CG Apex Bank Recruitment flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Subject-verb agreement rule

A singular subject takes a singular verb, and 'either/or' and 'neither/nor' agree with the nearer subject. Collective nouns take a singular verb when acting as one unit.

Present perfect tense use

Formed with has/have plus the past participle. It describes a past action linked to the present, and is used with 'since' for a point in time and 'for' for a duration.

Cloze test approach

Read the entire passage first, predict the missing word from context, then check options for grammar and collocation such as 'make a decision' or 'commit a crime'.

Para jumble opening sentence

The opening sentence introduces the topic without starting with pronouns like he, she, it or this. Link later sentences through pronouns, conjunctions and repeated nouns.

Syllogism validity rule

'All A are B' does not imply 'All B are A'. A 'some' conclusion follows only when a definite overlap is guaranteed by the premises, not merely possible.

Order and ranking formula

Total number of persons equals rank from the left plus rank from the right minus one. Rearranging gives an unknown rank when the total is known.

Circular seating direction rule

When people face the centre, a person's left is clockwise and right is anticlockwise. When they face outward, the directions reverse. Fix one person first.

Direction sense coordinates

Treat north as positive y and east as positive x. Net displacement uses the Pythagorean theorem, and the final direction follows the signs of both coordinates.

Compound interest formula

Amount equals principal times (1 plus rate divided by 100) raised to the time in years. For two years, the gap between compound and simple interest equals principal times (rate/100) squared.

Successive percentage change

An increase of a percent followed by a decrease of b percent gives a net change of a minus b minus ab/100 percent. Two successive discounts use the same formula.

Combined work formula

If A alone takes x days and B alone takes y days, together they take xy divided by (x plus y) days. Using the LCM of days as total work units simplifies calculation.

Speed unit conversion

To convert kilometres per hour into metres per second, multiply by 5/18. To convert metres per second into kilometres per hour, multiply by 18/5.

Combination formula nCr

The number of ways to choose r items from n without regard to order is n factorial divided by r factorial times (n minus r) factorial. Probability equals favourable outcomes divided by total outcomes.

Monetary Policy Committee

The RBI committee of six members, chaired by the Governor, sets the repo rate and other policy rates in bi-monthly reviews. It was constituted under the RBI Act amendments of 2016.

Financial sector regulators in India

RBI regulates banks and payment systems, SEBI regulates securities markets, IRDAI regulates insurance, and PFRDA regulates pension funds. NABARD is the apex body for rural credit.

Bharat Ratna and Param Vir Chakra

The Bharat Ratna is India's highest civilian award, given for exceptional service. The Param Vir Chakra is the highest wartime military decoration, awarded for conspicuous bravery.

Chandrayaan-3 mission

ISRO's lunar mission landed near the moon's south pole in August 2023, making India the first country to achieve a soft landing in that region. Its lander was named Vikram.

OSI model layers

Seven layers from bottom to top: Physical, Data Link, Network, Transport, Session, Presentation and Application. TCP operates at the Transport layer and IP at the Network layer.

Memory units conversion

One byte equals eight bits. One kilobyte equals 1024 bytes, one megabyte equals 1024 kilobytes, one gigabyte equals 1024 megabytes and one terabyte equals 1024 gigabytes.

Volatile versus non-volatile memory

RAM is volatile and loses its contents when power is switched off. ROM is non-volatile and retains data permanently. Cache is faster than RAM but much smaller.

Phishing definition

A cyber attack in which a fraudulent message or website tricks a user into revealing credentials, card details or one-time passwords. Banks never ask for OTPs by phone or email.

CRR and SLR

CRR is the proportion of net demand and time liabilities that banks keep as cash with the RBI. SLR is held in approved securities such as government bonds.

Repo and reverse repo

The repo rate is the interest at which the RBI lends short-term funds to banks against securities. The reverse repo rate is at which the RBI absorbs surplus liquidity from banks.

DICGC deposit insurance cover

The Deposit Insurance and Credit Guarantee Corporation insures bank deposits up to five lakh rupees per depositor per bank, covering principal and interest, for both commercial and cooperative banks.

Non-performing asset definition

A loan or advance becomes a non-performing asset when interest or principal is overdue for more than 90 days. NPAs are classified as sub-standard, doubtful and loss assets.

RTGS versus NEFT

RTGS settles high-value payments individually in real time, with a minimum of two lakh rupees. NEFT settles in batches through the day and has no minimum amount.

Chhattisgarh formation date

Chhattisgarh was carved out of Madhya Pradesh on 1 November 2000 under the Madhya Pradesh Reorganisation Act, becoming the 26th state of India. Its first Chief Minister was Ajit Jogi.

Chhattisgarh state symbols

The state animal is the wild buffalo, the state bird is the hill myna and the state tree is the sal. The capital is Raipur and the High Court sits at Bilaspur.

Bastar Dussehra festival

Bastar Dussehra is a tribal festival celebrated in Jagdalpur, Chhattisgarh, lasting about 75 days. It is considered one of the longest festivals in the world and centres on the Danteshwari temple.

KYC and PMLA reporting limits

Banks must complete know-your-customer verification using identity and address proof. Under the Prevention of Money Laundering Act, cash transactions above ten lakh rupees must be reported.

Basel III capital norms

Basel III sets minimum capital adequacy, a leverage ratio and liquidity standards through the liquidity coverage ratio and net stable funding ratio. Indian banks follow RBI's phased implementation schedule.

RBI Integrated Ombudsman Scheme

Introduced in 2021, it provides a single portal and toll-free number for complaints against RBI-regulated entities. It replaced earlier separate ombudsman schemes for banks and non-bank entities.