Commercial Bank of Ethiopia Question and Answers. Commonly Asked Questions. This is a list of commonly asked questions from our candidates, teachers and private studios.
GENERAL INSTRUCTIONS: ❖ Write your Full name on the space provided above ♦ Make sure that the entire exam booklet consists of 70 questions. The English Part contains 30 questions while 25 questions of QUANTITATIVE APTITUDE are included in the booklet. Finally, 15 questions are included on the general
concepts & practices of Management. ❖ Put your answers for all questions and exam types in the spaces provided ON THE ANSWER SHEET. ❖Check that the examination booklet contains 16 printed pages including the answer sheet. ❖ Do not detach this page.
EXAM I. ENGLISH (total of 30 marks) Part I: Grammar and Use (14 Marks)
A. Incomplete Sentences: Complete the sentences with choices provided. You should choose the one word or phrases that best complete each of the sentences.
1. Nowadays, many of the huge factories and industries ___________to function if there was no adequate electric power. a. were unable b. would be unable c. will be unable d. are unable
2. The variety of goods and services offered __________ limited only by the types of People and organizations that join A. is b. are c. has d. have
3. Dawit’s hobbies include jogging, swimming, an a .to climb mountains b. climb mountains c. to climb d. climbing
4. My sister likes apples, _______ she does not like oranges. a. . so b. for c. but d. or
5. When I graduate from this college next June, I ______a student here for four years. a. will have been b. have been c. has been d. will have
6. I prefer drinking coffee_______ tea. a. than b. to c. with d. all are correct
7. The man is_________ walk up the stairs of the tall building. a. so old to b. too old to c. older to d. old so that he
8. The meeting will begin after the boss _________ a. will arrive b. arrives c. arrived d. have arrived
9. The sentence ‘Go to bed immediately or you can’t get up early tomorrow’ may mean a. If you didn’t go to bed immediately, you couldn’t get up early tomorrow b. If you don’t go to bed immediately, you can’t get up early tomorrow c. If you went to bed immediately, you could get up early tomorrow d. If you go to bed immediately, you can’t get up early tomorrow
Part III: Vocabulary (15marks) A. Choose the right pair to complete the sentences (1 mark each)
10. He warned the workers against supporting these anti-social policies, which he Declared would rather than _______________________ the plight of the common people
a) Rescue; destroy B) Impair; improving c) Aggravate; alleviate d) Protract; inhibit
11. Like the _______ part of the iceberg, much of what is really interesting in the Capital is not __________ a) greater; dangerous c) upper; visible b) submerged; visible d) lower; penetrate
12. Athletes have so perfected their techniques in track; and field events that the _______ Becomes ___________________ before record books can be Published. a) Meet; official c) fantastic; common place b) Time; authentic d) result; obsolete B. Choose the most appropriate meaning for each word in bold type. (1 mark each)
13. Condone: a) surround b) pardon c) bring together d) rule together
14. Incongruous: a) unofficial : ,b) incompatible c) poorly timed d) uneven
15. Cumbersome: a) heavy b) sorrowful c) unwieldy d) laborious
16. Scrutinize: a) erase completely c) examine closely b) turn aside d) read about
C. Choose the pair of words that show the relationship to the pair of words in bold type. (1 mark each)
17. FORGERY : SIGNATURE A) Carbon copy: original B) Faked: genuine C) False : truth D) Proxy : delegate
18. I : MY A) Him : his B) You : you’re C) They : there D)Who : whose
19. ALTHOUGH : NEVERTHELESS a) Since :therefore b) In spite of : consequently c) When : simultaneously d) Because : therefore
Part IV. Reading Passage: (6 marks) Read the paragraphs below and answer questions that follow them (1 mark each) Paragraph ONE
Spend ten romantic days enjoying the lush countryside of southern England. The counties of Devon, Dorset, Hampshire, and Essex invite you to enjoy their castles and coastline, their charming bed and breakfast inns, their museums and their cathedrals. Spend lazy days watching the clouds drift by or spend active days hiking the glorious hills. These fields were home to Thomas Hardy, and the ports launched ships that shaped world history. Bed and breakfasts abound, ranging from quiet farmhouses to lofty castles. Our tour begins August 15. Call or fax us today for more information 1-800-222-XXXX. Enrollment is limited, so please call soon.
