Daily Dose of Editorial- 25th April- Reading Comprehension

Daily Dose of Editorial- 25th April- Reading Comprehension

Hi Guys,

How it is going?

Are you motivated or need a boost?

Are you writing regularly in the dairy? The Editorial section will surely help you out in the current affairs section, the reading comprehension part, and the descriptive paper. 

Please make sure you are that you don't just read it. MAke a juice out of it. READ IT, ANALYZE IT, SPEND QUALITY TIME WITH IT AND THEN WRITE YOUR OWN OPINION:: YOUR OWN EDITORIAL DAILY. 

Believe me guys, this will create wonder in your preparations. 

THE HINDU:: CLICK HERE

THE INDIAN EXPRESS:: CLICK HERE

THE FINANCIAL EXPRESS:: CLICK HERE

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’.

Daily Dose of Editorial-20th April- Reading Comprehension Practice

Daily Dose of Editorial-20th April

 Reading Comprehension Practice

Hi future bankers,

An Editorial is the package of opinions, analysis, and the thoughts about the latest and trending news around the world. 

So, Read it, analyze it and write it for your own in your diary.

here you go...

The Hindu:: CLICK HERE

The Indian Express:: CLICK HERE 

The Financial Express:: CLICK HERE

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.

PRONOUN- ENGLISH SECTION-IBPS-PO 2018

PRONOUN- ENGLISH SECTION

IBPS-PO 2018 

• Subjective (Nominative)
• Objective
• Possessive adjectives

(I , WE , YOU, HE ,SHE,IT ,They) –Subjective-

(Me, Us, YOU, HIM, HER, IT, THEM) –Objective-

(My, mine, our, ours, your, yours, his, it , its, their) –Possessive-



As-As (positive sense)

So-As (negative sense)

RULES:

Order ranking of Personal pronoun:

Singular case à 2 3 1

(Nominative Pronoun)

Plural Caseà 1 2 3

Admitting a mistake (Singular or plural)

Sentence in a negative sense


We always use an objective pronoun after preposition.

There is no conflict between you and me.

We always use a nominative pronoun after As –As, So –As, then

When the comparison between two


HE IS BETTER THEN ME (I)

HE LIKES YOU MORE THAN I (ME)

HE EARNS MORE THAN I (ME)

HE RUNS AS FAST AS I.

When a sentence starts with to be form of verb (is, am, are, was, were ) then nominative pronoun is used.

IT IS HIM HE WHO IS RESPONSIBLE FOR THE LOSS.

THIS PROBLEM CAN BE RESOLVED BETWEEN YOU AND I ME.

Objective case is used after except.

Nobody will come to your rescue except I me.

Distributive pronoun-

Each, Every à More than 2

Either, Neither à 2

None à More than 2

Neither of these two principles has been looking after the problem well.

Reciprocal Pronoun-

Each other à 2

One –anotherà more than 2

They saved themselves by helping each other (one another).

Personal Pronoun-

One must be cautious of one’s dressing.

Every man should respect his parents.

The personal pronoun should be used according to its antecedent.

Reflexive Pronoun-

Myself, himself, herself, themselves

The action is done by the subject turn back upon the subject

She cut herself while peeling the fruits.

Avail –absented-enjoyed-apply- we use a reflexive pronoun after these verbs.

Keep-bath-make-stop-steal-hide-are used intransitively hence don’t use a reflexive pronoun.

Don’t use the reflexive pronoun in place of the personal pronoun.



Demonstrative Pronoun-

This that these, those



Relative Pronoun-

Refer to some noun going before is called its antecedent.

Who which what where how



Who –living

Which –non living

I know Meera who has just gone.
Which book is the bestseller in this row?



EXCEPTION: ‘Which’ is used for living when choice is made

The mother knows which of her children is hungry?



Like all, the same, only, none, anybody, nothing, little, somebody – Use ‘that’ with these words.



