Bank Clerk Questions

IBM - International Business Machines Corporation has a nickname as Big Blue.

When exports are greater than imports, net exports are positive and similarly, when imports are greater than exports, net exports are negative.

When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP.

To reduce the risk of bacterial contamination, many foods must be stored in the refrigerator and thus kept below 5 degrees Celsius. These foods are often classified as ‘high-risk foods’ and include – meat, poultry, dairy, seafood, eggs, smallgoods and cooked rice and pasta. This also refers to ready-to-eat foods that have high-risk foods as ingredients and include – casseroles, quiche, pasta salad, pizza, sandwiches and many cakes.

By keeping these high-risk foods under 5 degrees Celsius it stops them from entering the ‘danger-zone’ – temperatures between 5 degrees Celsius and 60 degrees Celsius. The danger-zone is the temperature zone which provides bacteria with the perfect environment to rapidly grow and multiply to numbers that cause food poisoning.

Five associate banks of SBI – State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB) became part of the State Bank of India (SBI) on 1 April 2017. This merger catapulted SBI to among the top 50 banks in the world.

– With this six-way mega merger, the merged entity (SBI) will have a deposit base of more than Rs. 26 lakh crore and advances level of Rs. 18.50 lakh crore. It will have a total customer base of 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

– The government had in February 2017 approved the merger of these five associate banks with SBI. Later in March 2017, the Cabinet approved merger of BMB as well.

– SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged with it.

Valuable suggestion from the retired professors will be helpful for restructuring of an organisation. Hence, management should involve such experienced people. Seeking permission from the employees is not the right course of action.

Magma is molten rocks beneath the earth's crust. Hot springs are heated geothermally by underlying magma.

Primary productivity refers to plants that make their own food using sunlight, water and availability of nutrients. Hence, they are not limited by time.

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.