20. Which of the following counties is not included in the tour? A. Devon B. Cornwall C. Essex D. Hampshire
21. How many people can go on this tour? A. 10 B. an unlimited number C. 2-8 D. a limited nurr
22. What can we infer about this area of southern England? A. The region has lots of vegetation B. The coast often has harsh weather C. The sun is hot and the air is dry. D. The land is flat
Paragraph TWO
Anna Szewcyzk, perhaps the most popular broadcaster in the news media today, woi the 1998 Broadcasting Award. She got her start in journalism as an editor at the Holtsville County Times in Missouri. When the newspaper went out of business, a Colleague persuaded her to enter the field of broadcasting. She moved to Oregon to begin a master’s degree in broadcast journalism at Atlas University. Following Graduation, she was able to begin her career as a local newscaster with WPSU-TV in Seattle, Washington, and rapidly advanced to national television. Noted for her quick* and trenchant commentary, her name has since become synonymous with Good Day America Accepting the award at the National Convention of Broadcast Journalism in Chicago, Ms. Szewcyzk remarked, “I am so honored by this award that I’m at a total loss for words!” Who would ever have believed it?
23. What is the purpose of this announcement? A. to invite people to the National Convention of Broadcast Journalism B. to encourage college students to study broadcasting , C. to recognize Ms. Szewcyzk’s accomplishments
24. The expression “to become synonymous with” means A. to be the same as.. B. to be the opposite of. C. to be in sympathy with. D. to be discharged from
25. What was Ms. Szewczyk’s first job in journalism? A. She was a T.V. announcer in Washington B. She was a newscaster in Oregon. C. She was an editor for a newspaper in Missouri D. She was a talk show host in Chicago.
Part IV. Rearrange sentences into a paragraph. Then write the correct order in the spaces provide on the answer sheet. Your first sentence is No. 4 (5 marks)
1. To truly control destruction from earthquakes, scientists must find a way to predict them more consistently. 2. Each year earthquakes take 10,000 to 15,000 lives and cause billions of dollars in damages around the world. 3. Recent efforts to predict earthquakes have met with only limited success. 4. Scientists face difficult yet important task in trying to predict earthquakes. 5. Many cities have been totally destroyed. 6. In 181 l and 1812 a series of earthquakes in Missouri changed the course of Mississippi River, shaking the earth enough to stop clocks in Boston. 7. Chinese scientists predicted an earth quake in Hatching in 1975 and Soviet Scientists predicted an earthquake in 1978
Question and Answers.
1: Two Students Appeared at an axamination. One of them secured 9 marks more than the other and his marks was 56% of the sum of their marks. The marks obtained by them are: A.39,30 B. 41,32 C. 42,33 D. 43,34 Answer C
2: The Effective Annual Rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is; A. 6.06% B. 6.07% C. 6.08% D. 6.09% Answer D
3: At What Rate of compound interest per annum will a sum of 1200br. Become 1348.32br in 2 years? A. 6% B. 6.5% C. 7% D. 7.5% Answer A
4: How Long will the people (put up with) the increasing economic hardships? A.Welcome B.take easily C. Remain satisfief with D.Tolerate Answer D
5: Govid has left his country (for good) A.For better opportnuities B. on an important mission C. Forever D. to return soon Answer C
5: We Look forward to (hear) from you A.hearing B. have heard C. Listen D. No improvement Answer A
6: Either (he or i am going) A.he or i are going B.he is going or i am C. I or he is going D. No improvement Answer D
7: A sum of money amounts to Rs.9800 After 5Years and Rs. 12005 After 8 Years at the same rate of simple interest. The rate of interest per annum is: A.5% B. 8% C. 12% D. 15% Answer C
8: Today is monday. After 61days, it will be A. Wednesday B. Saturday C. Tuesday D. Thursday Answer. B
9:How Many Days are there in x weeks x days? A.7x^2 B.8x C. 14x D. 7 Answer B
10:Solution. X weeks X days=(7x + x) days=8x days The last day of a century cannot be A. Monday B.Wednesday C. Tuesday D. Friday Answer C
11: Which Of the following is not a leap year? A.700 B. 800 C. 1200 D. 2000 Answer A Solution: the Century Divisible By 400 is a leap year :- The year 700 is not a leap year.
