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I applied via Company Website and was interviewed before May 2023. There were 2 interview rounds.
IBPS examination among 1 Million aspirants
GD on social topics like nihility of modern existence
I applied via Company Website and was interviewed in Sep 2021. There were 2 interview rounds.
Quants, reasoning, English, Forex
I applied via Newspaper Ad and was interviewed before May 2022. There were 2 interview rounds.
Repo rate, reverse repo rate, and CRR are different rates used by banks to manage liquidity and control inflation.
Repo rate is the rate at which the central bank lends money to commercial banks, and is used to control inflation by increasing or decreasing the cost of borrowing.
Reverse repo rate is the rate at which the central bank borrows money from commercial banks, and is used to manage liquidity in the banking syst...
Money laundering is the process of making illegally obtained money appear to be legitimate.
It involves disguising the source of the money through a series of transactions.
The purpose is to make the money usable without raising suspicion.
Examples include buying and selling assets, creating shell companies, and using cash-based businesses.
It is often associated with organized crime and terrorism financing.
Money launderin
RBI stands for Reserve Bank of India, the central banking institution of India.
RBI is responsible for regulating the monetary policy of India.
It issues currency and manages the foreign exchange reserves of the country.
It supervises and regulates the banking sector in India.
RBI also acts as a banker to the government and provides credit to various sectors of the economy.
It was established in 1935 and has its headquarter...
The current RBI governor is Shaktikanta Das.
Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.
Prior to his appointment as Governor, he served as a member of the 15th Finance Commission of India and as the Economic Affairs Secretary to the Government of India.
He has also worked in various capacities at the Ministry of Finance and the Planning Commission of India.
Under his l...
The full form of UPI is Unified Payments Interface.
UPI is a real-time payment system developed by NPCI.
It allows users to transfer money between bank accounts instantly.
UPI is based on the Immediate Payment Service (IMPS) infrastructure.
It can be used for various transactions such as bill payments, online shopping, and more.
Some popular UPI apps include Google Pay, PhonePe, and Paytm.
Debit and credit are terms used in accounting to record financial transactions.
Debit refers to an entry on the left side of an account, while credit refers to an entry on the right side.
Debit is used to record an increase in assets or a decrease in liabilities, while credit is used to record a decrease in assets or an increase in liabilities.
Debit and credit are always equal in value and must balance each other out in ...
There are various types of loans available and the process to apply for a loan depends on the type of loan.
Types of loans include personal loans, home loans, car loans, business loans, etc.
The process to apply for a loan typically involves filling out an application form, providing documentation such as proof of income and credit history, and waiting for approval.
Interest rates and repayment terms vary depending on the...
Union Bank of India interview questions for popular designations
Get interview-ready with Top Union Bank of India Interview Questions
I applied via Walk-in
I applied via Company Website and was interviewed before Oct 2020. There were 3 interview rounds.
Black money in India is not tamed due to various reasons including corruption, tax evasion, and lack of effective measures.
Corruption: Widespread corruption among government officials and politicians allows black money to thrive.
Tax evasion: High levels of tax evasion by individuals and businesses contribute to the accumulation of black money.
Lack of effective measures: Inadequate enforcement and loopholes in the legal...
Privatization can improve customer service delivery, but it is not always the answer.
Privatization can introduce competition, leading to better customer service.
Private companies may have more resources and flexibility to invest in customer service improvements.
However, privatization does not guarantee better customer service as it depends on various factors like regulation and accountability.
Examples of successful pri...
Capital cost refers to the cost of acquiring or constructing physical assets such as buildings, equipment, and machinery.
It is a one-time cost incurred at the beginning of a project or investment.
It is also known as initial cost or startup cost.
Examples include the cost of purchasing land, building a factory, or buying machinery.
It is different from operating costs, which are ongoing expenses incurred to keep the busin...
Govt schemes often fail to achieve desired effect due to various reasons.
Lack of proper implementation and monitoring
Corruption and mismanagement of funds
Lack of awareness and education among the target population
Inadequate funding and resources
Political interference and bureaucratic hurdles
Unrealistic goals and targets
Lack of participation and involvement of stakeholders
Inefficient and outdated policies
Inability to ad...
I applied via Approached by Company and was interviewed before Sep 2021. There were 3 interview rounds.
Reasoning, Mathematics,English
A bank is a financial institution that accepts deposits from the public and provides loans and other financial services.
A bank accepts deposits from individuals, businesses, and other entities.
Banks provide loans to individuals and businesses for various purposes such as buying a house, starting a business, or financing education.
Banks offer a range of financial services including checking and savings accounts, credit ...
Nationalization of a bank refers to the process of transferring ownership and control of a bank from private to government.
Nationalization involves the government taking over a bank and making it a state-owned institution.
It typically involves the acquisition of a majority stake in the bank by the government.
Nationalization can be done for various reasons, such as to stabilize the banking sector, promote economic growt...
The banks were nationalized by the government.
Banks were nationalized by various governments around the world.
Nationalization of banks refers to the process of transferring private banks into public ownership.
This is often done to ensure stability in the financial system and to promote economic growth.
Examples of countries that nationalized banks include India, France, and Argentina.
Banks were nationalized in India in two phases - 1969 and 1980.
The first phase of nationalization took place on July 19, 1969, when 14 banks were nationalized.
The second phase of nationalization took place on April 15, 1980, when 6 more banks were nationalized.
The nationalization was aimed at bringing about social welfare and economic development.
The nationalized banks were given the mandate to provide banking services...
Bank nationalization was done to ensure government control over banks and to promote social welfare.
To prevent concentration of economic power in the hands of a few individuals
To ensure credit flow to priority sectors like agriculture, small-scale industries, and exports
To promote financial inclusion and provide banking services to the unbanked population
To prevent bank failures and protect depositors' interests
Example...
I applied via Company Website and was interviewed before May 2021. There was 1 interview round.
I applied via Company Website and was interviewed before Aug 2020. There were 3 interview rounds.
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