HE IS THE SAME BOY THAT I SAW AT THE AIRPOT.

KITE IS THE WORST MOVIE THAT I EVER SAW.















Whose- object

Whom- subject

Who –H.V/M.V.






EXAMPLE:

1. The man (1)/ who they thought (2)/ to be a gentleman (3)/ is a rogue. (4)/ No Error (5)

Ans. (2) Replace who with whom

2. This is (1)/ one of the best suggestions (2)/ which have ever been (3)/ made by you. (4)/ No Error (5)

Ans. (3) Replace which with that

3. This is (1)/ the only one of his comments (2)/ that (3)/ deserve our attention. (4)/ No Error (5)

Ans. (4) Replace deserve with deserves

4. This is (1)/ not such treatment (2)/ that (3)/ I expected. (4)/ No Error (5)

Ans. (3) Replace that with as

5. A woman can do (1)/ everything (2)/ what a man (3)/ can do. (4)/ No Error (5)

Ans. (3) Replace what with that

6. I hate (1)/ everybody and everything who (2)/ reminds me (3)/ of my mistake. (4)/ No Error (5)

Ans. (2) Replace who with which

7. The terrorist (1)/ which was chained (2)/ grumble at the D.S.P. (3)/ who was taking him to prison. (4)/ No Error (5)

Ans. (2) Replace which with who

8. This is the same (1)/ dog which barked (2)/ at my son but fortunately did not (3)/ bite him.

Ans. (2) Replace which with that

9. He (1)/ bought a house (2)/ the price of which (3)/ was five lakh rupees. (4)/ No Error (5)

Ans. (5) No Error

10. Don’t respect (1)/ such persons (2)/ who have no respect (3)/ for elders. (4)/ No Error (5)

Ans. (3) Replace who with as

11. Your state (1)/ is rich (2)/ but mine (3)/ is poor. (4)/ No Error (5)

Ans. (5) Sentence is correct

12. The Director of (1)/ Directorate of Distance Education (2)/ has given its consent (3)/ to join the meeting. (4)/ No Error (5)

Ans. (3) Replace its with his

13. The principal (1)/ as well as the teachers (2)/ absented themselves (3)/ from the office. (4)/ No Error (5)

Ans. (3) Replace themselves with himself

14. As a teacher of (1)/ Mathematics (2)/ you are far better (3)/ than him.(4)/ No Error (5)

Ans. (4) Replace him with he

15. Ours are (1)/ the same problem (2)/ that (3)/ yours. (4)/ No Error (5)

Ans. (3) Replace that with as

16. The educational institutions (1)/ of Patna are more (2)/ expensive than (3)/ that of Darbhanga. (4)/ No Error (5)

Ans. (4) Replace that of with those of

17. Zakir lent me some (1)/ rupees on the condition (2)/ that I should return the same (3)/ before September. (4)/ No Error (5)

Ans. (3) Replace the same with it

18. He says (1)/ it is his problems (2)/ but you say it is (3)/ your also. (4)/ No Error (5)

Ans. (4) Replace your with yours

19. The hotels of (1)/ Kolkata are (2)/ cheaper than (3)/ Patna. (4)/ No Error (5)

Ans. (4) Insert those of before Patna

20. Each member (1)/ and each worker (2)/ has given (3)/ their consent. (4)/ No Error (5)

Ans. (4) Replace their with his

Financial Awareness- Foreign Direct Investment -IBPS -PO

Financial Awareness- Foreign Direct Investment 

IBPS -PO

Foreign Direct Investment (FDI)
Foreign Direct Investment is a direct investment that involves the injection of foreign funds into production or business in a country by an individual or company of another country.

Foreign Portfolio Investment (FPI)

Foreign Portfolio Investment is a direct investment but investment in only financial assets such as stocks, bonds etc. of a company located in another country. In contrast to FDI, a portfolio investment is an investment made by an investor who is not involved in the management and day-to-day business of a company.

