Banking Place

Saturday 26 July 2014

IBPS PO 2014 Recruitment Out Apply Online

ctor bank. IBPS PO 2014 is perfectly schedule by IBPS and now its online apply date is start from 22 July 2014.

Last year IBPS also organized this exam and successfully recruit approximate 20,000 PO/MT. As we know to became PO is dream for lakhs of people but only few of them can achieve this dream.

Age (As on 01.07.2014): Minimum: 20 years Maximum: 30 years i.e. a candidate must have been born not earlier than 02.07.1984 and not later than 01.07.1994 (both dates inclusive)

Educational Qualifications: A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.

The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she
registers and indicate the percentage of marks obtained in Graduation while registering online.

Exam Pattern:-

1. Reasoning : 50 Marks
2 English Language: 40 Marks
3. Quantitative Aptitude: 50 Marks
4 General Awareness(with special reference to Banking Industry) : 40 Marks
5 Computer Knowledge: 20 Marks

Application Fee:

Rs. 100/- for SC/ST/PWD candidates.
Rs. 600 /- for all others

Online Registration – 22.07.2014 – 11.08.2014
Payment of Application Fees- Online - 22.07.2014 – 11.08.2014
Payment of Application Fees- Offline - 24.07.2014 – 14.08.2014
Download of Call Letter for Pre-Examination Training (PET) for SC/ST/ Minority Community candidates - 11.09.2014 – 22.09.2014
Pre-Examination Training - 22.09.2014 – 27.09.2014
Download of Call letter for Examination – After 01.10.2014
Declaration of result status of examination (CWE) - November, 2014
Download of call letters for Interview – January 2015
Conduct of Interview – January 2015
Provisional Allotment - April 2015

Click Here To Apply Online

22:27 - By Unknown 1

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26th July 2014 - Daily Current Affairs Updates

26th July 2014 - Daily Current Affairs Updates

National Affairs

Prime Minister Narendra Modi today launched a web platform "MyGov" (www.mygov.nic.in) which will allow common man and experts from different fields to reach out to the government with their ideas a nd suggestions.
India celebrates 15th anniversary of Kargil Vijay Diwas today. This is also an occasion that invokes feelings of both pain and pride for the families of the brave jawans who laid down their lives protecting the territory of India from intruders.
Home Minister Rajnath Singh today asked Uttar Pradesh Chief Minister Akhilesh Yadav to ensure communal harmony in the state in the wake of violence in Saharanpur and offered all help to contain the situation.
External Affairs Minister Sushma Swaraj to lead Indian delegation at the Third Nepal-India Joint Commission meeting in Kathmandu.
Prime Minister Narendra Modi today hosted a farewell dinner in honor of the outgoing army chief, Gen. Bikram Singh (New Army Chief is Dalbir Singh Suhag from 31st July 2014).

International Affairs

South Sudan's food crisis is now the worst in the world, the UN Security Council said, as it called for urgent funding to step up deliveries of desperately-needed aid.
The European Union has extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine.
As India, the United States and Japan on Thursday kicked off rare three-way naval exercises, China has called on the three countries to ensure that the “Malabar” drills in the Pacific Ocean would be “helpful to build mutual trust” in a region grappling with renewed maritime tensions.
Nigeria was on alert against the possible spread of Ebola on Saturday, a day after the first confirmed death from the virus in Lagos, Africa's biggest city and the country's financial capital.

New Appointments

Justice Sanjay Kishan Kaul was sworn-in as the Chief Justice of the Madras High Court.

Sports

India's Prakash Nanjappa wins silver in the men's 10 m Air Pistol event.
Indian women shooters Apurvi Chandela and Ayonika Paul win gold and silver in 10m Air Rifle event.

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Friday 25 July 2014

25th July 2014 - Current Affairs Daily Updates

25th July 2014 - Current Affairs Daily Updates

National Affairs

External Affairs Minister Sushma Swaraj is on a three day visit to Nepal. This trip will focus on confidence building measures, strengthening bilateral ties and preparing the ground for Prime Minister Narendra Modi's visit to the country.
India today summoned Pakistan Deputy High Commissioner over delay in trial of Mumbai 26/11 attacks
The Lok Sabha today passed the Finance Bill 2014 by a voice vote. The bill, which is primarily the legislative proposals of the national budget for this fiscal, notably on taxes, will now go to the Rajya Sabha for approval.
President Pranab Mukherjee, who completed two years in office today, dedicated the Rashtrapati Bhavan Museum to the nation at a ceremony presided over by Prime Minister Narendra Modi.
Indian Army celebrates 15 Vijay Divas today which marks the exit of Pakistan Army from Indian territory in 1999.
Indian Army chief General Bikram Singh today paid tribute to the martyrs of 1999 Kargil war in J&K's Ladakh region on the occasion of 15th Vijay Diwas.

People in News

Ukraine's prime minister Arseniy Yatsenyuk has resigned after his governing coalition collapsed, plunging the former Soviet state into political limbo as it struggles to quell a deadly rebellion in the east.

New Appointments

The Supreme Court appointed senior advocate R S Cheema as Special Public Prosecutor for trial in coal blocks allocation scam.

Business & Economy

Closing a seven-year-old front running case at HDFC Mutual Fund, SEBI has barred former equity dealer Nilesh Kapadia and three others from the markets and ordered return of over Rs 1.75 crore worth illegal gains.

Sports

Commonwealth Games 2014
The women lifters Sanjita Khumukcham Chanu and teammate Mirabai Saikhom Chanu, both from Manipur, did India proud by winning for the country its first two medals
Indian shooter AbhinavBindra wins Gold Medal for the country in 10 meter Air Rifle shooting
India’s Shushila Likmabam wins Silver medal in 48 kg women’s Judo
India’s Navjot Chana wins Silver medal in 60 kg Men’s Judo
India’s Kalpana Thoudam wins Bronze medal in 52 kg Women’s Judo
Sukhen Dey of India wins gold and Ganesh Mali bags bronze in men's 56kg weightlifting event.
Indian shooter Malaika Goel wins Silver Medal in 10 meter Air Rifle while world no. 1 HeenaSidhu finishes off at 7th spot

10:23 - By Unknown 0

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Intelligence Bureau PA / JIO Exam 2014 Results out

Friends, the Intelligence Bureau (MHA) has released the results of P.A.and JIO-II/Tech written test 2014.
As you know the Intelligence Bureau has conducted a written test on 29th June 2014 for the recruitment of Personal Assistants, General Central Service, Group-B (Non-Gazetted/Ministerial) and Junior Intelligence Officers Grade-II/Technical, General Central Service, Group 'C' (Non - Gazetted / Non-Ministerial). Now it has came out with the list of shortlisted candidates for skill test in stenography (for the post of PA) and trade test followed by interviews (for the post of JIO-II/Tech). You can check your result from below link. All the Best :)

Check your result of IB PA / JIO Exam 2014 from here

Note :The trade test followed by interview for the post of JIO-II/Tech is to be held on August 27-29, 2014 while stenographic skill test for the post of P.A. will be held on August 30, 2014.

You can select your language of Skill Test (English / Hindi) from here

08:02 - By Unknown 0

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Thursday 24 July 2014

23rd & 24th July 2014 - Current Affairs Updates

23rd & 24th July 2014 - Current Affairs Updates

National Affairs

Delhi Metro Rail Corporation ( DMRC) has slashed fares on Airport Express Line by 40 per cent. The rates were revised earlier this month and will take effect from today (24th July)
In a sign that shows India has a lot of catching up to do, the country’s ranking in the Human Development Index (HDI) remained unchanged at 135 in 2013, reflecting little improvement in the living standard of its people, says a United Nations Development Programme report.
Cabinet clears SEBI amendment bill. The Bill seeks to give Sebi sweeping powers like attachment of properties, launch of recovery proceedings, seeking call data records to investigate cases and ordering search and seizure against manipulators and fraudsters.

