Cabinet Approvals: January 10, 2018 (STATIC GK)

Dear SH Aspirants,
Study Static Awareness 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 Static Awareness.

On January 10, 2018, Union Cabinet chaired by the Prime Minister Narendra Modi approved following initiatives/bilateral agreement:

Cabinet approves major changes in FDI policy:

In a bid to liberalize and simplify the Foreign Direct Investment (FDI) policy and to provide ease of doing business in India, Union Cabinet has approved a number of amendments in the existing policy.

Major Amendments in FDI Policy:

• 100% FDI under automatic route has been approved for Single Brand Retail Trading.Till now, only 49% FDI was permitted under automatic route while FDI beyond 49% and up to 100% was to be brought through Government approval route.
• Foreign airlines have been permitted to invest up to 49% under approval route in Air India.
• It has been clarified that real-estate broking service does not amount to real estate business and is thus, eligible for 100% FDI under automatic route.
• Foreign institutional Investors (FIIs) and Foreign portfolio investment(FPIs) have been allowed to invest in Power Exchanges through primary market.

Cabinet approves MoU between India and Canada for cooperation in Science & Technology:

This memorandum of understanding (MoU) will provide a mechanism to foster scientific cooperation between Research & Development (R&D) and academic institutions of India and Canada.

• The MoU was signed between Indian Government’s Department of Science and Technology and Canada’s Natural Sciences and Engineering Research Council (NSERC).
• In order to promote multidisciplinary research partnership between India and Canada, the MoU envisages supporting India-Canada Centre for Innovative Multidisciplinary Partnership to Accelerate Community Transformation and Sustainability (IC-IMPACTS) programme.
• Safe and sustainable infrastructure and integrated water management have been identified as areas for mutual cooperation under this MoU.

Reasoning for Clerk Mains 2017/SSC CGL TIER II

Dear Students,

Reasoning is a game of wits and presence of mind! Yes, it is true and it might seem as the greatest of the challenge after English Section’s surprises but yet this one can easily be dealt with. You just need correct practice and hardwork your brain to quickly make decisions of what to attempt and what to leave. And for same we are providing you questions of Reasoning Question and Answers. Solve these to Practice latest pattern reasoning question for bank exams.

Directions (1-3): Each of the following questions consists of six statements followed by options consisting of three statements put together in a specific order. Choose the options that indicate a combination where the third statement can be logically deduced from the first two statements and that option will be your answer.

Q1. i. All S are T. ii. Some T are A. iii. No A is P. iv. Some P is R. v. All R is X. vi. Some X is P. (a)[iv,vi,v] (b)[i,ii,v] (c)[ii,iii,vi] (d)[iv,v,vi] (e)None is correct
Q2. i. All R is X. ii. Some X is P. iii. No P is Q. iv.No X is T. v. Some Q is R. vi. No R is T. (a)[i,ii,v] (b)[ii,iii,v] (c)[i,iv,vi] (d)[iii,v,vi] (e)None is correct
Q3. i.All A is R. ii.All X is R. iii.Some R is X. iv. Some P is A. v.  Some X is A. vi. Some P is Z. (a)[vi, iv,i] (b)[i,iii,vi] (c)[i,ii,iv] (d) [i,v,iii] (e)None is correct

Quantitative Aptitude- Clerk Mains 2017/ SSC CGL 2017 Tier-II

Dear Students,

Quantitative Aptitude is a very important section you must prepare if you are aiming for a job in Bank or Insurance sector. These two weeks are very important as IBPS RRB Clerk  Mains are lined up. So, these 15 questions can help you practice three very important topics of Quant Section.

Directions (Q.1-5): In the following questions, two equations numbered I and II are given. You have to solve both the equations and

Give answer (a) if x > y 

Give answer (b) if x ≥ y 

Give answer (c) if x < y

Give answer (d) if x ≤ y 

Give answer (e) if x = y or the relationship cannot be established.

Q6. One type of liquid contains 25% of milk, the other contains 30% of milk. A container is filled with 6 parts of the first liquid and 4 parts of the second liquid. The percentage of milk in the mixture is:

(a) 27%

(b) 31%

(c) 29%

(d) 33%

(e) None of these

Q7. Two gallons of a mixture of spirit and water contains 12% of water. They are added to 3 gallons of another mixture, containing 7% of water and half a gallon of water is then added to the whole. Find the percentage of water in the resulting mixture.

