CURRENT AFFAIRS REVISION:DAY 1

Dear Aspirants,

As we all know SBI PO is here and current Affairs are the key to score higher in less time in any exam.

So, here we are with the Current affair question of January. Which will help you in SBI PO mains.

Q1. 350th birth anniversary of Guru Gobind Singh named as Prakash Utsav or Prakash Parv has been celebrated across the country on 05th January 2017. Name the city, which is the birthplace of Guru Gobind Singh, the 10th Sikh Guru.

Answer: Patna, Bihar

Q2. Nine-member government panel formed to make recommendations for bringing out a comprehensive National Sports Development Code across all disciplines. This committee headed by................?

Answer: Injeti Srinivas

Q3. Mobile commerce and payments company Paytm has got the final permission to open a payments bank by Reserve Bank of India (RBI). Payments bank will initially be restricted to holding a maximum balance of how much amount per individual customer?

Answer: Rs 100,000 per individual customer

Q4. Name the Contactless Credit Card, which has been launched by PNB, recently?

Answer: PNB-Wave

Q5. Arthur Robert Morris has became 82nd player inducted into the ICC Cricket Hall of Fame, recently. Arthur Robert Morris was a/an_____________ cricketer who played 46 Test matches between 1946 and 1955.

Answer: Australian

Q6. Who has been appointed as the Chairman of Tata Power after the resignation of Cyrus Mistry?

Answer: S Padmanabhan

Q7. IBM has appointed _____________ as Managing Director of IBM India Pvt Ltd, succeeding Vanitha Narayanan who has been appointed as chairman of the Indian subsidiary.

Answer: Karan Bajwa

Q8. Renowned _______________ Abdul Halim Jaffer Khan died due to cardiac arrest.

Answer: Om Puri

Q9. Vice President Hamid Ansari has released a book titled 'The People's President: Dr APJ Abdul Kalam'. Who is the author of this book (The People's President: Dr APJ Abdul Kalam')?

Answer: SM Khan

Q10. Who has been appointed as the Britain’s new ambassador to the European Union (EU) recently?

Answer: Sir Tim Barrow

Q11. 09-day New Delhi World Book Fair begins in Pragati Maidan. The theme for this year's event is __________ which will focus on writings on and by women.

Answer: Manushi

Q12. India’s per capita income, a gauge for measuring living standard, is estimated to cross Rs 1 lakh in 2016-17, up from Rs 93,293 in the previous fiscal (2016-16). Which organisation has released the India’s per capita income?

Answer: Central Statistics Office (CSO)

Q13. The Budget session of Parliament convened to start from January 31 2017, a day before the Union Budget is likely to be presented. Who is present Union Finance Minister of India?

Answer: Arun Jaitley

Q14. Name the country, which is setting up the world's highest altitude gravitational wave telescopes in a Tibet prefecture close to Line of Actual Control with India with a budget of $18.8 million to detect faintest echoes resonating from the universe which may reveal more about the Big Bang theory.

Answer: China

Q15. Droom has tied up with ____________ India’s third-largest private sector bank, to provide quick sanction of loans on both new as well as used cars.

Answer: Axis Bank

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IBPS SO-VI INTERVIEW CALL LETTER OUT

Dear Aspirants,

IBPS has released the Interview call letter for the post of CWE-SPL-VI- recruitment of Specialist Officers (SO).

Important Dates:
Commencement of Call letter Download: 20 - 02 - 2017
Closure of Call letter Download: 11 - 03 - 2017

Click here to download Your Interview Call letter for CWE – SPL – VI

Click here to take reprint of application for CWE – SPL – VI

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TODAY'S CURRENT AFFAIRS: 20th FEBRUARY, 2017

Dear Aspirants,

Current affairs are the most important part for the banking exams. You can score more in less time if you have good knowledge of the same. You can be perfect in it by reading daily and note them down in a notebook and revise them daily also read any newspapers on daily basis. Also you can use apps of the newspapers to get instant updates. 

Here I'm providing you Today's news summary that will help you in exams.

1. World Day of Social Justice - February 20th

Theme : Preventing conflict and sustaining peace through decent work

NATIONAL:

2.Nepal offered ₹ 2,280-crore loans by India for infrastructure development :

India has committed soft loans amounting to $340 million (around ₹ 2,280 crore) to Nepal for infrastructure projects. 