International Affairs

The 14th round of Foreign Office Consultations between India and Myanmar was held in New Delhi on 23rd July 23 2014. The Indian delegation was led by Smt. Sujatha Singh, Foreign Secretary of India, and the Myanmar delegation by U Thant Kyaw, Deputy Minister of Foreign Affairs of Myanmar.
In order to raise concerns about the repeated ceasefire violations by Pakistan's armed forces in Jammu and Kashmir, Indian Foreign Secretary Sujatha Singh will be meeting her Pakistani counterpart Aizaz Ahmad Chaudhry in Islamabad on 25th August.
The President of the World Bank, Dr. Jim Yong Kim, called on the Prime Minister, Narendra Modi on 23rd July. The PM described the meeting as "very fruitful." He tells World Bank President Jim Yong Kim that India requires ideas, knowledge and expertise "rather than dollars".
Britain's Deputy Prime Minister Nick Clegg will lead a large business delegation on a three-city tour of India in August, focusing on aerospace, retail and education sectors.
India along with BRICS countries voted in support of a UN Human Rights Council resolution to launch a probe into Israel's offensive on Gaza. In the 46-member council, 29 countries voted in support of the resolution while 17 nations abstained.
Annual India-US bilateral Malabar naval exercise kicked off today in the Asia Pacific region.

Books & Authors

Prime Minister Narendra Modi released a biography of independent India's first home minister Sardar Vallabhbhai Patel in Braille, prepared by ophthalmologist A Saibaba Goud.
British-Indian writer Neel Mukherjee's latest novel 'The Lives of Others' shortlisted for the prestigious Man Booker Prize 2014.

He is from Kolkata
This is his Second Novel
'The Lives of Others' that is set in 1960s Bengal and revolves around a man's extremist political activism during troubled times

Deaths

Former Maharashtra minister, senior PWP leader Mohan Patil, 68, passes away after prolonged illness
Sundaram Sankaran passed away. He worked at the World Bank for over 25 years and served as the US correspondent for Indian dailies.

Business & Ecnomy

The World Bank Group committed USD 15-18 billion loan to India over the next three years as it supports the country's potential 9 per cent growth rate.
CCEA raises FDI cap to 49% from 26% in insurance sector.
CCEA approves sale of 10 million tonnes of wheat from FCI stock in the open market.
Indirect tax collections in June recorded 13.5% growth to stand at Rs 44,356 crore, against Rs 39,085 crore last year. The highest-ever growth this year shows signs of economic recovery.
IMF cuts global growth forecasts for 2014 to 3.4%, below its April forecast of 3.7%. Weaker growth in the U.S., China and several important emerging markets forced the International Monetary Fund to downgrade its forecast for the global economy.
New Appointments
Reuven Rivlin (a veteran lawmaker) was sworn in as Israel's 10th president.

Sports

The 2014 Commonwealth Games (officially the XX Commonwealth Games) have begun in Glasgow, Scotland, after the opening ceremony kicked off the event at Celtic Park on Wednesday. These games are going to b held from 23rd July to 3rd August 2014.
Sanjita Khumukcham and Mirabai Chanu Saikhom bagged a gold and silver, respectively, in women's 48kg weightlifting at the 20th Commonwealth Games today.

23:55 - By Unknown 0

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Download June Current Affairs 2014

Dear Aspirants, June Current Affairs 2014 is ready to Download. This Current Affairs Pdf is very important for upcoming ongoing e Exam 2014, IBPS PO 2014 Exam, IBPS RRB PO and Clerk Exam and various Exams. We tried our best to cover almost every Current Affairs and important events through following Categories:

Important Days
Important Abbreviations
Nation
International

Download June Current Affairs 2014

Economy
Appointments/Resignations
Banking/Business
MOUs/Agreement Signed this Month
Obituaries
Awards/Honours
Sports
Miscellaneous
Hot issues this Month

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IMPORTANT DAYS

January 1 Global Family Day
January 9 NRI Day
January 10 World Laughter Day
January 12 National Youth Day
January 15 Army Day
January 25 Tourism Day
January 26 India's Republic Day,
January 26 International Customs Day
January 30 Martyrs' Day; World Leprosy Eradication Day

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February 4 World Cancer Day
February 5 KashmirDay
February 6 International Day against Female Genital Mutilation
February 12 DarwinDay,
February 12 Rose Day
February 12 World Day of the Sick
February 14 Valentine Day
February 20 World Day of Social Justice
February 21 International Mother Language Day
February 22 World Scout Day
February 23 World Peaces and Understanding Day
February 24 Central Excise Day
February 28 National Science Day

====================================================

March 4 World Day of Fight against Sexual Exploitation
March 8 International Women's Day
March 8 International literacy Day
March 13 World Kidney Day
March 13 World Rotaract Day
March 15 World Disabled Day; World Consumer Rights Day
March 18 Ordnance Factories Day (India)
March 20 World Day of Theater for Children & Young People
March 21 World Forestry Day;
March 21 International Day for the Elimination of Racial Discrimination
March 22 World Day for Water
March 23 Worlds Meteorological Day
March 24 World TB Day
March 24 International Day for Achievers
March 27 World Drama Day

===========================================================

April 2 Austism Awareness Day
April 5 International Day for Mine Awareness; National Maritime Day
April 7 World Health Day
April 17 World Hemophilia Day
April 18 World Heritage Day
April 21 Secretaries' Day
April 22 Earth Day
April 23 World Book and Copyright Day
April 25 World Malaria Day
April 29 International Dance Day

==========================================================

May 1 Workers' Day (International Labour Day)
May 3 Press Freedom Day; World Asthma Day
May 4 Coal Miners' Day
May 8 World Red Cross Day
May 9 Victory Day
May 9 World Thalassaemia Day
May 11 National Technology Day
May 12 World Hypertension Day; International Nurses Day
May 14 World Migratory Day
May 15 International Day of the Family
May 17 World Telecommunication Day
May 21 Anti Terrorism Day
May 24 Commonwealth Day
May 31 Anti-tobacco Day

==========================================================

June 4 International Day of Innocent Children Victims of Aggression
June 5 World Environment Day
June 7 International Crossing Awareness Day
June 8 World Oceans Day
June 12 World Day against Child Labour
June 14 World Blood Donor Day
June 17 World Day To Combat Desertification and Drought
June 20 World Refugee Day
June 23 United Nations public Service Day
June 23 International Widow’s Day
June 26 International Day against Drug Abuse and Illicit Trafficking
June 27 International Diabetes Day

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July 1 Doctor's Day July 6 World Zoonoses Day
July 11 World Population Day August 3 International Friendship Day
July 12 Malala Day
July 18 Nelson Mandela International Day
July 18 Fathers Day
July 28 World Nature Conservation Day
July 30 International Day of Friendship

==============================================================

August 3 Independence Day ofNiger
August 6 HiroshimaDay
August 8 World Senior Citizen's Day
August 9 QuitIndiaDay,
August 9 NagasakiDay
August 9 International Day of World’s Indigenous People
August 12 International Youth Day
August 15 Indian Independence Day
August 18 International Day of the World's Indigenous Peoples
August 19 Photography Day
August 29 National Sports Day

==========================================================

September 2 Coconut Day
September 5 Teachers' Day; Sanskrit Day
September 7 Forgiveness Day
September 8 World Literacy Day (UNESCO)
September 14 Hindi Day, World First Aid Day
September 15 Engineers’ Day
September 16 World Ozone Day
September 21 Alzheimer's Day; Day for Peace & Non-violence (UN)
September 22 Rose Day (Welfare of cancer patients)
September 25 Social Justice Day
September 26 Day of the Deaf
September 27 World Tourism Day

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October 1 International Day for the Elderly
October 2 Gandhi Jayanthi (Non Violence Day)
October 3 World Habitat Day, World Nature Day
October 4 World Animal Welfare Day
October 8 Indian Air Force Day
October 9 World Post Office Day
October 10 National Post Day
October 11 International Girl Child Day
October 12 World Arthritis Day
October 13 UN International Day for Natural Disaster Reduction
October 14 World Standards Day
October 15 World White Cane Day (guiding the blind), World Student Day
October 16 World Food Day
October 17 International Day for the Eradication of Poverty
October 20 World Statistics Day
October 24 UN Day; World Development Information Day
October 30 World Thrift Day November 9 Legal Services Day

