Current Affairs Quiz for january 2-3-4-2015

This quiz contains 10 questions, each question has Five options, select only one correct answer of the given question and after answering the questions click on Button "Check my Answers"

Daily Gk Update For January 3, 2015

Sri Lankan Cricketer Kumar Sangakkara Joins Elite 12,000-Runs scorer Club in Test Cricket

Sri Lankan batsman Kumar Sangakkara has joined an elite group of cricketers to make 12,000 runs in Test Cricket.

He reached this milestone in Sri Lanka’s second Test match against New Zealand held in Wellington, New Zealand.

English Quiz

This quiz contains 10 questions, each question has Five options, select only one correct answer of the given question and after answering the questions click on Button "Check my Answers"Directions (1 - 5):In each of these questions there is a sentence with two blanks, followed by five pair of words. Select the pair or words which can fill up the blanks in the same order and complete the sentence meaningfully.

Cash Reserve Ratio

Cash Reserve Ratio

The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of IndiaThe Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 with ....., with reference to the demand and time liabilitiesAny claim for money against the assets of a company, such as bills of creditors, income tax payable, debenture redemption, interest on secured and unsecured ..... (NDTL) to ensure the liquidity and solvency of the Banks. Please note that earlier RBI was empowered to fix RBI between 3-20% by notification. However, from 2006 onwards the RBI is empowered to fix the CRR on its discretion without any ceiling. The CRR is maintained fortnightly average basisIn a futures market, basis is defined as the cash price (or spot price) of whatever is being traded minus its futures price for the ......

What is impact of reducing CRR?

• When CRR is reduced, more funds are available to banks for deploying in other business as they have to keep fewer amounts with RBI. This means that the banks would have more money to play and this leads to reduction of interest ratesWhen a person borrows some money from another person, this money comes at an interest which can also be called the "Opportunity Cost" of the ..... on Loans
  provided by the Banks.

What is impact of Hiking CRR?

RBI uses the method of CRR hike to drain out the excess liquidity from the banks. This is because; the banks will now have to keep more money with the Reserve Bank of India In 1926, the Royal Commission on Indian Currency and Finance which is also known as the Hilton-Young Commission recommended the creation of a central bank. ...... On this money banks don`t earn any / much interest. Since they don't earn any interest, the banks are left with an option to increase the interest rates. If RBI hikes this rate substantially, banks will have to increase the loan interest rates. The home loans, car loans and EMI of floating Rate loans increase.

The following Graphic shows the history of CRR since 2000.

The above graphic shows that RBI has used this tool to contain the money supply and credit creation more frequently. Highest CRR was 9% when the Global Financial Slowdown had started taking definite shape. During the slowdown years the CRR was reduced gradually so that Banks have more money with them. Once, the signs of recovery are shown clearly, RBI made it again a little higher.

Daily Gk Update for January 2, 2015

 IAS officer R K Srivastava takes charges as AAI Chairman

IAS officer R K Srivastava took over as the new chairman of Airports Authority of India (AAI).
Earlier in December, Srivastava was appointed as chairman of AAI by the government for 5 years.
He is a 1984-batch Jharkhand-cadre IAS officer and  has replaced Sudheer Raheja who was charge of the post since late August 2014.

Current Affairs Quiz

This quiz contains 10 questions, each question has Five options, select only one correct answer of the given question and after answering the questions click on Button "Check my Answers"

Download your Interview Call Letter for Probationary Officers/ Management Trainees Phase IV

IBPS activated the download link to   Download your Interview Call Letter for Probationary Officers/ Management Trainees Phase IV. You are required to fill on your Registration Number and Date of Birth or Password.


Click here to Download .

All the best guys!!!

Daily Gk Update For January 1, 2015

India and Pakistan exchange list of nuclear facilities

India and Pakistan on 1st January 2015 have exchanged the list of their nuclear installations and facilities under the agreement on Prohibition of Attack against Nuclear installations between India and Pakistan.

Probability

Probability = Occurrence of event/Total possible events

Simple probability problem

Simplest questions asked in bank exams are asked about deck of cards, dice and coins. There is no co-occurrence of events.

Lets take an example :-

Age Problems

Age problems are one of the most common topics in IBPS, CAT, GMAT and other banks exams. Students waste lots of time in this question as it look very simple but when they start solving with triditional methods, it takes a lot of time. Today We are solving with shortcut trick. In case of any problem, please comment below.

Best way to solve Age questions is to assume fixed period with which further conditions will be compared. For example taking 2000 as fixed year.

Application of this rule

Example 1

Ranjeet's age after 15 years will be 5 times his age 5 years back. What is his present age ?

Solution - Let's assume right now it is year 2000

Age of Ranjeet in 1995 = x

Age of Ranjeet in 2015 = 5x

Present age of Ranjeet (in 2000) = x+5 or 5x-15

we will solve these two equation to find x. 

X= 5. Then Ranjeet's present age becomes = x +5 = 10

Example 2

Karan was 4 times old as his son 8 years back and he will be 2 times old as his son after 8 years. Calculate Karan and his son's age.

Assume that currently it is year 2000.

In 1992 Karan's age = 4x, Age of Karan's son = x

In 2008 Karan's age = 2y and Age of Karan's son = y

Now we get two equations 2y - 4x = 16 and y - x = 16

By solving this equation x = 8, so Karan' son's current age = 16 years and Karan's age = 40 years.