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Nabard, her functions and her significance

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Nabard, her functions and her significance

National Bank for Agriculture and Rural Development (NABARD) ::

          National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai (Maharashtra) and other branches are all over the country. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). It was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector and completed its 25 years on 12 July 2007. It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”. RBI sold its stake in NABARD to the Government of India, which now holds 99% stake. NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

 

Role & Functions :

NABARD is the apex institution in the country which looks after the development of the cottage industry, small industry and village industry, and other rural industries. NABARD also reaches out to allied economies and supports and promotes integrated development. And to help NABARD discharge its duty, it has been given certain roles as follows:

  • Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
  • Takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.
  • Co-ordinates the rural financing activities of all institutions engaged in developmental work at the field level and maintains liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation
  • Undertakes monitoring and evaluation of projects refinanced by it.
  • NABARD refinances the financial institutions which finances the rural sector.
  • The institutions which help the rural economy, NABARD helps develop.
  • NABARD also keeps a check on its client institutes.
  • It regulates the institution which provides financial help to the rural economy.
  • It provides training facilities to the institutions working the field of rural upliftment.
  • It regulates the cooperative banks and the RRB’s, and manages talent acquisition through IBPS CWE.

 

NABARD’s refinance is available to State Co-operative Agriculture and Rural Development Banks (SCARDBs), State Co-operative Banks (SCBs), Regional Rural Banks (RRBs), Commercial Banks (CBs) and other financial institutions approved by RBI. While the ultimate beneficiaries of investment credit can be individuals, partnership concerns, companies, State-owned corporations or co-operative societies, production credit is generally given to individuals. NABARD has its head office at Mumbai, India.

Banking Interview Preparation Material 9

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Banking Interview Preparation Material 9

Hello Readers,banking interview preparation material

Interview Preparation Material Set 9 is here. Have a look

Abbreviation Full form
ADB Asian Development Bank
ADR American Depository Receipt
ASBA Application Supported by Blocked Amount
ASSOCHAM Associated Chambers of Commerce and Industry of India
ATM Asynchronous Transfer Mode
ATM Automated Teller Machine
BATM Biometric Automated Teller Machine
BOP Balance of Payment
BOB Bank of Baroda
CAG Controller and Auditor General of India
CBDT Central Board of Direct Taxes
CBS Core Banking Services
CCEA Cabinet Committee on Economic Affairs
CD Ratio Credit Deposit Ratio
CDR Corporate Debt Restructuring
CII Confederation of Indian Industries
CP Commercial Paper
CPI Consumer Price Index
CPI-IW Consumer Price Index for Industrial Worker
CRM Customer Relationship Management
CRR Cash Reserve Ratio
CSO Central Statistical Organization
DD Demand Draft
DI Direct Investment
DSA Direct Selling Agent
DTAC Double Tax Avoidance Convention
ECB External Commercial Borrowing
ECB European Central Bank
EMI Equated (Equal) Monthly Installment
EPF Employees Provident Fund
EPS Earning Per Share
ECS Electronic Clearing Scheme
ERP Employee Resource Planning
EXIM Bank Export Import Bank of India
FATF Financial Action Task Force
FDI Foreign Direct Investment
FEMA Foreign Exchange Management Act
FERA Foreign Exchange Regulation Act (Erstwhile form of FEMA)
FI Financial Institution
FICCI Federation of Indian Chambers of Commerce and Industry
FII Foreign Institutional Investor
GDP Gross Domestic Product
GDR Global Depository Receipt
GPF General Provident Fund
G-Sec Government Securities
GST Goods and Service Tax
HDFC Housing Development Finance Corporation
HUDCO Housing & Urban Development Corporation
IBA Indian Bank Association
IBRD International Bank for Reconstruction and Development
IBS International Banking Statistics
ICAR Indian Council of Agricultural Research
ICICI Industrial Credit and Investment Corporation of India
IDBI Industrial Development Bank of India
IFC International Finance Corporation
IFCI Industrial Finance Corporation of India
IFRS International Financial Reporting Standards
IIBF Indian Institute of Banking and Finance
IIM Indian Institute of Management
IIP Index of Industrial Production
IMD India Millennium Deposits
IMF International Monetary Fund
IPO Initial Public Offering
IPR Intellectual Property Rights
IRBI Industrial Reconstruction Bank of India
ISO International Standards Organization
ITRS International Transaction Reporting System
KVIC Khadi & Village Industries Corporation
KYC Know Your Customer
LAF Liquidity Adjustment Facility
LBD Land Development Bank
LERMS Liberalized Exchange Rate Management System
LIBOR London Inter-Bank Offered Rate
M1 Narrow Money
M3 Broad Money
MICR Magnetic Ink Character Recognition
MFC Micro-Finance Companies
MPLADS Member of Parliament Local Area Development Scheme
MTM Mark-To-Market
NAS National Account Statistics
NASSCOM National Association of Software and Services Companies
NAV Net Asset Value
NBFC Non-Banking Finance Companies
NFD Net Fiscal Deficit
NHB National Housing Bank
NRE Non-Resident External
NRLM National Rural Livelihood Mission
NSSF National Small Savings Fund
OD Over Draft
OECD Organisation for Economic Cooperation and Development
OMO Open Market Operations
P/E Profit Earnings Ratio
PIO Persons of Indian Origin
PPP Purchasing Power Parity
PPP Private Public Partnership
QIB Qualified Institutional Buyer
RD Recurring Deposit
RD Revenue Deficit
RDBMS Relational Database Management System
REC Rural Electrification Corporation
RIB Resurgent India Bonds
RIDF Rural Infrastructure Development Fund
RNBC Residuary Non-Banking Companies
ROC Return on Capital
ROCs Registrars of Companies
RTGS Real Time Gross Settlement
RRB Regional Rural Bank
SCARDB State Cooperative Agriculture and Rural Development Bank
SCB Scheduled Commercial Bank
SDR Special Drawing Right
SDS Special Deposit Scheme
SEBI Securities and Exchange Board of India
SFC State Financial Corporation
SIDBI Small Industries Development Bank of India
SIDC State Industrial Development Corporation
SLR Statutory Liquidity Ratio
SPF State Provident Fund
SSI Small-Scale Industries
UCB Urban Cooperative Bank
ULIP Unit Linked Insurance Plan
USP Unique Selling Preposition
UTI Unit Trust of India
VC Venture Capital
WPI Wholesale Price Index
YTM Yield to Maturity
ZCB Zero Coupon Bond
PTA Preferential Trade Agreement

