Wednesday, August 31, 2016

Current Affairs Update – 31st August, 2016

Hello and welcome to exampundit . Here are the important Current Affairs for 31 August, 2016. These are important for the upcoming IBPS PO VI Mains, Bank of Baroda and Bank of Maharashtra PO Exams.


Current Affairs at a Glance– 31st August, 2016
  1. Indian economy grew at the slowest pace in last six quarters at 7.1 per cent in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.
  2. National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India, has launched a pilot project for Bharat Bill Payment System (BBPS) with 26 Bharat Bill Payment Operating Units (BBPOUs).
  3. Credit Analysis and Research Ltd (CARE Ratings) today said it has signed agreements with two companies to set up a credit rating agency in Nepal.
  4. Jharkhand is the first state in the country to have implemented Public Fund Management System (PFMS), an official release said here today.
  5. Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Ltd (ZEE) and its subsidiaries for $385 million (Rs 2,600 crore).
  6. Extending the Prime Minister's Digital India vision, the Government of Goa on Tuesday signed a Memorandum of Understanding (MoU) with Google India to promote digital literacy and drive digital transformation across the State. As a first step to realize this vision, the Goa State Government will launch 'Internet Safety Education’ ​for students in Goa in association with Google India.
  7. Gujarat in the last week of August 2016 has become the first state to distribute 2 crore LED bulbs under Unnat Jyoti by Affordable LEDs for All (UJALA) scheme. The state achieved the milestone in only 96 days. Over 42 lakh households have benefitted from the scheme.
  8. India’s 100-year-old athlete, Man Kaur, on 30 August 2016 won Gold medal at the American Masters Games in the 100-meter dash. She took a minute-and-a-half to cross the finish line in Vancouver.



Finance/Banking –

GDP growth slows down to 7.1%


  • Indian economy grew at the slowest pace in last six quarters at 7.1 per cent in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.
  • GDP had recorded 7.5 per cent growth in the April-June quarter of last fiscal and 7.9 per cent in January-March quarter. The previous low was 6.6 per cent GDP growth in the October-December quarter of the 2014-15 fiscal.
  • According to the data released by the Central Statistics Office (CSO), the Gross Value Added (GVA), which is estimated at the base price, showed a growth of 7.3 per cent in the first quarter of 2016-17.
  • The Gross Domestic Product (GDP) growth data is calculated under the new methodology at market price, while GVA is calculated primarily at factor cost. GDP is GVA plus taxes on products minus subsidies on them.
  • The economic activities which registered growth of over 7 per cent in the April-June quarter, over year-ago period, are manufacturing; electricity, gas, water supply & other utility services; trade, hotels, transport & communication and services related to broadcasting; financial, insurance, real estate and professional services and public administration, defence and other services.
  • Growth in agriculture; forestry and fishing; mining & quarrying and construction is estimated to be 1.8 per cent, (-) 0.4 per cent, and 1.5 per cent respectively.

NPCI launches pilot project for Bharat Bill Payment System


  • National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India, has launched a pilot project for Bharat Bill Payment System (BBPS) with 26 Bharat Bill Payment Operating Units (BBPOUs).
  • In the first phase, BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH).
  • BBPS is the Reserve Bank of India (RBI) mandated system which will provide interoperable bill payment services to customers. It is an integrated platform connecting banks and non-bank entities in bill aggregation business like billers, payment service providers, retail bill outlets etc.
  • As on date, 62 entities have received in-principle approval from RBI to function as Operating Units (OU), out of which 52 are banking entities and 10 are non-banking entities.
  • NPCI functions as the authorised Bharat Bill Payment Central Unit (BBPCU). It will undertake clearing and settlement activities related to transactions routed through BBPS.
  • The RBI authorised BBPOUs will on-board billers, aggregators and payment gateways. They would also set up agent network and customer touch points to handle bill payments through different delivery channels including self-service, assisted, electronic and manual modes.
  • Banking sector participants in BPPS pilot include AP Mahesh Co-operative Urban Bank, Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, Indian Bank, Punjab National Bank, State Bank of India, The Saraswat Co-Op Bank.
  • Non-Bank participants in BPPS pilot include Avenues India Pvt. Ltd, Common Service Centre, Euronet Services India Pvt. Ltd, IndiaIdeas.com (Billdesk), ITZ Cash Card Ltd, One97 Communications Ltd (Paytm), Oxigen Services India Pvt. Ltd.

