SBI Clerk Exams 2014: Frequently Asked Questions
SBI Clerk notification has been announced just few days back and there are many doubts/queries coming in the mind of aspiring candidates. We have given below a list of frequently asked questions and their answers.
1.What are the posts available under this recruitment project?
The recruitment will be done only for the SBI Clerk.
The recruitment will be done only for the SBI Clerk.
2.When will be the exam conducted?
Recruitment Examination will be conducted online tentatively in July/August 2014 on various dates.
Recruitment Examination will be conducted online tentatively in July/August 2014 on various dates.
3.When will the result be declared?
No Tentative Date for the results is announced in the Notification.
No Tentative Date for the results is announced in the Notification.
4.How many vacancies will be there?
The total number of vacancies available is 5092.
The total number of vacancies available is 5092.
5.Will there be a common interview after the written result?
Yes, a common interview will take place after the written result.
Yes, a common interview will take place after the written result.
6.Will the exam conducted online or offline (OMR Based)?
The exam will be conducted online for the first time.
The exam will be conducted online for the first time.
7.What is the age criteria to apply in this common written exam?
Age: (As on 01.05.2014)
Minimum Age : 20 years
Maximum Age : 28 years (as on 01.05.2014).
Candidates born between 02.05.1986 and 01.05.1994 (both days inclusive) are only eligible to apply.
Age: (As on 01.05.2014)
Minimum Age : 20 years
Maximum Age : 28 years (as on 01.05.2014).
Candidates born between 02.05.1986 and 01.05.1994 (both days inclusive) are only eligible to apply.
8.What is the relaxation given to the different categories?
- SC/ST – 5 years
- OBC – 3 years
- PWD (Gen) – 10 years
- PWD (SC/ST) – 10 years
- PWD (OBC) – 13 years
- Persons domiciled in Kashmir Division of Jammu & Kashmir State during the period from 01.01.1980 to 31.12.1989 – 5 years Widows, Divorced women and women judicially separated from their husbands & who are not remarried 38 years – 9 years.
9.What is the educational qualification required for various posts in this recruitment process?
A Degree (Graduation level) from a recognized university, or any equivalent qualification recognized as such by the Central/State Government.
A Degree (Graduation level) from a recognized university, or any equivalent qualification recognized as such by the Central/State Government.
10.I have scored 55% in Graduation. Am I eligible to sit for the exam?
Yes, you can apply as there is no percentage criterion. You just need to be a graduate.
Yes, you can apply as there is no percentage criterion. You just need to be a graduate.
11.I am 19 years old. Can I sit for the exam?
No. You have to wait another year in order to appear for the exam. You must be at least 20 years of age and not more than 28 years of age as on as on 01.05.2014.
No. You have to wait another year in order to appear for the exam. You must be at least 20 years of age and not more than 28 years of age as on as on 01.05.2014.
12.I have given exams of my final year graduation but result has not yet been declared. Can I apply?
No. You can not apply. If the result is out on or before 1-July-2013, only then you can apply. Those who are in the final year of Graduation/Semester may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the Graduation Examination on or before 31.08.2014.
No. You can not apply. If the result is out on or before 1-July-2013, only then you can apply. Those who are in the final year of Graduation/Semester may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the Graduation Examination on or before 31.08.2014.
13.What is the application Fee?
1. SC/ST/PWD/XS – Rs. 100
2. General and OBC – Rs. 450
1. SC/ST/PWD/XS – Rs. 100
2. General and OBC – Rs. 450
14.When will the registration start?
Registration started from 26-05-2014 and it will get over on 14-06-2014.
Registration started from 26-05-2014 and it will get over on 14-06-2014.
15.Do I need to know the local language to apply from a state?
As clearly stated in the notification, Knowledge of local language will be an added qualification.
As clearly stated in the notification, Knowledge of local language will be an added qualification.
16.Can I apply from two circles?
No, you cannot apply from two circles. Candidates can apply for vacancies in one state only and will have to appear for the test from an examination centre for that particular state. Candidates can appear for the test only once under this recruitment project.
