Wednesday, 30 December 2015

Greetings for a `happy New Year’ Welcome-2016

Dear Expert Students,

Current Affairs and General Knowledge section of competitive examinations is always an area causing anxiety for the students. Some examinations give more focus on last 6 months Current Affairs while others contain more questions from GK. Normally objective type papers for recruitment to bank jobs give good coverage to current affairs It is very important to be well prepared for this section as the student can score more marks in relatively lesser time. But this requires regular systematic reference to source materials like one good Newspaper like `The Hindu’ or ` Economic Times’ and a website like `’ for reference.

It is a good and useful practice to keep a jotting notebook right from the day one starts applying for jobs requiring highly competitive performance. He/she should regularly note preferably on a daily basis important news items in brief, while thoroughly studying the background notes by referring to authentic websites. This habit has several advantages. Apart from good understanding of the news items, it also helps the student to identify important news items for last minute reference instead of undergoing the strenuous nerve wrecking exercise of cramming volumes on the eve of the examination. This practice also increases the confidence level of the students and makes preparation for interview easier. It is observed from the past examination papers that in papers for junior level posts most of the questions are of basic type such as questions based on definition, who is who, acronyms and testing one or two key features relating to the news item on which the question is based. For higher level posts the questions could be challenging the understanding of the subject such as objectives, `How and Why’ of the underlying subject and covering several features of the topic in question. It is also observed that in bank recruitment examinations, nearly 85 to 90 percentages of the questions are from news items which have occurred within 3 to 4 months preceding the date of Examination.

This note has been prepared keeping in view basically IBPS clerical Exams scheduled in January 2016. These are not one liners. Students should be fully prepared for any type of questions on these topics. For instance, recently PM visited Turkey and UK. The questions can be anything from capital city of these countries, currencies, names of Heads of State, venue of important events, important areas of collaborations and even some acronyms. I have tried my best to cover all important news items for the last 3 months but it is not intended to be exhaustive. Normally 20 to 25 questions appear from sections A to G and about 10 to 15 questions from other news. Each of these topics has potentially 5 to 15 questions, which could appear in the competitive examination. The booklet on `BANKING AWARENESS and monthly bulletins on Current Affairs have adequate information to extensive enrichment of the knowledge.

Wishing you good luck

Important topics in CA for the forth coming bank exams

Relating to RBI

1) RBI’s policy rates (once in 2 months they are in news) – Objectives of Monetary Policy – Inflation Targeting – tools particularly CRR, SLR, LAF, BR, OMO- other functions of RBI are equally important
2) Marginal Costing Based Interest rate recently announced by RBI – Definition – features – relation with Base Rate
3) RBI’s agreement with GOI and related questions – Dr. Urjit Patel Committee recommendations – inflation targets – details of agreement with GOI – Monitoring Committee headed by Governor
4) Recent letter of intent given to MFIs for opening small banks – names – guidelines on functions of small banks
5) Licenses issued for payment banks – RBI objective- Committee behind these steps -definition – names – guidelines on their functions
6) Foreign banks have applied for WOS – definition of WOS –names of foreign institutions who have applied
7) Recent liberalisation in branch licensing – details
8) RBI guidelines to Cooperative banks on internet banking – what are cooperative banks – how they are supervised
9) Commemorative coins (Dr. Ambedkar’s 125th birth Anniversary )and GOI’s decision to issue Re 1 notes – Issue of currency by GOI and RBI
10) Two banks declared as systemically important
11) Amendment to NI Act on cheque bouncing
12) RBI permitted Foreign Portfolio Investors to buy Defaulted Bonds
13) RBI granted in-principle approval to NPCI to function as the central unit for Bharat Bill Payment Systems.
14) RBI granted in-principle approval to three applicants for setting up TReDS

Other banks

15) One nationalized bank issued Mudra cards
16) Some banks have launched mobile based products and facilities
17) A few banks have been slapped fines by RBI
18) Two banks are issuing Tier 2 bonds to increase their CAR
19) One bank extends digital signature facility with Aadhar card links