BEACON Financial solutions and Investment PLC invites qualified and experienced applicants for the various positions. BEACON Ethiopia is invites job seekers for appointment.
BEACON INTERNATIONAL PLC. Established in 1996 E.C, Beacon International PLC. is a leading importer of industrial tools & Accessories in Ethiopia. We specialize in supplying wide range of industrial accessories and tools (2B050, 2B052, 2B051, IE020), bolt and nut, fisher, screw, bearing pullers, cutting tools, cutting saws and cutting knives.
The interested applicants can apply before the closing date of application. For more information please read the full article.
Quick Details of BEACON
Hiring Organization: BEACON Financial solutions and Investment PLC
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The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
BEACON Financial solutions and Investment PLC wants to recruit employees in the following vacant positions the details of which are mentioned below.
1: Junior Accounting
Educational Qualification: Bachelor’s degree in Accounting and Finance
S.R.E (Scientific Revolution Earth) invites qualified and Fresh Graduate applicants for the various positions. S.R.E (Scientific Revolution Earth) Ethiopia is invites job seekers for appointment.
The Scientific Revolution was a series of events that marked the emergence of modern science during the early modern period, when developments in mathematics, physics, astronomy, biology and chemistry transformed the views of society about nature. The Scientific Revolution took place in Europe towards the end of the Renaissance period and continued through the late 18th century, influencing the intellectual social movement known as the Enlightenment.
S.R.E (Scientific Revolution Earth) a technology company established to solve major development challenges of the world using innovative Technologies. Hence, we would like to invite highly motivated innovators.to join our research & development team with the following educational background.
The interested applicants can apply before the closing date of application. For more information please read the full article.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Recently the has published an employment notification in Addis Zemen regarding the currently vacant post on various posts. Therefore, interested Ethiopia Govt job seekers must apply before the closing date.
1: programmer
First degree in computer science, information technology computer engineering
We are looking for highly skilled programmer in web programmer, mobile app development, artificial intelligence & machine learning.
Experience-Zero Year
No of position –three
Place of work:Addis Ababa, Gollagul Tower (Around 22 Mazoria)
2: Research and Development Officer
Qualification and Requirements: First degree in electro mechanical engineering
Excellent spoken and written in both Amharic and English language
Excellent solid works design skill (mandatory )
Ability to work with a team
Experience-Zero Year
No of position –two
Plan, Organize co-ordinate and control over all research and Development projects.
Travel outside of Addis Ababa to to Deploy Projects.
Prepares Quarterly and annual project programs.
Engage in the design development and deployment of project
Place of work:Addis Ababa, Gollagul Tower (Around 22 Mazoria)
How to Apply
Interested applicants who met the above criteria are invited to apply in person Within 10 days of this announcement appears in News Paper through the following address :-
Interpeace Ethiopia Jobs 2021: Interpeace invites qualified and experienced applicants for the various positions. Interpeace Ethiopia is invites job seekers for appointment.
The interested applicants can apply online through the official career page of Interpeace before the closing date of application. For more information please read the full article.
Interpeace is an international peacebuilding organization that supports locally led peacebuilding initiatives around the world. Interpeace tailors its approach to each society and ensures that the work is driven by national actors.