CARE to launch credit agency in Nepal, inks MoU


  • Credit Analysis and Research Ltd (CARE Ratings) today said it has signed agreements with two companies to set up a credit rating agency in Nepal.
  • As per the MoU, CARE Ratings will hold 51 per cent equity worth Rs 2 crore while Vishal Group will own 19 per cent and Emerging Nepal 10 per cent.
  • The balance 20 per cent would be held by banks, Insurancecompanies, FIs and corporate bodies in Nepal subject to a maximum of 9 per cent legal entity, it added.
  • Vishal Group is a public limited company in financial services. Emerging Nepalis a company engaged in venture capital activities.
  • The rating agency has started CARE Ratings Africain 2015, and it also partnered with ARC Ratings as part of its global ambition.

Jharkhand becomes first state to implement PFMS


  • Jharkhand is the first state in the country to have implemented Public Fund Management System (PFMS), an official release said here today.
  • Development Commissioner Amit Khare said Union Finance Secretary Ashok Lavasa appreciated the implementation of Jharkhand's public fund management system.
  • Lavasa's appreciation came during a video conference with finance secretaries from all states, it said.
  • Khare told Lavasa that all the 32 treasuries across Jharkhand were computerised and cyber treasury was established, the release added.

Sony Pictures Networks to acquire TEN Sports for $385 mn


  • Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Ltd (ZEE) and its subsidiaries for $385 million (Rs 2,600 crore).
  • The completion of the acquisition is subject to regulatory approval.
  • The acquisition will add South Asia’s leading sports network to SPN’s existing portfolio of channels.
  • The TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, and TEN Sports that operate in several countries, including the Indian sub-continent, Maldives, Singapore, Hong Kong, West Asia and Caribbean.
  • TEN Sports holds broadcast rights to major cricket boards (South Africa, Pakistan, Sri Lanka, West Indies and Zimbabwe).


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India –

Goa signs an MoU with Google India to promote digital literacy


  • Extending the Prime Minister's Digital India vision, the Government of Goa on Tuesday signed a Memorandum of Understanding (MoU) with Google India to promote digital literacy and drive digital transformation across the State.
  • Chief Minister Laxmikant Parsekar ​and Vice President, Google South East Asia and India ​Rajan Anandan, ​ signed the MoU.
  • As a first step to realize this vision, the Goa State Government will launch 'Internet Safety Education’ ​for students in Goa in association with Google India. The State government has given a nod to include internet safety education as part of the school curriculum of classes IX and XII in government schools across the State.
  • Google has created a curriculum in consultation with experts, developed and shared modules for integration in curriculum. As part of the program, Google India has initiated teacher trainings and will soon expand to cover 460 schools, teaching over 80,000 students on how to stay safe online, said Mr. Rajan Anandan.
  • Chief Minister Parsekar said that this step will be a turning point in the field of IT in Goa and will be known as one of the milestones.

Gujarat becomes first state to distribute 2 crore LED Bulbs under UJALA


  • Gujarat in the last week of August 2016 has become the first state to distribute 2 crore LED bulbs under Unnat Jyoti by Affordable LEDs for All (UJALA) scheme.
  • The state achieved the milestone in only 96 days. Over 42 lakh households have benefitted from the scheme.
  • The distribution of 2 crore LED bulbs has led to an annual energy savings of 259 crore kWh, which is equivalent to lighting up 5 lakh Indian homes for an entire year. Besides, Gujarat has also benefitted from daily CO2 emission reduction of 5000 tonnes.
  • Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is distributing approximately 2 lakh bulbs daily in Gujarat.
About Unnat Jyoti by Affordable LEDs for All
UJALA was launched by Prime Minister Narendra Modi on 1 May 2015.
The scheme replaced the Bachat Lamp Yojana.
Within 1 year of its launch, 9 crore LED bulbs were sold in the country, reducing their electricity bills by 55 billion rupees.

MoUD and Amar Chitra Katha signs MoU to publish and distribute comic book on Swachh Bharat Mission

  • The Ministry of Urban Development (MoUD) on 31 August 2016 signed a Memorandum of understanding (MoU) with Amar Chitra Katha to publish and distribute a special edition of a comic book. The comic book will focus on Swachh Bharat Mission.
  • The 32-page comic book will carry messages pertaining to sanitation and solid waste components of Swachh Bharat Mission.

