Full Form of IBPS: All about IBPS Exams and Functions

IBPS stands for Institute of Banking Personal Selections. It is an autonomous body responsible for providing assistance to organisations in various aspects. These aspects includes selection, placement & recruitment processes for organisations by designing and developing the sufficient assessment tools and conducting examinations as well as evaluating the aspirant’s responses. All these activities are performed by IBPS on the request of the respective organisations. 

The Institute of Banking Personal Selections (IBPS) was registered under the Societies Registration Act, 1860 and also registered under the Bombay Public Trust Act, 1950 as a Public Trust. 

Vision of IBPS: 

The IBPS has a vision of evolving and implementing the exceptional and reliable processes and framework for the assessment or selection of personnel by following the fair practices. The above activity is done for various client organisations. It also aims to conduct relevant support research and to publicise the findings. 

Functions of Institute of Banking Personal Selections (IBPS): 

The Institute of Banking Personal Selections (IBPS) undertake various activities of recruitment, promotion, assessment centre etc. The contribution of IBPS in these areas is as follows:

1. Recruitment: The IBPS plays a very major role in the recruitments of Oficers, Clerical and Specialist Officers cadre. All these recruitment examination projects involves lakhs of candidates every year. It conducts examinations for various organisations like Public Sector Banks, Regional Rural Banks, Cooperative banks, Private Banks etc. These recruitment examinations includes Common Recruitment Process (CRP) PO/MT, CRP Clerical, CRP RRBs.

2. Promotion: The IBPS is also contributing to the entire banking industry by providing valuable services in terms of promotion and placement programmes at different levels.

3. Apart from the above two services, IBPS also undertakes admission test projects for various universities and institutes; assesses competencies and skills of the participants for many purposes like recruitments or for promotions or placements; assessment of group dynamics related personality traits and projects where only applications are registered.

Overall, IBPS bestows its services to all Reserve Bank of India, National Bank for Agriculture and Rural Development, Public Sector Banks, State Bank of India & its associates, few Co-operative banks, Small Industries Development Bank of India, LIC & insurance companies which are regular members of the IBPS society.

As per the official website of IBPS, 1.01 crore candidates applied for different examinations like CRP PO/MT, CRP Clerical, CRP RRBs and various other examinations conducted by the Institute of Banking Personal Selections (IBPS) during the year 2018-19. As a result, IBPS has recieved the recognition of being a major “Personnel Selection Test Conducting Agency”.

What Is The Full Form Of OCR

OCR Full Form - Optical Character Recognition

OCR stands for optical character recognition. It is also known as an optical character reader (OCR) or text recognition. It is designed to convert scanned paper documents, or images of documents captured by a digital camera into readable, editable and searchable data.

The scanned page of a physical document can be displayed on the screen and can be read, but for the computer, it is just a series of black and white dots, which it cannot recognise. To enable the computer to read a scanned document and produce a soft copy, OCR was developed. OCR examines the text of a scanned document and translates the characters into code that makes the text machine-readable so that it can be transformed into an electronic format or soft copy just like a document created with a word processor which users can edit, format, search and read. 

Thus, it helps computer recognize words and characters on a scanned page or digital images of physical printed or handwritten documents by using the optical properties of words and characters printed on a scanned page or document.

An OCR device is made up of hardware and software combination, designed to convert physical documents into machine-readable text. Hardware of OCR (optical scanner or a circuit board) copies and reads the text, whereas the software deals with the advanced processing. The software can also make use of artificial intelligence to use advanced methods of intelligent character recognition (ICR), like the ability to identify language or style of handwriting.