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November 1 World Vegan Day
November 5 World Radiography Day
November 9 World Services Day
November 14 Children's Day; Diabetes Day
November 16 International Day for Endurance
November 17 National Epilepsy Day, International Students Day
November 18 World Adult Day
November 19 World Citizen Day
November 20 AfricaIndustrialization Day, Universal Children Day
November 21 World Television Day, World Fisheries Day
November 25 law Day
November 26 Flag Day
November 29 International Day of Solidarity with Palestinian People

================================================================

December 1 World AIDS Day
December 2 World Computer Literacy Day
December 2 International Day for Abolition of Slavery
December 3 World Day of the Handicapped,
December 3 World Conservation Day
December 4 Indian Navy Day
December 7 Indian Armed Forces Flag Day,
December 7 Civil Aviation Day
December 9 International Day against Corruption
December 9 Girl Child Day (Balika Divas) (India)
December 10 Human Rights Day
December 10 International Children's Day of Broadcasting
December 11 InternationalMountainsDay
December 11 World Children’s Fund Day
December 14 World Energy Day
December 18 Minorities Rights Day (India)
December 18 International Migrants Day
December 20 International Human Solidarity Day
December 23 Kisan Divas (Farmer's Day) (India)
December 29 International Biodiversity Day

22:07 - By Unknown 0

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Wednesday 23 July 2014

New Appointments List 2014

New Appointments List 2014

Abdullah al-Thani - New PM of Libiya

Admiral R.K D howan - Cheif of Naval Staff

Air cheif Marshal Arup Raha - cheif of Air Staff

A L Banerjee - New DGP (UP)

A.K. Dubey - Chairman, Coal India Limited

Abdel Fattah el-Sisi - 6th President of Egypt

Adarsh Kumar Goel- New Judge of Supreme Court

Aditi Khanna - first woman President of Indian Journalists‘ Association (IJA), London.

Ajit Doval - New National Security Adviser

Ajoy Misra - MD & CEO, Tata Global Beverages Limited

Akhilesh Das Gupta - President (Re-Elected), Badminton Association of India (BAI)

Akhilesh Gupta - President of Indian Meteorological Society

Amit Shah - BJP President

Amit Sharma - New Commander of Strategic Forces

Amitabh Kant - Secretary, Department of Industrial Policy and Promotion.

Anandiben - Chief Minister of Gujarat

Anant Geete - Heavy Industries and Public Enterprises Minister

Ananth Kumar - Chemicals and Fertilizers Minister

Arseniy Yatsenyuk - Interim Prime Minister of Ukraine

Arun Jaitley - Finance, Corporate Affairs, Defence Minister

Arun Kumar Gupta - CMD, Shipping Corporation of India (SCI)

Arun Mishra - New Judge of Supreme Court

Arvind Mayaram - New finance secretary

Ashok Gajapathi Raju - Civil Aviation Minister

Ashraf Jehan - First female judge, Pakistan‘s National Sharia Court

Ashwin B. Pandya - Chairman, Central Water Commission

B.N. Sri Krishna - Chairman of Financial Planning Standards Board India (FPSB)

BS Chauhan - Chairman of Cauvery Water Disputes Tribunal (CWDT)

Chetan Tamboli - Chairman of CII (Confederation of Indian Industry), Western Region.

D K Pathak - New Director General of BSF

D. Y. Patil - West Bengal's Governor

D.V. Sadananda Gowda - Railways Minister

Dalbir Singh Suhag - New Army Chief

Devendra Kumar Pathak - Special DG, Border Security Force.

Dinesh Sarraf - New CMD of Oil and Natural Gas Corporation.

Dr. Harsh Vardhan- Health and Family Welfare Minister

Edward Snowden - New Rector of the University of Glasgow

G. Rohini – First Woman Chief Justice, Delhi High Court

Glen Attewell - New CEO to Tesco HSC

Gopinath Munde - Rural Development, Panchayati Raj, Drinking Water and Sanitation Minister

Genral Bikram singh - Cheif of Army Staff

H C Meena - Secretary Security, Cabinet Secretariat.

Harish Rawat - CM of Uttrarakhand.

Harsimrat Kaur Badal - Food Processing Industries Minister

Hiroshi Naka - Vice President and Auditor General of World Bank

Ibrahim Mahlab - New PM of Egypt

Jamila Bayaz - First Women Police chief, Afghanistan

Janet Yellen - Head of US Federal Reserve (1st Woman)

Jatinder Bir Singh - Chairman and Managing Director of Punjab and Sind Bank (PSB)

Jean-Claude Juncker - Next President of European Commission

Jitan Ram Manjhi - Chief Minister of Bihar

John Thompson - Chairman of Microsoft.

Jual Oram - Tribal Affairs Minister

Juan Carlos Varela Rodríguez - President of Panama

Justice Ashok Kumar Mathur - Chairman of the 7th Pay Commission

Justice B.S. Chauhan - Judge of the Supreme Court

K. Chandra Sekhar Rao - CM of Telangana state

K. Siva Prasada Rao - first Assembly speaker of new Andhra Pradesh

Kailash Meghwal - Speaker, Rajasthan Assembly

Kalraj Mishra - Micro, Small and Medium Enterprises Minister

Kalvakuntla Chandra Sekhar Rao - Chief Minister of Telngana

Kalyan Singh - vice president of BJP

Kamal Nath - pro tem speaker of Lok Sabha

Kamla Beniwal - Mizoram Governor

Karim Massimov - New Prime Minister of Kazakhstan

Kiran Mazumdar Shaw - Chairperson, Indian Institute of Management-Bangalore (IIM-B)

Lt Gen P R Kumar - Director General of Military Operations (DGMO), Indian Army

M Teresa Kho - ADB's (Asian Development Bank) new country director for India

Madhuri Dixit - Brand ambassador for Mamta Abhiyan, Madhya Pradesh

Madhusudanachari - first Speaker of Telangana

Maneka Sanjay Gandhi - Women and Child Development Minister

Manuel Valls - New Prime minister of France

Marco Lambertini - Director-general of the WWF International

Margaret Alva - New Governor of Gujarat

Marie-Lousie Coleiro Preca - Precident of Malta

Matteo Renzi - Italy's youngest PM

Mukul Mudgal - chairperson of Broadcasting Content Complaints Council (BCCC)

Mukul Rohatgi - new Attorney-General of India

N P Singh - CEO, Multi Screen Media

N Srinivasan - 1st Chariperson of ICC

N. Ramachandran - President, Indian Olympic Association

N. Srinivasan - Chairman of the International Cricket Council

N. Srinivasan - Chief of the Tamil Nadu Cricket Association

Nabam Tuki - Chief Minister of Arunachal Pradesh

Najma Heptulla - Minority Affairs Minister

Nara Chandra Babu Naidu - Chief Minister of Andhra Pradesh

Narasimhan - Common Governor of 2 states (Andhra Pradesh & Telangana)

Narendra Kothari - Chairman of National Mineral Development Corporation (NMDC) Ltd

Narendra Modi

Prime Minister of India
Personal,Public Grievances & Pensions
Department of Atomic Energy
Department of SPACE
All important policy issues
All other protfolios not allocated to any minister

Narendra Singh Tomar - Mines, Steel, Labour and Employment Minister

Naveen Patnaik - Chief Minister of Odisha

Nitin Gadkari - Road Transport and Highways, Shipping Minister

Nripendra Misra - Principal Secretary to Narendra Modi

Oleksandr Turchynov - Interim President of Ukraine

P. Madhusudan - CMD, Rashtriya Ispat Nigam Ltd (RINL)

Pawan Chamling - Chief Minister of Sikkim

Petro Poroshenko - Ukraine President

PK Mishra - Additional Principal Secretary of Prime Minister

Poonam Khetrapal Singh - Regional Director of World Health Organisation (WHO) South-East Asia Region

Pradeep Kumar Saxena - GM, South Western Railway

Priyadarshi Mohapatra - MD Avaya's India and SAARC operations)

R Gandhi - Deputy Governor of RBI

R. Chandrashekhar – President, NASCOM

R. K. Dhowan – New Navy Chief

R. Kavery Banerjee - New Secretary at Department of Posts

Rajendra Mal Lodha - New Chief Justice of India

R.K.Tiwari - Chairman of Central Board of Direct Taxes (CBDT)

Radha Mohan Singh - Agriculture Minister

Rajeev Kher - Secretary in Department of Commerce.

