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August 02, 2014

Uttar Bihar Gramin Bank released Interview Schedules for Officers and Office Assistants

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Friends, the Uttar Bihar Gramin Bank has released the Interview Schedules of General Banking Officers ( JMG-I ) and Office Assistants (Multi-purpose). As you know, the bank has invited online applications from eligible IBPS RRB CWE II qualified candidates for filling up 373 GBO (JMG-I) posts and 430 Office Assistants posts. Now it has came out with the lists of shortlisted candidates and interview schedules.

The bank has shortlisted 1268 candidates for the interviews of General Banking Officers ( JMG-I ) which are going to be held from 25th August 2014 to 11th September 2014.

August 01, 2014

1st August 2014 - Daily Current Affairs updates

International Affairs
  • Our Prime Minister Narendra Modi will be travelling to Kathmandu on August 3rd and 4th to have delegation level talks with his Nepali counterpart Sushil Koirala.
  • A joint statement issued by UN Secretary General Ban Ki-moon and US Secretary of State John Kerry said that the UN representative in Jerusalem, Special Coordinator Robert Serry, has "received assurances" that all parties have agreed to an unconditional humanitarian ceasefire in Gaza.   
  • U.S. Secretary of State John Kerry and U.S. Secretary of Commerce Penny Pritzker called on Prime Minister Narendra Modi today. In an hour-long meeting, the two visiting Secretaries briefed Prime Minister on the India-U.S. Strategic Dialogue; conveyed that President Obama attached great priority to relations with India, both for bilateral cooperation and global partnership, and looks forward to a productive and fruitful Summit in September in Washington to set an ambitious new agenda to chart a new course in the relationship. 

Cooperative Banking in India

Indian planners considered co-operation as an instrument of economic development of the disadvantaged, particularly in the rural areas. They saw a village panchayat, a village co-operative and a village school, as the trinity of institutions on which a self-reliant and just economic and social order was to be built. The non-explorative character of cooperatives, voluntary nature of membership, the principle of the one man one vote, decentralized decision making and self-imposed curbs on profits as unique instruments of development combining the advantage of private ownership with public good. The Cooperative Credit movement was started in India largely with a view to providing agriculturist funds for agricultural operations at low rates of interests and protect them from the clutches of money lenders. In the below post, we shall learn about the basic features of cooperative banks and their major differences with commercial banks.

Important Definitions and Terms for Banking Awareness

Friends, here are some Important Terms and Definitions of Banking Awareness shared by our friend Santosh Kumar. This list will be helpful to you for RBI Grade B Officers and IBPS Bank PO and Clerical exams. You can download pdf version of the same from below link. Happy Reading :)

RBI Grade B Officers Exam 2014 Study Materials

Friends, here are some assorted materials and other useful stuff for upcoming RBI Grade B Officers Online Exam 2014. Below list consists of detailed study plan, last year's cutoff details and exam reviews along with some useful tips, Banking and Financial Awareness Quick Reference guide, Current Affairs Quick Reference guide (previously posted for SBI Clerks online exam), Previous paper of RBI Grade B officers and Banking Awareness study materials. Happy Reading :)


Study Plan and Cutoff Details


Indian Money Market - Concept, Objects and Features

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Financial markets in a country comprise of money market and capital market. Money market deals in short term funds and the capital market in long term funds. Financial markets are part of the financial system of a country. Financial systems comprise of institutions of the financial markets as well as other financial intermediaries. In addition to this, the market consists of institutions that regulate their functioning. Both money market and capital markets deal in various types of instruments. Categorization of market as money markets and capital markets should not give us the impression that they are mutually exclusive. The two markets are closely related and there is a certain amount of overlapping between transactions they undertake.
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