Knowledge portal for Civil Services Aspirants

Top Bank SSC Coaching in Vaishali Nagar Jaipur Rajasthan

2015-03-13T01:59:00.000-07:00

NEXTEP ACEDEMY PRIVATe LIMITEDA premier coaching class centrally located at Vaishali Nagar, Jaipur

Bank/SSC/RAS

II

In Association with

Khandelwal Vaish Girls

institute of technology

A prestigious “Girls college” managed by Shri Khandelwal Vaishya Education Trust

Course offered

Announces coaching classes for Competitive Examinations

SSC

IAS

Other Exams

Bank

RAS

Railway

Hurry Up !!!!!

New Batches will commence from 22^nd April, 2015

Free Seminars

10^th, 13^th & 21^st April, 2015 at 11 A.M.

Venue

KVGIT, Vaishali Nagar

Address -KVGIT-Vaishali Marg, Near Vaishali Nagar Police Station, Jaipur, Rajasthan

For Any Query & Registration

0141- 4022502, 9772015222, 9829102956

Website: www.kvgit.org

Email: kvgitjaipur@gmail.com

WEBSITE: - www.nextep .co

Best Strategy for Success in Bank PO Success Exam

2013-08-02T03:55:00.000-07:00

Banking sector in recent times have appeared to be very lucrative job . It's the desire of many aspirants to crack this exam and avail the post's befits to fullest. But before one can enjoy the fruit of success, he have to reap and explore his wisdom of knowledge. Bank po exam educational requisite is graduate and exam paper is not that tough. But yet some fail to compete. The previous results have proved its not tea of everyone's cup. The success resolves around speed and accuracy. An average student can easily do well with these exam if prepare the exam in strategic manner. And when we talk about strategic preparation quantitative aptitude plays a vital role. No one can crack the bank po exam without doing well in this section. It is the master of all when it appears to test an individual's speed and accuracy. So here are the few major tips to prepare mathematics paper for bank po exam.

Start with basics

Starting with basics is the magical idea to remove all the obstacle in the path of math’s preparations. This will help to clear all the fundamentals which consequently provide accuracy and speed. The so called fear for math can be curbed easily the moment you start playing with numbers. Exhaustive practice of all basic math should be done to have super fast calculation. 60% of the bank po syllabus is calculation and rest 40% is only understanding. So mastering calculation have no escapism and one must start with it if they lack those super fast calculation. Basic include fast addition, multiplication, division, table upto 30, cube root and square root.

Try to learn Vedic mathematics

Once you done with basic math one must try to learn Vedic mathematics. Vedic mathematics helps to provide speed and accuracy. After learning all the traditional way of calculation the very next step is adding Vedic mathematics tricks into practice. Its most desirable as it help individual to solve more questions in less time and finally increasing overall success in exam. Besides this now bank po exams have turned online so adapting the idea of think without ink can make examination experience more fruitful and result fetching.

Targeting syllabus more precisely

Studying blindly can never provide you result even if you work hard. Sometimes all effort goes in vain due to lack of planning and strategies. So before moving ahead one must decide what their ultimate goal –is it just bank po exam or a combined preparation of all competitive exam. This decision plays very crucial role as it determines the success. If targeting only bank po exam see what is in the syllabus. Rely on previous papers to trace what is more important. Syllabus of quantitative aptitude is almost same for all but weight age of marks may vary. And if you know the pattern well you can target good score. This will help to prepare you well and help to crack the exam in few month’s preparation even if you are known to be not so good student in math’s in your school days.

Emphasize on understanding

Many a times student rely more on formulas and even follow ways of solving for particular types of question. This is the most devastating step which mitigate even the hard work. The difficulty level and the type of question is not regular as appeared from last few exams. Twisted questions are more in than simple traditional one. So one must make concept of every chapter very clear and rely much on understanding rather than just keep on bugging every formula and way to solve. Each and every question must be understand well then solved. This approach will help to solve even the difficult question while giving exam.

Practice more and more

It is very old saying practice makes the man perfect, same is applied here to experience the moment you really start enjoying mathematics is when you practice more and more. Only regular and continuous practice is solution to growing demand of speed and accuracy in banking exam. If you have perfect schedule which cover the revision along with carrying new chapters concepts you will surely able to manage the math paper well.

Keep in mind nature of exam

Before preparing and even while preparing the math paper for bank Po exam always remember its nature and patter of exam. Bank po exam math’s paper is not subjective in nature rather its objective one. Unlike SSC exam pattern in bank Po exam one have to chose 1 answer out of four i.e. multiple choice question. So one must avoid lengthy and time consuming steps to solve question as one have to do for SSC. Tricks should be applied and even ways must be known to deduct answer from given answer applicable to few question of number system. So this step plays vital role as it help you attempt more in less time.

Way of attempting in exam

Way of attempting questions in exam decides the fate of success. This unique way of attempting involve escapism of few lengthy or time consuming questions. You have to decide quick and apply that even if you know to solve this question which may take longer time and in that period of time you can easily attempt three easy question or less time consuming question. Then the smart decision says apply to escape. This idea is applicable to all sections of bank po exam. But this is also true only by practicing and mastering well one can know which is time consuming and which is good attempt. So whole mantra to do well with math paper is clearing basics along with understanding and practice.

Conclusion

So these were the few simple but most effective way to deal with math’s paper. If one follows these steps seriously the success is not far away. And as we all know mathematics is a scoring paper so once any student have command over it he can perform pretty well in bank Po exam and can easily achieve their dream job. So keep the goal high and enjoy preparing all competitive exam with confidence to crack it and not just keep on working blindly just in hope to have some miracle happen.Having good job is all about smart and strategic preparation.

Right Approach for Banking Exams

2012-10-19T08:37:00.000-07:00

What should be the right approach for competitive examinations such as Bank PO & Clerical?

How to prepare for Bank Probationary Officer Exam?

How to prepare for Bank Clerical Exam?

for an aspirant who is willing to get success in bank exams right approach and attitude is very important. Over the years we have experienced that if one has the right approach towards one’s goals half the battle has already won. Most of the members of our team are senior bankers & trainers for bank exams and have qualified numerous bank exams earlier in their career. However one thing which we all felt that we had taken a lot of time to adopt the right approach as there was nobody to guide us in proper manner. Fortunately, we ended up getting selected as Probationary Officer in banks but many of our friends were not that fortunate, they kept on preparing for bank exams for years but they never got success as they were not making efforts in the right direction. Even we were very late to understood what should be the right strategy to clear bank exams but once we understood, it was a cakewalk for us and we can say that 100% selection is assured in Bank PO & Clerical exams if we can work on some basic but crucial issues. In this website we will guide the aspirants not only about the right approach to tackle these exams but we will guide aspirants about the best available study material in the market.

Understanding the nature of examinations: At the outset, you should realize that competitive examinations are radically different from the school / college examinations which aim at measuring the knowledge or skills of the candidates with reference to certain fixed standards, and awarding those marks, pass, class, distinction and so on. But here in competitive examinations if the candidates do not come up to a particular level of competence, they will not get success. In bank exams it is very important for you to fair well in all the sections of the exams as it is imperative to get minimum qualifying marks in each section.

Preparation and Planning: It will enable you to take right decisions, without fear and shall remove the apprehension and state of uncertainty. Never get scared of the crowd pouring at the examination centers. Just believe in yourself, have confidence and understand that there are very few aspirants who are really well prepared for the exams and your competition is among those few only. To help you prepare in the best possible manner we will also provide you study material frequently. There is lots of stuff available in the market on bank exams but we will guide you how to select the best books/material otherwise all your studies will go in vain.

Importance of time management in bank exams: Bank exams are not only a test of knowledge but also of time management. Even the best candidates may not be able to answer all the questions correctly in the allotted time; nor is it necessary. A candidate need not bring forth the answer from his memory; but he has to use his power of discrimination in selecting the right answer from four or five options supplied in the question paper. In such scenario it is so important for the candidates to understand which are the sections they should attempt first, in the selected section which types of questions they should attempt first, which are the questions to be avoided and should be answered only if you are left with surplus time. We will help you to develop such skills which will help you getting edge over others.

Testing nerves: For many candidates the examination may prove to be a question of nerves, since they consider the effort to secure a job as a matter of life and death. The performance of those who lack in confidence may not reflect their knowledge and full capability because of their tension. Therefore you should not have any apprehensions and fear in your mind when actually appearing in the exam. You should understand that it is an open exam and even if you do not get success you will get another opportunity to appear in some other exam, so focus fully on the exam in hand and don’t perform badly just because of the nerve factor. Even if the paper seems to be difficult, you should maintain your composure as it is going to be difficult for everyone. If it seems difficult to you after so much of preparation what could be the position of others who are not so well prepared that can be easily understood.

Do not be over ambitious: Do not be too ambitious by trying to answer all the questions correctly in the limited time. Skip the difficult questions. There is no point in wasting time before the hard nuts. Save such time for answering relatively easy questions that follow. If we have the obstinate approach of trying to answer all the questions in the available time, and wasting too much time before hard questions in the hope of solving them, we may have to regret in the end for not being able even to read some of the easy questions for want of time. Do not waste time by reading all the questions from the beginning to the end of the paper.

Accuracy: In bank exams accuracy of answering the question correctly is also very important as you know there is provision of negative marking in the bank exams so answering the questions correctly is very important otherwise it will not only waste your time but also result in loss of marks.

Schedule of SSC exam 2013

2012-10-18T09:27:00.002-07:00

Staff Selection Commission (SSC), India's Major Recruitment Organisations had published the Examination Time table for the year 2013.The SSC Table for 2013 includes Tentative Dates for various Competitive and Departmental Examinations. With every Passing years, there is an increase in the number of candidates appearing for SSC Exams and this is turn will increase the competition among the students appearing for SSC Exams.In this article on SSC Exam Timetable, 2013, we are going to publish the Schedule of the SSC examinations for the 2013

Although Staff Selection commission conducts a number of Exams during an year, but the most popular among all the exams is the Combined Graduate Level (CGL) Exams and Combined Higher Secondary Level Exam that get the most attention from the Graduates and the Under-graduates of the country.Apart from these exams there are several other exam like the Stenographers Exam, Junior engineer Exam and Sub-Injector Exams.

It is worth mentioning here that almost all the SSC competitive Exams are conducted for Jobs in the Central Government of India.So, if you are looking for Government Jobs through SSC in the Central Government of India, then you must go through the SSC Exam Time table 2013 and accordingly prepare for your Desired SSC Exams in 2013.

SSC Exam Timetable 2013 for various Competitive and Departmental Examinations

Sl. No.	Name ofexamination	Date of Advertisement	Closing date	Date ofExamination
1.	Recruitment ofConstable (GD) in CAPFs & Rifleman in Assam Rifles, 2013	05.01.2013	01.02.2013	02.06.2013
2.	Junior Engineer (Civil & Electrical) Exam, 2013	02.02.2013	01.03.2013	28.04.2013
3.	SI in CAPFs, ASI in CISFExamination,2013	02.03.2013	29.03.2013	26.05.2013
4.	Combined Graduate Level (Tier-I)Examination, 2013	06.04.2013	03.05.2013	14.07.2013 & 21.07.2013
5.	St enographer (Grade 'C' & 'D')Examination, 2013	11.05.2013	07.06.2013	11.08.2013
6.	Combined Graduate Level (Tier-II)Examination, 2013	Not applicable		05.10.2013 & 06.10.2013
7.	Combined Higher Secondary Level (10+2) (for Data Entry Operators, LDCs etc. ) Exam-2013	06.07.2013	02.08.2013	20.10.2013 & 27.10.2013
8.	JuJnior Translator (CSOLs)/Junior Hindi TranslatorsExamination- 2013	03.08.2013	30.08.2013	29.09.2013
9.	Multi Tasking (Non-Technical) StaffExamination, 2013	07.09.2013	04.10.2013	22.12.2013, 29.12.2013 & 05.01.2014

Here is the List of various Departmental Examinations given in SSC Exam timetable 2013

Sl. No.	Name ofexamination	Date of Advertisement	Closing date	Date ofExamination
1.	Clerks' Grade (ForMulti Tasking Staff only Examination, 2013	12.01.2013	11.02.2013	24.03.2013
2.	Grade 'C' Stenographers Ltd. Deptt. Compt. Exam, 2013	09.03.2013	08.04.2013	12.05.2013
3.	Upper Div. Clerk Ltd. Departmental Competitive Exam-2013	14.09.2013	14.10.2013	24.11.2013

Interested students who are preparing for SSC Exams 2013 are required to check this page regularly, as any updates regarding the SSC Exam Timetable, SSC Notifications and Exam Dates, Results will be published on this page.

Syllabus for IBPS exam

2012-10-16T09:27:00.000-07:00

Syllabus for IBPS exam

Aptitude Syllabus:-

1. Number System

2. Number Series.

3. Approximation

4. Wrong Number

5. Percentage

6. HCF & LCF

7. Average & Ages

8. Ratio & Proportion

9. Partnership

10. Discount

11. Profit & Loss

12. Simple Intreset

13. Compound Intreset

15. Time & Work

16. Time, Speed & Distance

17. Mensuration

18. Bar Diagrams

19. Pie Chart

20. Data Interpretation

21. Allegation of Mixture

Reasoning Syllabus:-

1.Figure Series

2. Odd Man out

3. Classification

4. Blood Relation

5. Ranking

6. Sitting Arrangement

7. Alphabetical Test

8. Coding-Decoding

9. Analogy

10. Letter word formation

11. Number code

12. Syllogism

English Syllabus:-

1.Vocabulary Test

2. Synonyms

3. Antonyms

4. Idioms & Phrases

5. Fill in the blank

6. Cloze Test

7. Spotting Errors

8. Reconstruction of sentence & passage

9. One word substitution

10. Comprehension

11. Commonly misspelled words

General awareness Syllabus:-

1. Books & Their Authors

2. Indian Economy

3. International Economy

4. Banking

5. RBI

6. Social Funtion of Banks

7. Awards & Honors

8. Sports

9. UNO

10. Marketing

11. Finance

12. Agriculture

Computer awareness Syallbus:-

1. Basic computer terminology

2. Computer abbreviation.

3. Software & Hardware questions.

4. Ms-office.

5. Internet use .

Government Scheme in India

2012-10-15T09:05:00.002-07:00

****DIFFERENT GOVERMENT SCHEMES***

==================================

1. PradhanMantri Gram SadakYojana(PMGSY):
a. Launched on 25th December 2000.
b. It is a nationwide plan to provide good all-weather road connectivity to unconnected villages of more than 500 persons in the rural areas (250 persons in the hilly and desert areas).
c. It is a 100% Centrally Sponsored Scheme.D
                       2. Rajiv Gandhi GrameenVidyutikaranYojana (RGGVY):
a. launched on 2005 for providing access to electricity to all households in the country in five years
b. Under the programme, 90% grant is provided by Govt. of India and 10% as loan by Rural Electrification Corporation (REC) to the State Governments.
c. Rural Electrification Corporation (REC) is the nodal agency for the programme.
d. The scheme aims at electrification of over 1 lakh un-electrified villages and providing electricity connections to 2.34 crore rural households. The estimated cost of the scheme is approximately Rs. 51,000 crore.
e. All the BPL families are eligible for free connections under the scheme.
                                 3. Indira AwaasYojana(IAY):
a. Launched during 1985-86 as a sub-scheme of Rural Landless Employment Guarantee Programme (RLEGP) and continued as a sub-scheme of JawaharRozgarYojana (JRY) since its launching from April, 1989.
b. It has been delinked from the JRY and has been made an independent scheme with effect from January 1, 1996.
c. The objective of IAY is primarily to provide grant for construction of houses to members of Scheduled Castes/Scheduled Tribes, freed bonded labourers and also to non-SC/ST rural people living below poverty line.
d. Funding is shared between the Centre & State in the ratio of 75:25.
                                         4. Bharat Nirman:
a. launched in 2005 for building rural infrastructure.
b. Phase I of the programme was implemented in the period 2005-06 to 2008-09. Phase II is being implemented from 2009-10 to 2011-12.
c. Bharat Nirman comprises of six components:
1. Water Supply--Cover approximately 55 thousand uncovered habitations and provide safe drinking water to approximately 2.16 lakh villages affected by poor water quality
2. Housing--Provide additional 1.2 crore houses at the rate of 24 lakh houses each year to be built by funds allocated to the homeless through Panchayats
3. Telecommunication and Information Technology --Increase rural tele-density to 40% and provide broadband connectivity and Bharat NirmanSevaKendras to all 2.5 lakh Panchayats
4. Roads--Provide road connections to remaining 23,000 villages approximately with population of 1000 or 500 in case of hilly or tribal areas
5. Electrification--Provide electricity to remaining 40,000 villages approximately and connections to about 1.75 crore poor households
6. Irrigation--6.5 million hectares brought under assured irrigation till 2009. Remaining 3.5 lakh hectares to be completed by 2012
d. PradhanMantri Gram SadakYojana (PMGSY), Rajiv Gandhi VidyutikaranYojana(RGVY) & Indira AwasYojana (IWY) come under Bharat Nirman.
                    5. PradhanMantriAdarsh Gram Yojana(PMAGY):
a. It is a new scheme launched in the Union Budget 2009-10 by the Union Government on a pilot basis for integrated development 0f 1,000 villages, each having more than 50% SC population.
b. There are about 44,000 villages in which the population of scheduled castes is above 50 per cent.
c. If the pilot scheme is successful the scheme will be expanded to remaining villages.
                      6. National Rural Health Mission (NRHM):
a. Launched in 2005.
b. The NRHM covers the entire country, with special focus on 18 States
                             7. Accredited Social Health Activist (ASHA):
a. One of the key components of the National Rural Health Mission is to provide every village in the country with a trained female community health activist – ‘ASHA’ or Accredited Social Health Activist for every village with a population of 1000.
b. ASHA will take steps to create awareness in woman on birth preparedness, safe delivery and care of the young child. She will also work as DOTS provider under tuberculosis programme
c. ASHA must primarily be a woman resident of the village – married/ widowed/ divorced, preferably in the age group of 25 to 45 years.
                     8. National Rural Employment Guarantee Act(NREGA):
a. Act was came in 2005 and scheme launched in 2006
b. The scheme provides a legal guarantee for one hundred days of employment in every financial year to adult members of any rural household willing to do public work-related unskilled manual work at the statutory minimum wage of Rs.100 per
c. Around one-third of the stipulated work force must be women.
d. The scheme started from February 2, 2006 in 200 districts, was expanded to cover another 130 districts in 2007-2008 and eventually covered all 593 districts in India in 2008.
e. It has been renamed as Mahatma Gandhi Rural Employment Guarantee Act on 2nd October, 2009.
                                    9. SarvaSikshaAbhiyan(SSA):
a. launched in 2001.
b. It is a flagship programme of the Government of India pioneered by AtalBihari Vajpayee for achievement of universalization of elementary education to children in the 6-14 age group by 2010.
c. education cess are credited into a PrarambhikShikshaKosh (PSK) and are utilised exclusively for SarvaShikshaAbhiyan (SSA) and Mid-Day Meal (MDM)
d. 85:15 sharing arrangement during the Ninth Plan, 75:25 sharing arrangement during the Tenth Plan, and 50:50 sharing thereafter between the Central Government and the State Government except for 8 NE states.
                             10. RashtriyaMadhyamikShikshaAbhiyan(RMSA):
a. To cover children in secondary school (8th to 12th standard). The main objective of the programme will be to provide universal access to education for all children by 2015 and universal retention by 2020.
b. The SarvaShikshaAbhiyaan has created a need for strengthening secondary education infrastructure across the country.
c. Announced in 2007 and it is proposed to implement during 11th Five Year plan. In Jan 2009 CCEA (Cabinet Committee on Economic Affairs) approved the implementation
d. Rs.20,120crore has been allocated for the Scheme during the 11th Five Year Plan.
                            11. SwarnaJayanti Gram SwarozgarYojana (SGSY):
a. Launched as an integrated programme for self-employment of the rural poor with effect from 1 April 1999.
b. Assistance is given to BPL family in rural areas for taking up self employment.
c. They may take up the activity either individually or in Groups, called the Self-Help Groups.
d. There are over 22 lakh Women’s Self Help Groups linked with banks. Reach of SHGs to be widened to enrol at least 50 per cent of all rural women in India as members of SHGs over the next five years.
e. A Self- Help Group (SHG) may generally consist of 10-20 persons.
f. It is financed on 75:25 cost-sharing basis between the Centre and the states
g. In Union Budget 2009-10, The SwarnaJayanti Gram SwarozgarYojana (SGSY) restructured as National Rural Livelihood Mission to make it universal in application, focused in approach and time bound for poverty eradication by 2014-15.
                            12. RashtriyaSwasthyaBimaYojana (RSBY):
a. launched in 2007.
b. It is a new health insurance scheme for the Below Poverty Line (BPL) families in the unorganized sector.
c. objective is to provide insurance cover to BPL households from major health shocks that involve hospitalization.
d. By the end of the year, 2009-10, 1.2 crore BPL families ( a unit of five) are expected to be covered and all the estimated 6 crore BPL families are proposed to be covered in the next four years.
e. In the Union Budget 2009-10, It is proposed that All BPL families to be covered under this scheme.
                            13. Rajiv AwasYojana:
a. It is a new scheme announced in the Union Budget 2009-10 for making slum-free India in five years.
b. Rajiv AwasYojana comes under JNNURM on the lines of Indira AwasYojana for rural poor.
                             14. Jawaharlal Nehru National Urban Renewal Mission(JNNUM):
a. launched on 2005
b. for development of 63 identified cities.
c. Centre-Rs. 50,000 crore. State- 50,000 crore and municipalities – 25,000 crore total amount will go upto to Rs. 1,25,000crores over the seven year period.
d. National Steering Group chaired by urban development minister
e. It comprises two Sub-Missions:
1. Urban Infrastructure and Governance (UIG) (Sub-mission I)
2. Basic Services to the Urban Poor Urban (BSUP) (Sub-mission II)
                              15. SwarnaJayantiShahariRozgarYojana (SJSRY):
a. Launched in 1997.
b. SwarnaJayanthiShahariRozgarYojana (SJSRY) shall sheek to provide gainful employment to the Urban unemployed or underemployed poor through encouraging the setting up of self-employment ventures or provision of wage employment.
c. The programme shall target the urban poor, defined as those living below the urban poverty line, as defined from time to time.
d. funding pattern of Centre and State in 75:25 basis
e. The SwarnaJayantiShahariRozgarYojana shall consist of two special schemes, namely-
f. i)The Urban Self-Employment Programme (USEP)
g. ii)The Urban Wage Employment Programme (UWEP)
                            16. RashtriyaKrishiVikasYojana:
a. RashtriyaKrishiVikasYojana was launched by Govt. of India during 2007-08 to incentives states to draw up plans for their agriculture sector.
b. The RKVY aims at achieving 4% annual growth in the agriculture sector during the XI Plan period, by ensuring a holistic development of Agriculture and Allied Sectors.
                             17. National Social Assistance Programme:
a. The programme was launched with effect from 15th August 1985 and under this programme three sub-schemes are under implementation. They are.
1. National Old Age Pension(NOAP)
2. National Family Benefit Scheme (NEBS)
3. Annapurna Scheme
                              18. National Old Age pension (NOAP):
a. old person above 65 Years. Physically Handicapped persons and Leprosy destitute (Irrespective of Age) who comes under Below Poverty line.
b. The National Old Age Pension Scheme has been renamed as Indira Gandhi National Old Age Pension Scheme (IGNOPS) and formally launched on 19th November, 2007.
c. The central contribution of pension under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is Rs. 200/- per month per beneficiary and the State Governments may contribute over and above to this amount. At present old age beneficiaries are getting anywhere between Rs. 200/- to Rs. 1000/- depending on the State Contribution.
                               19. National Family Benefit Scheme (NFBS)
a. Under this scheme, in the death of primary breadwinner, the head of household is untitled to get the benefit of Rs.10000/- in case normal deaths.
                               20. Annapurna Scheme
a. launched on1st April, 2000.
b. for providing food security to those Senior Citizens who though eligible have remained uncovered under the National Old Age Pension Scheme (NOAPS).
c. Under the Annapurna Scheme, 10 Kg. of food grains per month are to be provided 'free of cost' to the Beneficiary.
d. The age of the applicant ( male or female) should be 65 years or above.
e. From 2002-03, it has been transferred to State Plan along with the National Social Assistance Programme comprising the National Old Age Pension Scheme and the National Family Benefit Scheme.
21. Two new schemes have been introduced in the Interim Budget 2009-10:
a. 'Indira Gandhi National Widow Pension Scheme' to provide pension of Rs.200 to widows between age groups of 40-64 years and
b. 'Indira Gandhi National Disability Pension Scheme' to provide pension for severely disabled persons.Widows in the age group of 18-40 years to be given priority in admission to ITIs, Women ITIs and National/Regional ITIs for women.Government to bear cost of their training and provide stipend of Rs.500 per month.
                              22. AamAdmiBimaYojna (AABY):
a. launched in 2nd October 2007.
b. It is an Insurance Scheme which covers the death and permanent disability for the benefit of rural landless households between the age group of 18 to 59 years.
c. Implemented through the LIC of India and inter alias.
d. The scheme provides for insurance of head of the family or an earning member of the family of rural landless household.
e. 50% will be contributed by the central Govt. and the rest 50% will be contributed by the state Government
                                23. Antyodaya Anna yojana
a. 25th December,2000
b. BPL families in Rural Area and urban area
c. food grains 25 Kg per family per month @ Rs.2/- per Kg for wheat and Rs. 3/- per Kg for rice. This quantity has been enhanced from 25 kg to 35 kg from 1 April 2002.
d. Under the expanded Antyodaya Anna Yojna, exclusive AAY cards are also issued to the Senior Citizens who have no regular means of subsistence or societal support, widows and families headed by widows, terminally ill and physically handicapped even if they are not in possession of any APL or BPL card.

