Tuesday, May 31, 2016

Current Affairs Update – 31st May, 2016

Hello and welcome to exampundit. Here are the important Current Affairs of 31st May, 2016. These are important for the upcoming UIIC AO 2016, SBI Clerk & SBI PO Mains 2016 Exams.


Current Affairs at a Glance – 31st May, 2016
  1. Reserve Bank has allowed Axis Bank to raise foreign shareholding to up to 62%, from the earlier limit of 49%.
  2. E-commerce major Flipkart on Tuesday introduced "No Cost EMI" option to make online shopping affordable for high-end purchases through an attractive financing option of equated monthly installments (EMI) where customers will not bear additional cost.
  3. For the first time in the country, a division of the Indian Railways has introduced an 'Auto Vision Policy'. The Southern Railway, which caters to the 'Detroit of India', the Chennai automobile cluster, has introduced the policy and also signed memorandums of understanding with two major ports to bring down cost to match road transportation.
  4. Surajit Kar Purkayastha on 30 May 2016 was appointed the Director General of West Bengal Police.
  5. Expenditure secretary Ashok Lavasa appointed as the new finance secretary.
  6. Vice Admiral Sunil Lanba took charge as the new Chief of the Naval Staff on Tuesday, as Chief of the Naval Staff Admiral R.K. Dhowan superannuated from service.
  7. Ministry of Railways and PEC University of Technology, Chandigarh on 30 May 2016 signed a Memorandum of Understanding (MoU) to set up Kalpana Chawla Chair on Geospatial Technology for Indian Railways at the University.
  8. National football team goalkeeper Gurpreet Singh Sandhu on 29 May 2016 became the first Indian to play top-tier European football league match. He turned out for Norwegian side Stabaek FC in Norwegian Premier League (Tippeligaen) .
  9. England cricket captain Alastair Cook on 30 May 2016 became youngest Cricketer to score 10000 test runs. The previous record was held by Indian legend Sachin Tendulkar who reached the landmark score against Pakistan at Eden Gardens in 2005.
  10. Real Madrid on 29 May 2016 won the 2015-16 UEFA Champions League title. In the titled clash, Real Madrid defeated their city rivals Atletico Madrid via a penalty shoot-out following a 1-1 draw.
  11. The World No Tobacco Day (WNTD) 2016 was observed globally on 31 May 2016.
  12. Veteran TV and film actor Suresh Chatwal passed away on 29 May 2016 following a brief illness in Mumbai. 



Finance/Banking/Industry –

RBI lets Axis Bank raise foreign shareholding to up to 62% from 49%
 
Axis Bank
Axis Bank
  • Reserve Bank has allowed Axis Bank to raise foreign shareholding to up to 62%, from the earlier limit of 49%.
  • "Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest from the existing 49% up to 62%of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS)", RBI said in a notification.
  • RBI said total foreign investment from all sources in the bank shall not exceed 62% of the paid-up capital.
  • The decision was taken after passage of resolutions at the level of the board of directors and through a special resolution by the shareholders, agreeing to enhancing the limit for purchase of its shares and convertible debentures by FIIs/RFPIs.
  • One of the leading private lenders, Axis Bank started operations in 1994 and has been promoted by financial institutions such as UTI, LIC, GIC and its subsidiaries.


Flipkart introduces online 'No Cost EMI' option
 
Flipkart introduces online 'No Cost EMI' option
Flipkart office building
  • E-commerce major Flipkart on Tuesday introduced "No Cost EMI" option to make online shopping affordable for high-end purchases through an attractive financing option of equated monthly installments (EMI) where customers will not bear additional cost.
  • Flipkart's "No Cost EMI" entails zero processing fee, zero down payment and zero interest for customers.
  • With the introduction of "No Cost EMI" option, Flipkart aims to enable more people to get access to products they aspire for.
  • The company has partnered with Bajaj Finserv and key brands to create this offering which is available for select products and sellers for now. The offering comes with loan tenures starting three months up to 12 months.


Southern Railway introduces countries first 'Auto Vision Policy'
 
Southern Railway introduces countries first 'Auto Vision Policy'
Representation Image of Southern Railway
  • For the first time in the country, a division of the Indian Railways has introduced an 'Auto Vision Policy'. The Southern Railway, which caters to the 'Detroit of India', the Chennai automobile cluster, has introduced the policy and also signed memorandums of understanding with two major ports to bring down cost to match road transportation.
  • The policy was released at a seminar 'Freight on Southern Railway' by Vashishta Johri, general manager, Southern Railway.
  • The Auto-Vision statement of the Southern Railway will extensively leverage on all five levers of growth, including competitive pricing, operational effectiveness, capital expenditure, rationalisation of management practices and enhancing teamwork within employees and pro active outreach towards customers.
  • The vision seeks to generate revenues in the auto segment in excess of Rs 500 crore in a 10 year time frame and at a compound annual growth rate of 30%.
  • The vision also talked about enhancing the railways' share in the export and coastal ro-ro (Roll-on/roll-off) segment to 90%, accruing revenues of Rs 90 crore.
  • The division has set its sight on taking the rail share to 50% in the container based export market, accruing annual revenues of Rs 60 crore and running two parcel express trains per day of maintenance spares and supplementary goods and leveraging on the warehousing business to generate revenues in excess of Rs 150 crore.