No, you cannot apply from two circles. Candidates can apply for vacancies in one state only and will have to appear for the test from an examination centre for that particular state. Candidates can appear for the test only once under this recruitment project.
17.Can I apply from some other circle?
Yes, you may apply from some other circle. But, as clearly stated in the notification “Knowledge of local language will be an added qualification”. So, technically, you can fill it but practically, you can be rejected.
Yes, you may apply from some other circle. But, as clearly stated in the notification “Knowledge of local language will be an added qualification”. So, technically, you can fill it but practically, you can be rejected.
18.I am from Bihar. I want to apply from UP. Can I apply?
Yes, you may apply. As the local language of UP is Hindi and if you are comfortably at home with Hindi, then yes, you can absolutely apply.
Yes, you may apply. As the local language of UP is Hindi and if you are comfortably at home with Hindi, then yes, you can absolutely apply.
19.I am from Kerala. But I want to apply from Gujarat. Can I apply?
If you know Gujarati, then yes you may. Otherwise, you can’t because there may be a risk of getting rejected in the Interview. Sometimes, during the interview, the interviewer can ask you to read or write in the local language.
If you know Gujarati, then yes you may. Otherwise, you can’t because there may be a risk of getting rejected in the Interview. Sometimes, during the interview, the interviewer can ask you to read or write in the local language.
20.When can I get an inter/intra state transfer?
Candidates will not be entitled for inter/intra-state transfer in the first 5 years of service. (8 years for Kashmir valley/Ladakh).
Candidates will not be entitled for inter/intra-state transfer in the first 5 years of service. (8 years for Kashmir valley/Ladakh).
21.What will be the exam center of the exam?
Candidates can apply for vacancies in one state only and will have to appear for the test from an examination centre for that particular state.
Candidates can apply for vacancies in one state only and will have to appear for the test from an examination centre for that particular state.
22.I am from engineering background. What option should I chose?
Choose Science. Engineering is an extension of science.
Choose Science. Engineering is an extension of science.
23.I am from Animation/Fashion background. What option should I chose?
You should choose “others”.
You should choose “others”.
24.What is the language used in the exam? What is the meaning of “bilingual”?
The questions in objective tests, except for the test of General English, will be bilingual i.e., English & Hindi.
The questions in objective tests, except for the test of General English, will be bilingual i.e., English & Hindi.
25.On what basis the Merit List will be drawn?
Merit list will be drawn State-wise, Category-wise and candidates will be posted in the State for which they are applying.
Merit list will be drawn State-wise, Category-wise and candidates will be posted in the State for which they are applying.
26.What is the cut-off for being recruited?
There is no fixed cutoff for SBI clerk exam. It depends on the performance of the candidates each year. Your final score is calculated based on your performance in the written test and the interview.
There is no fixed cutoff for SBI clerk exam. It depends on the performance of the candidates each year. Your final score is calculated based on your performance in the written test and the interview.
27.Is there a sectional cut-off in the exam?
Yes, there is a sectional cut-off in the exam. You have to clear every section in order to secure a seat for the Interview.
Yes, there is a sectional cut-off in the exam. You have to clear every section in order to secure a seat for the Interview.
28.I have cleared the overall cutoff of the exam. However, I could not clear the cutoff for the general knowledge section. Am I still eligible?
Unfortunately, you are not eligible to move to the interview stage. You must clear the cutoff for each section and the overall cutoff as well.
Unfortunately, you are not eligible to move to the interview stage. You must clear the cutoff for each section and the overall cutoff as well.
29.How can I apply for SBI clerk exam?
You have to apply online for the exam through SBI’s official website. Note down the details of the application process once the notification of the exam is out. You can pay online or offline.
You have to apply online for the exam through SBI’s official website. Note down the details of the application process once the notification of the exam is out. You can pay online or offline.
30.What the pattern of SBI Clerk Exam?
SBI Clerk Exam is an objective test with multiple choice questions. The paper has five sections to it, viz. General Awareness, General English, Quantitative Aptitude, Reasoning Ability, and Marketing Aptitude. The paper has 200 questions in all, each carrying one mark.