                            24. SampoornaGrameenRozgarYojana
a. launched on 25 September, 2001 by merging the on-going schemes of EAS and the JGSY
b. objective of providing additional wage employment and food security, alongside creation of durable community assets in rural areas.
c. The programme is self-targeting in nature with special emphasis on women, scheduled castes, scheduled tribes.
d. Fund is shared between the Centre and the States in the ratio of 75:25.
e. Food grains are provided free of cost to the States/UTs. The payment of food grains is made directly to FCI at economic cost by the Centre. However, State Governments are responsible for the cost of transportation of food grains from FCI godown to work-site/PDS shops and its distribution. Minimum wages are paid to the workers through a mix of minimum five kg of food grains and at least 25 per cent of wages in cash.
                            25. Training of Rural Youth for Self-Employment (TRYSEM)
a. initiated in July 1979.
b. It is a component of IRDP, aims to providing basic technical and entrepreneurial skills to the rural poor in the age group of 18 to 35 years to enable them to take up income generating activities. The scheme had been merged into Swarnajayanti Gram SwarojgarYojana (SGSY) with IRDP, DWCRA etc. from April, 1999.
                             26. Integrated Rural Development Programme (IRDP)
a. launched in 1978 and extended throughout India by 1980
b. It is a self-employment program intended to raise the income-generation capacity of target groups among the poor in rural areas. Assistance is provided in the form of subsidy and bank credit.
c. Scheme is merged with another Scheme named swarnjayanti gram swarozgaryojana (SGSY) since 01.04.1999.
                              27. JananiSurakshaYojana
a. launched in 2003
b. centrally sponsored scheme aimed at reducing maternal and infant mortality rates and increasing institutional deliveries in below poverty line (BPL) families
c. JSY, which falls under the overall umbrella of National Rural Health Mission covers all pregnant women belonging to households below the poverty line, above 19 years of age and up to two live births.
                              28. NATIONAL MATERNITY BENEFIT SCHEME (NMBS)
a. provision for the payment of Rs. 500 per pregnancy to women belonging to poor households for pre-natal and post-natal maternity care upto first two live births.
29. MahilaSamridhiYojna
a. started on 2 October 1993.
b. Under this plan, the rural women of 18 years of above age can open their saving account in the rural post office of their own area with a minimum Rs. 4 or its multiplier
                              30. National Food Security Mission (NFSM)
a. Lunched in 2007.
b. Centrally sponsored scheme
c. Objectives of this scheme,
1. Increasing production of rice and pulses through area expansion and productivity enhancement in a sustainable manner in the identified districts of the state.
2. Restoring soil fertility and productivity at the individual farm level.
3. Creation of employment opportunities
4. Enhancing farm level economy i.e. farm profits to restore confidence amongst the farmers.
                              31. Saakshar Bharat
a. launched on 8 September 2009
b. It aims to recast India's National Literacy Mission to focus on literacy of women, which is expected to increase the literate population by 70 million adults, including 60 million women.
                               32. National Livelihood Mission
a. Started in 2009-10
b. Aiming to make the Swarnajayanti Gram SwarozgarYojna more effective and boost the rural economy, the government has decided to restructure the scheme under a new name National Livelihood Mission.
c. to provide self-employment in the rural areas by bringing each household below the poverty line under the net of self-help group (SHG),
d. The government will strengthen the SHGs at all levels by setting up the Rural Self Employment Training Institute in each district across the country
e. 50 per cent of the beneficiaries had to be from the SC and ST communities and 40 per cent had necessarily to be women.
33. Rajiv Gandhi GrameenVidyutikaranYojana(RGGVY)
a. 2005
b. objective of providing access to electricity to all households and improving rural electricity infrastructure
c. The scheme covers the entire country. Rural electricity corporation (REC) is the nodal agency for the implementation of RGGVY.
d. Ninety per cent capital subsidy is provided for overall cost of the projects under the scheme
                             34. Rajiv Gandhi National Drinking Water Mission
a. 50% Central and 50% State.
b. The Technology Mission on drinking water and related water management was launched in 1986. It was also called the National Drinking Water Mission (NDWM) and was one of the five Societal Missions launched by the Government of India. The NDWM was renamed Rajiv Gandhi National Drinking Water mission (RGNDWM) in 1991.
c. The main aim of the scheme is to provide drinking water to the non covered/ partially covered habitations

                            35. Integrated Child Development Services (ICDS) Scheme
a. Launched on 2nd October 1975
b. to improve the nutritional and health status of children in the age-group 0-6 years

Current Affairs Sports News and Award 2012

2012-10-14T03:39:00.003-07:00

Awards are as follows:

· The ICC Cricketer of the year, ICC Test Cricketer of the Year and the People`s Choice Award: Kumar Sangakkara (Sri Lanka)

· The ICC Twenty20 International Performance of the Year : Richard Levi (South Africa)

· The Spirit of Cricket Award : Daniel Vettori (New Zealand)

· The Emerging Cricketer of the Year: Sunil Narine (West Indies)

· The Women`s ODI Cricketer of the Year : Stafanie Taylor (West Indies)

· Women`s T20 Cricketer of the Year : Sarah Taylor (England)

· Associate and Affiliate Cricketer of the Year : George Dockrell (Ireland)

Andy Murray: First British man to win a Grand Slam title after 76 years

September 13th, 2012 |

§ Andy Murray defeated Novak Djokovic in the US Open men’s singles to become first British man to clinch the championship after 76 years.

§ Before this, Fred Perry was the British player to capture a grand slam in US Championship in 1936.

§ Murray had recently won Olympic Gold medal in Men’s singles and a silver medal in mixed doubles in the 2012 London Olympics.

§ Andy Murray is also the first British player, who bagged an Olympic Gold medal in 100 years.

Klitschko defeats Charr, retains WBC heavy weight title

September 13th, 2012 |

Vitali Klitschko of Ukraine defeated Manuel Charr of Germany to retain his WBC heavyweight title.

The medical team and the referee stopped the bout 56 seconds before the end of the fourth round after witnessing a cut mark on the opponent’s eye, the German Manuel Charr, 27.

September 10th, 2012 |

US Open Women’s Doubles:

Sara Errani and Roberta Vinci of Italy beat Czech pair of Andrea Hlavackova and Lucie Hradecka.

Current Affairs in Sports Category

South Africa after defeating England 2-0 in the Test-match series grabbed the spot of the World’s Number One Test Cricket team. South Africa thus replaced England to take the top position.

Ankur Mittal clinches Bronze in the 4th International Junior Shotgun Cup

August 25th, 2012 |

Ankur Mittal bagged Bronze medal in double trap in the 4^th International junior shotgun Cup in Orimattila, Finland.

Maharashtra registered Maximum Number of Deaths due to SAEs during Drug Trials

August 25th, 2012 |

As per the data of the Drug Controller-General of India, India recorded 2061 drug trial-related deaths during the period (January 2008- January 2012). Maharashtra registered maximum number of 268 deaths due toSAEs (Serious Adverse Events) during drug trials while Madhya Pradesh recorded the least number of such deaths.

August 24th, 2012 |

Vijay Kumar who won silver medal in shooting event and Yogeshwar Dutt who clinched Bronze in wrestling at London Olympics will be conferred with country’s highest sporting honour Rajiv Gandhi Khel Ratna Award for the year 2012.

Can Rajiv Gandhi Khel Ratna award be conferred on more than one person in a year ?

Sportspersons for Arjuna Awards:

§ Deepika Kumari (Archery)
§ Laishram Bombayla Devi (Archery)
§ Sudha Singh (Athletics)
§ Kavita Ramdas Raut (Athletics)
§ Ashwani Ponnappa (Badminton)
§ Parupalli Kashyap (Badminton)
§ Aditya S Mehta (Billiards and Snooker)
§ Vikas Krishan (Boxing)
§ Yuvraj Singh (Cricket)
§ Sardar Singh (Hockey)
§ Yashpal Solanki (Judo),
§ Anup Kumar (Kabaddi)
§ Samir Suhag (Polo)
§ Annu Raj Singh (Shooting)
§ Omkar Singh (Shooting)
§ Joydeep Karmakar (Shooting)
§ Deepika Pallikal (Squash)
§ Sandeep Sejwal (Swimming)
§ Ng. Sonia Chanu (Weightlifting)
§ Narsingh Yadav (Wrestling)
§ Rajinder Kumar (Wrestling)
§ Geeta Phogat (Wrestling)
§ M. Bimoljit Singh (Wushu)
§ Deepa Mallick (Athletics - Paralympics)
§ Ramkaran Singh (Athletics - Paralympics)

Roger Federer and Li Na clinch Cincinnati Masters

August 23rd, 2012 |

Tennis star Roger Federer clinched a record fifth Western & Southern Open Title (Cincinnati Masters ) at Cincinnati. He defeated Novak Djokovic.
In women’s singles China’s Li Na vanquished German Angelique Kerbar to bag the title.

Current Affairs in Sports Category

Rory Mcllroy wins US PGA Golf Championship

August 22nd, 2012 |

Rory Mcllroy won the US PGA Golf Championship at Kaiwah island.
This victory has made Mcllroy world number one player surpassing Luke Donald.

Winners	Event	Medal
Vijay Kumar	Shooting, 25m rapid fire	Silver
MC Mary Kom	Boxing	Bronze
Saina Nehawal	Badminton	Bronze
Gagan Narang	Shooting	Bronze
Sushil Kumar	Wrestling	Silver
Yogeshwar Dutt	Wrestling	Bronze

Where does India stand in Olympics?

The First participation from India was in Paris Olympics 1900 after Norman Pritchard, an Anglo-Indian, participated in two events and won silver in both the events. India sent its first contingent to Summer Olympics in Antwerp Olympics 1920 and since then it sends its team in every Olympics.

In the last 112 years of modern Olympics, India has won only 9 gold and 8 of them have come from hockey and one in individual shooting event. If these six medals of Londond 2012 are included India now stands at 26.

Major Performers at London Olympics 2012

• Michael Phelps won 6 medals (4 Gold+2 Silver) in swimming to become the most decorated Olympian ever with 22 medals.

• Jamaican sprinter Usain Bolt bagged 3 gold in three separate events (100 meter race, 200 meter race and 4X100 meter relay team race). He set up a new Olympic of 9.63 seconds in 100 metres.

• Germany beat Netherlands 2-1 to win gold in men’s hockey.

• Mexico defeated Brazil 2-1 to bag Soccer gold.

• In Men’s Basketball, US beat Spain to win gold

• Andy Murray of Great Britain defeated Roger Federer of Switzerland to clinch tennis men’s singles gold

• Russia beat Brazil to win men’s volleyball gold.

• In Men’s singles Badminton, Dan Lin of China won gold after beating Malaysian Chong Wei Lee.

Mascots at Olympics

Since Munich Olympic Games in 1972 when Waldi, a dachshund, was made the symbol of Munich games, mascots have been assigned to every Olypics.

Mascots for London Olympics were Wenlock and Mandeville.

Wenlock was mascot for Olympics and Mandeville was mascot for Paralympics.

Usain Bolt bags Olympic gold in 100m

August 8th, 2012 |

Jamaican sprinter Usain Bolt clinched his second straight Olympic gold medal in the men's 100m.

Phelps 3rd consecutive win creates history

August 8th, 2012 |

Star swimmer Michael Phelps of US created history as he won Gold in the Men's 200-metre Individual Medley. Phelps has now become the first man to win this event at three consecutive Olympic Games.

Current Affairs in Sports Category

Vijay Kumar bags silver medal in 25m rapid fire pistol

Pistol Shooter Vijay Kumar won a silver medal for India. He stood second in the 25 metres Rapid Fire Pistol event.

Saina clinches Bronze in Badminton : Olympics

Saina Nehwal bagged a Bronze medal for India at the London Olympics in women's Badminton as Xin Wang of China retired hurt.

§ Clinched gold in 4x200 metre freestyle relay.

§ 4^th Olympic appearance for Phelps

§ Total medal tally: 15 gold, 2 silver and 2 bronze

§ Surpassed the record of Soviet gymnast Larisa Latynina who won 18 medal b/w 1956 and 1964.

§ Won World Swimmer of the Year Award 6 times

§ Won maximum number of gold medals (8) won in a single Olympics during 2008 Beijing Games. He thus outshined Mark Spitz's of America who clinched 7 gold record at Munich in 1972).

A multi-year broadcast deal inked b/w Hockey India & ESPN STAR

ESPN STAR Sports inked a multi-year broadcast deal Hockey India. The channel will now have the exclusive right to broadcast all international hockey test matches under Hockey India to be played in India for the next 5 years.

As per the contract the ESPN STAR Sports will also exclusively coverHockey India League (HIL), which is expected to be kicked off in January 2013.

Gagan Narang clinches first medal for India at London Olympics

Star Shooter Gagan Narang has clinched first medal for India at the London Olympics. Gagan bagged a bronze medal in the 10 metre air rifle event.

Current Affairs in Sports Category

London Olympics kicks off; Sushil Kumar leads Indian contingent

The London Olympics 2012 opened with a spectacular opening ceremony. Head of State Queen Elizabeth II declared the Games open amidst boisterous spectators in the capacity crowd of 80,000, signaling the launch of the biggest sporting event, which the Britain is hosting after a gap of 64 years.

§ This is the 30^th Olympics event.

§ As per the tradition Greece entered first into the arena for the march past while Great Britain as the host nation was the last contingent to enter the stadium.

§ Indian contingent was lead by Beijing Bronze winning wrestlerSushil Kumar who held high the Indian Flag.

§ The magnificent show at the opening ceremony was orchestrated by Oscar-winning Slumdog Millionaire director Danny Boyle.

Departments will now have the right to give out of turn promotions to 3 sportspersons, 2 for coaches

The Govt allowed departments to give 3 out of turn promotions to sportspersons who do perform extraordinarily in big events and 2 for coaches.

Objective: Encouraging sportsperson for excellence in sporting events.

According to Department of Personnel and Training (DoPT), the medal winning show in sports events eligible for out of turn promotion will be restricted to regular disciplines of Olympic Games, Commonwealth Games, Asian Games, World Championships and record breaking medal winning performance in National Games conducted by Indian Olympic Association.

A new test for Human Growth Hormone (HGH) to identify drug cheats in Olympics: WADA

WADA or World Anti-Doping Agency launched a new weapon to tackle the menace of drug cheats in London Olympics. It is for the first time a high-end new test for Human Growth Hormone (HGH), have been introduced at the Olympic Games.

Why this new test has been introduced ?

§ Earlier the detection of HGH was not possible by conventional urine analysis.

§ Also there was a need to have test that could differentiate b/w the natural and synthetic HGH.

§ The new test is a bio-marker test which can differentiate b/w naturally produced HGH and synthetic one.

§ The test will supplement the already existing tests for HGH.

What is HGH?

§ HGH is growth stimulating peptide hormone. It is released by the somatotroph cells within the lateral wings of the anterior pituitary gland.

§ Somatotropin (STH) refers to the growth hormone 1 produced naturally in animals, whereas the term somatropin refers to growth hormone produced by recombinant DNA technology, and is abbreviated "HGH" in humans.

The use of HGH is banned by the International Olympic Committee (IOC) and National Collegiate Athletic Association (NCAA).

Bradley Wiggins: First British cyclist to clinch Tour De France

July 25th, 2012 |

Bradley Wiggins became the 1^stBriton to cinch the Tour de France.

He also helped Sky teammate Mark Cavendish achieve his fourth straight sprint victory on the Champs-Elysees.

Jeev Milkha Singh clinches Scottish Open Golf title

July 18th, 2012 | Comment|

Jeev Milkha Singh won the Scottish Open golf title after a final round with Italy's Francesco Molinari.
This is his 4^th European Tour title.

Current Affairs in Sports Category

July 16th, 2012 |

July 16th, 2012

1. England

2. Australia

3. South Africa

4. Pakistan

5. India

6. SriLanka

7. New Zealand

8. West Indies

9. Bangladesh

July 14th, 2012 |

Mithali was earlier displaced by ICC Women's Cricketer of the Year 2011, West Indies' Stafanie Taylor.
Jhulan Goswami has maintained her 4^th position in the ICC Women's ODI Rankings for bowlers

Mark Boucher bids adieu international cricket

July 11th, 2012 |

Mark Boucher, the South African wicket keeper, has retired from international cricket after undergoing surgery for eye injury he received on the opening day against Somerset when a googly from Imran Tahir, hit the stumps and a dislodged ball hit Boucher in the left eye.
South African captain Graeme Smith read Boucher's statement announcing his retirement. Boucher concluded his international cricket journey with a record 998 international dismissals.

‘Delphinus’ - IAF swimming team creates English Channel record

July 10th, 2012 |

Delphinus - An Indian Air Force, swimming team that has set a record by successfully crossing the English Channel b/w the UK and France twice within a fortnight.

The team has already crossed the Channel in 12 hours and 14 minutes on the June 26, 2012. The team became the fastest Asian relay teamever. The team once again successfully crossed the Channel on July 5, 2012 in 11 hours, 25 minutes, breaking its own record. The stunning achievement makes Delphinus the first team in the world to have crossed the Channel twice in the same year and that too in the first tide which is considered the toughest. Delphinus is the first team from the Indian armed forces to swim the English Channel. It will also compete for the Endurance Trophy
Team members:

· Wing Commander Paramvir Singh

· Flight Lieutenant Narayanpethkar

· Corporal AK Patel

· Corporal S Srihari

Current Affairs in Sports Category

July 9th, 2012 |

§ If we include this title then Federer now keeps 17 Grand Slam.

§ He had clinched earlier Wimbledon titles on 6 different occasions.

