Nainital Bank Clerk flashcards
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33 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Subject-verb agreement
- The verb must match the subject in number. Words placed between them, such as 'along with' or 'as well as', do not change the subject's number, so a singular subject keeps a singular verb.
- Proximity rule
- With either/or and neither/nor, the verb agrees with the subject nearer to it. 'Neither the clerks nor the manager was present' takes a singular verb because the manager is nearest.
- Present perfect tense
- Formed with has or have plus the past participle, it describes an action completed at an unspecified time or continuing to the present. It never takes a definite past time marker like yesterday.
- Affect versus effect
- Affect is normally a verb meaning to influence, while effect is normally a noun meaning a result. Confusing the two is a frequent error in bank-exam sentence correction items.
- Cloze test
- A passage with blanks, each to be filled by one option. Correct answers are fixed by grammar, preposition usage and collocation rather than by general plausibility of meaning alone.
- Reading comprehension distractor
- An option that states something true in general but not supported by the passage. The correct answer must be traceable to specific lines or clear implication in the given text.
- Active to passive voice
- The object becomes the subject, the verb becomes a form of be plus past participle, and the original subject moves to a by-phrase. Tense of the original verb is preserved.
- Conditional type three
- Expresses an unreal past condition: if plus past perfect in the if-clause, and would have plus past participle in the main clause. Example: If I had known, I would have applied.
- Percentage change formula
- An increase of x percent followed by a decrease of x percent always yields a net decrease of x squared divided by 100 percent, regardless of the order of the two changes.
- Compound interest formula
- Amount equals principal times (1 plus rate over 100) raised to the time in years. Compound interest is that amount minus the principal, compounding annually unless stated otherwise.
- CI minus SI for two years
- For two years at rate R, the difference between compound and simple interest equals principal times (R divided by 100) squared. This shortcut avoids computing both interests separately.
- Successive discount formula
- Two successive discounts of a percent and b percent equal one discount of a plus b minus ab divided by 100 percent. The result is always less than the simple sum.
- Train crossing platform
- Time taken equals the sum of train length and platform length divided by the train's speed. Both lengths must be in the same unit as the speed.
- Boats and streams
- Downstream speed is boat speed plus stream speed, upstream is boat speed minus stream speed. Boat speed is half the sum of the two; stream speed is half the difference.
- Work together formula
- If A finishes in x days and B in y days, together they take xy divided by (x plus y) days. Taking the LCM of x and y as total work units avoids fractions.
- Simple interest formula
- Interest equals principal times rate times time divided by 100. Rate is annual and time is in years; for months, divide the month count by twelve first.
- Speed unit conversion
- One kilometre per hour equals five-eighteenths of a metre per second. Multiply km/h by 5/18 to get m/s, or multiply m/s by 18/5 to return to km/h.
- Syllogism validity rule
- A conclusion follows only if it is true in every possible arrangement of the premises. A conclusion that is merely possible in some arrangement is not a valid conclusion.
- Blood relation notation
- Use vertical lines for parent-child links and horizontal lines for siblings and spouses, marking gender beside each name. This prevents reversing relations such as uncle and nephew.
- Circular seating direction
- When people face the centre, a person's left is clockwise and right is anticlockwise. When they face outward, left and right are reversed relative to the circle.
- Direction sense displacement
- Track each move on a coordinate grid, adding or subtracting distances along north-south and east-west axes. Final distance is the straight-line distance between start and end points.
- Coding-decoding letter shift
- Convert letters to positions A equals 1 through Z equals 26, then compare coded and original letters to find a constant or alternating shift, including wrap-around after Z.
- Coded inequality chain
- Combine statements only when symbols point the same way. Mixing greater-than and less-than directions in one chain gives no definite relation between the end terms.
- Statement and assumption
- An assumption is a hidden premise the statement depends on. It is valid only if the statement cannot make sense without it, not merely because it is likely or reasonable.
- Series with alternating operations
- When first differences fail, check whether two interleaved patterns exist, such as alternating multiply and subtract steps, or separate rules for odd and even positions.
- RBI establishment
- The Reserve Bank of India began operations on 1 April 1935 under the RBI Act 1934, was nationalised in 1949, and has had its central office in Mumbai since 1937.
- Monetary Policy Committee
- A six-member body chaired by the RBI Governor that sets the policy repo rate. It targets consumer price inflation of four percent within a band of plus or minus two percent.
- Cash Reserve Ratio
- The share of a bank's net demand and time liabilities that must be held as cash with the RBI. It earns no interest for the bank and is used to control liquidity.
- Statutory Liquidity Ratio
- The portion of net demand and time liabilities a bank must hold in approved assets such as government securities, cash or gold. Unlike CRR, these holdings earn interest.
- Repo rate
- The rate at which the RBI lends short-term funds to banks against government securities. Raising it makes borrowing costlier and is a tool to curb inflation.
- DICGC deposit cover
- Deposit insurance in India covers up to five lakh rupees per depositor per bank, including both principal and interest, across all branches of that bank.
- Nainital Bank Limited
- A scheduled commercial bank founded in 1922 and headquartered in Nainital, Uttarakhand. It operates as a subsidiary of Bank of Baroda and runs branches mainly in northern India.
- Priority sector lending target
- Domestic scheduled commercial banks must lend 40 percent of adjusted net bank credit to priority sectors, with 18 percent of that credit going to agriculture.