Country : Nepal

Capital: Kathmandu

Currency: Nepalese rupee

Prime minister: Pushpa Kamal Dahal

President: Bidhya Devi Bhandari

3.Arunachal Pradesh, Mizoram celebrates Statehood Day today :

State : Mizoram

Capital : Aizawl

CM : Lal Thanhawla

Governor : Lt General (Retd) Nirbhay Sharma

State : Arunachal Pradesh

Capital : Itanagar

CM : Takam Pario

Governor : Padmanabha Acharya

4.Extra rake for transporting onions from Nashik to be operated by Central Railways :

Central Railway will operate another freight train, in addition to existing three, from Nashik in Maharashtra for transportation of onions to other parts of country.

5.Delhi-bound Kalindi Express collides with freight train at Tundla.

6.Tamil Nadu CM announces various offers after winning the trust vote :

Tamil Nadu Chief Minister Edappadi K Palaniswamy has announced that 500 of the state run liquor shops would be wound up with immediate effect. 

He has signed orders for distribution of mopeds for 1 lakh women with 50 percent subsidy with the ceiling of 20,000 rupees per beneficiary this year. He also said under the Dr Muthulakshmi Reddy Maternity Benefit Scheme, expectant mothers would be doled out 18000 rupees each as against 12000 rupees now for the first two live births.

State : Tamil Nadu

Capital : Chennai

CM : K Palaniswamy

Governor : C. Vidyasagar Rao (additional charge)

7.Madhya Pradesh today celebrates Khajuraho Dance Festival :

State : Madhya Pradesh

Capital : Bhopal

CM : Shivraj Singh Chouhan

Governor : Om Prakash Kohli (Additional charge)

8.Land for 9 thematic cities alloted by Andhra govt :

Andhra Pradesh government has allocated lands for the construction of nine thematic cities in the new capital Amaravathi.

The government has announced allocation of 11,574 acres of land for the construction of Tourism thematic city in Amaravathi, 8,547 acres for Knowledge city, 6,582 for Electronic city, 6,511 for Health city, 5,168 for Finance city, 5,107 for Media city, 4,150 for Sports city, 3,438 for Judiciary and 2,702 for the construction of Administrative city.

State : Andhra Pradesh

Capital : Amaravathi

CM : N. Chandrababu Naidu

Governor : E. S. L. Narasimhan

INTERNATIONAL

9.Mohammed Alsheikh of Palestinian breaks contortion world record :

Thirteen-year-old Mohammed Alsheikh from Palestine broke the world record for the 'Most full body revolutions maintaining a chest stand in one minute'. 

BANKING NEWS:

10. RBI has increased weekly withdrawal limit of Savings account to ₹ 50,000 :

Organisation : Reserve Bank of India (RBI)

Headquarters : Mumbai, Maharashtra

Governor : Urjit Patel

BUSINESS AND ECONOMY NEWS:

11. Purchase of jewellery for more than ₹ 2 lakh by cash will be charged 1% Tax :

SCIENCE AND TECHNOLOGY:

12.Dragon spacecraft of SpaceX successfully launched ISS :

Elon Musk-led space exploration startup SpaceX on Sunday successfully launched its Dragon spacecraft which will deliver nearly 2,500 kg of cargo to International Space Station (ISS) for NASA. Dragon spacecraft is also carrying strains of the 

APPOINTMENTS:

13.Shurhozelie Liezietsu becomes the new CM of Nagaland :

State : Nagaland

Capital : Kohima

CM : Liezietsu

Governor : Padmanabha Acharya

SPORTS NEWS:

14.Tymal Mills becomes the highest bided bowler in IPL history for ₹ 12 cr :

England's Tymal Mills became the most expensive bowler in IPL history after the Royal Challengers Bangalore bought the 24-year-old for ₹ 12 crore during this year's auction on Monday. 

IPL 2017 Auction : Ben Stokes the highest bided player of the edition for ₹ 14.5cr :

England all-rounder Ben Stokes became the most expensive overseas player in the IPL history after the Rising Pune Supergiants bought the player for ₹ 14.5 crore 

15. Announces made by Afridi on his retirement from international cricket :

16. Rotterdam tennis title won by Tsonga :

Frenchman Jo-Wilfried Tsonga has claimed the Rotterdam tennis title.

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SBI PO: SYLLOGISM BASED ON NEW PATTERN PDF

Dear Aspirants,

In recent banking exams like IDBI PO, IBPS PO etc. the questions asked on SYLLOGISM topic were from different pattern.

Here I'm providing you the questions based on that pattern. You can download the PDF from below link.

