This IBPS Guide will give you Preparation Material, List of Books, access to FREE study material and solve every question you have on IBPS
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What information you will Find in this Post about IBPS?
- IBPS full form, IBPS Guide its operations, what it covers.
- Everything about the Jobs that you can get through IBPS – PO, Clerk, Specialist officers, RRB Officers and more.
- Detailed eligibility criteria for all the above posts.
- Eligibility criteria are for people with disabilities.
- List of the banks that recruit via the IBPS Exams.
- A step by step guide to IBPS online application for the recruitment exam.
- Guidelines for photograph and signature that need to be uploaded to the registration form.
- Methods of fee payment.
- Useful information regarding Admit Cards issued by the Institute of Banking Personnel Selection.
- Detailed IBPS Exam Pattern of CWE.
- Free Exam Preparation Materials and Mobile App for IBPS
- IBPS syllabus for all posts.
- A detailed analysis of past year’s question papers, including questions from the same.
- Previous Years Solved Question Papers with Answer Key.
- What books to refer when preparing for IBPS CWE Exams.
- How the Cut-Off marks are arrived at for screening candidates and section wise cut-offs.
- Useful tips for the personal interview and group discussion rounds, including what you should or should not do.
- A brief about the job allotment procedure followed by IBPS, once candidates have been selected.
The word IBPS is an acronym or a word which has a full form, and how it is used in day-to-day life, so firstly it would be good to start from this term itself. IBPS full form is Institute of Banking Personnel Selection. It is a premier institute in India which is autonomous in operation and leads in providing services in the area of Human Resource to its clients, mainly banks. IBPS started its operation in 1975 and became an independent entity with the permission of Reserve Bank of India in 1984.
The governing board consists of nominees who are experts in various fields, from Reserve Bank of India, Ministry of Finance of Government of India, representatives of public sector banks, insurance and academic institutions. The matters related to policy and affairs are vested in the governing board.
IBPS has a team of experts from the areas of Psychology, Psychometrics, Educational Measurement, Information Technology and Human Resource Research and Studies. It is known for its role in testing candidates applying for varied posts in Government Banks. It conducts common online exam to huge masses at once, throughout India in over 200 cities. It extended its services beyond banking and provides human resource to insurance, state and Central Government departments and public sector units, private corporations and academic institutions. Over one crore graduates took the exam in the year 2013-2014; that should be no surprise in a country like ours, where tens of lacs of graduates come into the market every year.
Coming to bank exams, the Common Written Evaluation (CWE) conducted by IBPS is a must for anyone who wants to take up a job in any public sector and Regional Rural Banks in posts varying from clerk, probationary officer and management trainee. The applications are invited from the eligible candidates on its website and the exams are organized through online mode at various locations all over India.
According to official statistics from the IBPS website, in the last three years, the maximum applications have been received for the IBPS – CWE (PSBs). These account to a massive 1,22,18,733 applications. The second position is again firmly held by public sector banks with another 99,53,863 applications. These numbers clearly indicate the importance of the IBPS recruitment exams and their popularity among the applicants.
Also if you need to get started with your IBPS Recruitment, then click here for details.
The eligibility criteria is a university degree, thus making it an option for all the graduates in the country. There is an age condition too and also relaxations are provided for some special categories which we will discuss in detail in the course of this post. There is a special eligibility criteria for candidates applying to specialist cadres, they must have a professional degree in law, accounts, agriculture and more. A certificate of knowledge in operation of computers is mandatory for candidates applying to posts other than specialists posts. Here is a short and brief description of post’s for which IBPS sends out notifications every year.
- CWE Probationary Officer or MT: It is conducted to fill the vacant positions of Probationary Officers or that of Management Trainees. The Common Written Exam (CWE) is held for selection of qualified personnel for the posts of specialist officers. This cadre of specialist officers include Scale I – I.T. Officers, Agricultural Field Officers, Law Officers, HR (human resource) or Personnel Officers, Rajbhasha Adhikaris, Marketing Officers, as well as Scale II- Chartered Accountants and Finance Executives.
- CWE Clerk for Clerical cadre – The common written exam for recruitment of clerical staff is also conducted as part of the IBPS exams. Available vacancies are filled by the eligible and competent, successful candidates in any one of the participating organizations, according to the government norms and guidelines on the provided reservation policies, administrative convenience, so on and so forth.
- CWE RRB Officers and Assistants – It is conducted periodically by IBPS for Recruitment of Officers as well as Office assistants to the Regional Rural Banks (RRBs) that are governed by NABARD, i.e. The National Bank for Agriculture and Rural Development. Co- operative banks may also recruit successful and competent candidates based on their score in this examination.
Useful References: Exam Patterns and Recruitment Process
Please refer the detailed posts on IBPS Exam Pattern changes or IBPS New Pattern over here.
Some of the banks which recruit under IBPS are:
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab and Sindh Bank
- State Bank of India.
There are many more public sector, private sector and co-operative banks which recruit under IBPS, and the above listed are just a few of them. More over the exam pattern is so set that the candidate is tested in all relevant area’s irrespective to the background of his/her graduation, giving a level playing field for everyone. IBPS follows the interest of Government of India in providing reservation and allowances to candidates to whom such exceptions apply.
The exam conducted by IBPS is deemed important for selection in not only the banks which are the clients of this huge administration but also many private sector banks, which take into account the score of the candidate in IBPS if they are applying to a private bank. Many finance and marketing companies prefer candidates with good IBPS score. So even if you fail to make the merit list due to huge competition the score will help you to get into some reasonable job in the private sector. If you are passionate about teaching then you can become a faculty member in any international school since their managements are looking for the candidates who have qualified in some analytical tests such as the IBPS.
