statistics branches include: Which engineering branch is best for future?


Many innovative products are developed using the technology platform to offer an array of choices to customers, adding speed and convenience to transactions. Technology has also enabled the Bank to derive substantial cost reduction while creating the requisite capacity to handle the ever increasing volume of business. They are used in hierarchical models, posterior samplers and models for complex data types like images and functions. Physicists often involve projects that need programming as well as metadata.

What are the 6 types of statistics?

  • Quantitative data. Quantitative data seems to be the easiest to explain.
  • Qualitative data. Qualitative data can't be expressed as a number and can't be measured.
  • Nominal data.
  • Ordinal data.
  • Discrete data.
  • Continuous data.

Margin, which are not free deposits, must be treated as “Other liabilities”. 61 Bulk Deposit Rupee term deposits of Rs. 1 Crore and above , on which banks are permitted to offer differential rates of interest. 62 Floating Rate Deposits A deposit whose interest rate is periodically adjusted upwards or downwards on the basis of a clearly linked benchmark interest rateor an index.

Indians’ funds in Swiss banks jump 50% to over Rs 30,000 crore; customer deposits up too

There is neither staff nor time for maintenance of Crime Records manually. Harnessing and exchange of Information on Criminal operating in neighbouring Police Stations, Districts and State has become next to impossible. The need was felt to do away this manual maintenance of records and manual sharing of information on the Crime & Criminal of Inter-District and Inter-State nature.

This module describes inferential statistics in a qualitative way. Statistics has a significant part in the field of data science. It helps us in the collection, analysis and representation of data either by visualisation or by numbers into a general understandable format.

Until Mid-July, 2022, Commercial Banks have the highest number of branches (among A,B & C class institutions) of 5,009 while development banks and finance have 1,118 and 267 branches respectively. Similarly, microfinance institutions have 5,134 total branches. On the technology front the Bank has taken various pioneering initiatives and has the distinction of 1st Public sector Bank to complete 100% computerization of its branches. We have a dedicated team of fully equipped professionals to manage more than 100 in-house applications.

Uses of Statistics

For example, in the present business environment, many ideas, or businesses are there that get failed due to some events’ happening, in that condition, the causal analysis identifies the root cause of failures, or simply the basic reason why something could happen. In general, causal analysis assists in understanding and determining the reasons behind “why” things occur, or why things are as such, as they appear. Several techniques, implemented under prescriptive analysis are simulation, graph analysis, algorithms, complex event processing, machine learning, recommendation engine, business rules, etc. This is the first step of statistical Analysis where we collect the Data using different methods depending upon the case.

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This branch of research uses statistics to solve problems in industry, society, and science. Life sciences, economics, data science, risk management, and marketing management are only a few areas where statistical designs and tests can be used to solve problems. However, the bills discounted under LC favouring a borrower may not be classified as a Non-performing assets , when any other facility granted to the borrower is classified as NPA. Statistics is the collection of methods and techniques to analyse numerical data or non-numerical data, which can be converted into numerical form without loss of interpretation. It is used in diverse fields like economics, biology, psychology, business management etc.

Reference book solutions

The highest component of CHF 2,002 million was ‘other amounts due to customers’ in form of bonds, securities and various other financial instruments. Besides, the money held in Indian customers’ savings or deposit accounts rose to a seven-year high of about Rs 4,800 crore, reversing a two-year declining trend. The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs at the end of 2020, marks the second consecutive year of increase. The government, in the budget unveiled in February, increased its capex, excluding grants to states for capital spending, to ₹10 lakh crore for FY24 from the ₹7.5 lakh crore target set for the ongoing fiscal year.


The skills that help the respective professionals earn well in the mechanical engineering branch include Engineering Design, Project Management, Solid Works, Microsoft Office, and Computer-Aided Design , to name a few. When a young male or female completes his/her secondary education, he/she gets many questions in his mind, including one of the most important ones – What is next? Therefore, it is important to address this query in the best possible manner to make the best decisions towards taking result-oriented efforts that lead to a fulfilling career ahead. If you have planned to take up engineering, you must first find out the best engineering branch that will align with your professional goals and long-term planning. Therefore, it is important to keep in mind that a particular engineering branch might suit best for a particular student, but on the other hand, it will not prove to be useful for another student in the long term. However, overdraft accounts (i.e. negative balances in deposits accounts) should be excluded and be treated as credit/ loans.

