Indian Overseas Bank IOB
Written Examination
The Written Examination will comprise of Objective Test and Descriptive Test details of which is furnished hereunder:
a) Objective Test
Objective Test consisting of Test of Reasoning , Test of English Language, Test of Quantitative Aptitude, Test of General Awareness with special reference to Banking Industry, Test of Computer Knowledge (250 Questions carrying total weightage of 225 with total time duration of 150 minutes).
1 Test of Reasoning : Number of Questions: 50
2 Test of English Language : Number of Questions: 50
3 Test of Quantitative Aptitude : Number of Questions: 50
4 Test of General Awareness with special
reference to Banking Industry
: Number of Questions: 50
5 Test of Computer Knowledge : Number of Questions: 50
Total 250
There will be penalty for wrong answers marked in the objective tests which will result in negative marks for every wrong answer @ one-fourth or 0.25 of the marks assigned to that question. If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer.
b) Descriptive Test
Descriptive paper on English Composition will comprise 3 compulsory questions (Essay, précis writing, letter writing etc,). The Descriptive Test carries total marks of 50 and weightage for the same will be 25. Time duration -One hour.
Note:
The question paper for above test both Objective and Descriptive except the Test of English Language and Descriptive Paper will be printed bilingual i.e. English and Hindi.
Bank will decide the minimum cut-off marks for each test as well as Total Weightage Marks .Depending on the number of number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the written test as per the cut off marks decided by the Bank will only be called for the interview.
About Indian Overseas Bank
Among all other public sector banks Indian Overseas Bank is one the major and trendsetter bank with its base in Madras now know as Chennai. This bank was established during the year 1937 in Madras and has crossed numerous milestones during this long journey in which it proved itself to be one the finest bank of India. It was Shri M. Ct. M. Chidambaram Chettyar who founded this bank with an objective of overseas banking and operations of foreign exchange, which was a yet to be established or even recognized market at that particular time. Barely with three branches in Karaikudi, Madras and Rangoon (now known as Burma), soon it opened its other three branches at Penang, Singapore and Chettinad. Then from there on it went on spree of opening branches and widened its base to Java, Sumatra, Ceylon in Sri Lanka, Malaya, Burma in Myanmar, Singapore, and Saigon.
The base or core specialization of Indian Overseas Bank was in foreign exchange besides overseas banking, which made it a leader in its own perspective, however with nationalization of banks IOB had to absorb five banks with Kulitali Bank and it has to retort to focus on rural banking. Thus from this stage onwards Indian Overseas Bank had to turn inward and thus the real or fundamental base of rural banking was to be made Malaya, Malaya, stronger.
Despite all challenges, it kept its pace with the market and thus established itself to be the most in house technocrat bank. Today it operates more than 1500 branches all over the world besides more than 1100 branches being converted to CBS. With more than 800 ATMs and its IOB International VISA cards this bank is not only the most trusted name in India but also abroad. There are numerous group of clientele who likes to work with Indian Overseas Bank only and that definitely envisages the real image of IOB.
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