Benefits of FDI:

(a) Improves forex position of the country

(b) Employment generation and increase in production

(c) Help in capital formation by bringing fresh capital

(d) Helps in transfer of new technologies, management skills, intellectual property

(e) Increases competition within the local market and this brings higher efficiencies

(f) Helps in increasing exports, Increases tax revenue



FDI in INDIA
A foreign company planning to set up business operations in India may:
Incorporate a company under the Companies Act, 1956, as a Joint Venture or a Wholly Owned Subsidiary.
Set up a Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000. 

FDI

FPI


Investment in productive assets (whose value increase over time) like plant and machinery for a business

Investment in financial assets like stocks, bonds, mutual funds, etc.


Investment gives investors ownership right as well as the management right

Investment gives investors only ownership right and not the management right


Engage in the decision making of a firm

Not involved in decision making


Investors enter a country with long-term approach

Investors can plan for long but often have short-term plans


So investors cannot depart from the country easily

Investors can easily depart from the country


Investment is greater than 10%

Investment is less than 10%




The routes under which foreign investment can be made:
Automatic Route: Foreign Investment is allowed under the automatic route without prior approval of the Government or the Reserve Bank of India.
Government Route: Foreign investment in activities not covered under the automatic route requires prior approval of the Government which is considered by the Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, and Ministry of Finance.



Foreign investment is prohibited in the following sectors:



1. Lottery Business including Government / private lottery, online lotteries, etc.

2. Gambling and Betting including casinos etc.

3. Chit funds

4. Real Estate Business or Construction of Farm Houses

5. Manufacturing of Cigars, cheroots and tobacco substitutes.

6. Atomic energy and Railway operations.

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 

Adjectives- English Section- IBPS-PO

Adjectives

 English Section- IBPS-PO 

ADJECTIVE

Ø Positive

Ø Comparative

Ø Superlative


Single syllable (good –better- best)


Double syllable (careful –more careful –most careful)


TYPES OF ADJECTIVES:


· Adjective of Quality (Descriptive Adjective) – large, honest, foolish


· Adjective of Quantity- some, little, all, great


· Proper Adjective – (formed from proper noun) –Indian Culture, French wines,


· Definite Adjective- Cardinals- One, Two, three –Ordinals- First, Second, Third


· Indefinite Adjective –All, many, few, some, several


· Distributive Adjective - each, every, either, all


· Interrogative Adjective- What, Whose, Which


RULES:


Single person- 2 properties then we use – more+ positive degree.


HE IS MORE THIN THAN FAT.

There are some adjectives which denote absolute positions of which comparative degree and superlative degree remains the same.


SENIOR, JUNIOR, INFERIOR, EXTERIOR, SUPERIOR, COMPLETE, IDEAL, PERFECT, CHIEF


This is the most major operation.


The implementation of NRHM is better than MNREGA.


USE, to for adjective having the suffix –ior not then (SUPERIOR, SENIOR, JUNIOR, INFERIOR, EXTERIOR, PREFER, YOUNGER, ELDER)


COFFEE IS PREFERABLE TO TEA.


HE IS MUCH SENIOR TO ME.


HE IS MUCH MORE SENIOR TO ME.


When comparison: much


Single person (very)


RAJENDER IS MUCH MORE INTELLIGENT THEN NIKHIL.


If 2 adjective are separated by (they need to be in the same degree) in same sentence-


SHE IS BOTH KIND AND MORE INTELLIGENT THAN HER SISTER.


We always use Ordinal before cardinal in a sentence.


THE FIRST TWO CHAPTER OF THIS BOOK ARE VERY IMPORTANT.


Conversion of superlative degree into comparative degree:


ALL + OTHER + P.N


ANY + OTHER + S.N


NO + OTHER + S.N


SHE ASKED HIM WHAT IT WAS THAT MADE HIM STRONGER THEN ANY OTHER MAN.


HE IS BETTER THAN ALL OTHER BOYS IN THE CLASS.


