Objective Type Question - Based on Savings Bank Account for PM Cadre I

   

Q1     SB – 5  denotes

     a. Pass Book     c . Pay in  Slip   c. SB  LOT

Q2.  For each Sub Post office , the  --------------- will  fix the authorized stock  of Pass Book.

   a. Head Post master      b. Sub Divisional Heads            c. Divisional  Heads

Q3.  When a  Pass  Book is made over by a depositor to a Post offices for a dispatch to another Post office , it should be dispatched by ---------------

a. Ordinary  Post   b. Service registered Post c. Registered Post

Q4. The  pay - in – slip can be filled either in English or in Hindi or the regional language

The above  said statement  is  

  a. True   b. False

Q5  All transactions as and when  they  occur will be entered in a  -------------

a. Stock  Book   b. rough  book    c. Long Book

Q6   A person can open two  joint accounts with two different partners at the same post office.

The above  said statement  is  

  a. True   b. False

Q7   The Joint ‘B’ Type of account  can be  opened in NREGA

The above  said statement  is  

  a. True   b. False

Q8 At the time  of  opening of individual savings account the ---------------of  the depositor is necessary  .

a. Introduction   b . Identification  c. None of the above

Q9. The intial deposit for opening  of savings account shall  be accepted in cash wef

a. 01.01.1990   b 05.02.2000  c.12.02.2005

Q10   Workers wages account (NREGA) account  cannot be opened in Joint B Type

The above  said statement  is  

  a. True   b. False

Q11.  If the  depositor has more than one account , the total  balance of all accounts together with his share in a joint account if any, should not exceed Rs

a. 150000   b 100000   c. 200000

Q12  Counter Assistant can accept subsequent deposit  up to   Rs---------------- independently  in SB accounts

a. 10000 b. 2000 c.  5000

Q13 SB 103  denotes   

a.  Preliminary  receipt  b .Voucher for Withdrawal  c. Pay – in – slip 

Q14    SB 7  denotes

a. . Pay – in – slip    b .Voucher for Withdrawal    c.  Preliminary  receipt 

Q15   A person holding a power of attorney from the depositor can withdraw  money  from the depositor’s account  in SB account

The above  said statement  is  

  a. True   b. False

Q16    When the amount of withdrawal  (from  SB account  at Branch office )  is more than --------   then it  should be noted in withdrawal register at Sub office

a. 1000 b. 2000 c. 5000

Q17  when will  issue  memo of Admission of Payment ?

a. warrant of payment is lost before its submission  b . the amount of withdrawal more than 50000/-  c None of the above .

Q18  ---------- is generated instead of manual long book  in  Sanchay Post 

a. LOT   b. Journal      c. LIT

Q19  . SB-7A  denotes

a.  Withdrawal form  b. closure  form  c. Pay – in- slip 

Q20    The LSG office can close individual savings accounts (Single or Joint) directly without referring the documents  to the head office .

The above  said statement  is  

  a. True   b. False

Q21  Whenever a transaction   cannot be posted by the HO in a  particular  account for any reason a  remark------------------ will be made by the HO  against the entry in LOT

a. not posted  b unposted  c . remain to  post

Q22  The SB 60  denotes 

a. journal  b . SB  Pass  Book  c. LOT

Q23  The  SB slips (SB 27 )  is used for ------------------

a. SB document is sent by the HO to SO  b. withdraw money from counter  c. None of the above

Frequantly asked question (FAQ) - Core Banking System in Post Office

What is Core Banking Project?



India Post has a vision to be one of the leaders in providing banking and money remittance services to the citizens of the country with a focus on the rural population. This vision translates into the following strategy: Be the first choice in savings bank deposits schemes with innov ative customer-centric services Provide access to diverse financial services products thereby becoming the engine of economic and social growth Increase operational efficiency through the induction of state of art technology. In order to meet the requirements and need of the India Post 2012 Project, Core Banking Solution (CBS) will be implemented across India Post covering all the post offices. CBS is networking of branches, which enables customers to operate their accounts, and avail banking services from any post office on CBS network, regardless of where they maintain their account. The customer is no more the customer of a particular post office. Thus, CBS is a step towards enhancing customer convenience through ‘Anywhere and Anytime Banking ’. CBS /Postal Banking solution is part of the overall solution planned for Indiapost, 2012



How it is different from the existing Sanchay Post?