Tata Motors signs MoU with Automotive Skills Development Council
 
The MoU signing event
  • In yet another instance of the growing industry and academia connect in the country, Tata Motors has signed a Memorandum of Understanding (MoU) with the Automotive Skill Development Council (ASDC), a government of India-recognised skill council for a collaborative skill development program in the automotive sector.
  • This partnership will help Tata Motors’ skill development centres across its six plants in India and will comply as per competency levels of the NSQF (National Skills Qualification Framework).
  • Till date, the ASDC has contributed to the development this industry by creating 188 Qualification Packs (QPs) comprising of 938 National Occupational Standards (NOS) related to the automotive sector. Tata Motors’ partnership with ASDC will further enhance the expertise in conducting research, developing training course curriculums and certification of trainers and students, in consultation with experts from the automotive industry and from academia.


ONGC Videsh signs pact with SOCAR Trading for oil trading


  • ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corporation (ONGC), today announced it has signed a Memorandum of Understanding (MoU) with SOCAR Trading SA, the trading arm of Azerbaijan's government-owned energy firm SOCAR, for foraying into oil trading business.
  • The objective of the MoU, signed in Geneva on 27 May, is to explore possibilities of joint marketing of OVL's crude oil portfolio by leveraging SOCAR Trading's experience in oil trading, OVL said in a statement.
  • The Azeri-Chirag-Guneshli (ACG) field is located off the coast of Baku and is said to be the largest oilfield in the Azerbaijan sector of the Caspian basin. OVL had earlier bought a 2.7 per cent stake in the field from US-based Hess for $1 billion.


Appointments –
Surajit Kar Purkaystha

Surajit Kar Purkayastha appointed Director General of West Bengal Police


  • Surajit Kar Purkayastha on 30 May 2016 was appointed the Director General of West Bengal Police.
  • Purkayastha will replace G.M.P Reddy, who retires on 31 May 2016.
  • Director General of Police, Intelligence Branch, Raj Kanojia, three years senior to Purkayastha in the service, has been shifted to the post of Commandant General and DG Home Guards.


Ashok Lavasa takes over as finance secretary
 
Ashok Lavasa
  • Expenditure secretary Ashok Lavasa is the new finance secretary.
  • The appointments committee of the Cabinet has approved the appointment, an official statement said here on Tuesday.
  • The post of finance secretary has been lying vacant since Ratan Watal retired in April. He was also expenditure secretary.
  • The senior most of  the five secretaries in the finance ministry becomes finance secretary.
  • The other secretaries in the North Block are Shaktikanta Das (economic affairs), Hasmukh Adhia (revenue secretary), Anjuly Chhib Duggal (financial services), Neeraj kumar Gupta (disinvestment).


Admiral Sunil Lanba takes charge as Chief of Naval Staff
 
Sunil Lanba
  • Vice Admiral Sunil Lanba took charge as the new Chief of the Naval Staff on Tuesday, as Chief of the Naval Staff Admiral R.K. Dhowan superannuated from service.
  • Born on 17 July, 1957, Vice Admiral Sunil Lanba was commissioned on 1 January, 1978 into the Executive Branch of Indian Navy.
  • During his long and distinguished service spanning nearly 38 years, he has served in a variety of Command, operational and staff appointments.
  • Vice Admiral Lanba's Sea Command includes commanding the minesweeper INS Kakinada, frigate INS Himgiri and Executive Officer of INS Viraat, the aircraft carrier.
  • Before taking over as Flag Officer Commanding-in-Chief (FOC-in-C), Western Naval Command, he was FOC-in-C, Southern Naval Command, Vice Chief of the Naval Staff and Commandant, National Defence College.

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India –

Railways. PEC sign MoU to set up Kalpana Chawla Chair on geospatial technology
 
image of late Kalpana Chawla
  • Ministry of Railways and PEC University of Technology, Chandigarh on 30 May 2016 signed a Memorandum of Understanding (MoU) to set up Kalpana Chawla Chair on Geospatial Technology for Indian Railways at the University.
  • The MoU was signed in the backdrop of 2016-17 Railway Minister’s Budget announcement.
  • For the purpose, the Indian Railways would provide a corpus of 10 Crore rupees to PEC University of Technology, for setting and to meet the running expenses of this chair.

Objective
  • To encourage research activities in Geo-spatial Technology.
  • To strengthen Indian Railways especially Railway projects where use of remote sensing data, global positioning system (GPS) and Geographical information System (GIS) is predominant.

