Faq
Frequently Asked Questions
The only way left is to clear either CS Executive or CA Intermediate as soon as possible and to start the training. Generally, it is preferred to complete CA Intermediate first and then join Articleship while preparing for CS Executive. As soon as the CA Articleship is completed, students can start CS Training.
After qualifying Professional Examination and on successful completion of training a candidate is admitted as an Associate Member of the ICSI and can use the letters ACS after his/her name i.e. Associate Company Secretary.
According to the passing criteria of CS Professional, students must score 40% in each paper and 50% aggregate marks in each group.
There will be no negative marking for descriptive/subjective questions.
There are immense opportunities and scope for CS professionals in the field of the private sector, public sector, banks, stock exchange, law firms, and other financial institutions.
CS is one of the best career options and has subjects in commerce without math.
The candidates undergoing apprenticeship training shall be required to work during normal hours for a period of 15 months which shall not be less than 6 hours a day for 5 days in a week for a total period of 15 months.
Company Secretary Trainee salary in India ranges between ₹ 0.1 Lakhs to ₹ 4.6 Lakhs with an average annual salary of ₹ 1.5 Lakhs. Salary estimates are based on 147 salaries received from Company Secretary Trainees.
Opportunities for CS abroad. Many Company Secretaries are already employed in countries such as the United States, Canada, the United Kingdom, Singapore, Malaysia, Thailand, Australia, New Zealand, the Middle East, and Africa.
This job provides many perks and job satisfaction is one of them, CS gets a higher management position quite early in the career. So, they as well obtain recognition in a good working environment.
According to the exam dates, ICSI conducts the CS Professional exam twice a year – one in June and then in December.
Yes. With the help of proper study material, you can easily clear the CS Executive Exam.
If you are having CS qualification then you can easily and confidently handle or administer secretarial work/department along with the account work/finance department. These are some of the suggestible options for Career After CS Executive.
A student trying for the CS Professional Examination is allowed 10 attempts.
They handle a more authoritative position which provides opportunities and space for ideas and opinions. This job provides many perks and job satisfaction is one of them, CS gets a higher management position quite early in the career. So, they as well obtain recognition in a good working environment.
The average compensation for a CA is higher than that of a CS. The average income for a Company Secretary in India is Rs. 6 lakhs per annum, whereas the average salary for a Chartered Accountant in India is around Rs. 8 lakhs per annum.
An average student can definitely do CS along with B.com. It is possible with effort and moreover it will be useful too. It will help you to learn a lot more. Most of the subjects in B.com will be covered by CS.
Training: A Student has to undergo 15 months Management Training in Companies sponsored by the Institute after passing the Executive or Professional Programme or under the guidance of a Company Secretary in Practice.
In every attempt approx. 10 lakhs students appeared for CS exam (inclusive of all three levels).
Company Secretary Course duration is 8 months for CS Foundation, 9 months for CS executive, and 15 months for CS Professional. The CS Foundation exam has been replaced by the CSEET exam. Students who wish to pursue Company Secretary Course after graduation are exempted from passing the CSEET.
CS is one of the best career options and has subjects in commerce without math.
You can attempt the CSEET exam only once with the registration. And if you fail or won’t give that exam due to any reason than for giving it later you’ll have to do registration for it again to appear for that examination.
The CSEET exam for January session will be held on January 7, 2023. Before applying, candidates must check the official CSEET eligibility criteria. The registration fee of CSEET exam is Rs .1000
CSEET is an online exam conducted as a computer-based test, for a duration of 170 minutes.
CS Executive programme is the second level of ICSI course. First level is CSEET and last or final level is CS Professional Programme. ICSI conducts CS Executive examination twice a year in June and December. But admission to the CS Executive course is open throughout the year.
Candidates must know that there will be negative marking for CSEET.
The candidates for CSEET will be seated in such a way that their face and waist position is visible to the proctor at all times during CSEET. During the examination, use of any other gadget including mobile, earphone, headphone or pager, digital diary, calculator, smart watch etc. is not allowed.
CSEET is held for two hours duration. The number of questions in CSEET exam will be 140 with four papers in one sitting.
Company Secretary Course duration is 8 months for CS Foundation, 9 months for CS executive, and 15 months for CS Professional. The CS Foundation exam has been replaced by the CSEET exam. Students who wish to pursue Company Secretary Course after graduation are exempted from passing the CSEET.
Details related to the minimum educational qualification, age limit and related requirements are mentioned under the CSEET eligibility criteria. Before filling the CSEET application form, candidates must check the eligibility requirements. CSEET exam is conducted by ICSI four times in a year.
If you have met the eligibility criteria, then you can directly register for the Executive Programme stage of the CS Course. If you have a Graduation or Post-graduation degree in any discipline (excluding fine arts) are exempted from appearing for the CS Exam.
Concentrate on study material provided by the Institute and study other material such as Student Company Secretary, Chartered Secretary, recommended books and other publications on the subjects. Do extensive study and avoid selective study. Practice Multiple Choice Questions on all the topics covered in the syllabus.
There are immense opportunities and scope for CS professionals in the field of the private sector, public sector, banks, stock exchange, law firms, and other financial institutions. The Company Secretary’s job profile includes: Providing support to the administrative block of the organization they associate with.
They handle a more authoritative position which provides opportunities and space for ideas and opinions. This job provides many perks and job satisfaction is one of them, CS gets a higher management position quite early in the career. So, they as well obtain recognition in a good working environment.
The age limit criteria for every candidate entering the CS examination is a minimum of 17 years. Students below 17 years are not allowed to take the examination.
No, math is not compulsory for company secretaries. It is a course which can be pursued after 12th class. Institute of Company Secretaries of India is an institute which conducts exams of cs, cs comprises 3 stages cs foundation, CS executive, CS professional.
Company Secretary Course duration is 8 months for CS Foundation, 9 months for CS executive, and 15 months for CS Professional. The CS Foundation exam has been replaced by the CSEET exam. Students who wish to pursue Company Secretary Course after graduation are exempted from passing the CSEET.
Candidates must secure 40% marks in each paper and 50% overall aggregate in each group to pass the CS Executive exam. Given below is the detailed analysis of minimum qualifying marks.
An average student can definitely do CS along with B.COM. It is possible with effort and moreover it will be useful too. It will help you to learn a lot more. Most of the subjects in B.COM will be covered by CS.
Company Secretary salary in India with less than 1 year of experience to 13 years ranges from ₹ 2.9 Lakhs to ₹ 16.6 Lakhs with an average annual salary of ₹ 6 Lakhs based on 9.6k salaries.
CA should be chosen if you want to pursue a career in finance or accounting, but CS is the best option for those who want to seek higher-level managerial roles or legal management.
The Company Secretary exam is one of the toughest in the commerce stream, coming a close second, if not on par, with the arduous CA exams. Tough competition means high rejection rate, and so, giving it your all is the only mantra to success.
As per the ICSI CS Exam Eligibility Criteria, a total of 10 attempts are permitted for ICSI CS Exam.
Students are requested to check the recent notification from Official websites for updates related Age, Eligibility, Experience and Syllabus.
Candidates to pass CMA Final examination 2022 should score a minimum of 40% marks in each subject and an overall aggregate of at least 50% marks.
There is no definite number of attempts provided by the institute for the candidates to appear in the exam.
Yes, a student shall be required to undergo practical training for a period of 15 months before the date of declaration of examination results of both or remaining group of final examination.
No, there is no age limit for any of the CMA exams set by the Institute of Cost Accountants of India.
Insufficient study time. Inadequate study effort. Shallow understanding of exam concepts.
CMA graduates are in demand for every area of recruitment, such as finance, management, accounting and research institutes. Most companies in India and abroad prefer CMA graduates to work with their company or institution as they are proficient in their sectors.
CMA professionals are eligible for the Indian Cost Accounts Service/Job. Various Ministries of Government of India have authorized CMA professionals in practice for certifying various returns and to issue Compliance Certificates as per their formats.
Candidates must complete the CMA program within three years from the date of entry into the program. If both exam parts are not successfully completed within three years of entering the certification program, any passed part will expire, and the CMA entrance fee will have to be repaid.
The CMA salary in India ranges from Rs 3 lakhs to Rs 40 lakhs with an average salary of Rs 10 lakhs per annum (Rs 83000 per month).
A minimum of 60% is required to qualify for the CMA course after 12th. Thus, students must gain 60% or above to study the CMA course
If you fail the CMA Foundation Exam and are attempting it again you must register for the exam and pay the exam fee again. As long as you retake the exam within the 3 year period, you don’t have to pay the program entrance fee again. You only need to retake the exam part that was not cleared.
There is no definite number of attempts provided by the institute for the candidates to appear in the exam.
Average salary for a CMA in India is 6.5 Lakhs per year (₹54.2k per month). Salary estimates are based on 55 salaries received from various CMAs across industries.
CMA jobs in India and abroad are in high demand, and graduates have a wide range of options to choose from. Some CMA graduates can go into management, accounting, finance, research, and other fields.
CMA Foundation consists of four papers, which involve entirely MCQ-based questions. Further, there are 8 papers each in CMA Intermediate and Final which involve some of the MCQ-based questions along with other objective and descriptive-type questions
In the CMA Intermediate exam, there are a total of eight papers and each paper carries 100 marks. There is no negative marking for the incorrect answers.
It is under the ownership of the Ministry of Corporate Affairs of the Government of India.
No, there is no age limit for any of the CMA exams set by the Institute of Cost Accountants of India.
CMA group one is easy for candidates with experience in a manufacturing company. CMA group two-pass rates are comparatively higher than group one. So, it is easy to clear CMA intermediate group two exam after clearing group one.
