The Central Bank Of India (CBI) is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The CBI is headquartered in Mumbai, Maharashtra.
The CBI is responsible for formulating and implementing , regulating the Banking system, and issuing currency. It also acts as the government’s banker and financial advisor.
The CBI is governed by a board of directors, which is appointed by the government of India. The board is responsible for overseeing the CBI’s operations and ensuring that it meets its objectives.
The CBI conducts its operations through a Network of offices located throughout India. The head office of the CBI is located in Mumbai, Maharashtra. The CBI also has regional offices located in Chennai, Kolkata, New Delhi, and Ahmedabad.
The CBI’s main functions are as follows:
- To formulate and implement monetary policy.
- To regulate the banking system.
- To issue currency.
- To act as the government’s banker and financial advisor.
- To promote the development of the financial system.
- To maintain financial stability.
- To protect the interests of depositors.
- To promote the soundness and efficiency of the financial system.
The CBI is a statutory body and is governed by the Reserve Bank of India Act, 1934. The Act provides for the establishment of the CBI, its powers and functions, and its management.
The CBI is headed by the Governor, who is appointed by the government of India. The Governor is assisted by four Deputy Governors. The CBI also has a number of other officers, including the Chief General Manager, the General Managers, and the Deputy General Managers.
The CBI’s budget is approved by the government of India. The CBI’s income is derived from a variety of sources, including interest on its investments, fees charged for its Services, and profits from its trading activities.
The CBI is subject to the audit of the Comptroller and Auditor General of India. The CAG‘s report on the CBI’s accounts is submitted to the Parliament of India.
The CBI is a powerful institution and plays a vital role in the Indian economy. It is responsible for maintaining financial stability and promoting the soundness and efficiency of the financial system. The CBI is also responsible for protecting the interests of depositors and promoting the development of the financial system.
The CBI has been criticized for its lack of Transparency and Accountability. It has also been accused of Corruption and cronyism. However, the CBI remains an important institution in the Indian economy and plays a vital role in maintaining financial stability.
The CBI is a highly competitive exam and the competition is expected to be even tougher in 2024. The exam is conducted in two stages: the preliminary exam and the main exam. The preliminary exam is a qualifying exam and the main exam is the selection exam.
The preliminary exam is a two-hour exam consisting of two papers: General Awareness and Quantitative Aptitude. The General Awareness paper consists of questions on current affairs, HISTORY, Geography, Polity, economics, and general knowledge. The Quantitative Aptitude paper consists of questions on arithmetic, algebra, geometry, and Data Interpretation.
The main exam is a three-day exam consisting of six papers: General Studies Paper I, General Studies Paper II, General Studies Paper III, Economic and Social Development, Indian Polity and Governance, and English Language and Comprehension.
The General Studies papers are compulsory for all candidates. The Economic and Social Development paper is compulsory for candidates who have opted for the Economic and Social Development optional subject. The Indian Polity and Governance paper is compulsory for candidates who have opted for the Indian Polity and Governance optional subject. The English Language and Comprehension paper is compulsory for all candidates.
The optional subjects are:
- Economics
- Finance
- Geography
- History
- Public Administration
- Sociology
- Statistics
The CBI exam is a difficult exam and requires a lot of preparation. Candidates should start preparing for the exam at least six months in advance. They should focus on the syllabus and practice the previous year’s papers. They should also join a good coaching institute to get proper guidance and preparation.
The CBI exam is a great opportunity for candidates who want to build a career in the banking sector. The exam is highly competitive and the competition is expected to be even tougher in 2024. However, candidates who are well-prepared can crack the exam and secure a coveted job in the CBI.
What is the exam pattern of the Central Bank Of India So Exam 2024?
The Central Bank of India SO Exam 2024 will be a two-stage exam. The first stage will be a preliminary exam, which will be objective in nature. The second stage will be a mains exam, which will be a descriptive exam.
The preliminary exam will consist of two papers, each of 200 marks. The first paper will be on General Awareness, while the second paper will be on Quantitative Aptitude and Reasoning.
The mains exam will consist of four papers, each of 300 marks. The first paper will be on English, the second paper will be on Economics, the third paper will be on Banking and Finance, and the fourth paper will be on General Studies.
The preliminary exam will be held on February 25, 2024, while the mains exam will be held on April 1, 2024.
What are the eligibility criteria for the Central Bank of India SO Exam 2024?
To be eligible for the Central Bank of India SO Exam 2024, you must have a graduate degree from a recognized university. You must also be between the ages of 21 and 30 years on the date of the preliminary exam.
What are the syllabus and marking scheme for the Central Bank of India SO Exam 2024?
The syllabus for the Central Bank of India SO Exam 2024 is as follows:
Preliminary exam:
- General Awareness: 200 marks
- Quantitative Aptitude and Reasoning: 200 marks
Mains exam:
- English: 300 marks
- Economics: 300 marks
- Banking and Finance: 300 marks
- General Studies: 300 marks
The marking scheme for the Central Bank of India SO Exam 2024 is as follows:
Preliminary exam:
- Each correct answer will carry 1 mark.
- There will be no negative marking for incorrect answers.
Mains exam:
- Each correct answer will carry 3 marks.
- There will be 0.25 marks deducted for each incorrect answer.
What are the books that I should refer to for the Central Bank of India SO Exam 2024?
The following books are recommended for the Central Bank of India SO Exam 2024:
- General Awareness: Lucent’s General Knowledge Manual
- Quantitative Aptitude and Reasoning: R S Aggarwal’s Quantitative Aptitude for Competitive Examinations
- English: The Hindu Editorials
- Economics: Ramesh Singh’s Indian Economy
- Banking and Finance: The Indian Financial System by RBI
- General Studies: Spectrum General Studies for Competitive Examinations
What are the tips for the Central Bank of India SO Exam 2024?
The following tips are helpful for the Central Bank of India SO Exam 2024:
- Start your preparation early.
- Make a study plan and stick to it.
- Practice regularly.
- Solve previous year’s papers.
- Take mock tests.
- Stay calm and focused on the day of the exam.
What are the career prospects after clearing the Central Bank of India SO Exam 2024?
The career prospects after clearing the Central Bank of India SO Exam 2024 are very good. You can get a job as a Specialist Officer in the Central Bank of India. The salary and benefits are very attractive. You can also get promoted to higher positions in the bank.