Click Here To Download PDF

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UNION BUDGET MCQs QUIZ FOR SBI PO: PART 2

Dear Aspirants,

We all know that UNION BUDGET for year 2017-18 has been presented by our finance minister shree Arun Jaitley on 1st feb. And this is the most important part/topic for upcoming exams in current affairs section. I have already provided you the official pdf documents of budget, now I'm starting a new section on this topic. I will provide you daily 10 MCQs on budget in quiz form. It will really help you to learn faster. Today I am providing you Second quiz. keep learning

1.As per the Union Budget 2017-18, the holding period for the long term capital gains has been reduced from 3 years to how many years?
A.9 Months
B.1 Year
C.2 Years
D.7 Months

2.As proposed in the Budget 2017, high speed Broadband connectivity on optical fiber will be made available in nearly ________ gram panchayats by the end of 2017-18?
A.100000
B.110000
C.120000
D.150000

3.The government has proposed to launch a new and restructured Central scheme for export named ________________________ in 2017-18.
A.Trade and Export Promotion Scheme (TEPS)
B.Trade Infrastructure for Export Scheme (TIES)
C.Export Infrastructure Innovation Scheme (EIIS)
D.Export Oriented Unit Scheme (EOUS)

4.As per the Union Budget 2017-18, the capital gains tax has been exempted for persons holding the land which was pooled for creation of the state capital ________.
A.Telangana
B.Uttarakhand
C.Jharkhand
D.Chhattisgarh

5.How much amount has been allocated for Ministry of Science and Technology in the Union Budget 2017-18?
A.Rs. 37,435 crore
B.Rs. 32,567 crore
C.Rs. 29,367 crore
D.Rs. 12,763 crore

6. How much amount has been allocated to the Department of Economic Affairs in the Budget 2017?
A.Rs. 25,00 crore
B.Rs. 19,50 crore
C.Rs. 35,00 crore
D.Rs. 3,000 crore

7.How many Health sub centers has been decided to be transformed into health wellness centres as per the Union Budget 2017-18?
A.2.0 lakh
B.1.5 lakh
C.3.2 lakh
D.1.2 lakh

8.Which initiative has been proposed in the Union Budget 2017-18 by the government to provide tele-medicine, education and skills through digital technology?
A.SANKALP
B.STRIVE
C.DigiGaon
D.SWAYAM

9.As per the data in Union Budget 2017-18, more than _________ percent of FDI inflows are through automated route.
A.85 Percent
B.90 Percent
C.72 Percent
D.88 Percent

10. How many Special Tourism Zones have been proposed by the government to be established in 2017-19?
A.Three
B.Five
C.Seven
D.Nine

Click Here To Quiz Part 1

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UNION BUDGET MCQs QUIZ FOR SBI PO: PART 1

Dear Aspirants, 

We all know that UNION BUDGET for year 2017-18 has been presented by our finance minister shree Arun Jaitley on 1st feb. And this is the most important part/topic for upcoming exams in current affairs section. I have already provided you the official pdf documents of budget, now I'm starting a new section on this topic. I will provide you daily 10 MCQs on budget in quiz form. It will really help you to learn faster. Today I'm providing you first quiz.

1. What is the total allocation made under the transportation sector as a whole  including rail, roads, shipping in the Union Budget 2017?
A.Rs. 2,75,115 crores
B.Rs. 3,92,391 crores
C.Rs. 1,99,274 crores
D.Rs. 2,41,387 crores

2. The total capital and development expenditure in the railway sector has been pegged at Rs. _______in the Budget Estimates for 2017-18?
A.Rs. 2,88,521 crores
B.Rs. 1,75,200 crores
C.Rs. 1,31,000 crores
D.Rs. 2,20,000 crores

3.According to the Union Budget 2017-18, transaction above how much will not be 
permitted in cash?
A.Rs. 3 Lakhs
B.Rs. 4 Lakhs
C.Rs. 5 Lakhs
D.Rs. 6 Lakhs

4.Which national agency will be phased out in the next fiscal, as per the Budget 2017?
A.NITI Aayog
B.Foreign Investment Promotion Board
C.Securities Exchange Board of India
D.Confederation of Indian Industry

5.As per the Union Budget 2017-18, the allocation for PM's Employment Generation 
and Credit Support schemes has been increased by how many times?
A.2 Times
B.3 Times
C.4 Times
D.5 Times

6.Which facility was announced for senior citizens in Budget 2017-2018?
A.Aadhaar-enabled smart cards
B.BHIM app
C.Shakti Kendras
D.None of the above

7.The Union Finance Minister Arun Jaitley has given the Agenda for 2017-18 Buget as 
TEC India. Expand TEC India.
A.Target, Economic and Cultural India
B.Transparency, Energy and Clear India
C.Transform, Energise and Clean India
D.True, Economical and Clean India

8.How much amount has been allocated for the welfare of Scheduled Castes in the 
Union Budget 2017-18?
A.Rs. 52,393 crores
B.Rs. 62,395 crores
C.Rs. 71,500 crores
D.Rs. 49,125 crores

