Showing posts with label BANKING INDUSTRY. Show all posts
Showing posts with label BANKING INDUSTRY. Show all posts

Tuesday, January 10, 2017

IBPS PO Exam Syllabus

IBPS PO – SYLLABUS

1.       IBPS PO – ENGLISH LANGUAGE (40 marks, 40 questions)

Vocabulary:
Synonyms, Antonyms, Homonyms, Word Formation, Sentence CompletionComprehension:
Theme detection, Deriving Conclusion, Passage Completion Error Detection and Rearrangement: Passage Correction, Sentence Correction, SpellingGrammar:
 Active Passive Voice, Direct Indirect SpeechGeneral Usage:
 Idioms and Phrases


2.       IBPS PO – LOGICAL REASONING (50 marks, 50 questions) 
Verbal Reasoning: Analogy, Coding Decoding, Blood Relation, Sitting Arrangement, Series Completion, Syllogism, Decision Making, Statement ReasoningNon-verbal Reasoning: Series Completion, Analogy, and Classification


3.       IBPS PO – QUANTITATIVE APTITUDE (50 marks, 50 questions) 
Arithmetic:
Numbers, Simplification, Roots, Average, Surds & Indices, Percentage, Profit & Loss, Ratio & Proportion, Partnership, Chain Rule, Time & Work, Pipes & Cisterns, Time & Distance, Problems on Trains, Boats & Streams, Allegation, Simple Interest, Compound Interest, Stocks & Shares, Clocks, Logarithms, Mensuration, Volume & Surface Area, Permutation & combination, Probability, Heights & DistancesData Interpretation:
Tabulation, Bar Graphs, Line Graphs, Pie Charts


4.       IBPS PO – GENERAL/MARKETING/BANKING AWARENESS (40 marks, 40 questions) 
Questions in this component will be aimed at testing the candidate’s general awareness of the environments around him and its application to society. These questions will be such that they do not require a specific study of any discipline.
– Knowledge of current events
– Everyday observations and experience in the scientific aspect as may be expected of any educated person
– India and its neighbouring countries
– Sports, History, Culture, Geography, Economy, General Polity, Indian Constitution, Scientific Research Over 70% of the questions will be related to Economy, Banking and Finance.


5.       IBPS PO – COMPUTER AWARENESS (20 marks, 20 questions)
General Knowledge on Computer usage and application (basic hardware and software)
 



Wednesday, December 21, 2016

TNPSC Coaching Centre in Coimbatore


Shanmugam IAS Study circle is an independent private educational institution. It was established in the Year of 2006 with the noble cause of  training the civil service aspirants in a focus manner and preparing them for facing the lands highest examination.
we are steadfastly committed to quality guidance and holistic training to the IAS IPS IRS TNPSC GROUP I II& IV, VAO, BANKING, SI, POLICE, TET, TRB Railway and all competitive aspirants. View More...


Tuesday, January 28, 2014

RBI monetary policy: Hikes repo rate to 8%, adjusts reverse repo rate at 7%, holds CRR at 4%

7787_raghuram_rajan_3

Governor of the Reserve Bank of India (RBI) in his stern measure to tackle inflation has hiked repo rate yet again by 25 basis points (bps) to 8%. RBI has kept cash reserve ratio (CRR) unchanged at 4%, however, in its monetary policy review on Tuesday. The change has been extended to reverse repo rate, which stands adjusted at 7%, while the marginal standing facility (MSF) has been increased as well along with the Bank Rate at 9%.
Governor Raghuram Rajan was widely expected to hold interest rates. The rates were unchanged even in the last fiscal policy review held on 18 December. In the second quarter review on 29 October, repo rate was hiked and marginal standing facility (MSF) was cut by 25 bps each. It is evident that the move to hike repo rate is an after effect of the lately released Report of the Expert Committee to Revise and Strengthen the Monetary Policy Framework by Deputy Governor RBI, Urjit Patel. The report had recommended anchoring CPI inflation to review RBI monetary policy.