Key highlights of the comic book
  • The book would comprise a series of inspirational stories from the mission, cleanliness rankings of cities, the public figures and ambassadors, environmental impact.
  • It will also contain stories of individuals and organizations that can inspire children to the concept of Swachhata.
  • There will be an interactive workbook of tips and tricks, which children can use to clean their own areas.
  • It will also include a section about how to organize community cleanliness drives.
  • Amar Chitra Katha will be developing and creating the special edition comic book in English. It will also be translated into Hindi.


Sports –

Man Kaur, 100-year-old athlete from India, wins Gold Medal at Masters Games


  • India’s 100-year-old athlete, Man Kaur, on 30 August 2016 won Gold medal at the American Masters Games in the 100-meter dash. She took a minute-and-a-half to cross the finish line in Vancouver.
  • Kaur from Chandigarh was the only female competitor in her age category at the competition for older athletes.
  • Earlier, she won gold medals in the javelin and shot put. Kaur has now won more than 20 medals in Masters Games across the globe.
  • The World Masters Games is an international multi-sport event that takes place every four years, with regional games in between. The average age of the athletes is 49, and there's one man who is even older than Kaur 101-year-old Nihal Gill of Richmond, British Columbia.




Regards



Team ExamPundit

Abhinav's Reasoning Challenges for Bank PO Exams 2016 - 31 August, 2016


Hello and welcome to exampundit . So here is the Abhinav's Reasoning Challenges for Bank PO Exams 2016.

The rules are same as the fighter's puzzle challenges(which is coming back).



Abhinav will conduct and help everyone along with the fighter and Chitrarth who will monitor/feature/delete any other comments.

Directions (1-5): In each of the questions below are given four statements followed by four conclusions numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance with 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:
a. All pencils are pens.
b. Some pens are syrups.
c. All syrups are needles.
d. Some needles are syringes.


Conclusions:
I. Some needles are pens.
II. Some pens are pencils.
III. Some syringes are needles.
IV. Some needles are syrups.

(1) None follows  
(2) Only I and II follow
(3) Only I, II and III follow 
(4) Only II, III and IV follow 
(5) All follow




2. Statements:
a. All dusters are bins.
b. All bins are sepals.
c. No sepal is a root.
d. All roots are flowers.

Conclusions:
I. No flower is a bin.
II. No duster is a root.
III. All dusters are sepals.
IV. All flowers are roots.

(1) Only I and II follow  
(2) Only III follow
(3) Only I, II and III follow 
(4) All follow  
(5) None of these




3. Statements:
a. All bulbs are lamps.
b. All lamps are stands.
c. Some stands are pens.
d. Some pens are benches.

Conclusions:
I. Some benches are bulbs.
II. Some lamps are benches.
III. Some pens are bulbs.
IV. Some pens are lamps.

(1) None follows 
(2) Only I and II follow
(3) Only II and IV follow 
(4) Only III and IV follow
(5) Only I, II and IV follow



4. Statements:
a. Some rulers are erasers.
b. All erasers are metals.
c. Some metals are papers.
d. All papers are bands.

Conclusions:
I. Some bands are rulers.
II. Some erasers are bands.
III. Some papers are rulers.
IV. Some metals are rulers.

(1) Only I and III follow  
(2) Only I and II follow
(3) Only II and III follow  
(4) Only II and IV follow 
(5) None of these



5. Statements:
a. Some houses are beads.
b. Some beads are cycles.
c. Some cycles are tubes.
d. Some tubes are rains.

Conclusions:
I. Some tubes are beads.
II. Some cycles are houses.
III. No bead is tube.
IV. Some rains are cycles.

(1) Only I follows  
(2) Only either I or III follows
(3) Only I and II follow  
(4) Only either I or III and IV follow
(5) None of these

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Directions (6-10): Below is given a passage followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity. Mark answer
(1) if the inference is “definitely true”, i.e. it properly follows from the statement of facts given.
(2) if the inference is “probably true” though not “definitely true” in the light of the facts given.
(3) if the “data are inadequate”, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(4) if the inference is “probably false” though not “definitely false” in the light of the facts given.
(5) if the inference is “definitely false”, ie it cannot possibly be drawn from the facts given for it contradicts the given facts.

