Promotion Guide-2018
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PROMOTION GUIDE-2018 STATE BANK LEARNING CENTRE, RAJINDER NAGAR,BANTALAB, JAMMU PHONE: 0191-2597623, 2597629 email:[email protected] I am happy to learn that State Bank Learning Centre, Jammu is bringing out the new In-House publication “Promotion Guide-2018” for the benefit of candidates who will appear in the ensuing promotion tests. This book is updated up to Jan.2018. I am sanguine that this book will enrich the knowledge of our Bank Staff and will be helpful to those appearing in the coming exams. I compliment the entire team of SBLC, Jammu associated with the publication of this “Promotion Guide-2018”. I wish you all the best in your endeavours. ANIL KISHORA Chief General Manager Local Head Office Chandigarh Page | 2 It gives me great pleasure in presenting before you the new and updated version of promotion guide, aptly named "Promotion Guide-2018", prepared by State Bank Learning Centre, Jammu. This book is updated till 15/01/2018. The book presents comprehensive information relevant from the point of view of Bank's promotion tests. Indian economy in general and our Bank in particular has been going through fast changes in recent times. It is essential for all prospective candidates to keep themselves abreast with the latest data and information to come out successful in the promotional examinations. Every attempt has been made by the faculty members of SBLC, Jammu, to present the most relevant and latest information in this guide. I am sure you will benefit immensely from this book not only in your ensuing promotional tests, but also in refreshing your job knowledge. I wish you all success in your future endeavors. D.B.SINGH Deputy General Manager & Circle Development Officer Local Head Office Chandigarh Page | 3 It gives me immense pleasure to bring out the 3rd Edition of our in-house publication ‘Promotion Guide-2018” for the benefit of our colleagues who have to appear in exams for promotion. Our Bank has always been in the forefront of updating the skills, knowledge etc. of our Staff through various training programmes. “Promotion Guide-2018” is an initiative of SBLC Jammu to enhance the knowledge of our Staff in different segments of Banking. While we have a wealth of information available on the various sites, this book shall act as a readymade guide for our staff for updating their knowledge and augmenting their preparedness for appearing in the exam. Our sincere thanks to Sh. D.B.Singh, DGM & CDO, Local Head Office, Chandigarh for having reposed confidence in SBLC Jammu in providing us an opportunity to bring out this publication. We also earnestly request all our readers to send their valuable suggestions/feedback for constant updating of this book. Let the success be with our readers throughout their career. Pushkar Kumar Abrol ASSISTANT GENERAL MANAGER STATE BANK LEARNING CENTRE JAMMU Page | 4 INDEX Topics Page No. Current Affairs 6-36 Organisation Structures of SBI 37-40 Loan Policy Guidelines 41-47 Any time Channels 48-60 SME Liabilty Products 61-69 CBS related MCQ 70-81 Govt. MCQ 82-87 IT related MCQ 88-94 Cash Deptt Procedures 95-101 KYC and AML Guidelines 102-108 Settlement of Deceased Constituents 109-111 NPA/ IRAC Norms 112-119 Customer Service & Complaint Management 120-130 Fatca/CRS 131-134 Forex related MCQ 135-145 Safe Deposit Lockers and Safe Custody 146-151 General Banking 152-160 Legal Aspects of Banking 161-170 SME Asset Products 171-185 Personal Segement Deposit Products 186-195 P-Segment Asset Products 196-237 Agriculture Advances 238-250 Essay Writing 251-267 Page | 5 Union budget 2017-18 (MCQ) Compiled by Sh. Raj Kumar, Chief Manager (Training) 1. The Minimum Alternate Tax (MAT) credit has been carried forward from the current10 years to how many years in the Budget Estimates in 2017-18? A.15 Years B.20 Years C.17 Years D.12 Years 2. As mentioned in the Union Budget 2017-18, the Indian Railways coaches would be completely fitted with bio-toilets by which year? A.2020 B.2018 C.2022 D.2019 3. What is the expected growth rate of agricultural sector for the last quarter of the fiscal year 2016-17 ending March 2017? A.4.1 Percent B.4.5 Percent C.3.6 Percent D.3.2 Percent 4. Consider the following statements and based on the Budget Estimates 2017 identify which among the given points are correct? i.Foreign Investment Promotion Board