So keeping in view, the above discussed points it can be said that among many other exams, if cleared, IBPS has many advantages over lot others.
Useful References: Complete List of Banks in India that recruit via IBPS
To know the Complete list of Banks (Private and Public Sector) which accept IBPS score for recruitment please check here.
Bank exams are the most suitable exams for all graduates, because the basic eligibility criteria demanded by most of the banks is a degree from any recognized university. But some jobs especially the job of a PROBATIONARY OFFICER requires additional qualifications.Here is a table which will give you detailed requirements of almost all important bank exams including Government Bank Exams.
Basic Eligibility Criteria:
|IBPS – CWE (PO/MT)For PSB’s||20-30||Degree from any recognized university from any discipline or any equivalent qualification.|
|IBPS CWE officers for RRB’s||Officer Scale III – 21-40
Officer Scale II – 21-32
Officer Scale I – 18-28
|Degree from any recognized university from any discipline or any equivalent qualification. (50% for scale II and scale III officers). Degree / PG in relevant subjects as mentioned in notification. For some post’s experience is also required.|
|SBI AND ASSOCIATE BANKS. PO||21-30||Degree from any recognized university from any discipline or any equivalent qualification.|
|IBPS CWE for PSB’s||20-28||Degree from any recognized university from any discipline or any equivalent qualification.|
|IBPS CWE office assistant s for RRB’s||18-28||Degree from any recognized university from any discipline or any equivalent qualification. Proficiency in local language is mandatory|
|SBI and associate banks clerks||20-28||Degree from any recognized university from any discipline or any equivalent qualification.|
Other Eligibility Criteria:
While some banks insist that the candidate must posses basic computer usage skills beforehand, some banks ask the candidate to acquire the required skills within six months of joining. If the candidate has not studied computers as a subject in his/her graduation then a certificate in basic computer knowledge is compulsory.
Recruitment of clerical cadre posts will be state wise. So the candidate may be asked to have proficiency in the official language of the respective state or union territory. The same applies to office assistants (clerks) and scale-I officers of REGIONAL RURAL BANKS. The candidate is required to have passed in matriculation/ X standard with the local language as one of the subjects.
- Age relaxation and reservations will be applicable as per the interests and rules of government of India.
- Relaxation in educational qualification may also be applicable as per the rules of government of India.
- The number of attempts for candidates is limited to the eligibility criteria and as long as the candidate satisfies the eligibility criteria, he/she can apply.
- For the candidates belonging to SC/SC(PWD)/ST/ST(PWD) there is no restriction on number of attempts.
- For SBI bank exam. The upper age limit in case of SC/ST/EX-Servicemen (including short service commissioned, emergency commissioned officer etc.) has been relaxed up-to five years.
Nationality or Citizenship:
A candidate must be either of the following:
- A citizen of India
- A subject of Nepal
- A subject of Bhutan
- A Tibetan refugee who came over to India before first of January 1962 with the intention of permanently settling in India
- A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, east African countries of Kenya, Uganda, The united republic of Tanzania (formerly known as Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the intention of permanently settling down in India, provided that a candidate belonging to above mentioned parameters shall be a person in whose favor a certificate of eligibility has been issued by the Government of India.
Criteria for Persons with Disabilities:
Under Section 33 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act 1995 only such persons would be eligible for reservation who suffer from not less than 40% of relevant disability and are certified by a Medical Board appointed by the Central/State Government.
Accordingly, candidates with the following disabilities are eligible to apply. Applicants claiming such benefits should produce certificate in original in support of their claim at the time of Interview conducted by a particular Bank, if called by the Bank
Visually Impaired (VI)
Blindness refers to condition where a person suffers from any of the following conditions namely
- Total absence of sight.
- Visual acuity not exceeding 6/60 or20/200 (swollen) in the better eye with correcting lenses.
- Limitation of the field of vision subtending in angle of 20 degrees or worse. Low vision means a person with impairment of visual functioning even after treatment or standard refractive connection but who uses or is potentially capable of using vision for the planning of execution of a task with appropriate assistive device.
Deaf & Hearing Impaired (HI)
The deaf are those persons in whom the sense of hearing is non- functional for ordinary purposes of life i.e. total loss of hearing in both ears. They do not hear, understand sounds at all even with amplified speech. Hearing impairment means loss of sixty decibels or more in the better ear in the conversational range of frequencies.
Orthopedically Challenged (OC)
Loco motor Disability means disability of bones, joints or muscles leading to substantial restriction of the movement of the limbs or any form of cerebral palsy.
Cerebral Palsy means a group of non-progressive conditions of person characterized by abnormal motor control posture resulting from brain insult or injuries occurring in the pre-natal, per-natal or infant period of development. All the cases of Orthopedically Challenged Persons would be covered under the category of ‘Loco motor disability or cerebral palsy’.
Guidelines for Persons with Disabilities using a Scribe:
The visually impaired candidates and candidates whose writing speed is affected by cerebral palsy can use their own scribe at their cost during the written examination. In all such cases where a scribe is used, the following rules will apply.
- The candidate will have to arrange his own scribe at his/her own cost. The academic qualification of the scribe should be one grade lower than the stipulated criteria.
- The scribe should posses lesser marks than the candidates and not more than 60% marks in his/her own academic stream. The scribe may be from any academic stream.
- Both the candidates as well as scribes will have to give a suitable undertaking confirming that the scribe fulfills all the stipulated eligibility criteria for a scribe mentioned above. Further in case it later transpires that he/she did not fulfill any laid down eligibility criteria or suppressed material facts the candidature of the applicant will stand cancelled, irrespective of the result of the written examination.
Such candidates who use a scribe shall be eligible for extra time of 20 minutes for every hour of the examination.
