Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
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Sample Question - JAIIB - 2013 - Principle and Practices of Banking

1. Security deposit is required in case of education loan
a. Less than 3 lacs
b. 3 lacs to 4 lacs
c. above 4 lacs
d. security is not required for education loan

2. In case of SB - banker is
a. Creditor
b. debtor
c. Privileged Debtor
d. Privileged Creditor 

3. RBI penalty for bank as per amendment in 2012
a. 25 lacs for all violation
b. 75 lacs for all violation
c. 1 crore for all violation
d. 1 crore for each violation

4. Two PIN are there
a. Credit card
b. smart card
c. ATM
d. Charge card

5. Direct Marketing is 
a. 1 level
b. zero level
c. 2 level
d. Multi level

6. Which one is start topology 
a. Hub
b. Switch
c. Router

7. Data is stored in computer file. A number is generated with some key data items of files. This is
a. Checksum
b. Encrypted Data
c. Audit Trail sequence number
d. Message Sequence Number 

8. Increase of SB interest is type of risk
a. Operational
b. Market
c. Credit
d. Investment

9. Balance is 50000. 10000 has been drawn in due business hour. Garnishee order has been received at evening to attach 50000.
a. Rest amount will be attached
b. Remaining balance will be asked by customer
c. Garnishee order will be rejected

10. One directional communication is
a. Simplex
b. Duplex
c. Full duplex
d. Half Duplex
11. If double cross is not there and XYZ bank has written on cheque
a. General
b. Does not mean without cross
c. Specific

 12. Criteria to eligible for PMEG
13. CIBIL keeps information about
a. Corporate 
b. Consumer
c. Customer

 14. Working Capital
a. Bank Borrowing
b. Sundry Debtor
c. Advance Tax Paid

 15. Net Working Capital
a. Excess of short term over long terms
b. Excess of long term over short term 

 16. Lease Financing

 17. Electronic volet contains

 18. Bank guarantee can be for maximum period

 19. Close ended fund issued by
a. RBI
b. Mutual Fund

 20. CBS means
a. ATM
b. Banking over Internet

 21. Application with pointing device

 22. CRM stands for

 23. It can be used to purchase current assets
a. Bank Borrowing
b. Sundry debtors
c. Advance tax paid
d. Long term payments

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