Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts

Friday, May 4, 2018

Current Affairs APRIL 2018- YOJNA MAGAZINE PDF


Current Affairs April 2018- YOJNA MAGAZINE PDF 

The most important thing is to get the right thing done at the right time, here are some pdf magazine for you to summarize the current affairs updates of April 2018. 



YOJNA (APRIL 2018):: CLICK HERE 

Monthly Policy Review:: CLICK HERE

CURRENT AFFAIRS MONTHLY-APRIL 2018:: CLICK HERE






Monday, April 30, 2018

Daily Dose of Editorials- 30th April 2018- Reading Comprehension

Daily Dose of Editorials- 30th April 2018
 Reading Comprehension

hi guys!!!

I hope you have enjoyed the weekend. GET BACK TO WORK( HARD WORK) 

"If you want to shine like the sun, first burn like the sun"


HERE IS YOUR EDITORIAL DOSE FOR TODAY::

THE HINDU:: CLICK HERE

THE INDIAN EXPRESS:: CLICK HERE 

THE FINANCIAL EXPRESS:: CLICK HERE



Friday, April 27, 2018

Reasoning Puzzle PDF - IBPS-PO 2018

Reasoning Puzzle PDF 
 IBPS-PO 2018 

Puzzle is the king of Reasoning :)

Here you go::

PUZZLES- CLICK HERE

CODING DECODING:: CLICK HERE

SEATING ARRANGEMENT:: CLICK HERE






ALL THE BEST















Thursday, April 26, 2018

Magazines PDFs Free Download - IBPS-PO 2018

Magazines PDFs Free Download 
 IBPS-PO 2018 


Hi Future Bankers, 

As I told you before that I will Provide you the right resource at the right time. It is high time you should start preparing seriously. 

All you have to do is tapasaya, TAPASAYA and TAPASAYA.


HERE YOU GO...








use your failure 









Tuesday, April 24, 2018

Daily Dose of Editorial- 24th April- Reading Comprehension Practice

Daily Dose of Editorial- 24th April
Reading Comprehension Practice

HI Future Bankers!!!

I am trying to provide you the best and basic building block for the preparation of IBPS-PO 2018.

Here you go with the daily editorials dose...

THE HINDU:: CLICK HERE 

THE INDIAN EXPRESS:: CLICK HERE

THE FINANCIAL EXPRESS:: CLICK HERE





READ IT, ANALYZE IT AND WRITE IT.

I will provide you my analysis on the editorial topics soon.

"ENJOY THE DAY AND BURN IN THE NIGHT...

YOU HAVE TO WRITE, NO LEFT NO RIGHT....

:)
THIS IS ME WHO ACTUALLY FIGHT,
TO MAKE OUR FUTURE REALLY BRIGHT."















Monday, April 23, 2018

IBPS-PO 2018- Motivational Update- This is your time- DO IT.

IBPS-PO 2018 
Motivational Update
This is your time- DO IT

Hi guys,

I failed the final round of IBPS-PO VII. I was shocked; I expect good marks in interview. It was good and I was ready with my "success story" to be published on BA page. 

I was so happy and waiting for the 1st of April. OH!!! 

I FAIL...

And I land here; with you. I want to prepare harder this time but not alone. I want to share every single resource for free with you here. I want to provide you the best practice worksheet for IBPS-PO 2018. 

I hope most of you have qualified their prelims and even mains, so it's time to revise smartly. 



Don't overthink!!! USE your FAILURE as your IMAGINATION...

useyourfailure




Sunday, April 22, 2018

CLOZE TEST- ENGLISH SECTION PRACTICE-IBPS-PO

CLOZE TEST- ENGLISH SECTION PRACTICE

IBPS-PO







Directions (1-13): 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.

Actually every day we all are engaged in this business of ‘reading’ people. We do it (1) We want to figure others out. So we (2) make guesses about what others think, value, want and feel and we do so based on our (3) beliefs and understandings about human nature. We do so because if we can figure out (4) and intentions of others the possibility of them (5) or hurting us, (6) and this will help us to (7) a lot of unnecessary pain and trouble. We also make second-guesses about what they will do in future, how they will (8) if we make this or that response. We do all this second guessing based upon our (9) of what we believe about the person’s inner nature (10) his or her roles and manners.

We mind-read their (11) motives also every day we misguess and misread. Why? because of the complexity, (12) and multidimensional functioning of people. After all how well do you 'read' your own thoughts, aims, values, motives, beliefs, etc. How well do you know your own structuring process your own thinking and (13) styles?

1.

(a) vehemently

(b) practically

(c) actually

(d) incessantly

(e) virtually

2.

(a) ably

(b) constantly

(c) partly

(d) largely

(e) positively

3.

(a) futuristic

(b) proactive

(c) reactive

(d) decorative

(e) assumptive

4.

(a) manifestations

(b) expressions

(c) motives

(d) hopes

(e) prospects

5.

(a) tricking

(b) blaming

(c) furthering

(d) alarming

(e) criticising

6.

(a) lessens

(b) happens

(c) questions

(d) deepens

(e) laments



7.

(a) approach

(b) direct

(c) avoid

(d) implement

(e) prepare

8.

(a) solve

(b) apply

(c) plan

(d) approach

(e) respond

9.