Some banks may change the eligibility criteria and also some mentioned rules and regulations every year and vary them according to post and scale. So candidates are advised to go through the notifications in detail before applying to any of the govt jobs in India.
Filling the application for IBPS CWE 2015 is not as tedious as it sounds, but it can be difficult if you don’t have complete knowledge of how to fill it, the most asked question by the candidates appearing for the first time is “How to fill the online application of IBPS CWE?”. So here is one simple guide which will answer all of your queries regarding IBPS CWE online application.
Before applying for the IBPS exam 2015, make sure that you go through the IBPS notification in detail. Because the eligibility criteria might slightly differ from post to post and also depending upon the reservation category of the aspirant. Requirements like, certificate in basic computer knowledge is mandatory for posts like PO and MT but not required for aspirants applying for Specialist Cadre post. The local language proficiency is also must for some posts while it can be neglected for some. The candidate must have a clear idea of the requirements and must procure all the necessary certificates before he/she decides to apply.
To apply online Candidates should visit the official website of IBPS (www.ibps.in) and click on the Home Page to open the link “CWE PO/MT” and then click on the option “CLICK HERE TO APPLY ONLINE FOR CWE – PROBATIONARY OFFICERS/ MANAGEMENT TRAINEES (CWE-PO/MT-IV)” to open the On-Line Application Form.Ibps-in-Entrance-Exam-Online-Registration-Application-Form-2014-1024×566
Candidates will have click on “CLICK HERE FOR NEW REGISTRATION” to register their application by entering their basic information in the online application form. After that a provisional registration number and password will be generated by the system and displayed on the screen. Candidate should note down the Provisional registration number and password. An Email & SMS indicating the Provisional Registration number and Password will also be sent. They can reopen the saved data using Provisional registration number and password and edit the particulars, if needed.
The window which will appear in front of you, will have headings like Basic info, Photo and Signature, Details etc. so you will have to follow a step by step procedure. While filling the form you may face a little difficulty at some critical points. So we will discuss in detail how it works. Getting started you will face a dilemma while you upload a photo and signature because IBPS has placed some guidelines and criteria for it.
There are certain things you need to keep in mind regarding your Photographs and Signature that are crucial.
- The photograph must be a newly taken passport photo.
- Ensure it is a color photo taken against a light background preferably white or blue
- If you are taking a photo with flash light the make sure there is “no-red eye”.
- If you are taking it in the sun then adjust yourself so that sun is in the background.
- Look straight at the camera with a relaxed face
- Glasses, caps and anything which covers your face is not allowed.
- Religious headwears are allowed but must not cover your face.
- Size of the photo must be 200×230 pixels (preffered).
- Size of the file must be 20-50 kb.
- If the size of the file exceeds 50 kb then adjust the scanner settings while scanning like resolution, DPI etc.
After uploading the photo next you will be asked to upload a signature.
- The applicant must sign on a white paper with black pen.
- The signature must be done by the applicant only.
- The signature will be use
- In the hall ticket and where ever necessary.
- If the signature of the applicant in the answer sheet does not match with the one in application he/she will be disqualified.
- The dimensions must be 140×60 pixels (preferred).
- The size of the file must be 10 kb – 20 kb and must not exceed the limit.
Bank Preference Order:
A similar confusion arises when you will be asked to set your bank preference order. Let us see how to make it simple. This must be done assuming that you are already selected. Because IBPS caters to huge number of banks all over India. More over the exam is conducted all over the country which will recruit candidates from various states. So to streamline the allotment process, IBPS asks the candidates to give their choice of preference. You will have to go through the list and give the order in descending order. Make sure that you have a choice list before you apply (not required for SBI and RRB).
Paying the Fees
The exam fees for the year 2014 is INR 600 for general category and 100 INR for reserved communities (SC/ST/ex-servicemen/disabled). If eligible a candidate can apply for RRB assistant and one of the three officer cadre posts. However he has to fill the forms differently and has to pay the fees for both.
The payment can be made both in online and offline mode. This option comes to you at the end of the process.
If you want to pay Online then click that option and it will take you to the IBPS online payment page.
- In offline mode select the bank in which you want to pay the chalan and download the chalan form, fill it and you will be issued a temporary registration ID and password.
- Wait for two working days until you pay the fees. Then make the payment and keep the candidates copy with you and get it signed by the bank for future use.
- After two days the website will acknowledge your payment and you can use your registration number to download latest updated files.
- The application process must be filled within 20 minutes, so make sure that you have the photo, signature and all necessary certificates before going to apply.
- Press the recheck button and make sure that you have filled all the standard boxes.
- Once you have paid the fees. A message will be sent to your mobile and email id.
- Download the online payment slip and if you are paying offline then download the chalan slip.
All the candidates are required to take a full page print out of their application, irrespective of their payment mode. And preserve it for future use.
After IBPS has completed the application process. The institute will release admit cards to candidates whose applications are approved for the online CWE exam. These are just the hall tickets for your exam which are issued by IBPS. The release date of admit cards will be announced by IBPS on its official website www.ibps.in. So candidates are advised to stay in touch with this website.
- On the exam day, candidates have to carry their admit card along with a photo identity such as licence, Adhaar card, pan card. With their photo on it.
- Ration cards are not accepted as identity proofs, so please make a note of it. Because if you fail to take the correct photo identity then you may not be allowed to take the exam.
- The original photo identity is a must along with a photo copy of it. Usually candidates are advised and it is best to carry two photo identities along with two or more photo copies of the same.
- Carry two or more photographs also for precautionary causes.
- The name on the photo identity must and should match the name on the admit card, along with the first name and last name. No reasons will be accepted if there is any mismatch between the names. This may lead to expulsion of candidate from the exam.
- The usual mismatch found is with the first name. If your name is “Sree Hari” then make sure that the photo identity says the same instead of “S Hari”, for instance.
