Bank of India Clerk papers

Can any one here provide me the Clerk Exam Question Paper for Bank of India??

As per your demand here I am sharing the Clerk Exam Question Paper for Bank of India

Directions—(Q. 1–15) Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.

There was a famous temple on a high hill in Assam. The priest of this temple was widely respected and was known to be a great scholar. When he grew old, he started searching for a younger priest who could take charge of the temple after his death. But, much to his dismay, he could not find any suitable person. As the priest lay on his deathbed, he called the trustee of the temple and told him, “After my death, make sure that only a ‘human being’ replaces me as the priest of this temple”. As soon as he said these words, he died. Information travelled far and wide that the head priest of the famous temple had died and now there was an urgent need for a replacement. A day was set for the selection of the successor. That day, starting at dawn, aspirants started trekking the steep and torturous climb to the temple. The route to the temple was indeed difficult; it was full of thorns, and stones. By the time most people managed to reach the temple, they had received minor cuts and bruises on their feet and hands.

After breakfast, the selection process started. The trustee asked all the aspirants to recite difficult shlokas, or verses from the sacred texts, and explain various procedures of priesthood. By afternoon, as the selection process was about to end, one young man walked slowly into the temple. The trustee noticed him and said, “Young man, you are very late. What took you so long ? And what happened to your clothes, why are they torn ? Your feet and hands are bleeding so badly.” The man replied, “I know sir, I am late, so I will not participate in the competition. If I have your permission, I will just get my wounds treated, rest for a while and then go back to my village.” But the trustee was curious to know about this man. He asked again, “But how did you manage to hurt yourself so badly, did you not follow the same route as the others ?” “Yes sir, I did,” replied the man, “But I thought I must remove the thorns and other sharp, stones from the path so that when people come to pray in this temple they must not get hurt. That is why I got late and that is how I hurt myself. I apologize for the delay, but as I said, I know I am late and hence I don’t wish to participate in the competition. It will not be fair to the others if I participated.” Hearing this, the trustee smiled and said, “Congratulations, you have been chosen. I am sure that when our noble priest was dying and he said that he wanted a “human being” to be his successor, he meant that he wanted someone like you. “This statement infuriated the other participants. “What do you mean ?” they demanded. “Are we not humans ? This man just said that he did not wish to participate. How can you choose him as he has not gone through any of the tests ?”

The trustee replied, “Our old priest used to say that even animals know how to watch for their self interest; they know how to avoid danger, search food and so on. Only a ‘human being’ knows how to watch for other people’s interests and well being. All of you climbed the same torturous path. But only this man thought about the others and cleared the path so that no one would get hurt. By this definition, only he qualifies as a ‘human being’ and hence only he should be the successor of the great old priest.”

1. What happened immediately after the old priest died ?
(A) The trustee shut the temple and started mourning for the old priest
(B) The trustee took the old priest’s position and appointed a younger trustee
(C) Word spread that there was an urgent need for the old priest’s successor
(D) Everyone started searching for younger priests
(E) Everyone refused to become the old priest’s successor
Ans : (C)

2. Why was the old priest looking for a younger priest ?
(A) So that the younger priest became his successor
(B) So that the old priest had a student
(C) So that the younger priest searched for a successor
(D) Because in those days younger priests were more educated than older priests
(E) Because the trustee wanted a younger priest to take care of the temple
Ans : (E)

3. Why was the young man late for the competition ?
(A) He had forgotten his way and thus had taken a longer route to the temple
(B) He was removing all the stones and thorns from the path which led to the temple
(C) He was giving water to the other participants when they were on their way to the temple
(D) He had some household chores to complete
(E) He had forgotten all about the competition in the morning
Ans : (B)


4. What was the trustee’s decision when the young man gave his explanation for being late ?
(A) He immediately selected the young man as the successor to the old priest
(B) He scolded him and said that he should have been careful
(C) He asked the young man to go and get his wounds treated
(D) He asked the other participants to leave the temple premises
(E) He gave a huge sum of money to the young man
Ans : (A)

5. What was the old priest’s definition of a ‘human being’ ?
(A) Those who succeed in life and earn a lot of money are human beings
(B) Those who watch for other people’s interests and well being are human beings
(C) Those who put stones and thorns in other people’s path are human beings
(D) Those who know how to make other people laugh are human beings
(E) Those who know how to recite shlokas are human beings
Ans : (B)

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Answered By StudyChaCha Member

As you want I am here providing you sample paper of the Clerk exam of Bank of India.

Sample paper:
1)Where was the Head Quarters of Bank of india located ?
A)Bandra (East),Mumbai.