(a) projection

(b) exhibition

(c) situation

(d) prediction

(e) attribution

10.

(a) organizing

(b) underneath

(c) appreciating

(d) proposing

(e) outside

11.

(a) cunning

(b) visible

(c) deeper

(d) obvious

(e) proposed

12.

(a) abnormality

(b) angularity

(c) focus

(d) layeredness

(e) contribution

13.

(a) proposing

(b) developing

(c) upbringing

(d) lamenting

(e) emoting

SOLUTIONS:


1. (d) incessantly
2. (b) constantly
3. (e) assumptive
4. (c) motives
5. (b) blaming
6. (a) lessens
7. (c) avoid
8. (e) respond
9. (d) prediction
10. (a) organizing
11. (c) deeper
12. (d) layeredness
13. (e) emoting

Directions (14-23): 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.

After ten years of (14) inflation, prices have spiked 7.5% in the third week of July. This looks scary-after all, Indians had got used to prices crawling up by 2% in the last two years,
and a 10-year average inflation rate of about 5%-but you shouldn't worry. This burst of inflation is the result of three factors that have come together unexpectedly, are unlikely to (15) for long and are unlikely to (16) up together again A (17) rise in global oil prices, a monsoon that arrived late and a spike in global metal prices. North Sea crude has crossed $42 per barrel, driven up by low petroleum (18) and soaring demand in the US as war production heats up. Oil markets are also spooked by the (19) of Russian oil supplies falling on the back of the Yukos-Sibneft probe. There's little that the government can do to (20) users from soaring oil prices-indeed, it shouldn't, if it wants to (21) efficiency. Higher transport costs have pushed up rates of vegetables and fruits; farm produce could also get affected by rains that arrived too late for Kharif sowing.

China is (22) up steel and other metals from all over the world to (23) a construction boom ahead of the 2008 Olympics, making metal prices soar all over the world, and sparking inflation in India.
14.

(a) mere

(b) moderate

(c) retarding

(d) vehement

(e) dull

15.

(a) obstinate

(b) constitute

(c) persist

(d) repeat

(e) normalize

16.

(a) go

(b) scramble

(c) mount

(d) yield

(e) crop

17.

(a) sustained

(b) suspicious

(c) horrific

(d) erratic

(e) favourable

18.

(a) lists

(b) trades

(c) services

(d) inventories

(e) details

19.

(a) prospect

(b) progress

(c) view

(d) extent

(e) deposit

20.

(a) support

(b) ignore

(c) propel

(d) prolong

(e) insulate

21.

(a) position

(b) promote

(c) process

(d) pass

(e) form

22.

(a) hurrying

(b) passing

(c) pairing

(d) gobbling

(e) throwing

23.

(a) keep

(b) make

(c) feed

(d) grow

(e) fight

SOLUTIONS:


14. (b) moderate
15. (c) persist
16. (e) crop
17. (c) horrific
18. (b) trades
19. (c) view
20. (e) insulate
21. (b) promote
22. (d) gobbling
23. (b) make


Friday, April 20, 2018

BANKING AWARENESS- IBPS-PO 2018

BANKING AWARENESS
IBPS-PO 2018


1. What is the Banking Ombudsman Scheme?

The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. 


2. Who is a Banking Ombudsman?

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services covered under the grounds of complaint specified under Clause 8 of the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017).

3. How many Banking Ombudsmen have been appointed and where are they located?

As on date, twenty Banking Ombudsmen have been appointed with their offices located mostly in state capitals. The addresses and contact details of the Banking Ombudsman offices have been provided under Annex I of the Scheme.

4. Which are the banks covered under the Banking Ombudsman Scheme, 2006?

All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.

5. What are the grounds of complaints?

The Banking Ombudsman can receive and consider any complaint relating to the following deficiency in banking services:

non-payment or inordinate delay in the payment or collection of cheques, drafts, bills etc.;

non-acceptance, without sufficient cause, of small denomination notes tendered for any purpose, and for charging of commission in respect thereof;

non-acceptance, without sufficient cause, of coins tendered and for charging of commission in respect thereof;

non-payment or delay in payment of inward remittances ;

failure to issue or delay in issue of drafts, pay orders or bankers’ cheques;

non-adherence to prescribed working hours ;

failure to provide or delay in providing a banking facility (other than loans and advances) promised in writing by a bank or its direct selling agents.



Q6. What is KYC? Why is it required?

Response: KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts. Banks are also required to periodically update their customers’ KYC details.

Q7. What are the KYC requirements for opening a bank account?

Response: To open a bank account, one needs to submit a ‘proof of identity and proof of address’ together with a recent photograph.

Q8. What are the documents to be given as ‘proof of identity’ and ‘proof of address’?

Response: The Government of India has notified six documents as ‘Officially Valid Documents’ (OVDs) for the purpose of producing proof of identity. These six documents are Passport, Driving Licence, Voters’ Identity Card, PAN Card, Aadhaar Card issued by UIDAI and NREGA Job Card. You need to submit any one of these documents as proof of identity. If these documents also contain your address details, then it would also be accepted as ‘proof of address’. If the document submitted by you for proof of identity does not contain address details, then you will have to submit another officially valid document which contains address details.



