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I rate him 95+ out of 100.INITIATIVES FOR PASSENGERSPassenger Helpline No. 138 and security helpline 182Indian Railways provided the All India Helpline Number ‘138’ for passengers, as an interface for queries/complaints related to medical emergency, cleanliness, food & catering, coach maintenance, linen etc. A security helpline ‘182’has also been launched to report any unsavory incidents. This service is very important public service and may play an important role in emergencies like crime against women, onboard unlawful activity, train accidents, medical attention required and fire etc. These helpline numbers viz.138&182 and existing 139 are now to be printed on the tickets for the convenience of passengers.Launching of e-catering service in trainsThe Ministry of Railways is providing e-catering service in trains through its PSU, Indian Railways Catering &Tourism Corporation (IRCTC). This is a service where a passenger is able to place an order for a meal, to be served at his seat in the train enroute, through a phone call or an SMS. Presently this service is available in 120 pairs of trains.Go-India Smart cardGo-India’ smart card scheme has been launched on pilot basis on two sectors i.e. New Delhi-Mumbai and New Delhi-Howrah. At present, the Go-India smart card enables passengers to pay for reserved and unreserved tickets. The scheme is intended to reduce the transaction time at the booking counters for the convenience of passengers as it facilitates cashless transaction.Introduction of Next Generation e-ticketing systemNext generation E-ticketing system introduced, which can book 7200 online tickets instead of 2000 tickets per minute and to attend 2,00,000 enquiries instead of 50000 per minute.SMS Alerts to passengersIndian Railways added another milestone by launching yet another innovative scheme called the ‘SMS Gateway’, which will enable passengers to get SMS alerts on the status of reserved tickets. Moreover SMS alerts giving wakeup calls has also been introduced.Mobile security App.for womenMobile app for security of women has been launched in Mumbai suburban trains.This is the first phase and it will be extended in other areas in a phased manner.Yatri Ticket Sewa Kendra schemeA new scheme called the Yatri Ticket Sewa Kendra (YTSK) Scheme has been launched. Under this scheme, agents of Indian Railways can operate ticketing terminals at various locations in the cities and towns for issuing reserved tickets and unreserved tickets. This will offer greater convenience to passengers in getting rail tickets.Adarsh StationThe scheme of Adarsh stations for better amennities has been introduced in the year 2009. Under this scheme, 1052 stations have been selected for development as Adarsh Station upto 2013-14. 108 stations have been developed under the scheme during 2014-15, as such a total of 934 stations have been developed as ‘Adarsh’ station so far.Pilgrim special tourist trainsWith a view to promote rail tourism in the country and to provide reasonably priced tourism package to tourists, especially the pilgrims in the country, India Railways through its PSU IRCTC has launched six pilgrim special tourist train packages in the first phase. The tourist packages are; Sukhamngalam Yatra, Dham special with Dakshin Darshan via Lucknow, Dham special with Dakshin Darshan via Jaipur, Shikharji Circuit Yatra, Jyotirling Yatra, and Takht Parikrama.Braille Signages on coachesFor the help of visually impaired passengers, Indian Railways has taken the initiative of providing Braille signages on coaches.CCTV on coachesIn order to improve security measures on trains and especially for women passengers, it has been decided to provide CCTV cameras on coaches especially in ladies compartments in doorway and aisle area without infringing on the privacy.Waiting chairs/benches etc. under MPLAD SchemeGuidelines issue for installations of chairs/benches/overhead sheds at stations under Member of Parliament Local Area Development Scheme(MPLAD).Comprehensive guidelines have been issued for improvement of passenger amenities at stations through NGOs, Trusts, Corporate etc.R.O. drinking water at stationsProvision of Reverse Osmosis (R.O.) drinking water units at selection stations on experimental basis has been planned. To begin with, eight stations namely, Madurai, Gadag, Tirupati, Guwahati Dwarka, H.Nizammudin, Patna & Bhopal were identified for provision of R.O. drinking water units. While R.O. drinking water units have already been commissioned at Dwarka, Gadag, H.Nizammudin, Katihar (in lieu of Guwahati), Madurai and Tirupati stations R.O. units at Patna & Bhopal are planned to be commissioned shortly.This will help provide safe drinking water to passengers.Seperate Food safety officer in every divisionWith a view to ensure better quality check on the food installations in Railway, it has been decided to appoint one Food Safety Officer in every Division of the Railways. Earlier a Food Safety Officer was entrusted with more than one Division which was causing difficulty in ensuring proper supervision.DIGITAL INDIA INITIATIVELaunching of a ‘Customer Complaint Web Portal’A ‘Customer Complaint Web Portal and Mobile Application’ (android/windows based mobile App), was launched. One can track the status of the complaints which he or she registered on this portal with the help of mobile App. Feedback can also be given on this portal. This will help in faster redressal of passenger grievances.‘Operation Five Minutes’ –Paperless Unreserved TicketingFulfilling yet another commitment of the Railway Budget 2015-16, the Minister of Railways launched Mobile Application for Paperless Unreserved Ticketing on pilot basis on Egmore –Tambaram Suburban Section of Chennai. This initiative is part of Indian Railways effort to help passengers purchase the unreserved tickets within five minutes under its ‘Operation five minutes programme’. This will allow the passenger to buy a ticket on the move and allow him or her to board the train with the ticket secured on his or her mobile phone, without any need for printing the ticket.‘E-Samiksha’ for Implementation MonitoringIn yet another milestone initiative for ensuring timely implementation of budget proposals, a special portal called ‘E-Samiksha’, has been launched for monitoring the implementation of budget announcements/commitments .This portal would help to keep an eye on the implementation of budget process.Facility of ‘Wi-Fi’ services on Railway stationsIndian Railways is providing the Wi-Fi Broadband Services at several stations which include Bangaluru, Secunderabad, Mumbai CST, Agra, Varanasi, Hawrah, Chennai, Ahmdabad. The Wi-Fi project on Indian Railways is being executed by RailTel, a Public Sector Undertaking of the Ministry of Railways. Wi-Fi facility is available to the users free of cost initially for a period of 30 minutes by registering on the Wi-Fi network through their mobile phones. The facility of Wi-Fi will be extended to other stations in a phased manner.Introduction of e-demand systemWith the release of this module, customers can sit in the convenience of their homes or offices and register their freight demands.Railways’ Social Media platformTo keep pace with the modern means of internet media, Indian Railways launched its three social media platforms namely Facebook, Twitter and You Tube with the URL @railminindia. Railway Budget was for the first time live streamed on social media platforms. Online suggestions and feedback can also be made on these social media platforms.SYSTEM IMPROVEMENTMoU signed for highest ever funding for RailwaysIn a landmark achievement, a Memorandum of Understanding (MoU) was signed between the Ministry of Railways and Life Insurance Corporation (LIC) for highest ever funding of Rs. 1.5 lakh crore for Railways. This move will ultimately help railways growth through augmentation of its financial resources.Interim Report of HLRRC submitted to Railway BoardInterim Report of High Level Railway Restructuring Committee (HLRCC) headed by Dr. Bibek Debroy has been submitted to the Railway Board.The report has also been put on the Ministry’s website for inviting suggestions and comments. This committee was constituted with an aim to find out ways to mobilise resources for major railway projects and restructuring of railways.Delegating more power to Zonal RailwaysWith an aim to fast track decision making and bring in transparency full powers have been delegated to General Manages and Director Generals as tender authority . All the cases for acceptance of Works and Stores tenders, will now be dealt with and finalized by Zonal Railways and Production Units.Scope of e-tendering is being expanded for increased transparency and procurement.Saving of energyTo reduce cost of Electrical energy being used for traction, procurement through open market is being done.Power Purchase Agreement between DVC and North Central railway for supply of 50MW power has already been signed.Saving for the month of March 2015 alone is Rs 10 Crore approx.A web based electrical energy management system called RailSaver has been launched which will help save upto 15% energy by 2020.Logistic Hubs on National WaterwaysA Memorandum of Understanding (MoU) has been signed between the Inland Waterways Authority of India (IWA) and the Dedicated Freight Corridor Corporation of India (DFCCIL) for creation of logistic hubs with rail connectivity at Varanasi and other places on National Waterways.Alternative Energy ResourcesSolar Plants of 2 MW at RCF, Raebareli and 1 MW at Katra Railway station have been commissioned.Target of commissioning 6.5 MW Solar Power plants in year 2015-16. A 30 KW Solar Plant has been commissioned at roof top Rail Bhawan at New Delhi. Solar plants at other Railway buildings are proposed to be installed in future. Target for commissioning of 25 MW Wind Energy Plant at Jaisalmer in 2015-16.Ratan Tata as Head of ‘Kayakalp’ CouncilTaking immediate follow up action in implementing the Budget announcement, Railways constituted the ‘Kayakalp’ Council and appointed Shri Ratan Tata to head this Council. The purpose of the Council is to recommend innovative methods and processes for the improvement, betterment and transformation of the Indian Railways.MOU with National Institute of DesignAdding yet another milestone by fulfilling another commitment announced in the Railway Budget 2015-16, the Indian Railway signed an MoU to set up its own Railway Design Centre in the campus of National Institute of Design (NID), Ahmadabad. This will help improve customer’s happiness by way of better designed coaches and providing cost effective solutions to problems faced by passengers during train travel.White paper and vision 2030 documentMinister of Railways released White Paper on Railways in the parliament with a view to understand the challenges that the organization is presently facing. Ministry of Railways is now working on the vision 2030 document on Railways which will contain a blueprint for the future development of the Indian Railways.Task forces and Experts’ committeesSeveral task forces and committees of experts constituted for focussed attention on areas like revenue mobilization through advertising, improving financial health of railways, restructuring delegation of powers, productivity enhancement, etc. The various committees have roped in experts like E Shreedhran, former CAG Vinod Rai, economist Bibek Debroy and noted industrialist Ratan Tata to improve the Railways and bring in innovative ideas and solutions.Better training of Railway PersonnelAcademic Services Agreement has been signed with Beijing Jiao Tong University, China for training of 100 officers of various departments in Heavy Haul Technology. ‘Indian Railways Chair for Sustainable Mobility’ has been set up at TERI University, New Delhi. Modules on gender sensitization of Railway personnel have been introduced in centralized training institutes.Centre for Railway Research set up at Mumbai UniversityRailway Ministry and Mumbai University signed an MoU to set up a Centre for Railway Research (CRR) at University of Mumbai in order to develop a long-term frame work for research collaboration.Leveraging of space for advertisingWith a view to generate additional revenue, RITES,a public sector undertaking of Ministry of Railways prepared a Concept Note, indicating ways and means for leveraging of space in coaches, wagons, trains, railway stations etc. for advertisements, publicity and other purposes. Now, six-member task force headed by Member Traffic Railway Board has been set up to examine and implement this project.INFRASTRUCTURECritical coal connectivity projects fasttrackedTransportation of coal is an important activity of Indian Railways and is very crucial for the country’s power supply system. Critical Coal connectivity projects in Jharkhand, Chhattisgarh and Orissa are being fast tracked. MOU has been signed with Ministry of Coal and Government of Odisha. Another MOU with Government of Jharkhand is in the offing.Redevelopment of Railway StationsRailway Ministry has now decided to offer Railway Stations for redevelopment on ‘as is where is’ basis, by inviting open bids from interested parties with their designs and business ideas duly providing for amenities and other requirements