Rajeev Suri – 1st Indian President and CEO of Nokia

Rajeev Topno - Private Secretary to Prime Minister

Rajendra Mal Lodha - Chief Justice of India

Rajnath Singh - Home Affairs Minister

Rakesh Khurana - Dean, Harvard College

Rakesh Maria - Mumbai Police Commissioner

Ram Vilas Paswan - Consumer Affairs, Food and Public Distribution Minister

Ranjit Kumar - Solicitor General of India

Rasik Ravindra - member of UNCLCS

Ratan Tata - member of the Board of Boao Forum for Asia (BFA)

Ravi Chauhan - New MD of SAP India

Ravi Shankar Prasad - Communications and Information Technology, Law and Justice Minister

Robin K Dhowan - New Navy Chief

Rohington F Nariman - New Judge of Supreme Court

S.K. Sharma - CMD of Bharat Electronics Ltd.

Salvador Sanchez Ceren - EL Salvador President

Sanjay - Deputy Chairman of CII (Confederation of Indian Industry), Western Region.

Sanjay Kapoor - Chairman, Micromax

Satya Nadella – 1st Indian CEO of Microsoft

Saurabh Chandra - Secretary, Ministry of Petroleum & Natural Gas

Shaktikanta Das - New Revenue Secretary

Shankar Venkateswaran - Chief, Tata Sustainability Group

Sharat Chander - Information officer in PMO

Shefali Duggal - Member, US Holocaust Memorial Council

Sheikh Hasina - Prime Minister of Bangladesh, 3rd Time

Sheila Dikshit - Governor of Kerala

Shikhar Dhawan - Brand Ambassador to Canara Bank

Smriti Irani - Human Resource Development Minister

Soma Mondal – 1st woman director of National Aluminium Company Ltd (NALCO).

Sudhir Gupta - Secretary, TRAI

Sumitra Mahajan - Speaker of Lok Sabha

Sunil Kumar Sood - General Manager, Central Railway

Suresh Kumar Reddy - First ambassador to ASEAN and East Asia Summit

Sushil Koirala - PM of Nepal

Sushma Swaraj - External Affairs, Overseas Indian Affairs Minister

T. Nanda Kumar - Chairman, National Dairy Development Board (NDDB)

Thawar Chand Gehlot - Social Justice and Empowerment Minister

TR Zeliang - Chief Minister of Nagaland

Uday Sareen - Deputy CEO, ING Vysya Bank

Uma Bharati - Water Resources, River Development and Ganga Rejuvenation Minister

V. Kannan - CMD of Vijaya Bank

Vakkom Purushothaman - Nagaland governor (resigned immediately)

Venkaiah Naidu - Urban Development, Housing and Urban Poverty Alleviation, Parliamentary Affairs

Minister

Viktor Orban - Prime Minister of Hungary

Vinod Sawhny - CEO of Reliance Communications (RCom)

Vishal Sikka - Infosys CEO

Yaduvendra Mathur - CMD of Export-Import Bank of India (Exim Bank)

Zeid Ra'ad Zeid Al-Hussein - UN High Commissioner for Human Rights

02:11 - By Unknown 0

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Complete Awards List 2014

Complete Awards List 2014

Friends, here is the List of Awards 2014 for upcoming SBI Clerks Online Exam. This list consists of 91 names (78 of them were already posted for SBI PO Exam, remaining 13 are from June and July Month Current Afairs). You can download the pdf file of the same from below mediafire link. The pdf file also consists of important movie awards lists like IIFA, Cannes, National Film Awards, Film fare awards, Golden Globe awards, Oscar Awards along with beauty contests, Pulitzer, Pravasi Bharatiya Samman, National Communal Harmony and Padma Awards. Please feel free to use the comments box below if you feel that we've missed any name. All the Best :)

Abhishikta S Shetty - Miss South India 2014
Ahmet Sik (Turkish journalist) - UNESCO/Guillermo Cano World Press Freedom Prize 2014
Amitabh Bachchan - India's Global Icon of the Year
Amul (Milk Product Brand) - High Performance Brand Award 2013
Anand Kumar - Ramanujan Mathematics Award 2014
Anees Salim - The Hindu Prize for Best Fiction 2013
Angela Merkel - Israel's highest civilian honour (the "Medal of Distinction")
APJ Abdul Kalam - honorary degree from University of Edinburgh
Arogya Swami Joseph Paulraj - 2014 Marconi Society Prize
Assamese Film Ekhon Nedekha Nadir Xipaare (As River Flows) - Audience choice award in North Carolina film festival
Bharat Gupta - Youth Achievers Award
Bipan Chandra - Itihas Ratna Award 2014
C Radhakrishnan (Writer, Theekkadal Katanhu Thirumadhuram) - Moortidevi Award for 2013
Swraj Paul, Caparo Group - International Business of the Year award 2014
Chandi Prasad Bhatt - Gandhi Peace Prize (2013)
Cristiano Ronaldo - world's best soccer player for the 2012/2013 season (FIFA)
Cyrus Mistry - DSC prize for South Asian literature
Donna Tartt (for the book Goldfinch) - Pulitzer Prize 2014 (Fiction)
Dr Sumeet Chugh - Simon Dack Award
Dr. Sanjaya Rajaram - World Food Prize 2014
Dr. Tej Vir Singh - UNWTO Ulysses Prize for Excellence 2013 in the Creation and Dissemination of Knowledge
Eimear McBride (Author, A Girl is a Half-Formed Thing) - Bailey's Women's Prize 2014
Gabriela Isler – Miss Universe 2013
Govind Mishra (for the book Dhool Paudho Par) - Sarawasti Samman (2013)
Gulzar - Dadasaheb Phalke Award 2013
Gyan Correa - Gollapudi Srinivas National Award 2013
Hindustan Aeronautics Limited (HAL) - Navaratna award
ICICI Prudential Mutual Fund - Morningstar India‘s best fund house award in the debt
Iwao Hakamada - WBC honorary Championship Belt
Javed Aktar (for the book Lava)- Sahitya Akademi Award 2013
Jeev Milkha Singh - Asian Tour‘s Player of the Decade
Jhumpa Lahiri (for the book Lowland) - Baileys Prize 2014(Shortlisted)
Kapil Dev - C. K. Naidu Award
Kathy Cross - First woman to be inducted in an ICC umpires' panel
Kedarnath Singh - Jnanpith award 2013
Kerala Tourism - United Nations Award
Killa (a Marathi film) - Crystal Bear (Glasernen Bar)Award at the 64th Berlin International Film Festival.
Kolkata Airport - Airport Service Quality Award
Koyal Rana - 51st Femina Miss India
Laxmi (an acid attack victim) - International Women of Courage Award, US
Lewis Hamilton - Chinese F1 Grand Prix
Lingaiah Nagarapu - STF Best Scientist Award
Lord Swraj Paul - Lifetime Achievement Award, Black Country Asian Business Association
Luis Suarez - PFA Player of the year
Madan Babu - Protein Science Young Investigator Award 2014
Malala Yousafzai - Children’s Nobel Prize (Nominated)
Malala Yousafzai - Liberty Medal
Mathangi Sathyamurthy - M S Subbulakshmi Award
Meb Keflezighi - First US male athlete to win the Boston Marathon
Meera Chandrasekhar - Robert Foster Cherry Award for Teaching 2014
Mitchell Johnson - Allan Border medal
Mitul Kadakia - Gregory Braden Memorial Fellow of the Year Award 2014
MS Dhoni - UK’s 2014 Asian Award
N R Narayana Murthy (Infosys) - Canada India Foundation Chanchalani Global Indian Award 2014
Nadine Angerer - Best women's football player in the world (2013)
Nirendranath Chakraborty - Sunil Gangopadhyay Memorial Award (2012)
Pankaj Mishra - Windham Campbell Literature Prize 2014 (Non-Fiction)
Pope Francis - Time Person of the year 2013
Pranab Mukherjee - Award of Honor from Rotary International
Prof C N R Rao - Bharat Ratna
Prof Stuart Parkin - Millennium technology Prize 2014
Queen Latifah - 2014 Matrix Award
Rajesh Gopakumar - 23rd G D Birla Award for scientific research (2013)
Rajiv Gandhi International Airport - Sword of Honour award
Ramesh Agrawal - Goldman Prize
Ratan Tata - UK's highest civilian award (Knight Grand Cross)
Richard Quest - UNWTO Award for Lifetime Achievement 2013
Sachin Tendulkar - Bharat Ratna
Sachin Tendulkar - Cricketer of Generation Award
Sankha Ghosh - Sunil Gangopadhyay Memorial Award (2013)
Shahrukh Khan - Officer of the Legion of Honour, France
Shigeru Ban - Pritzker Architecture Prize 2014
Shikhar Dhawan - Wisden's Five Cricketers of the Year
Shubhranshu Choudhary - Digital activism award
Sikkim - National Tourism Award
Silent Screams : India's Fight Against Rape (documentary) - New York Festivals TV & Film Awards 2014
Slaman Rushdie - Pen Pinter Prize 2014
Sourav Ganguly - Honorary Doctor of Letters (D.Litt) degree by BESU
Sriprakash KS - Asia Pacific Academy Award
Stanislas Wawrinka - Monte Carlo Masters Title
Sudarsan Pattnaik - People's Choice prize at World Cup of Sand Sculpting-2014
TCS - Top Employer in Europe
Tejinder Virdee - Knighthood Bachelor
Tomas Halik - Templeton Prize 2014
T-TBI (Technopark Technology Business Incubator) - Golden Peacock Award 2014
V. Somasundaram - Bharat Ratna JRD Tata Award 2013
Vijay Seshadri - Pulitzer Prize 2014 (Poetry)
Vishwanath Tripathi - Vyas Samman 2013
Yakov Grigorevich Sinai - Abel Prize 2014
Yushi (Taiwan Poet) – Thiruvalluvar award