NOUN- ENGLISH SECTION-PRACTICE SHEET (SPOT THE ERROR)



NOUN- ENGLISH SECTION

PRACTICE SHEET (SPOT THE ERROR)


Types of Noun

1. PROPER NOUN – special words (names) that we use for a person, place or organization

2. COMMON NOUN- man, girl, cat, table, fish, love, pride, phone

3. COLLECTIVE NOUN- class, army, board, council, school

4. ABSTRACT NOUN- that you can’t sense, it’s the name given to an emotion or idea.

5. COUNTABLE NOUN-one cow, two books, three boys

6. UNCOUNTABLE NOUN- work, news, mail, coffee, information

7. POSSESSIVE NOUN- Apostrophe (‘s)




1. It had (a) /all begun (b) / in brightly lit room as I dreamily ran (c) / my fingers over the surface (d)/ of a globe. No error (e)

2.The angry at being (a)/ left out of the bonanza (b) / is palpable among (c) / employees of the organisation. (d) / No error(e)

3. The city needs an airport (a) / that can efficiently manage (b)/ a constantly flow of (c) / passengers and flights. (d) / No Error (e)

4. He had telephoned yesterday to (a)/ ask how much of the youth (b) / who attend our classes would be (c)/ interested in working for a textile company. (d)/ No error (e)

5. In 60’s Beatless, with (a) / their haircuts, clothes and joking (b)/ drew (c)/ crowds of shrieking teenagers (d) / All correct (e).

6. While (a) / a strong defend (b) / is important to any country it cannot be more important than the livelihood (c) /of its citizens (d)/ All correct (e).

7. Without a doubt, (a) / Ahmed is the most (b) / sincere of all the (c) /student in the class. (d)/ No error. (e)

8. I saw only (a)/ five police who (b)/ were running after (c)/ the bank robbers. (d)/ No Error (e)

9. He gave me (a)/ two important informations (b)/ I had been waiting for (c)/ the previous two Months (d)/ No Error (e)

10. These type of books (a)/ are certainly helpful to the students (b)/ preparing for the banking service (c)/ Examinations. (d)/ No Error (e)

11.“I have never seen (a)/ such as lovely spectacles (b)/ in my life”, said (c)/ the passer-by. (d)/ No Error (e)

12. When he returned (a)/ from America, he informed me (b)/ that he had come here (c)/ to do urgent work. (d)/ No error (e)

13. I do my best (a)/ but I don’t understand (b)/ why I do not get expected (c)/ marks in the examination. (d)/ No error (e)

14. The pretty woman (a)/ sitting in the car (b)/ is the daughter of one of (c)/ the headman of the village. (d)/ No error (e)

15. You will not be (a)/ allowed to go (b)/ anywhere else to (c)/ play outdoor games. (d)/ No error (e)

16. The beautiful surrounding (a)/ of the palace (b)/ attracted a large number of (c)/ tourists coming from abroad. (d)/ No error (e)

17. He did not know (a)/ that the headquarter (b)/ of the army (c)/ was in Delhi. (d)/ No error (e)

18. Liberalization of economy (a)/ has given birth to (b)/ many uncommon (c)/ phenomenon in the society.(d)/ No error (5e)

19. Thousands of young (a)/ protesters were standing (b)/ at Jantar Mantar and (c)/ supporting Anna Hazare. (d)/ No error (e)

20. It is very difficult (a)/ to chase (b)/ a huge score in the (c)/ fourth inning. (d)/ No error (e)

21. He gave me (a)/ a five-rupees note (b)/ and asked me to get (c)/ him a few cigarettes. (d)/ No error (e)

22. I trust you will (a)/ show forbearance to me (b)/ a few minutes more (c)/ so that I can finish this work. (d)/ No error (e)/

23. I went to the temple (a)/ with my parents, aunts (b)/and cousin sisters. (c)/ No error (d)

24. The manager put forward (a) /a number of criterions (b) /for the post. (c)/ No error (d)

25.I like (a)/ the poetries (b)/ of Byron and Shelly. (c)/ No error (d)

26. No porter being available (a)/ he carried (b)/ all his luggages himself. (c)/ No error (d)

27. The table’s legs (a)/ have been (b)/ elaborately carved. (c)/ No error (d)

28. He told me that (a)/ it was (b)/ his friend’s Shankar’s house.(c)/ No error (d)

29. The astronomer (a)/who predicts the future (b)/ has arrived.(c)/ No error (d)

30. According to economics (a)/ not more than five per cent (b)/ of education loans taken (c)/ by student are overdue. (d)/ No error (e)

31. Santosh live (a)/ by the principals (b)/ he professes. (c)/ No error (d)

32. All the evidences were (a)/ against him and he was (b)/ held guilty. (c)/ No error (d)

33. There should be(a)/ no furnitures (b)/ in my room .(c)/ No error (d)

34. She immediately quit (a)/ the job in which (b)/ neither the skill nor (c)/ knowledge were required. (d)/ No error.(e)

35. That house(a)/ is built of (b)/ stones.

(c)/ No error (d)

36. The Cattle in the meadow (a)/ was terrified to hear (b)/ the roar of a lion which appeared to be wild with anger.(c)/ No error (d)