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Frequently asked Questions No 1
Frequently asked Questions No 2
Frequently asked Questions No 3
Frequently asked Questions No 4
Frequently Asked Questions No 5
Frequently Asked Questions No 6
Frequently ASked Questions No 7
Frequently Asked Questions no 8
Frequently Asked Questions No 9
Frequently ASked Questions No 10

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Right to Information Act. 2005

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Right To Information ::

  • In 2005, the Parliament has enacted a new legislation – the Right to Information Act (2005). This new Act replaces the old Freedom of Information Act, 2002, which was un-notified and hence, not operational.
  • The new legislation confers on all citizens the right of access to the information and, correspondingly, makes the dissemination of such information an obligation on all public authorities. It aims at promoting transparency and accountability in the working of every public authority It has the widest possible reach covering Central Government, state governments, panchayati raj institutions, local bodies and recipients of government grants. Some important provisions are mentioned below:
  • It fixes a 30-day deadline for providing information; deadline is 48 hours if information concerns life or liberty of a person.
  • Information will be free for people below poverty line. For others, fee will be Rs10/-.
  • It provides for the establishment of a Central Information Commission and State Information Commissions to implement the provisions of the Act. They will be independent high-level bodies to act as appellate authorities and vested with the powers of a civil court.
  • The President will appoint a Chief Information Commissioner and governors of state will appoint state information commissioners. Their term will be five years.
  • The Act overrides the Official Secrets Act, 1923. The information commissions can allow access to the information if public interest outweighs harm to protected persons.
  • Its purview does not extend to intelligence and security organizations like Intelligence Bureau RAW BSF,- CISF, NSG and so-on. However, information pertaining to allegations of corruption or violation of human rights by these organizations will not be excluded.
  • For Banks the reply authority is the Public Information Officer. PIO is usually the regional head of the concerned branch. Reply of RTI must be given within a time period of 30 days but in some cases where information of 3rd party is to be gathered it can be increased to another 30 days.Some Salient points on RTI
  • For getting information printed you need to pay Rs2/- per page, and for inspection of documents you need to pay Rs5/- per hour (1st hour of inspection is free)
  • for information provided in diskette or floppy rupees fifty (Rs.50/-) per diskette or floppy

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All about Chah-Bahar Port, Iran

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All about Chah-Bahar Port, Iran

Chah-bahar port ::

The development of Chah-bahar port — around 80 km away from Pakistan’s Gwadar port- had been affected by the uncertainty of sanctions on Iran and Finance minister P Chidambaram who has conditioned his permission on the port, by demanding a certain percentage return on investment from the port development project. But since the sanctions on IRAN have been lifted the new govt. in India has initialized the talks again. Work on Chah-bahar Port is expected to begin next year.

About Chah-bahar Port:

Afghanistan and Iran inked an agreement which will permit Afghanistan to use Iran’s south-eastern Chabahar port for shipments and trade.

Why Afghanistan needs to use port of Iran?

Afghanistan is a landlocked country thus it needs to use Iran’s port for its shipments and trade.

Strategic location of Chabahar port

  • Chah Bahar is Iran’s southernmost city.
  • Iran’s closest and best access point to the Indian Ocean.
  • It is the only Iranian port with direct access to ocean.
  • For this reason, Chabahar is the focal point of Iran for development of the east of the country through expansion and enhancement of transit routes among countries situated in the northern part of the Indian Ocean and Central Asia.
  • Chabahar is just 72 km west of Pakistans Gwadar Port, being built with Chinese help.

What is the India’s role in this whole gambit?

  • A plan being finalized by India to construct a 900-km railway line that will connect Chabahar port in Iran, being built with Indian assistance, to the mineral-rich Hajigak region of Afghanistan.
  • When finished, this line will throw up both geo-political and economic opportunities for India.

Why the deal b/w Iran and Afghanistan will be a win-win situation for Afghanistan, India, Iran and also for US?

Afghanistan:

  • Access to the sea.
  • Decrease in dependence on Pakistan.
  • This will resolve trade related transit issues of Afghan traders and thus promote trade and commerce.

India:

  • Increase in Indian influence in Afghanistan.
  • Increase in strategic presence of India in the region.
  • It will open opportunities for Indian companies to explore Afghanistans mineral wealth, believed to be worth $1-3 trillion, for mutual benefit.
  • It will add to the economic rationale for Indian investment in Chabahar.
  • Once the entire network comprising of road, rail and port is in place, it can become a launching pad for greater economic and strategic involvement of India in the oil and mineral-rich Central Asia.

(Behind the curtains):

  • It is believed that the Chabahar port is being financed by Indian government in order to maintain Iranian and Indian influence in Afghanistan after US forces leave Afghanistan in 2014.
  • It is also believed that this is a move by India in order to counter Gwadar port of Pakistan which it has given on lease to China and expects it to be developed into a Naval base.