01:37 - By Unknown 0

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Union Budget 2014-2015

Important details you should know about Union Budget

Friends, as you know, our Finance Minister Mr. Arun Jaitely has presented the Union Budget 2014-15on 10th July 2014.

Introduction
The budget is an extensive account of the government's finances, in which revenues from all sources and expenses of all activities undertaken are aggregated.
The Finance Minister presents the union budget every year in the Parliament that contains the Government of India's revenue and expenditure for one fiscal year, which runs from 1st April to 31st March.

Historical Preview

The term 'Budget' is actually derived from a French word 'Bougette', which means a sack or pouch. It was first used in France in 1803.
In the Constitution of India the term Budget is no where used. It is rather mentioned as Annual Financial Statement under Article 112 comprising the revenue budget, capital budget and also the estimates for the next fiscal year called budgeted estimates.
As per the British Legacy, the Union Budget of India used to be presented on the evening of last working day of the month of February to follow the British Budget.

Preparation of Budget
The budget is prepared by the budget division in the Ministry of Finance (MoF), after consulting with other ministries and the Planning Commission. The process majorly includes following steps which may be sequential or overlapping too.

Stages in Budget Enhancement

The budget goes through the following six stages in the Parliament.
Presentation of the budget on the floor of the House before the Lok Sabha.
General discussion on the budget
Scrutiny by departmentally related standing committees
Voting on demands for grants
Passing of appropriation bill (Article 114 of the Constitution of India)
Passing of finance bill (under Rule 219 of the Lok Sabha)

Vote on Account

If budget is not passed of before the beginning of financial year, then government use the concept of vote on account. Usually, the Appropriation Bill (expenditure part of budget) is passed by end of April, but government needs money from beginning of financial year, so government use vote-on-account to remove money from consolidated fund of India.

Types of Budgeting

Line Item Budgeting : It emphasizes on the items (objects) of expenditure without highlighting its purpose. It gives object-wise (Line-item) classification in budget. Under this system, the amount granted by the legislature on a specific item should be spent on that item only.
Output Budgeting : It concentrates only on the quantitative aspect of expenditure.
Performance Based Budgeting : Its attempt to solve decision making problems based on a programme's ability to convert inputs to outputs and use inputs to affect certain outcomes.
Performance may be judged by a certain programme's ability to meet certain objective that contribute to more abstract goal as calculated by that programmes ability to use resources efficiently by linking input to outputs.
Outcome Budgeting : This type of budgeting tries to ensure that budget outlays translate into concentrate outcomes.
Zero Based Budgeting : It is a method of budgeting, in which all budgetary allocations are set to nil at the beginning of a financial year. Zero-based budgeting requires the budget requests be re-evaluated throughly, starting from the zero-base. This process is independent of whether the total budget or specific line items are increasing or decreasing. Zero based budgeting also refers to the identification of a task or tasks and then funding resources to complete the task independent of current renouncing.
Gender Budgeting : It came into being in 2004-05. To contribute towards the women empowerment and removal of inequality based on gender, role of budgeting has been accepted through this step.
Programme Budgeting : It emphasis the planning aspect of budgeting for selecting the beset out of a number of available programmes and for optimizing the choice.

Quick Review of Some Important Facts about Budget

John Mathai proposed the first budget of Republic of India in 1950 and also the creation of Planning Commision.
Finance Minister Morarji Desai has given budget for the maximum number of times (10 times - 8 budgets and 2 interims) followed by P Chidambaram, who has given 9 budgets (8 budgets and 1 interim).
CD Deshmukh was the first Indian Governor of RBI to have presented the Interim Budget for the year 1951-52
Mrs. Indira Gandhi is the only woman to hold the post of the Finance Minister and to have presented the budget in her capacity as the Prime Minister of India in the year 1978
The first mini-budget was presented by TT Krishnamachari on 30th November, 1956, in form of fresh taxation proposals through Finance Bills, Demanded by the prevailing domestic and international economic situation.

The year 2014 has seen two budgets. One Interim (presented by P. Chidambaram on 17th February 2014) and one General Budget (Presented by Arun Jaitley on 11th July 2014). You can download pdf versions from below.

Difference between Interim Budget and Union Budget
As you know, every year on the last working day of financial year, the Government of India presents the Union Budget for the next financial year. However, if it is an election year just like it was in 2014, teh government can not present a full-fledged Union budget, because they can't be sure that they'll form the next government or not. This Kind of Budget is known as Interim Budget. The Interim Budget is a temporary budget as its name suggests, passed by the departing government. The interim Budget includes reports of all the expenses incurred and incomes by the government in the previous financial year. The interim budget also includes the likely expenses to be incurred in coming few months till the new government takes over. There are no proposals of incomes in this interim budget but information on collection of taxes.

Important Highlights of Union Budget 2014-2015:

New Projects and New Schemes:-

* 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan

* 5 more IITs in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.

* 4 more AIIMS Hospitals.

* ‘Digital India to ensure broad band connectivity at village level

* Kisan TV for farmers, Arun Prabha TV for northeast.

* Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology

* A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.

* EPFO to launch the “Uniform Account Number” Service for contributing members. One Account No For All.

* New programme “Neeranchal” to give impetus to watershed development in the country with an initial outlay of Rs. 2142 crores.

* Beti Bachao, Beti Padhao Yojana for girl child education.

* Swachh Bharat Abhiyan to cover every household with sanitation facility by the year 2019

Tax Policy and Monetary:-

Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6 for 2015-16 and 3% for 2016-17.
Revenue Deficit seen at 2.9% for FY15
Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM
Committed for growth of agriculture at the rate of 4 per cent.
Defence FDI cap raised to 49% from 26% at present.
Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh.
For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum.
Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.
No change in Income tax rates and slabs .
Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
Minimum pension increased to Rs 1,000 per month
Amount Allocated To Various Schemes:-

* Rs 100 crore to support about 600 new and existing Community Radio Stations.

* Rs 100 crore for metro projects in Lucknow and Ahmedabad

* Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’

* Rs 150 crore allocated for increasing safety of women in large cities

* Rs. 7,060 crore for the project of developing 100 Smart Cities.