NO OTHER STUDENT IN OUR CLASS IS AS INTELLIGENT AS HE IS.


Other is not needed in superlative.


AKBAR WAS THE GREATEST OF ALL OTHER KINGS.


VERY (Present participle gerund)


MUCH (Past participle V3 Passive)


THE MATCH BECOMES VERY INTERESTING.


EXCEPTION: VERY TIRED


VERY FRUSTRATED


VERY SURPRISED

TOO


( also, something extra)


Very is not used in comparative degree.


Much is need in comparative.


Very much is Comparative.


ASHISH TOO IS A STRONG POLICEMAN.


HE IS TOO WEAK TO DANCE.


PRAVEEN TOO IS GOING TO THE PARTY ALONG WITH US.


MANDEEP IS MUCH MORE INTELLIGENT THAN SUMIT.


SUPERLATIVE DEGREE:

SAGAR IS MUCH THE BEST MAN IN THE DEPARTMENT.


SAGAR IS THE VERY BEST MAN IN THE DEPARTMENT.


Don’t use a preposition before adverb.


With most humbly I rest my case.


PM is going to abroad next month.


STILL (positive)


HE IS STILL WORKING.


YET (negative)


THEY HAVEN’T ARRIVED YET.


SOME/ANY –


Some is positive and any is used in negative aspect for both countable and uncountable noun.


I have some books.


I don’t have any book.


Do you have any friend?


Would you like some bread?

FOREMOST/FIRST:


Foremost – is the best or the most important; in the leading position in a group of people or thing.


Mahatma Gandhi was the foremost leader of India.


He is the first person to start a trust in this locality.


LESS/LESSER:


Less suggest amount and lesser suggest degree showing some negative sense in a choice of two.


SHE HAS LESS MONEY THAN HE.


WHICH IS THE LESSER OF THE TWO EVILS?


ELDER/OLDER:


Elder and eldest are used only for the person in blood relation.


Elder is used with to not then.


OLDER- are used for both person and things, it is used with then.


RAVI IS MY ELDER BROTHER.


JP PARK IS THE OLDEST PARK OF THE CITY.


LATER/LATTER/LAST:


LATER and LATEST refers to time, LATTER refer to position.


THE LATTER CHAPTERS OF THE BOOK ARE INTERESTING.


MUCH/MANY:


Much notifies only uncountable noun.


Many- used for countable noun.


HE DRINKS SO MUCH WATER.


I HAVE COLLECTED MANY BOOKS FROM THE CITY.


FEW/A FEW/ THE FEW:


FEW: means very few or none at all


A FEW: used to indicate-not a large number, but some or handful


THE FEW: used for a special limited number (not many but all)


SEND ME A FEW BOOKS.

Few Artists live a simple life.

MAGAZINE ISSUES PDF FOR GENERAL AWARENESS...

MAGAZINE ISSUES PDF 

GENERAL AWARENESS...

YOJNA MARCH 2018::     CLICK HERE

BSC MAGAZINE: CLICK HERE 

REMEMBER: THIS IS YOUR TYM. DO OR DIE 

STAY SAFE, PLAY HARD...

DAILY DOSE EDITORIALS-13TH APRIL- READING COMPREHENSIONS

DAILY DOSE EDITORIALS

13TH APRIL

 READING COMPREHENSIONS

HI READERS, 

How's your writing level now? IS it increasing magically?

Do you feel good about this daily dose of the editorials? Is it beneficial for your weak points?

Keep doing the same for a month. Let's do it. 

READ, ANALYZE, AND  WRITE. 

THE HINDU: CLICK HERE

THE INDIAN EXPRESS: CLICK HERE

THE FINANCIAL EXPRESS: CLICK HERE

DO IT. 

How a bank works? -Banking Awareness-

How a Bank works? 