Together with civil society and government partners, Interpeace develops programmes that help to establish processes of change that connect communities, civil society, government and the international community.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Interpeace Ethiopia Job Notifications 2021: The Interpeace wants to recruit employees in the following vacant positions the details of which are mentioned below.
1: ADMINISTRATIVE ASSISTANT
Qualifications Education:Completion of secondary school education supplemented by relevant further training in bookkeeping, accounting, business administration and/or related fields and/or relevant equivalent professional experience is required
Experience:At least 2 years of relevant post-qualification experience in a busy office environment, preferably in an INGO
Location: Addis Ababa (ETH)
Contract Type and Duration: 1.5 years, then possible 1-year renewable
Salary: Negotiation
Understanding of basic office procedures and proficient in using office equipment including, but not limited to: copiers, fax machine, printers, and postage machine.
Working proficiency in computer software use, primarily MS Office tools
Knowledge of and ability to apply practices and procedures for data entry, preparing administrative documents and maintaining file systems
Strong interpersonal skills
Excellent verbal and written skills in English and Amharic.
Must have strong problem-solving skills, pay close attention to detail, and ability to prioritize work.
Ability to work well under pressure and deliver within required deadlines, often in a fast-paced work environment
Good writing, presentation, and time management skills
Efficient, professional and results driven
Ability to work in a multicultural environment successfully and to demonstrate gender-responsive and non-discriminatory behavior and attitudes.
Excellent ability to interact with people respectfully and with tact.
Ability to deal with confidential information and/or issues using discretion and good judgment
The position will remain open until a suitable candidate would be identified. “Administrative Assistant,Addis Ababa” MUST BE included in the subject line of the application email to be considered. The CVs will be reviewed on rolling basis. The application must include:
a complete curriculum vitae
a letter of interest
an acknowledgement letter, answering the following questions:
Have you ever been criminally convicted or subject to any criminal or administrative penalty by any competent authority? If yes, please specify:
Have you ever been terminated or separated (e.g. contract termination, dismissal, non-renewal) or subject to any disciplinary measure or sanction by your employer for fraud, harassment, sexual harassment, sexual exploitation or sexual abuse?
Have you ever resigned while under investigation or during disciplinary proceedings?
Confirming the following declaration of understanding:
I confirm the accuracy of the information provided, with the understanding that Interpeace will conduct reference checks to verify relevant information.
I understand that if any false or misleading information is provided in my application, or any material fact suppressed, I may not be employed, of if I am employed, I may be dismissed.
Interpeace values diversity among its staff and aims to achieve gender equality both through gender parity at all levels of the organisation and the promotion of a gender dimension in all its work. We welcome applications from women and men, and those with disabilities.
Please note that due to high volume of applications, ONLY short-listed candidates will be contacted.
Norwegian Church Aid invites qualified and experienced applicants for the various positions. Norwegian Church Aid Ethiopia is invites job seekers for appointment.
Norwegian Church Aid works with people and organizations around the world in their struggle to eradicate poverty and injustice. We help those whose needs are greatest, regardless of ethnicity, creed, political or religious affiliation.
Together with our extensive international network and partner organizations in the ACT Alliance, we are able to reach millions of people each year and help make a positive difference around the world. We have 16 country offices globally and through our network NCA are present in more than 150 countries worldwide.
The interested applicants can apply before the closing date of application. For more information please read the full article.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Job Requirements
Position: Communications Intern
Required number: 1 (one)
Reporting to: Communications Advisor
Length of Internship: Three to six months based on fund availability
Education: Ideal candidate is a recent graduate (graduated within 2020/2021) in journalism, communications, public relations, marketing, digital filmmaking/videography, digital media, graphic design.
Technical skills: A skillset in video filming/production and/or camera work is required; Knowledge in layout and design, infographics is desirable; Knowledge of Adobe creative tools, such as Illustrator, InDesign, and Premiere Pro is an advantage; Interviewing skills is required.