* Set aside Rs 11,200 crore for PSU banks capitalisation

* Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants

* 1000 crore provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation.

* Rs. 50,548 crore under the SC Plan and Rs. 32,387 crore under TSP

01:22 - By Unknown 0

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Profit, Loss and Discount shortcut techniques - Lesson 1 & 2

Profit, Loss and Discount shortcut techniques - Lesson 1

If you buy a mobile for Rs 1000, then it is called Cost Price. If you sell that to me for Rs 2500 (don't worry, I am dumb enough to buy that) then it is called the Selling Price. Here you made a "PROFIT" or "GAIN" of Rs 1500. If i sell the same mobile for Rs. 1800 to anybody else, then I will make a "LOSS" of Rs. 700.

Simply we can say that, if the Selling Price is is more than the Cost Price we can Make Profit. or If the Cost Price is more than the Selling Price then we will end up with Loss.

Profit = Selling Price (S.P) - Cost Price (C.P)

Percentage of Profit / Loss is calculated on the cost price by the following formula

Profit Percent = (Profit / Cost Price) X 100

Similarly,

Loss = Cost Price (C.P) - Selling Price (S.P)

Loss Per Cent = (Loss / Cost Price) X 100

Some Important Points to Remember :

Profit Or Loss Per Cent is always calculated on C.P and not in S.P
Overhead expenses like Packaging, Transportation etc. are always added to the cost price to get the total C.P. and then profit per cent or loss per cent is calculated on this total cost price.
When the C.P and the S.P are given for different number of articles, first of all find C.P and S.P of equal number of articles and then only calculate profit per cent or loss per cent.

Marked Price and Discount :
When we go to a shop, we find price tags attached to the goods. The original price written on the price tag is called the "Marked Price". Sometimes, a reduction or concession is given on some Goods. We call this reduction as "Discount" . In Business, Discount is to attract the customers. More the sale, More the Profit :) Discount is given directly in terms of Money or in terms of other attractive articles. Direct discount is given on the labelled price. Which is much more than the actual cost price the seller has to pay. It is calculated in percentage. Seller gets profit even after giving discount to you.

Profit, Loss and Discount - Lesson II

Knowing the labelled price and the discount percentage and the percentage profit of the seller, we can get the actual cost price.

The selling price fixed by the seller includes all other necessary expenses like taxes, carting expenses etc. By giving some discount, the seller gets more customers.

Note : Commission or brokerage is Added when we purchase, Subtracted when we Sell.

Note : In case of Successive discounts, the first discount is calculated on Marked Price, and is subtracted from it. The second discount is is then calculated on the resulting amount and again subtracted. The amount left after subtracting the last discount is the selling price of the Article.

The discount is always calculated on the Marked Price. have a look at the following Example.

A Shopkeeper marks the price of an article as Rs. 600. Find the selling price if he allows 10% discount ?
Sol :

Here, Marked price of the article = Rs 600
Shopkeeper is allowing a 10% discount.
So, if Rs 100 is Marked Price of the article, then Rs. 10 discount is offered on it.

So, Selling Price (S.P) of the article is Rs . 90.

so here, for Rs. 100 marked price the Discount = 10
for Rs. 600 marked price, the Discount = ?
You can directly say the answer... Or,
(600/100) X 10 = 60

So, S.P = M.P - Discount
=> 600 - 60

=> Selling Price = Rs 540

01:13 - By Unknown 0

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Number Series short cut techniques

Number Series short cut techniques

A number series can be considered as a collection of numbers in which all the terms are formed according to some particular rule or all the terms follow a particular pattern. The relation of any term to its preceding term will be same through out the series.

You have to find out the rule in which the terms of the series are selected and depending on that rule you have to find out the missing number. There is no definite rule for the series. Generally the series can be of the following types.

Prime Series : IN which the terms are the prime numbers in Order

Ex : 2, 3, 5, 7, 11, 13, _ , 19

Here the terms of the series are the prime numbers in order. The prime number after 13 is 17. So the answer to this question is 17.

Alternate Primes :

Ex: 2, 5, 11, 17, 23, _, 41

Here the series is framed by taking the alternative prime numbers. After 23, the prime numbers are 29 and 31. So the answer is 31.

Every Third number can be the sum of the preceding two numbers:

Ex : 3, 5, 8, 13, 21

Here starting from third number
3 + 5 = 8
5 + 8 = 13
8 + 13 = 21
So, the answer is 13 + 21 = 34

Every Third number can be the product of the preceeding two numbers

Ex : 1, 2, 2, 4, 8, 32.

Here starting from the third number
1 X 2 = 2
2 X 2 = 4
2 X 4 = 8
4 X 8 = 32
So, the answer is 8 X 32 = 256

The difference of any term from its succeding term is constant (either increasing series or decreasing series :

Ex : 4, 7, 10, 13, 16, 19, _, 25

Here the difference of any term from its succeding term is 3.
7 - 4 = 3
10 - 7 = 3
So, the answer is 19 + 3 = 22

The difference between two consecutive terms will be either increasing or decreasing by a constant number :

Ex : 2, 10, 26, 50, 82, _

Here, The difference between two consecutive terms are
10 - 2 = 8
26 - 10 = 16
50 - 26 = 24
82 - 50 = 32

Here, the difference is increased by 8 (or you can say the multiples of 8). So the next difference will be 40 (32 + 8). So, the answer is 82 + 40 = 122

Ex : 63, 48, 35, 24, 15, _

Here, the difference between the two terms are
63 - 48 = 15
48 - 35 = 13
35 - 24 = 11
24 - 15 = 9
Here, the difference is decreased by 2. So, the next difference will be 7. So, the answer is 15 - 7 = 8.

The difference between two numbers can be multiplied by a constant number :
Ex : 15, 16, 19, 28, 55, _

Here, the differences between two numbers are
16 - 15 = 1
19 - 16 = 3
28 - 19 = 9
55 - 28 = 27

Here, the difference is multiplied by 3. So, the next difference will be 81. So, the answer is 55 + 81 = 136

The difference can be multiplied by numbers which will be increasing by a constant number :
Ex : 2, 3, 5, 11, 35, _
The difference between two numbers are
3 - 2 = 1
5 - 3 = 2
11 - 5 = 6
35 - 11 = 24
Here, the differences are multiplied by numbers which are in increasing order.
Differences are
1
1 x 2 = 2
2 x 3 = 6
6 x 4 = 24
So, the next difference will be 24 x 5 = 120. So, the answer is 35 + 120 = 155.

Every succeeding term is got by multiplying the previous term by a constant number or numbers which follow a special pattern.

Ex : 5, 15, 45, 135, _
Here, 5 x 3 = 15
15 x 3 = 45
45 x 3 = 135
So, the answer is 135 x 3 = 405.

Ex : 2, 10, 40, 120, 240, _
Here, 2 x 5 = 10
10 x 4 = 40
40 x 3 = 120
120 x 2 = 240
So, the answer is 240 x 1 = 240

In certain series the terms are formed by various rule (miscellaneous rules). By keen observation you have to find out the rule and the appropriate answer.

Ex : 4, 11, 31, 90, _
Terms are,
4 x 3 - 1 = 11
11 x 3 - 2 = 31
31 x 3 - 3 = 90
So, the answer will be 90 x 3 - 4 = 266

Ex : 3, 5, 14, 55, _
Terms are,
3 x 2 - 1 = 5
5 x 3 - 1 = 14
14 x 4 - 1 = 55
So, the answer will be 55 x 5 - 1 = 274

Ex : 3, 7, 23, 95, _
Terms are,
3 x 2 + 1 = 7
7 x 3 + 2 = 23
23 x 4 + 3 = 95
So, the answer will be 95 x 5 + 4 = 479

Ex : 6, 17, 38, 79, _
Terms are,
6 x 2 + 5 = 17
17 x 2 + 4 = 38
38 x 2 + 3 = 79
So, the answer is 79 x 2 + 2 = 160
As we already told, there is no rule or logic to solve these type of problems. Only practice can make your brain sharp to understand the logic in a quick glance. so do as many problems on number series as possible.