Banking Awareness-

HOW BANK WORKS: ASSETS AND LIABILITY

LIABILITIES:
Current Account Deposit: 0%

Saving Account Deposit: 4%

Fixed/Recurring Account Deposit 8%-9%

Bulk Deposit

The average interest of all these deposits put together is COST OF FUNDS, should be as low as possible.

CA/SA- Should be more.

But CA/ SA are volatile deposit (can withdraw anytime)

FD- have fixed terms, Banks can plan their activities (Stable deposit)



Assets: The internal /income which banks get is yield/income.

· Home Loan

· Mortgage Loan

· Co-operate Loan

· Personal Loan





Net Interest Margin (NIM) = ≥ 3

With this NIM –Banks have to pay (SALARY, RENT ON PREMISES, and PAY FOR OPERATION AND PROFIT)

This is known as Viable Banking.

Banks require the NIM of 3% to ensure profitability.




TYPES of ACCOUNT

SAVING ACCOUNT

Age≥ 18

10-18 (with some restrictions)

< 10 (Minor, with guardian)

Minimum balance- No FRILL ACCOUNT (BSBDA- BASIC SAVING BANK DEPOSIT ACCOUNT)

PMJDY

Rate: calculated on Daily Basis taking into account minimum balance available (SA rate are 4%)



CURRENT ACCOUNT

-Overdraft

-Nomination (×)



Why new generation Private Sector banks have more numbers of current accounts then Public Sector banks.

· Improved Hospitality

· Personalized Service

· Portfolio Management

· Technology Up-gradation



CASA RATIO =  Fixed Deposit/Recurring Deposit/Bulk Deposit:

TIME DEPOSIT
· No withdraw before agreed period

· Penalty of withdraw before

· No Cheque Book



FIXED DEPOSIT

UPTO 10 Years

NOMINATION

Interest Rate HIGHER -For Senior

TIME ∝Interest rate

Loan Facility -Available

But if interest income > 10,000

Bank will deduct TDS

If you are not income tax payee then you have to give bank a 15 G Form.

FIXED DEPOSIT

· STANDARD FD- (Interest in every 3/6/12 months)

· CUMULATIVE FD

Interest Rate varies with time and age not with the amount of deposit.

RECURRING DEPOSIT:

Deposit at regular interval

TDS



BULK DEPOSIT

Amount > 1 Crore

Rate> FD Rate

Ø Corporate

Ø High Network Individuals( HNI)



Amount 500 Crore – 10%

Amount 1000 Crore – 12 %





Priority Sector Lending

· Sectors

· Agriculture

· Small-scale industry

· Small Business, Small Enterprise

· Micro Credit

· Education Loan



Priority Sector Lending (PSL)

Commercial Bank must provide loan – 40%

18% -Agriculture

Penalty for not achieving PSL Target

INDIAN BANK – deposit shortfall amount with NABARD under RIDF (Rural Infrastructure Development Fund)

FOREIGN BANK - deposit shortfall amount with SIDBI under IDF (Industrial Development Fund)

NEFT-(National Electronic Fund Transfer)

Max- 50,000/Transaction

Indo-Nepal Remittance Facility Scheme-

Monday-Friday – 8 a.m. to 7 p.m.

Saturday – 8 a.m. to 1 p.m.

RTGS (Real Time Gross Settlement)

Min: 2 Lakhs/Transaction ( Real Time –Upto 2 Hrs)

DeMat – Dematerialized Account

DPs – Depository Participants

Buy/Sell- Stocks

PAN





IMF- 189 Members (Nauru)

IMF – July -22-1944 initially 45 members

WORLD BANK (American)

IBRD- International Bank for Reconstruction and Development

IDA- International Development Association

Asian Development Bank – 1966

SWIFT –Society for Worldwide Interbank Financial Telecommunication.

NOSTRO Account- [Our Account with you in foreign currency].

VOSTRO Account- [Your Account with us in Indian currency].

LORO Account- [Third Party Account]

NOSTRO – is a current account that a bank holds with another bank, in a foreign country such account is operated in the currency of a foreign country.