§ William Renshaw's and Pete Sampras are the only players who have won the prestigious Wimbledon singles title on 7 occasions.

Highlights of Wimbledon 2012

§ Serena Williams of US conquered Ladies’ singles title by beating Agnieszka Radwanska of Poland.

§ In mixed doubles Mike Bryan and Lisa Raymond beat the pair of Leander Paes and Elena Vesnina to lift the Mixed Doubles final.

§ Jonathan Marray and Frederick Nielson won Men’s doubles by defeating Robert Lindstedt.

§ The pair of Serena Williams and Venus Williams won Ladies’ doubles title as they defeated Andrea Hlavackova and Lucie Hradecka.

India gets Olympic berth in swimming

July 8th, 2012 |

FINA, the world swimming body has granted India an Olympic berth in swimming. FINA awarded the berth to Karnataka swimmer Gagan AP Ulalmath in the men's 1,500 metres freestyle event of the London Olympics under the 'Universality' quota.

FINA

§ Fédération Internationale de Natation (International Swimming Federation)

§ FINA is recognized by the International Olympic Committee (IOC) for administering international competition in the aquatic sports

§ Based in Lausanne, Switzerland.

§ FINA currently oversees competition in five aquatic sports: swimming, diving, synchronized swimming, water polo and open water swimming.

FIFA concocting to vote on introduction of Goal Line Technology

July 6th, 2012 |

FIFA, the Football’s governing body is concocting to vote on the initiation of GOAL LINE TECHNOLOGY. Pressure is developing on the football authorities following a series of high profile errors by referees, including one in the latest European Championships. A goal by Ukraine against England was disallowed in spite of television footage indicating that the ball had undoubtedly crossed the line. FIFA is anticipated to sanction two systems - a camera based system and one which uses a censor in the ball.

Person in News: Oscar Pistorius

July 5th, 2012 |

Oscar Pistorius named for Olympics in 4x400 race, is the first 'disabled athlete' to qualify for an able bodied event in the 2012 London Olympics in 400 metres race.

§ Full name: Oscar Leonard Carl Pistorius

§ Pistorius named South Africa’s 4x400 relay team for the London Olympics.

§ Oscar Leonard Carl Pistorius is adouble amputee (i.e. doesn’t have his both limbs) South African sprint runner.

§ Famous as the "Blade Runner" and "The Fastest man on no legs".

§ He is the world record holder in the 100, 200 and 400 metres (sport class T44) events and runs with the aid of Cheetah Flex-Foot carbon fibre transtibial artificial limbs by Ossur.

§ Pistorius is set to become the first amputee track athlete ever to compete at the games.

§ The 25-year-old South African runs on carbon fiber blades.

§ Pistorius made history in 2011 by qualifying for the world championships, where he won silver in the 4x400. The decision to leave him out of the final race caused controversy.

§ Pistorius won medals at the Beijing and Athens Paralympics.

Spain clinches Euro Cup 2012

July 3rd, 2012 | Comment|

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Current Affairs in Sports Category

June 30th, 2012 | Comment|

South Africa will host the 4th edition of the Champions League Twenty20 to be held in October, 2012 with Pakistan’s Sialkot Stallions being the new entrant.

The tournament has been shifted out of India due to the Monsoon and the Durga Pooja celebrations will coincide with the event.

The Mumbai Indians would participate as the 4th Indian team in the 8-team tournament.

Pakistan’s Sialkot Stallions has been approved as the new entrant in the tournament. They will participate in the qualifiers to make the cut in the main draw, which will feature 4 teams from India, 2 from Australia and 1 from South Africa.

The confirmed participants of CL T2o are Kolkata Knight Riders, Chennai Super Kings and Delhi Daredevils.

Pinky Karmakar will be Indian 'torch bearer' at London Olympics

June 27th, 2012 | Comment|

Pinky Karmakar, a 17 year old girl and a student of class X from a remote tea garden in Assam will be among India's 'torch bearer' at the London Olympics. She will represent India among 20 countries at the Olympic torch relay inNottinghamshire on June 28, 2012.

Her father is a painter and her mother a tea-leaf plucker in a tea garden.Pinky runs a daily sports programme at her school and teaches for about 40 women, including her mother. She has also actively participated in the programmes that create awareness about child marriage, adult literacy and alcoholism.

Pinky is part of the International Inspiration Programme, a sports legacy project of London 2012, run in partnership with UK Sport, Unicef and the British Council.
The motto of the programme is to reach young people all around the world and connect them to the inspirational power of the Games so they are inspired to choose sport.

Alonso lifts European Grand Prix

June 25th, 2012 |

§ Fernando Alonso of Ferrari won European Grand Prix

§ This victory has made him the 1^st driver to win two races this season

§ Kimi Raikkonen of Lotus stood 2^nd

§ Michael Schumacher finished 3^rd

Alan Isaac to command the reins of ICC

June 25th, 2012 |

Alan Isaac of New Zealand will replace Sharad Pawar as ICC President as the term of the latter comes to an end. Sharad Pawar will complete his two-year term.

Indian women Kabaddi and Basketball teams clinch Gold in Asian Beach Games, China

June 25th, 2012 |

Current Affairs in Sports Category

June 23rd, 2012 |

Centre passes proposals worth Rs. 23 Crore to build sports infrastructure facilities

June 16th, 2012 |

Govt approved the proposals financial assistance worth Rs 23 crore under the Urban Sports Infrastructure, to build sports infrastructure facilities in 4 states.

This include:

§ Rs 6 crore to construct a multi-purpose hall in the tribal district of Kondagaon in Chhattisgarh

§ Rs 5 crore to the Haryana state government to lay a synthetic hockey playfield in the sports complex at Hisar.

§ Rs 12 crore to buid a multi-purpose indoor hall one each in Karauli district,Rajasthan and Senapati district,Manipur

June 12th, 2012 |

§ Goalkeeper Bharat Chetri will be the Captain of the 16-member team in the Olympic Games.

§ Ace midfielder Sardar Singh will be the Vice Captain.

§ Other members on the squad: P R Sreejesh, V R Raghunath, Ignace Tirkey, Sandeep Singh, Gurbaj Singh, Birendra Lakra, Manpreet Singh, S V Sunil, Gurwinder Singh Chandi, Shivendra Singh, Danish Mujtaba, Tushar Khandker, Dharamvir Singh and S K Uthappa.
Standby players: Sarvanjit Singh and Kothajit Singh.

§ 8-time Olympic Champ India will clash with the Netherlands in their 1^st match at London Olympic Games

June 12th, 2012 |

Spain's Rafael Nadal beat Serbia's Novak Djokovic in the final of French Open. With this win he overtook Sweden's Bjorn Borg who won 6 Roland Garros titles
Shattered Djokovic's dream of becoming the 3^rd man to win 4 consecutive grand slams.

June 10th, 2012 |

and thus became the 10^th woman to complete a career Grand Slam.

Current Affairs in Sports Category

June 10th, 2012 |

June 9th, 2012 |

The Sports Ministry granted Rs 77 crore to 26 states for organizing annual sports competitions under the Panchayat Yuva Krida Aur Khel Abhiyan scheme. The states include Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Nagaland, Uttar Pradesh and West Bengal. The Scheme has so far covered around 52,000 village panchayats and more than 1,500 block panchayats.

Objective:

§ To develop playfields at block, district, state and national levels

§ To conduct Yearly sports competitions at block, district, state and national levels

PYKKA:

§ A rural sports go-ahead introduced by the Ministry of Youth Affairs and Sports, Govt of India to promote youth and social development via sports.\

§ Launched on 1 April 2008

§ 3 decision making bodies of PYKKA and their respective heads

1. General Council - Union Sports Minister of the Government of India

2. Executive Committee - Secretary of Sports, Ministry of Youth Affairs & Sports

3. Mission Directorate - Joint Secretary of Sports, Ministry of Youth Affairs & Sports

§ A Central Government sponsored scheme and it is implemented by State and Union Territory administrations.

Funding Structure:-

§ Union Govt : State Government = 90 : 10 (For North Eastern States)

§ Union Govt : State Government = 75 : 25 (For Rest of India)

Modus Operandi:-

§ PYKKA furnishes funds for the development and maintenance of sports grounds in villages and block panchayats.

§ For several sporting disciplines, PYKKA alleviates the conduct of district-state and national level competitions.

French Open: Sania, Bhupathi clinch maiden mixed doubles title

June 8th, 2012 |

Sania Mirza and Mahesh Bhupathi won their 2^ndGrand Slam title together and first French Open trophy. They defeated the Mexican-Polish duo of Santiago Gonzalez and Klaudia Jans Ignacik in the mixed doubles final held in in Paris. Earlier, Sania and Bhupathi had won the 2009 Australia Open as their first Grand Slam title. Individually, it is 2^nd career Grand Slam title for Sania and 12^th major trophy for Bhupati. Bhupati has 8 mixed doubles trophies.

June 6th, 2012 |

New Zealand grabbed the 21st Azlan Shah Cup hockey tournament in their maiden final. They defeated Argentina in the top clash at Ipoh, Malaysia. 5-time champions India beat Great Britain and won thebronze medal.

Sachin’s new innings, takes oath as member of Rajya Sabha

June 4th, 2012 |

Current Affairs in Sports Category

Kevin Pietersen retires from Limited-Overs edition of International Cricket

June 3rd, 2012 |

Star England Batsman Kevin Pietersen declared to retire from limited-overs edition of International cricket. However, he will continue to play test cricket

Kevin Pietersen

§ South African- born English cricketer

§ Right handed batsman and occasional off-spin bowler

§ Debut: 2004

§ ODIs: 127, Total ODI Runs: 4184, Avg: 48.14

§ T20: 36

§ Quickest batsman to reach both 1,000 and 2,000 runs in ODI cricket

Indian Tennis Team will take part in 2012 Euro Africa Circuit, Swedish Open & Brazil Open: Sports Ministry

June 3rd, 2012 |

Sports Ministry approved the participation of Indian Tennis Team in the 2012 Euro Africa Circuit, Swedish Open and Brazil Open tournament. It will be 13 member team that includes: Sharath Kamal, Achanta Kamail, Subhajit Saha, Sanil Shankar Shetty, Mouma Das, Harmeet Rajul Desai, Divya Deshpandey and Monika Batra

§ The Euro Africa Circuit and Swedish Open will be organized at Helsingborg, Sweden.

§ Brazil Open will be held at Santos of Brazil.

May 31st, 2012 |

§ Indian Grand Master Viswanatan Anand retained the FIDE ( Federation Internationale des Echec) World Chess Title for the record5^th time

§ Defeated Boris Gelfand of Israel after 2^ndround of tie breaker game in Moscow

§ The title has been held by Anand since 2007

Hari Ram Grand Prix: India at the top

May 30th, 2012 |

Results:

§ India (1^st position):2 golds, 3 silvers, and 5 bronze

§ USA (2^nd position): 1 gold, 5 silvers, 1 bronze

§ Korea (3^rd position): 1gold, 2 silvers, 3 bronze

Indian Winners:

§ Gold : Praveen Rana, Rajneesh

§ Silver: Nitin, Neha Rathi

§ Bronze: Vinod Kumar, Kamlesh, Manoj, GursharanPreet Kaur,Pawan Kumar

About Hari Ram Grand Prix:

Services beat Tamil Nadu

May 30th, 2012 |

Services clinched their second beating Tamil Nadu in the finals.

It is an annual Indian football tournament which is participated by states and government institutions

§ Trophy named after late Maharaja Sir Manmatha Nath Roy Chowdhary of Santosh, which is now part of Bangladesh

§ The first winners of the tournament Bengal top list with 31 titles till date

Current Affairs in Sports Category

May 17th, 2012 |

April 29th, 2012 |

London Olympics: Motto revealed as 'Inspire a generation'

April 19th, 2012 |

In Britain the official London 2012 motto has been revealed as 'Inspire a generation'.

Wisden Cricketers' Almanack expresses fears about future of international cricket

April 14th, 2012 |

‘Wisden Cricketers' Almanack’ (Wisden) expressed severe fears in its latest edition about the future of international cricket. It also criticised India for the slow death of Test matches.

In its 149^th edition, Lawrence Booth, the youngest editor of Wisden at 37, has held that international cricket "stands at a precipice" due to the ever-growing popularity of the Twenty20 format of Cricket. He held that held the Indian officials (BCCI) and the lucrative IPL (Indian Premier League) are responsible for the current state of International Test cricket.

As per him the disintegration of India's celebrated batting lineup has co-occurred with the rise of a Twenty20-based nationalism, the growth of private marketeers and high level conflicts of interest.

What is Wisden Cricketers' Almanack?

Shiva Thapa becomes youngest Indian boxer to make cut for Olympics

April 12th, 2012 |

The 18-year old Assam’s Shiva Thapa (56kg) has become the youngest Indian boxer to make the cut for the Olympics. In Astana, Kazakhstan, he defeated Japan's Satoshi Simizu to enter the final and book himself a London berth.

Current Affairs in Sports Category

Indian Boxer Vijender Singh qualifies for London Olympics

April 10th, 2012 |

Vijender Singh of India qualified for the London Olympics in the 75 kg category by reaching the semi-final of the Asian Olympic qualifier, at Astana in Kajakhstan. Vijender Singh is the first Indian boxer to qualify for the Olympics for the third time in succession.

April 3rd, 2012 |

(*Rupert Murdoch remember ??? He is the same person who was in news in July 2011 when he faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faced police and government investigations into bribery and corruption in the UK and FBI investigations in the US.)

In 2009, News Corporation restructured STAR Asia into four units – STAR India, STAR Greater China, STAR Select and Fox International Channels Asia.

Sher-e-Punjab wins the inaugural edition of the World Series Hockey tournament

April 3rd, 2012 |

Sher-e-Punjab has won the inaugural edition of the World Series Hockey tournament. In the final match Sher-e-Punjab defeated Pune Strykers at the MHA Mahindra Stadium in Mumbai.

Geeta created history by becoming the first Indian female wrestler to have qualified for the Olympics following her winning a gold medal in the Asian Qualifying Tournament in Astana, Kazakhstan. She defeated G Yuun Yum of Korea in the 55kg category. Both the gold and silver medalists from the Asian qualifying event got a ticket to the London Games.

This is the first time an Indian female grappler has qualified for the Olympics since women's wrestling was introduced in the quadrennial extravaganza in 2004. Apart from Geeta, male wrestlers Amit Kumar (55kg) and Yogeshwar Dutt (60kg) had earlier qualified for the London Olympics by clinching a gold and silver medal respectively at the Asian Qualifying event. But the fancied Sushil Kumar was unable to make the cut.

Miami Open Tennis tournament: Results (50th Doubles Title for Paes)

Poland's Agnieszka Radwanska wins Women's Singles title

Poland's Agnieszka Radwanska won the Women's Singles title. In the finals, she defeated Russia's Maria Sharapova.

Russian pair Maria Kirilenko and Nadia Petrova wins Women's Doubles title

Meanwhile, the Russian pair of Maria Kirilenko and Nadia Petrova won the Women's Doubles title. They defeated the Italian duo of Sara Errani and Roberta Vinci.

India's Leander Paes, Czech Radek Stepanek win doubles title

India's Leander Paes, Czech Radek Stepanek win doubles at the Men's Doubles title in the Miami Open Tennis tournament at Florida. In the title clash, they defeated the Belarusian-Canadian combine of Max Mirnyi and Daniel Nestor.

Indo-Czech duo of Leander Paes and Radek Stepanek had won the Australian Open earlier this year. Paes became the 24^th player in ATP World Tour history to win 50 doubles titles.

Serbian Novak Djokovic wins Men's Singles title

Serbia's World Number One Novak Djokovic won the Men's Singles title. In the finals he defeated fourth seeded Briton Andy Murray.

Current Affairs in Sports Category

Lalit Modi loses libel case, has to pay 90,000 pounds to Chris Cairns

Former New Zealand all-round Cricketer Chris Cairns was relieved after winning a libel suit against axed IPL Commissioner Lalit Modi, who had accused him of match-fixing. Chris Cairns held the London High Court's verdict has lifted a "dark cloud" that has been over him for the past two years. Modi will have to pay 90,000 pounds (app Rs 73 lakh) in damages to the all-rounder but the embattled administrator has decided to appeal against the judgement. After hearing the arguments from both sides in a nine-day trial, Justice David Bean of the London High Court ruled in favour of Cairns.

Mary Kom (Five-time world champion) and Sarita Devi clinched gold medals in the 6^th Asian Boxing Championships in Ulaanbaatar, Mongolia, helping India finish a creditable second in the overall standings. Whilst Mary Kom overcame current world champion and Asian Games gold medallist Ren Cancan of China 14/8 in the 51kg category, Sarita Devi in 60kg category, overcame Chorieva Mavzuna of Tajkistan 16-9. With 2 gold medals, 4 silver and two bronze, India finished runners-up behind China.

Ireland beat Namibia to qualify for World T20

Ireland became the second team to qualify for the ICC World Twenty20 Sri Lanka after beating Namibia by nine wickets in the second final of the Qualifiers at the Dubai International Cricket Stadium (DICS). Afghanistan has already qualified for the tournament.

Afghanistan qualifies for ICC World Cup Twenty 20

Afghanistan qualified for the World Cup Twenty 20 tournament to be held in Srilanka in 2012. Afghanistan defeated Namibia by 47 runs in their qualifying match at Dubai International Cricket Stadium.

26th Northeast Games kicked off in Mizoram

The 26th Northeast Games kicked off in the hilly state of Mizoram at the newly constructed Rajiv Gandhi Stadium in the state capital Aizawl. The theme of the games, being hosted by Mizoram third time, is‘Unity through Sports’.

Current Affairs in Sports Category

Govt launches special website for London Olympics 2012

Government launched a special website called,OPEX London 2012 (Operation Excellence London 2012), for upcoming London Olympics game. The website to have full information regarding Indian players participating in the game in various disciplines, detail of coaches, international exposure and national and international coaching camps which are being conducted. The objective is to create more transparency in the functioning of authorities involved in the preparedness of the Olympics.

Victoria Azarenka bags women’s singles title in the BNP Paribas Open Tennis tournament, California.

World Number One Victoria Azarenka of Belarushas won the Women’s Singles title in the BNP Paribas Open tennis tournament at the Indian Wells in California. She defeated Russia’s Maria Sharapova 6-2, 6-3.

Top-seeded Americans Liezel Huber and Lisa Raymond kept up their incredible run, winning their fourth straight title and 16th straight match with a 6-2, 6-3 victory over No. 2 seeds Sania Mirza and Elena Vesnina in the BNP Paribas Open women's doubles final.

Roger Federer wins men’s singles title at the BNP Paribas Open Tennis tournament, California.

Switzerland’s Roger Federer won the Men’s Singles title in the BNP Paribas Open tennis tournament at the Indian Wells in California. Third seed Roger Federer defeated John Isner of the United States in straight sets, 7-6, 6-3. Roger Federer became the first player to bag the BNP Paribas Open for the fourth time. Federer, thus equaled Rafael Nadal’s record of 19 ATP World Tour Master’s 1000 titles.

In the Men’s Doubles title the Spanish duo of Rafael Nadal and Marz Lopez defeated the American pair of John Isner and Sam Querrey 6-2, 7-6 in the finals.

North Korea wins AFC Challenge Cup 2012 Football

North Korea won the AFC Challenge Cup 2012 Football Championships. North Korea defeated Turkmenistan 2-1 in the final at Kathmandu’s Dashrath Stadium.

Thus, North Korea is now through to the Asia Cup 2015 to be held in Australia.

Current Affairs in Sports Category

West Bengal lifts Vijay Hazare Cricket Trophy 2012

West Bengal lifted the Vijay Hazare Cricket Trophy (also known as the Ranji One Day Trophy) 2012. In the final they beat Mumbai by 6 wickets at the Feroz Shah Kotla-Delhi.

For Bengal, it was their maiden title win in the tournament and it was also Ganguly's maiden national title as Bengal captain having made his first-class debut way back in 1990.

Vijay Hazare Trophy was started in 2002-03 as a limited-over domestic competition involving state teams from the Ranji Trophy plates.

It is named after the famous Indian cricketer Vijay Hazare. Tamil Nadu have won the trophy maximum (4) times.

Formula One team Marussia appoints female test driver ‘Maria De Villota’

Formula One team Marussia have appointedSpaniard Maria De Villota, an experienced racer in women's autosport, as one of their test drivers. A day before International Women's Day, the Russian outfit announced that De Villota, the daughter of former F1 driver and British Formula One series champion Emilio de Villota, would be joining their set-up. De Villota has raced in a variety of single-seater and sports car categories, including Spanish F3, the Daytona 24 Hours, the Euroseries 3000 and Superleague Formula Championship.

Two women have previously raced in Formula 1: Italians Maria Teresa de Filippis, who competed in three races in 1958, coming 10th in the Belgian Grand Prix, and Lella Lombardi, who drove in the mid-1970s. She came sixth in the 1975 Spanish Grand Prix. Britain s Divina Galica in 1976 and 1978; South African Desire Wilson in 1980; and Giovanna Amati, of Italy, in 1992 have also driven in Formula One but failed to qualify.,

Rahul Dravid declared retirement from international Cricket. Dravid ended his Test career with 13,288 runs in 164 matches with 36 hundreds and 63 half centuries at an average of 52.31. The 270 against Pakistan is Dravid's highest score. He scored 10,889 runs from 344 ODIs with 12 centuries and 83 half centuries at an average of 39.16. He captained India in 25 Tests and 79 ODIs. Dravid also holds the world record of highest Test catches -- 210. The 39-year-old Dravid became the first of the three ageing greats of Indian cricket, besides Sachin Tendulkar and VVS Laxman, to retire in the aftermath of India's disastrous Test tour of Australia. Dravid was synonymous with “Wall” of Indian Cricket.

