Union Budget 2016-17

Finance Minister Arun Jaitley listed 'nine pillars' including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.

Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms.

The other pillars, he added, include focus on agriculture and rural areas with a view to doubling farm income by 2022.

Besides, he said, government will lay greater emphasis on social sectors, education and skill building and job creation for building a knowledge based and productive economy.

The government, Jaitley said, will also focus on infrastructure investment, financial sector reforms, fiscal discipline and tax reforms to reduce compliance burden.

Current Affairs Quiz

1. “Woodwinds of Change” is the autobiography of which in the below list famous personalities?
A) Ravi Shankar
B) Hari Prasad Chaurasia
C) Zakir Hussain
D) Kishan Maharaj

2. “World AIDS Day” is observed on?
A) 3-Dec
B) 4-Dec
C) 1-Dec
D) 7-Dec

3. “The Eternal City” is a nick name of ________?
A) Rome
B) Athens
C) Jerusalem
D) Venice

“4. The Free Thinker’s Prayer Book” book was written by?
A) K. N. Raghavan
B) Khuswant Singh
C) Sudhendra Kulkarni
D) Bhavna Singh

Ans. 1.a; 2.c; 3.a; 4.b

Current Affairs India - 26-27 February 2016

1. The Economic survey was presented by the Finance Minister Arun Jaitley in the Lok Sabha on Friday. The survey predicted GDP growth rate in the range of 7 to 7.75% for financial year 2016-17, which will be the highest in the world. It said government will meet its fiscal deficit target of 3.9% of GDP.

The survey also called for more economic reforms, subsidy cuts and fiscal consolidation in order to improve India's macro-economic condition. Overall, it presented an optimistic picture of Indian economy during global economic slowdown. As per the report, increase in wages recommended by the 7th pay commission will not destabilise prices and will have little impact on inflation.

2. The Union Cabinet chaired by the Prime Minister Narendra Modi has approved to establish Atal Innovation Mission (AIM) and Self Employment and Talent Utilisation (SETU) in NITI Aayog with appropriate manpower in order to implement of Missi

IBPS Specialist Officer Result Out

IBPS has released the result for the post of Specialist Officer. All the students who have appeared for the examination may check their result by clicking on the link below.

Click Here To View The Result For Specialist Officer

Railway Budget 2016-2017

Railway Minister Suresh Prabhu presented his second rail budget this year. He kept the fares unchanged.  In his budget speech, he said that for this budget he owes its inspiration to vision of PM Modi who said: "My vision is to make railways backbone of India’s progress & economic development."

He outlined the 3 pillars of strategy - raise new revenues, raise productivity and efficiency and revamp the processes. He also said that the Core objective is to become engine of economic growth, create employment and provide customer service.

So now let’s see what Mr. Prabhu had for the citizens of India. Here are the highlights of the Rail Budget 2016:

SIDBI Assistant Manager 2016 Score Card Out | Check Grade A Officer Marks

Small Industries Development Bank of India (SIDBI) conducted the written examination for the recruitment of Assistant Manager Grade A – General Stream posts on 24th January 2016 across various examination centers. The results of the same were also declared. SIDBI has released the marks for the Assistant Manager written examination. Candidates who had written the exam can check the marks from the direct link provided below.

Recruitment of Officers Grade 'A' - General Stream 2016 (Score Card)
Click here to view Online Examination Marks


Recruitment of Officers in Grade 'A' - General Stream : 2016 (PDF)
Click here for the Result of the Online Examination held on January 24, 2016.

LIC AAO Previous Year Papers Download PDF

LIC AAO Previous Year Papers PDF is available here. Candidates can download old year Questions Papers With solution in the below provided PDF Link. The Life Insurance Corporation India Limited hasrecently released recruitment notification/vigyapti for fill 700 Post at vacant LIC Office in India. These are good opportunity for applicants they are looking latest Govt Job Opening they can apply online through the official site before last date 05/01/2016. Candidates can access complete details regard this Vacancy such as Eligible Criteria, Age Limit, Application Form Date, Exam Date, Admit Card and more other details you can collect on this Page, A huge Number of candidates will apply for the Latest LIC AAO Officer Recruitment 2016, So competition will go straight high, So candidates who are going to appear in the LIC AAO Written Exam 2016 they have also need LIC AAO Syllabus and Previous Papers, Aspirants can download online LIC AAO Previous Year Papers PDF on this Portal.