VOSTRO – Current Account for foreign bank in a domestic bank.

LORO- is used when NOSTRO and VOSTRO account by a bank other than account maintaining Banks and the tank with which the account is maintained.

CHEQUE

Drawer-Owner

Payee- Receiver

Drawee- Bank

Post Dated – Date later then today

You can’t cash it until today’s date, after 3 month –stale cheque

ANTI-DATED

It is regular cheque

Dated earlier then today and can be cashed immediately

Stale Cheque: If any Change issued by holder doesn’t get withdrawn from the bank till 3 month.

Cross Cheque:

Not in Cash

Endrossed

Account pay cheque

When 2 along with cross made and word account payee written between these lines.

Can’t be endorsed

Engrossment:

Sec. 15 –Negotiable Instrument Act- 1881

There can be any number of endorsement

Daily dose of editorial- 12th April 2018- Reading Comprehension

Daily dose of editorial-12th April 2018

 Reading Comprehension 

Hi Future bankers,

Here is your assignment for editorial reading. You can read it, analyze it, and write it down in your own way in your diary.

Please make notes on your own. BEST OF HARD WORK + SMART WORK = DESIRED RESULTS.

YOUR DAILY DOSE:

THE HINDU: CLICK HERE

THE INDIAN EXPRESS: CLICK HERE

THE FINANCIAL EXPRESS: CLICK HERE

KEEP WRITING 

EK NESCAFE AUR LAGA... ( Change your journey not the destination)

EK NESCAFE AUR LAGA... 

( Change your journey, not the destination)

Chal shuru ho ja

Ek nescafe aur laga 

Badal zindgi ki raaftar...

Change your journey with hard work and determination ( No negatives thoughts, no bad labels, no setbacks, no heartbreaks)

You will reach your destination for sure. 

This is your time. 

JUST DO IT. 

English Section- Practice with the MASTER.

"English Section- Practice with the MASTER"

Fear of English will go with good practice and right concept. 

Make sure that you practice hard. The English section cutoff is the lowest among all. The English paper is getting tougher year after year. 

You can practice right at the right time. Don't go for random test series. It will create confusion. First be confident and then you can go for the test series. 

Just analyze your last year marks in English section. What's the use of doing hard work without smartness?

It is English, Only good practice pays off. 

HERE IS SOMETHING FOR YOU; YOU CAN PRACTICE HERE. 

CLICK HERE  

Descriptive paper - Stop worrying, start preparing

Descriptive paper - Stop worrying, start preparing

IBPS-PO and SBI-PO paper has descriptive writing part. It consists of an essay and a letter writing mostly on the current topics. 

The daily dose of editorial will help you in getting good marks in this section. 

Stop making excuses, start preparing. 

Here is something for you...

CLICK HERE  

Make a dairy, write one page daily on the current affairs topic. Don't wait to qualify prelims and mains. DO IT NOW. 

You will see the change in you within a month. 

Banking Awareness- Money Market- IBPS-PO 2018

Banking Awareness- IBPS-PO 2018 

Topic: Money Market

Money market instruments are those instruments, which have a maturity period of less than one year. Money Markets are regulated by both RBI.

Money Market does not deal in cash; it provides a market for credit instruments such as bills of exchange, promissory notes, Commercial paper, treasury bills, etc. These financial instruments are close substitute of money.

The various instruments traded in the money market are:
Call Money/ Notice Money/ Term Money
Treasury Bills
Certificate of Deposits
Commercial Paper

Regulated By: RBI 

Money Market:

· Organized (Banking Market, Sub Market)

· Unorganized (NBFC, Money Lender)

Sub- Market

1. T- Bill

2. Certificate of Deposit

3. Commercial Paper

4. Call Money



Call Money: (Fully Inter Bank Market) Only 1 Day

Notice Money: 2-14 Days

Term Money: 14 Days- 1year



No Security is needed to cover these transactions

Interest Rate is Market Determined

Borrowing Bank – 2% of Capital

Lending Bank – 50 % of Capital



T-Bill – are lowest risk category instrument, RBI on behalf of GoI.

