IBPS PO MAINS 2017 RESULT OUT

PO MAINS RESULT OUT

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Decision Making: Reasoning Quiz

Dear Readers,

Directions (1-2): Read the following information carefully and then answer the questions given below it:

1. For section in an interview, anyone can be selected only after fulfilling all of the following criteria.
   The person should have age between 21 and 30 years as on 01.03.2017. The person should have obtained at least 60% marks in class 12 and graduation degree both. The person should have a work experience of at least a year. The person should have got 70% marks in written test and 90% in language proficiency.
   Sahil fulfills all the following criteria, then which of the following criterion/criteria will not lead to his final selection?
   (i) He was born on 21.02.1996.
   (ii) He completed his graduation in 2016 with 62% marks and 67% marks in class 12.
   (iii) He has worked for 2 years in ABC Company.
   (iv) He got 72% in written test and 95% in language proficiency.
   A) Only (iii)
   B) Only (ii) and (iii)
   C) Only (ii) and (iv)
   D) Only (i)
   E) Only (i), (iii) and (iv)
   

Quantitative Aptitude: Inequalities Quiz

Dear Readers,

1. Quantity I: The age of teacher, if the average age of 36 students is 14. When teacher’s age is included the average increases by 1.
   Quantity II: The age of teacher, if the average age of 19 students is 35. When teacher’s age is included the average increases by 0.5.
   A) Quantity I > Quantity II
   B) Quantity I ≥ Quantity II
   C) Quantity II > Quantity I
   D) Quantity II ≥ Quantity I
   E) Quantity I = Quantity II or Relation cannot be established
   
   
2. Quantity I: Profit Percentage , if Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6.
   Quantity II: Profit Percentage, if 100 toys are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen.
   A) Quantity I > Quantity II
   B) Quantity I ≥ Quantity II
   C) Quantity II > Quantity I
   D) Quantity II ≥ Quantity I
   E) Quantity I = Quantity II or Relation cannot be established

Current Affairs Capsule December 2017 (3rd Week)

DAILY CURRENT AFFAIRS

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS/RBI/SBI/SSC and with the daily dose of current affairs, you can easily prepare G.A and score well.

1. 11th WTO Ministerial Conference held in Argentina

The Eleventh World Trade Organization (WTO) Ministerial Conference (MC11) was held in Buenos Aires, Argentina.

• The biggest takeaway from the conference was the commitment from members to secure a deal on fisheries subsidies.
• Commerce and Industry Minister Suresh Prabhu had led the Indian delegation in the conference.

Points to Remember

• The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.
• The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT).
• WTO has 164 member countries. The WTO's current Director-General is Roberto Azevedo.

2. International Migrants Day: 18 December

International Migrants Day is an international day observed on 18 December every year.

• International Migrants Day was appointed by the General Assembly of United Nations on 4 December 2000 taking into account the large and increasing number of migrants in the world.
• Theme of International Migrants Day 2017 is “Safe Migration in a World on the Move”.

3. France to ban all oil, gas production by 2040

France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories.

• Under that law, existing drilling permits will not be renewed and no new exploration licenses will be granted.
• The French government claims the ban is a world first.

4. UN votes 128-9 to reject US decision on Jerusalem

The U.N. General Assembly overwhelmingly passed a measure rejecting the Trump administration’s recognition of Jerusalem as Israel’s capital.128 countries voted against US.

• Only nine countries — including the United States and Israel — voted against UN. Another 35 abstained, and 21 were absent.

5. Vice-President of India inaugurates the World Conference on Vedas

The Vice-President of India, Shri M. Venkaiah Naidu has said that the Vedas preach world peace, universal brotherhood and welfare of all.

• Inaugurating the World Conference on Vedas, “Vishwa Ved Sammelan”, in New Delhi, he said the Vedas have great relevance to humanity.
• The Yajurveda mentions that the knowledge of Vedas is meant for the well-being of the entire humanity.
• The Vedas do not refer to any caste or community, he added.

Current Affairs December 16, 2017

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS/RBI/SBI/SSC and with the daily dose of current affairs, you can easily prepare G.A and score well.

 11th WTO Ministerial Conference held in Argentina

The Eleventh World Trade Organization (WTO) Ministerial Conference (MC11) was held in Buenos Aires, Argentina.