Download LIC AAO Previous Papers 2009

Download LIC AAO Previous Papers 2013

Download Here LIC AAO Sample Question Papers 

LIC: Assistant Administrative Officer (Generalist) Online Exam - 2016 Call Letter Released

Life Insurance Corporation (LIC) has released the Online Exam Call Letter for Recruitment to the post of Assistant Administrative Officer (Generalist) - 2016. 

The Online Examination to be conducted on 05th, 06th, 12th & 13th March 2016. The exam will take place in 2 shifts i.e 8:30 and 12:30.

• CLICK HERE TO DOWNLOAD THE CALL LETTER
• HAND OUT FOR AAO(GEN)- ENGLISH
• SCIBE DECLARATION FORM FOR AAO (Gen)

IRDAI: Junior Officer Call Letter Released

Insurance Regulatory and Development Authority of India (IRDAI) has released the Call Letter for the the PHASE-I Online Examination for recruitment of Junior Officer.The Phase-I Online Examination to be held on 27-02-2016.

CLICK HERE TO DOWNLOAD THE CALL LETTER 

 

CANDIDATES MAY ALSO CLICK BELOW LINKS TO DOWNLOAD THE FOLLOWING:

 
·         INFORMATION HANDOUT– ENGLISH

·         INFORMATION HANDOUT– HINDI

·    BRIEF GUIDELINES & DECLARATION FORM FOR PERSONS WITH DISABILITY

Bank Mantra App : Download Now for Daily Updates

FOR REGULAR UPDATES AND DAILY NEWS 

DOWNLOAD THE BANK MANTRA APP RIGHT NOW

Lakshmi Vilas Bank Recruitment 2016 – Probationary Clerk & Officer Posts

Lakshmi Vilas Bank has released notification for the recruitment of Sales Probationary Clerk, Probationary Officer vacancies for pan India operations. Eligible candidates may apply online from 17-02-2016 to 01-03-2016


Name of the Posts:
1. Probationary Clerk
2. Probationary Officer

Click here to download the Advertisement

Click here to apply for Probationary Clerk

Click here to apply for Probationary Officer

Computer Quiz for LIC AAO

Q.1. Disk Operating System (DOS) was designed to work with which of the following input device?

(1) Mouse
(2) Keyboard
(3) JoyStick 

 (4) Xbox 

 (5) Printer 

 Q.2. Which among following is not a logical gate? 

 (1) NOR 

 (2) XOR 

 (3) AND 

 (4) NAT 

 (5) OR 

 Q.3. A switch in a network is ______. 

 (1) It is used to connect systems on network 

 (2) It is used to stop hacking 

 (3) It is used to stop viruses 

 (4) It is used to boot systems remotely 

 (5) It is used to attach firewall 

 Q.4. Which of the following Operating systems is better for implementing a Client-Server network? 

(1) MS DOS 

 (2) Windows 95 

 (3) Windows 98 

 (4) Windows 2000 

 (5) All of above 

 Q.5. The operating system manages ______. 

 (1) Memory 

 (2) Processes 

 (3) Disks and I/O devices 

 (4) Files and folders 

 (5) All of the above 

Q.6. Usually, in MSDOS, the primary hard disk drives has the drive letter ____ 

 (1) A 

 (2) B 

 (3) C 

 (4) D 

 (5) E 

 Q.7. Printed information called ......, exists physically and is more permanent form of output than that presented on a display device. 

 (1) Soft Copy 

 (2) Hard Copy 

 (3) Carbon Copy 

 (4) Desk Copy 

 (5) Ribbon Copy 

 Q.8. Which of the following is the benefit of using computer? 