of the Railways. The Process for redevelopment of stations, already indentified viz. Anand Vihar, Bijwasan, Chandigarh, Shivaji Nagar & Habibganj by Indian Railway Stations Development Corporation Ltd. (IRSDC) is continuing.Progress On Dedicated Freight Corridor ProjectEastern and Western Dedicated Freight corridors are being developed for smooth and fast transportation of freight.Loan for Eastern Dedicated Freight Corridor (Phase 2) for US $ 1100 million approved by the World Bank on 22.04.14, has been signed on 11th November 2014. Electrification contract for 945 km of Western DFC has been awarded on 18.11.2014.FDI and PPP in RailwaysCabinet approved 100% FDI in identified areas of Railway sector.Ministry of Railways has formulated sectoral guidelines on FDI.Investor’s meet was held to explain FDI to investors.More meets planned in future. High level committee set up to discuss FDI and PPP issues. Ministry of Railways has also issued Model Concession Agreement for Non Governmental Railway model, joint venture model and Built, Operate and Transfer (BOT) model. During the period , approvals were also given for port connectivity PPP projects viz. Roha-Dighi newline and Digni-Jaigarh port newline. In addition in principle approval for two more port connectivity projects viz. Chhara port and Nargol port has been given.New Rail Neer Plant in Mumbai inauguratedA new Rail Neer plant has been set up at Ambernath (Mumbai) by Indian Railway Catering and Tourism Corporation (IRCTC), a Public Sector Undertaking of Ministry of Railways, the production capacity of this plant will be 2 lakh liters per day, This will improve availability of safe Packaged Drinking Water (PDW).Laying of Opticle Fibre Cable on Railway NetworkA total number of 1,329 route kilometres OFC has been laid. Cumulatively, 48,179 route kilometers (approx.) OFC has been commissioned over Indian .It will enable high speed internet connectivity and video conferencing facility.New lines and electrificationIn 2014-15, 1983 km of railway lines have been commissioned. This is the highest ever. In 2014-15, 1375 km of railway electrification completed. This is the highest ever.SAFETYGeo-spatial technologies for unmanned level crossingsIn a significant move to make Unmanned Level Crossings (UMLCs) safer for road users thereby avoiding accidents thereat, Geo-spatial technologies are proposed to be used with the help of ISRO. Under such technologies which combine Global Positioning System(GPS), Geographic Information System(GIS) and Remote Sensing, an alert message will be flashed automatically in the mobile phones of all the road users carrying GPS enabled mobile phones in the vicinity of an Unmanned Level Crossing, about the approaching train. This will save many lives as many fatal accidents occur at unmanned level crossing.Quick evacuation of injured persons from tracksStandard Operating Procedures (SOPs) are being put in place regarding quick evacuation of the injured persons from the railway track so that human lives are saved.MoU on construction of ROBs/RUBsIn a move to further enhance safety of road users, Ministry of Railways and Ministry of Road Transport & Highways signed a Memorandum of Understanding (MoU) on policy related to constructions of Road Over Bridges and Road Under Bridges on National Highway corridors.MAKE IN INDIAExpansion project of DLW factoryThe Prime Minister Shri Narendra Modi inaugurated the commencement of Expansion Project of Diesel Locomotive Works (DLW), a production unit of Indian Railways at Varanasi on some of the features of the expansion plan are; a new block shop, loco frame shop and loco assembly shop, new plant shop having advanced paint booths, induction of high productivity machines and generation of 250 kw Green Power by roof mounted grid connected solar power plant. The project will herald the ‘Make in India’ campaign in the holy city, Varanasi.Ministry of Railway also successfully floated RFP for state of the Art Electro Loco Factory at Madhepura and Diesel Loco Factory at Marhowra. Again RFP were issued for manufacturing 9000 HP electric locos for western DFC. Locos will be manufactured at Dankuni and Technology will be transferred to CLW, Chittanranjan.New production unitsRail Wheel Plan, Bela commissioned and regular production started.2nd unit for manufacture of LHB coaches fit to run at 160kmph made functional at Integral Coach Factory, Chennai.DEMU factory Haldia commissioned.Mid-life Rehabilitation Workshop for coaches at Jhansi completed.New Loco and New Green Train5500 HP Diesel Locomotive introduced in Indian Railway System which is the highest horse power Diesel Engine.First “Green” DEMU rail introduced on Northern Railway to run between Rewari-Rohtak Section.HIGH SPEED PROJECTSStatus of Railways Semi High Speed ProjectsIndian Railways is working on increasing speed of trains raising it to 160kmph/200 kmph referred as Semi-High speed. It has identified nine corridors for this purpose. Trial run in Delhi-Agra corridor successfully completed for running trains at semi-high speed of 160 km. per hour. The commercial services will be started after obtaining the CRS sanction.The feasibility study for semi high speed on Chennai-Bangaluru-Mysore Corridor is being taken up by Chinese Railways.Feasibility study for New Delhi-Chandigarh Corridor to be undertaken with French Railway.Discussions are on with Germany for undertaking feasibility study of Nagpur-Secunderabad Corridor.5 other identified corridors under examination for semi high speed trains.Mumbai-Ahemdabad High Speed Bullet train projectMinistry of Railways took steps for introduction of High Speed Bullet Trains(300+kmph) in the country on Mumbai-Ahmadabad corridor. It is part of the Ministry’s ambitious plan to have Diamond Quadrilateral network of High Speed Rail connecting major metros and growth centers of the country. French Railway submitted business model study of this corridor. The interim report of feasibility study being undertaken by Japan has been received and final report is expected in June, 2015. One new route between New Delhi and Chennai has been identified for introducing bullet train and China has been entrusted with the task of undertaking feasibility study of this line.JAMMU & KASHMIR AND NORTH EASTOpening of Lumding-Silchar broad gauge sectionThe much awaited Lumding-Silchar Broad Gauge section (Assam) inaugurated with the running of goods trains. The passenger train services will be started soon on this section. This line will provide seamless BG connectivity to Barak Valley of Assam with the rest of the Country.it Musica Country,Free Country Music WebRadio Online! is a very crucial rail link for the N.E region.First train to MeghalayaIn an important event in the history of Railways, one more north-eastern state namely Meghalaya was brought on country’s railway map. Prime Minister Shri Narendra Modi flagged off the first ever train from Guwahati to Medipathar in Meghalaya to mark this feat.Foundation stone for rail link to Mizoram’s capitalTo further boost the development of rail link in North Eastern region, the Hon’ble Prime Minister Shri Narendra Modi laid the foundation for a new rail route from Bhairabi to Sairang in Mizoram. It will take rail connectivity to Aizawl, the capital of MizoramKatra comes on country’s railway mapIn another landmark engineering marvel, Indian Railways completed Udhampur-Katra Broad gauge line in the State of Jammu and Kashmir. Prime Minister dedicated this line to the nation at a programme held at Katra.This line has brought Katra on country’s railway map consequently bringing Jammu & Kashmir Valley nearer to the rest of the nation .Railways help during J&K floodsIndian Railways geared up its machinery to provide all possible help to the travelling public in the wake of unprecedented flood in the state of Jammu and Kashmir. Railways arranged transport of relief material free of charge by coaching trains to Jammu Tawi and Udhampur from any station of India. Railways made about 4 lakh Rail Neer drinking water bottles available for flood affected people of J&K.North-eastern tour package for college studentsAn education train ‘Gyanodaya Express’ – a tour package for the students of Delhi University to visit North east states, was flagged off from Delhi . It will help the students to connect with NE region .SWACHH BHARAT ABHIYAANNation wide Action PlanIndian Railways is implementing PMs nationwide campaign of Swachch Bharat Abhiyan in true letter and spirit.Separate Directorate for Environment and Housekeeping created. This Directorate will address all environment and housekeeping related issues over Railways.Detailed action plan on cleanliness prepared has been prepared and an Integrated Policy of cleanliness in Stations, Platforms and Coaches is under formulation.50 major stations outsourced for international level cleanliness.Setting up of mechanised laundriesMechanised laundries at 6 new locations have been set up to improve the quality of linen being supplied to AC class passengers. With this Indian Railway now have 33 such mechanized laundries.Dustbins on all the coaches:Dustbins on trains were hitherto being provided mainly on AC coaches. Now dustbins will be provided in all the coaches including non AC coaches.On Board Housekeeping services scheme:An additional 83 no. of trains have been covered under OBHS scheme taking total coverage to around 500 trains. Under this scheme ,cleanliness is maintained during run of the train.Installation of more Bio-Toilets in coachesMore than 10159 Bio-toilets have been fitted till March, 2015 and target set for 2015-16 is fitment of 17,000 bio-toilets. These toilets use bacterial action to convert human waste into water and gas.HELPING FARMERS AND RURAL PEOPLEFirst ever Perishable Cargo Centre set upThe first ever Perishable Cargo Centre of Container Corporation of India (CONCOR) (a Railway PSU) at Adarsh Nagar station near Azadpur Sabzi Mandi, Delhi, was inaugurated. This perishable cargo centre will help farmers and consumers in a big way and the ripening of fruits and cold storage facilities at this cargo centre will help the farmers get a good price and good market for their product.Skill development activities in railway premisesIndian Railways has around 8000 stations and premises of some of the railway stations with very few trains and scanty footfall would be used for skill development activities. It will help rural people substantially.The skill development programme has been emphasized by the Hon’ble Prime Minister for the benefit of the people.Promoting Rural ProductsRailways will also help in marketing rural products made by self help groups and other such agencies so as to help common rural people. The Konkani-cuisine restaurant “Konkan Swaad Katta’ recently set up at Ratnagiri station in Konkan Railway is a step in this direction to encourage traditional businesses and local talent as well as help the financial empowerment of local people and at the same time passengers getting taste traditional dishes.INTERNATIONAL COOPERATIONMoU with China in technical cooperation in RailwaysA Memorandum of Understanding (MoU) and an Action Plan were signed between the Government of India and People’s Republic of China in enhancing Technical Cooperation in Railway Sector, at delegation level talks between the two countries on 18th September 2014. The potential cooperation areas mentioned in the MoU are; i) Training in heavy haul freight transportation, ii) Raising of speed of trains on existing routes, iii) Station redevelopment, iv) High speed rail and v) Setting up of Railway University.MoU on cooperation with Republic of KoreaIndian Railways and Republic of Korea signed a MoU on Technical Cooperation In the Rail Sector. The MoU would enable technical assistance and cooperation between the Railways of the two countries on areas such as High Speed Rail, Modernisation of Rolling Stock, Railway Operations, Modernisation of Signalling, Construction & Maintenance technologies and in development of Logistics Parks/Terminals.Cooperation with Czech RepublicMoU has also been signed with Czech Republic for technical assistance in Railway sector. The potential cooperation areas mentioned in the MoU are Freight operations- Logistics of automotive transport, Passenger operations – raising of speeds upto 200 kmph; Infrastructure building and management – station development and workshop modernization; Information & communication technologies especially for passenger amenities ; Modernisation of rolling stock; Modernisation of signalling & telecom etc.Cooperation with AustriaThe 2nd Indo-Austrian Joint Working Group meeting on the Technology Specific Cooperation in the field of Railways was organized on 9.9.2014.Cooperation among SAARC nationsMinistry of Railways hosted the 5th meeting of the SAARC Inter governmental Group on Transport on 30thSeptember,2014 at Vigyan Bhawan ,New Delhi,The meeting was attended by all the SAARC member countries.Relief during Nepal earthquakeDuring the Nepal earthquake crisis, Railways made available to Nepal about 4 lakh Rail Neer drinking water bottles. Railways also made available to earthquake victims the facility of the Railways hospitals situated in the border towns. Railways also facilitated travel of earthquake victims.IMPROVED PERFORMANCEIncrease in Railways’ revenue earningsThe total approximate earnings of Indian Railways on originating basis during the financial year 2014-15 (1st April 2014 to 31st March 2015) were Rs. 157880.50 crore compared to Rs. 140761.27 crore during the same period last year, registering an increase of 12.16 per cent.Improved Freight loadingIndian Railways carried 1097.57 million tonnes of revenue earning freight traffic during the financial year 2014-15 i.e. from 1st April 2014 to 31st March 2015. The freight carried shows an increase of 44.02 million tonnes over the freight traffic of 1053.55 million tonnes actually carried during the corresponding period last year, registering an increase of 4.18 per cent.MISCELLANEOUSPathbreaking Railway BudgetRailway Budget 2015-16 was completely depoliticized making it a long term perspective document.The thrust areas identified in the budget include Quality of life in journeys, station redevelopment, capacity augmentation, safety, technology upgradation, partnerships for development, improvements to management processes and systems, resource mobilization, human resources, energy and sustainability, transparency and governance initiatives.28 announcements made in the Budget speech already implemented.Railways players bring laurel to the nationRailway sportspersons as a part of Indian contingent at recently concluded Commonwealth Games-2014, (CWG) at Glasgow, Scotland, again brought glory to the nation by bagging 9 medals out of total 64 medals won by India.Renovation of National Rail MuseumA big renovation exercise was undertaken in National Railways Museum, Delhi. Musical Fountain, Toy Train and Renovated Exhibits have been added at the Museum.

