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 6

1. Bank can sanction loan against 
   a) Commercial Paper
   b) Certificate of Deposit
   c) FDR issued by Other Bank
   d) None of these

    Ans. None of these

 2. For Trading on a stock exchange as a broker, 
   a) Registration with RBI and Membership of the concerned stock exchange required
   b) Registration with SEBI and membership of the concerned stock exchange required
   c) Registration with SEBI and Financial Strength required
   d) Registration with SEBI and Educational Qualification required

    Ans. Registration with SEBI and membership of the concerned stock exchange required

 3. Maximum validity period of travellers cheque
   a) 3 months
   b) 2 months
   c) 6 months
   d) Never expire

    Ans. Never expire

 4. Banking codes and Standard Board of India is related to
   a) Issues related to customer service
   b) Issues related to General Audit 
   c) Issues related to General Banking
   d) Issues related to Forex

    Ans. Issues related to customer service

 5. RTGS stands for
   a) Real Time Gross Settlement 
   b) Real Time Gross System
   c) Real Time Growth Settlement
   d) Real Time Settlement System

    Ans. Real Time Gross Settlement

 6. Which one is not correct in case of NRI
   a) NRE A/c
   b) NRO A/c
   c) FCNR A/c
   d) NRI A/c

    Ans. NRI A/c

 7. When a cheque is drawn on a bank, the bank is called the
   a) Payee
   b) Drawee
   c) Drawer
   d) Endorsee                                                                           
   Ans. Drawee

 8. Ms. Kangana withdraws cash from ATM of State Bank of India. Here State Bank of  India is a:

    a) Correspondent Banker
   b) Collecting Banker
   c) Advising Banker
   d) Paying Banker

    Ans. Paying Banker

 9. A stop payment instruction of  a cheque can be issued by:
   a) The payee
   b) The endorsee
   c) The drawer
   d) The drawee   

   Ans. The Drawer

 10. Coupon rate refers to
   a) Annual interest rate specified on bonds
   b) PLR
   c) Bank rate 
   d) None of the above

   Ans. Annual interest rate specified on bonds
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 4

JAIIB - Principles and Practices of Banking - Practice Set 5

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