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 , maintaining financial stability, and regulating the financial system. It also acts as the banker to the government of India and the banker’s bank.
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 is a statutory body, which means that it is governed by a law passed by the Parliament of India. The CBI Act, 1934, sets out the CBI’s powers and functions.
The CBI is a major employer in India. It has a staff of over 20,000 employees. The CBI’s employees are recruited through a competitive examination.
The CBI is a highly respected institution in India. It is known for its independence and its commitment to the Rule of Law.
The CBI has been involved in a number of high-profile investigations, including the 2G spectrum scam, the coal scam, and the AgustaWestland VVIP chopper scam.
The CBI has also been involved in a number of controversies, including the arrest of former Finance Minister P. Chidambaram and the raid on the office of the then-Chief Justice of India, Ranjan Gogoi.
Despite the controversies, the CBI remains a vital institution in India. It plays a key role in maintaining financial stability and in ensuring that the government of India is accountable to the people.
The CBI is currently facing a number of challenges, including a shortage of staff and a lack of Resources. The CBI is also facing criticism for its handling of some high-profile cases.
Despite the challenges, the CBI remains a vital institution in India. It plays a key role in maintaining financial stability and in ensuring that the government of India is accountable to the people.
The CBI is scheduled to conduct its next recruitment examination in 2024. The examination will be conducted for the post of Assistant Central Bank Officer (ACBO). The ACBO is a Group B post in the CBI.
The eligibility criteria for the ACBO post are as follows:
- The candidate must be a citizen of India.
- The candidate must have a Bachelor’s degree in any discipline from a recognized university.
- The candidate’s age must be between 21 and 30 years as on January 1, 2024.
- The candidate must have a good command of English.
The selection process for the ACBO post will consist of two stages:
- Stage I: Preliminary Examination
- Stage II: Main Examination
The Preliminary Examination will be a objective-type examination consisting of 100 questions. The questions will be based on the following subjects:
- General Intelligence and Reasoning
- General Knowledge
- English Language
The Main Examination will be a descriptive-type examination consisting of three papers:
- Paper I: General Studies
- Paper II: Economic and Social Development
- Paper III: Banking and Financial Awareness
The CBI will also conduct a physical fitness test for the candidates who qualify in the Main Examination.
The final selection of the candidates will be based on their performance in the Preliminary Examination, Main Examination, and physical fitness test.
The CBI is a prestigious organization and the ACBO post is a challenging and rewarding career option. The candidates who are interested in joining the CBI should start preparing for the examination well in advance.
What is the Central Bank of India?
The Central Bank of India is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The bank is headquartered in Mumbai, Maharashtra.
What are the functions of the Central Bank of India?
The Central Bank of India performs a variety of functions, including:
- Issuing currency
- Maintaining price stability
- Regulating the banking system
- Supervising financial institutions
- Promoting economic Growth
- Conducting monetary policy
- Managing the country’s Foreign Exchange reserves
What are the qualifications required to apply for the Central Bank Of India So Exam 2024?
The minimum qualifications required to apply for the Central Bank of India SO Exam 2024 are:
- A bachelor’s degree in any discipline from a recognized university
- 3 years of work experience in a relevant field
What is the syllabus for the Central Bank of India SO Exam 2024?
The syllabus for the Central Bank of India SO Exam 2024 is as follows:
- General Awareness
- English
- Quantitative Aptitude
- Reasoning Ability
- Data Interpretation and Logical Reasoning
- Computer Knowledge
What is the pattern of the Central Bank of India SO Exam 2024?
The Central Bank of India SO Exam 2024 is a two-stage exam. The first stage is a written exam, which is followed by an interview. The written exam consists of two papers:
- Paper I: General Awareness and English
- Paper II: Quantitative Aptitude, Reasoning Ability, Data Interpretation and Logical Reasoning, and Computer Knowledge
The interview will be based on the candidate’s performance in the written exam and their qualifications.
What is the expected salary for a Central Bank of India SO?
The expected salary for a Central Bank of India SO is around Rs. 30,000 per month.
What are the career prospects for a Central Bank of India SO?
The career prospects for a Central Bank of India SO are very good. The bank offers a variety of career opportunities, including:
- Officer in the Issue Department
- Officer in the Banking Department
- Officer in the Foreign Exchange Department
- Officer in the Economic Research Department
- Officer in the Human Resources Department
- Officer in the Information Technology Department
How to prepare for the Central Bank of India SO Exam 2024?
The best way to prepare for the Central Bank of India SO Exam 2024 is to:
- Start your preparation early.
- Make a study plan and stick to it.
- Practice regularly.
- Take mock tests to assess your preparation level.
- Stay updated with the latest news and happenings in the banking sector.
- Get a good night’s sleep before the exam.
- Eat a healthy breakfast on the day of the exam.
- Arrive at the exam center early.
- Read the instructions carefully before you start the exam.
- Do not panic if you do not know the answer to a question.
- Mark the questions that you are not sure of and come back to them later.
- Do not spend too much time on any one question.
- Check your answers before you submit the exam.