Key highlights
  • This academic chair is being instituted in fond memory of Late Kalpana Chawla an Indo–American Astronaut and Alumnus of PEC during the year 1978-82.
  • To honour her contributions in Aerospace Engineering Indian Railways decided to institute the academic chair in the area of Geo-spatial Technology in her alma mater.
  • Incidentally, Chawla was the first woman of Indian origin in space.


Sports –

Gurpreet Singh Sandhu becomes first Indian to play in Tippeligaen
 
Gurpreet Singh Sandhu
  • National football team goalkeeper Gurpreet Singh Sandhu on 29 May 2016 became the first Indian to play top-tier European football league match. He turned out for Norwegian side Stabaek FC in Norwegian Premier League (Tippeligaen) .

About Gurpreet Singh Sandhu
  • Gurpreet Singh Sandhu signed for Stabaek FC in 2014.
  • He played his first Tippeligaen (Norwegian Premier League) for Stabaek FC on 29 may 2016 and helped the team to claim a dominant 5-0 triumph over IK Start.
  • He made his debut for the Indian national team against Turkmenistan in 2013.
  • He was trained in the Tata Football Academy and represented India at the Under-19 and Under-23 levels.


Alastair Cook becomes youngest cricketer to score 10000 Test runs
 
Alastair Cook
  • England cricket captain Alastair Cook on 30 May 2016 became youngest Cricketer to score 10000 test runs.
  • Cook, who is 31 years, 5 months, 5 days old, achieved the fete on the fourth day of the second test against Sri Lanka at Chester-le-Street by flicking Nuwan Pradeep to the deep mid wicket fence for a boundary. It was his 128th Test.
  • Cook went on to make 47 not out as England won the Test by nine wickets.
  • The previous record was held by Indian legend Sachin Tendulkar who reached the landmark score against Pakistan at Eden Gardens in 2005. He achieved the same at the age of 31 years, 10 months and 20 days.


Real Madrid wins 2015-16 UEFA Champions League

  • Real Madrid on 29 May 2016 won the 2015-16 UEFA Champions League title. In the titled clash, Real Madrid defeated their city rivals Atletico Madrid via a penalty shoot-out following a 1-1 draw.
  • This was Madrid’s 11th European Champion title.
  • Cristiano Ronaldo scored the winning penalty in a 5-3 shootout victory against Atletico Madrid. Atletico earlier lost in their two previous finals appearances.


Days –

World No Tobacco Day 2016 observed across the world


  • The World No Tobacco Day (WNTD) 2016 was observed globally on 31 May 2016.
  • To mark this occasion, the World Health Organisation (WHO) and the Secretariat of the WHO Framework Convention on Tobacco Control called countries to get ready for plain packaging of tobacco products.
  • Every year, on 31 May, the WHO and its partners in close collaboration with the governmental and non governmental agencies organize events, workshops, seminars to raise awareness about the ill effects of tobacco processing, trade and usage among the masses and the policy makers.


World –

42nd G7 Summit concluded in Japan


  • The 42nd G7 Summit was held at Ise-Shima in Japan for 2-days from 26 May to 27 May 2016. During the summit, the member countries discussed a wide range of major global economic and political challenges and approved the G7 Ise-Shima Leaders’ Declaration.
  • The summit assumed significance as it was the first one to be held after the adoption of the 2030 Sustainable Development Agenda by the United Nations in September 2015.
  • During the summit, global economy and trade, climate change and energy, development, health and quality infrastructure investment were discussed by the leaders.


Obituaries –

Veteran TV and film actor Suresh Chatwal passes away


  • Veteran TV and film actor Suresh Chatwal passed away on 29 May 2016 following a brief illness in Mumbai. 
  • The actor was known for his role of Commissioner Suraj Agnihotri in F.I.R .











Regards



Team ExamPundit

Financial Current Affairs Quiz - May, 2016 - Set 5



Hello and welcome to exampunditHere is the  fifth set of Financial Current Affairs Questions for the upcoming Bank Exams. These are based on the Current Affairs from May, 2016. The topics include, news related to finance, industry, MoU, investments, reports related to economy and all the financial awareness.

1. Which of the banks recently partnered with Click&Pay for cashless transactions?
1) HDFC Bank
2) ICICI Bank
3) Axis Bank
4) State Bank of India
5) Yes Bank



2. Which of the following insurance company recently tied up with Coverfox?
1) National Insurance Co. Ltd
2) New India Assurance Co. Ltd
3) Oriental Insurance Co. Ltd
4) United India Insurance Co. Ltd
5) Life Insurance Corporation of India


3. How much amount of loan did World Bank recently approve for Karnataka Urban Water Supply Modernisation project?
1) $100 million
2) $125 million
3) $525 million
4) $625 million
5) $50 million


4. What was the rank of HDFC Bank in the consumer financial services sector on Forbes Global 2000 List 2016?
1) 185th
2) 16th
3) 7th
4) 6th
5) 9th


5. Which of the following companies recently announced to acquire U.K.-based Target Group?
1) Tata Consultancy Services
2) Tech Mahindra
3) Wipro
4) Infosys
5) Reliance Communication