2)Who is the Chairman of Bank of india ?
A) Shri. Alok Kumar Misra

3) When did the bank came into existence ?
A) 7th September, 1906

4) What was the Bank of india initial name?
A)

5) When was nationalised Bank of india?
A) July 1969

6) Bank of india Line ?
A) “Banking services with an attitude of care and concern for the customers and patrons”

7) could you tell about Network of Bank of india?
A) The Bank has 3101 branches in India spread over all states/ union territories including 141 specialised branches. These branches are controlled through 48 Zonal Offices . There are 29 branches/ offices (including three representative offices) abroad.

8)Why do you choose clerk job as your career ?
A)You just say, “Job Security and Job in Bank of India is a privilege and it is a service to nation”

9)What do you think of the responsibilities / duties of a clerk job in the banking sector ?

10)How do you prove yourself as a successful employee ?

11)Tell us about yourself ?
A)Introduce yourself , your education, your current job,etc in a short and sweet manner.

12)Tell us about your schooling background ?

13)Tell us about your academic career ?

14)What are your hobbies ?

15)What are the primary functions of a commercial bank ?
A)The primary functions of a commercial bank include:
a) accepting deposits; and
b) granting loans and advances

16)What are the salient features of Indian Banking Sector ?

17)Can you explain the reforms that taken place in the Indian banking industry ?
A) The Narasimham Committee laid the foundation for the reformation of the Indian banking sector.Constituted in 1991, the Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector.

18)What are the functions of Reserve Bank of India ?
A)Mainly the functions of RBI are classified as follows:
Bank of Issue
Banker to Government
Bankers’ Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory functions
Promotional functions

19)Tell some of the Qualitative methods used by RBI for credit control in the country ?

20)Tell some of the Quantitative methods used by RBI for credit control in the country ?


21)What is Bank rate ?
A) A Bank rate is the interest rate that is charged by a country’s central or federal bank on loans and advances to control money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and stabilize the country’s exchange rates. A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a country’s economy. For instance, the prices in stock markets tend to react to interest rate changes. A change in bank rates affects customers as it influences prime interest rates for personal loans.

22)What is Cash Reserve Ratio – CRR?
A)The Cash Reserve Ratio (CRR) refers to the liquid cash that banks have to maintain with the Reserve Bank of India (RBI) as a certain percentage of their demand and time liabilities. For example if the CRR is 10% then a bank with net demand and time deposits of Rs 1,00,000 will have to deposit Rs 10,000 with the RBI as liquid cash.

23)What is Statutory Liquidity Ratio – SLR ?
A)Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form of cash, or gold or govt. approved securities before providing credit to the customers. Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.

24)What is Repo rate ?
A)Whenever the banks have any shortage of funds they can borrow it from the central bank. Repo rate is the rate at which our banks borrow currency from the central bank. A reduction in the repo rate will help banks to get Money at a cheaper rate. When the repo rate increases borrowing from the central bank becomes more expensive.The Reverse repo rate is the rate at which the central bank borrows from the banks, while the Repo rate is the rate at which the banks borrow from the central bank.

25)Can you explain the terms National bank, Scheduled bank, Commercial bank, Cooperative bank, Private bank, Foreign bank ?

26)What Is Inflation?
A)Inflation is increase in price of products & decrease in value of money.

27) Difference between Repo rate and Bank rate?
A)The Main difference between Repo rate and Bank rate is that Repo rate is the discounting offered by the RBI on the monetary bill hold by the Banks

28))Important Terms?
SLR – Statutory liquidity ratio
CRR - Cash reserve ratio
Repo rate - It is the rate at which RBI lends money to Banks.
Reverse Repo Rate – It is the rate at which Banks park their funds with RBI
Bank Rate – It is the rate at which RBI lends money to Banks.
Call money rate - It is the rate of interest charged by the banks for temporary borrows among banks Ledger
Tender Money – Currency issued by RBI Optional Money – Cheques, DDs, Bankers Cheques
Plastic Money – Credit card, Debit card Credit card is ready made overdraft in e-form for buying goods and services by the card holder within specified limits and according to terms and conditions of the issuer Bank without having any account. Debit card is e-Cheque which can be used within the limits of the credit in the account associated with it for financial transactions.
Core Banking – Networking of Banks for providing any where any time Banking is called Core Banking.
Merchant Bank provides capital to firms in the form of shares rather than money.
Investment Banks tend to provide investment to firms.
Corporate Banking looks after the needs of big firms, companies, business entities.
Business Banking looks after needs of medium level business firms, entities, individuals.
Retail banking focuses to provide services to individuals.
Private banking focuses to provide services to high net worth individuals.
Lead Banking focuses on providing all type of financial services.
Narrow Banking focuses on a particular sector like Mortgage, Auto Finance etc.

29)What is a bank?
A) A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money.

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Answered By StudyChaCha Member