ODI CAREER

§ Scored 10,889 runs from 344 matches

§ ODI debut on April 3, 1996 against Sri Lanka

§ Last ODI on September 16, 2011 against England

§ Has made 12 centuries in ODIs

§ Top scorer at the 1999 World Cup in England with 461 runs

Banking and Financial Awareness

2012-10-13T05:21:00.001-07:00

Banking and Financial Awareness
1. GDP – Gross Domestic Product.
2. NBFC – Non banking finance company.
3. Bear and Bulls related to – Stock Market.
4. SDR (Special Drawing Rights) issued by – IMF.
5. Chairman of 13^th finance commission – Vijay Kelkar.
6. Financial Inclusion (वित्तीय समावेशन)-- Banking services to rural people termed.
7. The details of the companies financial position in the annual report of a company is known as – balance sheet.
8. Insurance companies regulate in India – IRDA (Insurance Regulatory Development Authority).
9. The financial body which frames Monetary and Financial policy in India – RBI.
10. RBI says Rupee Over valued, what it means -- The rupee has lost only against the dollar but appreciated against other currencies.
11. Which committee recommended the hike of petrol and diesel prices – Kirit Parekh Committee.
12. For preventing frauds and counterfeiting in a bank, RBI has proposed a scheme called – Know Your Customer (KYC).
13. Organization deals with Fertilizer industry – IFFCO (Indian Farmers Fertiliser Cooperative Limited).
14. FCCB stand for - Foreign Currency Convertible Bond.
15. MAT stand for – Minimum Alternate Tax.
16. Monetary Policy include - CRR and SLR.
17. SME – Small and Medium Enterprises.
18. Foreign exchanges are done in – US Dollars.
19. Home loans are given to – Individuals.
20. SME loans are given to – ALL Small Scale Industries(SSI).
21. FCRA – Foreign Contribution Regulation Act.
22. APEC – Asia Pacific Economic Cooperation.
23. NPA – Non Performing assets
24. Basel II norms – Maintaining Capital Adequate ratio
25. POS – Point of sale
26. ECS – Electronic Clearing system
27. The exchange of goods between the two or more countries is known as - FTA(Free Trade Agreement).
28. RBI has kept Emergency Fund facility for which of the following banks –Urban Co-operative banks
29. Full form of TPF– Trade policy Forum.
30. Credit Rating agency in India – CRISIL
31. Stocks and bonds are trade – Capital Market
32. Service Tax is Shared by – Central Government.
33. FTA released by – Ministry of Commerce & Industry
34. Reverse Mortgage scheme is related to – For Senior Citizens
35. First to start Mutual Fund trading on BSE – UTI Mutual Fund.
36. IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).
37. World Investment Report released by – UNCTAD.
38. NCDEX (National Commodity and Derivatives Exchange) commodity stock exchange is headquartered—Mumbai
39. NABARD(National Bank for Agriculture and rural development bank ) is headquartered – Mumbani
40. ADB (Asian Development Bank ) is headquartered – Manila
41. POS -- Point of Scale
42. VAT stands for -- Value Added Tax
43. GST : Good and Service Tax.
44. Who issue & regulate currency -- RBI
45. NEFT full form -- National Electronic Fund Transfer.
46. Full form of LLP – Limited Liability Partnership.
47. Max limit for RTGS (Real Time Gross Settlement) - No limit.
48. Which bank can accept deposit -- commercial bank
49. Insurance services given by banks are called – Bancassurance.
50. Bank are connected to all banking network -- Core Banking Solution.
51. Financial inclusion is -- Banking facilities to all of them whom not has provided as yet.
52. Who has maximum share in nationalized Bank -- Govt of India.
53. Demat account use for -- for shares trading in electronic form.
54. RTGS minimum threshold limit recently raised to – 2 lac
55. Govt. sharehold in public sector banks cant be below –51%
56. How many villages are to be covered in next 5yrs under Financial inclusion --73,000.
57. NEFT system uses which codes -- IFS Codes.
58. KYC procedure requires -- ID & address proof of the customer
59. Self Help groups means -- Self-Help Groups are prime platform for social mobilization of women and creating awareness about legal and political rights.
60. Reverse mortgage loan -- Finance given to senior citizens against residential houses/flats.
61. Fastest inter bank transfer is by -- RTGS.
62. ASBA -- Application Supported by Blocked Amount.
63. SLR -- The minimum reserves each bank must hold to customer deposits and notes.
64. FINO -- Financial Inclusion Network and Operations.
65. Deepak Mohanti committee is related to -- Base rate.
66. The Govt. And the Rbi had set a target to cover 73000 villages having population in excess of 2000 to provide access to banking services, by march2012. Scheme name is -- SWABHIMAN
67. C.A.G. -- Comptroller and Auditor General
68. Rights issue mean -- Sale of securities to existing share holders
69. Secondary Market regulated by – SEBI
70. Expand NOHC -- Non-Operative Holding Company
71. World's largest bank by profit – ICBC (Insurance Corporation of British Columbia)
72. CDSL means -- Central Depository Services Limited
73. NSDL means -- National Securities Depository Limited
74. ETF stands for -- Exchange Traded Fund
75. Core banking means – Connectivity of branches, ATM and online systems of all branches.
76. The Foreign Exchange Reserve of India are kept in the custody of -- Reserve Bank of India.
77. Plastic money -- Credit Card, Debit Card
78. PPP means : purchasing power parity.
79. N.A.V. – Net Assets Value.
80. Controlling & regulate Share market : SEBI (Security Exchange Board of India).

2012-10-13T01:44:00.001-07:00

Important Banking Terms

2012-10-12T11:03:00.002-07:00

RBI – The Reserve Bank of India is the apex bank of the country, which was constituted under the RBI Act, 1934 to regulate the other banks, issue of bank notes and maintenance of reserves with a view to securing the monetary stability in India.

Demand Deposit – A Demand deposit is the one which can be withdrawn at any time, without any notice or penalty; e.g. money deposited in a checking account or savings account in a bank.

Time Deposit – Time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term.

Fixed Deposits – FDs are the deposits that are repayable on fixed maturity date along with the principal and agreed interest rate for the period. Banks pay higher interest rates on FDs than the savings bank account.

Recurring Deposits – These are also called cumulative deposits and in recurring deposit accounts, a certain amounts of savings are required to be compulsorily deposited at specific intervals for a specified period.

Savings Account – Savings account is an account generally maintained by retail customers that deposit money (i.e. their savings) and can withdraw them whenever they need. Funds in these accounts are subjected to low rates of interest.

Current Accounts – These accounts are maintained by the corporate clients that may be operated any number of times in a day. There is a maintenance charge for the current accounts for which the holders enjoy facilities of easy handling, overdraft facility etc.

FCNR Accounts – Foreign Currency Non-Resident accounts are the ones that are maintained by the NRIs in foreign currencies like USD, DM, and GBP etc. The account is a term deposit with interest rates linked to the international rates of interest of the respective currencies.

NRE Accounts – Non-Resident External accounts are the ones in which NRIs remit money in any permitted foreign currency and the remittance is converted to Indian rupees for credit to NRE accounts. The accounts can be in the form of current, saving, FDs, recurring deposits. The interest rates and other terms of these accounts are as per the RBI directives.

Cheque Book - A small, bound booklet of cheques. A cheque is a piece of paper produced by your bank with your account number, sort-code and cheque number printed on it. The account number distinguishes your account from other accounts; the sort-code is your bank's special code which distinguishes it from any other bank.

Cheque Clearing - This is the process of getting the money from the cheque-writer's account into the cheque receiver's account.

Clearing Bank - This is a bank that can clear funds between banks. For general purposes, this is any institution which we know of as a bank or as a provider of banking services.

Bounced Cheque - when the bank has not enough funds in the relevant account or the account

holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder.

Credit Rating - This is the rating which an individual (or company) gets from the credit industry. This is obtained by the individual's credit history, the details of which are available from specialist organisations like CRISIL in India.

Credit-Worthiness - This is the judgement of an organization which is assessing whether or not to take a particular individual on as a customer. An individual might be considered credit-worthy by one organisation but not by another. Much depends on whether an organization is involved with high risk customers or not.

Interest - The amount paid or charged on money over time. If you borrow money interest will be charged on the loan. If you invest money, interest will be paid (where appropriate to the investment).

Overdraft - This is when a person has a minus figure in their account. It can be authorized (agreed to in advance or retrospect) or unauthorized (where the bank has not agreed to the overdraft either because the account holder represents too great a risk to lend to in this way or because the account holder has not asked for an overdraft facility).

Payee - The person who receives a payment. This often applies to cheques. If you receive a cheque you are the payee and the person or company who wrote the cheque is the payer.

Payer - The person who makes a payment. This often applies to cheques. If you write a cheque you are the payer and the recipient of the cheque is the payee.

Security for Loans - Where large loans are required the lending institution often needs to have a guarantee that the loan will be paid back. This takes the form of a large item of capital outlay (typically a house) which is owned or partly owned and the amount owned is at least equivalent to the loan required.

Internet Banking - Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by the bank.

Credit Card - A credit card is one of the systems of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services.

Debit Card – Debit card allows for direct withdrawal of funds from customers bank accounts. The spending limit is determined by the available balance in the account.

Loan - A loan is a type of debt. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. There are different kinds of loan such as the house loan, auto loan etc.

Bank Rate - This is the rate at which central bank (RBI) lends money to other banks or financial institutions. If the bank rate goes up, long-term interest rates also tend to move up, and vice-versa.

CRR - Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.

SLR - SLR stands for Statutory Liquidity Ratio. This term is used by bankers and indicates the minimum percentage of deposits that the bank has to maintain in form of gold, cash or other approved securities. Thus, we can say that it is ratio of cash and some other approved to liabilities (deposits). It regulates the credit growth in India.

ATM - An automated teller machine (ATM) is a computerised telecommunications device that provides the clients with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip, that contains a unique card number and some security information such as an expiration date or CVV. Authentication is provided by the customer entering a personal identification number (PIN)

REPO RATE: - Under repo transaction the borrower places with the lender certain acceptable securities against funds received and agree to reverse this transaction on a predetermined future date at agreed interest cost. Repo rate is also called (repurchase agreement or repurchase option).

REVERSE REPO RATE: - is the interest rate earned by the bank for lending money tothe RBI in exchange of govt. securities or "lender buys securities with agreement to sell them back at a predetermined rate".

CASH RESERVE RATIO: - specifies the percentage of their total deposits the commercial bank must keep with central bank or RBI. Higher the CRR lower will be the capacity of bank to create credit.

SLR: - known as Statutorily Liquidity Ratio. Each bank is required statutorily maintain a prescribed minimum proportion of its demand and time liabilities in the form of designated liquid asset.

"Every bank has to maintain a percentage of its demand and time liabilities by way of cash, gold etc".

BANK RATE: - is the rate of interest which is charged by RBI on its advances to commercial banks. When reserve bank desires to restrict expansion of credit it raises the bank rate there by making the credit costlier to commercial bank.

OVERDRAFT:- It is the loan facility on customer current account at a bank permitting him to overdraw up to a certain agreed limit for a agreed period ,interest is payable only on the amount of loan taken up.

PRIME LENDING RATE: It is the rate at which commercial banks give loan to its prime customers.

Famous Indian Authors and Books

2012-10-12T10:46:00.004-07:00

Famous Indian Authors and Books

S.No.	Name of Author	Books/Novels
1.	Aravind Adiga	1. The White Tiger 2. Between the Assassinations
2.	Arundhati Roy	1. The God of Small Things 2. Listening To Grass Hoppers: Field Notes on 3. Democracy
3.	Anita Desai	1. Village by the Sea 2. The Peacock 3. Voices of the City 4. Fire on the Mountain 5. Clear Light of Day 6. In Custody 7. Fasting Feasting
4.	Bankim Chandra Chatterjee	1. Anand Math 2. Brishbikkha 3. Kapalkundala 4. Nandini 5. Mrinalini 6. Vishbriksha 7. Chandrasekhar 8. Rajani 9. Rajsimha 10. Devi Chaudhurani
5.	Chetan Bhagat	1. 3 Mistakes of my Life 2. One Night @ the Call Center 3. Five Point Someone 4. 2 States
6.	Jhumpa Lahiri	1. The Namesake 2. Interpreter Of Maladies 3. Unaccustomed Earth
7.	Khushwant Singh	1. We, Indians 2. Train to Pakistan 3. Women and Men in My Life 4. Bride for the Sahib and Other Stories 5. Love, Truth and A Little Malice
8.	Kiran Desai	1. The Inheritance of Loss 2. Hullabaloo in the Guava Orchard 3. The Loneliness of Sonia and Sunny
9.	Mulk Raj Anand	1. Bubble 2. Coolie 3. Prince 4. Utouchable 5. The Village 6. Lost Child 7. Morning Face 8. Seven Summers 9. Across the Black Waters 10. The Sword and the Sickle 11. The Private Life of an Indian 12. Bridge’s Book of Beauty 13. Confessions of a Lover
10.	R.K. Narayan	1. Malgudi Days 2. The Guide 3. The Dark Room 4. The Bachelor of Arts 5. The English Teacher 6. The Financial Expert 7. The Man-Eater of Malgudi 8. The Vendor of Sweets 9. The Grandmother’s Tale
11.	Rabindranath Tagore (well known as “Gurudev”)	1. Lipika 2. Chitra 3. Chandalika 4. Court Dancer 5. Crescent Moon 6. Gitanjali 7. Kabi Kahini 8. Post Office
12.	Salman Rushdie	1. Shame 2. East West 3. Jaguar Smile 4. Moor’s Last Sigh 5. The Satanic Verses 6. Midnight’s Children 7. Shalimar The Clown
13.	Shobha De (often known as India’s Jackie Collins)	1. Sisters 2. Spouse 3. Snapshots 4. Sultry Days 5. Starry Nights 6. Surviving Men 7. Small betrayals 8. Second Thoughts 9. Socialite Evenings 10. Selective Memory
14.	Premchand / Munshi Premchand (Real Name: Dhanpat Rai Srivastava)	1. Idgah 2. Kafan 3. Gaban 4. Godaan 5. Nirmala 6. Poos Ki Raat 7. Udhar Ki Ghadi 8. Soz-e-Watan 9. Shatranj Ke Khiladi 10. Bade Ghar Ki Beti 11. Panch Parameshvar 12. Namak Ka Daroga
15.	V.S. Naipaul (Sir Vidiadhar Surajprasad Naipaul)	1. Beyond Belief 2. Guerrillas 3. Half a Life 4. A Bend In the River 5. Magic Seeds 6. An Area Of Darkness 7. A Way In the World 8. A House For Mr Biswas 9. Among the Believers 10. The Mystic Masseur 11. The Mimic Men 12. The Loss Of El Dorado 13. In a Free State 14. The Middle Passage 15. Finding the Center 16. India – a Million Mutinies Now 17. India – a Wounded Civilization
16.	Vikram Seth	1. The Golden Gate 2. A Suitable Boy 3. Arion and The Dolphin 4. An Equal Music 5. From Heaven Lake: Travels 6. Through Sinkiang and Tibet 7. Two Lives

2012-10-12T07:04:00.002-07:00

CWE Exam 2012 – Online Application for Clerks in 20 Public Sector Banks:

Institute of Banking Personnel Selection – IBPS has asking online applications from qualified and eligible candidates for filling up of the Clerical Cadre vacancies in 20 Public Sector Banks. Those who are eligible candidates have to apply through online from 15-10-2012 to 05-11-2012. The details regarding age limit, educational qualification, application fee details, how to apply and other details of CWE Exam is given below…

IBPS Conducting a Common Written Examination (CWE) for selection of personnel for Clerical Cadre Vacancies in the following Public Sector Banks mentioned below.

Participating Banks:

Allahabad Bank	Indian Overseas Bank
Andhra Bank	Oriental Bank of Commerce
Bank of Baroda	Punjab National Bank
Bank of India	Punjab & Sind Bank
Bank of Maharashtra	Syndicate Bank
Canara Bank	Union Bank of India
Central Bank of India	United Bank of India
Corporation Bank	UCO Bank
Dena Bank	Vijaya Bank
Indian Bank	IDBI Bank

Each of the Banks will issue individual recruitment notifications, details of vacancies, eligibility criteria etc separately, IBPS score card holders may apply for these vacancies for each bank when they are advertised recruitment notification.

Cuttoff Score: Candidate will have to secure a minimum score in each of the tests to qualify in the written test.

CWE Score Card: IBPS issue a score cards for each of the qualifying candidates in Common written exam and will send score card by Registered or speed post to each candidate at the mail address.

Validity of CWE Score Card: IBPS Score cards will be valid for one year from the date of issue.

CWE Exam Details:
Name of the Post: Clerical Cadre.

Age limit: The candidate’s age limit is minimum 20 years and maximum 28 years as on 01-10-2012, age relaxation as per rules.

Educational qualification:
1. Degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.
2. Computer literacy: Operating and working knowledge in computer systems is mandatory.
3. Proficiency in the Official Language of the State/UT for which vacancies a candidate wishes to apply is preferable.

Application Fee: Rs. 400/- for general candidates and Rs. 50/- for SC/ST/PWD/EXSM candidates. Fee must be paid through online mode or offline mode.

Selection procedure: Candidates will be selected on the basis of Online Exam conducted by Institute of Banking Personnel Selection.

How to apply: The eligible and qualified candidates have to apply through online from the www.ibps.in website between 15-10-2012 to 05-11-2012. No other mode of application will be accepted. The candidates follow the user guideline and instructions at the time of online apply.

Instructions for online apply:
1. Before apply online candidates scan their photograph and signature.
2. Candidates have a valid personal e-mail ID, incase candidate does not have a valid personal e-mail ID, they should create new e-mail ID, before applying online, because all the details send to the e-mail ID.
3. Candidates ready to keep the application fee details, incase of cash payment through NEFT branches of any of the 20 public sector banks, candidates keep the necessary details and documents in order to make online payment.
4. Candidates are first required to go to the website www.ibps.in and click on the home page to open link Common Written Examination (Clerks).
5. Candidates are ready to apply online by clicking on the option Click Here to Apply Online for CWE – Clerical Cadre to open up the online application form.
6. The application format consists of two pages, in-case candidates are remitting their application fees through NEFT and incase of payment of fees through online mode the application format will consist of three pages.
7. Candidates should carefully fill in the details in the online application form at the appropriate places and click on the submit button at the end of page 1 of the online application form.
8. Candidates are required to upload their photograph and signature as per instructions at page 2 online application.
9. After upload the photograph and signature, incase of candidates who have paid the requisite application fee through NEFT, a registration number and password will be generated, candidates should note down the registration number and password for future reference (OR) incase candidates pay the fee through online payment gateway after the upload of photograph and signature page 3 of the application form is displayed.
10. After submission of online application candidates should note down the registration number and password for future reference and use.
11. After successfully submission of online application candidates should immediately take a print out of the system generated online application form for future reference.
12. No Acknowledgement will be given for online registration, however registration number and password will be generated and an e-mail/Sms intimation will be sent to the candidates. E-mail ID/Mobile no. specified in the online application form.
13. If candidates do not receive the e-mail and Sms intimations at the e-mail ID/Mobile number specified by them they may consider that their online application has not been successfully registered
14. Online application which is incomplete in any respect such as without the photograph and signature uploaded in the online application form will not be considered valid.

Important dates:
Start date for Online Registration 15-10-2012
Online Payment of Application Fees 15-10-2012 to 05-11-2012
Offline Payment of Application Fees 17-10-2012 to 09-11-2012
Last date for Online Registration 05-11-2012
Download of Call letter for Examination After 03-12-2012

For more details regarding age limit, educational qualification, pay scale, how to apply, selection process, no. of posts, examination centers and pattern, application fee, closing date for online registration and other details of CWE Exam is available at given below link

www.ibps.in

Some Economic , Banking and Financial Terms for all non - commerce backgound candidates :

2012-05-15T04:01:00.003-07:00

Some Economic , Banking and Financial Terms for all non - commerce backgound candidates :

Active Market

This is a term used by stock exchange which specifies the particular stock or share which deals in frequent and regular transactions. It helps the buyers to obtain reasonably large amounts at any time.

Administered Price

The administrative body e.g., the government a marketing board or a trading group determines this price. The competitive market force are not entitled to determine this price. The government fixes a price in accordance with demand supply portion in the market.

Ad-valorem TaxAd-valorem tax is a kind of indirect tax in which goods are taxed by their values. In the case of ad-volorem tax, the tax amount is calculated as the proportion of the price of the goods. Value added Tax (VAT) is an ad-volorem Tax.

Advanced Countries

Advanced countries are countries which are industrially advanced, having high national and per capita income and ensure high rate of capital formation. These countries possess highly developed infrastructure and apply most updated and advanced technical know-how in their productive activities. A strong and well organised financial structure is found in these advanced countries.

Amalgamation

It means ‘merger’. As and when necessity arises two or more companies are merged into a large organisation. This merger takes place in order to effect economies, reduce competition and capture market. The old firms completely lose their identity when the merger takes place.

Appreciation

Appreciation means an increase in the value of something e.g., stock of raw materials or manufactured goods. It also includes an increase in the traded value of a currency. It is the antonym of Depreciation. When the prices rise due to inflation, appreciation may occur. It causes scarcity or increase in earning power.

Arbitrage

When a person performs functions of middle man and buys and sells goods at a particular time to cash the price differences of two markets, this action is termed as arbitrage. Purchases are made in the market where price is low and at the same time, goods are sold in other market where the price are high. Thus the middleman earns profit due to price difference in two markets.

Arbitration

Where there is an industrial dispute, the Arbitration comes to the force. The judgement is given by the Arbitrator. Both the parties have to accept and honour the Arbitration. Arbitration is the settlement of labour disputes that takes place between employer and the employees.