The mode of examination will be offline-centre based for Final and Inter exams.
Based on CMA pass rates alone, I’m not surprised that many potential candidates are put off from wanting to tackle this exam. In fact, the majority of candidates don’t get a passing score. With CMA exam pass rates as low as 45% for Part One and also 45% for Part Two, there is obviously a high level of difficulty.
Students who have passed 10+2 are eligible for the CMA Foundation exam. The Institute of Cost Accountants of India conducts CMA Foundation exam two times in a year in the months of June and December. If you have passed the CMA Foundation exam, then you are eligible for CMA Inter.
A student who has cleared intermediate group 1 level can get between 1 – 6 Lakhs per annum, and after clearing group 2, if he/she scored top rank in the examination can get between 3.8 – 17 Lakhs per annum.
The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass. If you want to pass, you need to prepare.
It is under the ownership of the Ministry of Corporate Affairs of the Government of India.
CMA graduates are in demand for every area of recruitment, such as finance, management, accounting and research institutes. Most companies in India and abroad prefer CMA graduates to work with their company or institution as they are proficient in their sectors.
A CMA is eligible to appear in all central Govt Services like UPSC, BANK recruitment Board, Railway Recruitment Board, All Group-I and Group-II services in any state and Union Territory, ICoAs(Indian Cost Accounts Service) Which is equivalent to IAS,IRS, etc.
To qualify CMA Foundation exam, candidates should secure a minimum of 40% marks in each paper and a total aggregate of 50% in all the papers.
There is no definite number of attempts provided by the institute for the candidates to appear in the exam.
All you need is effective time management skills, an organized routine, and a step-by-step CMA exam prep course to see through the exam without sacrificing your day job. Once you decide how long to study for the CMA exam, you can implement a plan to make the most of your study time.
There is no negative marking in CMA exams.
You should plan for about 150-170 hours of studying per part; 300 hours of studying in total.
It will help you enhance your financial, accounting, and management skills that will expand your career potential and which will help you to stand out from the rest.
The duration of the course is 3 years.
CMA’s are always in demand in the public and private sectors, development institutions, banking and finance as well as education and research.
Both descriptive and objective (MCQ) questions will be on the CMA foundation exam question paper, thus candidates will need to divide their time between the two types of questions.
The passing percentage for the CMA foundation exam is between 75% to 79%..
Depending on your personal and professional obligations, you can adjust this amount of time to fit your schedule. On average, based on our twenty years of experience, students usually study for each Part of the CMA exam for 5 – 8 months, and pass both Parts of the exam in about a year.
Cost and Management Accountancy has not been a popular course in India. It is considered almost equivalent to Chartered Accountancy, but has been struggling for a long time when it comes to scope and salaries. This is because a CMA is primarily required in large production or services companies.
A certified management accountant (CMA) holds an internationally recognised accounting, finance and management qualification. A certified management accountant is qualified to work in corporate finance and strategic planning.
The passing score is 360. So as long as your score is 360 or higher, you’ve passed the exam.
CMA graduates are in demand for every area of recruitment, such as finance, management, accounting and research institutes. Most companies in India and abroad prefer CMA graduates to work with their company or institution as they are proficient in their sectors.
All jobs that CMA offers are well paying, and after the completion of the CMA course, candidates can apply for positions such as a Financial Controller, Chief Financial Officer, Cost Accountant, Relationship Manager, Management Accountant, Financial Analyst, etc.
If you fail in the CMA Foundation Exam and are attempting it again you must register for the exam and pay the exam fee again. As long as you retake the exam within the 3 year period, you don’t have to pay the program entrance fee again. You only need to retake the exam part that was not cleared.
It will help you enhance your financial, accounting, and management skills that will expand your career potential and which will help you to stand out from the rest.
CMA professionals are eligible for the Indian Cost Accounts Service/Job. Various Ministries of Government of India have authorized CMA professionals in practice for certifying various returns and to issue Compliance Certificates as per their formats.
It is under the ownership of the Ministry of Corporate Affairs of the Government of India.
As a commerce student, you are eligible to pursue this role. Like CA, it doesn’t require you to have Math as a compulsory subject in the 12th standard. You’ll need working knowledge of mathematics and expertise in accounting to pursue a career in this sector.
CMA Foundation consists of four papers, which involve entirely MCQ-based questions. Further, there are 8 papers each in CMA Intermediate and Final which involve some of the MCQ-based questions along with other objective and descriptive-type questions
The CMA exam score is a scaled score between 0-500, 500 being a perfect score and 360 being the minimum passing score. Parts 1 and 2 of the CMA exam are split between multiple-choice questions (MCQs) and essay questions. MCQs are worth 75%, while essay questions are worth 25%.
If you are studying to become a Cost and Management Accountant (CMA), it is imperative that you study so that you can clear all three levels (foundation, intermediate, and final) in the first attempt itself.
A CMA is eligible to appear in all central Govt Services like UPSC, BANK recruitment Board, Railway Recruitment Board, All Group-I and Group-II services in any state and Union Territory, ICoAs(Indian Cost Accounts Service) which is equivalent to IAS,IRS, etc.
Of course, CMA is way more comprehensive than any other courses which are pursued after B.Com. (other than CA or CS, of course).
Again, it all depends on what career path you want to take but the skills learned from becoming a Certified Management Accountant are often touted as the best in the industry for the day-to-day tasks you will have as an accountant.
In order to qualify for CMA exams, a candidate is required to obtain a minimum of 40% marks in each subject and an aggregate of 50% or more.
CA is more complicated than CMA when it comes to syllabus. However, the number of students who pass CMA exams are always better than the number of students who pass CA exams.
Candidates need to obtain the minimum passing marks or more than that in order to clear the CA Final exams. A minimum of 50% aggregate marks and individual 40% marks in each subject are required to clear the CA Final exam.
Career chances as an internal auditor, in direct and indirect taxes, finance management, banking, insurance, or as a partner in a CPA company are all excellent options for those who have completed their CA certification.
Candidates who have failed the CA IPCC exam can also pursue various certification courses in finance or related fields.
CA course is designed in such a manner that students can get the professional certificate at any stage of their life as there is no age limit to this. The CA course duration is scheduled to be completed in 4.5 years.
All candidates must pass the CA Foundation exam with minimum 40% marks in each subject and an aggregate of 50% in total.
It is considered extremely difficult to crack CA finals on the first attempt but is possible with such long dedicated hours of study.
The profile for CFO, Account Executive, Financial Controller, and Accountant enjoy average salary above 20 lakh per year, whereas Account assistant and Business Analyst are paid approximately Rs 10,000 per month.
You need 55% aggregate for your direct entry to CA Intermediate Exam. It is highly advised that CA is best attempted after B.Com. Firstly, because you are already a graduate and, secondly, you don’t need to clear the CA Foundation.
For subjective questions there is no negative marking. But for objective questions, ¼ mark will be deducted for every wrong answer.
CA has doors open in all the sectors whether it is a government job or a renowned private firm.
Instead of a possible decrease there has been a significant increase in the demand for chartered accountants. This is due to the fact that more firms are starting up and the government is enacting policies and regulations.
There is high demand for chartered accountants not only within the country but also globally.
One of the common reasons why students fail in CA Exams is lack of proper planning in terms of time management between different subjects, shortlisting the important topics, understanding and analyzing study material, wrongful interpretation of questions, and so on.
We can definitely complete our preparation in 2 ½ months very easily. In this 2 ½ months preparation you have to do 3 times of revision for CA IPCC exams.
It is already known that CA intermediate is equivalent to graduation. CA Article ship is valued as the experience of the student after graduation. So, there are opportunities for CA intermediate students in foreign countries. There are specialized courses for working in foreign countries.
Audit is considered as one of the toughest subjects in CA Intermediate.
Start with the Accounting Standards as they are much easy compared to other topics and also very much scoring. At the Intermediate level, they will cover around 20 marks. From the above AS – 7, 9, 20, and 26 are the easiest.
Candidates who have failed the CA IPCC exam can also pursue various certification courses in finance or related fields. Certifications like FRP, CTP, CAIA and related can be undertaken by candidates as they have good scope in India and foreign lands.
To qualify for the exam with CA Intermediate passing marks, candidates need to score a minimum of 50% overall aggregate and 40% in each paper.
The Institute of Chartered Accountants of India (ICAI) does not restrict candidates from appearing in the CA exams on any number of CA foundation attempts, CA intermediate attempts, or CA final attempts. Candidates can give the CA exam attempts as many times as they need to qualify for the exam.
After completing your CA, you are not only qualified to get a decent job for yourself but also you become a job giver. And the choice is always yours what you want to become. After clearing CA Final exams you become a member of Institute of Chartered Accountants in India (ICAI).
Since the Chartered Accountancy course will be considered as equivalent to the Post Graduate degree, it will aid CA members, who are aspiring to go overseas for higher studies and/or for seeking professional opportunities abroad.
But, in all honesty, it is not that hard to clear CA Inter both groups in the first attempt. There are thousands of CA students who have cleared it in the first attempt and thousands more who continue to do so. You can do it too.
The entire syllabus of CA intermediate is divided into eight subjects and two groups. Mathematics is not important to study Chartered Accountancy, not as a subject.
The Institute of Chartered Accountants of India (ICAI) has released the exam question paper pattern for the CA exams in 2021. According to the new format, the CA-Intermediate exam will have four papers with 30 MCQs out of 100 marks.
Yes! It is possible to prepare well for both the groups in a time span of 4 months. In fact it’s more than sufficient.
After qualifying CA Intermediate examination, a candidate has to undergo a practical training/ articleship for a period of three years after which he/she becomes eligible to appear in the CA Final examinations.
