J&K Bank Banking Associate key terms

A reasoning question type where you are given two or more statements assumed true and must decide which conclusions logically follow from them, using set relationships rather than real-world knowledge.

Reasoning puzzles that describe family relationships in words (for example 'A is the son of B') and ask you to work out how two named people are related.

Questions where letters or words are replaced by a rule-based code, and you must either apply the same rule to a new word or decode a given coded word.

Puzzles placing people or objects in a line, circle or rectangle under given conditions; you must determine each person's exact position.

A format where a question is followed by numbered statements; you decide whether the statements, alone or together, supply enough information to answer, without actually computing the answer.

Questions using symbols such as >, <, ≥ and ≤ to state relations between quantities; you must judge which of the given conclusions is definitely true.

A way of expressing a number as a part of 100; used to compare quantities and as the base for profit, interest and discount calculations.

Interest calculated only on the original principal for the whole period, using SI = (P × R × T)/100, with no interest earned on interest.

Interest calculated on the principal plus previously accumulated interest, so the amount grows faster than under simple interest over the same period.

Problems linking the time taken to finish a task with the rate of work; efficiency is treated as the reciprocal of the days needed.

Questions based on a table, bar chart, pie chart or line graph, where you read values and perform quick calculations such as percentage change or averages.

A word that means nearly the same as another word; synonym questions test whether you can choose the closest meaning in context.

A word opposite in meaning to another; antonym questions test your vocabulary by asking for the word most nearly opposite to the given one.

A fixed expression whose meaning cannot be worked out from the individual words, such as 'to bury the hatchet' meaning to end a quarrel.

A passage with words or phrases removed and replaced by blanks; you choose the option that fits each blank grammatically and in meaning.

A set of sentences given in scrambled order that you must rearrange into a coherent paragraph using connectors, pronouns and logical flow.

The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities; raising it generally makes loans costlier and cools inflation.

The share of a bank's net demand and time liabilities that must be kept as cash with the RBI, earning no interest, so a higher CRR reduces funds available for lending.

The minimum percentage of net demand and time liabilities a bank must hold in safe, liquid assets such as government securities, gold or cash, apart from its CRR balance.

National Electronic Funds Transfer: an RBI-operated system that settles one-to-one fund transfers in batches through the day, with no minimum or maximum amount limit set by RBI.

Real Time Gross Settlement: an RBI system for high-value transfers settled individually and immediately, currently with a minimum of two lakh rupees per transaction.

Unified Payments Interface: a National Payments Corporation of India platform that lets users link bank accounts to a single app and pay instantly using a virtual payment address.

Know Your Customer: the mandatory process by which a bank verifies a customer's identity and address using documents such as Aadhaar, PAN or passport before opening an account.

RBI rules requiring banks to give a set share of credit, generally 40 percent of adjusted net bank credit, to agriculture, MSMEs, education, housing and weaker sections.

Marginal Cost of Funds based Lending Rate: the internal benchmark below which a bank cannot lend, used to set floating-rate loan interest since 2016.

A loan or advance where interest or principal has remained overdue for more than 90 days; such accounts must be classified and provided for by the bank.

A private-sector bank founded in 1938 by the then Maharaja of Jammu and Kashmir, headquartered in Srinagar and historically the state's main banker; it is listed on Indian stock exchanges.

Hardware or software that filters incoming and outgoing network traffic against set rules, blocking unauthorised access while allowing approved connections.

A fraud in which a message or fake website pretends to be from a bank or trusted service to trick you into revealing passwords, card numbers or OTPs.

A login method requiring two different proofs of identity, typically a password plus an OTP or biometric, so a stolen password alone is not enough.

Malicious software such as viruses, worms, trojans or spyware designed to damage a device, steal data or take control of a system without the user's consent.

Uniform Resource Locator: the address typed into a browser to reach a web page, made up of a protocol, domain name and path.

A service that stores files on remote servers accessed over the internet, so data can be reached from any device; examples include Google Drive and OneDrive.