Auction

When a commodity is sold by auction, the bids are made by the buyers. Whose ever makes the highest bid, gets the commodity which is being sold. The buyers make the bid
taking into consideration the quality and quantity of the commodity.

Autarchy

If a country is self-sufficient, it does not require the imports for the country. Autarchy is an indicator of self-sufficiency. It means that the country itself can satisfy the needs of its population without making imports from other countries.

Automation

Automation means the use of machinery & technology to replace the labour’s work. Automation increases the demand of skilled workers. Unskilled and semiskilled workers are reduced as a result of automation.

Balanced Budget

When the total revenue of the government exactly equals the total expenditure incurred by the government, the budget becomes a balanced budget. But it is a conservative view point. In present days, the welfare government has to regulate a number of economic and social activities which increase the expenditure burden on the government and results in deficit budget.

Balance of Payment

Balance of payment of a country is a systematic record of all economic transactions completed between its residents and the residents of remaining world during a year. In other words, the balance of payment shows the relationship between the one country's total payment to all other countries and its total receipts from them. Balance of payment is a comprehensive term which includes both visible and invisible items. Balance of payment not only include visible export and imports but also invisible trade like shipping, banking, insurance, tourism, royalty, payments of interest on foreign debts.

Balance of Trade

Balance of trade refers to the total value of a country's export commodities and total value of imports commodities. Thus balance of trade includes only visible trade i.e., movement of goods (exports and imports of goods). Balance of trade is a part of Balance of payment statement.

Balance Sheet

Balance sheet is a statement showing the assets and liabilities of a business at a certain date. Balance sheet helps in estimating the real financial situation of a firm.

Bank

Bank is a financial institution. It accepts funds on current and deposit accounts. It also lends money. The bank pays the cheques drawn by customers against current and deposits accounts. The bank is a trader that deals in money and credit.

Bank Draft

Banker's draft is a negotiable claim drawn upon a bank. Drafts are as good as cash. The drafts cannot be returned and unpaid. Draft is issued when a customer shows his unwillingness to accept cheque in payment for his services or mercantile goods. Bank Draft is safer than a cheque.

Bank Rate

Bank Rate is the rate of discount at which the central bank of the country discounts first class bills. It is the rate of interest at which the central bank lends money to the lower banking institutions. Bank rate is a direct quantitative method of credit control in the economy.

Bilateralism

It implies an agreement between two countries to extend to each other specific privileges in their international trade which are not extended to others.

Birth Rate

Birth Rate (or Crude Birth Rate) is number of the births per thousand of the population during a period, usually a year. Only live births are included in the calculation of birth rate.

Black Money

It is unaccounted money which is concealed from tax authorities. All illegal economic activities are dealt with this black Money. Hawala market has deep roots with this black money. Black money creates parallel economy. It puts an adverse pressure on equitable distribution of wealth and income in the economy.

Blue Chip

It is concerned with such equity shares whose purchase is extremely safe. It is a safe investment. It does not involve any risk.

Blue Collar Jobs

These Jobs are concerned with factory. Persons who are unskilled and depend upon manual jobs that require physical strain on human muscle are said to be engaged in Blue Collar Jobs. In the age of machinery, such Jobs are on the decline these days.

Brain-Drain

It means the drift of intellectuals of a country to another country. Scientists, doctors and technology experts generally go to other prominent countries of the world to better their lot and earn huge sums of money. This Brain-Drain deprives a country of its genius and capabilities.

Bridge Loan

A loan made by a bank for a short period to make up for a temporary shortage of cash. On the part of borrower, mostly the companies for example, a business organization wants to install a new company with new equipments etc. while his present installed company / equipments etc. are not yet disposed off. Bridge loan covers this period between the buying the new and disposing of the old one.

Budget

It is a document containing a preliminary approved plan of public revenue and public expenditure. It is a statement of the estimated receipt and expenses during a fixed period, it is a comparative table giving the accounts of the receipts to be realized and of the expenses to be incurred.

Budget Deficit

Budget may take a shape of deficit when the public revenue falls short to public expenditure. Budget deficit is the difference between the estimated public expenditure and public revenue. The government meets this deficit by way of printing new currency or by borrowing.

Bull

Bull is that type of speculator who gains with the rise in prices of shares and stocks. He buys share or commodities in anticipation of rising prices and sells them later at a profit.

Bull Market

It is a market where the speculators buy shares or commodities in anticipation of rising prices. This market enables the speculators to resale such shares and make a profit.

Buoyancy

When the government fails to check inflation, it raises income tax and the corporate tax. Such a tax is called Buoyancy. It concerns with the revenue from taxation in the period of inflation.

Business Cycle

Business cycle (also known as trade cycle) are species of fluctuations in the economic activity of organised communities. It is composed of period of good trade characterised
by rising prices and low unemployment, alternating with period of bad trade characterised by falling prices and high unemployment. Every trade cycle have five different subphases–depression, recovery, full employment, prosperity (boom) and recession.

Call Money

Call money is in the form of loans and advances which are payable on demand or within the number of days specified for the purpose.

Capital Budgeting

Capital budgeting represents the process of preparing budget for a period of a year or even for several years allocating capital outlays for the various investment projects. In other words, it is the process of budgeting capital expenditure by means of an annual or longer period capital budget.

Capital-labour Ratio

Latest models of machinery and equipment raise the labour efficiency and the output is maximized. Capitallabour ratio is the amount of capital against the given labours that a firm employs. Capital-labour ratio is the ratio of capital to labour.

Capital Market

Capital market is the market which gives medium term and long term loans. It is different from money market which deals only in short term loans.

Capitalism

Capitalism is an economic system in which all means of production are owned by private individuals Selfprofit motive is the guiding feature for all the economic activates under capitalism. Under pure capitalism system economic conditions are regulated solely by free market forces. This system is based on ‘Laissez-faire system’ i.e., no state intervention. Sovereignty of consumer prevails in this system. Consumer behaves like a king under capitalism.

Cash Reserve Ratio (CRR)

The commercial banks are required to keep a certain amount of cash reserves at the central bank. This percentage amount is called CRR. It influences the commercial bank’s volume of credit because variation in CRR affects the liquidity position of the banks and hence their ability to lend.

Census

Census gives us estimates of population. Census is of great economic importance for the country. It tells us the rate at which the total population is increasing among different age groups. In India census is done after every 10 years. The latest census in India has been done in 2001.

Central Bank

Central Bank may be defined as the apex barking and monetary institution whose main function is to control, regulate and stabilize the banking and the monetary system of the country in the national interest.

Cheque

Cheque is an order in writing issued by the drawer to a bank. If the customer has sufficient amount in his account, the cheque is paid by the bank. Cheques are used in place of cash money.

Clearing Bank

Clearing bank is one which settles the debits and credits of the commercial banks. Even of the cash balances are lesser, clearing bank facilitates banking operation of the commercial bank.

Clearing House

Clearing house is an institution which helps to settle the mutual indebtedness that occurs among the members of its organisation.

Closed Economy

Closed economy refers to the economy having no foreign trade (i.e., export and import). Such economies depend exclusively on their own internal domestic resources and have
no dependence on outside world.

Collusion

Producers of an industry reduce competition among themselves to raise their profits. They fix the price themselves with a clear understanding in this regard. This understanding among different firms is called collusion.

Coinage

Art and practice of making coins is called coinage. The metal is melted and moulded to shape into a coin. The coinage is a medium of exchange (money).

Collectivism

Collectivism is a belief that nation's interest is superior to individual interest. This is the collective thinking of the society and polity national leaders and also communist opine the theory of collection.

Commercial Bank

Commercial Bank is an institution of finance. It deals with the banking services through its branches in whole of the country. Operation of current accounts, deposits, granting of loans to individuals and companies etc. are various functions of the commercial bank.

CommunismCommunism is a political and economic system in which the state makes the major economic decision State owns the bulk of capital assets. Responsibility for production and distribution lies with the state in this system.

Core SectorEconomy needs basic infrastructure for accelerating development. Development of infrastructure industries like cement, iron and steel, petroleum, heavy machinery etc. can only ensure the development of the economy as a whole. Such industries are core sector industries.

Corporation Tax

It is a tax on company's profit. It is a direct tax which is calculated on profits after interest payments and allowance (i.e., Capital allowance) have been deducted but before dividends are allowed for.

Cost-push InflationIt arises due to an increase in production cost. Such type of inflation is caused by three factors : (i) an increase in wages, (ii) an increase in the profit margin and (iii) imposition of heavy taxation.

Credit RationingCredit rationing takes place when the banks discriminates between the borrowers. Credit rationing empowers the bank to lend to some and to refuse to lend to others. In this way credit rationing restricts lending on the part of bank.

Credit SqueezeMonetary authorities restrict credit as and when required. This credit restriction is called credit squeeze. Monetary authorities adopt the policy of credit squeeze to control inflationary pressure in the economy.

Custom DutyCustom duty is a duty that is imposed on the products received from exporting nations of the world. It is also called protective duty as it protects the home industries.

Cyclical UnemploymentIt is that phase of unemployment which appears due to the occurrence of the downward phase of the trade cycle. Such an employment is reduced or eliminated when the business
cycle turns up again.

Dear Money

Dear money is that money which can only be borrowed at a high rate of interest. In dear money policy, bank rate and other rates of interest are high and as a result borrowing becomes expensive. Dear money policy is deliberate policy which is adopted by the monetary authorities to check inflation in the economy.

Death Duty

It is a direct tax which is imposed on the estate of deceased person. Death duty or Death Tax is a form of personal tax on property which is levied when property passes from one person to other at the time of death of the former.

Death Rate

Death rate signifies the number of deaths in a year per thousand of the population. It is mostly known as crude death rate. Life expectancy is important determinant of death rate.
A country having high life expectancy will have a high crude death rate.

DecentralisationDecentralisation means the establishment of various unit of the same industry at different places. Large scale organisation or industry can not be run at one particular place or territory. In order to increase the efficiency of the industry, various units at different places are located.

Debt Service (Total)

The sum of principal repayments and interest actually paid in foreign currency, goods and services on longterm debt (having maturity of more than one year), interest paid on shortterm debt and repayments to IMF.

Deficit Financing

It is a practice resorted to by modern government of spending more money than it receives in revenue. It is a policy of bridging a deficit between governments expenditure and revenue. Deliberately budgeting for a deficit is called deficit financing. This practice was popularised by Prof. J. M. Keynes to deal with the depression and unemployment situations and to stimulate economic activity. Deficit financing, though having inflationary effects, has now become a common practice in all countries.

Deflation

Deflation is the reverse case of inflation. Deflation is that state of falling prices which occurs at that time when the output of goods and services increases more rapidly than the volume of money in the economy. In the deflation the general price level falls and the value of money rises.

Devaluation

The loss of value of currency of a country relative to other foreign currency is known as devaluation. Devaluation is a process in which the government deliberately cheapens the exchange value of its own currency in terms of other currency by giving it a lower exchange value. Devaluation is used for improving, the balance of payment situation in the country.

Direct Tax

A tax is said to be a direct tax when it is not intended to be shifted to anybody else. The person who pays it in the first instance is also excepted to bear it. Thus the impact and incidence of direct tax fall on the same person shifting of direct tax is not possible Income Tax is a example of direct tax.

Disinflation

It refers to a process of bringing down prices moderately from their high level without any adverse impact on production and employment. Thus, disinflation is an anti-inflationary measure.

DissavingDissaving occurs when expenditure exceeds income. Raising of loans or utilization of past accumulated savings takes place in such eventuality.

Dividend

Dividend is the amount which the company distributes to shareholders when the profits of the company are calculated by the board of directors.

Economic Integration

Economic integration appears when two or more nations coordinate themselves and their economies are linked up. It may exhibit itself in the form of free trade area or a full economic union. EEC is an example of economic integration.

Engel's Law

This law was formulated by Ernst Engel. This law states that, with given taste and preference, the portion of income spend on food diminishes as income increases. According to this law, smaller a person's income, the greater the proportion of it that he will spend on food and vice versa.

Estate DutyIt is a tax which is levied on the estate of a decreased person. It is also known as death duty. The ownership of state changes hands only after the payments of the estate duty. It is an progressive tax in nature.

Excise Duty

It is a tax which is imposed on certain indigenous production (e.g., petroleum products, cigarettes etc.) of the country. Excise duty may be imposed either to raise revenue or to check the consumption of the commodities on which they are imposed. Excise duty is progressive in nature.

Face ValueIt refers to that normal value of coin at which the coin circulates and is accepted in the discharge of debit or obligation. Broadly speaking, the face value refers to domination stamped on a coin / or documents when it is issued. In securities, it refers to par value.

Fascism

It is a form of political system. In it every economic consideration rests on one criterion—the increase in the people's standard of living. It also lays emphasis on military
strength and prestige of the country. It is the extreme nationalism and the ultimate goal is self-sufficiency.

Federal EconomyIt refers to a federation which is an association of two and more states. A federal state is a union of state in which authority is divided between the federal (or central) government and the state governments. In a federal economy both the centre and the states are independent in the exercise of this authority.

Fiduciary IssueGenerally bank-note are backed by gold. But when they are not backed by gold and government securities replace gold, it is called fiduciary issue. Such fiduciary issue results in inflation.

Fertility Rate

The term fertility refers to the actual bearing of children or ‘occurrence of births’. Fertility rate measures the average number of the live births per 1000 women. This rate is one of the most important and useful aids to population projection. It helps in assessing population trends in the economy.

Fiscal PolicyFiscal policy is that part of government economic policy which deals with taxation, expenditure, borrowing, and the management of public debt in the economy. Fiscal policy primarily concerns itself with the flow of funds in the economy. Fiscal policy primarily concerns itself with the flow of funds in the economy. It exerts a very powerful influence on the working of economy as a whole.

GEM

GEM (Gender Empowerment Measure) is a composite index measuring gender inequality in three basic dimensions of empowerment–economic participation and decision making, political participation and decision making, and power over economic resources.

GDI

GDI (Gender Related Development Index) is a composite index measuring average achievement in the three basic dimensions captured in the human development index–a long and healthy life, knowledge and a decent standard of living–adjusted to account for inequalities between men and women.

Gini-coefficientIt represents the measurement of inequality derived from the ‘Lorenz Curve,’ with every increase in the degree of inequality, the curvature of the Lorenz Curve also increases and
the area between the curve and 45° line becomes larger.
The Gini-coefficient is measured as—
G =Area between Lorenz Curve & 45° Line/Area above the 45° Line

Giffin Goods

Giffin goods have the positive relationship between price and quantity demanded and as a result demand curve of Giffin goods slopes upward from left to right. This phenomenon was first observed by Sir Robert Giffin in relation to the demand for bread by poor labours.

Gresham's Law

“Bad money (if not limited in quantity) drives good money out of circulation”—This statement was given by Sir Thomas Gresham, the economic Adviser of Queen Elizabeth. This law states that people always want to hoard good money and spend bad money when two forms of money are in circulation at the same time.

Gross Domestic Product (GDP)It is the money value of all final goods and services produced within the geographical boundaries of the country during a given period of time (usually a year). GDP can be calculated both at current prices and at constant prices. If we add net factor income from abroad to the GDP, we get ‘Gross National Product’ (GNP).

Gross National Product (GNP)

It refers to the money value of total output or production of final goods and services produced by the nationals of a country during a given period of time, generally a year.

Gross National Product Deflator

It is a Price Index Number used to correct the money value of Gross National Product (GNP) for price changes so as to isolate the changes which have taken place in the physical output of goods and services.

Guild Socialism

This form of socialism accepts the leadership of artisans. The operation of the whole economy specially the management and control of industries lies in the hands of artisans Socialism established by artisans is termed a Guild Socialism.

HDI

HDI (Human Development Index) is a composite index measuring average achievement in three basic dimensions of human life–a long and healthy life, knowledge and a decent standard of living.

Import Duty

Import duty is a tax on imports imposed on an ad-valorem basis i.e., fixed in the form of a percentage on the value of the commodity imported.

Indirect Tax

Indirect tax is that tax which is levied on goods or services produced or purchased. Indirect taxes are those which are demanded from one person in the expectation and intention that he shall indemnify himself at the expense to another.

Inflation

A situation of a steady and sustained rise in general prices is usually known as inflation. Inflation is a state in which the value of money is falling i.e., prices are rising.

Joint Demand

Joint demand appears in case of complementary goods. When two commodities are complementary to one another and cannot be used separately, they have joint demand. Bread and butter, sugar and tea, pen and ink are a few examples of joint demand. In joint demand a change in demand of one commodity bring about the proportionate change in demand for the other.

Joint Sector

When a sector is jointly owned, managed and run by both public and private sector, it is called joint sector. This sector indicates the partnership between the two i.e., public and private sector.

Labour Union

Labour union represents that organisation of workers which works for improving working condition of labours and also for raising their wage by adopting ‘collective bargaining’ measures with the management of the industry in particular.

Laffer Curve

This curve is given by American economist Prof. Arthur Laffer. It represents relationship between total tax revenue and corresponding tax rates.

Laissez Faire

It is a French word meaning ‘non-interference’. This doctrine was popularised by classical economists who gave the view that government should interfere as little as possible in the economic activities of the individuals.

Life Expectancy at Birth

The number of years a newborn infant would live if prevailing pattern of age specific mortality rates at the time of birth were to stay the same throughout the child’s life.

Liquidation

It refers to the termination (or winding up) of a registered company. Liquidation takes place because of company's insolvency. In liquidation, assets are turned into cash for settling outstanding debts and for apportioning the balance, if any, amongst the owners.

Liquidity

Assets which can easily be converted into cash money are said to have liquidity. Land does not possess liquidity at it takes longer time to get converted into cash.

Liquidity Ratio

The commercial banks under banking regulations have to maintain a certain specified proportion of their total deposits of various categories in liquid assets. This maintainable proportion is called liquidity ratio.

Lock-out

Lock-out refers to such a situation when the management does not permit the workers to work unless they agree to accept the employer's term. Lock-out is the closing of work by the management for an uncertain period of time to put pressure on the labour union. It is an action by the employer equivalent to a strike by employees.

Lorentz Curve

This curve shows the degree of inequalities of a frequency distribution in a graphical manner. It is a curve on a graph which shows the cumulative proportion of a statistical population against this cumulative share of some characteristic. This curve is commonly used to depict income distribution showing the cumulative percentage of people from the poorest up and their cumulative share of national income.

Lump Sum Tax

Lump sum tax is a fixed amount which has imperative nature irrespective of the income level. This tax is not equitable in nature.

Merit Goods

Merit goods refer those goods that are very essential to the society as a whole and hence the government ensures their availability to all consumers, regardless of their ability to pay to reasonable price.

Mixed EconomyIt refers to that economic system in which both private and public sector co-exists. Indian economy is an example of a mixed economy.

Monetary Policy

Monetary policy comprises all measures applied by the monetary authorities with a view to produce a deliberate impact on the nature and volume of money so as to achieve the objectives of general economic policy. It aims at regulating the flow of currency, credit and other money substitutes in an economy with a view to affect the total stock of such assets as well as to influence the demand of the community for such assets.

Monetary Reforms

When a new currency is introduced in a country due to hyperinflation or due to a deliberate policy measure (such as decimalization) it is termed as monetary reform.

Monopoly

Monopoly refers to that market structure where there is only one seller in the market who controls the entire market supply and no substitute of the product is available in the market.

Monopsony

Monopsony is that market situation in which there is only one single buyer of the product in the market. In other word, ‘buyer's monopoly’ is termed as monopsony.

Multinational Company

It is a large scale company which has its production base in several countries and the bulk of the production is produced in outside nations. This company produces more overseas
than they do in its parent country. Increased trade and economies of scale have encouraged such type of companies in the recent years.

National Income

In the simplest way it can be defined as ‘factor income accruing to the national residents of a country.’ It is the sum of domestic factor income and net factor income earned from abroad. Net national product at factor cost is called national income.

Net National Product (NNP)

When depreciation is deducted from GNP i.e., Gross National Product, we get Net National Product (NNP).

Oligopoly

Oligopoly is that form of imperfect competition in which there are only a few firms in the industry (or group) producing either homogeneous products or may be having product differentiation in a given line of production.

Open Economy

Open economy is that economy which is left free and the government imposes no restrictions on trade with areas outside that economy.

Okun’s Law

Arthur Okun presented an empirical relationship between cyclical movements in GNP and unemployment. Okun found that an annual 2•5% increase in the rate of real growth above the trend growth results in a 1% decrease in the rate of unemployment. This relationship is known as Okun’s Law.

Perfect Competition

Perfect competition is the market in which there are many firms selling identical products with no firm large enough relative to the entire market to be able to influence market price.

Poverty Line

Poverty line is a virtual line demarcating persons living below and above it. In India all those persons are treated living below poverty line who are not able to earn that much of income which is not sufficient to acquire food equivalent to 2100 calories per person per day in urban areas and 2400 calories per person per day in rural areas. As per UNDP, one US dollar (1993 PPP US $) per person per day is treated as poverty line.

PQLI

PQLI is known as Physical Quality of Life Index which is used to assess the level of social development. This index was developed by Jim Grant for The Overseas Development Council PQLI is calculated by using indices of (i) Adult literacy rate, (ii) IMR, (iii) Life Expectancy.

Price Mechanism

Price mechanism signifies the working of those market forces which establishes equilibrium in the economy. Laissez faire policy is the basis for the working of price mechanism.

Price Ring

It is an unofficial syndicate by which the prices are controlled with the prior understanding among the traders. These dealers under a price ring decide not to over-bid one another at the public auction to keep the prices low. This price ring may discourage outsiders from coming to the auctions.

Private Sector

Private Sector is that part of the economy which is not owned by the government and is under the hands of private enterprise. In other words, private sector is not under direct government control. Private sector includes the personal as well as the corporate sector.