- Go through the instructions given on the admit card. The exact date and time along with the venue of the exam will be mentioned clearly on the admit card.
- To download the admit card, visit the official website of IBPS. You will find appropriate links for the direct download of admit card.
- Enter your registration number and password, given to you at the time of application.
- Your call letter will be displayed infront of you.
- Choose your preferred language, either Hindi or English. Take the print out of your call letter.
- Take multiple print outs for safety and future use.
The common written exam is the first stage of IBPS bank exam. Candidates aspiring for the posts of PO, Clerk and Specialist Officers have to qualify in this exam which is conducted online, to get a call letter for the interview. The exam is conducted all over India in about 200 cities.
The eligibility criteria is a university degree thus making it an option for all the graduates in the country. There is an age limit too and also relaxations are provided for special categories according to the interests of Government of India. There is a special eligibility criteria for candidates applying to specialist cadres, they must have a professional degree in law, accounts, agriculture or any discipline as mentioned in the notification. A certificate in basic knowledge of computers or an equivalent diploma is mandatory for candidates who did not study computers as a subject in their graduation. this certificate is required for candidates applying for posts other than specialist officer posts.
In the past few years with the advent of technology into the day to day life. The scenario of exams have shifted away from the pen and paper method. Many companies even conduct their evaluation tests through online mode. It is of no surprise that the IBPS too chose to make its CWE an online exam.There are many advantages with the online mode. Listing a few of them such as the decreased use of paper and extra vigilance to keep check on the mal practices. The on-line mode of exam offers an enhanced level of security and decreases the evaluation time needed because all the candidates taking the exam are connected to a central server via internet and the huge burden of transporting the question papers to the centre and bringing them back to a common place for evaluation is no more an abstain to get the results quickly and declaring the same. Hence the on-line mode of exam won’t affect your performance provided, you have sufficient practice. Online mock tests are a great way to get the required skill and experience.
CWE tests the candidate in varied subjects irrespective of his/her area of graduation. Thus it provides a level playing field for all the candidates. The main aim of the exam is to churn out serious candidates from the huge pile of applicants. there are some critical points to be noted before attempting the exam, they are.
- Negative marks are awarded in the ratio of 1:4
- The first five subjects mentioned in the below table are objective type exams.
- The papers are conducted in both English and Hindi medium, except for the English Section part.
- Time management is the most important aspect of the exam.
- Attempting as many mock tests as possible will give you the edge over other candidates.
- Current affairs and general knowledge must be prepared with emphasis on banking sector.
CWE paper pattern:
UPDATE: From 2015, the CWE will be conducted in a Two-Tier format with one preliminary exam followed by the Main Exam for PO and Clerk Posts. No change in the Syllabus is intimated. You can find the detailed information here.
Below is the Exam Pattern for the Main Exams
|S.no||Paper||No. of questions||Maximum marks||Time|
|1||Reasoning||50||50||120 mins (2 Hours)|
|4||General awareness(with special focus regarding banking)||40||40|
The syllabus of all the above said papers is clearly stated as given below.
- Verbal Reasoning: Alphabet test, Mathematical Operation test, Classification, Syllogism, Number, ranking and time sequence, Causes and effects, Coding-decoding, Blood relations, Analytic reasoning, Direction sense test, Input output, Statement, Series test, Analogy, Analogy, Odd Man out, Sitting arrangement, Statement and arguments, Statement and action’s courses, Assertion and reasoning, Passage and conclusions, Figure Series, Decision making and conclusions, Statement and assumptions, Word formation
- Non-Verbal Reasoning: Figure series test, Analogy, Odd figures & Miscellaneous test.
Number system, HCF & LCM, Simplifications. Partnerships, Percentage, Ratio and proportions, Average & Ages Ratio & Proportion, Number series, Problems based on numbers. Approximation Wrong Number, Decimal fractions, Square root and cube root, Profit and loss, Simple interest and compound interest, Data tables, Probability, Time and work, Time and distance, Pie charts, Bar graphs, Line graphs, Average, Mensuration. Permutation and combination, Mixed graphs, Case study.
English language section:
Spotting the errors, Phrase substitution, Fill in the blanks, Close Test, Idioms & Phrases, Choosing the appropriate filler, Double blanks in a sentence, Ordering of sentences or jumbled up sentences, Synonyms & antonyms, Reconstruction of sentence & passage, Commonly misspelled words, One word substitution, comprehension.
Indian Economy, International Economy, Banking Terms, RBI, Fiscal Monetary Policies etc., Books & Their Authors, UNO, Marketing, Social Function of Banks, Awards & Honors Sports, Finance, Agriculture etc.
Computer knowledge section:
Basic computer terminology, Basic knowledge of Internet use, Computer abbreviation, Microsoft-office, Software & Hardware questions etc.
So now that you have a fair idea as to how to go about the IBPS CWE for Government Bank Jobs in India, prepare well and prepare well ahead of time.
There are huge number of books and vast amount of material available in the market. But a candidate has to choose certain books which cover the entire syllabus and at the same time provide some test papers.
Useful Resources: Free Exam Preparation Material
To have a better perspective of the Common Written Exam. We can always look into the previous questions. This technique will give us an insight into what we are about to face and also which areas are to be stressed. The general awareness section in all the previous year papers have been testing candidates mainly in the areas related to finance and banking. It is a great mistake done by candidates while preparing for this section. They tend to remember everything from the current affairs. Things like awards, sports and politics need not be given much importance if seen in the exam point of view.
The quantitative aptitude section mainly stresses candidates to attempt more number of questions in the stipulated time. The questions are also framed in such a way that the candidate will only be able to solve them in the given time provided with vigorous practice. The English language section will be very easy and will give the candidate an opportunity to score well. The questions asked will be of basic class X level. Substitution and elimination method may come handy while attempting some of the questions in these sections.