• The biggest takeaway from the conference was the commitment from members to secure a deal on fisheries subsidies.
• Commerce and Industry Minister Suresh Prabhu had led the Indian delegation in the conference.

Points to Remember

• The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.
• The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT).
• WTO has 164 member countries. The WTO's current Director-General is Roberto Azevedo.

Current Affairs December 14-15, 2017

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS/RBI/SBI/SSC and with the daily dose of current affairs, you can easily prepare G.A and score well.

Rajasthan becomes first in country to offer e-mail IDs in Hindi

Rajasthan has become the first state in the country to offer free e-mail address in Hindi to its residents.

• This facility will lead to millions of new users who are not comfortable with English e-mail ids.
• The project has been implemented by the state IT department with the partnership in form of in-sourcing with private IT companies.

Submarine Kalvari to be commissioned by PM Narendra Modi

Prime Minister Narendra Modi will commission India's first Scorpene class submarine, Kalvari, into the Indian Navy in Mumbai on 14 December.

• The Mazagon Dock Shipbuilders delivered Kalvari on September 21to the Navy after successfully completing all trials.
• Scorpene submarines can undertake varied missions such as anti-surface and antisubmarine warfare, intelligence gathering and mine laying.

Bank Licensing in India: History and Brief Timeline (Banking Awareness)

Dear Readers,

Bank Licensing in India- Timeline:

1947-1969: Following a spate of mergers and amalgamations, the number of commercial banks in the country decreased from 640 in 1947 to 85 in 1969.

State Bank of India Act 1955: Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India’s central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India. Later Government of India acquired the Reserve Bank of India’s stake in SBI.

State Bank of India (Subsidiary Banks) Act 1959: In 1959, the government passed the State Bank of India (Subsidiary Banks) Act, which made eight state banks associates of SBI.

Bank Nationalization:

On July 19, 1969: The Government of India promulgated Banking Companies (Acquisition and Transfer of Undertakings) ordinance 1969 to acquire 14 bigger commercial banks with with deposits over 50 crores with the basic objective of ensuring credit flow to priority sectors of the economy.

April, 1980: The next round of nationalization took place in April 1980. The government nationalized six banks with deposit over 200 crores. This move led to a further increase in the number of branches in the market, increasing to 91% of the total branch network of the country.

Bank Liberalization:

January, 1993: Reserve Bank of India (RBI) released guidelines for licensing of new banks in the private sector. 10 new banks were formed on the basis of these guidelines. These were Global Trust Bank, ICICI Bank, HDFC Bank, Axis Bank, Bank of Punjab, IndusInd Bank, Centurion Bank, IDBI Bank, Times Bank and Development Credit Bank.

January, 2001: RBI revised the guidelines for new bank licences. Two new banks — Kotak Mahindra Bank and YES Bank — were formed.

Current procedure for Bank Licenses

February 26, 2010: Former finance minister and now president Pranab Mukherjee announced in his budget speech (for 2010-11) that companies and business houses will be allowed to set up new banks.

August 11, 2010: RBI released discussion paper on entry of new banks in the private sector.

December 23, 2010: RBI released gist of comments from the feedback on the discussion paper.

August 29, 2011: RBI released draft guidelines for licensing of new banks in the private sector.

July 10, 2012: RBI released gist of comments from the feedback on the draft guidelines.

February 22, 2013: RBI released guidelines for licensing of new banks.

July 1, 2013: Last date for submitting applications for new banking licence. RBI disclosed names of 26 applicants for new banking licence — two of them drop out while one new player gets added to the listlater.

September 4, 2013: RBI governor Raghuram Rajan announced setting up of a committee headed by Bimal Jalan to screen the applications.

November 1, 2013: Bimal Jalan committee held its first meeting.

February 25, 2014: Bimal Jalan committee submitted its report to RBI.

March 12, 2014: RBI sought Election Commission’s permission to issue in-principle approvals for banking licence.

April 1, 2014: Election Commission allowed RBI to issue new bank licences.

April 2, 2014: RBI granted in-principle approval to IDFC and Bandhan Financial Services to set-up banks. The in-principle approval will be valid for 18 months.

Differentiated bank licence:

May 29, 2014: The Reserve Bank of India (RBI) will finalize the guidelines for issuing differentiated banking licences within the next four months after which such licences will be issued on tap, financial services secretary Gurdial Singh Sandhu said on May 29, 2014. The financial services department briefed new finance minister Arun Jaitley on the working agenda for the department.