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6. How many Indian companies were featured in the Forbes Global 2000 List 2016?
1) 58
2) 59
3) 56
4) 57
5) 52


7. The govt of India approved the National Capital Goods Policy 2016 with a clear objective of increasing production of capital goods from 2.3 lakh crore rupees in 2014-15 to ________ rupees in 2025.
1) 7.5 lakh crore
2) 7.8 lakh crore
3) 7.2 lakh crore
4) 7.3 lakh crore
5) 8.4 lakh crore


8. Eclat Health Solutions signed MoU with the state government of Telangana to invest ________.
1) $150 million
2) $10 million
3) $25 million
4) $15 million
5) $100 million


9. Yeramarus Thermal Power Station is located in which state?
1) Telangana
2) Andhra Pradesh
3) Karnataka
4) Kerala
5) Chhattisgarh


10. As per the latest Reserve Bank of India data, at the end of March 31st 2015, SBI was ranked one in terms of PoS terminals. Which of the following bank was ranked second?
1) Axis Bank
2) ICICI Bank
3) HDFC Bank
4) Canara Bank
5) Bank of Baroda



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Live Q&A - Reasoning - Inequalities, Puzzles & Seating and Syllogism


Hello and welcome to exampundit . In today's Live Q&A, we will learn Inequalities, Puzzles & Seating and Syllogism problems. You may also help each other on the Reasoning Abilities, but the primary target will be the mentioned three topics.

Topics to learn -

  • Inequalities
  • Seating Arrangments & Puzzles
  • Syllogisms


Those who are new and will participate for the first time,

  1. Do not share links
  2. Make sure when you are putting space in your comments, because if you don't give space, it will turn into a link and go to moderation section
  3. Do not CHAT on irrelevant topics
  4. STICK TO THE MENTIONED TOPIC i.e. Reasoning
  5. Help Each other
  6. If you have any tricks, share with everyone


We expect a healthy & positive discussion.

Our initiators for today,

  1. the fighter
  2. Bahubaali
  3. Chitrarth
  4. S Dixit
  5. Ruchi

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Team ExamPundit

Reasoning Quiz for UIIC AO 2016 - Set 3


Hello and welcome to exampundit. Here is a set of Reasoning Quiz for UIIC AO 2016 based on Statements and Courses of Action and Puzzle.

Rules:


Post answers according to the following format(s)
1-2
2-3
3-4
Or
12345
54213
In case the options are ABCD, use the Appropriate Options.


Do Not Rectify anyone.


If you have any doubt regarding any question of the quiz, kindly ask after the quiz is over i.e answers given.


DO NOT GOOGLE ANSWERS!! IT WILL HAMPER YOUR PREPARATION


Do Not CHAT here. If you have any query, use today’s Ask The Mentor Page.


At least 7 Attempts for Scores.

Exampundit.in reserves the right to choose winner or give scores.

Directions (Q. 1-5): Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer

1) if the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.
2) if the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
3) if the data either in statement I alone or in statement II alone are sufficient to answer the question.
4) if the data even in both statements I and II together are not sufficient to answer the question.
5) if the data in both statements I and II together are necessary to answer the question.

1. Which bag amongst P, Q, R, S and T is the heaviest?
I. Bag Q is heavier than R and S. Bag T is heavier than only bag P.
II. Only three bags are lighter than R. The weight of bag Q is 50 kg, which is 2 kg more than bag R.


2. Are all the five friends – A, B, C, D and E – who are seated around a circular table facing the centre ?
I. A sits to the left of B. B faces the centre. D and E are immediate neighbours of each other. C sits second to the right of E.
II. D sits second to right of C. C faces the centre. Both E and A are immediate neighbours of D. B sits second to the right of A.


3. In a college, five different subjects, viz Physics, Chemistry, Botany, Zoology and Mathematics, are taught on five different days of the same week, starting from Monday and ending on Friday. Is Chemistry taught on Wednesday?
I. Two subjects are taught between Zoology and Mathematics. Mathematics is taught before Zoology. Chemistry is taught on the day immediately next to the day when Physics is taught. Botany is not taught on Friday.
II. Three lectures are scheduled between the lectures of Botany and Zoology. Mathematics is taught immediately before Physics.


4. Is it 9 o’clock now?
I. After half an hour, the minute and the hour hands of the clock will make an angle of exactly 90° with each other.
II. Exactly 15 minutes ago, the hour and the minute hands of the clock coincided with each other.


5. Is F granddaughter of B?
I. B is the father of M. M is the sister of T. T is the mother of F.
II. S is the son of F. V is the daughter of F. R is the brother of T.



Directions (Q. 6-10): Below in each question are given two statements (A) and (B). These statements may be either independent causes or may be effects of independent causes or of a common cause. One of these statements may be the effect of the other statement. Read both the statements and decide which of the following answer choices correctly depicts the relationship between these two statements.