20) Federal Reserve has increased the interest rate in December
21) US Senate has passed the bill to facilitate more shareholding in IMF for developing countries without increasing the share capital base. Some European countries would be getting reduction in their share holding
22) Two Indian origin politicians in Canada and South Africa have been appointed ministerial level positions
23) WTO –Nairobi Ministerial conference (Kenya) – 2 new members admitted making the total membership to 164 – An important decision taken relating agri subsidies
24) Recent conference in Paris on Climate Change

Government of India

25) Swach Bharat Mission –World Bank offers $ 1.5 b loan. The Mission-to provide access to sanitation for all and end open defecation by 2019-GOI introduced 0.5% Swach Bharat Cess on all services
26) President Pranab Mukherjee launched research project Imprint India
27) Make in India project developments
28) Skill Development India project
29) Digital India
30) PM’s visits – Singapore and Malaysia, Turkey and UK and Russia
31) Gold Monetization Scheme
32) Sovereign Bonds Schme
33) GOI initiatives in Financial Inclusion
34) Parliament passing Juvenile Act Amendment Bill
35) Lok Sabha passes National Waterways Bill
36) Lok Sabha passes Atomic Energy Amendment Bill 2015
37) GOI’s in principle approval for Google’s Loon project to provide broadband internet connectivity in remote areas
38) GOI allows 100% FDI in White Label ATMs
39) In October GOI announced further sectors for FDI
40) Union Cabinet approved UDAY for revival of sick DISCOMs
41) GOI launched Sugamya Bharat Abhiyan in December 2015
42) GOI launched GIAN scheme
43) Goods and Services Tax – 3 taxes – Arvind Subramaniam Committee Recommendations
44) AMRUT Action Plans for 81 cities approved with total project outlay of 5748 crore rupees
45) Syed Akbaruddin appointed as next Permanent Representative of India to UN
46) Urban Development Minister launched portal for small traders’ e-lala
47) Visit to India of important foreign dignitaries
48) Details of 9 bills passes by Parliament in the winter session
49) Financial Inclusion initiatives of GOI – 4 schemes

State News

50) Goa government launched National Food Security Act 2013
51) Maharashtra first state to allow MLAs to raise questions online
52) Maharashtra approved Abdul Kalam Amrut Yojana for pregnant and lactating women
53) UP govt banned use of plastics except for packaging following Allahabad HC order
54) Odisha Govt banned fishing to protect Olive Ridley turtles
55) Odisha implemented National Food Security Act, 2013 in 14 districts


56) Exports falling continuously for 12 months
57) Foreign Exchange Reserves reached over $ 350 billion
58) India’s GDP growth rate to touch 7.5% in FY 2015-16

Other News

59) Work starts on TAPI gas pipeline project
60) Mother Teresa to be conferred sainthood by Vatican in Sep 2016
61) NOBEL prizes for 2015
62) New Chief Justice of India and New Information Commissioner appointed.
63) Miss Philippines became the 64th Miss World
64) The “El Nino” phenomenon – 6 Typoons hit Philippines in 2015 and excessive rains at Chennai
65) Awards to Dilip Kumar and Salmon Rushdie
66) WIPRO gets Aegis Graham Bell Award 2015
67) Nobel Peace Prize winner Vidhyarthi gets another international award
68) Sania Mirza wins 3 international sports events along with Martina Hingis – Normally we get Indians winning top slots in Badminton, Cricket, Tennis, wrestling, shooting and Archery
69) Nuclear capable surface-to-surface Agni-IV missile successfully test-fired
70) First AMRIT outlet opened at AIIMS Delhi for selling affordable drugs

Other Topics getting coverage

71) Basic bank terminology related questions about 4 to 5 (these have some link with recent news)
72) Bank tagline and HQ of banks – 1or 2
73) National Sports and Civil Awards – 2 or 3
74) Demise of famous personalities -1
75) Indian sportsmen winning in international events -1/2
76) Recently published books of famous authors/personalities from India- 1
77) Recent International level famous team sports -1/2
78) National level sports/trophies recently held like cricket, Football (including professional tournaments like IPL) – 1 / 2
  • Important International and National Days celebrated during the past 4 months starting from 1st September 2015 to 31 Dcember 2015 -1
79) Acronyms recently in news like OROP, AMRIT, AMRUT, NITI, etc – 1
80) GK question on Indian Fine Arts like traditional dance, music etc  –  1

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