will be abolished in 2017-18 ii.Second phase of Solar Park development will be taken up for additional 20,000 MW capacity. iii.A Computer Emergency Response Team for Financial Sector (CERT-Fin) will be established A.Only i & ii B.Only ii & iii C.Only i & iii D.All Are Correct 5. What is the name of the single window interface, to be launched by the Union government to register all coach related complaints and requirements A.Coach For All B.Coach Mitra C.Best Coach D.My Coach 6. According to the Union Budget 2017-18, what is the total allocation made under Pradhan Mantri Mudra Yojana? A.Rs. 2.44 Lakh crore B.Rs. 1.20 Lakh crore C.Rs. 2.50 Lakh crore D.Rs. 1.75 Lakh crore 7. According to the Union Budget 2017-18, NABARD will computerize and integrate ___________ Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks to ensure flow of credit to small farmers. A.60,000 B.61,750 C.63,000 D.62,500 Page | 6 8. What is the total allocation made for rural, agriculture and allied sectors as per the Union Budget 2017-18? A.Rs. 188,111 crores B.Rs. 184,222 crores C.Rs. 185,551 crores D.Rs. 187223 crores 9. As proposed in the Budget 2017, the total amount allocated to the BharatNet Project for digitally connected India is_______ A.Rs.12,000 B.Rs.15,000 C.Rs.10,000 D.Rs.17,000 10. NABARD will set up dedicated micro-irrigation fund to achieve Per Drop More Cropmission. What is the initial corpus of the fund? A.Rs. 5000 Crore B.Rs. 4500 Crore C.Rs. 5500 Crore D.Rs. 4200 Crore 11. What is the total allocation made under the Fasal Bima Yojana in the Union Budget2017-18? A.Rs. 7500 crore B.Rs. 9000 crore C.Rs. 5500 crore D.Rs. 8000 crore 12. Coverage under National Agricultural Market (e-NAM) has been increased from 250 Agriculture Produce Marketing Committees (APMCs) to _________ APMCs. A.375 B.550 C.455 D.585 13. Which of the following statements are true in context to the Union Budget 2017-18? i.100 stations will be made differently abled friendly by providing lifts and escalators in 2017-18. ii.By 2019, all coaches of Indian Railways will be fitted with bio toilets. iii.It is proposed to feed about 7,000 stations with solar power in the medium term iv.Railway lines of 3,500 kms will be commissioned in 2017-18. A.Only i, iii & iv B.Only ii, iii & iv C.Only i, ii, iv D.Only ii & iii 14.The tax rate for individuals with income between Rs. 2.5 Lakh and Rs.5 lakh has been reduced from 10 Percent to ______ Percent. A.7 Percent B.4 Percent C.5 Percent D.8 Percent Page | 7 15.What percent of surcharge on income tax would be levied on individuals with income between Rs. 50 lakhs and Rs. 1 crore A.10 Percent B.9 Percent C.7 Percent D.8 Percent 16 .Government plans to have single page income tax return filing form for taxable income up to Rs. ________. A.Rs. 2 Lakh B.Rs. 3 Lakh C.Rs. 4 Lakh D.Rs. 5 Lakh 17. Small firms with turnover up to Rs.50 crore will need to pay a tax of _____ percent instead of 30 percent A.20 Percent B.25 Percent C.22 Percent D.21 Percent 18. According to the Union Budget 2017-18, a surcharge of _______ percent on income tax would be applicable on total income above Rs. 1 crore. A.20 Percent B.10 Percent C.15 Percent D.12 Percent 19. According to the Union Budget 2017-18, a tax rebate of how much amount would be provided to individuals having income up to Rs 3.5 lakh? A.Rs. 1500 B.Rs. 2100 C.Rs. 2000 D.Rs. 2500 20. According to the Union Budget 2017-18, government has proposed to set up 2 strategic crude oil reserves in which of the following locations? A.Cuttack in Odisha and Kota in Rajasthan B.Chandikhole in Odisha and Bikaner in Rajasthan C.Cuttack in Odisha and Bikaner in Rajasthan D.Chandikhole in Odisha and Kota in Rajasthan 21. As per the Union Budget 2017-18, the government aims to eliminate unmanned level crossings on Broad Gauge lines by which year? A.2022 B.2018 C.2019 D.2020 22. As per the Union Budget 2017-18, the allowable provision for Non- Performing Asset of Banks has been increased from 7.5 percent to ______ percent? A.8.5 Percent B.8 Percent C.9 Percent D.7.9 Percent Page | 8 23. The total allocation under MGNREGA has been increased to all time high at Rs. ________ in the Budget Estimate 2017. A.Rs. 45500 crore B.Rs. 50000 crore C.Rs. 48000 crore D.Rs. 38600 crore 24.The government aims to bring one crore households out of poverty and 50,000 Gram Panchayats poverty free by which year? A.2019 B.2022 C.2021 D.2020 25.