Mark answer 1) if statement (A) is the cause and statement (B) is its effect.
Mark answer 2) if statement (B) is the cause and statement (A) is its effect.
Mark answer 3) if both the statements (A) and (B) are independent causes.
Mark answer 4) if both the statements (A) and (B) are effects of independent causes.
Mark answer 5) if both the statements (A) and (B) are effects of some common cause

6. A. State Govt has ordered immediate ban on airing of certain movie channels on television.
B. A few social activists have come together and demanded ban on telecasting ‘Adult’ movies on television.


7. A. Employment scenario in the country has remarkably improved recently.
B. The number of prospective job-seekers going abroad has increased recently.


8. A. Government has tightened security checks at all important places and also at various public places.
B. Incidences of terrorist attacks are increasing day by day.


9. A. The high court has fixed a time limit for repairing all the roads in the city.
B. Road development authorities in the city are carrying out road repair work on an urgent basis.


10. A. There is an outbreak of several epidemics in the country.

B. There was a worst flood situation ever experienced in the past in most parts of the country.



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Team ExamPundit

English Quiz for UIIC AO 2016 - Set 6


Hello and welcome to exampundit. Here is a set of English Quiz for the upcoming UIIC AO Exam 2016.

Read the followings carefully and answer



Rules:

Post answers according to the following format(s)
1-2
2-3
3-4
Or
12345
54213
In case the options are ABCD, use the Appropriate Options.

Do Not Rectify anyone.

If you have any doubt regarding any question of the quiz, kindly ask after the quiz is over i.e answers given.

DO NOT GOOGLE ANSWERS!! IT WILL HAMPER YOUR PREPARATION

Do Not CHAT here. If you have any query, use today’s Ask The Mentor Page.

At least 7 Attempts for Scores.

Exampundit.in reserves the right to choose winner or give scores.

Directions (Q. 1-10): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

The ______(1) of India as an economic superpower is not reflected in the ______(2) of life enjoyed by its 1.2 billion citizens according to the Human Development Index, which ______(3) India very low among 182 countries. In our performance oriented world, measurement issues have taken on ______(4) importance as what we measure affects what we do. In fact, the French President has established an international commission on the Measurement of Economic Performance and Social Progress owing to his ______(5) and that of others with the current state of statistical information about the economy and society. The big question concerns ______(6) Gross Domestic Product ______(GDP) provides a good measure of living standards. In many cases GDP statistics seem to ______(7) that the economy is doing far better than most citizens feel it is. Moreover, the focus on GDP creates conflicts—while political leaders are told to maximise it, citizens also demand that ______(8) be paid to enhancing security, reducing air, water and noise pollution, all of which actually ______(9) GDP growth. Statistics are ______(10) to summarise what is going on in our complex society; it is therefore obvious that we can’t reduce everything to a single number—GDP.

1. 1) tribute 2) pursuit 3) perception 4 ) conversion 5) title



2. 1) loss 2) quality 3) spirit 4) span 5) joy


3. 1) counted 2) scored 3) qualified 4) regard 5) ranked


4. 1) negligible 2) great 3) unduly 4) trivial 5) considerably


5. 1) obedience 2) confidence 3) belief 4 ) dissatisfaction 5) compliance



6. 1) that 2) unless 3) because 4 ) against 5) whether



7. 1) suggest 2) recommend 3) think 4) point 5) refer



8. 1) compensation 2) respect 3) debt 4 ) attention 5) expense



9. 1) recover 2) lower 3) attain 4) decline 5) shrunk



10. 1) inferred 2) difficult 3) interpret 4) reveal 5) intended




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Team ExamPundit

UIIC AO 2016 - Letter - Letter to editor about Children's Health and Education Issues


Hello and welcome to exampundit. Here is the Letter to editor about Children's Health and Education Issues from the 3rd Part of UIIC AO 2016 Contest. This letter is aced by Arya Stark.

Arya Stark, 
26, Phulchand Niwas,
NDA Road, Mumbai-400006.
31st May, 2016

To, 
The Editor,
The Indian Express,                                                                                                                                               Mumbai-400001

Subject-   Children’s health & education problems in India.
Dear Sir/Ma’am,

      As a child right activist, I am greatly concerned about the children’s development issues. Though the standard of living of our country’s citizens is improving day by day, but we used to see many children begging on the streets daily. It shows that government’s schemes and awareness camps are not yet reach everywhere. Still, many children are facing problems like malnutrition, hunger, etc.  and fighting many diseases without getting any medical help. Lack of sanity and lack of clean drinking water are the main sources to affect the children’s health.

     Along with the health issues, education to every child is another major concern. Today also, there are many children out of the school. In the rural areas, people are not still so concerned about the education and especially girl child’s education. Free basic education programmes have been launched few years ago, but the lack of awareness of the importance of education left the children out of school.  In the cities, the rising cost of education is the biggest worry of the parents.  If the child is not healthy, naturally it is going to affect its other developmental activities. The lack of education later leads to poverty and poverty ultimately goes to degrade the health. And the cycle continues.