37. The committee (a)/could not come to (b)/ a final conclusion.(c)/ No error (d)

38. When we reach the fair(a)/ we found that there (b)/ was no place to stand.(c)/ No error (d)

39.Alms(a)/ are given (b)/ to the poors (c)/ of Jammu and Kashmir . (d)/ No error (e)

40. A strong breeze(a)/ blew his(b)/ cap off. (c)/ No error (d)

41. He had telephoned yesterday to (a)/ ask how much of the youth (b)/ who attend our classes would be (c)/ interested in working for a textile company.(d)/ No error (e)

42. Last week’s sharp hike in the wholsale price of beef (a)/ is a strong indication for (b)/ higher meat costs to come.(c)/ No error (d)

43. He was advised to take(a)/ two spoonsful of (b)/ medicine threee times a day .(c) /No error (d)

44. One of the firmest belief among the Hindus is that (a)/ Karma affects their (b) /life and also the life after death .(c)/ No error (d)

45. Whenever he goes to Mumbai (a)/ he stays in (b)/ five-stars hotels (c)/ No error (d)

46. Lasers are (a)/ indispensable tools (b)/ for the delicate eyes surgery.(c)/ No error (d)

47. The company has ordered (a)/ some (b)/ new equipments .(c)/ No error (d)

48. The driver showed (a)/ great talent in keeping (b)/ the damaged car under control. (c)/ No error (d)

49. It is a big blunder (a)/ but we had (b)/ to ignore it .(c)/ No error (d)

50. The police have received (a)/ two important informations (b)/ that can help them to solve the triple murder case.(c)/ No error(d)

SOLUTIONS:

1. (d) Here, surface (noun) should be used.

2. (a) Here, a Noun i.e. The anger at being …. should be used .

Look at the sentences:

He was filled with anger.(Noun)

Hundreds of angry demonstrator filled the square.(Adjective)

3. (c) An adjective qualifies a noun. Hence, a constant (Adjective) flow (Noun) ….Should be used.

4. (b) Before countable Nouns/Pronouns, ‘how many’ should be used. Hence, replace ‘ask how much of the youth’ by ‘ask how many of the youths’.

5. (b) Noun should be ‘jokes’ not joking used.

6. (b) Noun is needed; so ‘defend’ (verb) should be replaced by ‘defence’.

7. (d) Countable Noun/Pronoun after ‘all ‘ is plural. Hence, replace ‘student in the class’ by ‘students in the class’.

8. (b) Substitute policeman for police (the police uncountable noun but police man countable noun)

9.(b) Substitute information for informations (information is singular uncountable noun and a/an never used before singular uncountable noun).

10.(a) Substitute types for type (these, those, certain etc. are adjective its come after plural noun)

11.(b) Substitute spectacle for spectacles (here spectacle means scenes which singular uncountable noun. e.g. what a beautiful spectacle! = what a beautiful sight)

12. (e) No error

13.(e) No error

14.(d) Replace “headman” with “headmen”.

15.(e) No error

16. (a) Replace “surrounding” with “surroundings”

17. (b) Replace “headquarter” with “headquarters”

18. (d)Replace “phenomenon” with “phenomena”

19. (a) Replace “thousand” with “thousands”

20. (d) Replace “inning” with “innings”.

21. (b) Replace “rupees” with “rupee”

22. (b) In place of forbearance to, we should use forbearance towards.

Forbearance (Noun) means patient self-control; tolerance: show forbearance towards somebody; exercise forbearance in dealing with people.

23.(c) Change ‘cousin sisters’ into ‘cousin’.

24.(b) ‘Criteria’ is plural of ‘criterion’.

25. (b) ‘Poetry’ is an uncountable noun. Hence it is singular and it does not have any plural form.

25. (b) Change ‘luggages’ into ‘luggage’. It is an uncountable noun. Hence it must be in singular form.

26. (c) ‘Table’s legs should be changed into ‘legs of table’. ‘s’ is generally not used with non-living things.

27. (a) Change ‘friend’s’ into ‘friend’. Double apostrophe can’t be used in a sentence.

28. (c) Change ‘astronomer’ into ‘astrologer’. ‘Astrologer’ is one who predicts future.

29.(a) Here, ‘loans’ is Noun. An adjective qualifies a Noun. Hence, use ‘educational’ (Adjective) in place of the word ‘education (Noun)’.

30.(c) Change ‘principals’ into ‘principles’.

31. (b)‘Evidence’ is uncountable noun . It has no plural form . Use singular verb ‘was’.

32. (a)‘Furniture’ has no plural form. Remove ‘s’.

33. (b) When we use Neither … nor, the verb agrees with the number/ person of the noun/ pronoun used after ‘ nor’.

34. (d)Hence, knowledge was required ….will be correct usage.

35. (c) Change ‘stones’ into ‘stone’.

36. (b) ‘Cattle is plural noun. Change ‘was’ into ‘were’.

37.(c) Remove ‘final’. ‘Conclusion’ is always final.

38.(c) Use ‘No room’. ‘Room’ means enough empty space for people or things to be fitted in

39.(c) Change ‘the poors’ into ‘The poor’. ‘The poor’ means the deprived class.

40. (a) ‘Breeze’ is gentle. ‘strong wind’ is the appropriate word here.