Privatisation

Privatisation is the antithesis of nationalisation. When the government owned public industries are denationalised and the disinvestment process is initiated, it is called privatisation.

Public Debt

Public debt represents borrowing by the state and public authorities. All loans taken by the public authorities constitute public debt.

Public Goods

Public goods are those goods which belong to the entire community. None of the individual of the society can be made deprived of using these public goods. National defence, Police, Street lighting etc. are examples of public goods.

Public SectorPublic sector signifies those undertakings which are owned, managed and run by public authorities. Public sector includes direct government enterprise, the nationalized industries and public corporations. In this sector of the economy the government acts itself as an entrepreneur.

Peril Point

It indicates that point beyond which tariff reductions would threaten the existence of domestic industry.

Quick Asset

Those assets are quick assets which are liquid or nearly liquid in nature and easily be turned into cash.

Quoted Company

That company is called quoted company whose share prices are quoted on a stock exchange.

Reflation

It signifies general increase in the level of business activity in the economy. Reflation generally involves greater government expenditure and the easing of credit to encourage increased production.

Regressive Tax

It is a tax in which rate of taxation falls with an increase in income. In regressive taxation incidence falls more on people having lower incomes than that of those having higher incomes.

Repressed Inflation

It is a state in which aggregate demand is greater than the total supply of goods and services in an economy, but prices are prevented from rising to eliminate excess demand. The holding down of price is sometimes done by government as a means of suppressing inflation.

Reserve Asset Ratio

It is the ratio of a bank’s reserve assets to its eligible liabilities.

Revolving Credit

It is a bank credit that is renewed automatically until notice of cancellation is received. Revolving credits may be sanctioned for an unlimited amount in total but with a limit on
the amount that may be drawn at any one time or within a specified period, e.g., one month.

Seasonal UnemploymentIt is that unemployment which is caused by seasonal variation in demand for labour by various industries, such as agriculture, construction and tourism. Seasonal unemployment
normally declines in spring as more outdoor work can be undertaken.

Security

Security refers to a share, bond or government stock that can be bought and sold, usually on the stock exchange or on a secondary market, and carries a right to some form of income, either in the form of a fixed rate of interest or dividends.

Shadow PriceIt is an imputed value for a good based on the opportunity costs of the resources used to produce it such values are of particular significance in resolving problems of resource allocating with respect to the effect on welfare.

Share Capital

It is the amount of money raised by a company by issuing shares. The authorized share capital is the amount that a company is allowed to issue as laid down in its Articles of Association. The issued share capital is the amount actually issued i.e., the number of issued shares multiplied by their par value. Fully paid share capital is the amount raised by payment of the full par value of the issued shares.

Single Tax System

It is a system in which all tax revenues are raised from one form of taxation.

Socialism

The political doctrine that the means of production (machines, materials and output) should be owned by society and specifically either by the state, as in the case of nationalized industries or by the workers directly, as in the case of producer co-operatives.

Social SecurityProvision by the state out of taxation of welfare assistance to those in need as a result of illness, unemployment, or old age compare national insurance refers to social security.

Soft CurrencyA currency with limited convertibility into gold and other currencies, either because it is depreciating due to balance of payments difficulties or because controls have been placed on it to prevent the exchange rate falling.

Special Drawing Rights (SDRs)

It is a reserve asset (known as ‘Paper Gold’) created within the framework of the International Monetary Fund in an attempt to increase international liquidity, and now forming a part of countries official reserves along with gold, reserve positions in the IMF and convertible foreign currencies.

Special Tax (Unit Tax)

It is a tax imposed per unit of a commodity rather than on the value of the commodity compare ad-valorem.

Stabilization Policy

It is Government economic policy announced at reducing the cyclical and other fluctuations that take place in a market economy.

Stagflation

It is a state of the economy in which economic activity is slowing down, but wages and prices continue to rise. The term is a blend of the words stagnation and inflation.

Surplus Value

It is the difference between the amount paid to a factor and the revenue earned by selling the output it produced.

Tariff

It is a tax or a duty on imports, which can be levied either on physical units, e.g., per tonne (specific), or on value (ad-valorem). Tariffs may be imposed for a variety of reasons including; to raise government revenue, to protect domestic industry from subsidized or low-wage imports, to boost domestic employment, or to ease a deficit on the balance of payments.

Trade Gap

It signifies the size of the deficit (or surplus) in the balance of trade i.e., the difference in value between visible imports and exports.

Trade Union

It is an organisation of employees who join together to further their interests. Trade Unions negotiate on behalf of their members in collective bargaining with employers, and in the event of a dispute may put pressure on employers by withdrawing labour (i.e. strike) or by some less drastic form of action (i.e. go-slow, working to rule).

Transfer PaymentIt is a payment made by public authority other than one made in exchange for goods or services produced. Transfer payments are not the part of National Income. Examples includes unemployment benefit and child benefits.

Vital Statistics

Vital statistics refers to those data which are associated with vital events of masses like birth, death, marriage divorce etc.

VAT (Value Added Tax)

VAT seeks to tax the value added at every stage of manufacturing and sale, with a provision of refunding the amount of VAT already paid at the earlier stages to avoid double taxation. In other words, the tax already paid can be claimed at the next stage of value addition.

Wealth Tax

Wealth tax is that tax which is imposed on the value of total assets but the wealth upto a certain limit is exempted from such tax.

Welfare State

It refers to a nation that provides to all at least the minimum standards in respect of education, health, housing, pensions and other social benefits.

Wholesale Price Index

Wholesale Price Index is that index which is calculated on the basis of wholesale prices. It is calculated in a similar way to the Retail Price Index.</div>

Indian Overseas bank Recruitment of 1500 Probationary Officers - 2012 through ibps

2012-03-27T06:56:00.001-07:00

Indian Overseas bank Recruitment of 1500 Probationary Officers - 2012 through ibps

Number Of post
SC:223 posts
ST:149 posts
OBC:392 posts
GEN:736 posts
PWD:60 posts

Eligibility Criteria:
60% of marks in graduation for general candidates.55% of marks are enough for SC/ST/OBC/PWD Candidates.
General candidates must have at least 21 years and the max age limit is 30 years as on 01-07-2011.for SC/ST Candidates 5 years relaxation is provided and 3 years upper age relaxation for OBC Candidates as per Govt of India rules and regulations.

Application fee:
200 Rupees for General & OBC Candidates .50 rupees for SC/ST/PWD Candidates

Selection Process:
Candidates have to attend the Interview,based on performance in Written exam and Interview togeather,the right candidates can get job as Indian Overseas Bank Probationary Officer.The Interview will carry 50 Marks. Minimum qualifying marks in the Interview will be 22.50 marks for General Category candidates and 20.00 marks for SC/ST/OBC/PWD category Reserved Candidates. Final selection will be made on the basis of aggregate marks obtained by the candidates in IBPS PO Exam.

IBPS PO Score Requirements and Cut off marks:
General candidates must have 24 and above marks in every section to apply for IOB PO Recruitment process.In case of Reserved category candidates like SC/ST/OBC/PWD must have at least 21 and above marks in each section of Ibps po exam.
Test on Reasoning -24+
Test on English Language -24+
Test on Qualitative Aptitude-24+
Test on General Awareness -24+
Test on Computer Knowledge -24+
Descriptive Paper on English -24+

Important Date :

Fee Payment dates:30-03-2012 to 19-04-2012

Opening date of Online Registration:13-03-2012

Last date of Online Registration:19-04-2012

http://www.iob.in/uploads/CEDocuments/ADVERTISEMENT%20ENGLISH%20-%20PO%202012.pdf

Railway Recruitment 2012

2012-03-13T04:17:00.000-07:00

Are you looking for latest vacancies in Railway in 2012. RRB has issued 6449 vacancies for Senior Senior Section Engineer, Junior Engineer and other jobs in various railway recruitment board. It’s a big recruitment for this year and if you wants to know railway recruitment board vacancies 2012 detailed information like vacancy details, age limit, salary, RRB exam 2012 and other important information are given below:

RRB Senior Section Engineers Vacancies 2012
Total one hundred eight four (equal to 1084) posts
Salary: Selected candidates will get salary under pay band Rs. 9300 – 34800/- plus GP 4600/-
Age Limit: For Sr. Section Engineers positions age limit is 20 years to 35 years
Educational qualification: Graduation degree in relevant stream

RRB Junior Engineer posts Vacancies 2012
Total Four thousand three hundred and four (equal to 4304) posts
Salary: Selected candidates will get salary under pay band Rs. 9300 – 34800/- plus GP 4600/-
Age Limit: For Sr. Section Engineers positions age limit is 18 years to 33 years
Educational qualification: Diploma in relevant stream

RRB Senior P-Way Supervisor Vacancies 2012
Total One hundred and sixty (equal to 160) posts
Salary: Selected candidates will get salary under pay band Rs. 9400 – 34800/- plus GP 4200/-
Age Limit: For Sr. Section Engineers positions age limit is 18 years to 33 years
Educational qualification: Diploma in civil engineering.

RRB Chief Depot Material Superindent Vacancies 2012
Total Thirty Seven (equal to 37) posts
Salary: Selected candidates will get salary under pay band Rs. 9300 – 34800/- plus GP 4600/-
Age Limit: For Sr. Section Engineers positions age limit is 18 years to 35 years
Educational qualification: Graduation in Engineering in any stream can apply

RRB Depot Material Superindent Vacancies 2012
Total Sixty five (equal to 65) posts
Salary: Selected candidates will get salary under pay band Rs. 9300 – 34800/- plus GP 4200/-
Age Limit: For Sr. Section Engineers positions age limit is 18 years to 33 years
Educational qualification: - Diploma in Engineering in any stream can apply

Railway recruitment board will conduct written examination for shortlisted candidates (according to merit). Candidates have to verified their original certificate.
For engineering position written test will be of objective type which will be conducted two hours which has one hundred and fifty questions. There is 1/3 negative marks for any wrong answer.

Application fees: The candidates belongs to schedule caste, schedule tribe, Ex-Servicemen, Physically handicapped, Women candidates, economically backward candidates who have less than fifty thousand as annual income not need pay any application fees. Rest of the other candidates have to pay sixtyfor each application through Demand Draft / IPO drawn in favour of "Assistant Secretary, or Deputy Secretary or Secretary or Member Secretary or Chairman of Railway Recruitment Board concerned.

How to apply: Only prescribed application form will be accept by RRB. Caniddates may fill the form cleanly and correctly. No correction after receipt of application form. the premises of the concerned RRB offices till last date by post to the concerned RRB.

Candidates can also apply online mode for this please visit official website of concerned RRB and fill in the details and apply for the same.

Last date for application form submission: 9th April, 2012 till 17:30 hrs
Last date for receipt of application form for far flung areas: 24th April, 2012 till 17.30 hrs
RRB exam 2012 date for Engineering jobs is on: 9th September, 2012

Next IBPS Common PO Exam on June 17

2012-03-06T21:09:00.002-08:00

Hot news is Here, Next IBPS Common PO written exam will be on June 17.
Although IBPS is yet to publish the official draft about this update, it is cleared that next Common exam for PO/MT posts in Participating Public sector banks will be held on 17th of June, 2012.
IBPS conducted a common exam for PO/MT posts arising in 19 Public sector banks in september 2011. About 14 lakh registered and 10 lakh appeared for it. Finally 1.1 lakh were able to pass it. This time, number of applicants is expected to increase.
This was the question being asked by many, now the dates have been announced and registrations for next CWE for PO/MTs will open from Mar 9 to 30, 2012.
Note that people looking to Improve from their Previous IBPS scores from first Common PO exam in September 2011 may also apply for this second common PO exam. The dates announced for next common exam are as follows:-

Dates of Online Registration and payment of fees (Online)- Mar 9 - 30, 2012
Offline Fee Payment - Mar 12 to Apr 7, 2012
Common Written Exam (CWE) for PO - June 17, 2012
Note that Eligibility criteria will still be graduation completed in any discipline. More details will be available after official advertisement is issued. Also, if you attended the previous PO exam and looking for improve score then you may apply for it. Try your best and you'll be able to use best of two scorecards until the one year of validity. No scorecard will expire before One year of validity!!

2012-03-06T21:08:00.000-08:00

Malwa Gramin Bank Office Assistant Exam. English Solved Paper

2012-03-04T08:30:00.000-08:00

Directions– (Q. 1-10) In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

In the modem times, few Indians stay put for a lifetime. They move from town to city and from city to suburb. They complete high school from a different state and ...(1)...college in a different one. They hop from a job in a particular region to a better job elsewhere. With each move, they make new friends, who become part of their ...(2)... lives at that time. For many of them, the summer is a special ...(3)... for new friendships. Today millions of Indians holiday abroad, and they go not only with an intent to see new ...(4)... but ...(5)... with the ...(6)... of meeting new people. No one really expects a casual ...(7)... to produce a close friend. But ...( 8) ...the beginning of a ...(9)... association is ...(10)…..

1. (A) like
(B) go
(C) move
(D) study
(E) attend
Ans : (E)

2. (A) usual
(B) daily
(C) common
(D) main
(E) society
Ans : (B)

3. (A) month
(B) seasonal
(C) era
(D) time
(E) week
Ans : (D)

4. (A) sights
(B) area
(C) place
(D) flowers
(E) palaces
Ans : (A)

5. (A) again
(B) aim
(C) also
(D) addition
(E) besides
Ans : (C)

6. (A) nope
(B) ideal
(C) expect
(D) visions
(E) ideas
Ans : (A)

7. (A) leave
(B) trip
(C) experience
(D) space
(E) holiday
Ans : (B)

8. (A) acceptably
(B) evidence
(C) surely
(D) immediately
(E) fastly
Ans : (C)

9. (A) lifelong
(B) imaginative
(C) closely
(D) friendship
(E) tourist
Ans : (A)

10. (A) accept
(B) thought
(C) planned
(D) plausibly
(E) possible
Ans : (E)

Directions– (Q. 11-20) Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. The letter of that part is the answer. If there is no error, the answer is (E). (Ignore the errors of punctuation, if any .)

11. A great (A) / speaker can (B) / keep the audiencing (C) / spell bound. (D) No error (E)
Ans : (C)

12. You must (A) / concentration on (B) / the work allotted (C) / to you. (D) No error (E)
Ans : (B)

13. You can (A) / borrow this books (B) / if you promise (C) / to return them. (D) No error (E)
Ans : (B)

14. We spent (A) / the entire (B) / evening listen (C) / to songs. (D) No error (E)
Ans : (C)

15. The committee (A) / discussed many (B) / things in its (C) / annual meeting. (D) No error (E)
Ans : (C)

16. I writing him (A) / a letter to (B) / congratulate him (C) / on his success. (D) No Error (E)
Ans : (A)

17. Everybody knows (A) / regard the (B) / ill effects smoking has (C) / on health. (D) No Error (E)
Ans : (B)

18. Someone hit (A) / myself as (B) / I came (C) / into the room. (D) No error (E)
Ans : (B)

19. Somebody has (A) / broken the window (B) / by throwing (C) / many stone at it. (D) No error (E)
Ans : (D)

20. The picture (A) / is too heavy (B) / to be hang (C) / on the wall. (D) No error (E)
Ans : (C)

Directions– (Q. 21-25) Rearrange the following six sentences (1), (2), (3), (4), (5) and (6) in the proper
sequence so as to form a meaningful paragraph, and then answer the questions given below:
(1) The poor Iamb was very scared to die and decided to trick the wolf.
(2) When the wolf began to play, the shepherd and the dogs heard the sound of the flute, and they came to rescue the lamb.
(3) It continued by saying that it had heard the wolf play the flute and had liked it very much.
(4) The lamb requested the wolf to grant it a last wish.
(5) Once, a wolf carried off a baby lamb from its flock in order to eat it.
(6) The wolf was pleased and decided to grant the lamb its last wish.

21. Which of the following should be the FIRST sentence ?
(A) 5
(B) 1
(C) 6
(D) 4
(E) 2
Ans : (A)

22. Which of the following should be the THIRD sentence ?
(A) 2
(B) 1
(C) 4
(D) 6
(E) 3
Ans : (C)

23. Which of the following should be the LAST (SIXTH) sentence ?
(A) 1
(B) 4
(C) 3
(D) 5
(E) 2
Ans : (E)

24. Which of the following should be the SECOND sentence ?
(A) 5
(B) 2
(C) 4
(D) 3
(E) 1
Ans : (E)

25. Which of the following should be the FOURTH sentence ?
(A) 1
(B) 3
(C) 4
(D) 2
(E) 6
Ans : (E)

Directions– (Q. 26-35) In each question below a sentence with four words printed in bold type is given. These are lettered as (A), (B), (C) and (D). One of these four words printed in bold may either be misspelt or inappropriate in the context of the sentence. Find out the word which is wrongly spelt or inappropriate if any. The letter of that word is your answer. If all the words printed in bold are correctly spelt and also appropriate in the context of the sentence, mark (E) i.e., All Correct' as your answer.

26. He used (A) all his skills to calm the agitated (B) union leddar (C) and bring him to the negotiation (D) table. All correct (E)
Ans : (C)

27. I had a toothache, (A) so I took an appointment (B) with a famous (C) dentistry. (D) All correct (E)
Ans : (D)

28. The city senter (A) is always (B) crowded (C) with tourists. (D) All correct (E)
Ans : (A)

29. You can borrow (A) this book (B) if you promise (C) to return (D) it. All correct (E)
Ans : (E)

30. It isn't safe (A) to swim (B) in a weather (C) like these. (D) All correct (E)
Ans : (D)

31. Patiense (A) and humility (B) have unlimited (C) power. (D) All correct. (E)
Ans : (A)

32. The delicious (A) lunch at the hotel satiated (B) my hungry (C) and desire. (D) All correct. (E)
Ans : (C)

33. I don't have enough (A) money to be able to afford (B) an expansive (C) holiday. (D) All correct (E)
Ans : (C)

34. I expected (A) your house (B) to be very big, but it's not biggest (C) than mine. (D) All correct (E)
Ans : (C)

35. You can ask your unkle (A) for anything (B) you want (C) as your birthday present. (D) All correct (E)
Ans : (A)

Directions– (Q. 36-50) Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.

Once, there was a boy who was afraid of the dark. He thought that when it was dark his bedroom filled up with monsters. But there came a time when he was too old to be allowed to keep. sleeping with the light on. That first night he was paralysed with fear , and his mind was full of monsters. So much so, that he went over to his wardrobe to get a torch. But when he opened the wardrobe door he came face to face
with a monster, and he let out the loudest scream in the world.

The monster was equally shocked. It grabbed its multicoloured hair and started crying. The monster cried for so long that the boy's shock and fear subsided. He calmed the monster as much as he could, and started talking to him, asking him why he was crying, and what he was doing there. The monster told him it lived in the wardrobe, but never went out, because it was afraid of the boy. When the boy asked for the reason, the monster told that the boy's face seemed to be the most horrible thing it had ever seen with eyes, ears and a nose. The boy felt exactly the same way about the monster, who had an enormous head full of hair.

Eventually, they realized that both of them had been afraid of the same thing: the unknown. To lose their fear of each other all they had to do was get to know each other. They applied the same strategy to the other things. Together they travelled the world, seeing lions, tigers, crocodiles and even dragons. It was the first time either of them had seen such creatures, but they made the effort to get to know them, and ended up dispelling their fear, and becoming friends. All kinds of creatures visited the boy's bedroom each night and, instead of fearing them he learnt to get to know them and befriend them.

Directions– (Q. 36-39) Choose the word which is MOST SIMILAR in MEANING to the word printed in bold as used in the passage.

36. HORRIBLE
(A) strange
(B) offensive
(C) humorous
(D) unholy
(E) appealing
Ans : (B)

37. DISPELLING
(A) eliminating
(B) ignoring
(C) assembling
(D) recalling
(E) accumulating
Ans : (A)

38. LOSE
(A) suffer
(B) overcome
(C) gain
(D) failure
(E) yield
Ans : (B)

39. CALMED
(A) relieved
(B) freed
(C) imposed
(D) consoled
(E) attended
Ans : (D)

Directions– (Q. 40-42) Choose the word which is MOST OPPOSITE in MEANING to the word printed in bold as used in the passage.