May I be permitted to dispel misrepresentations — once and for all, preferably?Omkar Patil has written a brilliant answer highlighting the horrible conditions faced by Savarkar in the jail. I need not highlight the same again. What I shall do is to examine the petitions written by him.I have created a Quora space: Vinayak Damodar SavarkarThere are, in that space, posts dedicated to comprehensively analyzing his petitions, but for the purpose of this answer, I shall deal with them compendiously.In the petition dated 14 November 1913, Savarkar dedicates the first four paragraphs to highlighting the malicious manner in which the British subjected the political prisoners to inhuman treatment, although they were political prisoners and not hardened criminals who were notorious for dacoity, rape, murder etc.He clearly highlights in the fifth paragraph:I am not asking for any preferential treatment, though I believe, as a political prisoner, even that could have been expected in any civilized administration in the Independent nations of the world; but only for the concessions and favour that are shown even to the most depraved of convicts and habitual criminals.The following paragraph is generally used by vested interests as evidence that Savarkar had “gone over to the British:Now, no man having the good of India and Humanity at heart will blindly step on the thorny paths, which in the excited and hopeless situation of India in 1906–1907 beguiled us from the path of peace and progress. Therefore if the government in their manifold beneficence and mercy release me, I for one cannot but be the staunchest advocate of constitutional progress and loyalty to the English government, which is the foremost condition of that progress.There are two very simple points that can explain this paragraph. The first is that while this language may appear servile today, it was in fact very common to employ such polite words in those days. It would be unfair to ignore the fact that Savarkar had studied law, and a legal document, in particular one addressed to a higher authority, uses such language quite routinely. Secondly, for a petition to be effective, one would have to strive one’s hardest to present logical arguments to convince the British that the author is willing to shun armed revolution. Of course, one cannot write, “Please release me in order that I may commence revolution against His Majesty’s Government once more”.Now, the Congress was also campaigning for constitutional reforms. It could not have done so without some degree of loyalty to the British, for such bargaining for concessions would have required the Congress to accept the British authority over India in the first place. This is common sense. If one does not recognize the authority of a particular government, how could one demand constitutional reforms from the same government and cooperate with it for the same purpose? Thus, loyalty to the English government was implicit in participation in constitutional reforms. Dr. B. R. Ambedkar, while campaigning for the depressed classes, deposed before the Southborough Committee, the Simon Commission and simultaneously continued with his legal practice. Evidently this implies an acceptance of the British authority. Can one term Dr. Ambedkar a traitor on that account? Such an allegation would not be logical even in one’s wildest dreams. How can Savarkar then be called a traitor? He only made explicit what was indeed implicit; loyalty to the British was a prerequisite of constitutional reforms. Remember that the Congress had not called for complete independence at that time. If Savarkar be declared a traitor, so must the Congress stalwarts like Gopal Krishna Gokhale and Dadabhai Naoroji. But that would be inappropriate. The same yardstick must necessarily be applied to Savarkar.There is another line touted by the vested interests who do not like Savarkar:I am ready to serve the government in any capacity they like, for as my conversion is conscientious so I hope my future conduct would be.As highlighted by me earlier, loyalty to the government is implicit in the participation in constitutional reforms. You are, in legal terms, indeed serving the government if you have accepted a position of authority to implement these reforms. The words “serve the government” must, therefore, be seen in this context and not in the sense of slaving for them.One would do well to not ignore this line from the same petition that immediately precedes the line pertaining to serving the government:Moreover my conversion to the constitutional line would bring back all those misled young men in India and abroad who were once looking up to me as their guide.It is no secret that Savarkar spearheaded the organized armed revolutionary movement, and many revolutionaries therefore looked to him as a guide. This line shows how much he cared for his fellow revolutionaries. If he could guide them under constitutional reforms, they would have no need to take recourse to arms and, therefore, their lives would have been saved. Since they looked up to Savarkar as a guide, seeing him turn to the path of constitutional reforms could very well have prompted many of them to do the same.Then there is the following line from the petition that is quoted as an apparent proof of his treachery:The Mighty alone can afford to be merciful and therefore where else can the prodigal son return but to the parental doors of the government?Strange that this line must be construed as proof of being a turncoat. The prodigal son is a Biblical reference. Look up “The parable of the prodigal son”. It is quite possible that Savarkar was appealing to the religious sentiments of the British. If one goes through his book Majhi Janmathep (My Transportation for Life) one would find that Savarkar had indeed read the Bible and it did have an impression on his mind. Therefore, the case that he was appealing to the religious sentiments of the British is very much founded.The petition dated October 1914, while different in its usage of words, pretty much covers the same topics. For instance:. . .and moreover when the Royal Road of constitutional success is thrown so wide open as Lord Hardinge has done, who is so depraved and fanatical as to hang to the thorny paths of blood or crime?There is a very important sentence from this petition that all vested interests deliberately ignore. I suspect malicious intentions in their doing so:If the Government suspect that my real intention in writing all this is only to secure my release, then I beg to submit let me not be released at all, with my exception let all the rest be released, let the volunteer movement go on—and I will rejoice in that as if myself was allowed to play an active part.In effect, he makes a case for all the others to be released and displays his willingness to stay in prison to emphasize that he was not writing merely for himself, but for others. Why is this sentence ignored by those who quote his petitions?In terms of content, his petition dated 4 October 1917 is even better. He cites examples from around the world to make a case for the release of the political prisoners.In Canada, revolts and rebellions were the order of the day; a bold statesman like Lord Durham rose and showed confidence—and now the grandsons of the Leaders of those rebellions are fighting in Flanders on the British side. The Boers fought and lost the day; but the English realizing the gravity of the situation and remembering the history of America and Cape Colony, behaved as a wise conqueror should do, and gave them autonomy and the result is that though a Dewett did rebel, yet there only a Dewett to be put down and not a Botha, too! Or can India be suspected of being less confiding and less generous in her response to any magnanimous and sincere dealing of the British people?He points out that the British were being magnanimous to prisoners in other countries but discriminated against Indian prisoners. In the very next sentence, he proceeds to highlight:History shows that the fault of India, if fault it was, had been, not that she was less but that she was too generous and too confiding.This cannot be a line that a traitor would use. This sentence is clear proof of his continuing patriotic fervour. The implication of the sentence is that the invaders took advantage of the generosity of India (which, manifestly, includes the British themselves).The paragraph thereafter again emphasizes that no one would participate in revolution were constitutional reforms to be implemented, for there was simply so much to do in terms of social reforms. For instance, this portion from the petition is a good illustration of his disposition:When there was no Constitution, it seemed a mockery to talk of constitutional movements. But now if such a constitution exists, and Home Rule is decidedly such, then so much political, social, economical and educational work is to be done and could constitutionally be done that the Government, may securely rest satisfied that none of the present political prisoners would choose to face untold suffering by resorting to underground methods for sheer amusement!This is not treason. This is pure logic. He again emphasizes the importance of releasing all political prisoners:How can there be peace and mutual confidence and love in the land in which thousands of families are literally torn to pieces and every second home has either a brother or a son or a husband or a lover or a friend snatched away from its bosom and kept pining in the prisoner? It is against human nature, for blood is thicker than water.Thereafter, he again cites examples from the world over:Fourthly, all over the world the prisons have been thrown open to those who had been pent up for the sake of political principles. Not to mention Russia, France, Ireland and Transvaal. Even Austria could not refuse amnesty to her political prisoners even while the war is still hanging heavy over her. Nor could it be said that the prisoners thus released were convicted of ‘general participation only’ for in the case of suffragists, almost all of them had been convicted of ‘individual acts’, to quote Mr. Bonar Law, including arson, and yet were released immediately after the war broke out. It could not be that a step, which had been thought beneficial in all the nations of the world should prove disastrous only in India.The impassioned appeal to the British that they must not discriminate against Indians is very clear. Obviously, why should India alone be bereft of the release granted to prisoners, when all other countries had decided to do so in their respective territories?The next sentence is even more significant:Fifthly, as long as some of those whose names are rightly or wrongly, but undoubtedly revered by thousands of souls are still kept in the Jail; and are looked upon as foes to the present order of things, so long the tradition of opposing authority would continue to produce its own devotees and even blind followers.This is, in fact, a warning to the British that keeping political prisoners, who were so respected, in imprisonment, would continue fostering resentment. He follows by repeating that the followers of such prisoners may also switch over to constitutional reforms should the prisoners themselves do so.He repeats what he had written in his petition preceding this one:In conclusion, I beg to add, in all sincerity, that if the Government thinks that it is only to effect my own release that I pen this; or if my name constitutes the chief obstacle in the granting of such an amnesty then let the Government omit my name in their