Achievers were able to achieve these results with sheer hard work, focus, determination, practice, and more importantly, the strategy.
Generally the cost of CA inter is very lengthy, you need to solve it very strategically to complete it on time.
Total marks for the CA Intermediate exam are 800 (100 for each paper.) There is no negative marking in the CA Inter exams.
This is the main reason why CA has less passing percentage because students don’t do hard work at this and face failure. Whereas CA Final Students know the level of CA exams, as they have gone through the toughest stage of the CA Course i.e. CA Intermediate Exams which requires full hard work and dedication.
Yes, they do. With regards to the career prospects, The companies will check how many attempts it took for you to clear the CA exams.
Yes, you can reappear in the CA Foundation exam till the time your registration period is valid.
The average salary is between INR 6-7 lakhs per annum in India. A CA’s Salary, on average, could rise to INR 40-60 lakhs depending on his skills and experience. If he gets an International posting, he could earn INR 75 lakh pa. At the recent ICAI placement, INR 8.4lakhs is the average salary of CA.
After graduating from high school, anyone can pursue Chartered Accountancy as a Commerce or Non-Commerce student. However, because they have a fundamental understanding of CA disciplines, such as Accountancy, students mostly from the commerce stream choose to enroll in the Chartered Accountancy programme.
CA course is one of the reasonable professional courses as compared to the cost of other courses in India. The CA course fees structure including ICAI fees, books, study material, coaching and tuition expenses cumulatively don’t exceed more than 4 lakh in India.
After completing your CA, you are not only qualified to get a decent job for yourself but also you become a job giver. And the choice is always yours what you want to become. After clearing CA Final exams you become a member of Institute of Chartered Accountants in India (ICAI).
CA Foundation examination is a written test which is conducted offline and held twice a year. There are four papers in the CA Foundation course. Out of them, Paper 1 and 2 are subjective papers, while Paper 3 and 4 are objective MCQ-based papers, which test your practical knowledge.
CA foundation is the entry level exam and to enroll for the next need to clear the CA foundation exam. There are four papers in this course out of which CA foundation math is considered the toughest subject.
Although passing the CA exams on the first attempt requires a lot of work and dedication, it is not impossible. It needs proper planning, supervision, and instructions. These are some of the finest strategies for studying efficiently and passing the certification exam on the first try.
The first step is to register for the CA Foundation. Once you have registered, it will be valid for three years. In this period candidates can apply for the CA Foundation May/ November examination. Candidates can apply and appear for a maximum of six attempts in three years.
To qualify the CA Foundation exam, a candidate needs to secure a minimum 40% marks in each paper and an aggregate of 55% in all four papers. Candidates securing less than the passing criteria specified by ICAI will not be considered a pass.
The designation of a Chartered Accountant is a highly respectable one. CAs may start their own practice after gathering some experience or opt to work with another reputed Chartered Accountant’s firm. There are numerous job opportunities for a CA in the present as well as in the future.
There is high demand for chartered accountants not only within the country but also globally.
After passing CA Foundation, you have to register for next level i.e. CA Intermediate course. Go through the CA Intermediate Syllabus and prepare for it.
A candidate will take at least 5 years to complete the Chartered Accountancy course. He needs to clear three exams and complete the articleship training of three years.
After completing your CA, you are not only qualified to get a decent job for yourself but also you become a job giver. And the choice is always yours what you want to become. After clearing CA Final exams you become a member of Institute of Chartered Accountants in India (ICAI).
The Path to become a Chartered Accountant in India is simple. One can also join CA after completion of their graduation or Post graduation. Students who are coming through graduation and post-graduation have had some benefits of skipping a few steps. So yes, CA admission after 12th is pretty simple.
CA has doors open in all the sectors whether it is a government job or a renowned private firm.
The test is not very challenging. Students who have completed the 12th grade, graduates, and professionals can attempt it. Even students can pass the exam because of how the syllabus is designed. However, it is still regarded as one of the most difficult exams to pass in India.
Once you become a Chartered Accountant, you can be sure of getting a good job with a good company. You will also have the opportunity to start your own practice or firm if you wish to do so. So, if you are looking for a successful and high-paying career, then CA Course is the best option for you.
No, Mathematics is not compulsory for CA. Chartered Accountancy is one of the most popular career options in commerce without math.
Commerce students require fifty percent marks in plus two to join the Chartered accountancy course. Science students need a fifty-five percent score exclusive of mathematics and sixty percent score inclusive of mathematics to join a chartered accountancy course.
The starting salary of a CA fresher is at an average of 7 lakh per annum whereas CA with experience of more than 10 years is paid more than 20 lakh per annum. With continuous practice and experience, you set a good reputation and goodwill in the industry and can establish a good brand for yourself.
Every registered firm or organization under the Company Act, has a CA appointed that manages Auditing & Assurance, Tax Consultancy, Accounting Services, Accountants & Finance Outsourcing and Financial Reporting. There are numerous job opportunities for a CA in the present as well as in the future.
Yes. You can do a B.Com and CA together. There’s no problem in doing that. In fact the syllabus offered by most B.Com colleges in India resembles the Chartered accountancy curriculum.
Many students believe that a B.Com degree is one of the prerequisites for the CA program. The answer is no. If you apply via Foundation Route, you don’t need a B.Com degree to become a CA. However, if you apply for the program via the direct entry option, you must have a bachelor’s degree.
A Chartered Accountant fits in many roles as a banker. Both public and private banks regularly conduct campus placement interviews of Chartered Accountants conducted by ICAI for various job profiles.
Although passing the CA exams on the first attempt requires a lot of work and dedication, it is not impossible. It needs proper planning, supervision, and instructions. These are some of the finest strategies for studying efficiently and passing the certification exam on the first try.
CA Foundation examination is a written test which is conducted offline and held twice a year. There are four papers in the CA Foundation course. Out of them, Paper 1 and 2 are subjective papers, while Paper 3 and 4 are objective MCQ-based papers, which test your practical knowledge.
Initial registration for Final Course is valid for 5 years (10 attempts as there are 2 exams in a year). After 5 years, a student should revalidate it for another 5 years. There is no limit to the number of attempts taken to clear a CA exam.
For subjective questions there is no negative marking. But for objective questions, ¼ mark will be deducted for every wrong answer.
There is always a high dependence on CA as finance is the lifeline of any business. To run the financial matters smoothly in any organization, the demand for CA will always be high. The Experience, Trust and Knowledge makes it the most secure and Respectable Profession
Without exaggeration, FRM is a difficult exam to crack. Earning the FRM Charter is no cake walk. To get a better sense of the success rate of cracking the FRM Exam, let’s look at actual figures from GARP, the official certification provider of this certification.
This must be done within 5 years from the date of the candidate’s FRM Exam Part II.
Financial Risk manager – FRM normally works in operational risk, market risk and credit risk. Therefore, all the top Banks, Investment Firms and companies are hiring risk managers. Currently 25,000 FRM ® are working in 40+ countries.
we can say that the FRM is one such designation that is highly recognized globally. Not only does it help in acquiring the essential skills but also provides practical knowledge, which is rewarding in terms of financial growth.
The FRM Exam Part I is a 100-question multiple choice exam
+ You should prepare at least 200 hours (2h/day in 3 months) to study. If you have experience in math and/or risk management, you might need fewer. But if you have little or no experience in both math and risk management, I really recommend spending at least 200 hours.
There is no negative marking in either of the exams.
While comparing the difficulty of the US CMA exam with the other professional exams, this test is generally easier because of its more limited curriculum compared to that of the Chartered Financial Analyst (CFA) or other professional courses. When comparing CMA USA Vs FRM, CMA USA is easier to crack than FRM.
GARP begins taking scholarship applications for the May exam on November 1st and for the November exam on May 1st. The deadlines are February 28th and August 31st. Candidates must pay the enrollment and registration fees in order to be considered for the scholarships.
Benefits of earning the FRM certification include professional recognition (FRM is the global standard in the field), boosting job prospects, commanding a higher income, and becoming a better overall risk manager. The CFA is a tougher designation to acquire overall, but FRM is a more specialized certification.
45% for Part 1 (Nov) 63% for Part 2 (Dec)
Before writing the Actuarial, CFA or FRM Exams, you need to have a solid understanding of Mathematics. In this course we will go through the International Actuarial Association syllabus requirements for Foundational Math which is very similar to the requirement for CFA and FRM.
Candidates have five years from the date they pass the FRM Exam Part II to submit their professional experience or else they will have to retake the Exams and re-enroll in the program as a new candidate.
The FRM Exam Part I is a 100-question multiple choice exam emphasizing the tools used to assess financial risk: foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part I is offered via computer-based testing (CBT).
Yes, after you complete the FRM course, you can get global opportunities as the course is globally recognized.
Financial Risk manager – FRM normally works in operational risk, market risk and credit risk. Therefore, all the top Banks, Investment Firms and companies are hiring risk managers. Currently 25,000 FRM ® are working in 40+ countries.
For CFA and FRM courses, Yes, you can take up CFA and FRM after your graduation.
The FRM® program has been independently evaluated & assessed to be equivalent to a Master’s level degree program in multiple national educational frameworks.
The FRM would be best for those seeking positions specifically in risk management or risk assessment, such as those working for banks or corporate treasury departments.
The FRM Exam Part I is a 100-question multiple choice exam emphasizing the tools used to assess financial risk: foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part I is offered via computer-based testing (CBT).
Before writing the Actuarial, CFA or FRM Exams, you need to have a solid understanding of Mathematics. In this course we will go through the International Actuarial Association syllabus requirements for Foundational Math which is very similar to the requirement for CFA and FRM.