     Children are citizens of tomorrow. The healthy and active children are going to become development force to the nation. Only providing food is not the solution, proper food diet containing nutrition, vitamins, proteins, fibre is required. Also, better education is the key to progress of children. Through this letter I want to draw your attention to these issues, so that through this medium we can spread the awareness among the people.

Yours faithfully

Arya Stark



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Team ExamPundit

Gist PDF of Live Q&A - Quantitative Aptitude - Interest, Profit & Loss and Time & Distance


Hello and welcome to exampundit.So yesterday we held the first Live Q&A on Quantitative Aptitude. It was highly appreciated by everyone. Our beloved Bahubaali has shared the gist of the live Q&A in a PDF.

The topics of yesterday were Interest, Profit & Loss and Time, Distance & Wages.






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Thank you a million times Bahubaali for your dedication and love :)


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Team ExamPundit

Ask The Mentor - 31 May, 2016





Hello and welcome to exampundit . Here is the Daily Page where you can ask any question related to you Exam, Materials, Career or anything.

If you have any query regarding our Materials, Exam preparation Tip or any Unresolved Problems(which are not copied from other portals), just drop it in the comment box.


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In case you have answers for someone else's query, please resolve it asap.

  1. Mentor from Aspirants: Nisha Gautam [ABSENT]
  2. Mentor from Aspirant [SSC] - S Dixit
  3. Mentor from Exampundit: Anubhab
  4. Mentor from Aspirants [SSC} - Gaurav Monga
  5. Mentor from Aspirants - Optimus Prime





If you want to share anything with us, kindly shoot an email to admin@exampundit.in



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Team ExamPundit

Monday, May 30, 2016

Current Affairs Update – 29th – 30th May, 2016

Hello and welcome to exampundit. Here are the Important Current Affairs of 29th and 30th May, 2016. These are very important for the upcoming UIIC AO 2016, SBI PO & SBI Clerk Mains 2016.

Current Affairs at a Glance – 29th – 30th May, 2016
  1. Yes Bank has partnered with Click&Pay, a Hyderabad-based mobile payment solutions enterprise, to facilitate cashless, secure and flexible transactions for customers.
  2. State Bank of India-country's largest lender-has established the largest network of Point of Sales (PoS) machines in the country. With this it has left behind rivals like HDFC Bank, Axis Bank, ICICI Bank and other private and foreign lenders behind.
  3. The government has commissioned 1,780 km of rail lines and also completed over 6,000 km of highways in 2015-16 period, the Prime Minister's Office said in a statement on Monday.
  4. Second submarine assembly workshop of the Mazagon Dock Limited (MDL) was inaugurated by Defence Minister Manohar Parrikar on 28 May 2016.
  5. Nine-coach Spanish train Talgo’s trial run was conducted on 29 May 2016 on the Bareilly-Moradabad route of Uttar Pradesh. It was conducted as part of the Railways’ strategy to increase the speed of trains.
  6. Legendary Oscar winning Indian music composer A.R. Rahman was on Monday awarded Japan's Fukuoka prize for 2016. The Fukuoka Prize is an award established by the city of Fukuoka and the Yokatopia Foundation to honor the outstanding work of individuals or organizations in preserving or creating Asian culture. There are three prize categories: Grand Prize, Academic Prize, and Arts and Culture Prize.
  7. An Indian-American scientist Aranb De has received the prestigious 'Springer Theses Award' for his outstanding research on developing transgenic mice to study a critical tumor-suppressor.
  8. Aditi Krishnakumar, an Indian woman author in Singapore, in fourth week of May 2016 won the 'Scholastic Asian Book Award'.
  9. Senior IRS officer Pankaj Kumar Mishra was appointed chief of Financial Intelligence Unit (FIU), tasked with checking suspicious bank and cash transactions, as part of a major mid-level bureaucratic reshuffle effected today.
  10. Sunrisers Hyderabad (SRH) on 29 May 2016 won the ninth edition of the Indian Premier League (IPL). In the final clash played at the Chinnaswamy stadium in Bangalore, Sunrisers Hyderabad defeated Royal Challengers Bangalore (RCB) by eight runs.
  11. The International Day of United Nations Peacekeepers 2016 was observed on 29 May 2016 with the theme Honouring Our Heroes.



Banking/Economy –

Yes Bank partners with Click&Pay for cashless transactions
 
Yes Bank partners with Click&Pay for cashless transactions
Image for representation
  • Yes Bank has partnered with Click&Pay, a Hyderabad-based mobile payment solutions enterprise, to facilitate cashless, secure and flexible transactions for customers.
  • As a part of this alliance Click&Pay will issue Yes Bank sponsored mobile wallets and employ the bank's immediate payment service (IMPS) platform which will help Click&Pay to process instant proximity transactions with merchants and person to person.
  • Last month Yes Bank signed a memorandum of understanding with Hyderabad start-up incubation center, T-Hub to work with the latter's portfolio companies, including Click&Pay. This mobile payment solutions start-up will reach out to around 1 million users this year by issuing the Yes Bank sponsored mobile wallet, according to a statement.