 (1) Computers are very fast and can store huge amounts of data 

 (2) Computers provide accurate output even when input is incorrect 

 (3) Computers are designed to be inflexible 

 (4) All the above 

 (5) None of these 

Q.9. Which of the following keyboard short-cut is used to center the paragraph? 

 (1) Ctrl + C 

 (2) Ctrl + E 

 (3) Ctrl + L 

 (4) Ctrl + R 

 (5) Ctrl + N 

 Q.10. If a memory chip is volatile, it will _____. 

(1) explode if exposed to high temperatures 

 (2) lose its contents if current is turned off 

 (3) be used for data storage only 

 (4) be used to both read and write data 

 (5) be used only for read data 

 Answers 

 Q.1. (2) Disk Operating System (DOS) was designed to work keyboard input device 

 Q.2. (4) NAT is not a logical gate 

 Q.3. (1) A switch in a network is used to connect systems on network 

 Q.4. (4) Windows 2000 is better for implementing a Client-Server network 

 Q.5. (5) 

 Q.6. (3) Usually, in MSDOS, the primary hard disk drives has the drive letter C 

 Q.7. (2) Printed information called Hard copy, exists physically and is more permanent form of output than that presented on a display device 

 Q.8. (1) Computers are very fast and can store huge amounts of data 

 Q.9. (2) Ctrl + E keyboard short-cut is used to center the paragraph 

 Q.10. (2) If a memory chip is volatile, it will lose its contents if current is turned off

[Data Interpretation-3] Calculation Techniques

In this article you will learn some calculation techniques to solve questions quickly, which may look difficult to solve in examination due to lot of calculation.I suggest you to read my previous two articles on DI first and then read this article:

Read: [DI-1] How to Calculate Division of two Numbers Quickly?

Read: [DI-2] Percentage Growth/Increase/Decrease

Let us take an Example:

Below Pi-Graphs represent Sales Revenue of a Company XYZ in three segments: Scooter, Motorcycle, and Three Wheeler for year 2012 and 2013.

Based on Graphs above solve Below Questions.

Question 1: By how much percentage sales revenue of Scooter has increased in 2013 w.r.t. 2012.

      a)    27%             B)30.4%         c) 35%           d) 41%

Solution:

Normal Procedure:

STEP-1 Sales Revenue of Scooter in 2012 = 29% of 79311 = 23000.19 ~ 23000

Sales Revenue of Scooter in 2013 = 34% of 88244 = 30002.96 ~ 30003

(Obviously getting above two values requires lot of Calculation)

STEP-2 % increase in Sales Revenue of scooter

= (Sales Revenue In 2013 – Sales revenue in 2012)*100/ Sales revenue in 2012

= (30003 – 23000) * 100 / 23000 = 30.44 %

                                          OR

Revenue has become 30003 from 23000 so we can also use our M.F. method to calculate % increase.

M.F. = Final Value/ Initial Value = 30003/23000 = 30000/23000 = 30/23 = 1.304

So Percentage Increase = (1.304 -1) *100 = 30.4%

Note: Here Calculation of Step 1 is time consuming. Let us see how we can solve this question quickly.

Alternate Approach:

Do not calculate Step 1

Directly Write:

M.F. = Final Value / Initial Value = 34% of 88244 / 29% of 79311

                                                    = (34/29) * 882/793           (Approximation)

34/29 === > 35/30 = 1.17

882/793 == > 890/800 = 1.11    (Using Division Technique)       

M.F. = 1.17 X 1.11 ~ 1.298 ~ 1.3      [ For Quick Calculation 1.11 = 1+0.1+0.01
                                                   => 1.17 x 1.11 = 1.17 + .117 + 0.0117 = 1.2987 ]

 If M.F. is 1.3 == > % increase will be 30%    Hence option B is correct                                       

Question 2: By how much percentage sales revenue of Motorcycle has changed in 2013 w.r.t. 2012.

      a)    4.7% decrease         B) 4.7% increase         c) 9.4% increase           d) 9.4% decrease

Solution:

M.F. = Final Value/ Initial Value = 48% of 88244 / 56% of 79311

                                                  = (48/56) * (882/793)

                                                  = 6/7 * 882/793

                                                  = 0.86 * 1.1

                                                  = 0.946

Percentage Decrease = (1 – M.F.) * 100 = (1-0.946) *100 = 5.4%

(We got 5.4% since we have used lot of approximation.)