40. ALLOWED
(A) granted
(B) oppressed
(C) caged
(D) punised
(E) denied
Ans : (E)

41. SUBSIDED
(A) decreased
(B) fulfilled
(C) ended
(D) enhanced
(E) created
Ans : (D)

42. ENORMOUS
(A) repulsive
(B) strange
(C) sparse
(D) tiny
(E) foul
Ans : (D)

43. What happened to the boy when he slept with the lights off ?
(A) He dreamt of monsters with multicoloured hair.
(B) The boy cried all night and couldn't sleep.
(C) The monsters filled up the boy's room.
(D) The monster screamed so loudly that it woke the boy.
(E) The monster in the boy's wardrobe went to his parents' room.
Ans : (C)

44. What were the boy and the monster afraid of ?
(A) They were both afraid of playing in the dark.
(B) The monster was afraid of the dark, while the boy was afraid of light.
(C) They were both afraid of the same thing-the unknown.
(D) They were both afraid of the boy's parents.
(E) They were both afraid of the dragons that ate children and monsters.
Ans : (C)

45. Which of the following can be the most appropriate title for the story ?
(A) The monster who was afraid of the creatures.
(B) Monsters are not friendly creatures.
(C) Why should we sleep in the dark.
(D) The boy and the creatures.
(E) The boy who was afraid of the dark.
Ans : (D)

46. Which of the following is NOT TRUE about the boy as per the passage ?
(A) The boy slept with the lights switched off.
(B) The boy finally conquered his fear of the unknown.
(C) The boy had befriended the monster.
(D) The boy travelled the world and became friends with creatures .
(E) All are true.
Ans : (A)

47. Which of the following is TRUE about the monster as per the passage ?
(A) The monster mocked the boy.
(B) The monster was afraid of the boy's parents.
(C) The monster was envious of the boy.
(D) The monster had multicoloured hair.
(E) None is true.
Ans : (D)

48. Why did the monster start crying ?
(A) The boy had hurt the monster while opening the wadrobe.
(B) The monster was afraid of the boy as he looked strange to him.
(C) The monster had been locked inside the wadrobe.
(D) The monster thought that the boy would capture him.
(E) None of these.
Ans : (B)

49. Why was the boy afraid of sleeping in the dark ?
(A) He had terrible nightmares whenever he slept in the dark.
(B) He thought that the monster will eat him up in the dark.
(C) He thought that his hair would turn muticoloured in the dark.
(D) He thought that monsters filled up his bedroom in the dark.
(E) None of these.
Ans : (D)

50. Why did the creatures visit the boy every night ?
(A) The monster had called them to scare the boy.
(B) The creatures were afraid of staying in the jungle.
(C) The creatures had plotted to kill the monster in the boy's bedroom.
(D) The boy had befriended them.
(E) None of these
Ans : (D)

GENERAL AWARENESS PRACTICE QUESTIONS

2012-03-01T01:07:00.002-08:00

1) This agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet. Identify the agency.
a. SEBI
b. IRDA
c. TRAI
d. DoT

2) In India’s first sale of rupee perpetual bonds by a non-finance company Rs 1500 crore ($332 million) was raised. Name the non-finance company.
a. Tata Steel
b. Pantallons Retail
c. RIL
d. Maruti Suzuki

3) Which of the following Indian cricket players took the highest number of wickets in the recently concluded ICC World Cup 2011 along with Pakistan’s Shahid Afridi?
a. Yuvraj Singh
b. Zaheer Khan
c. Munaf Patel
d. Harbhajan Singh

4) Union Sports Ministry on 6 April 2011 formed a committee to fine-tune the draft National Sports Development Bill. Who is heading the committee?
a. Justice Mukul Mudgal
b. Justice Tej Pratap Singh Mann
c. Justice Gurdev Singh
d. Justice Jaswant Singh Phogat

5) Name the cricketer who beat Michael Clarke by a comfortable 15-vote margin to bag the Allan Border Medal besides being named Australia’s ODI Player of the Year in Feb 2010?
a. Shane Watson
b. Simon Katich
c. Mitchell Johnson
d. Sachin Tendulkar

6) Record food grain production helped to reduce food inflation to a four month low for the week ending 26 March 2011. What was the inflation percentage for the week?
a. 9.18%
b. 9.25%
c. 9.21%
d. 9.36%

7) Praveen Kumar Tripathi took over as the Chief Secretary of which of the following governments on 4 April 2011?
a. Delhi Government
b. Haryana Government
c. Uttar Pradesh Government
d. Uttarakhand Government

8) The Union Government gifted a Kendriya Vidyalaya to a nondescript village Indrapura to which of the following Indian states?
a. Bihar
b. Odisha
c. Rajasthan
d. Madhya Pradesh

9) The Supreme Court on 5 April 2011 passed an order to lift iron export ban imposed by which of the following Indian states on 26 July 2010 and also ordered it to implement the new rules for regulating iron ore mining and transportation?
a. Tamil Nadu
b. Andhra Pradesh
c. Karnataka
d. Odisha

10) To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA

11) Which agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet?
a. SEBI
b. IRDA
c. TRAI
d. DoT

12) Buyer's Credit was launched by the Commerce and Industry Minister, Anand Sharma, on 6 April 2011 to boost project exports from India. Under which of the following was Buyer’s Credit launched?
a. National Export Insurance Account
b. Export-Import Bank of India
c. Export Credit Guarantee Corporation of India
d. Reserve Bank of India

13) Read the two statements mentioned with regard to the budgetary allocations for addressing environmental concerns.
1. The budget proposed that the solar lantern used in far-flung villages will attract no duty from 10 per cent charged earlier.
2. To provide green and clean transportation for the masses, National Mission for Hybrid and Electric Vehicles will be launched in the year 2011 in collaboration with all stakeholders. Which of them is true?
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above

14) 21 year old Marjan Kalhor is the first Iranian woman to have entered an Olympic event. She is a participant in the 2010 Winter Olympics that began in Vancouver on 12 Feb 2010. Which sport is she associated with?
a. Ski
b. Shot put
c. Cycling
d. Bobsleigh

15) With his victory in the men’s large hill ski jump on 20 Feb 2010 at the Vancouver Olympics, he became the first person to win four individual gold ski jumping medals. Name this sportsperson.
a. Simon Ammann (Switzerland)
b. Ahonen Janne (Finland)
c. Alexander Nicholas (USA)
d. Bardal Anders (Norway)

16) The Indian Government in April 2011 issued a notice to which of the following companies to terminate licences for Kerala, West Bengal and Assam for delay in roll- out of services in these three circles?
a. Sistema Shyam Teleservices
b. Tata Teleservices
c. Reliance
d. BSNL

17) Which Italian luxury sports car makers on 6 April 2011 announced its entry into the Indian market where it will sell its high-performance cars priced between Rs1.20 crore and Rs1.43 crore?
a. Maserati
b. Bentley
c. Aston Martin
d. Maybach

18) Who did HDFC Bank, the country's second-largest private sector lender appoint in March 2011 to head its investment banking division?
a. Rakesh Singh
b. Charul Madan
c. Gaurav Khungar
d. Atul Singh

19) Gangaur, a festival which marks the union of Lord Shiva and his consort, Goddess Parvati is celebrated for 18 days from the day after Holi in which of the following Indian states?
a. Rajasthan
b. Karnataka
c. Tamil Nadu
d. Uttaranchal

20) Read the following statements with regard to the allocation in the Educational sector as proposed by Union Budget 2011-12.
1. For Sarva Siksha Abhiyan the allocation was increased by 40 percent to 21000 crore rupees.
2. All institutions of higher learning will be connected through optical fibers by March 2012.
3. 500 crore rupees was proposed to be provided for national skill development fund.
4. For the needy scheduled castes ad scheduled tribe candidates studying in class-IX and Xth pre-matric scholarship scheme was proposed to be introduced. Which of the above mentioned statements is not true?
a. 1
b. 2
c. 3 & 4
d. 4

21) Scientists recently developed a computer that could be controlled by the power of thought. It would help people unable to speak or move. What is the name of the technology which they used to develop this kind of computer?
a. electrocortiography
b. symbian C++
c. java
d. flash lite

22) Which of the following companies bought the Pringles brand from Procter & Gamble Co for $1.5 billion?
a. Diamond Foods Inc
b. PepsiCo's Frito-Lay
c. Emerald Nuts
d. Kettle Potato Chips

23) Online marketplace eBay India, in association with leading apparel brand Reebok auctioned a bat autographed by Indian cricketer Mahendra Singh Dhoni. The proceeds of the auction will go to which of the following NGOs?
a. Oxfem
b. CRY
c. All Bengal Women’s Union
d. UNEM

24) Which Indian hockey player was in April 2011 named captain of the Indian Hockey team the upcoming Sultan Azlan Shah Cup scheduled to be played in Malaysia from 5-15 May 2011?
a. Arjun Halappa
b. Rajpal Singh
c. Bharat Kumar Chetri
d. Mohd. Amir Khan

25) Under the Godfrey Phillips Zonal Bravery Awards given away by the former ruler of Jodhpur, Gaj Singh in Jaipur on 5 April 2011, which of the following NGOs was honoured with the Amodhini Award of Rs.1 lakh?
a. Udyogini
b. Charities Aid Foundation
c. CRY
d. Akhil Bharatiya Vanavasi Kalyan Ashram

26) The Basic Customs Duty exemption was proposed to be extended to which of the following sectors?
a. art and antiquities for exhibition or display in private art galleries
b. Cinematographic film, factory-built ambulances
c. syringes and needles
d. agricultural machinery

27) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of Japan. Where is the Pacific Tsunami Warning System headquartered?
a. Hawai
b. Tokyo
c. Manila
d. Jakarta

28) Which of the following companies announced on 6 April 2011 that it won contract to provide broadband internet connectivity to Indian Railways through state-run RailTel Corp of India Ltd?
a. DEL
b. IBM
c. Infosys
d. HCL Infosystems

29) Which super luxury carmaker on 7 April 2011 unveiled Continental GT sedan in India?
a. Ferrati
b. Bentley
c. Maybach
d. Maserati

30) What amount of money was allocated for Bharat Nirman?
a. 1000 crore
b. 58000 crore
c. 55438 crore
d. 14362 crore

31) Who defeated Tamarine Tanasugarn on 15 Feb 2010 to retain the Pattaya Open title?
a. Vera Zvonareva of Russia
b. Sabine Lisicki of Germany,
c. Ayumi Morita of Japan
d. Kimiko Date Krumm of Japan

32) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of japan. What are the possible factors which can cause Tsunami?
i)An Earthquake
ii) A landslide
iii) A volcanic eruption or explosion
iv) Impact by a meteorite
Please choose the right option
a. i, ii, iii and iv
b. i and ii only
c. ii and iii only
d. i and iv only

33) Which of the following Indian cricket is the most heavily insured player for the forthcoming Indian Premier League (IPL) 4 T-20 tournament which begins on 8 April 2011?
a. Sachin Tendulkar
b. Yuvraj Singh
c. M S Dhoni
d. Virender Sehwag

34) The Union Budget for 2011-12 proposed lowering of qualifying age for tax relief for senior citizens from 65 years to _?
a. 55
b. 58
c. 60
d. 62

35) Finance Minister Pranab Mukherjee proposed to increase the Income Tax Exemption Limit for individual tax payers from 1 lakh 60 to _?
a. 1 lakh 80 thousand
b. 1 lakh 90 thousand
c. 2 lakh
d. 2 lakh 20 thousand

36) Noted Social worker Anna Hazare on 5 April 2011 started his hunger strike at Jantar Mantar in New Delhi to protest against the reported delay in bringing in which of the following bills to effectively deal with corruption?
a. Lokpal Bill
b. The Competition (Amendment) Bill
c. The Airports Economic Regulatory Authority of India Bill
d. The Appropriation (No.3 ) Bill

37) Who became the world number one badminton player?
a. Saina Nehwal
b. Wang Xin
c. Sania Mirza
d. Wang Shixian

38) When is the National Youth Day observed?
a. January 14
b. February 14
c. August 31
d. January 12

39) What is Tejas?
a. Spacecraft
b. Missile
c. Submarine
d. Light combat aircraft

40) Who is the Chairperson of the Central Board Film Certification?
a. Sharmila Tagore
b. Karan Johar
c. Nafisa Ali
d. Om Puri
e. None of these

41) Ali Akbar Salehi is the foreign minister of
a. Israel
b. Iran
c. Afghanistan
d. Indonesia

42) Who is the new chief of Research and Analysis Wing (RAW)?
a. AP Singh
b. Arun Shourie
c. Sanjeev Tripathi
d. BK Gupta

43) According to an extensive genetic study on modern humans, two conclusions were drawn out.
i) There is an enormous amount of diversity in the African hunter-gatherer populations.
ii) The genetic diversity among 27 present-day African populations originated in southern Africa and progressed to northern Africa.
Which of the above statements is/are correct?
a. Both i and ii
b. Neither I and ii
c. Only i
d. Only ii

44) Which one of the following Indian states recently released a Braille version of the RTI (Right to Information) Act and its rules for the benefit of visually challenged?
a. Gujarat
b. Bihar
c. Haryana
d. Madhya Pradesh

45) Roger Federer won his fourth Australian Open Tennis Championship and 16th Grand Slam on 31 Jan 2010. Who did he defeat in the final of the Australian Open 2010?
a. Rafael Nadal
b. Andy Murray
c. Fred Perry
d. Rod Laver

46) Which of the following Bollywood Actress won the Best Actress trophy at the 13th London Asian Film Festival for her performance in Onir’s I AM?
a. Nandita Das
b. Juhi Chawla
c. Tabu
d. Konkona Sen Sharma

47) In tiger census 2010,
i) Pugmarks were used as the only indicator of tiger numbers.
ii) An advanced Scientific process was adopted which included video trapping and use of satellite data. Which of the above statements is/are incorrect?
Choose the right option:
a. Only i is incorrect
b. Only ii is incorrect
c. Both i and ii are incorrect
d. Both i and ii are not incorrect

48) India defeated Pakistan by 29 runs in the semi finals of the ICC World Cup 2011 played at Mohali. Who was declared man of the match of the high powered game?
a. Saeed Ajmal
b. Sachin Tendulkar
c. Munaf Patel
d. Wahab Riaz

49) Which of the following bodies put off indefinitely the new rules governing unwanted telemarketing calls which were supposed to be implemented from 21 March 2011?
a. Department of Telecommunication (DoT)
b. Telecom Regulatory Authority of India (TRAI)
c. Indian Ministry of communication & Technology
d. HRD Ministry

50) The Indian government in March 2011 conferred the Miniratna status on which of the following PSUs?
a. National Small Industries Corporation (NSIC)
b. Air India Charters Ltd
c. Cement Corporation of India
d. HMT Machine Tools Ltd

Answers:
1) B 2) A 3) B 4) A 5) A 6) A 7) A 8) C 9) C 10) A 11) B 12) A 13) B 14) A 15) A 16) A 17) C 18) A 19) A 20) B 21) A 22) A 23) B 24) A 25) A 26) A 27) A 28) D 29) B 30) B 31) A 32) A 33) C 34) C 35) A 36) A 37) B 38) D 39) D 40) A 41) B 42) C 43) A 44) A 45) B 46) B 47) A 48) B 49) B 50) A

Recruitment of 8500 Assistant (Clerk) vacancies in the State Bank of India

2012-03-01T01:04:00.000-08:00

SBI Clerk Recruitment 2012 is that SBI had announced the 8500 Assistant Vacancies in the clerical cadre.This Advertisement in already a modification in the ADVERTISEMENT NO. CRPD/CR/2011-12/05 Dated 27.12.2012

Here are some of the Details of 8500 Assistant vacancies in the State Bank of India.Candidates must read the Details below for applying Online for Assistant Vacancies in the SBI

Number of Vacancies: 8500 (Gen-3145, SC-2069, ST- 1337, OBC- 1949).The vacancies listed there also includes those vacancies that were advertised in the previous SBI Clerical Advt for SC/ST/OBC.

Pay scale: Rs 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300.

Probation Period: 6 months.Probation period is the time period during which the performance of newly appointed Candidates will be evaluated.If the Performance of candidates is satisfactory after the Probation period then HE/SHE will be regularised there by ending his/her probation period.

Eligibility Criteria: Interested Candidates who wish to apply for 8500 Assistant vacancies in the SBI must posses the below mentioned eligibility criteria.

Age Limit (As on 01.12.2011): Min Age: 18 years and Max: 28 years.

Educational Qualifications (As on 01.12.2011): Candidates must posses the below mentioned educational Qualifications
Min 12th Std Pass with 60 % marks (For Gen Candidates) and 55 % marks (For SC/ST/PWD candidates)
OR
A Graduate Degree in any discipline from a recognised University of India. (Percentage in Graduation Does not matter)
Additional Qualifications: Apart from the academic qualification mentioned above candidates must also
Have the ability to write and speak English Language fluently.
Have the Knowledge of Local Language.
Application Fees: An application fee of Rs 350 (For Gen and OBC Candidates) and Rs 50 (For Others) will have to be deposited either by Online Mode Or By Offline mode in any Branch of State bank of India before the last date.

Procedure for Applying: Interested candidates who meet the above mentioned eligibility criteria can send their Applications Online by using the below mentioned procedure.

(I) Payment of Fees (Offline): Candidates who wish to apply with Offline Fee Payment method must fill their Online Application at www.statebankofindia.com. Candidates must carefully fill the Online Application form by following the On-Screen Instruction.After submitting the Online Application form, the system will generate a Fee Payment Challan.This Fee Payment must be printed and used for Payment of Application fee in the State bank of India.After the Payment of Application fees, the registration process is completed.

(II) Payment of Fees (Online): In this case, candidates are required to Submit their applications Online at the www.statebankofindia.com. and deposit their Application fees Online by using VISA/Master Card/ Debit Card or Net Banking.After the Payment of Application fees the system will generate an e-receipt that must printed and preserved as a record.After Submitting the Online Application, the System will generate an Application form that must be printed and preserved till the final selection

Important Dates to Note:
Online Registration will start form : 5th March, 2012
Last date for Submitting the Online Applications: 26th March, 2012
Application Fees can be paid In Between: 7th March, 2012 to 31st March, 2012
Date of Written Exam: 27.05.2012 and 03.06.2012
Dates for Downloading the Call Letter: After 12th May, 2012

Click here for detailed Advertisement

2012-02-28T05:52:00.000-08:00

javascript:void(0)

Gurgaon Gramin Bank Officer and Office Assistant Recruitment

2012-02-27T20:32:00.000-08:00

Gurgaon Gramin Bank has issued notification against recruitment of 196 Officer and Office Assistant Vacancies. Eligible candidates may apply online on or before 15-03-2012.

Gurgaon Gramin Bank Vacancy Details:
No. of Vacancies: 196
Names of Posts:
1. Officer MMG Scale-III – 05 vacancies
2. Officer MMG Scale-II – 16 vacancies
3. Officer MMG Scale-I – 51 vacancies
4. Office Assistants – 124 vacancies

Application Fee Details: Candidates need to pay Rs. 500/- for Posts 1 & 2, and Rs. 400/- for posts 3 & 4. SC/ST/PWD candidates need to pay Rs. 50/- towards application fee for any post. Fee must be in form of Challan available on the website www.ggbank.org at any branch of Syndicate Bank in Account No. 82453020000045 and Account name GGB Recruitment Project Account.

Selection Procedure: Selections would be made on the basis of performance in Written Test and Interview.

How to Apply: Candidates must apply online through the website www.ggbank.org on or before 15-03-2012

Instructions for Online Application:
1. Log on to www.ggbank.org
2. Select Online Application link and enter all marked details.
3. Enter details of fee payment challan
4. Submit the application form
5. Take print of application for further use.

Important Dates:
Starting Date for Online Application: 03-03-2012
Last Date for Online Application: 15-03-2012
Written Test Dates:-
Officer MMG Scale III, II and I: 15-04-2012
Office Assistant: 08-04-2012

For more details like vacancy distribution, Age Limit, Selection Procedure, bond details, requirements for each post, scheme of examination, other instructions and information click on the link given below.

http://www.ggbank.org/docs/new_advertisement.pdf

Syndicate Bank Shortlisted Candidates

2012-02-27T05:25:00.000-08:00

Click Here to View Shortlisted Candidates For Interview..

Click Here to Download Bio Data Form.

Bank Tagline

2012-02-27T03:48:00.000-08:00

Bank Name	Tag Or Punch Lines
Allahabad Bank	A tradition of trust
Andhra bank	Much more to do with you in focus
Bank of Baroda	India’s international bank
Bank of India	Relationships beyond banking
Bank of Maharashtra	One family one bank
Canara Bank	It is easy to change for those who you love
Central bank	Build a better life around Us
Dena Bank	Trusted Family Bank
Indian Bank	Taking banking technology to the common man
Indian Overseas Bank	Good people to grow with
Oriental bank of Commerce	Where every individual is committed
Punjab and Sind Bank	A government of India undertaking
Punjab National Bank	The name you can bank upon
Syndicate bank	Your faithful & friendly financial partner
State bank of India	Bank to every Indian
Union Bank of India	Good people to bank with
Uco bank	Honors your trust
United bank of India	The bank that begin with U
Vijaya Bank	A friend you can bank on

Older Private sector banks:

Bank of Rajasthan	Dare to dream
Citi Union Bank
Federal Bank	Your perfect banking partner
ING Vysya Bank
J&K Bank	Saving To Empower
Karnataka Bank	Your family bank across India
Karur Vysya Bank	Smart way to bank
Laxmi Vilas Bank
Nainital Bank	Banking with personal touch
Ratnakar Bank
Tamilnad Mercantile Bank	Customer oriented and committed to excellence

New Private Sector Banks:

Development Credit bank
HDFC Bank	We Understand your world
ICICI Bank	Hum Hai Na.
IDBI Bank	Aao Sochein Bada
Kotak Mahindra Bank
Axis Bank
Yes Bank	Experience our expertise

Development Credit bank
HDFC Bank	We Understand your world
ICICI Bank	Hum Hai Na.
IDBI Bank	Aao Sochein Bada
Kotak Mahindra Bank
Axis Bank
Yes Bank	Experience our expertise

International banks :

HSBC	The world’s local bank
Standard Chartered Bank
Citibank	Citi never sleeps --not used on the Indian website --
Bank of America
Santander
BNP Parisbas	The bank for a changing world
Lloyds TBS	For the journey

Banking & Financial Awareness 92 Question

2012-02-26T23:47:00.002-08:00

BANKING INTERVIEW QUESTIONS

1. Who are forensic accountants?

Forensic accountants are trained to detect evidence of frauds in financial

statements. They go beyond the numbers and attempt to analyze 100% of the data as against the sampling procedure adopted by auditors. When the extended procedures are invoked, cases like the overvaluation of the sales or the debtors become easy to investigate. In India there is an urgent
need of large number of forensic accountants in view of the preponderance of corporate frauds.
2. What do you mean by Financial Inclusion?

Financial inclusion means providing to the large unbanked population of India access to financial products and services like:Bank accounts, immediate credit, savings products, remittance and payment services, insurance, mortgage, entrepreneurial credit, financial advisory services.

Steps taken so far for promotion of financial inclusion have been – the cooperative movement, setting up of State Bank of India, nationalization of banks, lead bank scheme, regional rural banks, service area approach, self help groups.
Out of 611 districts in the country, only 68 districts have been covered by so called financial inclusion (as of July 2009).
3. What do you mean by Capital adequacy ratio?