Given below are the questions which appeared in the IBPS common written exam recently.
Current Affairs section
Nilekani Panel Submits Report on Cash Transfer Scheme
UIDAI Chairman Nandan Nilekani submitted the report of the committee headed by him regarding direct transfer of subsidy to the beneficiaries, to the Finance Minister Pranab Mukherjee. The interim report of the task force on direct transfer of subsidies on Kerosene, LPG and Fertilisers suggested creation of a Core Subsidy Management System (CSMS) for maintaining information on entitlements and subsidies for all beneficiaries. The CSMS, as indicated in the report, will provide increased transparency in the movement of goods, level of stocks, prediction and aggregation of demand and identification of beneficiaries.
Nilekani Panel on Cash Transfer Scheme
Highlights of Recommendations Nade in Interim Report Submitted by the Panel
- Phase I: Cap consumption of subsidised cylinders (Policy decision of government and not a specific task force recommendation).
- Phase II: Consumers buy LPG at market price, with direct transfer of subsidy to their bank account.
- Phase III: Identify and target segmented customers for subsidy.
- Phase I: Information visibility up to the retailer level. Phase II: Direct transfer of subsidy to the retailer.
- Phase III: Farmers buy fertilisers at market price, with direct transfer of subsidy to their bank account.
Phase I: Cash transfer through state governments.
Phase II: Cash transfer to accounts of beneficiaries.
Report recommends creation of centralised software for the product and service transfer. The poors have been recommended to get the share of subsidies directly through bank branches, Automated Teller Machines (ATMs), business correspondents, the internet or mobile banking channels. Pilot projects for such direct cash transfers have been recommended to begin in seven places— Tamil Nadu, Assam, Maharashtra, Haryana, Delhi Rajasthan and Orissa—from October 2011.
Country’s Exports Register 45.7% Growth in Q 1 Of 2011-12:
Country’s exports in June 2011 rose for the third month in a row by growing 46.4 per cent to $ 29.2 billion, driven by high-end products such as engineering goods. Imports increased 42.4 per cent to $ 36.2 billion. About one-third of this import bill was accounted for by petroleum, oil and lubricant. This resulted trade deficit at $ 7.7 billion.
During the first quarter of 2011-12 (i.e. April- June 2011), exports rose 45×7% to $ 79 billion. With imports growing 36×2% to $ 110.6 billion, the trade deficit stood at $ 7.7 billion.
Export sector’s good performance was well supported by various industries like engineering, oil, electronics, drugs, chemicals and readymade garments. The main components in the import bill on the other hand were oil, gold and silver, machinery, electronics and pearls/ precious stones. Oil import bill has been a major head in country’s total import bill. During the first quarter of 2011-12, oil imports rose 18 per cent to $ 30.5 billion and it is projected to be around $ 120-130 billion during the entire financial year 2011-12. Machinery imports valued at $ 9 billion showing 49 per cent growth. With 71 per cent growth electronics imports went to $ 7.6 billion.
It may be recalled that during last year 2010-11, merchandise exports had grown 37.55% to $ 246 billion compared with 2009-10 while imports were up 21.6 per cent at $ 350 billion, resulting trade deficit at $ 104 billion.
The government has set a target of $ 500 billion worth of exports by 2014 and doubling of India’s share of global exports by 2020.
RBI Asks Government To Improve Expenditure Quality:
RBI in its quarterly review of Monetary and Credit Policy 2011-12 pointed out the risk of high fiscal deficit pushing up inflation and consequently it suggested central government to improve the quality of expenditure to contain demand in the economy.
|Trade Figures (Ap11)|
|Exports–The Break-up||Imports–The Break-up|
|Sector||Value ($ b)||(% growth)||Sector||Value ($ b)||(% growth)|
|Gems &jewellery||9.25||19||Gold & silver||17.7||200|
|Manmade yarn & fabrics||1.2||30||Electronics||7.6||71|
|Cotton yarn & fabrics||1.5||9.1||Chemicals||4.5||19|
|Drugs & pharma||3.08||25||Iron & steel||2.7||-10|
|Plastics & linoleum||1.5||50||Ores & scrap||3.4||37|
|Mica, coal & ores||2.7||270||Resins & plastics||1.8|
As per RBI’s viewpoint, the large fiscal deficit has been a key source of demand pressures, therefore, fiscal consolidation is critical to maintain inflationary pressure in the economy. The government can support RBI’s efforts to achieve low and stable inflation by re-allocating resources to finance supply bottle-necks in food and infrastructure.
|Outstanding Liabilities and Gross Fiscal Deficit(as % of GDP)|
|Year||Outstanding Liabilities||Gross Fiscal Deficit|
Despite the hike in administered prices of fuel products, RBI still finds an element of suppressed inflation in the economy. As per RBI’s estimates, about 1 per cent of gross domestic product is still to be financed and becomes a major portion of this subsidy Bill. This subsidy Bill will result in inflationary pressure which, according to RBI is a major concern on the part of the government.
Food Accounts Largest Share in Consumer’s Spending : NSSO
NSSO’s 66th round of survey household consumer expenditure reveals that Indians are still spending a major chunk of their expenditure on food items. The survey, covering the period from July 2009 to June 2010 shows an average rural household to have allocated 53.6 per cent of its monthly consumption expenditure on food items. The corresponding share for urban household was less, at 40×7 per cent. According to the latest figures on consumption expenditure, per capita consumption expenditure in a month was 88 per cent more in case of urban India compared to rural. India during 2009-10, a trend which was more or less five years ago.
|Share of Food in Total Consumption Expenditure (in%)|
Per capita expenditure on consumption for the bottom 10 per cent of the people in rural areas was five times less than the top 10 per cent of the people while in case of urban parts, it was 10 per cent less.
