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State Competitive Examinations – Question Bank

State Competitive Examinations1. National policy for Children, 2013

a) To encourage the rights of the child–to survival, health and nutrition, to education and development, to protection, and participation.
b) To include the needs of children with disabilities.
c) First focuses on the prevention of disabilities. The children’s policy is the first policy document in India that specifically highlights disability as a ground for discrimination that must be countered.
d) The policy highlights the:
• Need for schools to be inclusive.
• For the availability of trained teachers and special educators.
• Appropriate pedagogy and education material.
• Barrier free access for mobility.
• Functional toilets and cocurricular activities towards the development of child’s fullest potential and autonomy as well as dignity and self work.
e) The views of children with disabilities must be promoted and strengthened within the family, community, schools and institutions, different levels of governance, as well as in judicial and administrative proceedings concerning them.

2. Institutionalising a mandatory process of consultation and dialogue would democratizes not just law making, but the state itself- A mandatory consultation process of any change in law.

a)       Firstly, a statement of the objectives and principles of proposed legislation to include at least the need for such legislation. Next, the draft of the legislation on the basis of the above must also be put in the public domain for at least 90 days.
b)       Secondly, to hold public consultations with a particular focus on those who are likely to be impacted/affected by the proposed legislation.
c) Thirdly, incorporation of feedback. Public comments must be summarized along with responses of the connected ministry and submitted to the cabinet along with the draft legislation.

3. Reserve Banks of India has used Inflation Indexed- Bonds

a) Such bonds are indexed to inflation rate and they are bonds with their capital appreciation and coupon payments linked to inflation rates.
b) The aim is that investors who seek safe returns, which are above the inflation level, can go for such
c)       Another aim of RBI and the government is to incentivize household sector to save in financial instruments, rather than buy gold, which is now the favourite hedge of Indian consumers against inflation.

4. National Pension Scheme
a) On retirement, the individual is expected to buy an annuity that will help towards financing retirement consumption.
b) The scheme is in operation for Central Government employees since 2004.since 2004.
c) The interim Pension Fund Regulatory and Development Authority (PFRDA) will look over the functioning of the system.
d) PFRDA bill will being statutory power to PFRDA.
e) Bill has certain important points:-
1. The pensions are not sold by fund managers, but through separate entities called the point of presence. The bill allows for portability between various employers. The bill allows for choice of investment between government owned entity and “safe scheme” with no exposure
to equity.
2. It allows PFRDA to appoint fund managers and set up investment and other compliance guidelines that the fund manager will have to
3. The bill makes a provision for individuals to purchase a market based guarantee on their pension schemes. It will help in bringing the all pension schemes under one umbrella.


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Probationary Officers’ Examination – State Bank of India ( About SBI)

State Competitive  ExaminationsState Bank of India (SBI) is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. SBI is the biggest commercial bank in public sector of India. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.

State Bank of India is one of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and Bank of Baroda.

The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks—Bank of Calcutta and Bank of Bombay—to form the Imperial Bank of India, after nationalization of Imperial Bank of India in 1955, its name changed as State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.SBI has completed 200 years of its business in India.

Associate Banks

SBI has five associate banks; all use the State Bank of India logo of a blue circle, and all use the “State Bank of” name, followed by the regional headquarters’ name:

  • State Bank of Bikaner and Jaipur
  • State Bank of Hyderabad
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Travancore

Earlier SBI had seven associate banks that form a “State Bank of” group. In tune with the first Five Year Plan, which prioritized the development of rural India, the government integrated these banks into State Bank of India system to expand its rural outreach. There has been a proposal to merge all the associate banks into SBI to create a “mega bank” and streamline the group’s operations.

The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI, reducing the number of associate state banks from seven to six. Then on 19 June 2009 the SBI board approved the absorption of State Bank of Indore. SBI holds 98.3% in State Bank of Indore. (Individuals who held the shares prior to its takeover by the government hold the balance of 1.77%.)

The acquisition of State Bank of Indore added 470 branches to SBI’s existing network of branches. Also, following the acquisition, SBI’s total assets will inch very close to the 10 trillion mark (10 billion long scale). The total assets of SBI and the State Bank of Indore stood at 9,981,190 million as of March 2009. The process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore branches started functioning as SBI branches on 26 August 2010.


SBI is one of the largest employers in the country having 228,296 employees as on 31 March 2013, out of which there were 46,833 female employees (21%) and 2,402 disabled employees (1%). On the same date, SBI had 43,550 Schedule Caste (19%) and 16,764 Schedule Tribe (7%) employees. The percentage of Officers, Assistants and Sub-staff was 35%, 48% and 17% respectively on the same date.

Hiring drive: The bank hired 20,682 Assistants in FY 2012-13, from over 3 million applicants, for expansion of the branch network and to mitigate staff shortage, particularly at rural and semi-urban branches. In the same year, it recruited 847 probationary officers from around 1.7 million candidates who applied for an officer position.

Staff productivity: As per its Annual Report for FY 2012-13, each employee contributed to revenues of INR 94.4 million and net profit of INR 0.65 million.