amnesty and release all the rest; that would give me as great a satisfaction as my own release would do.Can these ever be the words of a traitor? Of course not! He goes further to include even those who had been exiled, and not merely those who had been imprisoned.It was not only Savarkar who wrote petitions. In his petition dated 20 March 1920, he highlights:Well, the monster petition that the Indian public had sent to His Majesty and that had been signed by no less than 5,000 signatures, had made a special mention of me in it. I had been denied a jury in the trial; now the jury of a whole nation has opined that only the eagerness for political progress had been the motive of all my actions and that led me to the regrettable breaking of the laws.It is significant to note that in December 1919, Emperor George V ratified the Government of India Act (Montagu-Chelmsford Reforms) through a Royal Proclamation. Clause 6 of the proclamation was as follows:In simple words, the Emperor desired that his Royal clemency be exercised to political prisoners. In accordance with the same, most political prisoners were released from the Cellular Jail. The prisoners had to sign a pledge indicating their abstinence from politics and revolutionary activity for a stipulated number of years. On being guilty of treason again, they were to be sent back to the Andamans to serve the remainder of their life sentence. Savarkar and his elder brother, however, had been excluded from the general amnesty by the prison authorities.Savarkar, therefore, made a brilliant case for the release of himself and his brother in the petition dated 20 March 1920:…I beg to point out, that there had been no prosecution against any member of my family till this year in 1909; while almost all of my activity which constituted the basis for the case, have been in the years preceding that…The prosecution, the Judges and the Rowlatt Report have all admitted that since the year 1899 to the year 1909 had been written the life of Mazzini and other books, as well organized the various societies and even the parcel of arms had been sent before the arrest of any of my brothers or before I had any personal grievance to complain of (vide Rowlatt Report pages 6 &c.)…Then, he highlights further legalities:The Proclamation does not make any distinction of the nature of the offence or of a section or of the Court of Justice, beyond the motive of the offence. It concerns entirely with the Motive and requires that it should be political and not personalHe also highlights that revolutionaries Barin Ghose and Hemchandra Das, who were directly involved in political assassination, were released:These men had confessed that one of the objects of their conspiracy was ‘the murders of prominent Government officials’ and on their own confessions, had been guilty of sending the boys to murder magistrates, etc. This magistrate had among others prosecuted Barin’s brother Arabinda [Aurobindo] in the first ‘Bande Mataram’ newspaper case. And yet Barin was not looked upon, and rightly so, as a non-political murderer.He highlights how the case against him would legally be much weaker:In my respect the objection is immensely weaker. For it was justly admitted by the prosecution that I was in England, had no knowledge of the particular plot or idea of murdering Mr. Jackson and had sent the parcels of arms before the arrest of my brother and so could not have the slightest personal grudge against any particular individual officer. But Hem had actually prepared the very bomb that killed the Kennedy’s and with a full knowledge of its destination. (Rowlatt Report, page 33). Yet Hem had not been thrown out of the scope of the clemency on that ground…In the case of my brother this question does not arise as his case has nothing to do with any murders, etc.He also highlights how the release of his brother and of himself would be compatible with public safety:And as to my revolutionary tendencies in the past; it is not only now for the object of sharing the clemency but years before this have I informed of and written to the Government in my petitions (1918, 1914) about my firm intention to abide by the constitution and stand by it as soon as a beginning was made to frame it by Mr. Montagu.Many have misconstrued from the earlier petitions about his offer of serving the British in any capacity he likes. While I have highlighted earlier how participation in constitutional reforms indeed entails a degree of service in the British government, Savarkar elucidates upon it further:The danger that is threatening our country from the north at the hands of the fanatic hordes of Asia who had been the curse of India in the past when they came as foes, and who are more likely to be so in the future now that they want to come as friends, makes me convinced that every intelligent lover of India would heartily and loyally co-operate with the British people in the interests of India herself. That is why I offered myself as a volunteer in 1914 to Government when the war broke out and a German-Turko-Afghan invasion of India became imminent.It so happened that during the Khilafat movement, there were apprehensions that the Amir of Afghanistan would be invited to invade India by the mobilized Muslims, in which case the country might be subjugated to Muslim Raj from the British Raj. Dr. Vikram Sampath, the contemporary biographer of Savarkar, writes in his book that Chittaranjan Das, the mentor of Subhas Chandra Bose, wrote to Lala Lajpat Rai that he did not fear the seven crore Muslims of India, but the seven crores of Hindustan, plus the armed hordes of Afghanistan, Central Asia, Arabia, Mesopotamia and Turkey would be irresistible and would pose a grave national threat to India.You would be astounded to know that Gandhi supported such a pernicious move:Savarkar knew it would pose a grave danger to India. He had evidently foreseen the possibility of India being subjected to such an invasion from the Islamic hordes right from the days of World War 1 itself. This also finds mention in his book Majhi Janmathep. There would be discussions about it with the Muslim prisoners in Cellular Jail. The Muslims would fantasize about Muslim Raj in India while Savarkar, armed with facts, would disappoint them by stating that this would not materialize, and that it was Germany on whose strength the erstwhile caliphate was fighting the British, and not the other way around.It is significant to note that the harshness of Cellular Jail had a considerably adverse impact on Savarkar’s health. He had developed dysentery and was gripped with fever burning 102 degrees for many months. He, therefore, highlights his willingness to stay out of politics:But if the Government wants a further security from me then I and my brother are perfectly willing to give a pledge of not participating in politics for a definite and reasonable period that the Government would indicate. For even without such a pledge my failing health and the sweet blessings of home that have been denied to me by myself make me so desirous of leading a quiet and retired life for years to come that nothing would induce me to dabble in active politics now.Another significant portion from his petition is as follows:In the end, I beg to express my gratefulness for the release of hundreds of political prisoners including those who have been released from the Andamans, and for thus partially granting my petitions of 1914 and 1918. It is not therefore too much to hope that His Excellency would release the remaining prisoners too, as they are placed on the same footing, including me and my brother.Ostensibly to add effect to his petition, he writes the following in the next paragraph:The brilliant prospect of my early life all but too soon blighted, have constituted so painful a source of regret to me that a release would be a new birth and would touch my heart, sensitive and submissive, to kindness so deeply as to render me personally attached and politically useful in future. For often magnanimity wins even where might fails.That quote may also be used to prove that Savarkar had gone over to the British. However, it must be noted that he has not regretted the revolutionary activities themselves, but the fact that circumstances had been so.While Savarkar was at Cellular Jail, one of the revolutionaries had written a long letter detailing the horrors all political prisoners had to face in the jail. The revolutionaries together, Savarkar included, hatched up a plot to smuggle this letter to mainland India. The letter had been sent to the newspaper The Bengalee and it created a sensation throughout India.In light of this, Sir Reginald Craddock from the Home Department of the Government of India, had personally arrived for an inspection at the Cellular Jail. If the vested interests, despite all evidence to the contrary, suspect that Savarkar had become an ally of the British, they would do well to note Reginald Craddock himself detailing that Savarkar was not apologetic and that he “cannot be said to express any regret or repentance for whatever he did”. He further notes:So important a leader is he that the European section of the Indian anarchists would plot for his escape which would before long be organized. If he were allowed outside the Cellular Jail in the Andamans, his escape would be certain. His friends could easily charter a steamer to lie off one of the islands and a little money distributed locally would do the rest.Surely, Reginald Craddock knew more than our friends on the Left?In which petition has he expressly sought forgiveness? None?? That’s right! You may, therefore, cease calling him maafiveer.Another revolutionary, Sachindra Nath Sanyal in his memoirs Mera Bandi Jeevan, talks about sending an identical petition as Savarkar and being released while the latter was still imprisoned since the government feared that their release would rekindle the fizzled revolutionary movement in Maharashtra that they had spearheaded through their secret organisation – Abhinav Bharat.Interesting that Sachindra Nath Sanyal is not demeaned by the vested interests. Indeed, he should not be, and the same must apply to Savarkar.Now, to those who assert that Savarkar did nothing against the British after he was released from house arrest in 1937, I have something interesting to share.This is the documentary commissioned by Indira Gandhi in 1983. The Films Division created this documentary, and it therefore finds presence on the official YouTube channel of the Ministry of Information and Broadcasting, because the Films Division is a part thereof.In this documentary, it has clearly been mentioned that Savarkar exhorted the Hindu youth to enlist in the British Indian Army, receive arms training and “turn the gun in the appropriate direction at the opportune moment”. You can hear Savarkar’s own voice in this regard.It has also been expressly mentioned in the documentary that Subhas Chandra Bose had secretly met Savarkar at his residence, and while the details of the meeting are yet unknown, it was only thereafter that Bose considered resorting to armed rebellion.Some hypothesize that Savarkar was actually discreetly in touch with Rash Behari Bose in Japan, who was the original architect of the Indian Independence League and the INA, and who handed over charge to Netaji.Dr. Vikram Sampath notes the following:In a Japanese paper Dai Ajia Shugi, Rash Behari Bose commended Savarkar as a rising new leader of India.Subhas Chandra Bose had sanctioned the translation of Savarkar’s book on 1857 in Japanese. Tamil versions of the same were found with one of the officers in Bose’s Azad Hind Government.Subhas Chandra Bose, in a radio address from Japan, said that while the Congress denounced those who enlisted in the British Indian Army, it was Savarkar who had ensured that those who enlisted and received arms training, defected to the INA and swelled its ranks.Another fun activity for our friends on the Left. I think it is now well known that Chhatrapati Shivaji Maharaj wrote letters to Aurangzeb, which in their objective, were quite the same as Savarkar’s petitions, so that during periods of peace, Maharaj could build his military strength further and again attack the Mughals.I now pose a challenge to them. Let them conduct a huge rally in Maharashtra, and declare openly that Maharaj was not a patriot because he wrote similar letters, and that he was a traitor. If no Marathi individual gets inflamed enough to eliminate them, I shall myself send “apology letters” to them. Do they accept this deal?More articles to read which you may find interesting:Savarkar wanted to smash caste system, cooked prawns and didn’t worship the cowSavarkar unplugged: From film and science to caste and HindutvaIf Gandhi is father of nation, Savarkar is father of national securityRead this before deciding whether Savarkar was a British stooge or strategic nationalistCompare Savarkar with Shivaji, not Bhagat SinghDear NSUI, Bhagat Singh And Subhas Chandra Bose Admired Savarkar And His Ideas'Vinayak Damodar Savarkar's name was a byword for patriotism'https://www.opindia.com/2019/08/historians-need-to-reevaluate-our-freedom-struggle-vikram-sampath-talks-about-congress-being-a-british-creation-savarkar-and-more/https://www.opindia.com/2018/05/here-are-the-5-most-popular-lies-that-leftists-peddle-against-veer-savarkar/https://myvoice.opindia.com/2019/09/contrasts-between-savarkar-and-nehru-how-merciful-the-british-were-to-nehru-harsh-to-savarkar/Satirical: https://myvoice.opindia.com/2019/06/in-conversation-with-nehru-on-savarkars-mercy-petitions/