A study conducted by a committee, titled “World Class in India”, found the Indian bicycle industry to be globally competitive. It projected the demand to grow from 117.2 lakh units in 2009-10 to 129.5 lakh units in 2010-11. However, all this has changed drastically post-imposition of excise duty. According to All India Cycle Manufacturers’ Association (A1CMA). the production figure would be in the vicinity of 100 lakh units. It says that against the net gain of excise duty of Rs 50 crore. the Government has lost 29 lakh bicycles. Even if one assumes that the production is less by 29 lakh units, the Government will lose Rs 122 per bicycle, which is the excise duty paid actually on inputs by manufacturers. Thus the Government has lost Rs 35 crore. Not to forget the losses in terms of 2 per cent central sales tax (CST) and the state taxes which vary from 4-8 per cent. Assuming an average of 6 per cent states tax and 2 per cent CST, the Government has lost another Rs 25 crore.

6. In the total bargain it seems that there will be a net loss of Rs 10 crore to the government.

7. There will be no decline in domestic demand of bicycle in 2010-11.

8. AICMA acts as a liaisoning body with the government to highlight the industry’s problem.

9. The reason for India’s export success in the past is the large home base ofthe bicycle.

10. Imposition of excise duty has unnerved the Indian bicycle industry.





Regards



Team ExamPundit

NABARD Development Assistant 2016 - Notification


Hello and welcome to exampundit . NABARD has issued a recruitment notification of Development Assistant in various states.

Dates:
Commencement of on-line registration of application
30/08/2016
Closure of registration of application
20/09/2016
Closure for editing application details
20/09/2016
Last date for printing your application
05/10/2016
Online Fee Payment
30/08/2016 to 20/09/2016








Vacancies
SC           12
ST           7
OBC       10
UR          56
Total      85

Educational Qualifications (as on 31‐07 ‐2016)
Development Assistant: i) At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on Computer.
ii) Candidates applying for post in a particular state should be proficient in the language of the state i.e. know to read, write, speak and understand the language. Candidate should also be able to write and speak English.


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Age (as on 31‐07‐2016):
Between 18 and 35 years. Candidates must have been born not earlier than 01-08- 1981 and not later than 31-07-1998 (both days inclusive) are only eligible to apply.


 Scheme of Selection : 

The selection process will involve two phases viz. Preliminary and Main Exam. Both the exams will be held online.







Regards



Team ExamPundit

Ask The Mentor - 31 August, 2016





Hello and welcome to exampundit . Here is the Daily Page where you can ask any question related to your 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 exampundit [SSC] - S Dixit
  2. Mentor from exampunditAnubhab
  3. Mentor from exampunditGaurav Monga
  4. Mentor from Aspirants: the fighter
  5. Mentor from Aspirants: Baahubali
  6. Mentor from Aspirants: Chitrarth
  7. Mentor from Aspirants - Optimus Prime
Nisha Gautam still and will be a Mentor :)



Rules for Ask The Mentor Page (In short ATM Page):
1) The first one to Comment Good Morning, he/she shall be replied with a greeting. No need to post new comments as Good Morning.
2) If you want to share something,
↳ a) if it is not lengthy, post there in ATM Page
     ↳ i) Make sure it is not a quote or story
b) if it is a long passage, mail us at exampundit@gmail.com
3) If there are no results coming up(major ones), no need to share quotes and increase comments. How you help, is what really matters not how many quotes you are sharing
4) You can Chat in ATM Page only if you
   ↳(a) Help everyone in the page
      (b) Participate in Quiz on a Regular Basis
      (c) Contribute by providing helpful materials
5) Everyone here is hoping to have a peaceful job to settle his/her career, so HELP EACH OTHER rather than Motivating.




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




Regards



Team ExamPundit

Tuesday, August 30, 2016

Current Affairs Update – 30th August, 2016

Hello and welcome to exampundit . Here are the important Current Affairs for 30th August, 2016. These are important for the upcoming IBPS PO VI Mains, Bank of Baroda and Bank of Maharashtra PO Exams.