Iran:

  • Business opportunities for Iran as its facilities are used.
  • Chabahar port being built with Indian assistance
  • Iranian influence in Afghanistan increases.

US:

  • Relieves the pressure on the US-backed Afghan Government to rely on trade routes via Pakistan, as relations b/w US and Pakistan have seen substantial restrains in recent times.
  • The agreement b/w Iran and Afghanistan will assist Afghan traders including those directly working with US contracting companies as they will now be able to use the south-eastern port – Iran’s only port with direct access to the sea – for importing and exporting goods.
  • Relief to US/NATO officials as the shutdown of NATO supplies from Pakistan has induced enormous setback in terms of finance to US/NATO.

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Speed Maths Set 8

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Speed Maths Set – 8

Hello Readers,

Speed Maths Related Questions are very important in every competitive examination. You can easily find a set of such questions in every examination.

This set is based on questions on a given set of information, which involves calculation tricks and the faster you do them the more you score. We will be updating you with all type of such questions on a daily basis.

 

1. Which Number should replace both the question marks (?)in the given questions
? / 576 = 256 / ?
A) 384
B) 396
C) 404
D) 416
E) None of These

2. If the numerator of a fraction is increased by 200% and the denominator is increased by 350%. The resultant fraction is 5/12. What is the original fraction?
A) 5/9
B) 5/8
C) 7/12
D) 11/12
E) None of these

3. The difference between the ¾th of 4/5th of a number and 1/6th of the 2/5th of a number is 648. What is the number?
A) 1110
B) 1215
C) 1325
D) 1440
E) None of these

4. On a school annual day sweets were to be distributed among 112 children. But on that particular day, 32 children were absent. Thus the remaining students got 6 sweets extra. How many sweets was each child originally supposed to get.
A) 24
B) 18
C) 15
D) Cannot Be Determined
E) None of these

5. An order was placed for supply of a carpet of breadth 3 mts, length of the carpet was 1.44 times of breadth. Subsequently the breadth and length were increased by 25 and 40% respectively. At the rate of 45 per metre square, what would be the increase in the cost of carpet area.
A) Rs. 1020.6
B) Rs.398.8
C) Rs 437.4
D) Rs583.2
E) None of these

6. The length of a rectangle plot is thrice its breadth. If the area of the rectangle plot is 7803, sq mt. What is the breadth of the rectangular plot?
A) 51m
B) 153m
C) 104m
D) 88m
E) None of these

7. Ratio of Rani’s and Komal’s age of 3:5 respectively. Ratio of Komal and Pooja’s age is 2:3 respectively. If Rani is 2/5 pooja’s age, What is rani’s age?
A) 10 years
B) 15 years
C) 25 years
D) Cannot be determined
E) None of these

8. In a mixture of of milk and water the proportion of water by weight was 75%. If in the 60 gm mixture 15gms of water was added, What would be the percentage of water?
A) 75%
B) 88%
C) 90%
D) 100%
E) None of these

9. The Sum of 5 numbers Is 290. The average of the first two numbers is 48.5. and the average of last 2 numbers is 53.5. Which is the third number?
A) 72
B) 84
C) 96
D) 108
E) None of these

10. In how many ways can the word SMART be arranged?
A) 25
B) 60
C) 180
D) 200
E) None of these

Answers:

1: A
2:B
3:B
4:C
5:D
6:C
7:A
8:D
9: E
10: E

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Frequently Asked Banking Interview Questions 10

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Frequently Asked Banking Interview Questions – 10

Dear Readers Now as the interview dates of RRB All Grades and IBPS PO are scheduled we bring to you very common banking interview questions with out set No 10 on the given subject. We will be updating material and Videos on a regular basis to help maximum number of candidates to cherish their dreams.

try Usually the time interval for interview for RRb exams and IBPS PO lies between 7-9 minutes and more depending on the interest you are generating.

Sehpaathi Test ApplicationQuestions

  1. Why Deposit is a liability where as advances are an asset?
    Answer :: Sir, Deposit is a liability because we have to pay interest on deposits we have whereas on advances we receive interest from our borrower.  Sir The difference between interest earned on advances to interest given on deposits is known as net interest margin.
  2. Why NPA’s hurt banking profits?
    Answer:: Sir, NPA’s hurt banking in 3 ways
    1: Banks do not earn any interest on their advances
    2: Banks have to make provisioning on NPA from their profits, it hurt their bottom line.
    3: More NPA means bad asset quality of a bank and it deteriorates bank’s position in market.
  3. What are basel Norms? 
    Answer:: Sir, Basel is a city in Switzerland which is also the headquarters of Bureau of International Settlement (BIS). BIS fosters co-operation among central banks with a common goal of financial stability and common standards of banking regulations. Basel norms have introduced norms in 3 stages
    Basel 1 –  Covered only Credit Risk
    Basel 1.1  Covered credit risk and Market Risk
    Basel 2    Covered Credit Risk, Market Risk,Operational Risk,
    Basel 3    Covered Credit Risk, Market Risk,Operational Risk,liquidity Risk
    Current Basel 3 norms are being implemented by RBI From Time to time
  4. What are basel 3 Norms?
    Answer:: These accords deal with risk management aspects for the banking sector.   In a nut shell we can say that Basel iii is the global regulatory standard on bank capital adequacy, stress testing and market liquidity risk.   (Basel I and Basel II are the earlier versions of the same, and were less stringent).