Languages: Proficiency in Amharic and English is required. Knowledge or proficiency of other local languages is an advantage.
Excellent communication skills, including social media and multimedia skills, plus strong interpersonal skills. This role requires a dedicated and detail-oriented person who can manage multiple tasks with an openness to learning.
Undertaking field trips to NCA Ethiopia’s project areas as required.
Interviewing rightsholders, stakeholders, and documenting information.
Create and manage PowerPoint presentations
Assisting in communications admin such as in printing/publications processes, etc as appropriate.
Assist during event planning and coordination, as well as documentation of events.
General administrative and communications support as assigned.
Deadline: October 06, 2021
How to Apply?
N.B.:
Only short-listed female applicants will be contacted via telephone/email.
Multiple assessments will be undertaken to select the best intern.
NCA is an equal opportunity organization.
Interested applicants are required to send their application, updated CV via ethiopia.office@nca.no
IOM Ethiopia Jobs 2021: International Organization for Migration invites qualified and experienced applicants for the various positions. IOM Ethiopia is invites job seekers for appointment.
Established in 1951, IOM is the leading inter-governmental organization in the field of migration and works closely with governmental, intergovernmental and non-governmental partners. IOM is dedicated to promoting humane and orderly migration for the benefit of all. It does so by providing services and advice to governments and migrants.
IOM is implementing the EU-IOM Joint Initiative for Migrant Protection and Reintegration (also known as the Joint Initiative or JI) is funded by the European Union Trust Fund (EUTF). The program is implemented in the Horn of Africa, in four countries including Djibouti, Ethiopia, Somalia and Sudan.
The interested applicants can apply online through the official career page of IOM (International Organization for Migration) before the closing date of application. For more information please read the full article.
Quick Details about IOM
Hiring Organization: International Organization for Migration
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Recently the has published an employment notification in Addis Zemen regarding the currently vacant post on various posts. Therefore, interested Ethiopia Govt job seekers must apply before the closing date.
IOM Ethiopia Job Notifications 2021
The International Organization for Migration (IOM) wants to recruit employees in the following vacant positions the details of which are mentioned below.
Migrant Protection Intern
Educational Qualification BA degree (fresh graduate) in Social Sciences or related field of study is required.
High level of computer literacy is required particularly good knowledge of MS Office
Good communication skills, drive for results, flexibility, efficiency, respect for diversity
Ability to work effectively under stressful conditions and within a team of colleagues from varied cultures and professional backgrounds
Familiarity with the work of NGOs and/or International Organizations would be a plus.
Prior experience working for an international organization, particularly on migration issues, would be an asset, though not required.
Thorough knowledge of spoken and written English and a working knowledge of Amharic is required
Knowledge of additional local language is an advantage
Competencies
The incumbent is expected to demonstrate the following competencies:
Accountability – takes responsibility for action and manages constructive criticism
Client Orientation – works effectively well with client and stakeholders
Continuous Learning – promotes continuous learning for self and others
Communication – listens and communicates clearly, adapting delivery to the audience
Creativity and Initiative – actively seeks new ways of improving programmes or services
Leadership and Negotiation – develops effective partnerships with internal and external stakeholders;
Performance Management – identifies ways and implements actions to improve performance of self and others.
Planning and Organizing – plans work, anticipates risks, and sets goals within area of responsibility;
Professionalism – displays mastery of subject matter
Teamwork – contributes to a collegial team environment; incorporates gender related needs, perspectives, concerns and promotes equal gender participation.
Technological Awareness – displays awareness of relevant technological solutions;
Resource Mobilization – works with internal and external stakeholders to meet resource needs of IOM.
How to Apply?
Interested candidates are invited to submit their application/ motivation letter enclosed with only detail CV written in English via our e-mail address RECADDIS@IOM.INT,
by 14 October 2021 at the latest, referring the position title and Vacancy number in the subject line of your email; no photocopies of educational/training certificates is required at this stage; applicant who doesn`t follow the required application procedure will automatically be disqualified from the competition.