Current Affairs at a Glance – 30th August, 2016
  1. Public sector Canara Bank said on Tuesday it has launched an Unified Payment Interface (UPI) app named "empower". The mobile app works on NPCI (National Payments Corporation of India) platform and enables bank customers pay and collect using this single app, the bank said.
  2. India's largest private sector lender ICICI Bank, announced the launch of 'Unified Payments Interface' (UPI) on two of its customer facing mobile banking applications - 'Pockets' and 'iMobile'. The app is available for download on the android Play Store.
  3. India and the United States on 29 August 2016 signed Logistics Exchange Memorandum of Agreement (LEMOA). The logistics agreement will enable the forces of the two nations to use each other’s bases for repair and replenishment of supplies.
  4. Prime Minister Narendra Modi on 30 August 2016 launched the first phase of SAUNI (Saurastra Narmada Avataran Irrigation) project at Sanodara of Jamnagar district of Gujarat. SAUNI is a project that aims to solve the water problems of a parched Saurashtra.
  5. The Madhukar Gupta Committee on border protection submitted its report to the Home Minister Rajnath Singh on 29 August 2016.
  6. SBI Mutual Fund today said it has appointed Anuradha Rao as its Managing Director and Chief Executive.
  7. Noted filmmaker and actor Rajinikanth’s daughter Aishwaryaa Dhanush was on Monday appointed United Nations Women’s Advocate for Gender Equality and Women’s Empowerment in India.
  8. Microsoft on Tuesday announced that Bala Girisaballa will be leading Microsoft Accelerator in India as CEO-in-Residence.
  9. National Sports Day was observed across India on 29 August 2016. The day is celebrated to mark the birth anniversary of the legendary hockey player Dhyan Chand who was born on 29 August 1905.
  10. Indian wrestler Yogeshwar Dutt's bronze medal from the London Olympics has been upgraded to silver after second-place finisher late Besik Kudukhov of Russia was stripped off his medal for failing a dope test.
  11. Eminent author Padma Sachdev was awarded the prestigious Saraswati Samman for the year 2015 for her autobiography 'Chitt-Chete' written in Dogri language. She was felicitated by Delhi's Lt Governor Najeeb Jung in New Delhi on 29 August 2016.




Finance/Industry/Banking –

Canara Bank launches UPI mobile app "empower"


  • Public sector Canara Bank said on Tuesday it has launched an Unified Payment Interface (UPI) app named "empower".
  • The mobile app works on NPCI (National Payments Corporation of India) platform and enables bank customers pay and collect using this single app, the bank said.
  • The mobile app is available for download from Google play store, the bank said in a release here, adding it was launched at the Board of Directors' conclave on Monday.
  • According to the release, the app helps customers create a virtual payment address to pay and collect money from anyone without disclosing their account related information, link their bank accounts across banks in a single app, among other things.
  • Non-Canara Bank customers can also use this application to link accounts held in other banks and use it for a host of financial and non-financial services, the release said.

ICICI Bank goes live on Play Store with its UPI app


  • India's largest private sector lender ICICI Bank, announced the launch of 'Unified Payments Interface' (UPI) on two of its customer facing mobile banking applications - 'Pockets' and 'iMobile'. The app is available for download on the android Play Store.
  • UPI enables bank account holders (of banks participating in UPI) to send and receive money using a Virtual Payment Address (VPA) without entering additional bank account details.
  • UPI is available on 'iMobile', the bank's mobile banking application for its customers and on 'Pockets', its digital bank for peer-to-peer and e-commerce payments for even non-ICICI Bank customers. Anyone, including non-ICICI Bank customers can access UPI by creating their VPA on 'Pockets'.

India, US signed LEMOA


  • India and the United States on 29 August 2016 signed Logistics Exchange Memorandum of Agreement (LEMOA). The logistics agreement will enable the forces of the two nations to use each other’s bases for repair and replenishment of supplies.
  • The agreement was signed in Pentagon during Defence Minister Manohar Parrikar’s visit to the US. The two leaders had agreed on the memorandum in principle when they last met in India in April 2016.
Highlights of the agreement

  • It makes joint operations easier and more efficient.
  • It does not allow each nation to set up bases on the other, but to use bases and equipment only for operating together when they choose to.

India, Myanmar signed four agreements to boost bilateral cooperation


  • India and Myanmar on 28 August 2016 signed four Memorandum of Understanding (MoU) to enhance cooperation and bilateral relations between the two countries.
  • The pacts were inked after delegation level talks between Prime Minister Narendra Modi and visiting President of Myanmar U Htin Kyaw in New Delhi. President Kyaw was on a four day visit to India from 27 August to 30 August 2016.
The four agreements signed include

  • MoU on cooperation in the construction of 69 Bridges including AP Aproach Roads in the Tamu-Kyigone-Kalewa Road Section of the Trilateral Highway in Myanmar.
  • MoU on cooperation in the construction / upgradation of the Kalewa – Yagyi Road Section.
  • MoU on cooperation in the Field of Renewable Energy.
  • MoU on cooperation in the field of Traditional Systems of Medicine.