Types:

· 91 days

· 182 days

· 364 days

Issued at discount –Redeem at per face value

Denomination: 25,000/ and multiples of 25,000/

Any individual can buy this.



Certificate of Deposit

Issued by Scheduled Commercial Banks except RRB, Co-operative Bank

Min. Period: 7 Days

Max. Period: 1 year

Denomination: 1 lakh and multiple of lakh

Commercial Paper:

Commercial Paper is issued by corporate

Grade> A1

Net worth >5 crores

Minimum 7 days

Maximum 1 year

Denomination: 5 Lakh and above

HIGHEST RISK





1. Call money

Call money is used by the banks to meet their temporary requirement of cash.

It is repayable on demand and its maturity period varies in between one day to 14 days. The rate of interest paid on call money loan is known as call rate.

Maturity Period:
Call Money –1 day only
Notice Money-2 days to 14 days
Term Money-15 days to 1 Year

2. Treasury Bills (T-Bills)

T-Bills are auctioned by Reserve Bank of India at regular intervals and issued at a discount to face value. So this is considered as the lowest risk instrument.

Any person in India including Individuals, Firms, Companies, Corporate bodies, Trusts and Institutions can purchase Treasury Bills.

Denominations: Rs. 25,000 and in multiples of Rs. 25,000

Maturity Period:

· 91 days

· 182 days

· 364 days

3. Certificate of Deposit

Certificates of Deposit is short-term instrument issued by Scheduled Commercial Banks (excluding Regional Rural Banks and Local Area Banks) and Financial Institutions.

Denominations:

Rs.1 lakh and in multiples of Rs. 1 lakh

CDs can be issued to individuals, corporations, companies (including banks and PDs), trusts, funds, associations, etc.

Maturity Period:

7 days – 1 year

The Financial Institutions can issue CDs for a 1 year -3 years



4. Commercial Paper

Commercial Paper is short term instrument issued by the corporate. It is issued at a discount to face value.

A company would be eligible to issue CP if the net worth of the company is not less than Rs.4 crore. Only corporate who get an investment grade rating can issue CPs, as per RBI rules.

Denominations:

Rs.5 lakh and in multiples of Rs. 5 lakh

Maturity Period:

14 days – 1 year

Individuals, banks, other corporate bodies (registered or incorporated in India) and unincorporated bodies, Non-Resident Indians and Foreign Institutional Investors (FIIs) shall be eligible to invest in CP.

FIIs shall be eligible to invest in CPs subject to (i) such conditions as may be set for them by Securities Exchange Board of India (SEBI) and (ii) compliance with the provisions of the Foreign Exchange Management Act, 1999, the Foreign Exchange (Deposit) Regulations, 2000 and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, as amended from time to time.

The Best way to Practice for IBPS-PO, SBI-PO, Clerk, 2018

The Best way to Practice

IBPS-PO, SBI-PO, Clerk, 2018 

Hi Future bankers, 

Be positive this time. You can do it. 

You have qualified the prelims, some of you may have qualified the mains paper also. The best way to practice is to sove the previous year paper. 

Yes, you are right that the pattern is changing year after year but still, the theme is same. You must find something very common in the last year papers. 

Start solving the previous year paper. Test papers and Online mock test and Online test series consist of hard questions just to sell their product more int he market. 

Think big, Think out of the box. 

"ALL THAT GLITTERS ARE NOT GOLD".

Here is something for you. Start your practice. 

Previous Year paper: CLICK HERE 

Let's make it harder day by day. As it is only practice that can make you perfect. 

A mirror of common error- free download pdf

A mirror of common error-free download pdf 

Practice English Grammar from this book, A Mirror of Common Errors by A.K. Singh.

A mirror of Common Error: CLICK HERE