  5. To what type of customer can we give loans below base rate. 
    Answer:: Banks don’t give any loans below base rate except to their employees. Banks offer loans to customers according to their corresponding rates but in cases like KCC, and government sponsored scheme loans government subsidize customers and pay interest subvention.
  6. What do you know about gold monetisation scheme?
    Answer:: Sir, gold monetisation is the latest gold scheme launched by the government. In this RBI will fix price of 1gm of gold every 15 days and centers for gold checking will be made in every district. Customer who intend to melt his gold ornaments can go to the the gold checking center where the gold will be melted and exact weight of the gold will be told. If then the customer want to invest his gold in the scheme he will be referred to the bank.
    Banks will open a fixed deposit for the actual amount of gold as per RBI norms and will give interest on it.
    In this the government has introduced short term. long term investment plans.

 

sehpaathi Test App

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19 nov 2015 news paper editorials

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prepared by ashok sharma

The Hindu: November 19, 2015 01:25 IST
Stop this brinkmanship

As Nepal reels(music composed for dancing a reel घूम घूम कर नाचना) under shortages of essential supplies just months after a debilitating(impairing the strength and vitality दुर्बल) earthquake brought distress(psychological suffering दुःख ) to many of its citizens, the answer to why it is happening depends on to whom the question is posed(introduce प्रश्नों से घबरा देना). Prime Minister K.P. Oli puts the blame on an “economic blockade(prevents access or progress अवरोध)” by India. But the plains-dweller(a person who inhabits a particular place निवासी ) protesting against the fact that the new Constitution insufficiently addresses the concerns of the Madhesis, pins it on Kathmandu’s insensitivity. New Delhi has meanwhile(at the same time but in another place इसी दौरान) denied there is any “blockade” and put on Nepal’s ruling establishment the onus(an onerous or difficult concern दायित्व ) of resolving the instability in its southern plains in order to help ease(freedom from difficulty or hardship or effort सुगमता) movement of goods across the open border between the two countries. There is some element of truth in all these answers, but in themselves they do not fully explain the reasons for the state of affairs. (ashokeditorial.wordpress.com) It is true that economic coercion(using force to cause something to occur ज़बरदस्ती) of the covert(secret or hidden गुप्त) kind practised by India at the border has given a fillip(anything that tends to arouse प्रोत्साहन ) to what the Nepali hill elite(selected as the bestउच्च वर्ग) has taken recourse(act of turning to for assistance सहारा) to for years — anti-India jingoism(fanatical patriotism कट्टर राष्ट्रवाद). At the same time, the fact that even after a six-year-long constitutional deadlock(a situation in which no progress can be made or no advancement is possible गतिरोध ) over the question of inclusive federalism(the idea of a federal organization of more or less self-governing unitsसंघवाद) the Madhesi concerns have not been sufficiently addressed has heightened(increase) the anger in the plains. The grievances(a resentment strong enough to justify retaliation , शिकायत, अन्याय) are not just against Kathmandu but also the Madhesi politicians for not having sought to match the expectations of the plains. This has caused violent protests in the plains, and hurt cross-border movement.

Mr. Oli put the blame for the situation on Nepal’s southern neighbour, in a televised speech last week. This is an attempt to ‘wriggle out of'(escaped from से बच निकालना) his government’s responsibility to contain the protests in the Terai by reaching out to address Madhesi concerns. Reactions in the Terai to his remarks suggest that this “nationalist” response by the government has few takers. (ashokeditorial.wordpress.com) It is not surprising that Prime Minister Oli and the members of his new Cabinet are not trusted enough by the protesting plains-dwellers. Mr. Oli and his close colleagues in the Communist Party of Nepal (Unified Marxist-Leninist) have for long espoused(choose and followसमर्थन करना) status quoist positions and been least enthusiastic about the country’s transition to a republic and the state restructuring demand. It remains to be seen whether Mr. Oli would be willing to break away(move away or escape suddenly अलग हो जाना) from the habitual recourse(act of turning to for assistanceसहारा) to nationalism as a ploy(an opening remark intended to secure an advantage for the speaker चाल) to prevent further democratisation(the action of making something democratic प्रजातंत्रीकरण) in Nepal. This has been a standard tactic(a plan for attaining a particular goal कार्यनीति) but one that has yielded diminishing returns. It was used by different erstwhile(belonging to some prior time भूतपूर्व) monarchs; most recently, the last king, Gyanendra, sought to play the “China card” in order to rebuff(a deliberate discourteous act ) domestic and international pressure on him to lift curbs on democratic institutions. For New Delhi, there are a lot more options and ways to register its concern with the instability in Nepal than prolonging(lengthen in time लम्बा या दीर्घ करना) the acts of economic coercion(the act of compelling by force of authority ज़बरदस्ती) at the border. It is high time the major actors both in Kathmandu and New Delhi ended the brinkmanship(the policy of pushing a dangerous situation to the brink of disaster (to the limits of safety अस्थिरता).

The Hindu: November 19, 2015 02:38 IST
Death at the school

Among the many failings of the school education system identified by the National Study on Child Protection Mechanisms conducted by the Childline India Foundation is this: only 12 per cent of school principals have had any training in child rights and child protection. Not surprisingly, when three-year-old Syeda Xainab Fatima Jaffery lay trapped between the lift and the first floor of her nursery school in Hyderabad on Tuesday, nobody around quite knew what to do. For one frantic(excessively agitated उत्तेजित) hour, as the child’s mother watched in horror, fire services personnel and school staff struggled to extricate(release from entanglement of difficulty छुड़ाना) her lifeless body. (ashokeditorial.wordpress.com)As such incidents all too frequently do, the death brought to the fore a number of shortcomings in the way schools are run: child-unsafe construction, lack of adherence(faithful support for a cause or political party or religion समर्थन) to fire safety norms, unchecked speeding in school zones and school buses being driven by unlicenced drivers, open manholes outside school gates, and so on. These are only the problems that expose children to clear and present danger. What of those phenomena fraught(marked by distressव्याकुल) with equally grave(dignified and somber in manner गंभीर) and longer-term consequences, such as sexual molestation, corporal(affecting or characteristic of the body as opposed to the mind or spirit शारीरिक) punishment, absence of toilets and clean drinking water? Indeed, taken together the child’s experience at school runs the whole gamut(a complete extent or range सारे पहलू) of risks. Why must the years at school be a minefield(a region in which explosives mines have been placed विस्फोटक स्थिति) for children to navigate?