SBI Clerk Exam is an objective test with multiple choice questions. The paper has five sections to it, viz. General Awareness, General English, Quantitative Aptitude, Reasoning Ability, and Marketing Aptitude. The paper has 200 questions in all, each carrying one mark.
31.Is there a criterion for negative marking?
There is negative marking of ¼ marks for every wrong answer.
There is negative marking of ¼ marks for every wrong answer.
SBI PO/Clerk Cut Off Marks 2014 By Category Wise:
SBI PO/Clerk Cut Off Marks By Category Wise.State Bank of India has issued the notification for the recruitment of various vacancies for the PO Examination. As per the SBI PO Recruitment Exam notification 2014 in which candidate requires follow rules and guidelines for the SBI PO/Clerk Examination Recruitment. For the SBI Recruitment Examination for te PO/Clerk Examination Aspirants who were completed their SBI PO/Clerk Examination in which so many showing enthusiasm and anxiety over SBI PO/Clerk Examination Cut Off Marks List according to the State and Category wise. As per the Rules and guidelines of the SBI PO/Clerk Recruitment Examination Candidate will be get selected on the basis of the Marks that what they obtained. Here Some of the Check list that are shown below here to check the SBI PO/Clerk Recruitment Examination.
SBI PO/Clerk Examination Cut Off Marks 2014 According to Category and Section Wise :
Aspirants will get cut off marks according Category wise. Most Probably For the SBI PO/Clerk Exam 2014 Cut Off Marks is on the basis of the SBI PO/Clerk Examination according to th Category wise that are listed in detail. For SC/Gen/OBC requires to get 119 Marks, ST 105 Marks, VI/HI /DepXS and DIsXs requires to get 70 Marks. Even as per the SBI PO/Clerk Cut Off Marks are categorized according to the Sectional wise that are listed in the SBI PO/Clerk Exam is conducting examination for the SBI PO/Clerk posts in which as per the SBI PO/Clerk Examination Sectional Cut Off Marks also Listed in detail below.
Syllabus & Pattern of SBI PO Exam 2014:
State Bank of India (SBI) Probationary Officer (PO) 2014 syllabus is a very important thing that every candidate has to look into and it is also advisable to the candidates that they must continuously refer to the syllabus at the starting of the preparation and also while the preparation is going on.
State bank of India Probationary officer (PO) exam consists of 2 sections namely:
- Objective type paper-I – 200 Marks ( Total Time : 2 hours)
- Descriptive type Paper-II – 50 marks ( Total Time : 1 hour )Note: Negative Marking : 1/4th of Marks
Syllabus includes of the following section:
- Reasoning (HIGH LEVEL)
- Data Interpretation
- English Language
- General Awareness + Computer + Marketing Awareness
The above mentioned sections are from the Objective paper of the Exam whereas; the Descriptive paper also includes the English Language.
BELOW MENTIONED IS THE DETAILED SYLLABUS OF SBI PO 2014 SYLLABUS:
Objective type paper-I 200 Marks
DESCRIPTIVE SECTION SYLLABUS OF SBI PO – 50 Marks
- Letter Writing
- Paragraph Writing
- Essay Writing
- 4. Precise Writing
- Reading Comprehension
Banking Awareness For SBI PO:
Dear readers, here we are providing some important Banking news which will be imporntant for upcoming SBI Exam.
1. Main Points of RBI monetary policy review:
As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement kept the key policy rate (repo) unchanged.
As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement kept the key policy rate (repo) unchanged.
Current RBI Policy & Reserve Rates:
1. Repo Rate – 8% (Unchanged)
2. Reverse Repo– 7% (Unchanged)
3. CRR – 4% (Unchanged)
4. SLR – 23% (Unchanged)
5. MSF– 9% (Unchanged)
6. Bank Rate – 9% (Unchanged)
Note: i. Economic growth for 2014-15 expected at 5.5%.
ii. CAD expected to come down to 2% of GDP in 2014-15.
iii. Retail inflation expected to be under 6% in 2014.
iv. RBI asks banks not to charge penalty for failure to maintain minimum balance in inoperative account.
v. It was first bi-monthly monetary policy review, next one scheduled for June 3.