41.(b) Before countable Nouns/Pronouns, ‘how many’ should be used. Hence, replace ‘ ask how much of the youth ‘ by ‘ask how many of the youths’.

42. (c) Change ‘costs’ into ‘cost’. Cost as a noun is uncountable and it has no plural form.

43. (b) Use ‘ spoonfuls’ .

44. (a) The ‘ Noun’ that comes after ‘one of the ‘ must be plural. ‘one of the firmst beliefs ‘ is the correct form.

45. (c) ‘Five-star’ is a hyphenated noun which is not used in plural form.

46. (c) ‘Eyes surgery ‘ should be changed into ‘ eye surgery’. ‘Eyes’ noun when used as an adjective should not be used in plural form.

47. (c) ‘Equipment’ is an uncountable noun and has no plural form.

48. (b) Change ‘talent’ into ‘skill’. ‘Talent’ is the natural ability to do something . ‘skill’ requires special training and knowledge.

49. (a) ‘Blunder’ means ‘big mistake’. Hence ‘big blunder’ is superfluous.

50. (b) ‘Information’ is an uncountable noun. To make it countable and plural uses ‘pieces of information’.



Thursday, April 19, 2018

Banking Awareness- Basics and RBI (IBPS-PO)


Banking Awareness- Basics of Banking  

IBPS-PO

Role of Banking
1. It is an intermediary between the surplus money holders and funds needed people, farmers, and businessmen.
2. It also financially facilitate by providing import-export transactions and by balancing economic development in the country.

Central Bank (RBI)


To regulate the banking system and to maintain the balance between government revenue and expenditure of a country, there is a central Bank in a country. In India, the RBI (Reserve Bank of India) is the central bank that formulates the guidelines for the other banks.

Commercial Banks

For accepting deposits and grant loans and advances to the customers

Types of Commercial Bank

1. Public Sector Bank- State Bank of India, Bank of Baroda, Corporation Bank, Dena Bank

2. Private Sector Bank-Axis Bank, ICICI Bank, HDFC Bank

3. Foreign Bank- HongKong and Shanghai Banking Co-operation Bank (HSBC), American Express Bank, Standard and Charted Bank, Citibank

Development Bank

The Financial assistance to businesses for equipment for using latest technology is provided by development banks.

They also facilitate by subscribing to the shares and debentures issued by companies, in the case under subscription of the issue by the public, Industrial Financial Corporation of India (IFCI) and State Financial Corporation of India (SFCs).


Co-operative Banks

When a co-operative Society (People who come together to jointly serve their common interest) involved in banking business then it is known as Cooperative Bank.

Types

State Co-operative Bank – The highest level banks in all the states of the country. The money reaches the individual through the central co-operative society and the primary credit societies.

Central Co-operative Banks – These banks operate at the district level. These act as an intermediary between the State co-operative banks and primary credit societies.

Primary Credit Societies- These societies are at the village or town level. The operations are restricted to the small town areas.


Specialized Bank

EXIM BANK: (Export-Import Bank of India)

1982

Help in Export/Import Business
SIDBI (Small Industries Development Bank of India)

1990

To establish a small scale business unit and industry and to facilitate the modernization of small-scale industry and market activity

INDIAN BANKING SYSTEM

MINISTERY OF FINANCE

RBI

COMMERCIAL BANK

·
(SBI, IDBI, NATIONALIZED BANKS, RRB, PRIVATE BANKS – INDIAN BANK, FOREIGN BANK)

CO-OPERATIVE BANK

· STATE CO-OPERATIVE SOCIETY, CENTRAL CO-OPERATIVE SOCIETY , PRIMARY CREDIT SOCIETIES

DEVELOPMENT BANKS

· EXIM, SIDBI, NABARD, BMB



SBI History

1881- OUDH Commercial Bank

1894- PNB

1913-17 -BANK CRISIS

1949- BANK REGULATION ACT

1955-IMPERIAL BANK (NATIONALIZED SBI)

1959 – 8 Associate Banks (SBI)

1963- SB of BIKANER + SB of JAIPUR

2008- SB of Saurashtra + SB of Indore

RRB (1975)

Initially 5 RRB

1. MORADABAD(U.P)

2. GORAKHPUR (U.P)

3. BHIWANI (HARYANA)

4. JAIPUR (RAJASTHAN)

5. MALDA (WEST BENGAL)

PRATHMA (Ist RRB of India- established 1975 Moradabad (U.P) sponsored by Syndicate Bank)



NABARD: National Bank for Agriculture and Rural Development

(Credit Functions, Development and Promotional Function, Role in Training, Supervisory Functions)

· B. SHIVRAMAN COMMITTEE

· 12-July -1982

· Mumbai

· HEAD- H. K. Bhanwala



Adverb - English Section -Error Correction for IBPS-PO

Adverb - English Section 
Error Correction for IBPS-PO


Ø Simple

Ø Interrogative

Ø Relative


Main verb-Transitive-Intransitive-

Auxiliary Verb- Primary –Modals-

Primary (to be –to have- to do)

Transitive verb:
these are the verbs which require an object after it.

Intransitive: verbs don’t require object.

EXAMPLE:

He hits the ball.

He hits slowly.

He rings the bell.

The bell rings loudly.



Primary: (to be form) : is , am , are, was, were + (Nominative Pronoun)

It is I.