It is no defence at all to say that for all of the problems exposed by Xainab’s death, there are regulatory norms in place and that her death was a freak(a person or animal that is markedly unusual or deformed अनूठा ) accident. The mechanisms don’t work. If inspections by district education officers were any more than cursory(hasty and without attention to detail; not thorough शीघ्रता या असावधानी से किया हुआ), why would only 4 per cent of our schools give filtered water to the children, and why would only 28 per cent of them have separate toilets for boys and girls? It has emerged from the Xainab incident that school lifts in some States fall in the no-man’s land between the fire services, the electricity utility and the civic authority, with leeway(a permissible difference कमी) enough for each to disown (prevent deliberately परित्याग करना) responsibility. In practice, the governance and regulation of child safety in schools has become a Tom and Jerry act between school managements and regulators: for one to pursue(carry out अनुसरण) and for the other to elude(escape, बचना). We need to redefine child safety at school not as a game but as a goal, and resort to a 360-degree approach with the well-being of pupils at its heart. For a start, schools will have to adopt child safety protocols(code of correct conduct शिष्टाचार ) and train their staff and wards to adhere to them. As for the civic utilities and education departments, it would help if the inspections and certification procedures were made subject to some kind of involvement, even oversight, by parent-teacher bodies. The picture of Xainab lying face down in the lift with a pink satchel on her back bore(a hole छिद्र) a staggering(so surprisingly impressive as to stun or overwhelm लड़खड़ाहट) similarity to the image of a Syrian toddler(a young child नन्हा बच्चा ) found lifeless on a Turkish beach in September. That image stirred(being excited or provoked to the expression of an emotion द्रवित) the world’s conscience(a feeling of shame when you do something immoral जमीर). This must rouse(become active उत्तेजित) ours.

Business Standard
Chennai’s floods

Record amounts of rain have hit Chennai and other parts of northern Tamil Nadu. A low-pressure area over the Bay of Bengal has meant that Tamil Nadu, coastal Andhra Pradesh and parts of Sri Lanka have been battered by rainfall – Chennai received 23.5 centimetres of rain between 8 am, Sunday and 8 pm, Monday, the most in 30 years. The city couldn’t handle this; large parts of it have been flooded for days, and at least 10,000 people have had to be evacuated from their homes. About 1,000 of those were rescued by a battalion of the National Disaster Relief Force; the Madras Regiment of the army was also called out, as was the navy. Even the air force said it had rescued 22 people, airlifting them out of difficult situations, using helicopters flying sorties out of the Tambaram Air Force Station. In spite of that, at least 70 casualties have been reported in the city and other parts of the state.

There is considerable anger against the state government. (ashokeditorial.wordpress.com) The chief minister, J Jayalalithaa, was elected to the Assembly from a city constituency, R K Nagar. Visiting the area after the rains hit, she pleaded for patience, saying that the flooding was “inevitable(incapable of being avoided or prevented जो टल न सके)”. Given that “the rain that was meant to be spread out over the monsoon months has poured in just a few days… No precautionary(taken in advance to protect against possible danger or failure एहतियाती) measures would have managed to prevent waterlogging and damage,” she said. However, she did announce a Rs 500-crore relief package, the opening of 50 additional state-run grocery stores to ensure the availability of food, and various other measures. Ms Jayalalithaa has a point; but the Opposition has pointed to the fact that recently-installed, expensive storm drains were supposed to deal with problems of this kind but signally failed to deliver. The Indian Express reported that, sometime in July 2014, a Chennai Metropolitan Development Authority engineer wrote a confession letter to his superior detailing how a multi-crore storm water drain project at Koyambedu was executed(implement) without concrete reinforcements(an act performed to strengthen approved behaviorमजबूती ) or cement, but instead with “quarry(a surface excavation for extracting stone or slate) dust”. Certainly, Ms Jayalalithaa’s image as a formidable(extremely impressive in strength or excellence महापराक्रमी) administrator has taken a hit.

The lessons of Chennai’s floods, however, go far beyond state politics. In fact, the combination of circumstances reveals how unprepared Indian cities are for the extreme weather events that will accompany global warming. Cloudbursts of the sort Chennai suffered are increasingly becoming common. They will put urban drainage under stress; and this is especially true of those cities that have been built on swampy(soft and watery दलदली) or marshy(soft and watery कीचड़दार) land, such as Chennai or Kolkata, but in which rampant(unrestrained and violent अनियंत्रित) overbuilding has destroyed the natural drainage and watercourses. (ashokeditorial.wordpress.com) India must prepare better for such cloudbursts. The National Disaster Management Authority, in particular, cannot just coordinate responses to disasters; if it is to exist at all, it should at least also try to get ahead of the curve and anticipate problems. It must begin to build scenarios for future such events so that state governments have templates(a model or standard for making comparisons नमूना ) on which to try and restructure towns.