01:04 - By Unknown 0

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Partnership

Partnership

Assume that TWO or MORE people together are doing a Business. It is called partnership. All the people who invests money are called Partners. The money contributed by these people is called their Capital (C).

Simple Partnership : If each person contributes only one capital for the same time period, then it is called a Simple Partnership. In a simple partnership the Profit / Loss is divided in the ratio of the Capitals.

Compound Partnership : If the partners contribute different capitals for different capitals for different time periods or at least one partner contributes two or more capitals for different time periods then the partnership is called as the Compound Partnership. In Compound partnership the profit / loss will be divided in the ratio of Monthly Equivalent Investment (MEI).

MEI : MEI = Capital of a person X Respective investment period.

Sleeping Partner : If a person just invests the money but doesn't take care of day to day activities of the business is called a Sleeping Partner.

Active Partner : The person who actually takes care of the day to day activities of the business is called the Active Partner. The active partner will be paid a monthly salary or a part of gross profit at the end of the business term.

Important Note from Guide4BankExams : In every question that is being asked in bank exams whether the partnership is Simple or Compound, always take the ratio of Capitals including advances and withdrawals and then replace the Capitals with the respective terms of the Ratio.

Now lets do some problems.

1. Ranbir and Imran started a business initially with Rs. 14,200 and Rs. 15,600 respectively. If the total profit is Rs. 74,500 then what is Ranbir's share in the profit?

Sol : Capital's ratio of Ranbir and Imran = 14200 : 15,600 = 71:78
Their profit's ratio = 71:78

So, Ranbir's Profit = ((74,500) / (71+78)) X 71 = (74500 / 149) x 71 = 35,500

2. A and B enter into a partnership by making investments in the ratio 1:2. 5% of the total profit goes to charity. If B's share is Rs. 760, then total profit is?

Sol : Let the profit be 100% . Profit to be distributed by A and B,
So100% - 5% = 95% (Because 5% goes to Charity)

So, Capitals are in the ratio 1:2. They must distribute the profits in the ratio of 1:2.

So, B's share = ((95% / (1+2) ) X 2 = 190% / 3

=> 190%/3 = 960

So 100% ----> ?

= (760 x 100%) / ( 190%/3) = (760 x 300) / 190 = 1200

3. Amir, Sharukh and Salman started a business jointly investing Rs. 11 Lakh, Rs 16.5 Lakh and Rs 8.25 lakh respectively. The profit earned by them in the business at the end of 3 years was Rs. 19.5 Lakh. What will be the 50% of Salman's share in the profit?

Sol : Capitals ratio of Amir, Sharukh and Salman = 11 : 16.5 : 8.25
= 44 : 66 : 33 (Just tripled the values and added to avoid DECIMALS)
= 4 : 6 : 3
Since all of them invest for the same time period ( 3 Years), their partnership is a Simple One.

So, profit's Ratio = Capital's Ratio = 4 : 6 : 3

Total profit = 19.5 Lakhs

So, Salman's Share = ( (19.5) / (4+6+3) ) X 3 = ( (19.5) / 13) ) X 3 = 4.5

So, 50% of Salman's Share = 4.5 / 2 = 2.25 Lakhs

4. A, B, C and D enter into a partnership investing Rs. 3000, C invests twice as much as D. B invests twice as much as C and A invests twice as much as B. Find B's share of the annual profit of Rs 1250?

Sol : Let D=1, C=2X1 = 2, B=2X2=4, A=2X4=8

=> A:B:C:D = 8:4:2:1

So, B's Share in the profit of Rs. 2250 = ((2250) / (8+4+2+1)) X 4 = ((2250 / 15) X 4) = 600

5. A, B and C enter into a partnership with certain capital in which A's Contribution is Rs. 10,000. If out of total profit of Rs 1000. A gets Rs. 500. B gets Rs 300, then C's capitals is?

Sol: Profit's ratio of A:B:C

= 500 : 300 : 200 = 5 : 3 : 2

So, Capital's A : B : C = 5 : 3 : 2

So, C's Capital = (10000 / 5) X 2 = 4000

6. A and B started a business by investing Rs 50,000 and Rs 60,000 respectively. A receives 12 1/2 % of the profit for managing the business and the rest is divided in proportion to their capitals. Find the share of each in a profit of Rs 8800?

Sol: Capital's ratio of A and B = 50000 : 60000 = 5:6
Money received by A for managing the business

= 12 1/2 % X 8800 = (1/8) X 8800 = 1100

Profit to be distributed = 8800 - 1100 = 7700

So, B's Share = (7700 / (5+6)) X 6 = (7700 / 11) X 6 = 4200

00:55 - By Unknown 0

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Compound Interest

Compound Interest

The interest which is calculated NOT ONLY on the original principal, but also on the INTEREST earned in previous period is called Compound Interest.

Confused?

Ok, assume that you gave me Rs. 1000 with 10% interest. First year, the interest will be

(10/100)X1000 = 100 [Same as the Simple Interest]

But in the 2nd year, the interest will be,

(10/100) X (1000+100) = 110

The difference between Simple Interest and Compound Interest :

S.I and C.I are same for the first year on the same sum and at the same rate percent.
In S.I, interest is calculated on the original Principal only (for all the years). But from 2nd year, the C.I is calculated not only on the original principal, but also on the interest of the first year.

On the same sum and at the same rate of Interest, the C.I of the 2nd year is always more than the C.I of the 1st years and their difference is equal to the interest on the interest of the first year.

Amount = P

C.I = Amt - Principal

Where,
A = Amount
P = Principal
R = Rate of Interest
T = Time Period

Example : Assume that Shivani borrows 3,000 at Rate 10% by C.I.
The C.I on any principal becomes effective only after the 1st year is complete. Which means, that at the end of the first year. So, at the first year, the C.I is equal to the S.I of the Principal

so, S.I = PTR/100 = (3000 X 1 X 10) / 100 = 300 at the end of the first year.

NOw, if the sum borrowed with C.I, the above S.I is added to the Principal (So, in the above case, the principal becomes 3000+300 = 3300 ) and then if you calculate S.I on this amount, with the same S.I formula, you can get C.I for the second year.

P = 3300 R = 10 T = 1 Year

C.I for the 2nd year = PTR / 100 = (3300 X 1 X 10) / 100

C.I = 330

The total C.I = 300 (at the end of the 1st year) + 330 (at the end of the 2nd year)

= 630

The same C.I can also be calculated by the above mentioned C.I formula.

C.I = Amt - Principal =

00:51 - By Unknown 0

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Simple Interest

Simple Interest and Compound Interest Difference

I need money. I don't have enough to meet my requirement. Then what should I Do?

Well I have 3 wonderful options.

Robing a Bank : It needs Courage, Effort, Planning and Hard-work. Well I am sure that I don't have any of these.
To kidnap you and ask your dad for money : Ummmm, not a good idea!!! Nexxxxxxxt
To borrow the money from my friend. Sounds good, isn't it?

But Nobody gonna give me money if Isay that I'm not going to return it to him. So, I should promise him that I will return the amount within a specif amount of time (not really :P). And in-order to TEMPT him, I also will promise him that I will return his money with some ADDITIONAL money. This additional money is called INTEREST.
There are TWO types of Interests are there

Simple Interest : The amount charged by the lender for giving you his money for a specific amount of time.
Compound Interest : Here also same. But here the lender calculates the Interest on Interest if the given time exceeds (dont worry if you are unable to understand what I am saying. We shall discuss about this in our next post. Now concentrate on Simple Interest)

When money is borrowed at Simple Interest, the interest charged is same irrespective of the period involved.
I mean, if Simple Interest for One year is Rs 1000/-, then for 2 Years with teh same rate percent, it will be 2X1000 = 2000/-

So, for 8 years it will be 8 X1000 = 8000.

So, if the Simple Interest (or SI in shorter form) on a certain sum is Rs 600 in 3 yrs, then the SI on that sum for one year will be 600/3 = 200

Now have a look at some formulas :

SI = (P*T*R)/100

Where
SI=Simple Interest
P= Principle (the actual money borrowed)
T=Time in Years
R=Rate of % per annum (The percentage of the Principle, we should pay as the Interest)
So, Obviously

P = (100I) /TR
T = (100I) /PR
R = (100I) / PT
Now, how much money we should pay to the Lender?
Its the total of the money we have taken from him and the money we should pay in the name of Interest.