There may not be much questions on the subject especially on mathematics, chemistry or physics.There may be questions on the following subjects:CommerceEconomicsHistoryComputer scienceIt has to be noted that the interview is conducted by only retired bank executives and the following will be their main focus when it comes to questions:BankingEconomicsCapital marketCurrent affairsRecent budgetPersonalities who are in the news recentlyRecent happenings in the field of banking, politics and money mattersPlease read the following for better guidance:Tips for Interview for recruitment as Probationary Officers in banksInstructions to candidatesThe purpose of the interview:The purpose of any interview is to select one suitable individual for the concerned post. The person to be interviewed may be having higher qualifications; however, he may not be having the requisite potentials or caliber in handling the job offered namely; better communication ability, leadership quality, emotional strength and efficient interpersonal relationship. Banking demands people who are willing to work hard by mingling with customers freely and friendly apart from maintaining a cordial; social and friendly relationship with the colleagues and superiors.Phases of the interview:The interview is conducted in four phases namely;·the first phase during the course of which questions are asked about the individual and his specialization in any area;·the second phase wherein questions are asked about the bank for which the interview is conducted;·the third phase wherein questions are asked about general banking, economy, finance and latest developments and·the fourth phase is the final round for the interview.The interview committee:The interview committee consists of three to five imminent personalities who are well versed in banking matters and normally the services of executives or retired executives of various commercial banks are utilized for the purpose of conducting the interview. The following system is adopted by the committee members during the course of interview process:·While one member poses questions to the candidate, the remaining members observe the body language of the individual as to how he reacts to the questions and especially in respect of difficult questions;·They also review as to how the candidate comes forward in presenting his answers in a crisp manner thereby providing the relevant points expected by the committee members at the shortest possible time.·Basing upon the answering ability, communication ability, level of confidence, willingness to accept challenges etc., the committee members select the individuals by awarding better gradation.·When the candidate is found to be inattentive on account of low level of self confidence or some other factors, the committee members pose provoking questions so that the candidate is emotionally provoked and aroused to come forward with appropriate answers.The interview process:The interview process consists of the following stages:·Attendance marking by the candidate at the reception committee and filling up the relevant format thereby furnishing his details;·Verification of the certificates namely; qualification certificates, experience certificates, certificates relating to extracurricular activities etc., by the reception committee/team members;·Candidate waiting at the reception hall for his turn;·Once called, candidate entering into the interview room duly seeking permission of the team members;·Candidate thanking the interview members for permitting him/her inside the cabin;·Candidate sitting on the seat once offered by one/more members in the interview committee;·Candidate thanking the person who had offered the seat;·Candidate shaking his hands with the members, if offered;·Candidate eagerly awaiting for the questions from the members;·Candidate mentally preparing himself to attend the interview with full concentration maintaining regular eye contact with the committee members;·Candidate answering the questions posed by the members enthusiastically, till the entire process is treated as completed;·Candidate collecting all certificates and documents once the interview is treated as completed;·Candidate thanking the committee members and·Candidate politely raising from the chair, walking towards the entrance, opening the cabin door and gently closing the door behind him;·Candidate meeting other candidates awaiting at the reception hall cheerfully.Dress code:·Dress code is most important aspect and a person is judged by the dress he wears. Dress makes half man.·For men: Please wear a neat full length trouser and one full length shirt – preferably white or light shaded; Usage of “T” shirts greatly dampens the image of the candidate and the purpose of using any ‘T” shirt is to have better comfort during the course of walking, relaxing, jogging, running, partying and relaxing. As such “T” shirts are not considered to be a fit wear during professional meetings including interviews. Do not wear highly dark colored and checked dresses. The candidate has to wear a good quality shoes neatly polished. If possible he can wear a “tie” and this is purely optional and certain organizations pay more attention to the personality of an individual which gets improved by way of better dressing.·For girls: Under any circumstances girls should not wear provoking dresses namely; “T” shirts, jeans pants, trousers, half gowns and shirts with messages and blouses with low cuts. A neat chudithar is considered to be the best option and wearing of sarees improves the image of the individual.A.Questions during the first phase:·Initially the candidates are invited to tell about their personal life and interests, their family members, their ambitions, their qualifications, their achievements in studies, sports, music and any other extracurricular activities;·The second question is about the place to which the candidate belongs. In case the candidate belongs to Chennai, he will be asked to tell about Chennai and the importance of the place. Necessarily the candidate should have a thorough knowledge about the place from which he is hailing;·The interviewers will pose “ice breaking questions” in order to shift the focus of the candidate. This is for the purpose of finding out the reaction of the candidate during such “focus change”. (Banks demand people who are able to face any challenges);·During the first two to three minutes, more than 80 percent of the questions will be on the personal details and basic information about the candidate. It has to be remembered that – “The first impression is the best impression” and accordingly the candidate has to behave politely, calmly, courageously and confidently.Sample questions during the first phase:·01. My dear friend, now tell us about yourself: The candidate has to inform in a crisp manner about himself, his family, his qualifications, achievements if any etc. Unnecessary details should be avoided altogether and the candidates at no cost should provide information to the committee members with an intention to derive sympathy from the committee members. Such an attitude will prompt the members either to reject or award poor marks.·02. I see – you are from Chennai – please tell me about Chennai: Since the candidate belongs to Chennai, he is invited to tell about Chennai and he should have pre-hand information about Chennai and should come forward to tell about important places in Chennai namely; Marina beach, High Court, Kabaleeswarar Temple, Metro train facilities, Santhome church, International airport, Asia’s biggest bus station at Koyembedu and many more.·03. I find that you had studied in Presidency college. What was the reason for your preference of this college?. How was your life in the college? The candidate has to tell about the college; the achievements of the college in academic scenario as well as in sports and in other areas;·04. I find that you had studied “EEE” - why you had chosen the course? The candidate has to tell about the purpose and the potential available for the students who had opted to pursue EEE course.·05. You are in Chennai for a long period. What is your opinion about Chennai?·06. You are having “EEE” in engineering and why you are willing to get employed in banks? (Your reply should be – In fact by working in a bank, I can develop my relationship with public in a better manner; improve my knowledge and provide better service to as many people as possible since the banks are purely service oriented organisations. I find that I can have more career prospects in future by getting employed in the banks)·07. What are your strengths and weaknesses? – Your answer should be: I am always willing to work hard under all circumstances and since I have a good communication ability, I hope that I can surely develop friendship with my colleagues, clients and others in a fast manner so that I can contribute better to the society.·08. You are a highly qualified person having one MBA degree apart from a degree in Engineering. What is the guarantee that you will be in the bank without shifting your attention to some other employment potential after some time?: Your reply should not be: On account of unemployment problem, I am joining the bank; Your reply should be – even though I have better qualifications, I wish to work in the banking industry because I can have better opportunities to serve for the welfare of the society by working in the bank than any other organisations.Responsibilities of the candidates appearing for the interview:The candidate should do a home work and he should always depend upon his positive straits namely; his strength, achievements and abilities and necessarily he should believe in himself that he can accept and do the job in a better manner and he should altogether avoid any negative reply or angry reply under any circumstances; even when provoked or tempted by the interview board members and the candidate should remain calm and wear a broad smile during the entire interview process.A smile has the power to keep the individual in better spirits at all times.The following question may provoke the candidate –·Dear friend, considering your personality, I find that you look like a film actor. How do you feel yourself ?(You had not at all expected this question and you are tempted to provide an apt reply to them: Your reply should be– In fact I am fond of wearing a neat dress and I take care of my health by doing physical exercises regularly apart from eating moderate food and getting into the bed at the appropriate time. I always believe in the following proverb – “Health is wealth”. An individual may not be in a position to discharge his duties properly without adequate health. The habit of eating quality food, regular exercise and better dressing are the factors which are responsible for my personality.B.Second phase of the interview process:During this phase, questions will be asked about the bank for which the candidate is appearing for the interview and the following are some sample questions in case the candidate is appearing for a post in Punjab National Bank:·Do you know – where is the head office of Punjab National Bank?·Who is the present chairman of the bank?·How many branches are there in Punjab National Bank as on date?·Can you tell me about the total business of the bank?·Can you tell me about some deposit schemes available in the bank?·What do you know about the logo of Punjab National Bank?·What is the punchline of Punjab National Bank?·What is the position of Punjab National Bank among the commercial banks in the country as on date?(It is the responsibility of the candidate to collect the necessary information about the bank for which he is appearing for the interview by visiting the website of the bank and referring other material sources in order to get the required information about the bank namely; the headquarters, number of branches, total business, profit position, important schemes, tie up with another banks, achievements of the bank, if any; the present position and ranking of the bank in terms of business, profitability, non performing assets, productivity of the employee etc., In case the candidate is appearing for a group of banks, he should have information in general about all the banks in the group)C.Third phase of the interview:During this phase, questions will be asked on general banking practices as mentioned below:The following are the questions regarding the banks in general:·Have you visited any bank branch? What was your experience?·What is the business of any bank?·What are the essential/primary functions of any bank?·What are the secondary functions of any bank?·Who can open a savings bank account?·What do you know by KYC guidelines?·Why banks insist customers in adhering to KYC guidelines?·What is the difference between Current deposit account and Savings deposit account?·What do you mean by CASA account?·Who normally opens a current account?·What do you know by a fixed deposit account?