9.How much amount has been proposed in the Union Budget 2017-18 for the welfare 
of Scheduled Tribes?
A.Rs. 45,922 crores
B.Rs. 31,920 crores
C.Rs. 23,250 crores
D.Rs. 29, 175 crores

10.As per the Union Budget 2017-18, which schemes would be launched by the 
government to promote usage of BHIM App?
A.Referal Bonus Scheme and Cashback Scheme
B.Digital Litracy Scheme & Digital Lottery scheme
C.Free Recharge Scheme & Supersaver Scheme
D.Luckydraw Scheme & Random Selection Scheme

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IMPORTANT BUDGET TERMINOLOGIES FOR SBI PO

Dear Aspirants,

As you know that in general awareness section more then 30% questions comes from Banking and finance and the Remaining 70% comes from static gk and current affairs. So here I'm providing you some Terminologies Related to Budget, banking and finance that will be beneficial in SBI PO and other upcoming banking exams.

Revenue Budget: It consists of the revenue receipts of the government (which is tax revenues plus other revenues) and the expenditure met from these revenues. It has two components: Revenue Receipt and Revenue Expenditure.

Capital Budget: It consists of capital receipts and payments. It also incorporates transactions in the Public Account. It has two components: Capital Receipt and Capital Expenditure.

Capital Expenditure: It consists of payments for acquisition of assets like land, buildings, machinery, equipment, as also investments in shares etc, and Loans and advances granted by the Central government to state and union territory governments, government companies, corporations and other parties.

Capital Receipt: The main items of capital receipts are loans raised by the government from public which are called market loans, borrowings by the government from the Reserve Bank of India and other parties through sale of Treasury Bills, loans received from foreign governments and bodies and recoveries of loans granted by the Central government to state and union territory governments and other parties. It also includes proceeds from disinvestment of government equity in public enterprises.

Expenditure Budget: It contains expenditure estimates made for a scheme or programme under both revenue and capital heads. These estimates are brought together and shown on a net basis at one place by major heads.

Finance Bill: This contains the government’s proposals for levy of new taxes, modification of the existing tax structure or continuance of the existing tax structure beyond the period approved by Parliament. It is submitted to Parliament along with the Budget for its approval.

Fiscal Deficit: It is the difference between the revenue receipts plus certain non-debt capital receipts and the total expenditure including loans (net of repayments). This indicates the total borrowing requirements of the government from all sources.

Monetised Deficit: It indicates the level of support extended by the Reserve Bank of India to the government’s borrowing programme.

Non-Plan Expenditure: It includes both revenue and capital expenditure on interest payments, the entire defence expenditure (both revenue and capital expenditure), subsidies, postal deficit, police, pensions, economic services, loans to public enterprises and loans as well as grants to state governments, union territory governments and foreign governments.

Plan Expenditure: It includes both revenue and capital expenditure of the government on the Central Plan, Central assistance to state and union territory plans. It forms a sizeable proportion of the total expenditure of the Central government.

Primary Deficit: It is the difference between fiscal deficit and interest payments.

Public Account: It is an account in which money received through transactions not relating to the Consolidated Fund is kept. Besides the normal receipts and expenditure of the government relating to the Consolidated Fund, certain other transactions enter government accounts in respect of which the government acts more as a banker, for example, transactions relating to provident funds, small savings collections, other deposits etc. Such money is kept in the Public Account and the connected disbursements are also made from it. Public Account funds do not belong to the government and have to be paid back some time or the other to the persons and authorities who deposited them. Parliamentary authorisation for payments from the Public Account is not required.

Revenue Deficit: It refers to the excess of revenue expenditure over revenue receipts. Revenue Expenditure: It is meant for the normal running of government departments and various services, interest charges on debt incurred by the government and subsidies. Broadly speaking, expenditure which does not result in creation of assets is treated as revenue expenditure. All grants given to state governments and other parties are also treated as revenue expenditure even though some of the grants may be for creation of assets.

Revenue Receipt: It includes proceeds of taxes and other duties levied by the Centre, interest and dividend on investments made by the government, fees and other receipts for services rendered by the government.

Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted.

Balance of Payment: The statement that shows the transaction of the country’s trade and finance in terms of net outstanding receivable or payable from any other country with a certain period of time.

Bill: A legislative proposal draft is discussed and passed by both the houses of Parliament and then has to get an approval from the President and then finally it is a declared Act.

Contingency Fund: If and when in emergencies the Government at such times helps with funds which is not authorized by the Parliament because of urgent needs that may arise.

Consumer price index: It is a price index that features the rates of consumer goods.

Capital budget: When a list of capital expenditure is planned and prepared annually it is termed Capital budget.

Custom Duty: It is the tax that is put on imports and tariffs.

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