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NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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Exam Syllabus for Probationary Officer or Management Trainee in IBPS

I. English Language - 25 marks (50 questions)

This segment of IBPS CWE test covers vocabulary, comprehension, error detection and rearrangement, grammar, Idioms and phrases.  Vocabulary includes Synonyms, Antonyms, Homonyms, Word Formation, sentence completion and comprehension includes theme detection, Deriving Conclusion, Passage Completion.

II. Quantitative Aptitude - 50 marks (50 questions)

a. Arithmetic: Numbers, Simplification, Roots, Average, Percentage, Profit & Loss, Ratio & Proportion, Partnership, Chain Rule, Time & Work, Pipes & Cisterns, Time & Distance, Problems on Trains, Boats & Streams, Allegation, Simple Interest, Compound Interest, Stocks & Shares, Clocks, Logarithms, Menstruation, Volume & Surface Area, Permutation & combination, Probability, Heights & Distances

b. Data Interpretation: Tabulation, Bar Graphs, Line Graphs, Pie Charts

III. Logical Reasoning - 50 marks (50 questions)

Verbal and Non-verbal both areas are covered in this segment of test.

Verbal Reasoning includes Analogy, Coding Decoding, Blood Relation, Sitting Arrangement, Series Completion, Syllogism, Decision Making, and Statement Reasoning.

Non-verbal Reasoning includes Series Completion, Analogy, and Classification

IV. General Awareness (Economy/Banking/Marketing) - 50 marks (50 questions)

This segment of IPBS CWE includes general awareness. These questions cover various disciplines.

- Current events

- Everyday observations and experience in the scientific aspect as may be expected of any educated person

- Sports, History, Culture, Geography, Economy, General Polity, Indian Constitution, Scientific Research etc.

Most of the questions almost 70% in this segment are related to Economy, Banking and Finance.

V. Computer Awareness - 50 marks (50 questions)

General Knowledge on Computer application related to basic software and hardware.

VI. Descriptive - 25 marks

It is to test language ability and cognitive abilities as figure out the situation. There are 4 questions in this segment and 3 out 4 is asked to answer. It normally include essays, precise and letter writing. Space to write answer of these questions is limited.

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