Q8. There are two circles of different raddi. The area of a square is 196 sq. cm, whose side is half of  the radius of the larger circle. The radius of the smaller circle is three-seventh that of the larger circle. What is the circumference of the smaller circle?

(a) 12π cm

(b) 16π cm

(c) 24π cm

(d) 32π cm

(e) None of these

STATIC GK- The Unique Identification Authority of India (UIDAI)

Dear Aspirants,

Currently, UIDAI has been in the news as the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for Generating Virtual ID for all Adhaar Card Holders from March, 2018. Now as we have seen in many past exams that always there were some questions asked from UIDAI so, we SH provides you short notes on UIDAI which will help you in upcoming banking exams.

Tagline of Aadhaar- Mera Aadhaar, Meri Pehchan

Earlier its tagline was “Aam Aadmi ka Adhikar” but now it has been changed to “Mera Aadhaar, Meri Pehchan”.

What is UIDAI?

The Unique Identification Authority of India (UIDAI) is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (“Aadhaar Act 2016”) on 12 July 2016 by the Government of India, under the Ministry of Electronics and Information Technology (MeitY).

Prior to its establishment as a statutory authority, UIDAI was functioning as an attached office of the then Planning Commission (now NITI Aayog). Later, on 12 September 2015,the Government revised the Allocation of Business Rules to attach the UIDAI to the Department of Electronics & Information Technology (DeitY) of the then Ministry of Communications and Information Technology.

UIDAI was created with the objective to issue Unique Identification numbers (UID),named as "Aadhaar", to all residents of India that is-

(a) robust enough to eliminate duplicate and fake identities, and 

(b) can be verified and authenticated in an easy, cost-effective way. 

The first UID number was issued on 29th September 2010 to a resident of Nandurbar, Maharashtra. The Authority has so far issued more than 111 crore Aadhaar numbers to the residents of India. 

SH- Current Affairs Update 10th, Jan 2018

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.

INDIAN AFFAIRS

Cabinet Approvals On January 10, 2018
In a bid to liberalise and simplify the Foreign Direct Investment (FDI) policy and to provide ease of doing business in India, Union Cabinet has approved a number of amendments in the existing policy.
i. Cabinet approves MoU between India and Canada for cooperation in Science & Technology
ii. Cabinet approves implementation of CCEA decision on closure of Tungabhadra Steel Products Limited
iii. Cabinet approves continuation of Members of Parliament Local Area Development Scheme till the term of the 14^th  Finance Commission i.e. till March 31, 2020.
iv. Cabinet has approved proposal to amend Section 4(1) and Section 5(1) of the National Trust for the Welfare of Person with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999.

India, Indonesia hold 1st security dialogue, vow to combat terrorism
On January 9, 2018, India and Indonesia held their first bilateral security dialogue in NewDelhi
i. During the dialogue, India and Indonesia agreed on operational cooperation in security and counter-terrorism.
ii. Indian side was led by National Security Adviser Ajit Doval  while Indonesian side was led by H Wiranto, Indonesia’s Coordinating Minister for Political, Legal and Security Affairs.
iii. At the 5th Indonesia-India joint commission meeting in Jakarta, held in first week of January 2018 during Union External Affairs Minister Sushma Swaraj’s Indonesia visit, both countries had agreed to strengthen strategic partnerships across various key areas, including defence, security, maritime and economy.
Quick Facts about Indonesia:
♦ Capital – Jakarta
♦ Currency – Indonesia rupiah
♦ Current President – Joko Widodo
♦ Important Rivers – Mahakam, Citarum

Supreme Court stays High Court verdict against 85% pictorial warning on tobacco
On January 8, 2018, Supreme Court of India stayed a Karnataka High Court orderquashing 85% pictorial warnings on packets of cigarettes and other tobacco products.