1. Repo Rate – 8% (Unchanged)
2. Reverse Repo– 7% (Unchanged)
3. CRR – 4% (Unchanged)
4. SLR – 23% (Unchanged)
5. MSF– 9% (Unchanged)
6. Bank Rate – 9% (Unchanged)
Note: i. Economic growth for 2014-15 expected at 5.5%.
ii. CAD expected to come down to 2% of GDP in 2014-15.
iii. Retail inflation expected to be under 6% in 2014.
iv. RBI asks banks not to charge penalty for failure to maintain minimum balance in inoperative account.
v. It was first bi-monthly monetary policy review, next one scheduled for June 3.
2. World Bank has projected an economic growth rate of 5.7% in 2014-15 for India:
World Bank projected an acceleration of growth (factor costs) in FY 2014 to 4.8%, further increase to 5.7% in FY 2015
World Bank projected an acceleration of growth (factor costs) in FY 2014 to 4.8%, further increase to 5.7% in FY 2015
3. Panel headed by Anand SInha for benchmark floating interest rate
RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest rate, especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR).
RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest rate, especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR).
4. SBI launches 3 Digital banking facilities for its customers”
i. Tab Banking for Saving A/C – Opening Savings a/c at Customer’s door step using tablet PC provided to the Bank’s Sales Staff (who visit the Customer’s home).
ii. TAB Banking for Home Loan – In-principle approval for the home loan at customer’s door step using tablet PC provided to the Bank’s Home Loan Sales Team which will capture on the tablet KYC details and details.
iii. e-KYC – Generates e-KYC (Know Your Customer) identity document. Fingerprints of the customer will be captured and sent to UIDAI (Unique Identification Authority of India) for authentication of identity and address proof. On successful authentication from UIDAI, the e-KYC service will act in response to display demographic details like [Name, year/date of birth, Gender, Address, Phone, email (if available)] and photograph.
Note: These facilities will offer ease and time saving to the customer for opening accounts with SBI bank.
5. RBI grants ‘In-Principle’ banking licenses to IDFC and Bandhan
RBI has granted “in-principle” banking licences to Infrastructure Development Finance Company (IDFC) and microfinance lender Bandhan Financial Services Ltd.
The declaration was made by RBI after nod from the Election Commission. These are the first licences to be awarded by RBI since 2003-04.
RBI has granted “in-principle” banking licences to Infrastructure Development Finance Company (IDFC) and microfinance lender Bandhan Financial Services Ltd.
The declaration was made by RBI after nod from the Election Commission. These are the first licences to be awarded by RBI since 2003-04.
RBI constituted Bimal Jalan panel scrutinized the applications for new bank licences.
Note: The in-principle approval by RBI is valid for ONLY 18 months.
During this 18 month-period IDFC and Bandhan Financial Services Ltd will have to meet all RBI rules and guidelines in order to secure a permanent licence to start banking activities.
6. RBI extends deadline on capital norms under Basel III
RBI extended deadline for banks to implement Basel III capital norms up to March 31, 2019, instead of March 31, 2018. With the extension, the RBI has also revised deadline for for meeting Minimum Common Equity Tier 1 and Capital conservation buffer (CCB).
RBI extended deadline for banks to implement Basel III capital norms up to March 31, 2019, instead of March 31, 2018. With the extension, the RBI has also revised deadline for for meeting Minimum Common Equity Tier 1 and Capital conservation buffer (CCB).
Note: i. Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector.
ii. In terms of Basel III capital regulations issued by the RBI, the Capital Conservation Buffer (CCB) will be implemented from March-end 2016 (against March-end 2015 earlier). Consequently, the Regulations will be fully implemented as on March-end 2019 (against March-end 2018 earlier).
iii. Basel series of norms refer to a broad supervisory standards formulated by Basel Committee on Banking Supervision (BCBS) to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses.
ii. In terms of Basel III capital regulations issued by the RBI, the Capital Conservation Buffer (CCB) will be implemented from March-end 2016 (against March-end 2015 earlier). Consequently, the Regulations will be fully implemented as on March-end 2019 (against March-end 2018 earlier).
iii. Basel series of norms refer to a broad supervisory standards formulated by Basel Committee on Banking Supervision (BCBS) to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses.
