Interview Questions

Satyadev Kalra

Bank Of India
Q1:-What is IIP? Who calculates IIP? Significance? Frequency of calculation? Present Value? Q2:- CCI slaps Rs 6307cr penalty on 11 cement firms for cartel sale. What is cartel and what is competition act? Q3:-Chief Statistician of India? Q4:- AIR INDIA Fiasco? Whats happening? History? Q5:-BRIC Analysis? Q 6:-How bad is the condition actually? Q7:-New Chief election Commissioner? Q 8:-Inside Trading? Q9:-KYC? Q10:-RTE? Q11:- Constitution of India? Q12:-Article 370? Q 13:- AFSPA? Q14:-CAG? Q15:-Spain bank bail out? Q16:- Anti defection law? Q17:- Article 352? Q 18:-Two Houses-? Q19:-No of tax payers in India? Q20:- Bihar Growth rate? Q21:-5 things that Finance minister is counting on? Q22:-Oil Benchmark?
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Bank Of India

Ans 1:- Index of Industrial Production is an index which details out the growth of various sectors in an economy. E.g. Indian IIP will focus on sectors like mining, electricity and manufacturing. Base year is 2004-2005.Frequeny of calculation is monthly.

In India, the Central Statistical Organisation (CSO) is responsible for compilation and release of the Index of Industrial Production (IIP). Who works under MOSPI. 0.1 per cent in April 2012; though better than the 4.1 per cent contraction witnessed during the previous month. 3.1 per cent in April 2012 after contacting 1.3 per cent during March 2012. The mining sector output during FY12 had contracted by 2.0 per cent. is the only sector whose output did not witness contraction in any months of last fiscal. Ans 2:- Competition Act was formed in 2002. Competition Commission of India(CCI) 50% of profits in 2010 for all these 11 companies. Ans 3:- Under MOSPI(Ministry of Statistics and Programme implementation.) Dr. T. C. A. Anant, Secretary and Chief Statistician of India, M/o Statistics and Programme Implementation Sardar Patel Bhawan, New Delhi 110 001 Tele: 23742150, Telefax: 23742067, email address: tca.anant@nic.in
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Bank Of India
Ans 4:- Air India is the flag carrier airline of India. It is part of the government of India owned Air India Limited (AIL). Air India has faced multiple problems, including escalating financial losses,[3] discontent amongst employees, and poor customer service. Air India was founded by J. R. D. Tata in July 1932 as Tata Airlines, a division of Tata Sons Ltd. (now Tata Group). In 1948, after the independence of India, 49% of the airline was acquired by the Government of India, with an option to purchase an additional 2%. 1953- nationalised the air transportation industry Ans 5:-BRIC -Jim O'Neill, global economist at Goldman Sachs B-BrazilYear 2010 2011 R=Russia-Constant 4% GDP growth. GDP growth 7.5 2.7

I-India Year 2010 2011 C-China Year 2010 2011 Ans6-India:Possibility of default:-increased, but in India External debt to GDP ratio is 3.4% Debt to GDP ratio is falling. Very high Debt in domestic currency which RBI can anytime can print money.
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GDP growth 8.5 6.5

GDP growth 10.4 9.2

Bank Of India
External Debt-India's external debt stock was US$ 334.9 billion,Total Reserve is 15,936.4 Bn Ans 7:-V S sampath New chief election commissioner General Bikram singh-New Army chief Ans 8:-Insider Trading:Corporate Insider:-Ex Rajat Gupta/ Corporate Outsider:-Information thieves Transction Insider:-Lawyer, cant buy or sell Goverment Insider:-Govt official trades ahead of major policy action. Mr Gupta faces a maximum sentence of 25 years in prison, but will likely serve less time than that. Mr Rajaratnam, the former head of the Galleon Group hedge fund who was convicted of orchestrating a huge insider trading conspiracy last year, is serving an 11-year jail term. Ans9:- KYC is drafted by Reserve bank of India 2002, implemented by banks 2005. (Anti laundering money). Ans10:-RTE, 2009, The Act makes education a fundamental right of every child between the ages of 6 and 14 and specifies minimum norms in elementary schools. It requires all private schools to reserve 25% of seats to children from poor families (to be reimbursed by the state as part of the public-private partnership plan). It also prohibits all unrecognized schools from practice, and makes provisions for no donation or capitation fees and no interview of the child or parent for admission. Ans11:- 395 Articles and 12 Schedules, and more than 80 amendments. Ans12:- Article 370:- special state of Jammu and Kashmir. Ans13:-AFSPA:- Armed Forces (Special Powers) Act (AFSPA), was passed on September 11, 1958, by the Parliament of India. It conferred special powers upon armed forces in what the act calls "disturbed areas" in the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. It was later extended to Jammu and Kashmir as The Armed Forces (Jammu and Kashmir) Special Powers Act, 1990 in July 1990.

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Bank Of India
Ans14:- (Comptroller and Auditor General of India).6 years length. Who audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The Comptroller and Auditor-General of India is appointed by the President of India following a recommendation by the Prime MinisterVinod Rai. Ans 15:- ($124.68 billion) plan hatched over the weekend to rescue Spain's banks. In Spain unemployment rate is 24 % as compared to 9.2% in India. Spain will become the fourth euro-zone nation to receive a relief package from the EU and the International Monetary Fund after Greece, Ireland and Portugal since the outbreak of the euro-zone sovereign debt crisis two years ago. Unlike the previous bailouts, Spain will not be subjected to austerity measures or structural reforms usually associated with a bailout and the conditions attached will be restricted to the banking sector only. Ans 16:- Sachin Member of Rajya Sabha Anti Defernce law states that:1. if he voluntarily gives up the membership of the political party on whose ticket he is elected to the House; 2. if he votes or abstains from voting in the House against any direction of the political party or by any person or authority authorized by it in this behalf, without the party permission , of such party and unless it has been condoned by the party within 15 days from the date of voting or abstention;or 3. if any nominated member joins any political party after the expiry of 6 months from the date on which he takes his seat in the House. Ans17:- Life of the Lok Sabha can be extended by the Parliament beyond the five year term, when a proclamation of emergency under Article 352 is in force. But the Indian Government Parliament cannot extend the normal life of the Lok Sabha for more than one year at a time ( no limit on the number of times in the Constitution ). Ans18:- Rajya Sabha is upper Parliament,,when its short in powers-loss in supply is interpreted as indicating a loss of confidence in the government. Ans19:-No of tax payers in India:-3% as compared to 45% in US. Direct Taxes are levied directly on income, capital value, wealth, corporate assets. Consequently, following are the types of Direct taxes. Income tax, Capital Value tax, Wealth tax, and Corporate Assets tax are Direct taxes. These
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Bank Of India
taxes are directly applied on the capital gain, profit, earnings and salaries of people. Income tax is a kind of progressive tax whereas corporate tax is a kind of proportional tax or applied on flat rate.

Indirect taxes are charged hidden without the prior information of payee. Mostly these are consumption taxes. Most common indirect taxes are sales tax, central excise tax, and customs. These are called consumption taxes. Ans 20:-

Ans21: Pick up investment growth. A Good Monsoon. Reversal in Interest rate cycle. Decline in price of crude. Rebound in Mining sector.

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Bank Of India
Ans22:-Crude Oil benchmark:- 3 are WTI, Brent Blend, Dubai Blend. India basket uses Oman\Dubai for sour grade crude and Brent for the sweet grade one in the ratio of 65.2 and 34.8.

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