Information about Pictorial Warning on packets of cigarettes and other tobacco products:
i. On December 15, 2017, Karnataka High Court had struck down the Cigarettes and Other Tobacco Products (Packaging and Labelling) Amendment Rules, 2014 which mandated 85% pictorial warning on tobacco products packaging space.
ii .A Supreme Court bench comprising Chief Justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud stated that it was “unimpressed” with the submissions of the Tobacco Institute of India (TII) asserting that the stay would infringe tobacco manufacturers’ fundamental right to do business.
iii .The bench is of the opinion that health of citizens should be accorded highest priority.
iv. In context of this news, it is to be noted that as per a report by World Health Organisation (WHO), pictorial warnings prove to be very effective especially in creating awareness among illiterate consumers.

Panel under B.R. Sharma to take a call on national anthem in cinema halls
Union Home Ministry has appointed a 12-member inter-ministerial committee to recommend changes in the existing law of playing of the national anthem in cinema halls and public places.
Details of the inter-ministerial committee:
i. The committee is headed by B.R. Sharma, Additional Secretary in the Ministry of Home Affairs.
ii. Other members of this committee include officers of the Joint Secretary rank representing Ministries of Home Affairs, Defence, Culture, External Affairs, Women and Child Development, Parliamentary Affairs, Human Resource Development, Law and Information and Broadcasting, Minority Affairs and the Department of Empowerment of Persons with Disabilities.
iii. First meeting of this committee will be held on January 19, 2018 and it will submit its final report within six months.
iv. This committee has been formed in wake of Supreme Courts observation – ‘it could not be assumed that if a person did not stand up for the national anthem, he or she was “less patriotic.”
v. The committee will make recommendations in context of existing Acts and orders relating to the Prevention of Insults to National Honour Act, 1971.

SSC CGL Tier-I 2017 Result Revised

Dear Aspirants,

SSC CGL Tier-I 2017 Result Revised

SSC Revised the CGL tier-I result due to a technical glitch, a few tentative Answer Keys had not been revised. The Commission, therefore, undertook a comprehensive review. Based on the comprehensive review undertaken by the Commission, there has been a lowering in the cut off marks which has resulted in the revision of the result. This being a relaxation for the candidates who couldn't cross the previous cutoff marks, has brought a new ray of hope. Check the below table for further details.

SSC CGL Tier-I Exam was held from 5th august to 23rd august 2017. CGL result was declared on 30th October 2017.

Professional Knowledge Questions for IBPS SO Marketing Mains 2017

Dear Aspirants,

To score in IBPS SO (Marketing) Mains candidate must have adequate knowledge of Marketing Planning, New Product Life Cycle, Segmentation, Consumer Behaviour, Brand Management and more. This quiz covers important chapters of Marketing to help you prepare for the exam.

Q1. Personal selling is where the sellers promote the product through their attitude, appearance and specialist product knowledge.Which of the following is an objective of Personal Selling? 

(a) Building Product Awareness

(b) Stimulating Demand

(c) Creating Interest

(d) Providing Information

(e) All of the above

Q2. Marketing Strategy during a recession should include which of the following?

(a) increases in expenditures for marketing operations

(b) a reduction in advertising

(c) promotional efforts that promote value and utility

(d) a reduction in the number of sales personnel

(e) a reduction in expenditures for new product development

Q3. A form of cost analysis that presents costs and outcomes in discrete categories, without aggregating or weighting them is known as  ________________

(a) Cost-minimization analysis

(b) Cost-effectiveness analysis 

(c) Cost-utility analysis 

(d) Cost-consequence analysis

(e) Cost-benefit analysis

Q4. With regard to types of merchandise offering an establishment that sells a wide variety of merchandise in the low and popular price range usually in limited assortments (such as stationery, gift items, women's accessories, toilet articles, light hardware, toys, housewares, and confectionary) would be called a-

(a) Variety Store

(b) General Merchandise Store

(c) Discount Stores

(d) Supermarkets

(e) Warehouse club

Q5.  Both inputs and outputs to the processes involved providing services are highly variable, as are the relationships between these processes, making it difficult to maintain consistent quality. This highlights which aspect of service management?

(a) Inseparability

(b) Inconsistency

(c) High buyer involvement

(d) Lack of Homogeneity

(e) Perishability 

Q6. To effectively monitor changes in the marketing environment, marketers must engage in- 

(a) information collection

(b) environmental scanning and analysis

(c) marketing research

(d) environmental management

(e) use of the marketing concept