Indian Express
A misfire

The Assam Rifles have a mandate(a document giving an official instruction or command आदेशपत्र) to fight terrorism in the northeastern states. That does not, however, empower the paramilitary force to tell the media what it can publish. The notice sent by the Assam Rifles headquarters to five newspapers in Nagaland, in which they claim that publishing articles mentioning the demands of the NSCN(K) is tantamount (being essentially equal to something बराबर) to violating the provisions of an anti-terror law, is a clear case of overreach(fail by aiming too high or trying too hard अधिक महत्वाकांक्षी होने के कारण असफल हो जाना) and a deliberate(carefully thought out in advance इच्छित) misreading of the Unlawful Activities (Prevention) Act, 1967. The Union government must step in and instruct the force to keep off the media and let the latter decide what is best for readers. The Assam Rifles, undoubtedly, have a tough task in a region with a long history of insurgency, but it must stick to its core competency — which certainly does not include news judgement and selection.
The Assam Rifles’ gag order attempts to draw legitimacy from a section in the UAPA that says that “whosoever advocates, abets(assist or encourage, usually in some wrongdoing उकसाना), advises or incites(give an incentive for action भड़काना) the commission of any unlawful activity”, or assists the operations of a banned organisation, is liable for punishment. But what constitutes advocacy, abetment and incitement to unlawful activity? Does mere(only) reporting of the activities of a banned organisation or one of its members fall into any of these categories? The now-repealed(cancel officially रद्द करना) Prevention of Terrorism Act, 2002, included a section criminalising anyone who “invited support” for an organisation banned under the anti-terror law. (ashokeditorial.wordpress.com) The vagueness(unclearness by virtue of being poorly expressed or not coherent in meaning अस्पष्टता) of the provision had enlarged the scope for abuse and, with the state targeting activists and politicians, Parliament was forced to repeal(cancel officially रद्द करना) the act.
The NSCN(K), though a banned organisation, is a factor in Nagaland’s public life, and no serious media organisation can ignore or suppress(to put down by force or authorityछिपाना) news about it. The report that appears to have triggered the ridiculous(inspiring scornful pity हास्यास्पद) diktat(order अलोकप्रिय और कड़ा आदेश) was on the death threat issued by the NSCN(K) to lawmakers whom the terror outfit deemed(keep in mind or convey as a conviction or view विचार करना) to be collaborators of the Indian state and opposed to Naga sovereignty(government free from external control सत्ता). Newspapers could not possibly ignore news that the most dangerous insurgent(in opposition to a civil authority or government विद्रोही) group in the region was planning to target the state’s legislators. How to report the NSCN(K) is a task best left to editors, who are stakeholders in Nagaland’s public affairs as much as, or even more so, than the Assam Rifles. The Assam Rifles mistake the role of the media if they think that the latter ought to serve as dutiful handmaidens(in a subordinate position नौकरानी) to the paramilitary(of or relating to a group of civilians organized to function like or to assist a military unitअर्द्धसैनिक) forces engaged in counter(indicating opposition or resistanceविपरीत-)-insurgency operations.

Nov 19, 2015 : The Times of India (Ahmedabad)
Stiffing (not moving or operating freely मजबूत) The Poor

Stop the cow protection brigade(army unit smaller than a division) from wreaking economic havoc(violent and needless disturbanceबरबादी)India, as a Hindu majority nation, discourages cattle slaughter in a directive principle of the Constitution, but couches (formulate in a particular style or languageवर्णन करना) it in an economic argument. In other words, there has always been hypocrisy(an expression of agreement that is not supported by real conviction पाखंड) around cow slaughter ¬ while upper-caste Hindus uphold the cow’s holiness, India’s meat production and trade in cow hide, skin, bone, etc has thrived(grow vigorously पनपना) with the participation of Hindus as well.Now, the climate of fear around cows has provided sanction(sanction मंजूरी देना) for harassment and inflicted(impose something unpleasant दण्ड देना) serious economic damage.
By now, 24 Indian states have laws banning or limiting cattle slaughter. In Delhi, Madhya Pradesh, Maharashtra, Punjab and Rajasthan the burden of proof is on the accused; some states even ban bull and buffalo slaughter as well as the consumption of beef.Given that India is the world’s largest exporter of beef (mostly buffalo), this has deep and wide economic ramification(a development that complicates a situationजटिलता). Apart from striking at individual rights and imposing the religious beliefs of one powerful community over others, these harsh laws combined with vigilante(member of a vigilance committeeसतर्कता समिति सदस्य) cow protection activists have struck hard at the livelihoods of those who have anything to do with cows. Minorities and lower castes, who deal with cattle and or consume beef as a source of cheap protein, are worst affected. India’s agrarian economy was already in crisis last year. (ashokeditorial.wordpress.com) Restrictions on cattle trade have deepened the crisis as farmers are stuck with unproductive heifers(young cowvबछिया ) now. Once they are no longer lactating or reproducing, a cow’s upkeep(activity involved in maintaining something in good working order पालन ), fodder and feed is expensive. The meat-processing industry, worth Rs 29,000 crore in 2014-15, has seen a sharp decline this year. The leather industry is also reeling(walk as if unable to control one’s movements लड़खड़ाना) because of the panic around cowhide ¬ it has recorded an 8% fall in exports. Flayers, tannery owners, contractors, truckers and traders are all running scared. Related business in gelatin, animal fat soap, pharmaceuticals, etc is also impacted.

The irony ( a witty language used to convey insults or scorn विडंबना) is that all this pious(having or showing or expressing reverence for a deity धार्मिक) activism doesn’t help the cow.According to the cattle census, there is already 53 lakh stray( having no home or having wandered away from home भटका जानवर) cattle abandoned(forsaken by owner or inhabitants छोड़ा हुआ) by their owners. Now, with all the fear around disposing (give, sell, or transfer to another समाप्त करना) of aged cattle, farmers have even less of an incentive to rear(bring up पाल पोसना) them.Hindutva activists will find that the more deified(consider as a god or godlike देवता मानना) the cow is, the more it is condemned(express strong disapproval of निराकरण करना) to be a marginalised drifter(a wanderer who has no established residence or visible means of support आवारा) fated (determined by tragic fate भाग्य में लिखा हुआ)to starve(be hungry; go without food भूखा मरना) slowly to death. It’s imperative(requiring attention or action अनिवार्यता) to defy((resist or confront with resistance अवहेलना करना) their blandishments(flattery intended to persuade चापलूसी) and switch from gai-vernance to governance.