Self Help Africa (SHA) invites qualified and experienced applicants for the various positions. Self Help Africa-Ethiopia(SHA) is invites job seekers for appointment.
Self Help Africa (SHA) is an international NGO, dedicated to the vision of an economically thriving and resilient rural Africa. SHA focuses on agriculture and agribusiness as the engine of growth in Africa. Our approach is collaborative and market-based: although we see our primary clients as smallholder farmers in Africa, we work with all participants in the agricultural value chain.
The interested applicants can apply online through the official career page of before the closing date of application. For more information please read the full article.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Self Help Africa (SHA) wants to recruit employees in the following vacant positions the details of which are mentioned below.
1: Value Chains & Market Coordinator
duty station for the post is in Addis Ababa
Master’s degree in Agricultural Economics, Economics, Agricultural Extension, Agri-business, Agriculture, Development studies or related areas
Please download the Application Form and fill it in. Then upload this along with your CV and a motivational letter HERE. (Clicking the link will bring you to the recruitment page)
Please note incomplete applications will not be considered for shortlisting.
Nordic Medical Center invites qualified and experienced applicants for the various positions. Nordic Medical Center Ethiopia is invites job seekers for appointment.
The Nordic Medical Centre is a specialized medical centre of internal medicine and surgery aiming to deliver high quality medical services with a focus on emergency and family medicine. Addis Ababa, Ethiopia is recognized as the “Capital of Africa”, hosting the African Union, the United Nations Economic Commission for Africa’s headquarter, a large number of embassies and, consequently, many international organizations and corporations.
Due to its international position, there is a strong demand for top medical services, as there are few alternatives – enter the Nordic Medical Centre. The NMC builds on existing activities, strong networks, new facilities as well as international and local knowledge to establish a sustainable state-of-the-art medical centre in Addis Ababa.
The ultimate goal for the NMC is to be self-sustaining, while raising the bar in emergency medical services. The profit generated from its activity is used to provide medical charity services for the less privileged as well as funding higher medical education within Ethiopia.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.comWe hope that ethioworks.com will help you find your dream job quickly and easily.
Nordic Medical Centerwants to recruit employees in the following vacant positions the details of which are mentioned below.
1: Customer Service Representative – Cashier Point
Bachelor’s Degree in Accounting or other related fields
Ability and willingness to work in a flexible manner – out of hours as required
Good communicative English
Computer Literacy including use of ICT packages Word and Excel,
Strong interpersonal skills with an approachable personality
Detail-oriented to ensure accuracy and quality across all tasks
Demonstrate the highest level of ethics and ability to maintain confidentiality at all times with all situations and documentation
Knowledge of database systems and processes
Ability to work under pressure to agreed deadlines and adapt to change
Jijiga University Vacancy 2021: Jijiga University invites qualified and experienced applicants for the various positions. JJu Ethiopia is invites job seekers for appointment. It’s a great opportunity to work under them.
Jijiga Universityis one of the public higher institutions that was founded in March 2007, along with the Second-Generation universities in Ethiopia. It is located in the emerging town of Jigjiga the capital city of Ethiopian Somali regional state, 635 kilometers away from Addis Ababa. The University officially started its service with 712 students, 66 and 99 administrative in three faculties in 2007.
In the recent years, the intake capacity is increasing from year to year. So currently, it has a total of 21,554 students studying in 57 various academic programs and 627 post-graduate students pursuing in six academic programs. These programs are operating under eight Colleges, three Schools and an Institute.
The interested applicants can apply before the closing date of application. For more information please read the full article.
Stay in Touch & Follow us on our Social Media Platforms to Get Latest Updates for Latest Opportunities. Facebook Page
The interested applicants can apply before the closing date of application. For more information please read the full article.