To have: (Has, have had)

SHE HAS HAD THE FOOD.

SHE IS HAVING MANY FRIENDS.



To do: ( do, does, did)

SHE DOES PLAY CRICKET.

I DO PLAY TENNIS.

MODALS:

V 1

Modals + have + V 3

May/Might:

May: Present possibility (Positive) –Request permission (formal way)

Might: Past possibility (negative)

Can/Could:

Can: ability/ Informal request

Could: Remote possibility

Shall/Will

Shall: Uncertainty-Possibility

Will: Conformity

I SHALL WILL WORK HARD TO ACHIEVE MY GOAL.

Shall –Ist person (Uncertainty)

Shall- 2nd or 3rd person ( promise-determination-threat –warning)

SHOULD/WOULD:

SHOULD: advice, suggestion, Prime duty, moral obligation

Would: polite request

MARGINAL AUXILARY VERB (SEMI MODAL)

NEED

DARE

USED TO

OUGHT TO

NEED: necessity

HE NEED NOT GO THERE.

HE NEEDS MY ASSISTANCE.

I DON’T NEED YOUR ADVICE IN THIS MATTER.



USED –TO:

Case of routine, events, habitual

HE USED TO GO FOR A WALK DAILY.

I AM USED TO GETTING UP EARLY IN THE MORNING.



DARE: is used in the case of negative (show anger)

OUGHT TO: Similar to

Should: in case of advice (MORAL DUTY –OBLIGATION)

YOU OUGHT NOT TO SMOKE SO MUCH.

SO –positive ( that)

TOO –negative ( to)

SHE IS SO BEAUTIFUL THAT EVERYONE GOT FASCINATED BY HER.

HE IS SO INTELLIGENT THAT HE CAN’T BE CHEATED.

TOO: additional (Positive)

MUCH TOO: adjective (As Adverb)

TOO MUCH: noun (As Adjective)

HIS WIFE’S RUDE BEHAVIOR GIVES HIM TOO MUCH PAIN.

HIS WORDS WERE MUCH TOO PAINFUL.

VERY MUCH –SINGLE SYLLABLE-

ANIL IS VERY MUCH INTELLIGENT THAN MOHIT.

FAIRLY: (positive) V1 FAIRLY GOOD

RATHER: (negative) V 2 (comparative) RATHER TOO BAD-

INVERSION

Subject + V à V + Subject

· To such an extent

· To such a degree

· Not only –but also

· Only the day before yesterday

· Only last month

· Only in few countries

· Only in this way

· Only then

· At no time

· Under no circumstances-

· On no account

· On no condition

· Round the corner

· Under the tree

“Do it at once”, said Sahil à “Do it at once”, she said.




Wednesday, April 18, 2018

Daily Dose Editorial -18th April - Reading Comprehension

Daily Dose Editorial -18th April

Reading Comprehension


Here is your daily dose of editorials. 

The Hindu:: CLICK HERE

The Indian Express:: CLICK HERE

The Financial Express:: CLICK HERE 



Today, I cry again...

I cried because I feel helpless

I cried because I feel guilty

I cried because I feel unsafe

I cried because "I am a girl"





"The eight people accused of raping and killing an eight-year-old girl on Monday pleaded not guilty and offered to undergo narco tests. As the trial in the case began, the district and sessions judge asked the state crime branch to give copies of the charge sheet to all the accused and fixed April 28 as the next date of hearing.

Of the eight people accused of the crime, one is a juvenile who is also under arrest. He has moved a bail application before a judicial magistrate which is yet to be heard.

The case relates to eight people allegedly holding an eight-year-old girl captive in a small village temple in the state's Kathua district for a week in January this year, sexually assaulting her, and then murdering her. The Kathua rape case trials began a day after protests were staged in various parts of the country by citizens outraged by the heinous crime".

Source: Business Standard, April 16, 2018.









Tuesday, April 17, 2018

National Income- FINANCIAL AWARENESS -IBPS-PO


NATIONAL INCOME
 FINANCIAL AWARENESS
IBPS-PO

National Income

1949- National Income Committee (P. C. Maharan Obis)

1954- Total Income –Re. 8000 Crore.


The monetary value of all goods and services during an FY is National Income

Money

Income Method

Expenditure Method

Value Added Method (Product Method)

Primary Sector -Agriculture

Secondary - Manufacturing

Tertiary – Services

1. Gross-Depreciation NET

2. Factory Cost + Income Tax –Subsidiary = Market Cost

3. Domestic + NFIA = National

4. NFIA ( Net Factor Income From Abroad)

NFIA = Factor Income from Abroad – Factor Income paid to NRI

GDP = NDP ( if Depreciation = 0)

GDP = GNP ( if NFIA =0)

GDPfc = GDPmp ( if IT= Subsidy)



GDP -Gross Domestic Production – is money value of all the final goods and services produces in domestic territory of a country during a year.

GDPmp = NNPfc

GDPmp – Depreciation + NFIA –IT + Subsidy

NDP (Net Domestic Product)

NDP = NNP ( Net National Product)

NDP +NFIA = NNP

GDP-Depreciation = NDP

NNPfc + IT – Subsidy = NNPmp

National Income

There are three methods of measuring National Income.
Value Added Method (Product Method)
Income Method
Expenditure Method

Value Added Method: Value added method measures the contribution of each producing enterprise in the domestic territory of the country.