SBI tops the point-of-sales network list
 
SBI tops the point-of-sales network list
Representational Image
  • State Bank of India-country's largest lender-has established the largest network of Point of Sales (PoS) machines in the country. With this it has left behind rivals like HDFC Bank, Axis Bank, ICICI Bank and other private and foreign lenders behind.
  • As per the latest Reserve Bank of India data, at the end of March 31st 2015 SBI has 2.96 lakh PoS terminals across the country, more than HDFC Bank's 2.81 lakh, Axis Bank's 2.58 lakh terminals and ICICI Bank's over 2 lakh PoS machines. These four lenders together dominate this space and contribute to more than three fourth of the total 13.63 lakh PoS terminals deployed in the country.
  • Going ahead SBI plans to keep up with the pace of expansion of its merchant acquiring business by deploying more machines.
  • The lender is not only focusing on urban areas but has also been deploying these PoS machines in semi-urban and rural area as well.
  • This comes at a time when both the finance ministry and the Reserve Bank of India have been asking banks to expand the PoS network to ensure a wider card acceptance infrastructure. In fact, the finance ministry has recently set up a committee which will focus on reducing cash transactions and one of its key focus areas also includes expanding the PoS network.


1,780 km rail lines commissioned; 6,000 km highways built in 2015-16
 
1,780 km rail lines commissioned
Representational Image
  • The government has commissioned 1,780 km of rail lines and also completed over 6,000 km of highways in 2015-16 period, the Prime Minister's Office said in a statement on Monday.
  • Prime Minister Narendra Modi was reviewing the progress in the key infrastructure sectors of railways and roadways on Monday. The PMO said that 1,730 km of rail links have also been electrified in 2015-16.
  • In the course of the review of the railway sector, it was noted that it had received a capital investment of over Rs.93,000 crore in the last financial year.


India –

Manohar Parrikar inaugurates second submarine assembly workshop in Mazgaon
 
Manohar Parrikar inaugurates second submarine assembly workshop in Mazgaon
Submarine assembly workshop in Mazgaon
  • Second submarine assembly workshop of the Mazagon Dock Limited (MDL) was inaugurated by Defence Minister Manohar Parrikar on 28 May 2016.
  • After inaugurating the workshop, Parrikar said that the level of indigenisation in submarine construction should be much higher than the present.
  • At present, MDL is building six Scorpene class of submarines for the Indian Navy, with around 35% of indigenisation.
  • INS Kalvari, the first submarine of this class, is expected to join the Indian Navy by end of 2016.


Trial run of High-Speed Spanish Talgo Train conducted in India
 
Talgo's Trial Run
Talgo's Trial Run
  • Nine-coach Spanish train Talgo’s trial run was conducted on 29 May 2016 on the Bareilly-Moradabad route of Uttar Pradesh. It was conducted as part of the Railways’ strategy to increase the speed of trains.
  • The trail run was conducted by a joint team of the Railway Design Standards Organisation (RDSO) and Spanish train manufacturer Talgo.
  • The nine-coach Talgo train hauled by a 4500 HP diesel engine was tested on the 90-km line as part of the first trial run. The 90-km distance was covered in 1 hour 10 minutes.


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Awards & Honors –

A R Rahman conferred with Japan's Fukuoka prize 2016
 
A R Rahman
A R Rahman
  • Legendary Oscar winning Indian music composer A.R. Rahman was on Monday awarded Japan's Fukuoka prize for 2016.
  • It is reported that Rahman has been conferred with the award for his outstanding contribution towards creating, preserving and showcasing South Asian traditional fusion music.
  • The Fukuoka Prize is an award established by the city of Fukuoka and the Yokatopia Foundation to honor the outstanding work of individuals or organizations in preserving or creating Asian culture. There are three prize categories: Grand Prize, Academic Prize, and Arts and Culture Prize.
  • Last year, noted Indian Historian Ramchandra Guha was conferred with Fukuoka Prize in academic category.
  • Rahman was the 1995 recipient of the Mauritius National Award and the Malaysian Award for his contributions to music. A four-time National Film Award winner and recipient of six Tamil Nadu State Film Awards, he has fifteen Filmfare Awards in his kity.
  • In 2009, for his Slumdog Millionaire score, Rahman won the Broadcast Film Critics Association Award, the Golden Globe Award for Best Original Score, the BAFTA Award for Best Film Music and two Academy Awards (Best Original Score and Best Original Song, the latter shared with Gulzar) at the 81st Academy Awards.