Sanchay Post is a LAN (Local Area Network) based application. CBS on the other hand is a centralized application with browser based interface. There is no need for servers at the post office level for running CBS. CBS will have the following features which are not available in Sanchay Post: real-time 24x7 processing capability, centralized database, av ailability of alternate channels, capture of KYC (Know Your Customer) details, adequate audit & inspection features etc.



What benefits CBS will provide?

CBS will provide the following benefits: Anytime and Anywhere banking

Standardised, simple and automated processes Technology driven products

Increase in quality of the service provided to the customers Timely and accurate information for management decision making Strong audit and internal controls Bring down the cost of transaction and thereby improving operational efficiency. Improve Service Quality Paving way for new value added services thereby generating additional revenue for the Department.



Will CBS reduce transaction costs?



Yes, implementation of CBS will reduce transaction cost as processes will become standardised, simple and automated. Also, the number of counter transactions is expected to reduce due to provision of alternate delivery channels as part of CBS. At present counter transactions cost Rs. 27 for India Post

Will it improve service delivery?

Yes, implementation of CBS will improve service delivery since facilities like Anytime and Anywhere banking would be provided besides standardised and automated processes. The time taken for transactions will be reduced by providing services through alternate channels on 24 x 7 basis – ATM, Internet, Phone, SMS and Mobile Banking by facilitating transfer of money through NEFT (National Electronic Fund Transfer) or RTGS (Real time Gross

Settlement System)



What are the alternate service channels planned?



The following alternate channels are to be provided:

ATM Banking

Internet Banking

Phone Banking (IVR)/ Banking through call centre

Mobile Banking

SMS Banking - tracking and alerts



What is Rural ICT project? How is this integrated with core banking?

The Rural ICT solution will computerise the rural Post Offices and provide integrated and affordable electronic services at the Branch post office level.

In the Rural ICT project, the vendor will be responsible for development of core application platform; development of MGNREGS application and expansion of already existing electronic Money Order (eMO) application for RICT Hardware Devices; development of a central MGNREGS database; Integration with overall India Post 2012 solution architecture and other core applications such as Mail Operations, Core Banking Solution, Postal Life Insurance and solution deployment of the complete Rural ICT solution to approximately 1.30 lakh branch post offices.



What are the objectives of CBS project?

The key objectives are as below:

To increase the number of customers from existing 20 crore to 35 crore by 2012 To provide multiple delivery channels like internet, mobile banking, ATMs, thereby bringing access to financial services to the doorsteps of the customers To enable faster money remittances and fund transfers and increase volumes to capture a 50% market share by 2014



What are the objectives of going for ATMs?

Prime objective for installing ATMs is convenience to savings bank customers of the Department of Post. The other objectives are enhancing the brand value of DoP, faster service delivery and reduction in transaction costs. These are detailed below:

Improving Service Quality : ATMs of post offices will provide 24 x 7 banking environment to our customers enabling withdrawals and other facilities with convenience and certainty. Reducing Costs : ATMs will reduce our cost of transaction to Rs. 10 -14 compared to our cost of counter transactions of Rs. 27. The present cost incurred is not a right comparison as the present service provided is for a five hours business time and not for 24 hours.

Enhancing brand value : ATMs will be the face of this IT transformation of Indiapost and it is necessary to exploit it for enhancing the brand value of Indiapost.

Improving revenues : ATMs could be a potential revenue earner for us as more usage of our ATMs by other bank customers will bring us revenues.



How many ATMs are planned?

Approximately 1,000 ATMs are planned as part of this India Post 2012 project

PS Group B Exam-Vaccancy position revised

Postal Directorate no. A-34012/1/2011-DE dt. 27.05.2011 is reproduced below for information of members.