Nov 19, 2015: The Economic Times (Bangalore)
Turn of the Tomato to Play Spoilsport

Industry, services cannot race too far ahead of farm
With industry and services growing to 85% of India’s GDP, one would think that the days of the economy being a gamble on the monsoon are behind us. One would think wrong.(ashokeditorial.wordpress.com) A whole lot of demand for the produce of industry depends on income being generated in rural areas, which income depends on agricultural output. If industry slackens(become slow or slower निर्बल करना), so would the need for a variety of services.Add to this the RBI’s decision to make the food-heavy consumer price index its measure of inflation and to make containing inflation the sole(MAIN) objective of monetary policy. With this, a spike in food inflation would lead to tightening of money, well, adding to the economy’s woes(misery resulting from affliction दुःख) from depressed farm incomes. The monsoon stays king.
Tomato prices are spiking(manifest a sharp increase स्पष्ट रूप से बढ़ जाना), thanks to unseasonal rains in some producing regions and deficient rains in others.This comes in the wake of an onion price scare and a steep(devote (oneself) fully to अत्यधिक) elevation(the event of something being raised upward ऊँचाई) in the price of lentils(the fruit or seed of a lentil plant the fruit or seed of a lentil plant), the chief source of protein for most Indians. The country cannot afford to continue with a farm sector that is so unpredictable and undependable. Every bit of the country’s agricultural strategy desperately(with great urgency ) needs reform.

We need better seeds and plant breeds, including genetically modified crops.

We need more and better-managed irrigation. We need improved marketing of farm produce, to minimise the role of the middleman and link retail prices to the price the farmer gets. We need expanded and climate-controlled storage. We need crop insurance and selective buffer(protect from impact) stocking, a stable export-import regime with tariffs that can vary(become different in some particular way, without permanently losing one’s or its former characteristics or essence घटना बढ़ना) in a known range. We need to invest heavily in food processing so that tomato puree paste and onion powder paste can stand in for the fresh produce and can be stored across the land in trade channels.

We need to move from public funds for agriculture being wasted in inefficient subsidies to larger public outlays(the act of spending or disbursing money खर्च ) pouring(flowing profusely घनघोर) into intelligent farm investment. With a new network of roads and electricity reaching rural areas, none of this agenda is beyond our grasp(the limit of capabilityपकड़), political will permitting.

The dawn
Railways descent

‘HUMAN error’ is the refuge(a safe placeआश्रय लेना) of officials who are asked to explain a major mishap(an instance of misfortune दुर्घटना ) in Pakistan. All too often the image of an errant(uncontrolled motion that is irregular or unpredictable पथभ्रष्ट) pilot or driver is greeted by public calls for reforming the individual — although the suspicion(an impression that something might be the case शंका remains that the institution the person worked for is being allowed to get away without a serious investigation. The latest example is the derailment(an accident in which a train runs off its track पटरी से उतरना) of the Jaffar Express in Balochistan’s(ashokeditorial.wordpress.com) Bolan area on Tuesday, in which the first suspect was the train’s driver who was among the at least 14 people killed. But as evidence emerged that the crash could have been caused by brake failure, the blame wagon changed course in the direction of those responsible for the maintenance of the Pakistan Railways stocks. The finger was pointed at the mechanics who ought to have ensured that the train’s brakes were in perfect running order before they signed the fitness certificate allowing it to set off from Quetta on Tuesday morning. But whereas this may be the routine start to the process of bringing the lazy and irresponsible to justice the exercise will remain incomplete unless there is a deeper probe(an inquiry into unfamiliar or questionable activities तहक़ीक़ात) into the mess that has existed for long in the railways and that goes beyond the fancy vows(a solemn pledge शपथ) of those in charge of its affairs.

If initial reports about the accident indicate a casual attitude on part of the maintenance staff in Quetta, it is in sync with the lethargy(weakness characterized by a lack of vitality or energy सुस्ती ) that has come to be associated with this national service. The railways minister has been constantly heard making popular noises about turning around the organisation. While some experts have found reason to praise Minister Saad Rafique, those with greater expertise in the field often caution against the much-celebrated surface changes that hide the ugly reality: that the railways’ infrastructure is in a shambles(a condition of great disorder गड़बड़). The truth is that whatever ‘improvements’ are carried out within the system in the name of safety, speed and reliability, are limited to the more visible and more privileged sections — for instance, the two favourite routes, the Lahore-Karachi and Lahore-Rawalpindi sections. Areas such as Aab-i-Gum in Bolan stand by and are lost to officials until they abruptly(quickly and without warning अचानक ही) become the news as in Tuesday’s accident when a driver tried to apply the brakes on a long slide. If this is human error the blame must rest at the top of the fragile(easily broken or damaged or destroyed दुर्बल) system.

Computer Awareness Questions Set 34

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Computer Awareness Questions 34

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Hello Readers,

This is another sheet of the computer awareness questions. This material will help you know more about Computer Abbreviations These questions are often asked upcoming IBPS PO/RRB/Clerk/SO exams and other banking exams as well.

