HARCO Bank Clerk flashcards
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31 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Simple Interest Formula
- Simple interest is calculated as SI = P × R × T / 100, where P is principal, R is the annual rate percent, and T is time in years. The amount is P + SI.
- Compound Interest Formula
- Compound interest uses A = P(1 + R/100)^T for annual compounding. CI equals A minus P. For half-yearly compounding, halve the rate and double the time periods.
- Average Speed Equal Distances
- When a journey covers equal distances at speeds x and y, the average speed is 2xy/(x+y), not the arithmetic mean of x and y.
- Time and Work Combined
- If A finishes a job in a days and B in b days, working together they take ab/(a+b) days, because their combined one-day work is 1/a + 1/b.
- Syllogism Particular Premises
- Two particular premises (Some A are B) can never yield a universal conclusion (All A are C). A conclusion is valid only if it holds in every possible diagram.
- Ranking Total Formula
- In a row of N persons, if a person is nth from the left and mth from the right, then N = n + m − 1.
- Facing South Left Direction
- In a linear arrangement facing south, a person's left is east and right is west, the reverse of north-facing rows.
- Subject-Verb Agreement Rule
- 'One of the + plural noun' takes a singular verb, while 'a number of + plural noun' takes a plural verb. 'The number of' takes a singular verb.
- Since Versus For
- Use 'since' with a specific point in time (since 2010) and 'for' with a duration (for five years). Both pair with perfect tenses.
- RBI Establishment Date
- The Reserve Bank of India was established on 1 April 1935 under the RBI Act, 1934, and was nationalised on 1 January 1949. Its headquarters is in Mumbai.
- CRR and SLR
- CRR is the share of net demand and time liabilities held as cash with RBI. SLR is held in cash, gold, or approved government securities.
- NPA 90-Day Rule
- A loan becomes a non-performing asset when principal or interest is overdue for more than 90 days. NPAs are classified as sub-standard, doubtful, or loss assets.
- NEFT Versus RTGS
- NEFT settles transactions in batches and has no minimum amount. RTGS settles in real time and requires a minimum of ₹2 lakh per transaction.
- UPI and NPCI
- UPI is a real-time payment system run by the National Payments Corporation of India (NPCI). It uses a virtual payment address for instant bank-to-bank transfers.
- Phishing Definition
- Phishing is a social-engineering attack in which fake emails or websites trick users into revealing credentials, OTPs, or card details.
- Payment Banks Restrictions
- Payment banks can accept deposits up to ₹2 lakh per customer but cannot lend or issue credit cards. They must invest 75% of demand deposits in government securities.
- Basel III Capital Ratios
- Basel III sets minimum Common Equity Tier 1 at 5.5%, Tier 1 at 7%, and total capital adequacy at 9% for Indian banks as required by RBI.
- MUDRA Loan Categories
- MUDRA loans are classified as Shishu (up to ₹50,000), Kishor (₹50,001 to ₹5 lakh), and Tarun (above ₹5 lakh to ₹10 lakh).
- Pie Chart Central Angle
- In a pie chart, the central angle of a sector equals its percentage share multiplied by 3.6 degrees, because the full circle is 360 degrees.
- Percentage Change Formula
- Percentage change equals (new value − old value) divided by the old value, multiplied by 100. The old value is always the base.
- Alphabet Position Values
- Letters are numbered A=1 through Z=26. Positional sums and shifts are the basis of most coding-decoding questions in clerical reasoning.
- Clock Hand Relative Speed
- The minute hand moves 6° per minute and the hour hand 0.5° per minute. Their relative speed is 5.5° per minute.
- Cube Cutting Painted Faces
- A cube cut into n³ smaller cubes has 8 cubes with 3 painted faces, 12(n−2) with 2 painted faces, and 6(n−2)² with 1 painted face.
- Active to Passive Voice
- In passive voice, the object becomes the subject, the verb becomes 'be + past participle', and the original subject becomes 'by + agent'.
- MPC Inflation Target
- India's Monetary Policy Committee has 6 members and targets consumer price inflation of 4% with a tolerance band of plus or minus 2%.
- Digital Signature Keys
- A digital signature uses public-key cryptography: the sender signs with a private key and the receiver verifies with the sender's public key.
- SARFAESI Act Purpose
- The SARFAESI Act, 2002 lets banks enforce security interests without court intervention for secured loans above ₹1 lakh, speeding up recovery.
- Data Sufficiency Rule
- A data sufficiency question is answerable only from the given statements. Outside information must not be used to reach a conclusion.
- CI Minus SI Two Years
- For two years, the difference between compound and simple interest is P(R/100)², where P is principal and R is the annual rate percent.
- Calendar Odd Days
- A normal year has 1 odd day and a leap year has 2. In 100 years there are 5 odd days, in 200 years 3, in 300 years 1, and in 400 years 0.
- Cheque Validity Period
- Under the Negotiable Instruments Act, 1881, a cheque is valid for three months from its date of issue. A crossed cheque must be deposited into an account.