·Can a company open a savings account?·Can the director of a company open a savings account?·Who is the controlling authority for the banks in India?·What is a foreign bank?·What is meant by a public sector bank?·Which is the largest private sector bank in the country?·Which is the largest bank in the country?·You are working as an officer in savings department. The customer complains about the irritating behavior of the clerk who is working under your supervision. What will you do in this situation?·Your manager delegates some work and you are failing in doing the work within the allotted time and your manager is not happy with your performance. How will you convince your manager?·Today there is some news about annual credit policy. What do you know by that?·What do you know by reverse repo rate?·What is called as inflation?·What is rupee convertibility?·What do you know by gross domestic product?·What do you know by ASBA?·What do you know by Sensex?·What do you know by a convertible debenture?·What is an initial public offer?·What do you know by facebook – whether it is good or bad for any individual and what is your opinion?·What are the advantages and disadvantages of Whatsapp?·What is your opinion about currency demonetization and how far the process helps in improving the economy of the country?(The above questions are illustrative and not exhaustive and the candidate should know fairly well about many banking as well as general aspects)D.The fourth phase of the interview:Like the initial phase or first phase, this fourth phase is also important wherein tricky questions will be asked as mentioned below:·You are hailing from Coimbatore. In case you are posted to Chennai whether you will be willing to work at Chennai?. (Your answer: If I am posted at Coimbatore, I shall try my level best to bring more business to the bank since I know the place and people well and I can take care of family members who are dependent on me. Even otherwise, I shall discharge my duties to the best when I am posted at Chennai)·Suddenly on account of computer crash, you have to sit late – whether you will be willing to sit late and finish the job or leave early without informing your superiors? (Definitely I will never mind in sitting late and I shall always cooperate with my superiors in finishing the day to day functions of the branch. I am one among the team members and I have the responsibility to cooperate with other members during critical situations)·What information are you willing to tell about yourself? (If I am selected, I shall work hard and I shall discharge my duties to the entire satisfaction of my superiors. I shall always do the best from my side for the growth of my organization.)Selected Interview QuestiomsCandidate: 00101.Why you are willing to join in a bank?I am willing to join in a bank since I hope that I may be having more opportunities to serve the public. Banks have better career opportunities by means of periodical promotions to higher cadre.02.What do you mean by appraisal of gold loans?Gold loans are granted against the security of gold jewellery namely gold chains, necklaces etc., The jewellery apart from gold contains certain amount of copper and stones. Appraiser is a person well versed in the art of appraising the jewellery and on appraisal of the jewellery, he will be finding out the approximate gold content so that the bank may be able to provide loans against the gold content.03.What are the different kinds of term deposits available in a commercial bank?The different kinds of term deposits available in a commercial bank are – fixed deposit, recurring deposit and reinvestment deposit. In the case of fixed deposit, a fixed amount is accepted for a definite period and interest is paid on quarterly basis. In the case of reinvestment deposit which is similar to fixed deposit, interest is paid on maturity since interest is reinvested. In the case of recurring deposit, monthly instalments are accepted for a fixed period.04.What is the minimum period for which a fixed deposit is accepted and the maximum period for which a fixed deposit is accepted?The minimum period for which fixed deposit is accepted is seven days and the maximum period is ten years.05.Whether a fixed deposit can be accepted for a period more than ten years?In the case of deposits in the names of minors on account of settlement of claims, the deposit can be for more than ten years06.What do you mean by FERA?FERA means foreign exchange regulations act and it came into effect from the year 1973. An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act ( FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.07.What do you mean by ECS?ECS means electronic clearing service and the customer can authorize on periodical basis to make payment of certain utility bills like electricity charges, water charges etc., by debiting his account till such time he submits a revocation letter. Similarly, he can authorize corporate to credit the dividends on shares and interest on debentures as and when due to the credit of his account with the bank.08.What is the minimum amount that can be sent through RTGS?The minimum amount that can be sent through RTGS is Rupees two lakhs and there is no maximum limit09.What is the maximum amount that can be remitted through NEFT?There is no or maximum limit for remittances sent through NEFT10.What is the maximum amount that can be sent abroad by any resident individual?Under liberalized remittance scheme, all resident individuals including minors are allowed to freely remit an amount upto US dollars 250000 (or its equivalent freely convertible foreign currency) per financial year11..What is the name of apex bank which is responsible for the development of agriculture in the country?NABARD is the apex bank which is responsible for the development of agriculture in the country.12.What are the different kinds of schemes available in our country aiming towards poverty alleviation?National old age pension scheme; Jawahar Gramin Samruddi Yojana; National Family Benefit scheme; Mahatma Gandhi National Rural Employment Guarantee Scheme; National Maternal Benefit Schemel Annapurna etc.,13.What do you mean by crossing of any cheque?Writing of two parallel transverse lines drawn on the face of the cheque on top left hand corner with or without any words between the lines is known as crossing and it is for the purpose of making payment of the cheque through an account in the name of the payee or holder.14.What are the different kinds of crossing?Two parallel transverse lines drawn on the face of the cheque on top left hand corner of the cheque with any words or without any words is known as general crossing and the the payment can be made to the account of the payee or holder with any bank. In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.15.What do you mean by CASA?CASA means current and savings and this is applicable to computerized branches linked under core banking solution16.Whose signature is available in Rs. 100/- currency note?The signature of RBI governor is available in Rs. 100 currency note17.What do you know by dividend?Dividend is the return available in the form of money for the investments made by the shareholders in the equity shares and preference shares of any company.18.Bank holidays are declared according to which act?Holidays for banks are declared according to Negotiable Instruments act 1881 by the respective state governments in their states. However, all Sundays, all second and fourth Saturdays have been declared as holidays apart from the holidays permitted for religious and national ceremonies.19.Banks are functioning according to which act?Commercial banks in the country are functioning according to Banking Regulation act 1949 and to some extent as per Reserve Bank of India act 193420.RBI is functioning in the country as per which act?Reserve Bank of India is functioning according to Reserve Bank of India act 1934.Candidate: 00201.What do you mean by a guarantee?Guarantee is an undertaking executed by one person called as guarantor in favour of another person called as beneficiary expressing his intention to make payment in the event of failure of the principal debtor on payment of a debt or failure to perform any contract within the stipulated time or according to the terms of the contract.02.What are the different types of guarantees?The different types of guarantees are financial guarantee, performance guarantee and deferred payment guarantee03.What do you mean by letter of credit?Letter of credit is an undertaking executed by one banker on behalf of its customer to honour bills and documents drawn by another person as per the terms and conditions as mentioned in the letter of credit04.What do you know by packing credit advance?It is the preshipment advance granted by one bank to the exporter for the purpose of procuring raw materials; payment of various duties like customs duty, excise duty; packing charges; shipment charges etc.,05.What do you mean by special crossing?In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.06.What do you know by IFSC code ?IFSC means Indian Financial System Code and this is one alphanumeric code consisting of eleven digits of which the four alphabetic digits represent the name of the bank mentioned in abridged form and the next zero is known as control number and the last six numeric digits represent the branch code of the bank.07.Which is called as mother of deposits?Savings deposit is known as mother of deposits. Normally the first time customers will be advised to open savings deposits with the bank branch before availing any other facility with the bank08.Who is a called as natural guardian?Bother mother and father are known as natural guardian for the purpose of opening accounts in the name of minors represented by the guardian.09.Whether grandfathers and grandmothers can be natural guardians?Grand fathers, grandmothers grand grandfathers or grand grandmothers cannot represent as natural guardians on be behalf of the minors10.Which type of credit facility is available to a farmer for raising crops?For raising crops, the farmers are provided with crop loans, Kisan Credit Cards etc.,11.What do you mean by NULM?National Urban Livelihoods Mission (NULM) was launched by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India in 24th September, 2013 by replacing the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY).The NULM will focus on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development leading to market-based employment and helping them to set up self-employment venture by ensuring easy access to credit. The Mission is aimed at providing shelter equipped with essential services to the urban homeless in a phased manner. In addition, the Mission would also address livelihood concerns of the urban street vendors12.What do you mean by Gram Sadak Yojana?The Pradhan Mantri Gram Sadak Yojana called as PMGSY was launched by the Government of India for the purpose of providing connectivity to unconnected habitations as part of a poverty reduction strategy. Government of India is endeavouring to set high and uniform technical and management standards and facilitating policy development and planning at state level in order to ensure sustainable management of the rural roads network.13.What are the salient features of MGNREGA?MGNREGA is known as Mahatma Gandhi National Rural Employment Guarantee act and according to this employment is guaranteed at least one person per household in rural areas. It aims at enhancing the livelihood security of people living in rural areas by guaranteeing hundred days of wage employment during each financial year to a rural household whose adult members volunteers to undertake unskilled manual work14.Which authority is supervising the functions of insurance companies?IRDA – Insurance Regulatory and Development Authority is the authority responsible for supervising the functions of insurance companies in our country15.What is meant by IPO?IPO means initial public offer and this is the first time public offer of equity shares, preference shares or debentures to the public for subscription16.What is meant by ASBA?ASBA means applications supported by blocked amount. Nowadays investors are permitted to remit the amount through ASBA demand drafts drawn in ASBA accounts for the purpose of subscribing shares or debentures through initial public offer and further public offer. When the demand draft is issued, instead of debiting the amount in the account, the amount is blocked till such time the shares or debentures are allotted. On allotment, the entire amount is debited; in the case of partial allotment, the amount is debited equivalent to the value of allotment and in the case of non allotment, the entire amount is allowed for further use. For the intervening period, the depositor earns interest as applicable to the category of deposits.17.What is meant by Performance guarantee issued by any commercial bank?In the case of contracts in favour of governments, the contractors are in a position to provide a bank guarantee by a reputed commercial bank, thereby undertaking to guarantee the government department to compensate the loss on account of failure of performance of the contract by the contractor within the due date or failure to perform the contract as per the terms and conditions of the contract. This is known as performance guarantee.18.What do you mean by packing credit facility issued by any commercial bank?Packing guarantee is known as preshipment advance provided by the commercial bank to the exporter for the purpose of procuring raw materials, packing materials or making payment towards customers duty, excise duty, transportation charges etc.,19.What do you mean by notice money?Notice money is money borrowed for a period of two days and more and upto fourteen days in the call money market.20.Treasury bills are issued by which authority and what are the different kinds of treasury bills available in the country?Treasury bills are issued by central government and state governments for the purpose of mobilizing funds from the public and others towards meeting the cost of various projects. There are three kinds of treasury bills as at present namely – 91 days, 182 days and 364 days. 91 days treasury bills are issued each Friday and the notified amount is Rupees one hundred crores. 