In partial modification of this office letter of even no. dt. 06.04.2011, para of the said letter i.e., the category-wise break-up of vacancies to be filled through the PS Gr. "B" examination 2011 is amended as under in compliance to the order of the Hon'ble CAT, Chandigarh Bench:

Examination for Category-wise break up of vacancies 

Category	OC	SC	ST	TOTAL
Inpector Posts Line officials (19%)	02	01	NIL	03
General Line Officials (6%)	21	02	02	25

2. The PS Gr. "B" examination will be held as per schedule i.e., on 29.05.2011 for the re-assessed vacancies as mentioned above. 
3. The result will be subject to the outcome of the judgements of various CAT Benches /Courts relating to previous examinations. 
4. It is requested to bring the contents of this letter to the notice of all concerned

Multiple Choice Question with answer - Computer awareness - PM Cadre I

                             nfpemavelikaradivision.blogspot.com 

.Q1  UNIVAC is

a. Universal Automatic Computer
b. Universal Array Computer
c. Unique Automatic Computer
d. Unvalued Automatic Computer

Correct Answer: a. Universal Automatic Computer

Explanation: There are no computers with the name as in other options. UNIVAC was the first general purpose electronic digital computer designed for commercial use, produced by Universal Accounting Company of John Mauchly and J.P.Eckert in 1951.

2. CD-ROM stands for

a. Compactable Read Only Memory
b. Compact Data Read Only Memory
c. Compactable Disk Read Only Memory
d. Compact Disk Read Only Memory

Correct Answer: d. Compact Disk Read Only Memory

Explanation: There are no objects with the name as in other options. CD-ROM is a non-volatile optical data storage medium using the same physical format as audio compact disk, readable by a computer with a CD-ROM drive. The standard 12 cm diameter CD-ROM store about 660 megabytes.


Q3 ALU  means 

a. Arithmetic Logic Unit
b. Array Logic Unit
c. Application Logic Unit
d. None of above

Correct Answer: a. Arithmetic Logic Unit

Explanation: ALU is a unit in Central Processing Unit in a computer system that is responsible for arithmetic calculations and logical operations. Apart from ALU, the CPU contains MU (Memory Unit) and CU (Control Unit).

4. VGA is

a. Video Graphics Array
b. Visual Graphics Array
c. Volatile Graphics Array
d. Video Graphics Adapter

Correct Answer: a. Video Graphics Array

Explanation: VGA is a type of Graphics Adapter. Graphic Adapter is an electronic board that controls the display of a monitor. This device helps the motherboard to work with the monitor and in VGA and SVGA the last letter ‘A’ stands for ‘Array’ whereas in MDA, CGA, MCGA the last letter ‘A’ stands for ‘Adapter

5. IBM 1401 is

a. First Generation Computer
b. Second Generation Computer
c. Third Generation Computer
d. Fourth Generation Computer

Correct Answer: b. Second Generation Computer

Explanation: IBM 1401 is a Second Generation Computer and is the first computer to enter Nepal in 2028 BS for census. Government of Nepal had brought this computer on rent and later purchased for data processing in Bureau of Statistics. After this computer, another ICL 2950/10, a British computer, was purchased by the fund of UNDP and UNFPA for the census of 2038 BS is second computer in Nepal.

6. MSI stands for

a. Medium Scale Integrated Circuits
b. Medium System Integrated Circuits
c. Medium Scale Intelligent Circuit
d. Medium System Intelligent Circuit

Correct Answer: a. Medium Scale Integrated Circuits

Explanation: After the invention of IC chips the development of computers plunged into next phase. Small Scale Integration and Medium Scale Integration (SSI and MSI) were used in third generation of computers and Large Scale Integration and Very Large Scale Integration (LSI and VLSI) are being used in fourth generation of computers. People are now expecting ULSI (Ultra Large Scale Integration) Circuits to be used for fifth generation computers.