The GARP FRM accreditation is globally recognized as the premier certification for financial risk professionals dealing in financial markets. To earn the FRM certification, candidates must pass two rigorous exams and also work two years in the field of risk management.
The FRM designation is recognized globally as a gold standard for risk management professionals. There have been potential credit and market risks in the last decade, which has led to a rise in demand for qualified FRMs capable of defining the risk precisely and clearly. This has increased demand for the FRMs.
Financial Risk manager – FRM normally works in operational risk, market risk and credit risk. Therefore, all the top Banks, Investment Firms and companies are hiring risk managers. Currently 25,000 FRM ® are working in 40+ countries.
For CFA and FRM courses , if I am a graduate fresher, Can i take up the course. Hi aspirant, Yes, you can take up CFA and FRM after your graduation.
Passing the FRM Exam and earning the designation takes hard work and dedication. It demonstrates to potential employers that you have a mastery of the important concepts in risk management. Therefore, companies are more likely to choose candidates with the FRM designation. It’s a career move worth considering.
In the FRM vs MBA argument, having an MBA is also a qualification you can seek to advance your career. Unlike the FRM course, an MBA is more holistic and not limited to risk management in the financial sector.
Once a candidate passes FRM Part 1 Exam they must pass FRM Part 2 Exam within 4 years. If a candidate fails to pass the FRM Part 2 Exam within that time frame, they must start the program all over again and re-enroll in the FRM Exam Program.
This means that on average, you’ll need to get 50-53 questions correct in FRM Part 1 exam (out of 100 questions) to just make the cut-off score. That said, aiming for a score of 65% and above in practice exams is a good position to be in, since passing scores can vary by exam as they get recalibrated.
As the FRM exam is conducted in two parts, the syllabus and weightage for these two is different. Part 1 consists of four sections whereas part 2 has 5 sections.
A government issued passport or driver’s license. The passport or driver’s license must be an original, valid and non-expired. The passport or driver’s license must include a photograph. The driver’s license must be issued by the location in which the Exam site is located.
There is no negative marking in either of the exams.
Recognized in every major market, the FRM is the leading certification for risk managers. It is consistently in demand by nearly every major bank and firm in the world, and is awarded only to professionals who demonstrate the knowledge and ability to anticipate, respond, and adapt to critical risk issues.
A certification as FRM will not only increase your potential to compete for a better job prospect than any other candidate but also help you improve your skills and knowledge. As a result, you becoming certified will be the right choice for a better future.
The FRM curriculum consists of two parts. The exams use computer-based testing, and all questions are multiple-choice.
Yes, after you complete the FRM course, you can get global opportunities as the course is globally recognized.
The individual member has an annual fee of USD 195 and designed for practicing professionals who want to stay informed and grow their career. Certified FRMS membership is USD 150 annually. However, you do not need to be a member of GARP to attain and maintain their professional certification.
Since B.Com gives you a firm understanding of managing finance and an overall management idea, it would be helpful if you choose a career in financial risk management. An individual can opt for FRM along with a B.Com program or decide to enroll in the course after completing the B.Com.
The FRM® program has been independently evaluated & assessed to be equivalent to a Master’s level degree program in multiple national educational frameworks.
Wrong. The CFP Board publishes the national pass rate for each exam, which is usually 55% or so. For a CFP review provider to advertise or say they have 90%+ pass rates, that means other CFP review providers would have to have a 5-10% pass rate.
The CFP graduates can work in various high profile jobs such as financial advisor, wealth advisor, cost analyst etc. The average annual salary is around 3-5 lakhs depending on the various regions, companies as well as many other parameters.
CFP® certification expires on the last day of the month indicated by your certification period. The expiration date is located on your CFP Board ID card, as well as in your CFP Board online account.
Certified Financial Planner: CFP is one of the simplest courses after BCom. it’s a duration of 6 months and avail career options sort of a financial consultant and insurance consultant for its graduates.
After the completion of the CFP course, CFP graduates can find lucrative and highly paid job opportunities in various sectors which includes the private banking sector, mutual fund and insurance companies, wealth management companies, investment consultancy firms and many others.
If you fail the CFP® exam and elect to retest, you are required to retake the entire exam and to pay the applicable exam fee for each retake.
There is a lot of pressure riding on clearing the exams. That doesn’t mean the course is tough to pass. On the contrary, students who do the required preparation and planning are very successful.
CFP course eligibility is passing the undergraduate degree with a minimum of 50% marks from a recognized college. Certain colleges also conduct an entrance-based process for selection criteria. There is no minimum age limit for applying to the CFP course.
You may attempt the CFP® exam a lifetime maximum of 5 times. Also, you may attempt the exam a maximum of 3 times within a 24-month period.
Exam Attempts. You must successfully complete the CFP examination within 4 years (or 4 attempts) of successfully completing the CFP Professional Education program. If you are not successful on the exam within four years (or four attempts), you will need to successfully repeat the CFP Professional Education Program.
To earn the CFP certification, professionals must fulfill certain eligibility criteria and complete the 6-module CFP Certification Education Program.
Most examinees that have taken the certified financial planner (CFP) board exam agree that the case studies are the most difficult and important portion of the test.
They can also be Licentiate/Associate/ Fellowship of Life Insurance, Actuary(India), FFSI & FLMI from LOMA, Civil Service Exam by UPSC. Regular candidates have to clear 5 exams to become a certified financial planner, whereas, challenge candidates have to clear only 1 exam.
Certified Financial Planner or CFP is a professional certification course offered at a duration of 6 months to 2-years. It imparts the knowledge in the field of Financial Planning and it is offered by the Financial Planning Standards Board (FPSB).
Overall, the CFP program is shorter and less-rigorous than the CFA program. If you think this could be the program for you, you can learn more about CFP certification requirements here.
The Level III exam is considered one of the tougher exams for the CFA, as many of the questions are posed in essay format. The key to success is to practice as many essay type questions as possible and master topics specifically related to portfolio management, which is at the heart of this exam.
India is considered to be the 3rd largest market for Chartered Financial Analysts. The robust changes and requirements in the finance domain have led the demand for CFA to increase in India. Various reputed organizations in India recruit CFA character holders from different levels.
To enroll in the CFA Program and take the exams, Have a bachelor’s degree from a college/university or equivalent. The degree does not need to be finance-related. Be a final-year student when you enroll for Level 1.
The CFA program enrollment fee will remain valid throughout your candidacy, and you will need only to pay the registration fee for any future exams.
The CFA UK Certificate in Climate and Investing is a Level 4 qualification which delivers the knowledge and skills required by investment professionals to understand climate as it relates to investing and how to integrate climate change considerations into the investment process.
When the Minimum Passing Score is determined for the Level 3 exam, it is often placed in the 60% range. This means that you would need to score approximately 60% during each testing portion of the Level 3 exam, both the morning and afternoon component.
If you don’t pass the CFA exam, review the exam results and performance summary provided with your score. Candidates should re-evaluate their study plan and enroll in a CFA prep course. Along with a strategic study plan, you’ll need a strategic test-taking plan, which incorporates the structure of the exam.
The Goldman Sachs Group Inc. The other top recruiters of CFAs in India and their salary packages are as follows: TATA company: Rs15-22 LPA.
Across the six-to-nine months that you should spend studying for the CFA Level III exam, you should plan to devote at least 344 total hours (the average study time) to your Level III prep.
You can’t pass the CFA exams without any math. But the CFA Program might help you get better at it. Completing the CFA charter depends on how bad your math is, and how willing you are to work hard to improve it.
Working in the sector of wealth management and analytics, a Level 2 pass candidate can expect a nice compensation of roughly ₹6 lakhs per annum.
Candidates are permitted to take the exam a maximum of two times per calendar year (when applicable), but not in consecutive windows or windows that are six months or less apart. Candidates will have a total of six maximum attempts per exam level.
India is considered to be the 3rd largest market for Chartered Financial Analysts. The robust changes and requirements in the finance domain have led the demand for CFA to
increase in India. Various reputed organizations in India recruit CFA character holders from different levels.
Based on CFA Institute’s Candidate Survey, the average Level 2 candidate studied for 328 hours. However, based on our experience to increase chances of passing, studying for a minimum of 350 hours over 4-6 months is more common.
CFA candidates can expect to study for over 300 hours over the course of six to nine months to prepare for the exam. The format of the Level II exam consists of item sets or mini-cases rather than individual multiple-choice questions found on the Level I exam.
The short answer is Yes. If you wish to pursue a global career, a CFA will be an added feather in your cap.
Successful candidates report studying on average over 300 hours for each level of the CFA Exam. About half of successful candidates passing the LIII exam passed each exam on the first attempt (i.e. sat a total of three exams) while about a quarter sat a total of four exams.
The charter prepares you well for a variety of investment-related jobs, such as portfolio manager, risk manager, and research analyst. Seven percent of CFA charter holders even go on to be chief-level executives.
CFA candidates should have a bachelor’s degree from an accredited educational institution. There is no restriction on majors. However, since the exam itself is pretty tough, it is much better if you have majored in related subjects such as finance, business, and accounting.
In general, the average starting salary of a CFA is INR 6 to 8 lpa. With enough experience in wealth management and portfolio management, you may also become a Hedge Fund Manager which may help you earn a salary of INR 15 lpa.
You are also probably a fast learner and an ambitious young professional like most of the candidates. The thing is, as you might already know, only about 45% of your study colleagues will succeed on the battlefield that is the CFA level 1 exam day.
