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 3



1. Direct Marketing is
   a) 1 level
   b) Zero level
   c) 2 level
   d) Multi level

   Ans. Zero level

 2. Close Ended Fund issued by
   a) RBI
   b) Mutual Fund
   c) Banks
   d) Insurance Companies

   Ans. Mutual Fund

 3. Securitisation is a process of aquiring the loans classified as
   a) Bad debts
   b) Performing debts
   c) Non Performing debts
   d) Book debts

   Ans. Non Prforming Debts

 4. For scheduled commercial bank, the Capital Adequacy Ratio is 
   a) 5 %
   b) 7 %
   c) 10%
   d) 9 %

   Ans. 9%

 5. Time taken to convert cash into raw materials, semi finished goods, finished goods and again into cash is known as 
   a) Cash Cycle
   b) Operating Cycle
   c) Trade Cycle
   d) Time Cycle

    Ans. Operating Cycle

6. Bank received a cheque signed by Mr. Tyagi as a director of XYZ company, who has expired. The bank
   a) cannot honour the cheque
   b) can honour the cheque
   c) can honour the cheque only after obtaining confirmation of other directors
   d) Bank should cancel the cheque

    Ans. can honour the cheque

 7. Banks's assets are classified into three classes as standard, substandard, doubtful and loss assets, based on the recommendation of committee
  a) Tandon
  b) Ghosh
  c) Rangrajan
  d) Narshimhan

   Ans. Ghosh

 8. Apex institution that handles refinance for agriculture and rural development is
  a) SBI
  b) RBI
  c) SIDBI
  d) NABARD

   Ans. NABARD

 9. Banking Regulation Act, 1949 deals with
  a) The control over the management of banking companies
  b) Regulation of banking companies
  c) Suspension and winding up of banking companies
  d) b & C

   Ans. b & C

 10 . Under the RBI act, 1934, it is the sole authority to issue coins/currency notes of denominations of
  a) One Rupee Note
  b) One Rupee Coin
  c) Fifty Paise Coin
  d) Currency Notes of Rs. 2 and Above

   Ans. Currency Notes of Rs. 2 and Above
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