Bank PO Questions & Answers

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What is payment in due course?

May 19th, 2010 | Comment
Section 10 of the Negotiable Instruments Act 1881 deals with payment in due course. Payment is due course means payment made in good faith and without negligence in accordance with the apparent tenor of the instrument. This also includes that payment is made to the person in possession of the instrument. The payment must be made in money only.

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Which are highest producer states of Cotton, Jute & Potato?

May 19th, 2010 | Comment
Gujarat is largest producer of Cotton, West Bengal is of Jute and Uttar Pradesh. Following is the list of largest producer states of various commodities in India.
Food Grains
Rice: West Bengal, Andhra Pradesh, Uttar Pradesh
Wheat: Uttar Pradesh, Punjab, Haryana
Maize : Karnataka , Andhra Pradesh, Bihar
Total Coarse Cereals: Maharashtra , Rajasthan, Karnataka
Total Pulses : Madhya Pradesh , Maharashtra, Uttar Pradesh
Total Food grains : Uttar Pradesh, Punjab, Andhra Pradesh

Oil Seeds:
Groundnut: Gujarat, Tamil Nadu , Andhra Pradesh
Rapeseed & Mustard: Rajasthan, Uttar Pradesh, Haryana
Soyabean : Madhya Pradesh, Maharashtra, Rajasthan
Sunflower Karnataka, Andhra Pradesh , Maharashtra
Total Oilseeds : Madhya Pradesh, Rajasthan, Maharashtra

Cash Crops:
Sugarcane: Uttar Pradesh, Maharashtra, Tamil Nadu
Cotton : Gujarat , Maharashtra , Punjab
Jute & Mesta : West Bengal, Bihar, Assam
Potato: Uttar Pradesh, West Bengal, Punjab
Onion: Gujarat, Maharashtra, Karnataka

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What is Amortization?

May 19th, 2010 | Comment
To amortize means to pay off a debt by putting aside money regularly for a period of time. . We read sometimes, as "Capital cost is amortizable over a period of 10 years". In other words, amortization is a schedule of payments in context with a debt such as personal loan or home loan and fixed over a period. The amortization schedule is the table, which gives details of the periodic principal and interest payments on a loan and the amount outstanding at any point of time. It also shows the gradual decrease of the loan balance until it reaches zero.
You can easily understand amortization by opening MS Excel > File > New> recently used templates > Loan Amortization. Following is the screen shot taken from MS Excel.

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Who are the brand ambassadors of Canara Bank and Central bank of India?

May 19th, 2010 | Comment
Venkatesh Prasad had been associated with Canara Bank in past as its Brand ambassador. However later in 2007, Canara Bank appointed O&M for its image change. The new logo for Canara Bank two entwined triangles in blue (for stability, scale and depth), and bright yellow (for optimism, warmth and energy) was designed by the WPP owned Ray & Keshavan. The current advertisement theme of Canara bank is "we change for the ones we love". The creative and heart touching ads have been produced relying on models.
Ms Perizaad Zorabian Irani has been associated as Brand Ambassador of the central Bak of India. However,recently , the Central bank of India has released two animated cartoon TV commercials "The Race" & ' The Trap.

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What are dematerialization and Rematerialization?

May 18th, 2010 | Comment
A process by which paper certificates of an investor are taken back by the company (or Registrar) and equivalent number of securities is credited in electronic holdings of the same investor is called dematerialization. This is to avoid problems of the paper certificates such as mutilation of share certificates, forged certificates etc. Depository discharges the function of providing the paperless electronic or dematerialized security transactions. A bank is called depository where the securities are held in electronic form.
Re-materialization is the conversion of electronic holding to papers by printing of new share certificates.

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