NB: Whenever you are looking for job in Ethiopia, just remember www.ethioworks.com We hope that ethioworks.com will help you find your dream job quickly and easily.
Jigjiga University Job Notifications 2021
The Jigjiga University wants to recruit employees in the following vacant positions the details of which are mentioned below.
Interested and eligible candidates are requested to submit their detailed CV, original and copies of the relevant documents to Jigjiga University office of Human resource management.
Application is only acceptable within 10 working days from the day of announcement.
Banking is one of the fastest growing sectors in # Ethiopia with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.
2: What is the difference between Cheque and Demand Draft?
Cheque: Cheuqe is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank. Demand Draft: A demand draft is an instrument used for effecting transfer of money. It is a negotiable instrument.
3: What is a Non-Banking Financial Company (NBFC)?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/ debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/ construction of immovable property. A non- banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).
4. NBFCs are doing functions similar to banks.
What is difference between banks & NBFCs ? NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:
NBFC cannot accept demand deposits;
NBFCs do not form part of the payment and
settlement system and cannot issue cheques drawn on itself;
deposit insurance facility of
Deposit Insurance and Credit Guarantee
Corporation is not available to depositors of NBFCs, unlike in case of banks.
5 . What is Private Banking?
Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees.
The term “private” refers to the customer service being rendered on a more personal basis.
6. What is BSBDA?
Under the guidelines issued on August 10, 2012 by RBI: Any individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA guidelines are applicable to “all scheduled commercial banks in India, including foreign banks having branches in India”.
All the accounts opened earlier as ‘no-frills’ account should be renamed as BSBDA. Banks are required to convert the existing ‘no-frills’ accounts’ into ‘Basic Savings Bank Deposit Accounts’. The ‘Basic Savings Bank Deposit Account’ should be considered as a normal banking service available to all customers, through branches . The aim of introducing ‘Basic Savings Bank Deposit Account’ is very much part of the efforts of RBI for furthering Financial Inclusion objectives.
7. What is BPS (Basis Points)?
BPS (Basis point) : – BPS is an acronym for basic points is used to indicate changes in rate of interest and other financial instrument. 1 BASIC POINT IS EQUAL TO 0.01% So when we say that repo rate has been increased by 25 bps, it means that the rate has been increased by 0.25%
8. What is KYC?
The Reserve Bank of India (RBI) has advised banks to follow ‘KYC guidelines’, wherein certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers. This is also in the interest of customers to safeguardntheir hard earned money. The KYC guidelines of RBI mandate banks to collect three proofs from their customers. They are-
Photograph
Proof of identity
Proof of address
9. What is Sub-prime crisis?
The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having low credit rating.
10. What is Base Rate?
It is the minimum rate of interest that a bank is allowed to charge from its customers. Unless mandated by the government, RBI rule stipulates that no bank can offer loans at a rate lower than BR to any of its customers. It is effective from, July 1, 2010. However, all existing loans, including home loans and car loans, will continue to be at the current rate. Only the new loans taken on or after July 1 and old loans being renewed after this date will be linked to BR.
11. What is SWIFT?
SWIFT :- Society for worldwide Interbank financial tele- communication. India was 74th Nation to join SWIFT Network. SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks. A majority of FOREX related message are sent to correspondent banks abroad through SWIFT. SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred to primary office
bank code
country code
location code
branch code (optional).
12. What is Swabhimaan Yojana?
Swabhimaan is a financial inclusion plan of bank to take banking to the door steps of the remote village where banking facility are not available.
13. What is NOSTRO and VOSTRO account?
NOSTRO Account: A NOSTRO account is maintained by an Indian bank in the foreign countries.
VOSTRO Account: a vostro a/c is maintained by a foreign bank in India with their corresponding bank.