Closest option is A) hence option A is correct.

Question 3: By how much percentage sales revenue of Three Wheeler has increased in 2013 w.r.t. 2012.

       a)    29.5%         B) 33.5%         c) 37.5%           d) 41.5%

Solution:

M.F. = Final Value/ Initial Value = 18% of 88244 / 15% of 79311

                                                  = (18/15) * (882/793)

                                                  = 1.2*1.1

                                                  = 1.32

Percentage Increase = (M.F.-1) * 100 = (1.32-1) *100 = 32%

Closest option is B. Hence option B is correct.

[Data Interpretation-2] Calculating Percentage Growth/Increase/Decrease

In this article you will learn how to calculate Percentage Growth/Increase/Decrease in Data Interpretation Questions. Here I will explain how to use concept of Multiplying Factor for solving Percentage Growth, Increase/Decrease questions quickly. Before moving further first visit the first part of the DI.  [Data Interpretation - 1] How to Calculate Division of two numbers quickly?

Let us take few examples:

Example: XYZ motors limited sold 7000 Scooters in year 2012. If sale of scooter is increases by 10% in year 2013. Calculate no of scooters sold in 2013.

Solution:  Increase in scooter sale = 10% ===è M.F. = 1.1 

Final Value = Initial Value * M.F.

Scooter sales in 2013 = M.F. X 7000 = 1.1 X 7000 = 7700.

Let us understand how to use Multiplying Factor  while solving DI questions.

Example: The below Graph represents Bajaj Auto’s sales volume in different segment from year 2010 to 2013.

Question: What is percentage growth in sales volume of scooter in year 2011 w.r.t. 2010.

            a) 9%            b) 10%               c) 15%                  d) 20% 

Solution: 

Normal Procedure:      No. of Scooter Sold in 2010 = 7000

                                       No. of Scooter Sold in 2011 = 7700

% Increase = [(No. of units sold in 2011 - No. of units sold in 2010) / No. of units sold in 2010] * 100

                  

                  = [( 7700 – 7000 ) / 7000] * 100 = [700/7000] * 100 = 10 %.

Using Multiplying Factor Method:

Final Value = Initial Value * M.F.

M.F. = Final Value / Initial Value 

Note: If final Value and initial Values are given you can calculate Multiplying Factor by dividing Final Value and Initial Value. Once you Got Multiplying Factor you can easily tell % increase or % Decrease.

Let us solve above problem using multiplying factor.

M.F. = Final Value/ Initial Value = 7700 / 7000 = 1.1

If Multiplying Factor = 1.1 ==è 10% increase.         ( 1.1-1=0.1*100 = 10 )

(You can do it mentally no need to raise your pen).

Initially it may appear to you that your normal method is also very fast while solving above questions. So, for showing the effectiveness of Multiplying Factor method let us solve another question.

Question: What is percentage change in sales volume of motorcycle in year 2011 w.r.t. 2010.

                        

                      a)    37% Decrease B) 36% Increase c) 31% Decrease  d) 41% Decrease

Solution: Using Multiplying Factor Method:

Final Value = 5570

Initial Value = 8820

Mutiplying Factor = Final Value / Initial Value

                               = 5570 / 8820

                               = 557 / 882

Multiplying Factor = 557/882 = 569/900 = 0.6322

% Decrease = (1-0.6322) * 100 = 36.78 %  

Hence option A] is correct.

Note: Remember That,

% Increase = (M.F. – 1) * 100

% Decrease = (1- M.F.) * 100

Multiplying Factor is a very useful concept while solving percentages, DI, Profit/Loss, CI and SI. I suggest you understand Multiplying Factor well,if you do understand M.F. you can solve all Profit/loss , CI/SI problems without any formula. 

You must also read :

[Data Interpretation-3] Calculation Techniques