

16   The fee for  remit along with  RTI application

Rs   10 /-

17   Who have right to impose penalty over concerned PIO officer who refused to accept RTI application ?

The information Officer ( Penalty of Rs 25000/-)

18 Is there any prescribed performa for RTI application ?

No 

19   If an applicant is not supplied information within the prescribed time of thirty days or 48 hours  then what will be done by applicant

Appeal to the first appellate authority who is an officer senior in rank to the CPIO.

20 What is the time limit for getting information from the appellate authority?

30 days

21  If the appellate of authority failed to give nformation   against RTI application  then where will submit  the second appeal   

         Central Information Commission

21 What does a "public authority" mean in RTI act

Authority or body or institution of self-government established or constituted
22 The Central Intelligence and Security agencies are excluded from  RTI act. The above said statement is

True
23 The Central Information Commission Oath of Office will be administered by ---------

The President of India
24 Who is headed the appointing authority of State Chief Information Commissioner/State Information Commissioners?

 Chief Minister

25 What are the penalty provisions in respect of  RTI act ?

PIO will be liable for fine of Rs. 250 per day, up to a maximum of Rs. 25,000/-

Guide for prepare Postal/Sorting Assistant Examination

Q1    Ministry  of communication  and information technology was formed
January   1985
                 
Q2     Speed Post Pass Port service  was launched  
  5th March 2001
Q3     Direct Post  was introduced

June 2005

Q4      Express parcel Post was re launched 
March 1999

Q5      Logistic Post  services was introduced

13th August 2004
Q6     E post service was introduced   

January  2004   

Q7     Bill mail service  was introduced

September  2003

Q8      Business Development Group  was formed in Postal Department
1st April  1999

Q9      IMO  serviced  was introduced
Jan 2006

Q11      Consumer Protection Act (COPRA)  introduced
1986

Q12      Pin code system  was introduced
15th Aug 1972

Q13        E Post Service Commenced

2nd August 2001
Q14     Corporate  Money Order Service was introduced 

1st May 1995

Q15    Post Forum  was introduced

10th  September 1990

Q16     The Surface Airlifted (SAL)  was introduced
1st  April 1999

Q17     Speed Post service launched
1st August 1986

Q18   One India one rate service in speed Post was  introduced on
21 August 2006

Q19    Western Union Money Service was launched  in India
April  2001

Q20   The PLI scheme  was introduced 
1884
Q21    When was sorting of letters  in rail  brought into operation
During 1837
Q22   When was the first automatic Telephone Exchange established
1914

Q23   When was the first mail motor van brought in to service
1905  in England

Q24     When did  the first Air Mail service started
1911

Q25     When did the VP system introduced
1877
Q26     Money order was introduced

1880

Q27      The Post office savings Bank was introduced

1882

Q28        Rural PLI  was introduced

1995

Q29       The RMS  service   was started

1907

Q30       The Airmail  service  was started in India

1911

Q31       Meghdoot  Award in postal department  was introduced
1984

Q31       Retail Post was introduced

August 2000

Q32       Greeting Post was introduced
6th September 2000

Q33      QMS was introduced in India
1975

Q34    Senior  Citizen scheme was introduced

2004

Q35    P& T  welfare Advisory board was formed



1956