This method involves the following steps:

(a) Identifying the producing enterprise and classifying them into industrial sectors according to their activities.

(b) Estimating net value added by each producing enterprise as well as each industrial sector and adding up the net value added by all the sectors.

All the producing enterprises are broadly classified into three main sectors namely:

(1) Primary sector-Agriculture and Allied Activities

(2) Secondary sector- Manufacturing Units

(3) Tertiary sector -Services like banking, insurance, transport and communications, trade and professions.

Income Method:

Different factors of production pool their services for carrying out production activities. These factors of production, in return, are paid for their services in the form of factor incomes.

Thus labour gets wages, land gets rent, capital gets interest and entrepreneur gets profits. In other words, whatever is produced by a producing unit is distributed among the factors of production for their services and aggregate of factor incomes of all the factors of production of all the producing units form the subject matter of calculation of national income by income method.

Expenditure Method
:

The various sectors - household sector, business sector and government sector either spend their incomes on consumer goods and services or save a part of their incomes or we can say that they spend a part of their incomes on non-consumption goods (or capital goods). Total expenditure in an economy consists of expenditure on financial assets, on goods produced in preceding periods, on raw materials and intermediate goods and services and on final goods and services produced in the current period.

Gross national expenditure = Consumption expenditure + net domestic investment + net foreign investment + replacement expenditure (i.e., expenditure on replacement investment).

Net national expenditure = Consumption expenditure + net domestic investment + net foreign investment.

The income of a nation can be calculated by four different ways.
GDP – Gross Domestic Product
NDP – Net Domestic Product
GNP – Gross National Product
NNP – Net National Product

Gross Domestic Product (GDP):

Gross domestic product is the money value of all final goods and services produced in the domestic territory of a country during an accounting year. The concept of domestic territory has a special meaning in national income accounting. Domestic Territory is defined to include the following:
Territory lying within the political frontiers, including territorial waters of the country.
Ships and aircrafts operated by the residents of the country between two or more countries.
Embassies, consulates and military establishments of the country located abroad.

GDP at Factor Cost and GDP at Market Price:

The contribution of each producing unit to the current flow of goods and services is known as the net value added. GDP at factor cost is estimated as the sum of net value added by the different producing units and the consumption of fixed capital. Since the net value added gets distributed as income to the owners of factors of production, we can also estimate GDP as the sum of domestic factor incomes and consumption of fixed capital.




In brief GDPFC = GDPMP – IT + S

where IT = Indirect Taxes

S = Subsidies

Net Domestic Product:




While calculating GDP no provision is made for depreciation allowance (also called capital consumption allowance). In such a situation gross domestic product will not reveal the complete flow of goods and services through various sectors. It is a matter of common knowledge that capital goods like machines, equipment, tools, buildings, tractors etc., get depreciated during the process of production. After some time these capital goods need replacement.


NDP = GDP - depreciation

Gross National Product (GNP):
It has already been seen that whatever is produced within the domestic territory of a country in a year is its gross domestic product. It, however, includes, the contribution made by non-resident producers by way of wages, rent, interest and profits. The non-residents work in the domestic territory of some other country and earn factor incomes. For example, Indian residents go abroad to work. Indian banks are functioning abroad. Indians own property in foreign countries.




GNP = GDP + NFIA (where NFIA is the net factor income from abroad)

NFIA (Net Factor Income from Abroad) = Income from Abroad – Income of Foreigners inside the country

Net National Product (NNP):
It can be derived by subtracting depreciation allowance from GNP. It can also be found out by adding the net factor income from abroad to the net domestic product.

Symbolically, NNP = GNP –Depreciation

NNP = NDP + NFIA

NFIA (Net Factor Income from Abroad) = Income from Abroad – Income of Foreigners inside the country

If NFIA is positive i.e., the inflow of factor income from abroad is more than the outflow, NNP will be more than NDP

If NFIA is negative, NNP will be less than NDP and it would be equal to NDP in case the net factor income from abroad is zero.

Important Points: 

1st National Income estimation in 1886 by Dadabhai Nauroji.
After independence for the period of 1948-51, National Income estimate was provided by National Income committee headed by P.C Mahalanobis.
Since 1951, N.I estimation is done by Central Statistical Organisation (CSO) Established in 1950.
CSO presents N.I estimation every year which is also known as National Accounts Statistics (NAS). 

For this purpose, CSO divides the economy is several parts.
GDPFC = GDPMP – IT + S
NDP = GDP - depreciation
GNP = GDP + NFIA (where NFIA is the net factor income from abroad)
NFIA (Net Factor Income from Abroad) = Income from Abroad – Income of Foreigners inside the country
NNP = GNP –Depreciation
NNP = NDP + NFIA 




DREAM BIG AND WORK HARD 


Monday, April 9, 2018

Tho most scary section- ENGLISH SECTION

The Most Scary Section
ENGLISH SECTION


Most of the students have a problem with the English Section in Bank-PO exam. 

You should make your week point strong this time. Fall in love with this section. 

Let's study English in a different way. 

Start from the GRAMMAR part. LEARN IT AGAIN.  