The Chartered Financial Analyst qualification is recognized across the world as one of the most valuable degrees in the field of finance. CFA currently has a global network of over 135,000 investment and finance professionals and is expected to grow at a rapid pace in the future.
The CFA salary for freshers in India is around Rs. 50,000 per month in cities like Mumbai, Gurgaon and Hyderabad. They also receive a bonus and variable pay in addition to the basic salary.
Total expenditure of the CFP along with tuition fee is INR 50,000 to INR 60000. The CFA® Program expenditure is between INR 2 lakh to INR 2.2 lakh.
You can’t pass the CFA exams without any math. But the CFA Program might help you get better at it. Completing the CFA charter depends on how bad your math is, and how willing you are to work hard to improve it.
With Level I exams in June and December and Level II and III exams in June, it is possible to complete the CFA Program in two years. However, with a recommended study time of 300 hours per exam level, it takes most people three to four years to complete the full program.
Rs 14-30 LPA. Aditya Sun Life: Rs 13-25 LPA. SBI Bank: Rs 6-17 LPA.
After passing the Level III CFA Exam, you will not qualify for jobs until you have officially registered with CFA Institute as a CFA charter holder. Becoming a CFA charter holder is a prestigious designation that will help you stand out in a crowd of applications for positions such as: Investment Manager.
Becoming a CFA® charter holder is also a popular path for more courses after BCom. Over 180,000 people sit the CFA® exams each year around the world, however, the pass rates through all three exams are very low. Pros: This is a great path for someone who wants to become a financial analyst.
?Traditional investment advisors, such as mutual funds, as well as alternative investments, like hedge funds, underwriting, fixed income, and private equity, have a high demand for CFA charter holders.
The pay of a CFA charter holder can range from ₹14 lakh to ₹30 lakh per year, depending on numerous factors:
- Educational background
- Years of professional experience
- Residence location
- Size and type of business
- Career path
The Masters program has a more general approach, preparing graduates for careers in corporate finance, capital markets, and asset management. The CFA program, on the other hand, is more suited to professionals who need more specialized knowledge and expertise in the field of investment.
The current SLR rate is 18.00% . The RBI decides the SLR rate and reserves all rights to increase and decrease it. The current SLR rate is 18.00%.
The Central Board consists of: The Governor. 4 Deputy Governors of the Reserve Bank. 4 Directors nominated by the central government, one from each of the four Local Boards as constituted under Section 9 of the Act. 10 Directors nominated by the central government.
tiger
The East India Company Double Mohur, with the sketch of the Lion and Palm Tree, was found most suitable; however, it was decided to replace the lion by the tiger, the latter being regarded as the more characteristic animal of India!
At present, there are 21 private banks in India, as of 1 January 2022.
As announced in the Monetary Policy Statement, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect.
The RBI has four regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai.
To promote the integrity, efficiency, inclusiveness and competitiveness of the financial and payments system; To ensure efficient management of currency as well as banking services to the Government and banks; and. To support the balanced, equitable and sustainable economic development of the country.
Cash reserve ratio (CRR) is the percentage of a bank’s total deposits that it needs to maintain as liquid cash. This is an RBI requirement, and the cash reserve is kept with the RBI. A bank does not earn interest on this liquid cash maintained with the RBI and neither can it use this for investing and lending purposes.
Section 35A – Power of the Reserve Bank to give directions: In the public interest or in the interest of Banking policy RBI has powers to issue, modify or cancel as it deems fit, and the banking companies or the banking company, are bound to comply with such directions.
The RBI governor is appointed by the Prime Minister’s Office (PMO) on the recommendation of the union finance minister as per Section 8(1)(a) of the Reserve Bank of India Act, 1934.
Commercial Banks can be further classified into public sector banks, private sector banks, foreign banks and Regional Rural Banks (RRB). On the other hand, cooperative banks are classified into urban and rural.
The RBI Assistant comes under the Central Government post. The candidates can enjoy all the benefits given to all the employees who work under the Central Government. The RBI Assistant Salary is paid as per the 7th pay commission.
It performs the four basic functions such as planning, organizing, directing and controlling in laying a strong foundation for the functioning of commercial banks. RBI is the central bank of India and regulates the supply of money in the country.
monetary policy
Overview. Under the Reserve Bank of India, Act,1934 (RBI Act,1934) (as amended in 2016), RBI is entrusted with the responsibility of conducting monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth.
Reserve Bank of India (RBI) is the central bank of India. It was established in 1935. RBI handles the monetary policy of India to maintain price stability as it is important for the sustained growth of the economy.
RBI has its branches in all the state capitals
As per the RBI Grade B Notification, you require 60% marks in Graduation (50% for reserved categories i.e SC/ST/PwBD) or an equivalent grade in Bachelor’s degree along with 10th and 12th standard examinations from any recognized university/board.
Reserve Bank of India is a statutory body. RBI was established through Reserve Bank of India Act, 1935. RBI is not a constitutional body.
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
the Reserve Bank of India
CRR and SLR by the SCBs, the Reserve Bank of India has prescribed statutory returns i.e. Form A Return (for CRR) under Section 42(2) of the Reserve Bank of India (RBI) Act, 1934 and Form VIII Return (for SLR) under Section 24 of the Banking Regulation Act, 1949.
The British Raj was the rule of the British Crown on the Indian subcontinent; it is also called Crown rule in India, or Direct rule in India, and lasted from 1858 to 1947.
As per the notification by the Indian Institute of Banking and Finance, only those candidates that have passed the Junior Associate of Indian Institute of Bankers (JAIIB) or Part-1 of the Associate Exam are eligible to appear for the CAIIB Exam.
CAIIB is a professional certification offered by the Indian Institute of Banking and Finance (IIBF). It is designed for banking professionals who wish to develop their knowledge and skills in the areas of banking and insurance.
Candidates are not allowed to use a Scientific/Financial calculator in JAIIB and CAIIB exams. So you can use Normal calculator in the CAIIB exam.
It takes minimum 3 to 6 months to clear CAIIB Examination
CAIIB Marking Scheme There is negative marking scheme as per the examination pattern. Candidates will be awarded 1 mark for each correct answer and 0.25 for each wrong answer. Candidates are required to secure a minimum of 50 marks out of 100 in each paper.
IIBF has brought new subjects to the table. With so many changes that transpired in Finance & Banking sector and are still happening, some new concepts have been added in the old syllabus of these exams & some of the subjects have been replaced.
The full form of CAIIB is the Certified Associate of Indian Institute of Bankers. It is an examination carried out twice a year by the IIBF (Indian Institute of Banking and Finance). Founded in 1928, the Indian Institute of Banking and Finance now comprises more than 700 financial institutions.
CAIIB – Compulsory Subjects
- Advanced Bank Management (ABM).
- Bank Financial Management (BFM).
- Advanced Business & Financial Management (ABFM).
- Banking Regulations and Business Laws (BRBL)
CAIIB Elective Papers
CAIIB – Elective subjects (Candidates to choose any one of their choice)
- Rural Banking
- Human Resources Management
- Information Technology & Digital Banking
- Risk Management
- Central Banking
- A candidate will be given 5 attempts for completion of each exam (JAIIB / DB&F / SOB / CAIIB) but, within a maximum period of three years, whichever is earlier, from the time he/she registers for the exam. These 5 attempts need not be consecutive.
- Candidates unable to pass the examination within the maximum stipulated time period of 3 years or 5 attempts, whichever is earlier, will be required to re-enroll themselves afresh. Such candidates will not be granted credit/s for subject/s passed, if any, earlier.
- Time limit of 3 years or 5 attempts, whichever is earlier, will start from the date of registration for the first attempt. Attempts will be counted when he/she applies for the exam, irrespective of whether the candidate appears for any examination or not.
- The rules mentioned above imply that, normally a candidate will be eligible to apply for any five examinations out of the six examinations being conducted within the stipulated period of three years. If a candidate avails all five attempts before completion of three years, he/she will be required to re-enroll themselves afresh.
- Similarly, if a candidate does not avail five attempts but the stipulated period of three years is over, he/she will be required to re-enroll themselves afresh.
- The validity of credits will be linked to the time-limit rule under the revised syllabus as follows.
- In case a candidate has availed / exhausted 3 attempts under the present syllabus, he/she will now get 2 more attempts to pass the JAIIB/DB&F/ CAIIB under the revised syllabi.
- For such of the candidates who are under the present syllabi but will be availing credits under the revised syllabi for the subject(s) concerned, the time-limit period of 3 years, under the revised syllabi, will be counted from the date of registration for the 1st attempt under the present syllabi.
For bankers, accounting and finance are considered the toughest paper in the JAIIB exam.
The main strategy to score 70+ in the JAIIB Exam 2022 are: Practice questions and give mocks mainly in Online Mode to get familiar with as the JAIIB Exam 2022 will be conducted in Online Medium. Time Management is the most effective tool for scoring more than 70 Marks in the JAIIB Exam 2022.
JAIIB is conducted twice a year by IIBF.
Candidates not able to pass the examination within a stipulated time period of 3 years of registering for the JAIIB are required to re-enroll themselves afresh. And such candidates will not be granted credit/s for subject/s passed, if any, earlier.
You are eligible to get one increment upon clearing the JAIIB Examination and if you pass the CAIIB Examination, you are eligible to get two increments on the present pay scale, as a clerk in a bank. In some banks, passing JAIIB and CAIIB exams is necessary to be eligible for the fast track promotion exam.
Scientific calculator is not allowed and normal calculator is allowed.
Apart from monetary benefits, JAIIB also offers a lot of non-monetary benefits to bankers. It helps them in enriching their knowledge in fields like risk management, credit handling, economics analysis, customer relations, accountancy, bank-related legal aspects, etc.
