Will ga section comprise of 80 questions in phase 1???
on the recommendations of a friend i took an online mock test at oliveboard..but as per my capability i found it very difficult..not even able to score 70..those who have prior experience of rbi online exam, kindly suggest if the level of difficulty is same as maintained by oliveboard or a bit easier..kindly be honest in ur reply..thanks and regards.
Guys how many months current affairs should cover for phase 1
anyone interested for susheel sir's material ? let me know, i have it with me ...will share the 15k !
No amount of shortcuts can help you clear the quant and reasoning section of any exam like RBI or Bank PO. Till the time you clear your basics, you won't be able to even work with shortcuts. Better is to clear your basic fundamentals in each chapter and then proceed to solve questions using these fundamental methods. Once you are very confident of answer solving, you can migrate to shortcuts only then. Just mugging formulae won't help you.
When will we get to know our exam date and venue ?
The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Central Government. The Scheme The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them. Resident Indians (Individuals, HUF, Trusts including Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Regulations and Companies) can make deposits under the scheme. The minimum deposit at any one time shall be raw gold (bars, coins, jewellery excluding stones and other metals) equivalent to 30 grams of gold of 995 fineness. There is no maximum limit for deposit under the scheme. The gold will be accepted at the Collection and Purity Testing Centres (CPTC) certified by Bureau of Indian Standards (BIS) and notified by the Central Government under the Scheme. The deposit certificates will be issued by banks in equivalence of 995 fineness of gold. The principal and interest of the deposit under the scheme will be denominated in gold. The designated banks will accept gold deposits under the Short Term (1-3 years) Bank Deposit (STBD) as well as Medium (5-7 years) and Long (12-15 years) Term Government Deposit Schemes. While the former will be accepted by banks on their own account, the latter will be on behalf of Government of India. There will be provision for premature withdrawal subject to a minimum lock-in period and penalty to be determined by individual banks. Interest on deposits under the scheme will start accruing from the date of conversion of gold deposited into tradable gold bars after refinement or 30 days after the receipt of gold at the CPTC or the bank’s designated branch, as the case may be and whichever is earlier. During the period from the date of receipt of gold by the CPTC or the designated branch, as the case may be, to the date on which interest starts accruing in the deposit, the gold accepted by the CPTC or the designated branch of the bank shall be treated as an item in safe custody held by the designated bank. Reserve requirements The short term bank deposits will attract applicable cash reserve ratio (CRR) and statutory liquidity ratio (SLR). However, the stock of gold held by the banks will count towards the general SLR requirement. KYC to apply The opening of gold deposit accounts will be subject to the same rules with regard to customer identification as are applicable to any other deposit account. Utilisation of gold mobilised under GMS The designated banks may sell or lend the gold accepted under STBD to MMTC for minting India Gold Coins (IGC) and to jewellers, or sell it to other designated banks participating in GMS. The gold deposited under MLTGD will be auctioned by MMTC or any other agency authorised by the Central Government and the sale proceeds credited to the Central Government’s account with the Reserve Bank. The entities participating in the auction may include the Reserve Bank, MMTC, banks and any other entities notified by the Central Government. Banks may utilise the gold purchased in the auction for purposes indicated above. Risk Management Designated banks should put in place a suitable risk management mechanism, including appropriate limits, to manage the risk arising from gold price movements in respect of their net exposure to gold. For this purpose, they have been allowed to access the international exchanges, London Bullion Market Association or make use of over-the-counter contracts to hedge exposures to bullion prices subject to the guidelines issued by the Reserve Bank. Grievance redress Complaints against designated banks regarding any discrepancy in issuance of receipts and deposit certificates, redemption of deposits, payment of interest will be handled first by the bank’s grievance redress process and then by the Reserve Bank’s Banking Ombudsman. It may be recalled that the Government of India announced the Gold Monetisation Scheme vide its Office Memorandum F.No.20/6/2015-FT dated September 15, 2015. The objective of the Scheme is to mobilise gold held by households and institutions of the country and facilitate its use for productive purposes, and in the long run, to reduce country’s reliance on the import of gold. The Reserve Bank has issued the Direction to banks in exercise of powers conferred on it under Section 35 A of the Banking Regulation Act, 1949. The list of CPTCs and Refiners is under finalization and will be notified by Central Government soon. Indian Banks Association is finalizing the necessary documentation including the tripartite agreements to be entered into by the designated banks, CPTCs and the Refiners under the Scheme. Banks are also putting in place the requisite systems and procedures to implement the scheme.
any thread for finance and mgmt. as optional??
please get me the link for phase 1 previous years paper..
pls explain how to solve this
Puts,please once give the list of topics for static economics...I.am badly getting confused...apart from.books name...
hello every one, follow this thread who have taken finance and management as elective..lets share notes and questions
http://www.pagalguy.com/discussions/rbi-grade-b-finance-and-management-guys-36797055
Hi all..can smbody plz provide me withwith the previous year papers of RBI garde b exam
Some MCQs based on the Doing Business report (2016) released by World Bank recently:
1. What is India's rank in the World Bank's 2016 Doing Business report?
a. 132 b. 140 c. 156 d. 130 e. 125
2. Which among the following is not an indicator used in the Doing Business report?
a. Getting electricity b. Buying property c. Starting a new business d. Paying taxes e. Getting credit
3. Which among these is not among the top 10 countries where doing business is easiest?
a. Singapore b. Finland c. South Korea d. New Zealand e. Australia
4. Which among these is among the top 3 cities in India where doing business is easiest?
a. Ludhiana b. Mumbai c. Bangalore d. Nagpur e. Pune
5. Which is the closest definition for "distance to frontier" used in the Doing Business report?
a. Percentile ranking on a particular indicator b. Distance from the benchmark score on a particular indicator c. Distance from the best performing economies on a particular indicator d. 100 minus percentile ranking of an economy on a particular indicator e. None of the above
[Answers tomorrow]
which is good book for phase 1 mocks otherthan kiran? I am planning to buy one
How many of us have opted for "finance and management".?? Others of Economics OR statistics also can put the comment mentioning their choice. Thanks in advance.☺
People who have chosen Finance and Management - what are you doing for the management bit?
What have you chosen as a option?
- Statistics
- Economics
- Finance and Management
0 voters
If RBI maintains the same difficulty level as of last year..one can persume the cut off to be below 100 for general category considering the reduction in time by 10 minutes
Query
What would be the effect on interest rates if repo rate is decreased?? Please explain.