Indian-American scientist Arnab De wins Springer Theses Award
 
Arnab De(Left)
  • An Indian-American scientist has received the prestigious 'Springer Theses Award' for his outstanding research on developing transgenic mice to study a critical tumor-suppressor.
  • Arnab De , who has also developed peptide-based prodrugs as therapeutics for diabetes, was nominated by New York's Columbia University for his PhD thesis which he dedicated to legendary Indian cricketer Sachin Tendulkar and his alma mater Kolkata's Presidency University .
  • De, who has also received the 'Young Investigator Award' at the American Peptide Symposium , was awarded for developing transgenic mice to study a critical tumor-suppressor A20.
  • The Springer Theses Award is awarded by Springer, a leading global publisher of renowned scientific journals and books, to recognise outstanding PhD research.


Indian author Aditi Krishnakumar wins 2016 Scholastic Asian Book Award

Aditi Krishnakumar
Aditi Krishnakumar

  • Aditi Krishnakumar, an Indian woman author in Singapore, in fourth week of May 2016 won the 'Scholastic Asian Book Award'. She was awarded for her 32000-word manuscript "Codex: The Lost Treasure of the Indus".
  • She won the 10000 Singapore dollar award for her manuscript that carried contemporary feel and roots deep into history of India. The manuscript will be published by Scholastic Asia.


President Pranab Mukherjee presented Malti Gyan Peeth Puraskar 2016

  • The President of India Pranab Mukherjee on 29 May 2016 presented the Malti Gyan Peeth Puraskar for the year 2016 at a function held at Rashtrapati Bhavan.
  • The award was conferred upon 15 teachers from Punjab for their rare contribution in the field of education.
  • The awardees were facilitated with 1 lakh rupees cash, certificate of excellence, a Robe of Honour and a medal.
  • The initiative was mainly taken to promote the quality teaching in the schools besides encouraging the hundred percent attendance of girl students in the government schools.


Appointment –

Pankaj Kumar Mishra appointed Financial Intelligence Unit chief
 
Financial Intelligence Unit
Official Logo
  • Senior IRS officer Pankaj Kumar Mishra was appointed chief of Financial Intelligence Unit (FIU), tasked with checking suspicious bank and cash transactions, as part of a major mid-level bureaucratic reshuffle effected today.
  • A total of 15 new Joint Secretaries, including Mishra, have been appointed to various central government ministries. Of them, six are IAS officers and rest from other central services.
  • The Appointments Committee of Cabinet has approved appointment of Mishra as Director, FIU for five years, an order issued by Department of Personnel and Training said.
  • FIU, which functions under Department of Revenue, is mandated to collect, analyse and disseminate information related to financial transactions suspected to be black money or proceeds of crime.
  • He has been appointed in place of P K Tiwari, who had completed his tenure in mid-April. Enforcement Director Karnal Singh has been looking after the charge of FIU chief.
  • Senior IAS officer Rajeev Ranjan has been appointed as Joint Secretary in Department of Expenditure in place of G C Murmu, who had been earlier made Additional Secretary in Department of Financial Services.


Sports –

SRH defeated RCB to win Indian Premier League 2016 title
 
SRH lifting trophy
SRH lifting trophy
  • Sunrisers Hyderabad (SRH) on 29 May 2016 won the ninth edition of the Indian Premier League (IPL). In the final clash played at the Chinnaswamy stadium in Bangalore, Sunrisers Hyderabad defeated Royal Challengers Bangalore (RCB) by eight runs.
  • This was maiden Indian Premier League title for Sunrisers Hyderabad, while third final lost for Bangalore in the IPL. Earlier, it lost in finals of 2009 and 2011 editions.
  • Chasing the target of 209 runs, Bangalore got off to a flying start as Chris Gayle (76) and Skipper Virat Kohli (54) laid a perfect platform and forged 114-run partnership. But after the fall of the openers, no other batsman could contribute much as a result they only managed to score 200 runs for seven in 20 overs.


  • Player of the match – Ben Cutting (Sunrisers Hyderabad)
  • Player of the series - Virat Kohli (Royal Challengers Bangalore)


Discus thrower Seema Punia qualifies for Rio 2016 Olympics

  • Asian Games discus throw gold medal winner Seema Punia on 29 May 2016 qualified for the Rio Olympics with a 62.62m effort at the Pat Young's Throwers Classic 2016 at Salinas in the United States.
  • Punia crossed the Rio Games qualification standard of 61.00m at the Hartnell College Throwers Complex.
  • The 32-year old discus thrower from Haryana defeated 2008 Olympic discus throw champion Stephanie Brown-Trafton of United States of America for the gold.
  • This will be Punia’s third Olympic Games appearance. She took part in the games in 2004 and 2012.


Days –

International Day of United Nations Peacekeepers 2016 observed with theme Honouring Our Heroes
 
UN Peacekeepers Day
  • The International Day of United Nations Peacekeepers 2016 was observed on 29 May 2016 with the theme Honouring Our Heroes.
  • The day offers a chance to pay tribute to the Blue Helmets’ invaluable contribution to the work of the Organization and to honour more than 3400 peacekeepers who have lost their lives serving under the UN flag since 1948, including 128 in 2015.
  • On the other hand, the UN Postal Administration (UNPA) also issued a set of six new stamps for the occasion.








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Team ExamPundit