For taking the first attempt, candidates need to pay Rs. 2700 + GST for enrolling. The payment can be made online through credit/debit cards and net banking. Request Students to check the notification in IIBF site for updates.
The applicants must check the JAIIB eligibility criteria and ensure that they fit each criterion before filling out their application forms. We have mentioned the prescribed eligibility criteria for the JAIIB exam. These are as mentioned herewith:
- You should have passed at least your class 12th or equivalent from a recognized board.
- You should be working in the banking and finance industry which is an institutional member of the Institute.
Such kind of knowledge equips professionals to perform duties efficiently and boosts career growth in a short period. The JAIIB exam helps banking and finance professionals get jobs in many other related industries such as foreign exchange, treasury, etc.
There is negative marking and students are request to go through the Notification released by IIBF.
Candidates have to score a minimum of 50 marks out of 100 in each paper. Candidates securing at least 45 marks in each subject with an aggregate of 50% marks in all subjects of examination in a single attempt will also be declared as having completed the examination.
The JAIIB exam is conducted twice in a year once in May/ June and again in November/ December.
JAIIB covers basic knowledge of banking concepts, regulations and processes, while CAIIB involves advanced knowledge necessary for decision-making and practical application of banking processes.
No. Every time you will have different set of Questions.
Are there increments in the salary of the Bank Clerk after clearing the JAIIB Exam? Yes, there is one increment in the salary of the Bank Clerk after clearing JAIIB Exam.
After clearing the JAIIB Exam an aspirant is eligible for promotion as well as they are well acquainted with the fundamental knowledge of banking and financial services. In future JAIIB certification helps you in getting internal promotions also.
For JAIIB Exam there is no age limit applicable.
- A candidate will be given 5 attempts for completion of each exam (JAIIB / DB&F / SOB / CAIIB) but, within a maximum period of three years, whichever is earlier, from the time he/she registers for the exam. These 5 attempts need not be consecutive.
- Candidates unable to pass the examination within the maximum stipulated time period of 3 years or 5 attempts, whichever is earlier, will be required to re-enroll themselves afresh. Such candidates will not be granted credit/s for subject/s passed, if any, earlier.
- Time limit of 3 years or 5 attempts, whichever is earlier, will start from the date of registration for the first attempt. Attempts will be counted when he/she applies for the exam, irrespective of whether the candidate appears for any examination or not.
- The rules mentioned above imply that, normally a candidate will be eligible to apply for any five examinations out of the six examinations being conducted within the stipulated period of three years. If a candidate avails all five attempts before completion of three years, he/she will be required to re-enroll themselves afresh.
Similarly, if a candidate does not avail five attempts but the stipulated period of three years is over, he/she will be required to re-enroll themselves afresh.
- The validity of credits will be linked to the time-limit rule under the revised syllabus as follows.
- In case a candidate has availed / exhausted 3 attempts under the present syllabus, he/she will now get 2 more attempts to pass the JAIIB/DB&F/ CAIIB under the revised syllabi.
- For such of the candidates who are under the present syllabi but will be availing credits under the revised syllabi for the subject(s) concerned, the time-limit period of 3 years, under the revised syllabi, will be counted from the date of registration for the 1st attempt under the present syllabi.
JAIIB Exam Pattern
- The exam is divided into Four papers
- JAIIB/DB&F – All Subjects Compulsory
- Indian Economy & Indian Financial System (IE&IFS).
- Principles & Practices of Banking (PPB).
- Accounting & Financial Management for Bankers (AFM).
- Retail Banking & Wealth Management (RBWM)
- Each paper is further divided into Modules, which is discussed below in the syllabus section.
Yes, The final year students can apply for the SBI PO exam on a provisional basis. However, they must present their degree certificates during the document verification process.
No. Candidates with less than 60 per cent in their graduation are also eligible to take the SBI PO exam for the SBI PO eligibility percentage.
Yes Candidates from any discipline are eligible to apply for the SBI PO exam.
No. If you are a graduate, you can apply for this designation. But you can appear for clerk exam.
The following are the steps to fill application form.
- 1st Step: Visit the official website of SBI – sbi.co.in.
- 2nd Step: Click the ‘Apply Online‘ button next to the advertisement.
- 3rd Step: Enter the required credentials to register for the exam.
- 4th Step: Upload scanned images of your signature and photograph.
- 5th Step: Complete the detailed SBI PO Apply Online form.
- 6th Step: Upload a handwritten declaration and a thumb impression of your left thumb.
- 7th Step: Pay the SBI PO Application Fees.
- 8th Step: Submit the application form and take a printout of it.
SBI PO preliminary and mains exams are held in online mode.
The SBI PO preliminary exam consists of three sections:
- English Language,
- Quantitative Aptitude, and
- Reasoning Ability.
- The total number of marks allotted to the test is 100.
The SBI PO mains exam includes both objective and descriptive tests. The objective test is divided into four sections, while the descriptive test includes English Language (Letter Writing & Essay).
The Mains exam will last 3 hours and 30 minutes, including the descriptive paper.
Yes, there is a negative marking in the SBI PO exam for incorrect answers. For incorrect answers in the SBI PO exam, one-fourth of a mark ( 0.25 marks for every 1 mark) will be deducted as a penalty.
The SBI PO question paper is available in both English and Hindi.
The maximum number of marks available for Group Exercise and Interview is 50.
Yes, the SBI PO prelims and mains exams have sectional timings.
The level of difficulty of questions asked in the SBI PO exam is usually moderate.
The standard of the SBI PO syllabus is graduation level.
English, Quantitative Aptitude, and Reasoning are the subjects covered in the SBI PO prelims exam.
Data Analysis & Interpretation, Reasoning, English Language, General/Economy/Banking Awareness, and Computer Aptitude are the subjects covered in the SBI PO mains exam.
Candidates can concentrate on Simplification, Number Systems, Data Interpretation, Ratio and Proportion, Profit and Loss, Simple and Compound Interest, Sequence and Series, and other. topics in the Quantitative Aptitude section of the SBI PO exam.
Reading Comprehension, Cloze test, fill in the blanks, spotting the error, and so on are important topics for SBI PO English Language.
Seating Arrangements, Syllogism, Coding-Decoding, and other topics can be covered in the SBI PO Reasoning section.
To pass the exam, applicants should follow the tips given below:
1. Revise the important topics from each section. Follow the guidance given by teachers.
2. Allocate time wisely to each question or section.
3. Attempt as many questions as possible within the time limit and with accuracy.
4. Revise all the topics.
7. Try both the full-length and sectional mock tests.
To properly solve the puzzles in the SBI PO exam, read the paragraph in one sitting and begin drawing and sequencing the information.
To prepare for the SBI PO GK section, candidates should read Financial newspapers to stay updated on current affairs topics.
Candidates who are determined to pass the exam should begin their SBI PO preparation as soon as possible so that they can achieve the desired results in 60 days.
The descriptive paper includes essay and letter-based questions. This paper assesses candidates’ knowledge of the English language and their writing abilities.
Yes, passing the exam on the first try is possible. Many candidates have passed the exam on their first attempt. To ace the exam on the first try, you must prepare thoroughly.
You should take SBI PO Mock Tests because they will help you understand your level of preparation.
Quantitative Aptitude by RS Agarwal is the best book for SBI PO preparation.
The Hindu is widely regarded as the best newspaper available. Also Nesto institute suggest to read Financial Daily like economic times.
Yes, previous year question papers will aid in your practice and understanding of the SBI PO
Yes, some questions from the SBI PO Question Papers are repeated.
The number of applications, the number of positions for ongoing recruitment, the difficulty level of the exam, and the number of candidates that attended the SBI PO exam all contribute to the SBI PO cut off.
Sectional cut offs are not present in the SBI PO exam 2022 at both the preliminary and the mains. At both levels, there is just one overall cutoff.
Yes, the SBI PO candidates who will be chosen must be on probation for two years.
Based on performance, candidates may be promoted from the Middle Management Grade Scale-II (MMGS-II) to the Junior Management Grade Scale-I (JMGS-I).
The initial SBI PO in-hand salary is between Rs. 52000 and Rs. 55000 per month, with a basic compensation of Rs. 41,960.
SBI PO income ranges between Rs 8.20 lakh (minimum) and Rs 13.08 lakh (highest) based on location.
RBI’s career progression starts from the lowest level, which is that of the support staff or the RBI Assistants, who are responsible for all the clerical work that takes place at RBI.
Let’s start the comparison of the two by mentioning that both RBI Assistant and SBI Clerk is a clerical cadre exam, however both of these exams are equally popular and important. Mentioned below is the comparison of the overall view of these two exams.
Even though both the positions have limited number of seats, the probability of getting through is more when it comes to the RBI Assistant examination. The SBI PO examination is comparatively more difficult than the RBI Assistant examination; hence, the selection is tougher.
This comes as a big relief as many facilities are either free of cost or charges are at a very nominal rate. Housing loan- RBI gives housing loan facility to its employees, which is up to Rs. 30 lakhs at nominal rates.
RBI Grade B Officers have a good work-life balance because they work in a stress-free environment. The office hours are 10 AM to 6 PM, with five days of work per week, making it an optimal working environment.
Reserve Bank of India (RBI) conducts the Assistant exam on a frequency of 2-3 years. The RBI Assistant exam is basically conducted to recruit graduates for clerical posts in the different branches of RBI across the country.
The time duration of the RBI Assistant Prelims Exam is 60 minutes (each section for 20 minutes). There will be a negative marking of 0.25 marks for each incorrect answer, no deduction for unanswered questions.