Survey results show that cereals still make up the largest chunk of an average Indian household’s consumption budget—15.6 per cent in rural and 9.1 per cent in urban areas.
This is followed by fuel and light (9.5 per cent in rural and 8 per cent in urban), milk and milk products (8.6 per cent and 7.8 per cent), vegetables (6.2 per cent and 4.3 per cent) and clothing (4.9 per cent and 4.7 per cent).
The survey has estimated the all-India average monthly per capita expenditure at Rs. 1,053.64 in rural and Rs. 1,984.46. The States among the top in spending are Kerala (Rs. 1,835.22 in rural and Rs. 2,412.58 in urban
areas), Punjab ( 1,648.92 and Rs. 2,108.79), Haryana (Rs. 1,509.91 and Rs. 2,321.49) and Maharashtra (Rs. 1,152.79 and Rs. 2,436.75).
The States at the bottom of the consumption chart are Bihar (Rs. 780.15 and Rs. 1,23754), hhattisgarh (Rs. 783.57 and Rs. 1,647.32), Orissa (Rs. 818.47 and Rs. 1,548.36) and Jharkhand (Rs. 825.15 and Rs. 1,583.75).
Institutional Credit Disbursement to Agriculture Sector Shows Big Rise in 2010-11:
Institutional credit disbursement to agriculture sector during 2010-11 registered a big rise. As against the target of Rs. 3,75,000 crore for agriculture credit in 2010-11, the banking system disbursed Rs.4,26,531 crore to the agriculture sector, thereby exceeding the target by around 13.7 per cent. As per the data released by the Ministry of Agriculture, out of the total disbursed credit of Rs. 4,26,531 crore, Commercial Banks, Cooperative Banks and Regional Rural Banks contributed Rs. 3,14,182 crore, Rs. 69,076 crore and Rs. 43,273 crore respectively. Thus during 2010-11, the share of Commercial Banks, Cooperative Banks and Regional Rural Banks in total disbursed credit stood at 73.7 per cent, 16.2 per cent and 10.1 per cent respectively.
During 2009-10, as against the target of Rs. 3,25,000 crore for agriculture credit, the banking system disbursed Rs. 3,84,514 crore to the agriculture sector, thereby exceeding the target by about 18 per cent. For the financial year 2011-12, the target of disbursing agriculture credit to farmers in Rs. 4,75,000 crore. It is worth noting that government is providing concessional crop loans to farmers from the year 2006-07. The farmers who repay loans well in time get concession on their crop loans. In 2009—10, this concession was 1% which was raised to 2% in 2010- 11. For 2011-12, it now stands at 3%.
|Flow of Institutional Credit to Agriculture Sector
(in Rs. crore)
|Target||Actual Credit Disbursement||Target||Actual Credit Disbursement|
|Regional Rural Banks||30,000||35,217||40,000||43,273|
- Which one of the following Public Sector Organisations has offered largest ever equity offer ?
2. Coal India
3. Power Grid
4. Shipping Corporation of India
5. None of these
- Through which one of the following sources domestic funds are raised by Companies ?
(a) IPO only
(b) FPO only
(c) Commercial papers
1. Only (a) and (b) 2. All (a), (b) and (c)
3. Only (a),and (c) 4. Only (a)
5. Only (c)
- Which one of the following was the reason owing to which Govt. want Reserve Bank of India to tighten prudential norms for NBFCs?
1. To reduce liquidity in the market
2. It is as per Basel II requirements
3. It is as per Bank for International Settlement (BIS) directives
4. It is to protect NBFCs from any impact of possible economic slowdown
5. None of these
- In the financial year 2009-10, which one of the following Banks has made highest Total dividend Payout?
1. SBI 2. PNB
3. Bank of India 4. Canara Bank
5. None of these
- In respect of which one of the following countries, India has proposed non payments for import of crude oil ?
1. Iran 2. Iraq
3. Kuwait 4. Sudan
1.(2) 2.(3) 3.(4) 4.(5) 5. (1)
- The sum of three consecutive natural numbers each divisible by 3 is 72. What is the largest among them?
4. 30 5. 26
- The numerator of a non-zero rational number is five less than the denominator. If the denominator is increased by eight and the numerator is doubled, then again we get the same rational number. The required rational number is:
- Find the greatest number that will divide 640, 710 and 1526 so as to leave 11, 7, 9 as remainders respectively.
- Jayesh is as much younger than Anil as he is older than Prashant. If the sum of the ages of Anil and Prashant is 48 years, what is Jayesh’s age in years?
- A bag contains one rupee, 50-paise and 25-paise coins in the ratio 2 : 3 5. Their total value is Rs. 114. The value of 50 paise coins is:
1. Rs. 28
2. Rs. 36
3. Rs. 49
4. Rs. 72
5. Rs. 50
Directions: Read the following information carefully and answer the questions given below:
A famous museum issues entry passes to all its visitors for security reasons. Visitors are allowed in batches after every one hour. In a day there are six batches. A code is printed on entry pass which keeps on changing for every batch. Following is an illustration of pass-codes issued for each batch.
Batch I: clothes neat and clean liked are all by
Batch II: by clothes neat all are and clean liked
Batch III: liked by clothes clean and neat all are and so on…
- If pass-code for the third batch is ‘night succeed day and hard work-to for’, what will be the pass-code for the sixth batch?
(1)work hard to for succeed night and day
(2)hard work for and succeed night to day
(3)work hard for to succeed night and day
(4)hard work for to succeed night and day
(5) None of these
- If ‘visit in zoo should the time day’ is the pass-code for the fifth batch, zoo we the should visit day time in’ will be the pass-code for which of following batches?