182 day treasury bills are issued during alternative Wednesdays which is non reporting week and the notified amount is Rupees 100 crores and 364 days treasury bills are issued on alterntive Wednesdays which is a reporting week and the notified amount is Rupees 500 crores.Candidate: 00301.What do you know by PIN number?PIN number is four digit number expressed in numerical characters. PIN number is used for the transactions done using debit cards and credit cards through automated teller machines and point of sale terminals.02.What do you know by PAN number?PAN number is known as permanent account number. This is used for the purpose of remittance of income tax with income tax department. Tax payers should get one PAN number by sending an application along with relevant documents and by payment of specified sum of money to Income tax department or their agencies. It is ten digit number consisting and alphapetical and numerical characters.03.What are the functions of DICGC?DICGC means Deposit Insurance and Credit Guarantee Corporation and this corporation provides deposit insurance upto an amount of Rupees one lakh per depositor per bank in the event of insolvency of the bank and it also provides small loans guarantee upto certain limits04.What is the role played by ECGC?ECGC provides guarantee support to the exporters of the country in the form of several export guarantees05.Mention the Regional Rural Banks which are functioning in Tamilnadu?The Regional rural banks which are functioning in Tamilnadu are Pandiyan Grama Bank and Pallavan Gramin Bank. Pandiyan Grama Bank has been sponsored by Indian Overseas Bank and pallavan Gramin Bank has been sponsored by Indian bank.06.What do you mean by Mergers and what are the different kinds of mergers?When two independent units merge together to form a single unit, it is known as merger. The mergers can be vertical merger, horizontal merger, reverse merger, consolidation, amalgamation etc.,07.What do you mean by horizontal merger and reverse merger?When the business functions of two units are identical in nature and when the merger takes place between those units, it is known as horizontal merger. New Bank of India merged with Punjab National Bank and both are banking organizations. Industrial Credit and Investment Corporation of India Limited was instrumental in establishing ICICI bank as per LPG norms and subsequently Industrial Credit and Investment Corporation Limited merged with ICICI Bank and when a parent unit gets merged with an ancillary unit, it is known as reverse merger.08.Which are the top two private sector banks in our country?The top private sector banks in our country are HDFC bank limited and ICICI bank limited09.Whether housing loan is a priority sector advance and if so, upto what amount?Housing loans granted are treated as priority sector advances subject to certain conditions. Loans to individuals up to Rupees 28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to Rupees 20 lakh in other centres for purchase/construction of a dwelling unit per family, are eligible to be considered as priority sector provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rupees 35 lakh and Rupees 25 lakh, respectively. Housing loans to banks’ own employees are not eligible for classification under priority sector.10.Whether educational loan is a priority sector advance?Loans to individuals for educational purposes including vocational courses upto Rupees 10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.11.What do you mean by micro, small and medium enterprises?The classification is based on original investment in plant and machinery: For micro enterprises, upto Rs. 25 lakhs for manufacturing units and Rupees 10 lakhs for service units; For small enterprises, for manufacturing units above Rupees 25 lakhs and upto Rs. 5 crores and for service units above Rupees 10 lakhs and upto Rupees 2 crores; For medium enterprises, for manufacturing units above Rupees 5 crores and upto 10 crores and for service units above Rupees 2 crores and upto Rupees five crores12.What do you mean by KYC and name any two important documents which are obtained as per KYC?KYC means know your customer guidelines and these guidelines were prescribed by RBI for new customers who are willing to open accounts with commercial banks and according to KYC, any new customer who is willing to open accounts with commercial banks should submit the photocopy of anyone of the following namely; driving licence, voter id card, AADHAARA card, passport as address proof and photocopy of anyone of the following namely; driving licence, voter id card, AADHAAR card, passport, pancard as identity proof. KYC is antimony laundering device.13.What is the present repo rate and reverse repo rate?The present repo rate is 6.25% and reverse repo rate is 5.75%14.In the case of MICR code, the middle three digits represent what?MICR code consists of nine numerical digits and the middle three numerical digits represent bank name15.PAN number consists of how many alpha characters?PAN number consists of ten digits. The first three alpha characters are random alphapetical characters between AAA to ZZZ; next one alpha character represents the category of the cardholder; the next one alpha character represents the first character of the name of the cardholder; the next four numerical digits are auto generated sequential numbers and the last one single alpha character is a check digit.16.What do you know by biometric automated teller machines?In the case of automated teller machines, the four digit numerical PIN number is used for performing transactions using debit card and credit card. In the case of biometric automated teller machines, instead of PIN numbers, anyone of the following body parts is used – left hand thumb impression; eye retina and voice recognition. In India, the left hand thumb impression is the accepted mode and these kinds of automated teller machines are known as green label automated teller machines.17.What is the criteria by which a bank is considered as largest bank?For the purpose of ranking, a bank is considered to be largest or smallest taking into consideration the business position of the bank; namely – the total deposits and total advances as at the end of March each year.18.What do you mean by commercial paper?Commercial papers are issued by well rated organizations for mobilizing funds from the public and other corporate. They are issued at a discount and they are freely negotiable by endorsement and delivery. The minimum maturity period is seven days and the corporate should have earned credit rating equivalent to P2 issued by CRISIL19.What do you mean by FCNR?FCNR means foreign currency non resident accounts. Non resident Indians and Persons of Indian origin are eligible to invest in this deposit. It is a term deposit accepted in the currencies – US dollar, Sterling Pound, Euro, Japanese Yen, Canadian dollar and Australian dollar. The minimum period of deposit is one year and the maximum period is five years and the deposit is held in foreign currencies and the interest earned is free from income tax.20.What do you mean by Escheat?He is a person who dies without leaving any legal heirs and in this case, his estate will revert to the state government.Candidate: 00401.What do you mean by money laundering?Using the banking channel for the purpose of bringing illegal money is known as money laundering.02.What do you mean by subprime lending?Mass lending by commercial banks to the borrowers without ascertaining the credit worthiness of the borrowers03.What is meant by LPG and who is responsible for introduction of LPG strategy in our country?LPG means liberalization, privatization and globalization and this was coined by Dr. Manmohan Singh, the then finance minister of our country. The salient highlights of the Liberalisation, Privatisation and Globalisation Policy in India are: Foreign Technology Agreements; Foreign Investment; MRTP Act, 1969 (Amended); Industrial Licensing; Deregulation Beginning of privatization; Opportunities for overseas trade; Steps to regulate inflation; Tax reforms; Abolition of License -Permit Raj04.What do you mean by PURA?PURA means providing urban amenities in rural areas. This concept was coined by Dr. A.P.J. Abdul Kalam, the then president of India.05.What do you know by current ratio?It is one equation between current assets and current liabilities. This ratio provides the liquidity position of the organization. When the ratio is more than one it is known as positive current ratio and the unit is having sufficient working capital and when it is less than one, the unit is found to have more current liabilities than current assets and the liquidity position is found to be very weak.06.What do you know about negotiable instruments act?In India, the negotiable instruments act was passed during 1881 which came into force with effect from March 01, 1882. Negotiable instruments means and include promissory note, bills of exchange and cheque payable to order or bearer. Promissory note, bill of exchange, cheque and demand draft are negotiable instruments.07.What do you know by MICR?MICR means magnetic ink character recognition. MICR code is available in MICR bank at the bottom of the cheque or demand draft. It consists of nine numerical digits of which the first three digits represent the centre/city; the middle three digits represent the bank and the last three digits represent the branch of the bank.08.When it comes to rural lending, which are all considered to be priority sector advances?When it comes to rural lending, the loans granted to the following are considered to be priority sector advances – Loans granted to all agriculture related activities; self help group; Differential rate of interest; Loans to SC/ST beneficiaries; Loans provided to doctors for setting up clinics in rural areas; Loans to dealers in fertilizers and pesticides; loans to dealers of springler irrigation and drip irrigation equipments etc.,09.Who is called as an authorized dealer?Authorised dealer is at present known as authorized person. Authorised person is an individual or organization permitted to deal in foreign exchange business in the country.10.What do you know by financial inclusion?Financial inclusion means the following: Providing formal banking services to poor people in urban and rural areas; Promoting the habit of money savings, insurance, pension-investment among poor people; Helping the people in getting loans at reasonable rates from commercial banks so that they do not become victims to local moneylenders11.What are the important initiatives taken through financial inclusion in the country?The following are the important initiatives taken through financial inclusion in our country: Lead banking scheme; No frill accounts; Basic savings bank deposit accounts; JANDHAN accounts; business correspondent and business facilitator facilities; Swabhiman campaign;12.What do you mean by MCLR?MCLR replaces the base rate system. RBI introduced the system with effect from 01.04.2016 in order to determine the base rate by commercial to improve the efficiency of monetary policy transmission. All rupee loans sanctioned and credit limits renewed with effect from 01.04.2016 to be priced with reference to MCLR and it will be an internal benchmark for the banks. It consists of marginal cost of funds, negative carry on account of CRR, operating costs and tenor premium. The marginal cost of funds consists of two components namely; marginal cost of borrowings and return on networth13.What are the major money market instruments?Certificate of deposits; Commercial paper; Inter Bank participation certificates; iner bank term money; Treasury bills; Bills rediscounting and call/notice money14.What are the differences between NEFT and RTGS?Both are two categories of online remittance facilities through CBS enabled branches of commercial banks. The minimum balance that can be sent through RTGS is Rupees two lakhs whereas in the case of NEFT, there is no such limit. The beneficiary gets his funds at real time and it means instantaneously without any loss of time. In the case of the beneficiary gets his funds in between batches15.Who is deciding the rate of interest for savings