To get promoted for the next officer level, one has to undergo the service or bond period of a minimum of 2 years. Then, they have to apply and appear for the promotion test. There are two processes for an RBI assistant to get promoted to a Grade A officer level.
So, even if you are a fresher with no exposure to banking/finance or economics, a strategic preparation can help you crack the RBI Grade-B exam. If you still feel intimidated by the vast syllabus, you can rely on us with your RBI Grade-B preparation.
If you can follow certain strategies with regularity and strong will, then you can surely crack the RBI Assistant Exam in your first attempt. But for that, you have to have the right approach in following the complete syllabus of the exam and work hard and smart.
Transfers and postings
RBI Assistants do not get transferred till they complete at least 5 years of their service at one particular branch. This means that people with families have to move a lot lesser than their counterparts employed in other banks.
The candidates have to go through three phases of the selection process, preliminary examination, Mains examination, and the Language proficiency test. The Prelims exam is qualifying in nature and the shortlisted candidates will be called for the Mains exam.
The RBI Assistant job profile is responsible for clerical tasks such as maintaining files, verification of documents, maintenance of ledger, etc.
Once you qualify for the interview, the success ratio is 1:3 in UPSC, 1:4.5 in RBI and 1:3 in SEBI. This means that only 1 out of 3 students are selected in the interview process. This ratio is even more gruesome in RBI where only 1 out of 4.5 students is selected after the interview.
Only the people who are citizens of India are eligible to apply for the post of Assistant in RBI. Also, there is no fixed number of attempts to apply for the RBI Assistant exam.
A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
The starting basic pay of an Assistant in the Reserve Bank of India is Rs. 14,650 per month.
For an RBI Assistant to become an RBI Grade B Officer, the candidate must work at least for 3 to 5 years as RBI Assistant to be promoted as RBI Grade A Officer and then 3 to 5 years experience to be upgraded to the RBI Grade B position.
The initial basic pay of RBI Assistant is Rs. 20,700/- per month (as per revised salary) with a pay scale of Rs. 20700 – 1200 (3) – 24300 – 1440 (4) – 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700 (20 years) salary structure given below is on the pay scale details.
There is a negligible difference between the difficulty level of both exams. The preliminary exam is easier whereas the Mains exam is comparatively difficult.
Scale 1 – Officer / Assistant Manager (Grade A) Scale 2 – Manager (Grade B) Scale 3 – Senior Manager (Grade C) Scale 4 – Chief Manager (Grade D)
There is no major change in the topics of the RBI Assistant and SBI Clerk syllabus but yes, there is difference in the difficulty level of the both. Before we proceed with the difficulty level and types of question let us discuss the salary and other perks offered by both the organizations.
Work pressure: In the public sector bank, there is a lot of work pressure to business generation for the bank and meeting the targets. But there are no such work pressures in RBI, so comparatively the job is less stressful.
The lucrative salary offered by RBI to its employees is a major reason for lakhs of aspirants to appear in the exam. RBI Grade B officer is one of the most prestigious job profiles for those who want to work in the banking sector of India.
The central bank has 30 offices in the state capitals. Every year, RBI conducts examinations for recruitment to various posts. The two most popular exams conducted by the apex bank are RBI Grade B and RBI Assistant. A job in RBI is considered to be highly prestigious.
It is common knowledge that the RBI Grade B examination is one of the toughest examinations to crack in India. However, the good news is that it is not impossible. With the right competitive exam preparation, you can pass this exam successfully despite the immense competition.
Compared to SBI/IBPS POs, RBI Grade B Officers are way ahead. They get more salary, more perks, and allowances. In-Hand Salary (Approx.) The career growth opportunities or the chances to get the promotion to the next level are almost similar in both these profiles.
Coming to the salary of the RBI Grade B Officers, it is the best among all the other government or banking jobs in the country. At present, the salary of the RBI Grade B officer is Rs. 77000/-(approx.).
The final selection for RBI Grade B Exam will be made on the basis of the marks secured by you in Phase II or Mains Exam and Interview. Hence, you need to obtain a high score in the RBI Grade B Mains Exam as well as the Interview round.
The highest-paying job at Reserve Bank Of India is a Deputy General Manager with a salary of ₹54.5 Lakhs per year. The top 10% of employees earn more than ₹30 lakhs per year. The top 1% earn more than a whopping ₹94.08 lakhs per year.
Work related to market regulation and development, data analysis & research; preparation of oversight/ surveillance reports. Financial Markets Operation Department: Work related to financial market development, data analysis, etc.
RBI Assistant is the entry-level post. After the five years of service, selected candidates as assistants will be able to get promotions as given below: Scale 1 – Officer/Assistant Manager, Grade -A.
Yes, it is possible to clear the RBI Grade B exam in first attempt if candidates prepare with the right strategy.
The lucrative salary offered by RBI to its employees is a major reason for lakhs of aspirants to appear in the exam. RBI Grade B officer is one of the most prestigious job profiles for those who want to work in the banking sector of India.
A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
To appear for RBI Grade B exam, candidates must not be less than 21 years of age, and the maximum bar for RBI grade B age limit differs for candidates belonging to different reserved categories. Such as 3, 5, 10,13 and 15 years for OBC, SC/ST, PH, PH + OBC and PH + SC/ST, respectively.
RBI Grade B Study material – NCERT + Ramesh Singh. This area should take a maximum of 5–7 days, studying 3–4 hours every day. There are 4–5 questions asked directly from concepts of macroeconomics and therefore this area becomes important in ESI.
This was changed in the 2020-21 Grade B recruitment and is carried forward. Now the minimum requirement is at least 60% marks in Graduation or 55% marks in Post-Graduation. The clause about having a minimum of 60% in the 10th and 12th mark sheets has been scrapped.
In RBI Grade B mains, if you read books and study Finance Management and Economics, you can easily pass the RBI officer exam. You should combine good mentorship, peer support and constant practice to master each topic in the RBI exam syllabus.
Promotions are given to the Grade B employees to various new designations like the manager, assistant manager, general manager, deputy general manager, assistant general manager, principal chief general manager, executive director, deputy governor and governor of the RBI.
After selection as Grade B Officer in RBI, candidates undergo a training period of 15 weeks. The total probation period for RBI Grade B is 2 years. Candidates are allotted to various departments of the bank after the training period.
Since RBI Grade B is a very challenging job to achieve so it is very important that a candidate do not miss any details about it. As the online written phase is already over and the interview phase is remaining so a candidate must be aware of all the RBI Grade B Interview centre.
The time duration of the RBI Grade B Phase-I exam is 1.5 hours (120 minutes). The initial two phases – Prelims (Phase 1) and Mains Exam (Phase 2) are computer-based written exams.
The office hours of RBI Grade B Officer are 10 a.m. to 6 p.m. The working enviroment of tension free and very friendly for the your growth. Officers have to work five days in a week.
Ideally, you need at least 8-10 months for RBI Grade B Preparation. It will also depend on how much time you can devote to the preparation. Analyze your strengths and weaknesses in the syllabus, make your study plan and stick to it. Be consistent and disciplined with your preparation.
RBI Grade B Salary: RBI Grade B is the Managerial Profile for Officers in Grade B (General) – DR, DEPR, and DSIM in the Common Seniority Group (CSG). The salary and job profile in RBI are the most lucrative aspects of this examination . As per the available information, the RBI Grade B gross salary is Rs. 1,08,404.
Just exceptional candidates make it to the top, where they are appointed as Executive Director or Deputy Governor. Most Grade B Officers, on the other hand, retire as Chief General Managers on average which is no small achievement.
Yes. The RBI Grade B exam is conducted every year to recruit officers into the Reserve Bank.
What is the transfer policy for RBI Grade B Officers? According to the RBI Grade B officer Transfer Policy, candidates may get transferred every three years.
The RBI Central office/headquarter is located in Mumbai. Besides, there are 31 Regional offices of RBI all across the country. Most of these offices are situated in metro cities or at least big cities- Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Lucknow, Nagpur, Ahmedabad and others.
There is no major change in the topics of the RBI Assistant and SBI Clerk syllabus but yes, there is difference in the difficulty level of the both.
So, even if you are a fresher with no exposure to banking/finance or economics, a strategic preparation can help you crack the RBI Grade-B exam. If you still feel intimidated by the vast syllabus, you can rely on us with your RBI Grade-B preparation.
RBI conducts the RBI Grade B General Exam in three phases, i.e. Phase I, Phase II, and Interview round and in two phases for DEPR/DSIM i.e. online exam and interview. To successfully crack the RBI Grade B, all the aspirants need to be well versed with the exam pattern of the concerned examination.
A total of Rs. 850/- is the application fee to be paid by candidates belonging to the General and OBC category for RBI Grade B exam. The same amount is reduced to Rs. 100/- for candidates belonging to SC/ST/PWD category.
If you get recruited in any of the Banks under IBPS, the Salary including HRA, DA, etc. goes up to Rs. 38,360 – 40,700/- per month.
Apart from the handsome salary, a Probationary Officer is also entitled to get other benefits like Medical Cover, Travel Allowance, Newspaper Allowance etc , Leave travel allowance and concessional rate of interest for availing loans etc.
If you are recruited as an SBI PO, the PayScale is 23700-980/7-30560-1145/2-32850-1310/7-42020.
The total compensation per annum is a minimum of ₹7.55 lakhs and a maximum of ₹12.93 lakhs depending on the place of posting and other factors. Again this salary levels will vary based on location due to change in DA.
Based on the previous years’ experience , the number of vacancies can be listed as follows. It will vary on every year and students are requested to check the advertisement released by the IBPS , SBI and RBI.