7. The capacity of 3.5 inch floppy disk is

a. 1.40 MB
b. 1.44 GB
c. 1.40 GB
d. 1.44 MB

Correct Answer: d. 1.44 MB

Explanation: Microfloppy disks (3.5 inch) if it is high density (MF2HD) can store 1.44 MB and if it is low density (MF2DD), it can store 720 KB. Mini Floppy disks (5.25 inch) if it is high density (MD2HD) can store 1.2 MB and low density (MD2DD) stores 360 KB of data.

8. The first computer introduced in Nepal was

a. IBM 1400
b. IBM 1401
c. IBM 1402
d. IBM1402
Correct Answer: b. IBM 1401

Explanation: IBM 1401, a second generation computer was brought in Nepal by the Government of Nepal paying One Lakh and twenty five thousands per month to use in the census in 2028 B.S. Before this computer, Nepal was using a calculating device called Facit for statistical tasks.

Correct Answer: b. Wide Area Network

Explanation: There are three different classes of computer network   1. LAN – Local Area Net work 2. MAN  : Metropolitan Net work 3. WAN  : Wide Area Network

9. WAN stands for

a. Wap Area Network
b. Wide Area Network
c. Wide Array Net
d. Wireless Area Network

10. MICR stands for

a. Magnetic Ink Character Reader
b. Magnetic Ink Code Reader
c. Magnetic Ink Cases Reader
d. None

Correct Answer: a. Magnetic Ink Character Reader

Explanation: MICR (Magnetic Ink Character Reader) is kind of scanner that can scan and identify the writing of magnetic ink. This device is used in banks to verify signatures in Checks.

Q11.   Which of the Following is not real security and privacy risk:

a. Hackers b . Spam c. Viruses d. identity theft

Q2. Who is known as father of computers

 a.  Lord Wellington   b.  Charles Babbage  c.  Jack Kilby  d. Bill Gates

Q13   ROM stands for ?

  a. Random Only Memory   b. Readable Only Memory  c. Read Only Memory  d. Random Other Memory

Q14 In the first generation computers Built between ( 1945 -1956) What was used for calculations

a. Transistors  b. Integrated Circuts  c. Very Large Scale Integration d. Vacuum Tubes

Q15  Kilobyte equals to how many bytes ?

a. 1000  b.1024  c.100  d.1008

Q16  Recycle Bin is a ?

A Folder on desktop  b. File on a desktop  c. Folder in my computer  d. file in my computer

Q17 UPS stands for ?

a United Power Solutions b. Uninterrupted Power Supply  c. Uninterrupted Power Solution

d. untied Power Supply

Q18  The Number System based on "0" and "1" only is known as

a. Binary System b Barter System  c. Number System d. Hexa Decimal System

Q19 Which of the following is an advantage of using a Local Area Network (LAN)?

a. Protects against virus infection b. Shared resources c. Data Security d. Prevents Computer  misuse

Q20   Server is a ?

a. Multimedia CD b. Personal Computer c. Multi – user Computer  d. Integrated Data Management

Q21 What is Internet ?

a. network  of  all computers in a company not connected to web

b. Network  of all computers in a company not connected to web

c.  Global  Network of  computers

Q22  Which of the following is not an integral part of computer

a. CPU  b. Mouse  c.  Monitor  d. UPS

nfpemavelikaradivision.blogspot.com 

Q23  RAM stands for?

a. Revolutionary Access Memory  b. Relational  Access Memory c. Random Access Memory

 d. Rotational Access Memory

Q24 Computer with the help of mouse or keyboard are

a.  insert  b. instructions c. Guides  d. Input

Q25 For sending and receiving data from and to other computers around the world through telephone lines, we need

a. FAX  b. Modem c. Scanner d. Hub

Q26 Brain of the computer is also known as the name ?

 a. Monitor  b.  Keyboard  c. CPU   d. Mouse

Q27 MS Excel is used for ?

 a. Letter writing  b. Spread Sheet Calculation   c. Presentation  d. Painting

Q28  WWW means 

a.  World Wide Web  b. World wider web  c. World widest web 

Q29  . Which operation is not performed by computer
a. Inputting b. Processing c. Controlling d. Understanding

Q30 14. Dot-matrix is a type of

a. Tape b. Printer c. Disk d. Bus

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Collection of Model question Paper for Departmental Examination