- Sanjay visited the museum in the fourth batch and was issued a pass-code ‘to fast rush avoid not do very run’. What would have been the pass-code for him had he visited the museum in the second bitch?
(1)rush do not avoid to run very fast
(2)rush not do-avoid to run very
(3)avoid rush not do to run very fast
(4) Date inadequate
(5) None of these
- Subodh went to visit the museum in the second batch. He was issued a pass-code ‘length the day equal of an night are’. However, he could not visit the museum in the second batch as he was a little late. He then preferred to visit in the fifth batch. What will be the new pass-code issued to him?
(1)and of are night the length equal day
(2)and are of night the length equal day
(3)and of are night the equal day length
(4 )and of are the night length day equal
(5) None of these
Direction: In the following passage, there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, four words are suggested. One of which fills the blank appropriately. Find out appropriate word in each case.
The Reserve Bank has taken a bold (1) in the development of money, the government securities and the foreign exchange markets in (2) of their critical role in overall growth and development of the economy and (3) in the transmission mechanism of monetary policy. The approach has been one of simultaneous movements on several fronts, graduated and callibrated, with an (4) on institutional and infrastructural development and improvements in market micro structure. The pace of reforms was contingent (5) putting in place appropriate systems and procedures, technologies and market practices. Initiatives taken by the Reserve Bank have brought about a (6) transformation of various segments of the financial market. These developments by improving the depth and liquidity in domestic financial markets have (7) to better price discovery of interest rates and exchange rates, which, in turn, have led to greater (8) in resource allocation in the economy. The increase in size and depth of financial market has (9) the way for (10) use of indirect instruments.
- (1) interest
(5) None of these
- (1) point
(5) None of these
- (1) decisively
(5) None of these
- (1) equilibrium
(5) None of these
- (1) by
(5) None of these
- (1) trivial
(5) None of these
- (1) addressed
(5) None of these
- (1) measures
(5) None of these
- (1) paved
(5) None of these
- (1) revolutionised
(5) None of these
- (3 ) 2. (4) 3. (4) 4. (2) 5. (4) 6. (4) 6. (2) 7. (1) 8. (1) 9. (3) 10.(3)
- Buffer is device/storage area–
1. Where data are temporarily stored
2. Where data is permanently stored
3. Where data error occurs
4. All of the above5. None of these
- A network geometric arrangement in which a single connecting line is shared by a number of nodes is called–
1. Car Topology
2. Bus Topology
3. Truck Topology
4. All of the above
5. None of these
- An error in a computer program is referred as–
4. All of the above
5. None of these
- Circuits that provide a communication path between two or more devices of a digital computer system is–
4. All of the above
5. None of these
- A fixed number of adjacent bits that represent a particular character or symbol are referred as–
4. All of the above
5. None of these
- Cache memory is a–
1. Small buffer storage
2. Permanent storage
3. Main memory
4. All of the above
5. None of these
- The total number of digits (symbols) available to represent numbers in a positional number system is referred as–
1. Number system
4. All of the above
5. None of these
- Cache memory is–
1. Smaller and faster than main storage
2. Bigger and slower than main storage
3. Smaller but slower than main memory
4. Bigger and faster than main memory
5. None of these
Books to refer for IBPS Exams:
Check this to get a list of Recommended Books for IBPS Exams – Click Here
Give importance to the books which provide more number of practice papers. the real trick lies in managing the time for given number of questions. since it is an objective type exam, marks will be awarded only for the correct answer unlike in the conventional type where handwriting and presentation are also important. So try spending as minimum amount of time possible on a single question. The more number of mock test’s you attend the more amount of practice you get. Take time to go through the above said books and start preparing from those which you are comfortable with, in terms like language and presentation style.
After completing the IBPS common written exam. The candidates are graded according to the guidelines issued by IBPS. This standard score is called TWSS score which can be abbreviated as TWSS-total weighted standard score.
I. Process for Arriving at Standard Scores in the Common Written Examination
The Standard Scores are obtained by adopting the following procedure:
(i) Number of questions answered correctly by a candidate in each objective test is
considered for arriving at the Corrected Score after applying penalty for wrong
(ii) The Corrected Scores so obtained by a candidate are made equivalent to take care
of the minor difference in difficulty level, if any, in each of the objective tests held
in different sessions to arrive at the Equated Scores*.
(iii) The Equated Scores so obtained are standardized** to arrive at Final Standard
Score with a minimum ‘0’ and maximum ‘50’ by following Linear
This procedure is followed for each of the tests.
* Scores obtained by candidates on any test are equated to the base form by considering the distribution of
scores of all the forms.
** The equated scores in each test are scaled to Standardized Scores with Mean 25 and Standard Deviation 5
II. Maximum marks and Cutoffs in Each Objective Test and Descriptive Paper
|Sr.no||Name of the Test||Maximum Standard Score||Minimum Qualifying Standard score SC/ST/OBC/PWD||Minimum Qualifying Standard Score General|
|1||Test of Reasoning||50||6||10|
|2||Test of English Language||40||3||6|
|3||Test of Quantitative Aptitude||50||4||6|
|4||Test of General Awareness||40||6||8|
|5||Test of Computer Knowledge||20||5||7|
III. Process for Arriving at Total Weighted Standard Score in the Common Written Examination
Total Weighted Score = Standard Scores obtained in (Reasoning + Quantitative Aptitude + General Awareness+ Computer Knowledge + English Language)
Useful Resources: Understanding IBPS Cut-Off Marks, their Calculations and what actually matters
Understand everything about the various cut-off marks of IBPS Exams, Sectional Cut-0off, Category wise Cut-off and also State-Wise cut-off and why do they all vary and which is the MOST IMPORTANT Cut-Off to follow; click here to get all the info.
