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 4

1. Which regulator regulates insurance business
   a) IRDA
   b) AMFI
   c) SEBI
   d) RBI

    Ans. IRDA

 2. Bank rate is the rate at which
   a) Commercial banks lend to borrowers
   b) RBI lends to banks
   c) Term lending institution lend to borrowers
   d) Scheduled banks accept deposits

    Ans. RBI lends to banks

 3. In which payment system, payment instructions are processed on a continuous basis
   a) NEFT
   b) RTGS
   c) ATM
   d) POS

    Ans. RTGS

 4. A Corp loan granted for short term is treated as NPA, if installments of principal or interest thereon remain overdue for --crop seasons
   a) One
   b) Two
   c) Three
   d) Four

    Ans. Two

 5. Term 'Credit Management' covers
   a) Asset/Laibility Management
   b) Credit Appraisal
   c) Risk Management
   d) All of the above

    Ans. All of the above

 6. Which section of RBI Act, 1934, gives sole power to RBI to issue currency notes
   a) 10
   b) 18
   c) 22
   d) 26

    Ans. 22

 7. Which one is not Public Sector Banks
   a) State Bank of Mysore
   b) RRB sponsored by Nationalised Bank
   c) Indian Overseas Bank
   d) HDFC Bank

    Ans. HDFC Bank

 8. Which instrument comes as a protection for the Importer/Exporter?
   a) Factoring
   b) Guarantees issued by Banks
   c) Letter of Credit
   d) Deferred Payment Guarantee

    Ans. Letter of Credit

 9. A customer deposits some shares, cash and jewellery in the safe deposit locker of a bank.Here role of the bank is
  a) Depositor
  b) Drawee
  c) Lessor
  d) Debtor

   Ans. Lessor 

 10. If the distance between two branches offices of a bank is 500 meters. Which type of network will be used between these two?
  a) WAN
  b) MAN
  C) LAN
  d) FTP

   Ans. LAN

JAIIB - Principles and Practices of Banking - Practice Set 1

JAIIB - Principles and Practices of Banking - Practice Set 2

JAIIB - Principles and Practices of Banking - Practice Set 3


JAIIB - Principles and Practices of Banking - Practice Set 5

JAIIB - Principles and Practices of Banking - Practice Set 6

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