South Indian Bank Question Papers
The roots of the State Bank of India lie in the first decade of the 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). All three Presidency banks were incorporated as joint stock companies and were the result of royal charters. These three banks received the exclusive right to issue paper currency till 1861 when, with the Paper Currency Act, the right was taken over by the Government of India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint stock company but without Government participation.
Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India’s central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India’s stake in SBI so as to remove any conflict of interest because the RBI is the country’s banking regulatory authority.
In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made SBI subsidiaries of eight that had belonged toprincely states prior to their nationalization and operatonal take-over between September 1959 and October 1960, which made eight state banks associates of SBI. This acquisition was in tune with the first Five Year Plan, which prioritised the development of rural India. The government integrated these banks into the State Bank of India system to expand its rural outreach. In 1963 SBI merged State Bank of Jaipur (est. 1943) and State Bank of Bikaner (est.1944).
SBI has acquired local banks in rescues. The first was the Bank of Bihar (est. 1911), which SBI acquired in 1969, together with its 28 branches. The next year SBI acquired National Bank of Lahore (est. 1942), which had 24 branches. Five years later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been established in 1916 in Gwalior State, under the patronage of Maharaja Madho Rao Scindia. The bank had been the Dukan Pichadi, a small moneylender, owned by the Maharaja. The new bank’s first manager was Jall N. Broacha, a Parsi. In 1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was the acquirer as its affiliate, theState Bank of Travancore, already had an extensive network in Kerala.
There has been a proposal to merge all the associate banks into SBI to create a “mega bank” and streamline the group’s operations.
The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI, reducing the number of associate state banks from seven to six. Then on 19 June 2009 the SBI board approved the absorption of State Bank of Indore. SBI holds 98.3% in State Bank of Indore. (Individuals who held the shares prior to its takeover by the government hold the balance of 1.7%.)
The acquisition of State Bank of Indore added 470 branches to SBI’s existing network of branches. Also, following the acquisition, SBI’s total assets will inch very close to the ₹10 trillion mark (10 billion long scale). The total assets of SBI and the State Bank of Indore stood at ₹9,981,190 million as of March 2009. The process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore branches started functioning as SBI branches on 26 August 2010.
On October 7, 2013, Arundhati Bhattacharya became the first woman to be appointed Chairperson of the bank.
- Reasoning 40
- English Language 40
- Numerical Ability 40
- General Awareness (with special reference to the Banking Industry) 40
- Computer Knowledge 40
TOTAL: 200Marks , Time: 120 minutes
South Indian Bank General Awareness
1. As a part of its commitment to the World Trade Organization (WTO) India has taken various steps to
reform its financial sector. Which of the following is one major step in this direction ?
(A) Huge budgetary provision for Bharat Nirman Yojana
(B) More and more foreign banks are allowed to open their branches in India
(C) Rebate in rate of personal income tax for Senior Citizen
(D) Introduction of Dividend Distribution Tax (DDT)
(E) None of these
2. As per the new guidelines issued by the National Housing Bank persons marginally above the
poverty line can avail a one-time loan for housing and income generating activities. What is the limit of
the total loan one can get for the same ?
(A) Rs. 50,000
(B) Rs. 60,000
(C) Rs. 70,000
(D) Rs. 75,000
(E) Rs. 1,00,000
South Indian Bank English language
(1-4) Thomas Alva Edison lit up the world with his invention of the electric light. Without him,
the world might still be a dark place. However, the electric light was not his only invention. He
also invented the phonograph, the motion picture camera, and over 1,200 other things. About
every two weeks he created something new.
Thomas A. Edison was born inMilan,Ohio, on February 11, 1847. His family moved toPort
Huron,Michigan, when he was seven years old. Surprisingly, he attended school for only two
months. His mother, a former teacher, taught him a few things, but Thomas was mostly selfeducated.
His natural curiosity led him to start experimenting at a young age with electrical and
mechanical things at home.
South Indian Bank Reasoning
1. In a certain code ROPE is written as $3%6 and RITE is written as $4#6. How is PORT
written in that code?
(5) None of these
2. How many such pairs of letters are there in the word KNIGHT, each of which has as many
letters between them in the word as they have in the English alphabet?
(5) More than three
South Indian Bank Numerical Aptitude question
1. 4, 10, 23, 50, 104, 216, 439.
2. 89., 78, 86, 80, 85, 82, 83.
(a) 83 (b)82 (c)86 (d)78
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