Please  click   to  view /download the  Model Question Paper for departmental Examination

                                   DOWNLOAD MODEL QUESTION

Group B Examination -29.05.2011

Jan 26 2011  : Today, the case was heard before Hon'ble CAT, Chandigarh. Arguments started at 10:50 Hours and ended at 11:20 Hours. The officers from Postal Directorate were also present before the Tribunal to explain their position. After hearing the arguments, the Hon'ble Tribunal allowed the OA with the directions to the Department of Posts to recalculate, re-examine the vacancies as per respective quota in each category out of the total posts. If, still there is any vacancy, only then the Department can conduct PS Gr B examination scheduled to be held on 29.05.2011. A decision as to whether the examination will be held as scheduled is likely to be taken tomorrow. 

Interesting Facts about India

India never invaded any country in her last 100000 years of history.

When many cultures were only nomadic forest dwellers over 5000 years ago, Indians established Harappan culture in Sindhu Valley (Indus Valley Civilization)

The name 'India' is derived from the River Indus, the valleys around which were the home of the early settlers. The Aryan worshippers referred to the river Indus as the Sindhu

The Persian invaders converted it into Hindu. The name 'Hindustan' combines Sindhu and Hindu and thus refers to the land of the Hindus.

Chess was invented in India.

Algebra, Trigonometry and Calculus are studies, which originated in India.`

The 'Place Value System' and the 'Decimal System' were developed in India in 100 B.C.

The World's First Granite Temple is the Brihadeswara Temple at Tanjavur, Tamil Nadu. The shikhara of the temple is made from a single 80-tonne piece of granite. This magnificent temple was built in just five years, (between 1004 AD and 1009 AD) during the reign of Rajaraja Chola

India is the largest democracy in the world, the 6th largest Country in the world, and one of the most ancient civilizations.

The game of Snakes & Ladders was created by the 13th century poet saint Gyandev. It was originally called 'Mokshapat'. The ladders in the game represented virtues and the snakes indicated vices. The game was played with cowrie shells and dices. In time, the game underwent several modifications, but its meaning remained the same, i.e. good deeds take people to heaven and evil to a cycle of re-births.

The world's highest cricket ground is in Chail, Himachal Pradesh. Built in 1893 after leveling a hilltop, this cricket pitch is 2444 meters above sea level.

India has the largest number of Post Offices in the world

The largest employer in the world is the Indian Railways, employing over a million people.

The world's first university was established in Takshila in 700 BC. More than 10,500 students from all over the world studied more than 60 subjects. The University of Nalanda built in the 4th century was one of the greatest achievements of ancient India in the field of education

Ayurveda is the earliest school of medicine known to mankind. The Father of Medicine, Charaka, consolidated Ayurveda 2500 years ago.

India was one of the richest countries till the time of British rule in the early 17th Century. Christopher Columbus, attracted by India's wealth, had come looking for a sea route to India when he discovered America by mistake.

The Art of Navigation & Navigating was born in the river Sindh over 6000 years ago. The very word Navigation is derived from the Sanskrit word 'NAVGATIH'. The word navy is also derived from the Sanskrit word 'Nou'.

Bhaskaracharya rightly calculated the time taken by the earth to orbit the Sun hundreds of years before the astronomer Smart. According to his calculation, the time taken by the Earth to orbit the Sun was 365.258756484 days. The value of "pi" was first calculated by the Indian Mathematician Budhayana, and he explained the concept of what is known as the Pythagorean Theorem. He discovered this in the 6th century, long before the European mathematicians.

Algebra, Trigonometry and Calculus also originated in India.Quadratic Equations were used by Sridharacharya in the 11th century. The largest numbers the Greeks and the Romans used were 106 whereas Hindus used numbers as big as 10*53 (i.e. 10 to the power of 53) with specific names as early as 5000 B.C.during the Vedic period.Even today, the largest used number is Terra: 10*12(10 to the power of 12).

Jainism and Buddhism were founded in India in 600 B.C. and 500 B.C. respectively. Islam is India's and the world's second largest religion.