Saturday, January 18, 2014

RBI included Hong Kong and Macau in the sensitive list



The Reserve Bank of India (RBI) included Hong Kong and Macau in the sensitive list of countries along with Pakistan and China on 15 January 2014. Macau and Hong Kong are two Special Administrative Regions controlled by China.
This means that establishments from Hong Kong and Macau will require prior approval of RBI for setting up business or related activities in India. The activities include establishment of liaison, branch, project offices or any other place of business.
To this effect, Regulation 4 of Foreign Exchange Management (Establishment in India of Branch or Office or Other place of Business) Regulations, 2000 has been amended to substitute words, Iran and China, with words Iran, China, Hong Kong and Macau.
Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran and China are already included in the sensitive list.

Thursday, January 16, 2014

Karnataka becomes first State to provide Universal Health Coverage

Health

Karnataka became the first State in India to provide Universal Health Coverage to its population. It achieved the distinction with the launch of Rajiv Arogya Yojana on 9 January 2014.
The Scheme entails the beneficiary to pay only 10 percent of the cost of treatment or procedures. It aims at providing subsidized healthcare to virtually every citizen in the State with Above Poverty Line (APL) card. The BPL families are already covered under health scheme through Vajpayee Arogya Sree programme.
Under the scheme, APL family members are entitled for health check up to 1.5 lakh rupees per annum. In special cases, if the expenditure exceeds 1.5 lakh rupees, the government grants another 50000 rupees. The scheme covers 447 procedures and 50 follow-up packages. The beneficiaries can avail treatment in 160 hospitals, including 14 hospitals outside the State.
The scheme will cover cardiovascular diseases, cancer treatment (surgery, chemotherapy and radiotherapy), neurological diseases, renal diseases, burns, poly-trauma cases not covered by motor vehicle insurance and neo-natal cases. The cost of Universal Health Coverage is estimated to be 120 crore rupees annually

Friday, January 10, 2014

Reserve Bank of India relaxed Foreign Direct Investment rules



The Reserve Bank of India relaxed the rules of Foreign Direct Investment on 9 January 2014. The decision is aimed at providing exit option to the foreign investors. The investors can exit their investments by selling their holding of equity or debt.
The relaxation was expected to facilitate higher foreign direct investment (FDI) inflows into India. India saw a drop of 15 percent in FDI inflows from April 2013 to October 2013.
The exit option given to the foreign investors is subject to the condition that any FDI will have a minimum lock-in period without any assured return. The lock-in period for defence and construction sector has been kept at three years and for all other sectors it will be at least a year.
For a listed company the non-resident investor can exit at the market price prevailing at the stock exchanges. In case of unlisted company an investor can exit from equity shares at a price not exceeding the price arrived at on the basis of return on equity.

Usha Sangwan appointed first woman managing director of LIC

Usa Sangwan

Usha Sangwan was appointed as the first woman managing director of the Life Insurance Corporation of India (LIC) by the Government.
She is the first woman director of LIC in its near six decades of existence.
With this appointment, LIC is set to function at its full strength of four MDs after almost two years. These would be S B Mainak, Sushobhan Sarkar, Sangwan and V K Sharma.
About Usha Sangwan :
Sangwan joined LIC in 1981 as a direct recruit. She holds a master’s degree in economics and a post-graduate diploma in human resource management.
About LIC:
LIC is India’s largest insurer, with 83 per cent market share in terms of the number of policies, and 71 per cent in premium.
Some of the important milestones in the life insurance business in India are:
1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning.

1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.

1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life insurance business.

1928: The Indian Insurance Companies Act enacted to enable the government to collect statistical information about both life and non-life insurance businesses.

1938: Earlier legislation consolidated and amended to by the Insurance Act with the objective of protecting the interests of the insuring public.

1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.

The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British.

Some of the important milestones in the general insurance business in India are:

1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes of general insurance business.

1957: General Insurance Council, a wing of the Insurance Association of India, frames a code of conduct for ensuring fair conduct and sound business practices.

1968: The Insurance Act amended to regulate investments and set minimum solvency margins and the Tariff Advisory Committee set up.

1972: The General Insurance Business (Nationalisation) Act, 1972 nationalised the
general insurance business in India with effect from 1st January 1973.

107 insurers amalgamated and grouped into four companies viz. the National
Insurance Company Ltd., the New India Assurance Company Ltd., the
Oriental Insurance Company Ltd. and the United India Insurance Company
Ltd. GIC incorporated as a company.