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Computer Awareness Questions 34
1. What does CD Stand For
A) Compact Disk
B) Carrier Disk
C) Convertible Disk
D) Current Disk
E) None of these

2. CDAC Stands for
A) Centre for Development of Advanced Parallel Computing.
B) Center For Development of Advanced Computing
C) Center For Development of Architectural Computing
D) Center For Development of Aeronautical Computing
E) None of these

3. What Does C-DOT Stands For
A) Center For Development of Telephones
B) Center for Development of Telematics.
C) Center For Disbursement of Electricity Transmission
D) All Of these
E) None of these

4. What Does ROM Stand For
A) Random Only memory
B) Read Only Memory
C) Read on Memory
D) Read Only Modulation
E) None of these

5. What does RAM Stands For
A) Radical Access Memory
B) Random Access Memory
C) Random Active Memory
D) Random Analyze Memory
E) None of these

6. What Does BIOS Stand For
A) Basic IN-OUT System
B) Basis of Input output system
C) BASIC Input Output System
D) Bifurcation of IBPUT Output Systems
E) None of these

7. What Does PSTN Stands for
A) Public Switch Public Data network
B) Public Switched Telegraph Network
C) Public Switched Telephone Network
D) Private Switched Telephone Network
E) None of these

8. What is full form of MAN
A) Metro Area Network
B) Metro Localized Area Network
C) Metropolitan Area networking
D) Metropolitan Area network
E) None of these

9. What Is the full form of CAM
A) Computerized Axial Manufacturing
B) Computer Aided Modulation
C) Computer Analyzed manufacturing
D) Computer Aided Manufacturing
E) None of these

10. What is the full form of FLOPS
A) Floating Operation per Second
B) Full Operation per Second
C) Fully Optimized per second
D) Floating Operations per Second
E) None of these

Answers :
1) A 2) A 3) B 4) B 5) B 6) C 7) C 8) D 9) D 10) D

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Banking Interview Preparation Material 8

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Banking Interview Preparation Material 8

Hello Readers,banking interview preparation material

With Banking interviews are now scheduled to take place in coming days we are here with important Banking Interview Preparation Material. We will be publishing 11 set of materials in this section. All are very important for banking interview

  • What is Marketing?

The process of planning and executing the concepts, pricing, promotion and distribution of ideas/goods/services to satisfy individual’s/organizational goals is called marketing.

  • What is Viral Marketing?

Marketing by the word of the mouth, having a high pass-rate from person to person is called Viral marketing.  Creating a ‘buzz’ in the industry is an example of viral marketing.

  • What is Bench Marketing?

A comparison of the business processes with competitors and improving prevailing ones is called bench marketing.

  • What is Drip Marketing?

The method of sending promotional items to clients is called Drip marketing.

  • What is Guerilla Marketing?

Unconventional marketing intended to get maximum results from minimal resources is nothing but Guerilla Marketing.

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Frequently asked Questions No 1
Frequently asked Questions No 2
Frequently asked Questions No 3
Frequently asked Questions No 4
Frequently Asked Questions No 5
Frequently Asked Questions No 6
Frequently ASked Questions No 7
Frequently Asked Questions no 8
Frequently Asked Questions No 9

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Syllogism Practice Set 5

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Syllogism Practice Set-5

Hello Readers,

Syllogism Questions are very important in every competitive examination. This set is based on questions on a given set of information, which are to be solved on basis of 7 rules. We will be updating you with all type of syllogism Questions on a daily basis.

Directions—(Q. 1–6) In each of the questions below are given four statements followed by three conclusions numbered I, II and III. You have to take the given statements to be true even if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

1. Statements :
All coins are glasses.
Some glasses are cups.
Some cups are boxes.
All boxes are pins.
Conclusions :
I. Some coins are cups.
II. Some pins are glasses.
III. Some cups are pins.
(A) None follows
(B) Only I follows
(C) Only III follows
(D) Only II and III follow
(E) None of these
Ans : (C)

2. Statements :
Some pens are pencils.
All pencils are caps.
All caps are buses.
Some buses are trains.
Conclusions :
I. Some trains are caps.
II. Some pens are buses.
III. Some pencils are trains.
(A) Only I follows
(B) Only II follows
(C) Only I and III follow
(D) None follow
(E) All I, II and III follow
Ans : (B)

3. Statements :
All shirts are skirts.
All skirts are banks.
All banks are roads.
All roads are brushes.
Conclusions :
I. All banks are skirts.
II. All roads are banks.
III. Some brushes are shirts.
(A) Only I follows
(B) Only III follows
(C) Only I and III follow
(D) All I, II and III follow
(E) None follows
Ans : (B)

4. Statements :
Some fishes are plates.
Some plates are spoons.
Some spoons are plants.
All plants are crows.
Conclusions :
I. Some plates are crows.
II. Some crows are spoons.
III. Some plants are spoons.
(A) Only I follows
(B) Only I and II follow
(C) None follows
(D) Only II and III follow
(E) Either I or III follows
Ans : (D)

5. Statements :
Some eggs are hens.
Some hens are ducks.
All ducks are pigeons.
All pigeons are sparrows.
Conclusions :
I. All ducks are sparrows.
II. No egg is duck.
III. Some sparrows are hens.
(A) Only I follows
(B) Only I and II follow
(C) Only III follows
(D) Only I and III follow
(E) All I, II and III follow
Ans : (D)

6. Statements :
No man is tiger.
No tiger is cat.
Some cats are lions.
Some lions are tigers.
Conclusions :
I. Some tigers are cats.
II. Some cats are men.
III. Some lions are men.
(A) None follows
(B) Only III follows
(C) Only I and II follow
(D) Only I follows
(E) Only II and III follow
Ans : (A)

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add_filter( 'infophilic_fontawesome_essentials', 'infophilic_fontawesome_essentials' ); function infophilic_fontawesome_essentials() { return true; }