Group Discussion and Personal Interview
Having passed in CWE, candidates will be given a call letter requesting them to attend the next level of the exam which will comprise of group discussion or a personal interview and in some cases both. Many candidates who make it out of CWE very easily, falter in these rounds. This could be due to the fact that they have to address a group of people and it could scare them. However, remember that no one wants to judge you negatively and if they want to do so they would not give you the opportunity to speak in the first place. So get your feet up and build some courage. We will make sure that at the end of this chapter you will be able to participate in a group discussion and attend an interview without self-doubt.
The objective of this test is to check your social conversation skills and also to test your ability to cope up with a team. You will be placed in a group of individuals who like you have come this far in the examination. There will be a topic announced just before they ask you to start speaking. You must be well aware of all the current national and international issues going on to be able to speak effectively. There are some tricks which can take you right through the test with flying colours.
The main strength which you will need is confidence. Your self-esteem is the best asset you can have. Never consider yourself lower than others. Whatever background you may have and whichever place you may come from. Keep in mind that all the candidates in front of you are of the same calibre as you are.
- Take the initiative to start the discussion.
- Start your point with a positive attribute of which ever topic is given.
- Make your point clear and stand by it until the ends of discussion.
- While you speak, project your voice accordingly.
- Use suitable hand gestures and expressions to make it effective.
- Give opportunity to others to speak. If you think someone did not get the chance, ask him to participate in the discussion.
- Combine your point of view with facts.
- Accept criticism and tell that you will make an effort to improve and learn.
- Quote famous people or points from good books, relevant to the discussion. Only if you are sure about it.
- Make use of simple words and frame sentences that everybody can understand.
- Do not hurry while you speak, maintain a constant pace.
- Do not criticize anyone. Correct them accordingly.
- Do not raise your voice.
- Don’t take all the time for yourself.
- Do not talk about something you are not sure of.
- Don’t engage in useless arguments.
When it comes to personal interviews. People always think of the old fashioned one, where a panel asks you the toughest questions you can imagine and they will try scare and confuse you. That does not happen now!!! Because the world has changed. Everyone knows that you came to this point of the exam only because you are knowledgeable and they don’t want to know how many books you have on the tip of your tongue.
The point of interviewing you is to get an insight of what you really are, to know about your personality, your attitude, your decision making skills. They don’t want to trouble you with irrelevant questions and useless arguments.
- Stay calm and answer gently with a smile.
- Wear something light in colour.
- Be confident about your answers.
- Answer point wise and in orderly manner.
- Sit comfortably and do not cross your legs.
- Make eye contact with all the members of the panel.
- Do not mumble, speak clearly and in an audible tone.
- Don’t try to hide anything from your past.
- Don’t argue if you have to differ, do so gently.
- Don’t clutter up your answers.
- Don’t drag while you answer.
To be at your best when you speak try drinking warm water and do some vocal exercises. Speak with friends and family. Engage in discussion with as many people as you can. Read the newspaper every day loudly to yourself as this will help you with pronunciation.
Useful Resources: Interview Experiences and Tips
This should be of some help, Interview with someone who has successfully cracked the IBPS Exams, find the complete experience here.
This is rather a small section compared to the others above. After IBPS completes the massive task of common interviews. It grades the candidates according to the standardized scores combining them with the interview marks. Then the institutes allots candidates to the respective banks according to the preference order given by them in the application.
The respective banks put up the notice in their websites and also IBPS does the same. The joining dates and other formalities will be clearly mentioned by the banks in the notice and the candidates have to follow the instructions given online. Candidates must regularly visit the official website of IBPS www.ibps.in for the notification.
Having discussed about all the stages in the IBPS exam, the next step is to face it and by this time your option is to apply for the exam in the first quarter of 2015. IBPS did not release any notification regarding the recruitment calendar of 2015. We will update the dates as soon as IBPS releases them. So keep in touch with us.
To make it to the list it is advised to start the preparation a year before you take the exam. When you start preparation well before the actual exam, you have certain advantages in your hand.
Divide the entire syllabus into parts of whatever size you are comfortable with. Do not clog up your schedule. Make sure you get enough time to cover all the areas and also that you have time left for revision. If you want to take coaching, start searching for institutes and take time while you do it because there are huge number of institutes available in the market. If you are not able to cope up with the timings. Try an online coaching program. These enable you to have flexible timings and also offer huge range of options. But you must be honest to yourself and attend classes regularly in which ever mode you are taking the exam.
The technique of getting through the exam is time management. It can be achieved only through mock tests and vigorous practice. Looking at the syllabus we can easily say that it is applicable to all, and only outsmarting the rest can get you into the creamy layer. If you are in the race, “slow and steady” would not make it and you must be “FAST AND FURIOUS”.
Select the books which you want to study and do so only after a lot of inquiry because you will have to study from limited sources. Taking data from all the sources will just clog up in your mind and make it even worse. Select the books which offer a lot of practice papers and reliable facts. More number of hours do not mean more marks. So make sure that the quantity of hours is in harmony with quality of preparation.
Take time daily to prepare. Do not prepare at irregular time intervals and also don’t study at inappropriate times like late nights and very early mornings. Also when you prepare keep your surroundings calm. Do not trouble yourself with inadequate sleep and food. Make sure that you are healthy. Because if you lose it at the exam time then all your hard work will be of no use.
Constantly visualize yourself working in a bank and imagine that you are succeeding in the exam. This will help you to improve your self-esteem and will trigger your inner energy. Daily spend some time in meditating and self-talk. Keep in mind that this is just an exam and you will do the best in it. Be confident about your preparation and self-check at every opportune moment.
Finally, it is you who can change your future and are the only one who will endure the benefits. So work hard and stay positive.
All The Best!!!