deposit accounts?Rate of interest for savings deposits is decided by respective commercial banks only and RBI has permitted full freedom in this connection.16.Who cannot open savings deposit accounts?Proprietorship concerns, partnership firms, limited liability partnership firms, private limited companies and public limited companies are not permitted to open savings accounts17.What is meant by memorandum of association?Memorandum of association is the parent document for any company whether it is a private limited company or private limited company. It contains the details of formation of the company, policies, objectives, registered office and more.18.What is known as power of attorney?Power of attorney is an authorization given by one person called as principal in favour of another person called as an agent authorizing the agent to perform certain activities on behalf of the principal and it can be specific power of attorney or particular power of attorney.19.In which currencies FCNR accounts can be opened in our country?FCNR account can be opened in the following currencies namely; US dollars, Sterling Pounds; Euro; Japanese Yen; Australian dollars and Canadian dollars.20.What are the differences between NRE and FCNR?NRE and FCNR accounts are opened by non resident Indians and Persons of Indian Origin in India. NRE accounts are to be opened in rupees whereas FCNR is opened in foreign currencies. NRE accounts can be opened in the form of savings account, current account, reinvestment deposit and fixed deposit whereas, FCNR account is permitted to be opened as fixed deposit or reinvestment deposit. NRE term deposits can be opened for a minimum period of seven days and maximum period of ten years. FCNR accounts can be opened for a minimum period of one year and maximum period of five years.Candidate: 00501.What do you mean by masala bonds?Masala bonds are the bonds issued for rupee denominated borrowings by Indian companies in overseas markets02.What do you mean by secondary market in our country?Secondary market pertains to capital market and it is also known as stock exchange or old issues market. Shares, debentures and bonds can be bought and sold from the stock exchange through registered brokers.03.What do you mean by fund based limits and non fund based limits?The loans provided to the borrowers in the form of term loans, overdrafts, cash credits and bills discounting limits are known as fund based limits since funds are released to the borrowers. Guarantees and letter of credits are non fund based limits since no funds are provided for the time being since they are contingent liabilities.04.What do you mean by off balance sheet items?Guarantees, letter of credits and bills sent for collection for which proceeds are yet to be realized are known as off balance sheet items05.What do you mean by closed ended scheme?This is one form of mutual fund scheme. Like initial public offer, the scheme is open for a certain period only and after which the public cannot invest their amount in the units under this scheme.06.What do you mean by open ended scheme?This is one mutual fund scheme and the units under scheme can be purchased and sold at any time07.What do you mean by overdraft facility granted by a bank?Overdraft is a facility granted by the banks towards meeting the working capital requirements of a borrower. This is provided by means of credit limit over and above the current account balance and the borrower has to pay the interest as and when due.08.What do you mean by collateral security?Collateral security is an additional security provided by the borrower in addition to the primary security. For example, in the case of vehicle loan, the car purchased out of loan is known as the prime security and the insurance policy obtained by the bank from the borrower for the sanction of this loan is known as collateral security.09.In regard to educating a customer, what are the different kinds of information boards displayed in a bank branch?The following boards are available in the bank branches – Working hours and business hours; Interest rates on various deposits; Interest rates for loans; Service charges; Time norms for various services; Details of schemes available in the branch10.Who is the present RBI Governor?The present governor of RBI is Shri Urjit Patel and he is functioning as the governor of RBI since 04th September, 201611.What do you mean by unclaimed deposits?The deposits which are not in operation for more than ten years are known as unclaimed deposits. For the purpose of this classification, the customer induced transactions are only taken into account.12.How many regional centres are available for RBI in the country?Reserve Bank of India has four regional centres at the following places – Chennai, Kolkatta, New Delhi and Mumbai.13.What do you mean by white label automated teller machines?The automated teller machines which are maintained and managed by non bank entities are known as white label automated teller machines. In our country TATA Indicash and Muthoot finance are having such machines installed at various centres.14.What are the advantages of CTS?CTS means cheque truncation scheme. This is used for clearing purpose. Normally commercial banks used to send the physical cheques through their15.What do you mean by certificate of deposits?Certificate of deposits are issued by scheduled commercial banks (except Regional Rural Banks) and all financial institutions within their umbrella limits. Individuals, corporate, companies, trusts, funds and associations can invest in certificate of deposits and they are issued for a minimum period of seven days and maximum period of twelve months in the case of commercial banks and in the case of financial institutions the minimum period is one year and maximum three years, Minimum amount for investment is Rupees one lakh and in multiples of Rupees one lakh.16.RBI is called by which names – mention four names?RBI is called by the following names – banker to banker; lender of the last resort; custodian of banks; banker to government;17.What do you mean by ways and means advances?Ways and means advances were introduced as per an agreement between Reserve Bank of India and Government and they are temporary overdraft facilities provided by RBI to central government and state governments and the purpose is to bridge the time interval of mismatch the government expenditure and receipts. The duration of the limit is ten days for central government and 14 days for state government departments.18.Who is banking ombudsman and by whom he is appointed?Banking Ombudsman is an arbitrary authority who resolves the complaints received from the customers of commercial banks in regard to bank related issues.19.What do you mean by EEFC account?Exchange Earner’s Foreign Currency account is an account maintained in an account maintained in foreign currency with an authorized dealer ; i/e/ a bank dealing in foreign exchange. Professionals, exporters, trainers etc., who are in receipt of foreign exchange for the services extended by them in foreign countries can invest the amount in EEFC account and the account will be in the form of current account and no interest is paid for the balance held in EEFC account.20.What do you know by NBFC?NBFC means non banking finance companies. It is a company registered under Indian Companies act 1956 and presently 2013 engaged in the business of providing loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire purchase, insurance business, chit fund business etc.,Candidate: 00601.What do you mean by arbitrage?It is the process of purchase of one security from one market and selling the same security for earning a profit at the same time at another market.02.What do you mean by Bonus shares?It is the free allotment of shares in certain proportion to the existing shares held by the shareholders of a company and this is a means of providing reward to the investors for their contribution to the growth of the organization by capital investment03.What do you mean by Bull?It is a term given to a speculator on stock exchange who buys the securities in expectation of a rise in the prices. The market is called as bullish when there is a domination of buyers over the sellers04.What is known as dematerialization?Dematerialisation is the process by which shares in the physical form are cancelled and they are issued in electronic form. The certificates are known as demat shares. This process eliminates the time and manpower involved in transfer and registration of shares from the seller to the buyer05.What do you mean by moorat trading?It is the auspicious trading on a special day, say Diwali during some specified hours.06.What do you mean by rights issue?It is the issue of new shares to the existing shareholders in a fixed ratio to those already held at a price which is generally below the market price of the old shares.07.What do you mean by futures?It is a standard contract issued on an agreement to buy or sell an asset at a certain price at a certain time in future. It is an obligation on the buyer to purchase the underlying instrument and the seller to sell it.08.What do you mean by forward?The forward is a contract that is traded off the stock exchange and it is self regulatory and has certain flexibility unlike future which are traded at stock exchange only and it do not have flexibility of quantity and quality of commodity to be delivered and these are regulated by Securities Exchange Board of India, Reserve Bank of India or other agencies.09.What do you mean by factoring?Factoring is an arrangement in which short term domestic receivables on sale of goods or services are sold to a company called as factor and this scheme came into existence during 1991 based on the report of Kalyanasundaram Committee10.What do you mean by forfeiting?Forfaiting represents the purchase of obligations, which fall due at some future date and arise from the delivery of goods in export transactions, without recourse to the previous holder of the obligations.11.What do you mean by leasing?A lease is a contract where the owner of the assets transfers the right to another person to use the assets against the payment of fixed lease rentals. In the case of one lease contract, there are two parties namely – the lessor or the owner and the lessee or user. The lessor remains owner and the leased property remains with the possession of the lessee.12.What do you mean by debt market?It is a market wherein the debt instruments are issued to the public by any company for investment and such debt instrument bears a fixed interest rate payable half yearly on specific dates and principal amount repayable on particular date on redemption. Debentures are normally secured/charged against the asset of the company in favour of debenture holder. The following are some debt instruments – debenture; bond; zero coupon bond; convertible bond; security receipts etc.,13.What do you mean by greenshoe option?It is an option provided by Securities and Exchange Board of India to a company which is coming out with one initial public offer to the public. By this option, the company can retain certain portion of the applications received through IPO in case of oversubscription.14.What do you mean by equity market?Equity market consists of investment by the public in different kinds of shares issued by the company and by subscribing for the shares, the investors are expressing their willingness to stand as owners of the company. The equity market consists of equity shares, preference shares, rights shares, bonus shares etc.,15.What do you mean by sweat equity?Directors and employees contribute intellectual property rights to the company in the form of providing technical know-how captured by way of research or contributed by way of strategy software developed for the company or adding profit and economic value. To compensate the directors and employees, the concept of sweat equity has come into existence.16.What do you mean by participatory notes?A participatory note is a financial derivative instrument issued against an underlying security and it allows the holder, to get dividend or capital gains earned from the underlying security although some of the holders may not be eligible to trade in stock markets in India.17.What do you mean by book building?Book building is the process to assess the demand for a particular public issue of various prices, based on which the issue is priced and sold to the investors.18.What do you mean by sensex?It is a stock market index provided by Bombay Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for investment or dis-investment to the general public and especially the investors in the stock market. It is based on the market capitalization of top thirty shares earmarked by BSE19.What do you mean by Nifty?It is a stock market index provided by National Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for the investment or dis-investment to the general public and especially the investors who are participating in stock market trading. It is based on the market capitalization of top fifty shares earmarked by NSE20.What do you mean by swap?A swap is a contract that binds two counterparties to exchange the different streams of payments over the specified period at specified rate.