14. What is a DeMat Account?
DeMat is nothing but a dematerialized account. If one has to save money or make cheque payments, then he/she needs to open a bank account. Similarly, one needs to open a DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a bank account wherein the actual money is being replaced by shares. In order to open a DeMat account, one needs to approach the Depository Participants [DPs]. In India, a DeMat account is a type of banking account that dematerializes paper-based physical stock shares. The DeMat account is used to avoid holding of physical shares: the shares are bought as well as sold through a stock broker. In this case, the advantage is that one does not need any physical evidence for possessing these shares. All the things are taken care of by the DPs.
This account is very popular in India. Physically only 500 shares can be traded as per the provision given by SEBI. From April 2006, it has become mandatory for any person holding a DeMat account to possess a Permanent Account Number (PAN).
15. What is RuPay Card?
RuPay is the Indian domestic card payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India. The RuPay project had been conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India (RBI). RuPay LogoNational Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc. The initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all more specifically – Regional Rural Banks (RRBs) and urban co-operative banks. All Public Sector Undertakings (PSU) banks set to join RuPay system by the end of year 2012. RuPay-based debit cards can be used by the consumers on the Internet from September, 2012. The government of India had launched India’s first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc.
16. What is foreign exchange reservers?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.
17. What is Bancassurance ?
Bancassurance stands for distribution of financial products particularly the insurance policies (both the life and non-life), also called referral business, by banks as corporate agents, through their branches located in different parts of the country.
18. What is Money Laundering ?
Money laundering is the processes of concealing the source of obtain money. Money or funds obtained through illegal activities are presented as legitimate.
19. What is the difference between Nationalized
bank and Private Bank ? A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. Where as a private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
20. What are non-perfoming assets?
A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Also known as “non-performing loan”.
21. What is the Functions of RBI?
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.” Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks.
21. What is monetary policy?
A Monetary policy is the process by which the government, central bank, of a country controls
the supply of money,
availability of money, and
cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
22. What is SEZ?
SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.
23. What is SIDBI?
The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
24. What is TREASURY BILLS (TB)?
Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically government of India issued three types of T-bills through auctions, namely 91 days, 182days,and 364 days. There are no treasury bills issued by state government. Minimum amount of T –Bills is Rs. 2500and in multiple of RS. 2500.T-bills are issued at a discount and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS AND MEANS ADVANCES .
25. What is COMMERCIAL PAPER (CP)?
commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory “Base Lending Rate” to refer to their Prime Lending Rate.
37. what is Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
38. What is SLR Rate?
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.
39. What is Deposit Rate?
Interest Rates paid by a depository institution on the cash on deposit.
40. What is Fiscal Policy?
Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.
41. What is the Banking Ombudsman Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI
with effect from 1995.
42. Which are the banks covered under the Banking Ombudsman Scheme, 2006?
All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.
43. What is Inflation?
Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.
44. What is Deflation?
Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.
45. What is FII?
FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII’s generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.
46. What is FDI?
FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in a Indian Company.
47. What is IPO?
IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.
48. What is GDP?
The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.
49. What is GNP?
Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.
50. What is Revenue deficit?
It defines that, where the net amount taxes & other forms) fails to meet the predicted net amount to be received by the government.
51. What is Disinvestment?
The Selling of the government stake in public sector undertakings.
52. What is Fiscal Deficit?
It is the difference between the government’s total receipts (excluding borrowings) and total expenditure.
53. What is National Income?
National Income is the money value of all goods and services produced in a Country during the year.
54. What is bank and its features and types?
A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.
55. What are Mutual funds?
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually. A company that invests its clients’ pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.
56. What is Cheque?
Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor’s name with that Bank.A bill of exchange drawn on a specified banker and payable on demand.“Written order directing a bank to pay money”.
57. What is demand Draft?
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker’s check. A check may be dishonored for lack of funds a DD can not. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.
58. What is NABARD?
NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
59. What is SENSEX and NIFTY?
SENSEX is the short term for the words “Sensitive Index” and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an “index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of then stocks have gone down.
60. What is SEBI?
SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave.
