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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JAIIB - Principles and Practices of Banking - Practice Set 2



1. RBI is popularly known as a lender ………….
 a) To  central Government
 b) To State Government
 c) Of Foreign Currency
 d) Of the last resort 

 Ans.  Of the last resort

 2. Among the following, which one is not a regulator?
 a) RBI
 b) SEBI
 c) AMFI
 d) IRDA

  Ans.  AMFI

 3. KYC means
 a) Know Your Customer very well
 b) Know Your existing Customer very well
 c) Know Your prospective Customer very well
 d) Satisfy yourselves about the customer’s identity and activity.

  Ans.  Satisfy yourselves about the customer’s identity and activity.

 4. A company which pools money from investors and invests in stocks ,       bonds, share is called
 a) bank
 b) An insurance company
 c) Bancassurance
 d) Mutual Fund

  Ans. Mutual Fund

 5. Bancassurance is
 a) An insurance scheme to insure bank deposits
 b) An insurance scheme to insure bank advances
 c) A composite financial service offering both bank and insurance products
 d) A bank deposit scheme exclusively for employees of insurance companies

  Ans. A composite financial service offering both bank and insurance products


6. A decrease in CRR and SLR will ----the liquidity in the banking system
 a) Decrease
 b) Improve
 c) Not Impact
 d) Decrease and improve respectively

 Ans. Improve

 7. The export credit target for foreign banks in India is ---- of ANBC.
 a) 40%
 b) 32%
 c) 12%
 d) 10%

  Ans. 12%

 8.A micro enterprise in the service sector is one where the investment in   equipment does not exceed
 a) 10 lakh
 b) 20 lakh
 c) 30 lakh
 d) 50 lakh
                  
 Ans. 10 lakh

 9. Due date of cheque dated 20/02/2016 is
 a) 20/08/2016
 b) 20/04/2016
 c) 20/05/2016
 d) None

  Ans. None

 10. Hypothecation is applicable in the case of
 a) Immovable Property
 b) Book Debt
 c) Movable Property
 d) Corporate Guarantee
                  
 Ans. Movable Property

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