CRAR is the acronym for capital to risk weighted assets ratio, a standard metric to measure balance sheet strength of banks.
BASEL I and BASEL II are global capital adequacy rules that prescribe a minimum amount of capital a bank has to hold given the size of its risk weighted assets. The old rules mandate banks to back every Rs. 100 of commercial loans with Rs. 9 of capital irrespective of the nature of these loans. The new rules suggest the amount of capital needed depends on the credit rating of the customer.
4. What are Banking Codes and Standards Board of India BCSBI?

BCSBI is an independent and autonomous body set up by RBI to ensure that comprehensive code of conduct for fair treatment of customers was evolved and adhered to. In substance the board has been set up to ensure that the common consumer of banking services is in no way in a disadvantageous position and really gets what he has been promised by the banks.
Member banks of the board have voluntarily agreed to abide by the provisions enumerated in the codes which have been drawn up for the benefit of customers. These are:
Code of Bank’s Commitment to Customers, and
Code of Bank’s Commitment to Micro and Small Enterprises.
5. Who is a Banking Ombudsman?

An independent dispute resolution authority provided by RBI to deal with disputes that bank customers have with their respective banks. The authority is to be approached after the customer fails to get his grievance resolved from the concerned bank in terms of the grievance redressal mechanism.

6. What is meant by nomination facility for bank accounts?

Nomination in bank accounts prevents harassment and facilitates the bank to make payment to the nominee of a deceased depositor, of the amount standing to the credit of the depositor without the need for producing succession certificate and completion of other legal formalities as required to determine the legal heirs.
7. What is a ‘no frills’ account?

It is supposed to be a basic savings bank account for the benefit of all sections of the population. Such accounts require either nil or low minimum balance to be maintained. Services available for these accounts are also limited.
8. What is meant by insurance cover for deposits in banks?

All deposits upto Rs. 1 lakh in a commercial or cooperative bank in India are insured by the Deposit Insurance and Credit Guarantee Corporation of India DICGC. The insurance protection is available free of cost to the depositors and covers the principal and interest dues taken together. Deposits in different banks are separately insured with each deposit eligible for Rs1lakh cover. Insurance cover is available across savings accounts, current accounts, recurring and fixed deposit accounts.
9. What is meant by credit score?

It is the statistical summary of the individual bits of information on the credit report of an entity. A credit score predicts how likely it is that a company or individual will repay debts. Banks use this information to take a decision whether to sanction the loan or not and if so, the applicable rate of interest.
10. What is Plastic Money?
With the increasing use of credit, debit cards for withdrawal of cash from ATMs, the use of the term plastic money is common. These cards being of plastic facilitating availability of cash or money to the card holder, have come to be referred commonly as plastic money.
11. What is Free look period for insurance policies?
Free look period is a fortnight given to a new insurance policy holder to examine the life insurance contract that he has signed. In case he does not want to continue with it, he can rescind the contract and the insurance company shall refund the amount paid. In India IRDA has made it mandatory for all insurance companies to grant 15 days free look period. The free look period starts from the day of receipt of policy documents by an individual and the cancellation of the policy must be intimated to the insurance company within this time period.
12. What are Riders on an insurance policy?
The riders are meant to provide additional cover against risks. Depending upon the risk perception additional covers can be brought with the basic policy. These riders may cover accidental death, critical illnesses, disability etc. Though extra premium would be charged for each of the additional risk covers it would still be much less when compared to separate policies.
13. Give some examples of Functions of Finance?
Determination of the financial requirements of the firm, obtaining necessary finance from the necessary sources at minimum possible cost & allocation of finance in different assets. In simple terms the finance fuinctions are raising of funds, planning for funds and allocation & control of funds.
14. What do you mean by profit maximization?
Profit maximization is the indicator of economic efficiency. It includes measurement of success of business decisions. It is also a source of incentives.
15. Is there any difference between a finance manager and treasurer?
The major functions of a a treasurer are management of Cash, Management of Credit , Management of pensions and overlooking the banking transactions. He is subordinate to finance manager in big firms however the finance manager may perform the duty of a treasurer in small firms or vice versa.
16. What kind of decisions a Finance Manager has to make in a firm?
The main decision is financial analysis & performance appraisal, making financing decisions, Investing decisions and dividend decisions. He plays an important role in Financial Control, Dividend Decisions, Management of Income and Financial analysis. Besides he also plays an important role in amalgamation, reconstruction, liquidation decisions, continuous audits, co-ordination in funds, preparation of cost account and maintaining adequate liquidity.
17. What does come under financial Control?
The financial control involves Accounting functions, control planning and audit and tax Administration apart from this.
18. What is the meaning of value in a business?
Value in simple means is a worth of an asset, security or a business. There are certain kinds of value like Market value, Intrinsic value, Liquidation value, replacement value etc.
19. What is market value?
Market value is the price which is present in market. It is different from intrinsic value which is a synonym to net Assets, Liquidation value is the value at wind up and Salvage value is the scrap value.
20. Can you give some examples of all these?
Yes, For example any price given in a price list or a quotation is a market value, any price which is realizable for any asset is liquidation value. If the same asset has to be replaced with a new asset then it becomes the replacement value, and lastly the cost incurred in removing the asset from the premises is called Scrap value.
21. Ok, on what does this value imply upon?
The value may imply upon valuation of a plant, machinery, intangible assets of the firm like Goodwill, Tangible assets like Stock and even human resources.
22. Ok then what is Fair value?
Fair value is an average of market value and book value. Book value is the value given in the balance sheet of the company. Market value is the economic value which is also called as present value.
23. How valuations are done?
Valuation can be by several approaches. For example, asset based approach, earning based approach, market value based approach etc.
24. Suppose you are starting a business. Which kind of sources of finance you will require to start your business as you need working capital and current assets?
The arrangement of working capital and current assets can be done by short-term sources. The short term sources are trade credit, short term bank finance and also public deposits.
25. But suppose, you are given an option to go for either trade credit or Bank loans which option you will choose?, keep in mind that you are in a new business.
Trade credit is in most cases not available to new customers as it depends upon the intangible assets of the business like goodwill and brand. Besides, trade credit is also not advisable as high price is charged in credit purchases. Sometimes, low quality or inferior good are to be accepted.
26. Ok, then what are the other options?
Bank loans such as overdraft, cash credit, discounting of trade bills and loans and advances are options.
27. What is the main function of Competition Commission of India?
CCI is an independent body which become operational w.e.f. May 20, 2009 and is responsible for investigating the mergers, market shares & conditions besides regulating firms. CCI will ultimately replace the Monopolies and Restrictive Trade Practices Commission (MRTPC) of India.
28. What is Lead Bank Scheme?
Lead bank scheme was introduced around 40 years ago and recently it was in the news as a high level committee chaired by RBI Deputy Governor Usha Thorat was constituted to review and revitalize this scheme. The scheme aims at facilitating credit delivery to the farfetched areas of India. There are members of the committee from NABARD and SIDBI. Thus the scheme focuses upon financial inclusion.
The Opinion of this committee is that full financial inclusion is possible only if it makes a facility of opening of no frill accounts backed by other specialized services.
29. What are Nostro & Vostro Accounts ?
A nostro account is maintained by an Indian Bank in the foreign countries for a facility of easy clearing of their transactions. For instance, if the bank pays a demand drawn on it by its correspondent bank, there is no delay because the foreign corresponded bank would already have credited the nostro account of the paying bank while issuing the demand draft.
A vostro account is maintained by a foreign bank in India with their corresponding bank.
30. From which country India imports maximum?
From China. Import from China was $ 24.16 billion in 2008-09, which got doubled in 3 years. This is 10.3 % of all the imports of India.
31. What is Gold Standard?
A system of setting currency values whereby the participating countries commit to fix the prices of their domestic currencies in terms of a specified amount of gold.
32. What is a Free Float Exchange Rate system?
An exchange rate system characterized by the absence of government intervention. Also known as a clean float

33. What are Special Drawing rights SDR?
SDR are new form of international reserve assets, created by the International Monetary Funds in 1967. The value of SDR is based on a portfolio of widely used currencies and they are maintained as accounting entries and not as hard currency or physical assets like Gold.
34. What are the requirements to open a New Branch in Rural Area?
Since 2006, RBI has approved the opening of new branches only on the condition that at least half of such branches are opened in under-banked areas as notified by the regulator.
The opening of branches by banks is governed by the provisions of Section 23 of the Banking Regulation Act, 1949. In terms of these provisions, banks cannot open a new place of business in India or abroad or change otherwise than within the same city, town or village, the location of the existing place of business without the prior approval of the Reserve Bank of India (RBI). Thus, it is mandatory for RRBs to seek prior approval/ license from Rural Planning and Credit Department (RPCD) of RBI before opening of new branches/offices.
RRB should fulfill the following conditions to become eligible for opening of new branch/es.
1. It should not have defaulted in maintenance of SLR and CRR during the last two years.
2. The RRB should be making operational profits, its net worth should show improvement 3. Its net NPA ratio should not exceed 8 per cent.
35. What is concept sustainable Development?
Meeting the needs of the present without compromising the ability of future generations to meet their needs is called sustainable development. This concept is popular in present context of development.
36. What is the meaning of Financial Inclusion?
Today is is well recognized that large population of India is out of reach of the formal banking services. Financial inclusion is the concept which has been floated to bring the most of the rural population / area under the net of the financial and banking services.
37. What is a fiscal deficit?
A deficit in the government budget of a country and represents the excess of expenditure over income. So this is the amount of borrowed funds required by the government to meet its expenditures completely.
India's fiscal deficit widened to Rs. 541.58 billion in April, 2009 as compared to Rs. 329.39 billion rupees in April 2008.
38. What is Black Money ?
Black Money is the unaccounted money concealed from the tax authorities. The black money runs a parallel economy adversely affecting the distribution of wealth & income in the economy. The total amount of black money globally is estimated between $2.1 and 2.5 trillion. This is roughly about seven percent of the world’s GDP.
39. What is a Black Market?
A black market is an illegal market, in which something is bought and sold outside of official government-sanctioned channels. Black markets tend to arise when a government tries to fix a price without itself providing all of the necessary supply or demand. Black markets in foreign exchange almost always exist when there are exchange controls.
40. What is a blue chip company?

Why it is blue color only used in such companies?
A blue chip is concerned with stocks & shares of company, which are well established and whose purchase is considered extremely safe. Due to stable earnings and no extensive liabilities these companies are called blue chip companies.
The term blue chip comes from casinos, where blue chips stand for counters of the highest value. Most blue chip stocks pay regular dividends, even when business is faring worse than usual.
41. What is a direct Tax?
A direct tax is that which is paid directly by someone to taxing authority. Income tax and property tax are examples of direct tax. They are not shifted to somebody else.
42. What is an Indirect Tax?
This type of tax is not paid by someone directly to the authorities and it is actually passed on to the other in the form of increased cost. They are levied on goods and services produced or purchased. Excise tax, Sales tax, VAT are indirect taxes.
43. What are LDCs or Least Developed Countries?
Least Developed Countries (LDCs) are countries which as per United Nations show the lowest indicators of socioeconomic development.
They have lowest Human Development Index ratings of all countries in the world.
A country which has three-year average Gross national Income per capita of less than US $750 is tagged as LDC. a LDC must have an income of $ 900 to escape this tag. Besides if thse countries show human resource weakness based on indicators of nutrition, health, education and adult literacy and also or economic vulnerability based on instability of economy . Currently UN has tagged 49 countries in LDC. India is not an LDC.
44. What are Middle Income Countries ?
Middle-income countries (MICs) are the 86 countries that fall into the middle-income range set by the Bank's World Development Indicators. They account for just under half of the world's population; are home to one-third of people across the globe living on less than $2 per day; and are found in all six of the Bank's geographical regions. They cover a wide income range, with the highest income MIC having a per capita income 10 times that of the lowest.
45. What is Policy of Laissez Faire?
Laissez Faire is a French term and means no interference. It is a doctrine that states that government generally should not intervene in the marketplace.
46. What is the difference between Monopoly and Monopsony ?
In monopsony only one buyer faces many sellers. So this is called Buyer's Monopoly. It is a rare situation in today's economy.
In monopoly one seller faces many buyers. As the only purchaser of a good or service, the "monopsonist" may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers.
47. What is Balance of Trade?
The value of a country's exports minus the value of its imports. Unless specified as the balance of merchandise trade, it normally incorporates trade in services, including earnings (interest, dividends, etc.) on financial assets.
48. What is Balanced Trade?
When A balance of trade equal to zero. (exports-imports=0)
49. What is Balance of merchandise trade?
The value of a country's merchandise exports minus the value of its merchandise imports.
50. What is a favorable balance of trade?
It is the difference between exports and imports. Debit items include imports, foreign aid, domestic spending abroad and domestic investments abroad. Credit items include exports, foreign spending in the domestic economy and foreign investments in the domestic economy. A country has a trade deficit if it imports more than it exports; the opposite scenario is a trade surplus.
51. What is Balance of Payments?
A list, or accounting, of all of a country's international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; payments out of the country (payments) are entered as negative numbers called debits. A single number summarizing all of a country's international transactions: the balance of payments surplus.
52. What is Balance of payments adjustment mechanism?
Any process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium
53. What is Monopolistic Competition?
A market structure in which there are many sellers each producing a differentiated product. Each can set its own price and quantity, but is too small for that to matter for prices and quantities of other producers in the industry.
54. What is MFN?
MFN stands for Most Favoured Nation. The principle, fundamental to the GATT, of treating imports from a country on the same basis as that given to the most favored other nation. That is, and with some exceptions, every country gets the lowest tariff that any country gets, and reductions in tariffs to one country are provided also to others.
55. What is Gold Standard
A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.
56. What is Balance on capital account?
A country's receipts minus payments for capital account transactions.
57. What is Balance on current account ?
A country's receipts minus payments for current account transactions. Equals the balance of trade plus net inflows of transfer payments.
58. What is a Balanced budget ?
A government budget surplus that is zero, thus with net tax revenue equaling expenditure. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.
59. What is balanced growth of an Economy?
Growth of an economy in which all aspects of it, especially factors of production, grow at the same rate.
60. What is a Bank rate
The interest rate charged by a central bank to commercial banks for very short term loans.
61. What is a Repo?
Repo is “Repurchase Agreement. An agreement to sell a security for a specified price and to buy it back later at another specified price. A repo is essentially a secured loan.
62. What is Repo Rate?
Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive. On March 4, 2009 it was 5% in India (please check the latest figure by RBI)
63. What is CRR Rate in India?
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.
64. What is a Reverse Repo Rate?
Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. It can cause the money to be drawn out of the banking system. Due to this fine tuning of RBI using its tools of CRR, Bank Rate, Repo Rate and Reverse Repo rate our banks adjust their lending or investment rates for common man. On March 4, 2009 Reverse Repo Rate is 3.5% (please check latest rate by RBI)
65. 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.
66. How is SLR determined?
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. .
67. What is the Need of SLR?
With the SLR (Statutory Liquidity Ratio), the RBI can ensure the solvency a commercial bank. It is also helpful to control the expansion of Bank Credits. By changing the SLR rates, RBI can increase or decrease bank credit expansion. Also through SLR, RBI compels the commercial banks to invest in government securities like government bonds.
68. What is the main use of SLR?
SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.
69. What is Inflation in India?
Increase in the overall price level of an economy, usually as measured by the CPI /WPI or by the implicit price deflator. 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 less 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.
70. What is Deflation?
A fall in the general level of prices. Unlikely unless the rate of inflation is already low, it may then be due either to a surge in productivity or, less favorably, to a recession. 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.
71. What is a Barter economy?
An economic model of international trade in which goods are exchanged for goods without the existence of money. Most theoretical trade models take this form in order to abstract from macroeconomic and monetary considerations.
72. What is Basel I?
Also known at Basel Capital Accord, this was an agreement in 1988 by the Basel Committee of central bankers to measure the credit risk of commercial banks and set minimum standards for bank capital in order to reduce the likelihood of international repercussions due to bank failures.
73. What is Basel II?
The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures. It seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face. In addition, the Basel II Framework is intended to promote a more forward-looking approach to capital supervision, one that encourages banks to identify the risks they may face, today and in the future, and to develop or improve their ability to manage those risks. As a result, it is intended to be more flexible and better able to evolve with advances in markets and risk management practices.
The efforts of the Basel Committee on Banking Supervision to revise the standards governing the capital adequacy of internationally active banks achieved a critical milestone in the publication of an agreed text in June 2004.
74. What is a Beggar thy neighbor policy?
For a country to use a policy for its own benefit that harms other countries. Examples are optimal tariffs and, in a recession, tariffs and/or devaluation to create employment.
75. What is a Bill of Lading?
This term is normally used in shipping industry. The receipt given by a transportation company to an exporter when the former accepts goods for transport. It includes the contract specifying what transport service will be provided and the limits of liability.
76. What is the use of color boxes in WTO category of subsidies?
Used with a color, a category of subsidies based on status in WTO: red=forbidden, amber or orange=go slow, green=permitted, blue=subsidies tied to production limits. Terminology seems only to be used in agriculture, where in fact there is no red box.
77. There are mainly two types of liabilities on any bank:
Demand Liabilities: The liabilities which bank have to pay on demand. Current deposits, demand liabilities portion of savings bank deposits, margins held against letters of credit/guarantees, balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits, outstanding Telegraphic Transfers (TTs), Mail Transfer (MTs), Demand Drafts (DDs), unclaimed deposits, credit balances in the Cash Credit account and deposits held as security for advances which are payable on demand come under Demand Liabilities.
Time Liabilities: The liabilities which bank have to pay after specific time period. Fixed deposits, cash certificates, cumulative and recurring deposits, time liabilities portion of savings bank deposits, staff security deposits, margin held against letters of credit if not payable on demand, deposits held as securities for advances which are not payable on demand and Gold Deposits come under Time Liabilities.
78. What is REER Model in Currency Markets?
There is difference between the exchange rate of a currency and the real value of a currency. A Nominal Effective Exchange Rate (NEER) is weighted with the inverse of the asymptotic trade weights. A Real Effective Exchange Rate (REER) adjusts NEER by appropriate foreign price level and deflates by the home country price level. Thus REER model is more useful in determining the real value of a currency.
79. What is Alpha Factor in Financial Markets?
Alpha Factor is the concept which basically measures the inherent volatility of a particular share. For example, a share which has an Alpha Factor for example 1.5 is slated to rise in price by 50% in a year on its inherent strength such as growth in earnings per share , regardless of inherent strength such as growth in earning per share regardless of the market behavior.
80. Corporate Tax:
This tax is imposed on the profits of companies or organizations. It is also depend on the profits shared to the shareholders. Currently 33.9 % corporate tax is levied on the companies. But in Direct Tax Code, which is going to be implemented from 1 April 2011, it is proposed to be at 30%.
81. Capital Gain Tax
This tax is levied on the sale of capital assets/equities. The “Gain” here means the difference of price of asset/share when purchased and when sold. The tax is levied on that gain. For the Capital Assets the time limit is minimum three years but in the context of equities it is minimum one year.
82. Direct Taxes:
As the name suggests Direct tax means the tax which is directly paid to the government by individuals and the companies.
Ex: Corporate Tax, Personal Income Tax, Securities Transaction Tax, Banking Cash Transaction Tax, and the Fringe Benefit Tax
83. Indirect Taxes:
As the name suggests Indirect Taxes are those taxes which are paid indirectly to government by the individuals or the companies.
Ex: Sales Tax, Service Tax, Custom and Excise Duties, VAT and Anti-Dumping Duties
84. What is Security Transaction Tax?
Security Transaction Tax (STT) is levied on all the transactions done on the stock exchange. This tax is levied on purchase of equity, sale of equity, derivatives, equity oriented funds and equity oriented Mutual Funds. Current rate of this tax is 0.075% on equity.
85. What is Service Tax?
Service tax is tax paid on the services provided in the country. According to Finance Act 1994, all service provider of the country except in the Jammu and Kashmir have to pay service tax. This tax comes under Indirect Tax. Currently 10% tax is surcharged as service tax.
86. Excise Duty :
According to Central Excise act 1944 and the Central Excise Tariff Act 1985, every manufacturer of the goods in the country has to pay Excise duty. Most of the products attract 16% excise duty But in case of some products it more than that.
87. Custom Duty:
The custom duty in India is regulated by Customs Act of 1962. This duty is imposed on the imported and exported goods in the country. This duty is one of the most important duty because it hampers illegal import and export of goods
88. What is Fringe Benefit Tax?
This tax is imposed on the fringe benefits provided by the company to their employee. Here fringe benefit means non wage compensation which are given to employees by their company. This duty was initiated from 1 April 2005 under the Finance Act 1995.
89. Fiscal Policy:
All the policies taken by the Government to control the economy of the country are called Fiscal Policies. The two main instrument of fiscal policy are government expenditure and taxation. How government decides taxes, collect them and spend them comes under the fiscal policy. In broad level all the action done by government to maintain the economy is collectively called fiscal policy.
90. Monetary Policy:
The actions taken by Reserve Bank of India, which is the monetary authority, to control the economy is collectively called Monetary Policy. Time to time RBI makes changes in the various rates like CRR, Repo Rate, Reverse Repo Rate, SLR etc. to maintain the supply of money that is liquidity in the system.
91. Microeconomic Policy:
How the individual firms, markets, the households are using resources and making the country productive is being measured in Microeconomic policy. In these policies the centre of attraction is on very small level of the economy as it will collectively help the country to become more competitive.
92. Which Constitution amendment Bill seeks to add Service tax in Union List?
The 95th amendment in the Constitution brought Services in India under the purview of Value Added Tax system. Currently 10% tax is levied on the Services