There are 10 steps to learn Grammar part. 

Step 1: Articles - 'a, an, the'
Step 2: Nouns
Step 3: Subject-verb. Agreement
Step 4: Pronouns
Step 5: Adverb
Step 6: Adjective
Step 7: Proposition
Step 8: Conjunctions
Step 9: Tenses
Step 10: Voice-Narration

Parts of speech – these are the building blocks of English language. A sentence is made up of the following parts of speech:
Article, Adjectives, Adverb, Conjunction, Noun, Preposition, Pronoun, Verb

Step 1
Articles
Ø  Indefinite- A, An
Ø  Definite- The
 


‘A’, ‘An’ are used for singular countable noun
‘The’ is used for a definite uncountable noun.
 While using ‘A’, ‘An’ we need to take care of the sound of the noun if it is a vowel (a, e, i, o, u) –then use –‘An’. For consonant’s sound use ‘A’.
RULES:
1.    Use of A /An
Singular noun (Countable)
Where adjective is placed before the noun, article ‘A’, ‘An’ is placed before the adjective.
 Where adverb is placed before the adjective, article ‘A’, ‘An’ is placed before adverb.
HE IS ‘AN’ INTELLIGENT (Adjective) BOY (Noun).
2.    A is used for counting:
A hundred, A dozen, A thousand, A couple, A billion, A pair
3.    When a numerical and fractions are compounded then A is used.
Three and a half,
4.    ‘A’, ‘An’ is also used with profession.
A Doctor, An Engineer, A Professor
5.    When similarity is shown with a great personality.
SHE IS LIKE A MADHURI DIXIT.
HE IS A HARISH CHANDER.
6.    Word like so, as, too, quite is placed before adjective/article. ‘A’, ‘An’ should be used after adjective.

            SHE IS AS BEAUTIFUL GIRL, AS YOU ARE EVER LIKELY TO MEET.
THIS IS TOO TOUGH A TASK FOR ME TO COMPLETE.

7.    Phrases carry ‘A’ with them-

At a stone’s throw, Make a noise, In a fix; Take an interest in, Tell a lie, A matter of chance-

8.    A, An is used before a verb when it acts as a noun-

HE HAS GONE FOR A RIDE.
HE GOES FOR A WALK DAILY.
HE TALKS FLUENTLY IN ENGLISH.

THE

9.    Superlative degree- THE
            RAM IS THE BEST SINGER.

10. Comparative degree –when comparison of two.
THE MORE YOU WORK HARD, THE MORE YOU WILL GET.
HE IS THE STRONGER OF TWO.
HE IS STRONGER THEN ME.

SHE IS THE MORE BEAUTIFUL BETWEEN YOU AND YOUR SISTER.

11. With comparative degree if the is used as an adverb.
THE HIGHER YOU GO, THE COOLER IT BECOMES.


12. Before the word same in case of comparison.
THIS IS THE SAME BOY THAT I SAW AT THE PARK.

13. The noun of noun



14. Use the before:

·         A geographical entity–The continent but NOT the Asia, the Europe
·         The ocean–the Indian Ocean, the Atlantic, the Pacific
·         The river–the Yamuna, the Thames, the Tiber, the Nile
·         The island–the Andaman and Nicobar, the Lakshadweep
·         The mountain–the Himalayas, the Andes
·         The bay or gulf–the Bay of Bengal, the Persian Gulf
·         The deserts–the Sahara, the Kalahari, the Arabian Sands
·         Before the celestial bodies–the planet–the earth; the star–the sun
·         Before the names of religious groups and religious and famous books–the Hindu, the Christian, the Quran, the Bible, the Iliad, the Mahabharata, the Ramayana
·         The republic, the kingdom, the union–The People’s Republic of China, the United Kingdom, the United States.
·         With superlative– the best, the rich
·         The ordinals–the first, the last, the next
·         Some comparatives–the better of the two; the more you try, the more you succeed
·         For the head of a group–the President, the Prime Minister, the Head Boy.
·         But he was elected President, appointed Head Boy.



But NOT with
Mountain peaks–Mt Everest, Mt Kilimanjaro
Lakes–Dal Lake, Chilka Lake, Lake Michigan
Names of places beginning with proper nouns–Delhi University, Indira Gandhi International Airport,
Mahatma Gandhi Road
Planets such as Mars, Jupiter
the names of religions–Hinduism, Christianity, Islam


Example:

Please give me a pen to write; not the one you gave me earlier but another.

1. Have your seen the movie playing at theatre? (No error)
2. Is this a phone that you gave me last night?( the phone)
3. The good leader leads the company to successful organization. (A good leader)
4. In this field of innovation, the credit goes to a man who convince the world with his arguments and not to the man who simply thinks.(the man)
5. It is the most beautiful painting of gallery. (The gallery)
6. It is a pity that the daughter of the millionaire is involved in the bank robbery. (a millionaire)
7. The most beautiful marriage would be a union of a deaf man to a blind woman. (The union)
8. He said that he felt nervous because a friend of his had given him a very bad news. (Very bad news)
9. He boasts of having the good knowledge of maths but everybody knows how far he is good at maths.
( a good knowledge).
10. Of the two answers, this is better. (The better)
11. The winters are generally very cold here. (Winters)