7. Kotak Mahindra Bank links current accounts to Twitter
The private lender bank, Kotak Mahindra launched a new current account product that will enable the account holders to undertake 21 services viz. cheque book requisitioning, checking last few transactions, etc, and using their Twitter accounts.
Note: i. For the activity of listed service, the bank customers have to use the dedicated hashtags (#).
ii. The account christened ‘Jifi’, also involves a host of loyalty-based reward points accrued from merchant transactions carried out using the account, referrals made and ‘sharing and commenting’ of tweets/updates.
Note: The bank has integrated all their systems with their core bankingsoftware and can seamlessly throw up the required result into the account holder’s Twitter handle as a direct message.
The private lender bank, Kotak Mahindra launched a new current account product that will enable the account holders to undertake 21 services viz. cheque book requisitioning, checking last few transactions, etc, and using their Twitter accounts.
Note: i. For the activity of listed service, the bank customers have to use the dedicated hashtags (#).
ii. The account christened ‘Jifi’, also involves a host of loyalty-based reward points accrued from merchant transactions carried out using the account, referrals made and ‘sharing and commenting’ of tweets/updates.
Note: The bank has integrated all their systems with their core bankingsoftware and can seamlessly throw up the required result into the account holder’s Twitter handle as a direct message.
8. Bank of India (BoI) launched Instant Money Transfer (IMT) scheme
The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank. In other words, the IMT scheme allows customers to withdraw cash without using either debt card or credit card at BoI’s IMT-enabled ATMs.
Chairman and Managing Director of Bank of India is V. R. Iyer.
The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank. In other words, the IMT scheme allows customers to withdraw cash without using either debt card or credit card at BoI’s IMT-enabled ATMs.
Chairman and Managing Director of Bank of India is V. R. Iyer.
9. RBI hiked trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction
The Reserve Bank of India (RBI) hiked the trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction with immediate effect and also increased the number of transaction handled by exchange houses.
The hike in per transaction is on the review of the permitted transactions under the Rupee Drawing Arrangements (RDAs).These changes have been included in the Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses.
The Reserve Bank of India (RBI) hiked the trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction with immediate effect and also increased the number of transaction handled by exchange houses.
The hike in per transaction is on the review of the permitted transactions under the Rupee Drawing Arrangements (RDAs).These changes have been included in the Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses.
Note: Vostro account (also known as a loro account) is one in which the domestic bank acts as custodian or manages the account of a foreign counterpart.
10. Qatar based Doha Bank announced it’s First branch in Mumbai
Doha Bank announced that it will be opening its first branch at Nariman Point in Mumbai in India. The branch in Mumbai will be opened as a full-fledged bank in May 2014.
Note: Doha Bank is the largest private commercial bank in the state of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar in 1979.
10. Qatar based Doha Bank announced it’s First branch in Mumbai
Doha Bank announced that it will be opening its first branch at Nariman Point in Mumbai in India. The branch in Mumbai will be opened as a full-fledged bank in May 2014.
Note: Doha Bank is the largest private commercial bank in the state of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar in 1979.
11. Ms Lakshmi Swaminathan : Became first Indian President of Administrative Tribunal of the ADB
Ms. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian Development Bank (ADB) for three years. Ms. Swaminathan is the seventh president of the Tribunal. At present, she is a member of the Panel of Arbitrators of several public sector undertakings and NSE.
12. BSE launched Institutional Trading Platform (ITP) on SME
Ms. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian Development Bank (ADB) for three years. Ms. Swaminathan is the seventh president of the Tribunal. At present, she is a member of the Panel of Arbitrators of several public sector undertakings and NSE.
12. BSE launched Institutional Trading Platform (ITP) on SME
The Bombay Stock Exchange (BSE) launched an Institutional Trading Platform (ITP) to helpSmall and Medium Enterprises (SMEs) and start-up companies to list on the bourses without an Initial Public Offer (IPO). BSE Ltd set up the BSE SME Platform as per the rules and regulations laid down by SEBI.
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