IBPS Bank PO – 4,200
SBI PO – 1200
IBPS RRB PO – 3,000
RBI Grade B Officer – 150
A candidate can apply for the Bank PO exam through online mode only. Candidates must follow below given steps and keep required documents to successfully apply for the Bank PO exam.
- You can register through the official website of IBPS or the respective bank and click on the ‘Home Page’.
- You can pay the Application fees through multiple options like: Debit Card/Credit Card/Internet Banking/Cash Cards/Wallets, etc.
- A valid and active email id should be used.
- A scanned photograph and Signature must be ready with the candidate to upload in the form.
- Submit the Application Form.
- Candidates can print the Application form for future references.
Above mentioned steps will result in the successful submission of the Application form.
The Bank PO exam is will be announced on every year April and the complete process ends on Dec every year.
Students can attend the classes on weekdays and also weekends in both regular mode and online mode.
NESTO IBPS Bank Exam Training Center offers result-oriented Bank Exam Training at one of the lowest fees.
Ans: The Reasoning section contains questions on topics like Inequalities, Syllogisms, Coding-Decoding, Seating Arrangement, Blood Relations, Directions and Distances, Ordering and Ranking, Scheduling, Analogy, and Classification.
Ans: Some of the topics for the Numerical Ability section are
Simplification,
Average,
Quadratic Equations,
Percentage,
Data Sufficiency,
Data Interpretation,
Permutation and Combination
Number Series,
Probability,
Ans: A Modern Approach to Verbal and Non-verbal and Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal are the best books for IBPS RRB Clerk Prelims preparation. As the same time use Study material provide by Nesto institute extensively.
Ans: The mantra to success in the IBPS RRB exam as per toppers is determination, passion, and hard work.
Ans: We suggest coaching will make you perfect in short time. Getting guidance from exparts are always advisable for success.
Ans: Nesto institute provides best free mock test series for all their students . Post exam analysis conducted by Nesto institute w is critical for any to understand their weakness and for further improvement.
Students can attend the classes on weekdays and also weekends in both regular mode and online mode.
Students can attend the classes on weekdays and also weekends in both regular mode and online mode.
NESTO IBPS Bank Exam Training Center offers result-oriented Bank Exam Training at one of the lowest fees.
Ans: The initial basic IBPS Clerk salary is ₹ 19,900/-. Furthermore, the initial overall salary of a clerk after adding all allowances and deductions is approx. ₹ 29,453/-.
And: The IBPS Clerk selection procedure consists of two stages. Nesto institute coaches students for all stages without any additional payment.
A: The IBPS Clerk selection procedure involves two computer-based online exams, i.e., Prelims and Mains.
A: The final selection for IBPS Clerk depends on the candidates’ performance in Mains. In addition, the participating banks conduct Language Proficiency Test (LPT) and certificate verification.
Ans: The application fee for SC/ST/PWBD/EXSM candidates is ₹ 175/-. However, the application fee for other candidates is ₹ 850/-.
Ans: The age limit for candidates is 20 to 28 years. Furthermore, candidates belonging to reserved categories are entitled to get relaxation on the upper age limit.
Ans: Candidates should have a bachelor’s degree in any discipline with a minimum of 50% aggregate marks. In addition, they should have knowledge of word processing on PC.
Ans: The IBPS Clerk – Mains exam contains four sections, i.e., General/ Financial Awareness, General English, Reasoning Ability & Computer Aptitude, and Quantitative Aptitude. Nesto conducts specific classes for English, Banking /Financial awareness
Ans: The IBPS Clerk Mains question paper contains 100 multiple-choice questions.
Ans: IBPS Clerk Prelims is conducted for 100 marks.
Ans: The overall duration of the IBPS Clerk Prelims exam is 160 minutes.
Ans: IBPS Clerk Mains is conducted for 200 marks.
Ans: The IBPS Clerk Mains question paper contains 190 multiple-choice questions.
Ans: IBPS Clerk Mains is conducted for 200 marks.
Ans: The overall duration of the IBPS Clerk Main exam is 160 minutes.
A: Yes, there is a negative marking in Prelims and Mains 0.25 of the marks assigned to that question will be deducted for each wrong answer.
Ans: Yes, candidates have to obtain sectional cut-off, as well as overall cut-off marks, to qualify in IBPS Clerk Mains.
The overall difficulty level of IBPS Clerk mains exam as well as the number of good attempts is given below.
Overall Difficulty Level.
Section | Good Attempts | Difficulty Level |
Quantitative Aptitude | 26-28 | Moderate |
General/Financial Awareness | 27-29 | Moderate |
English Language | 20-22 | Moderate |
Overall | 91-99 | Moderate |
Attending a Regular Mock test and Doubt removal class make sure that the students can overcome this difficulty .
The candidates who will be selected for the IBPS Clerk post will have to undergo a probation period of 6 months. Only after an assessment test or review of the candidate’s performance, will he/she be considered as a permanent employee. Nesto Institute will assist students life time to build there career.
As a part of IBPS Clerks Selection Process, the exam does not include an interview stage and the final result is declared just a month after the mains exam
It is possible to prepare and crack the IBPS Clerk Exam on the 1st attempt by attending . Just follow the above-discussed tips, work hard, practice a lot, and you can make it through in one go.
Nesto institute offers unlimited classes till you clear the exam. , so that you need not worry about appearing for multiple exams.
Students can attend the classes on weekdays and also weekends in both regular mode and online mode.
NESTO IBPS Bank Exam Training Center offers result-oriented Bank Exam Training at one of the lowest fees.
In NESTO we offer great coaching for students and provide them with unlimited classes with no extra fees. We provide them also free interview preparations for all the courses. No one gives study materials as much as we do, our study materials are prepared by experienced faculties and alumni.
The answer is yes, we offer coaching in both Tamil and English. We also coach our students to be fluent in English as they get coached in our NESTO Institute.
Speed improvement tests are available at NESTO Institute. We teach all our students to improve their speed while taking regular tests in our Institute. We saw many students struggling to improve their speed and many failed because of that. In NESTO we know the right coaching to improve one’s speed improvement.
Yes, we offer both online and offline coaching for students for all our courses with the same care. After Covid-19 many students moved to online classes so we focus on both online and offline classes regards where they from.
Where most of the coaching center asks for extra fees for interview preparation we NESTO Institute offer great interview coaching preparation and train them to be confidence with no extra costs. We also record and analyze their interview preparation and use it to correct them later.
Our faculties are well qualified and experienced in their industries they also have history working in government sectors. Our faculties made so many students dream comes true.
The Process is really simple please fill out the form with valid information once it is done we will reach you shortly and will have a discussion with the student as well as the parents.
Any bank PO exam is not so difficult to clear. If you go through the detailed syllabus of the PO exam, you will realize that most of the syllabus is of basic, high school level. What makes it difficult for most of the candidates to clear the exam is the lack of a proper study plan
No. The syllabus is common for clerks as well as PO except Specialist officers. The difficulty level is high for PO compared to clerks.
Nesto Institute will conduct special classes and additional mock tests specific to the PO exam.
IBPS test only tests your aptitude not on accounting or banking knowledge . Engineers, Science students joined the bank and grew in the banking career.
- Examine the syllabus completely . Learn more concepts and follow the Study material given by Nesto institute.
- Attend previous year’s exam papers solving classes conducted in Nesto institute.
- In banking exams, the reasoning section is the most important. Make it a daily habit to practice 4-5 sets of question papers.
- Quantitative aptitude is made up of questions from the 8th std to XII standard math book.. Short-cut methods are critical for achieving high scores in a short amount of time.
- Improve your vocabulary to score well in the English section. Make it a habit to read the National on a financial daily basis. Make a list of unfamiliar words and look up their definitions in a dictionary. Make a plan to review old vocabulary every day.
- Understand terms of banking economics, financial rules, social development, banking rules, sports news, and other important news.
- Learn Digital banking like types of ATM , various payment system in banks like RTGS , IMPS etc
- Mock tests are essential for effective time management in the examination hall.
- Learn to write essays about various economic topics and this will help to answer the descriptive questions in the Mains exam, keeping in mind the exam’s time constraints.
- To face the interview, you must be confident and well-prepared in all of the above-mentioned areas.
- Finally, a positive and optimistic attitude, combined with hard work, dedication, and determination, will bring you one step closer to success.
No, passing the SBI Clerk test is not tough if students prepare carefully. To pass the exam, candidates must develop a solid strategy and study on a regular basis. Also suggest to take the advise from Experts in Nesto Institute.
The candidates must make a proper timetable and adhere to that timetable. They must thoroughly practice those subjects that are difficult. They must do proper revisions and appear for mock tests. Also, the previous year’s exam paper should also be solved.
The Reserve Bank’s operations are governed by a central board of directors, RBI is on the whole operated with a 21-member central board of directors appointed by the Government of India in accordance with the Reserve Bank of India Act.
In India, Reserve Bank Of India or RBI is known as the banker’s bank. It is so called because it acts as a bank for all the commercial banks in India. RBI holds their cash reserves, lends them short -term funds and provides them the central clearing and remittances facilities.
As per the current monetary policy announced on September 30, 2022, the repo rate stands at 4.00% and the reverse repo rate at 3.35%. The marginal standing facility (MSF) rate and the Bank Rate stand at 4.25%. Further the CRR rate and SLR rate stand at 4.50% and 18.00%.
The Correct Answer is Mumbai. The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
Indian Central Banking Enquiry Committee revives the issue of the establishment of the Reserve Bank of India as the Central Bank for India. Reserve Bank of India Act, 1934, (II of 1934) constitutes the statutory basis on which the Bank is established.
Students learn throughout the week and on weekends in a regular mode and an online mode.