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Union Bank Of India Assistant Manager (Forex) Scale I Recruitment 2024-2025

Published on Monday, February 05, 2024
Union Bank of India has invites application from experienced professionals for the post of Assistant  Manager (Forex) Scale I. Today we are providing a syllabus and exam pattern for the exam.

Important Dates



Commencement date of on-line application

3rd February 2024

Last Date of the online application

23rd February 2024

Date of Online Examination


Number of Vacancies

Post / s

Minimum Age

Maximum Age (as on 01.02.2024) 

Total Vacancies

Assistant Manager (Forex) Scale I




Relaxation in Age Limit


Age Relaxation

Scheduled Caste/ scheduled Tribe Candidates

By 5 years

Other Backward classes (OBC) Candidates (Non-Creamy layer)

By 3 years

Persons with Benchmark Disability (PwBD) –

  • Visually Impairment (VI) - Blindness and Low Vision;
  • Hearing Impaired (HI) - Deaf and Hard of Hearing;
  • Orthopedically Challenged (OC) - Locomotor Disability (One Arm - OA, One Leg -OL, Both Legs -BL, One Arm & One Leg -OAL), Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims and Muscular Dystrophy;
  • Intellectual Disability (ID) - Intellectual Disability (Autism Spectrum Disorder, Specific Learning Disability and Mental Illness) & Multiple Disability;
  • Multiple Disabilities means disability amongst clauses (a) to (d) including deaf-blindness in the posts identified for each disability.

By 10 years

Ex-Servicemen, Commissioned Officers, including Emergency Commissioned Officers (ECOs/Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (Including those whose assignment is due to be completed within one year from the date of notification) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment.

By 5 years

Persons affected by 1984 riots

 By 5 years

Qualification (As on 23.02.2024)



Assistant Manager (Forex) Scale I 

Graduate in any discipline from a University/Institution recognized by Govt. of India/approved by Govt. Regulatory bodies with a minimum of 60% marks in aggregate. (Minimum 55% for SC/ST/OBC/PwBD candidates)


Full time regular MBA/PGDBA/PGDBM/PGPM/PGDM with Specialization in Finance / International Business/Trade Finance from a University/ Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies with minimum 60% marks in aggregate and should be of minimum 2 years. (Minimum 55% for SC/ST/OBC/PwBD candidates)

Certificate Course in Forex conducted by IIBF along with above mention qualification will be preferred and any other course in foreign exchange from any recognizedinstitution will also be given preference.

Experience (As on 23.02.2024)

Assistant Manager (Forex) Scale I 


Probation Period 


Probation Period

Scale I

2 years

Service Indemnity Bond

The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years or to pay the Bank a sum of Rs.2,50,000.00 (Rs. Two Lakh Fifty Thousand Only) plus applicable taxes as per Government rules in case he / she leaves the Bank before completion of 3 years of active service.

Selection Procedure

The selection process may comprise of Online Examination / Group Discussion (if conducted)/Screening of applications and / or Personal Interview depending on the numbers of applicants/eligible candidates. The Bank reserves the absolute right to decide as to whether to use all or any of these modes for selection for the notified posts.

Name of section

No. of questions

Time allotted 

Quantitative Aptitude


120 Minutes



Professional knowledge


English Language




The test will be available bilingually, i.e. English and Hindi.

Note: There will be a penalty for wrong answers marked in the online examination. For each question for which a wrong answer has been given by the candidate, one fourth or 25% of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the applicant; there will be no penal mark for that question.


Quantitative Aptitude

  • Data Interpretation
  • Data Sufficiency
  • Number Series
  • Time and Work
  • Time and Distance
  • Approximation
  • Simple and Compound Interest
  • Ratio and Proportion
  • Averages
  • Mixture and Allegation
  • Pipes and Cisterns
  • Problems based on trains
  • Percentages
  • Partnership
  • Profit, Loss and Discount
  • Elements of Algebra
  • Quadratic Equations

Reasoning Ability

  • Puzzles
  • Seating Arrangements
  • Coding & Decoding
  • Syllogism
  • Machine Input Output
  • Direction Sense Test
  • Blood Relations
  • Problems based on Ages
  • Rankings
  • Data Sufficiency
  • Statement and Conclusions
  • Statement and Assumptions
  • Statement and Arguments

English Language

  • Reading Comprehensions
  • Para Jumbles
  • Vocabulary
  • Error Spotting
  • Cloze test

FOREX Professional Knowledge

Module A

Foreign Exchange Markets
  • Different Kinds of Inter‐Bank Forex Markets
  • Nature of Transactions
  • Cross Border Currency Flows
  • Liberalization of Exchange Control
  • Role of Banks in Forex Market
  • Export finance

Module B

Forex Concepts
  • Exchange Rate Quotes
  • Factors affecting Exchange Rates
  • Exchange Rate Mechanism
  • Spot and Cross and Forward Rates
  • Premium and Discount
  • Forward Contracts–Booking, Extension, Cancellation

Module C

International Treasury 
  • Market Participants
  • Various Forex Treasury Products
  • Volatility of Major Currencies
  • Currency Trading

Module D

  • FEDAI Rules
  • FEMA Regulations for Import / Export Transactions ‐
  • Current A/c Rules –Capital Account Transactions.
  • FDI / FPI Guidelines in India and impact of Inflows &
  • Outflows on Forex Treasury.
  • GDRs / ADRs, Tandoori Bonds, Pass Through Certificates.
  • Loan Syndications and FRN
  • Interest Rates and Volumes
  • Tax Implications

Module E

Derivative Markets
  • Futures, Options and Swaps
  • Price Calculation of Various Instruments
  • Swaps ‐ Outright Deals, Dealer Operations
  • Trends in Futures Market
  • Short Term Interest Rate Futures

Module F

RBI circulars and related laws
  • RBI circulars (2 year)
  • Impact of Recent Global Crises – Role of IMF, FEDAI/WORLD BANK/NEW DEVELOPMENT BANK/AIIB BANK.
  • Contract act 1872
  • Banking regulation 1949
  • RBI act 1934
  • Negotiable instruments act 1881
  • Companies act
  • Payment and settlement act 2007
  • Government sponsored schemes

Module G

Financial management
  • Indian Financial System
  • Regulatory bodies in India
  • Money market and Capital market instruments
  • Time value of money
  • Basics of derivatives
  • Leverages
  • Capital budgeting

Module H

Management of Impaired assets
  • Documentation
  • IRAC norms
  • Types of charges
  • Management of impaired assets
  • IBC 2016

Module I

Analysis of Financial Statements
  • Basics of Financial statements
  • Ratio analysis
  • Cash flow statement
  • Fund flow statement
  • Project appraisal
  • Working capital management
  • CAPM

Union Bank of India Assistant Manager (Forex) Scale I Course by Team BankExamsToday

Team BankExamsToday is offering is a full-fledged, comprehensive and systematic course for the preparation of Union Bank of India Assistant Manager (Forex) Scale 1 exams.
Course features
  • Daily video classes
  • Study Material
  • Live sessions
  • Unit tests
  • Special attention to Professional knowledge section from Day 1
  • 5 full-length mock tests 
  • Interview preparation guide
Call/WhatsApp - 9067201000
 Union Bank of India Assistant Manager (Forex) Scale I Course

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