So, Amount A = P+I The actual amount (Principle) + Interest

Now lets see some Examples

Simple Interest - Practice Problems

Here are some Simple Interest Practice Problems. Before Doing Problems, Have a look at the Basics HERE

1. Find the Simple Interest on Rs 750 in 4 years at 15% per annum

here S.I = PTR/100
= (750 X 4 X 15) / 100 = 450

2. On what sum of money will the Simple Interest be Rs. 2000 in 5 years at 8% Per Annum?

here they are asking about P,

So, P = 100I / TR
= (100X2000) / 40 = 5000

3. A man invested Rs. 20,000 at 10% P.A. Rs. 15,000 at 12% P.A. and some money at 15% P.A. If the total annual interest recieved is Rs. 56,00, find the money invested by him at 15% P.A
here, the total Interest he recieved is Rs. 56,00.
So, find the total interest and try to equate it with 56,00

So, the total interest = Σ [ (PTR)/100 ] [ here Sigma symbol ( Σ ) represents the Total]

= 200X10+150X12+ (P/100)X15 = 5600

3800+ (3P/20) = 5600

= 3P/20 = 1800 => P = 12000/-

4. On a sum of money the rate of interest is 5% Per Annum for the first 3 years, 6% Per Annum for the next 4 years, and 8% Per Annum for the next years beyond the first 7 Years. If the interest obtained in 12 Years is Rs. 3,950, Find the Sum?

5% X 3 + 6% X 4 + 8% X 5
= 15% + 24% + 40% = 79%
=> (79/100) P = 3950

=> P = (39500/79) = 5000

5. A sum was put at 5% at a certain rate for 5 Years. Had it been put at 3% Per Annum higher rate, it would have fetched Rs. 900 more. Find the Sum?

P = 100I / TR [Note : Here I is Additional Interest and R is additional Rate]

= (100 X 900) / (5X3)
= 6000

6. On a certain Sum of Money the Simple Interest in 2 years at 10% P.A is Rs. 125, what would be the S.I if the rate of Interest will be 12% P.A in 3 Years?

Here the Principle is same for both the cases. I mean p = P

=> 100i / tr = 100I / TR

= 125 / (2 x 10) = I / (3 x 12)

= > I = 225

7. The S.I on Rs 6400 at 12 1/2 % per annum is Rs. 2000. Find the Period ?

T = 100I / PR = (100 X 2000 X 2) / (6400 X 25) = 2 1/2 years

8. The S.I on Rs. 6000 in 3 Years and 4 Months is Rs. 3000. Find the rate percent Per Annum ?

[ here T = 3 4/12 = 3 1/3 = 10/3 years]

I = PTR / 100 => R = 100I / PT

=> (100 X 3000 X 3) / (6000 X 10 ) = 15

9. Manish took a loan of Rs. 4000 at S.I. After 2 Years he cleared the loan by paying Rs. 5600. Find the Rate % P.A?

[ Here Manish took Rs. 4000 and Payed 5600. So the Interest will be 5600-4000 = 1600 ]

So, R = 100I / PT

= (100 X 1600) / (400 X 2)

= 20

10. A lent Rs. 25000 to B for 4 years and Rs. 40,000 to C for 3 1/2 years and got Rs. 24,000 S.I from both B and C. Find the rate PCPA

Σ [ (PTR)/100 ] = 250 X 4R = 400 X (7/2) R = 2400R

=> R = 10

00:35 - By Unknown 0

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Time and Work

Time and Work

In this post, we shall discuss about the Time and Work. Lets start with some basic formulas.

Work = Strength X Time
=> Strength X Time = Work
=> (Strength X Time ) / Work = 1 :)

So, For every Case
(Strenth X Time) / Work = 1 [ No matter the values]

So, (SxT)/W will be same for all the cases.

I mean st/w = ST/W

Keep this point in your mind.

Now lets see some more important formulas

If Days are Given :

If A can do some work in n days, then he can do 1/n work in One day

If Work is Given :

If A can do 1/n work in One day, he can finish it in n days

If A is TWICE as good a work man as B, then

The ratio of work done by A and B = 2:1
The ratio of time taken by A and B to finish the work = 1:2 (Please Dont be confused)

Now lets do some problems on Time and Work

Time and Work - Problems

1. 36 men can do a piece of work in 25 days. In how many days can 30 men do it?

Here , the work is same.. So,

(S X T) / W = (s X t) / w

= > (S X T) / W = (s X t) / w [ Cancel W for both sides]

Now, substitute the values...
= > 36 X 25 = 30 X t

= > (36 X 25) / 30 = t => t = 900/3 = 30

2. 32 men can do a piece of work in 15 days working for 6 hours a day. In how many days will 40 men can finish it if they work for 8 hours a day?

32 X 15 X 6 = 40 X d X 8 = 9

3. If 16 men can build a wall of 52 m long in 25 days working for 8 hours a day, in how many days can 64 men build a similar wall of 260m long working for 10hrs a day?
As we know that (Strength X Time) / Work = 1 (Read details Here)

We can write =>

(16 * 200) / 52 = (64 * X * 10) / 260

=> X = 25

4. A man engaged 10 laborers to make 320 toys in 5 days. After 3 days he found that only 120 toys were made. How many additional men should he engage to finish the work in time?

here, equate the complete work with the remaining work

(10 X 3) / 120 = (10+X) x 2 / 200

= > 10+X = 25 => X = 15

5. A can do a task in 20 days and B can do it in 30 days. In how many days can they finish it if they work together?

A's one day's work = 1/20

B's one day's work = 1/30

=> Their one day's work = (1/20)+(1/30) = (3+2)/60 = 5/60 = 1/12

This is their one day's work TOGETHER.
So, obviously the number of days will be = 12

Short Cut : calculate Product/Sum = (20 X 30) / 50 = 12 Thats it

6. A, B and C can do a job in 20 days, 30 days and 60 days respectively. If they work together, in how many days will the work be finished?

(1/20)+(1/30)+(1/60) = (3+2+1)/60 = 6/60 = 1/10

So, the number of days is = 10

7. Two taps A and B can fill a tank in 10 hours and 15 hours respectively. a third tap C can empty the full tank in 12 hours. How many hours will be required if all of them are opened simultaneously to fill in an empty tank completely?

Here, first two are Inlets and the last one is Outlet,

So, (1/10)+(1/15)-(1/12) = (6+4-5)/60 = 5/60 = 1/12

So, our answer is 12

8. A and B can do a job in 12 days. B and C in 15 days and C and A in 20 days. In how many days can they finish it if they work TOGETHER?

A+B = 12
B+C = 15
C+A = 20

So here, A+B's One day's work = > 1/ (A+B) = 1/12

B+C's one day's work => 1/ (B+C) = 1/15

C+A's one day's work = > 1/(C+A) = 1/20

Just Add them => 1/( 2A+2B+2C) = 12/60 = 1/5

=> 1/2(A+B+C) = 1/5

=>1/(A+B+C) = 1/10 [this is their one day's work TOGETHER]

So, they can finish it in 10 days :)

9. A and B can do a job in 12 days. B and C can do the same job in 15 days. C and A in 20 days. In how many days can A alone finish the whole task???

A+B = 1/12
B+C = 1/15
C+A = 1/20

Here we need A, so take a pair which is NOT HAVING A and subtract it from the others,

so, A+B-(B+C)+C+A = A+B-B-C+C+A = 2A

But according to our Problem, 2A = (1/12)-(1/15)+(1/20)
=>A = 1/30 (this is A's one day work but we need A's total work)

=> A = 30 Days

10. A and B can do a piece of work in 20 days. A alone can do it in 30 days. In how many days can B alone do it?

Per day work of A and B = 1/20

Work done by A= 1/30

So, B's one day work = 1/20 - 1/30 = (3-2)/60 = 1/60
=> B's work is 60 Days

Short Cut : Product/diff = 600/10 = 60

00:28 - By Unknown 0