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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Sample Questions for CAIIB - Bank Financial Management - Sample Questions Set 3


1. The Value of derivative is determined by
a) The Value of underlying
b) National Principle Amount
c) FIMMDA
d) FEDAI

Answer - The Value of underlying

2. Security of a Bank migrates from A+ to A. Which risk is associated with bank
a) Market Risk
b) Operational Risk
c) Market Liquidation Risk
d) Credit Risk

Answer - Credit Risk

3. Nostro Account means
a) Account meant for Reconciliation
b) Accounts of foreign bank with Indian Bank
c) Current Account denominated in foreign currency maintained by bank with their correspondent bank in the home country of the currency
d) Short term investment with High security rated foreign bank

Answer - Current Account denominated in foreign currency maintained by bank with their correspondent bank in the home country of the currency

4. An NRE term deposit account can be opened for a minimum period of:
a) 1 Year
b) 5 Year
c) 6 Months
d) 2 Years

Answer - 1 Year

5. Which of the following types of Bill of Lading is not acceptable by a bank under LC?
a) On Board
b) Clean
c) Charter Party
d) All of the above

Answer - Charter Party

6. To be eligible for packing credit advances the customer
a) should not be in the caution list of RBI or specific approval list of ECGC
b) must be holding importer/exporter code number allotted by DGFT
c) should be recognized export house
d) a and b

Answer - a and b

7. When a bank sanctions a loan to a large borrower, which of the following risks it may not face
a) Liquidity
b) Market
c) Credit
d) Operation

Answer - Market

8. Change in interest rates will affect
a) Net interest income
b) Other income
c) Staff Expenses
d) All of the above

Answer - Net Interest Income

9. Promissory notes issued by Central Government to meet its
a) short term Certificate of Deposits
b) Commercial Papers
c) Capital Indexed Bonds
d) Treasury Bills

Answer - Treasury Bills

10. Supervisory Review under Basel-II framework refers to
a) Operational risk
b) Market Risk
c) Credit Risk
d) None of These

Answer - None of These

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