Career Scope After Pursuing M.Sc. Mathematical Statistics

It covers the design of biological experiments in medicine, pharmacy, agriculture, veterinary and fishery; the collection, summarization, and analysis of data from those experiments; and the interpretation of, and inference from the results. A major branch is medical biostatistics, the branch of statistics that deals with data relating to living organisms. The inferential statistics toolbox available to scientists is quite large and contains many different methods for analyzing and interpreting data. As an introduction to the topic, we will give a brief overview of some of the more common methods of statistical inference used by scientists. Many of these methods involve using smaller subsets of data to make inferences about larger populations. Therefore, we will also discuss ways in which scientists can mitigate systematic errors by selecting subsamples (often simply referred to as “samples”) that are representative of the larger population.

  • A hypothesis is defined as “a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.” It must be stated in advance, have clear inclusion and exclusion parameters.
  • Statistics has a significant part in the field of data science.
  • By using a statistical test that compares the shapes of the distributions of the taste-testers’ responses, you can determine whether or not the results are significantly different and thus whether one tomato harvest actually tastes sweeter than the other.
  • To function as a clearing house of information on crime and criminals including those operating at National and International levels so as to assists the investigators, and others in linking crimes to their perpetrators.
  • 42 Net Worth The excess of the book value of assets of a bank over its liabilities.

The Crime and Criminal Tracking Network & Systems is a plan scheme conceived in the light of experience of an earlier scheme namely – Common Integrated Police Application . To function as a clearing house of information on crime and criminals including those operating at National and International levels so as to assists the investigators, and others in linking crimes to their perpetrators. The study group was set up to make recommendations for appropriate strategies and modalities of computerizations of crime records keeping in view the latest technological developments in the field of Electronic Data Processing and telecommunications. This Commission, for the first time, introduced standard police forms and registers for information documentation at the level of Police Station and District which were uniformly adopted throughout the country.

Exam Pattern includes the marking scheme and, most importantly, how many questions there are in the particular section. You can get a job in fields like Census, Ecology, Medical, Election, Crime, Education, etc. The expected salary of a statistician is INR 2.5 to 3.5 Lakh per year and $70 k in Abroad. You can make your career with organizations like TCS, Genpact, Neilson, Deloitte Consulting, Indian Market Research Bureau, etc.


All other payments like statistics branches includeest on participation certificates, penal interest paid, etc. also form part of interest expenses. 104 Write-off Write-off, complete or partial, is the reduction in the gross carrying amount of an asset, when the entity has no reasonable expectations of recovering the asset in its entirety or a portion thereof. 105 Net interest income The difference between the interest income and the interest expenses.

Branchless Banking Centers And Customers

The table below shows the presence of commercial banks at the local level [ As of Mid-July 2022]. Union Bank of India is engaged in social and economic development at the national level. The Bank works closely with Union Bank Social Foundation Trust across diverse sectors and programs of social welfare. Masked language modelling is one of such interesting applications of natural language processing.

Which are the three 3 main varieties of statistical tests?

The most common types of parametric test include regression tests, comparison tests, and correlation tests.

Exploratory data analysis, or EDA as it is known, is a counterpart of inferential statistics, and greatly implemented by data experts. It is generally the first step of the data analysis process that is conducted prior to any other statistical analysis techniques. From all necessary preparatory steps to concluding analysis and interpretation, descriptive statistical analysis involves various processes such as tabulation, a measure of central tendency , a measure of dispersion or variance , skewness measurements and time-series analysis. B.Sc Statistics syllabus includes such as statistical methods, applied statistics, survey sampling. Algebra, calculus, number theory, probability theory, game theory, data collection and sampling methods, and statistical modeling are some of the subjects in B.Sc Statistics. If you are looking for one particular answer, you need to understand that no engineering branch will be suitable for all students.


The main aim of inferential statistics is to draw some conclusions from the sample and generalise them for the population data. E.g. we have to find the average salary of a data analyst across India. Descriptive statistics is used to describe the features of some known dataset whereas inferential statistics analyzes a sample in order to draw conclusions regarding the population.

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The table below shows the branches of BFIs in the different provinces . Behind all these achievements is a dedicated team of staff, which is truly cosmopolitan in its composition. Many generations of members of staff have contributed in building up the strong edifice of the Bank. The present team of over 75000+ members of staff distinguishes itself with its customer centricity, willingness to learn and adherence to values enabling us to be recognized as a caring organization where people enjoy their work and relationship with customers. In the post reforms era Bank doubled itself in business from 1993 to 1996. The registered as well as corporate headquarters of Union Bank of India is in the prestigious Nariman Point area of Mumbai, the commercial capital of India.