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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 1




            1.      Mutual funds are regulated by
(a) Association of Mutual Funds of India (AMFI)
(b) Securities and Exchange Board of India (SEBI)
(c) Reserve Bank of India
(d) None of the above


Ans.  Securities and Exchange Board of India (SEBI)


  1. Maximum Number of members in SHG
(a) 30
(b) 10
(c) 20
(d) 40


Ans.  20




  1. One Directional Communication
(a) Simplex
(b) Duplex
(c) Full Duplex
(d) None


Ans.  Simplex


  1. In case of Saving Account, Banker is
(a) Creditor
(b) Debtor
(c) Privileged Debtor
(d) Privileged Creditor


Ans.  Debtor


  1. What is the CRR currently prescribed by RBI?
(a) 6.75%
(b) 4%
(c) 7%
(d) 5.5%


Ans.  4%


  1. A scheduled commercial bank is one:
(a) Which is included in the Second Schedule of the RBI Act 1934
(b) Which is included in the Banking Regulation Act, 1949
(c) Both (a) and (b)
(d) None of the above


Ans.  Which is included in the Second Schedule of the RBI Act 1934


  1. What is the stipulated share of the priority sector in the net bank credit?
a)   35%
b)   10%
c)   50%
d)   40%


Ans. 40%


  1. What is the current SLR requirement of banks?
a)   50% of the deposits
b)   21.5% of the deposits
c)   20.5% of the deposits
d)   6.75% of the deposits


Ans. 21.5 % of the deposits


  1. Bank Guarantee can be of maximum period
a)   1 year
b)   10 years
c)   More than 10 years
d)   None


Ans. More Than 10 Years


  1. Which is star topology
a)   Gateway
b)   Switch
c)   Router
d)   None


Ans. Switch




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