India –

PM Modi launches first phase of SAUNI project in Jamnagar, Gujarat


  • Prime Minister Narendra Modi on 30 August 2016 launched the first phase of SAUNI (Saurastra Narmada Avataran Irrigation) project at Sanodara of Jamnagar district of Gujarat. SAUNI is a project that aims to solve the water problems of a parched Saurashtra.
  • Under the project, nearly 10 dams and reservoirs of Rajkot, Jamnagar and Morbi will be filled up with the water of Narmada River.
  • The 12000 crore rupees project will fill up nearly 115 dams of Saurashtra region which faces shortage of water for irrigation and drinking purposes.
  • Saruashtra, which comprises 11 districts, faces drought like situation often and has been reeling under severe water scarcity due to scanty rainfall in the last two years. This project is considered to be an ambitious one for PM Modi. It was announced in 2012 when Modi was the Chief Minister of Gujarat.
Saurashtra Narmada Avtaran Irrigation Yojana (SAUNI Yojana)

  • Sauni Yojana has been launched to divert one MAFt excess over flowing flood water of Narmada allocated to Saurashtra Region. The excess over flowing flood water of Narmada will be distributed to 115 reservoirs of eleven districts of Saurashtra through total 1126 km long four link pipelines benefitting 1022589 acre land.
These links are

  • Link 1 from Machhu-II dam of Morbi district to Sani Dam of Jamanagar District
  • Link 2 from Limbdi Bhogavo-II Dam of Surendranagar District to Raidi Dam of Amreli District
  • Link 3 from Dholidhaja Dam of Surendranagar District to Venu-I Dam of Rajkot District
  • Link 4 from Limbdi Bhogavo-II Dam of Surendranagar District to Hiran-II Irrigation scheme of Junagadh

Madhukar Gupta Committee on border protection submits report to MHA


  • The Madhukar Gupta Committee on border protection submitted its report to the Home Minister Rajnath Singh on 29 August 2016.
  • The panel has made a detailed study on threat perception, field visits and made a detailed recommendations pertaining to strengthening of border protection on Indo-Pakistan Border. It studied security and threats at Border States of Gujarat, Rajasthan, Punjab and Jammu.
  • The Committee headed by former Home Secretary Madhukar Gupta was appointed on 5 April 2016 for strengthening border protection and addressing the issue of gaps and vulnerability in border fencing along Indo-Pakistan Border.
  • It was constituted three months after terrorists belonging to Pakistan-based terror group Jaish-e-Mohammed had breached the Indo-Pak border in Punjab and attacked the Pathankot airbase killing seven security personnel.


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Appointments –

Anuradha Rao is MD, CEO of SBI Mutual Fund


  • SBI Mutual Fund today said it has appointed Anuradha Rao as its Managing Director and Chief Executive.
  • Prior to this, Rao was Deputy Managing Director at SBI handling New Business Portfolio. She has also worked as the Chief General Manager of personal banking at the bank.
  • Some of the key assignments handled by her include developing the home loans and real estate businesses at SBI.
  • She took charge from Dinesh Kumar Khara, who has been appointed Managing Director of State Bank of India (Associate & Subsidiaries).

Aishwaryaa Dhanush appointed U.N. Women’s advocate for Gender Equality


  • Noted filmmaker and actor Rajinikanth’s daughter Aishwaryaa Dhanush was on Monday appointed United Nations Women’s Advocate for Gender Equality and Women’s Empowerment in India.
  • Ms. Aishwaryaa’s appointment was announced by Lakshmi Puri, U.N. Assistant Secretary General and U.N. Women Deputy Executive Director.
  • Ms. Puri was quoted as saying that Ms. Aishwaryaa, also a dancer “inspires confidence in young women and girls across South India and beyond.”
  • On her part, Ms. Aishwaryaa said it would be an ‘honour’ to serve as U.N. Advocate for Women’s Empowerment.

Microsoft appoints Bala Girisaballa CEO-in-residence of Microsoft Accelerator


  • Microsoft on Tuesday announced that Bala Girisaballa will be leading Microsoft Accelerator in India as CEO-in-Residence.
  • He took charge of the Accelerator's India operations, with effect from August 1, 2016. Microsoft also announced that Ravi Narayan, Director, will now assume the role of Global Director at Microsoft Accelerator.
  • Girisaballa will lead the Accelerator's efforts to help market-ready startups and entrepreneurs to scale up and become successful businesses through the technology enablement, global go-to-market efforts and deep business advisory in the form of Hi-Po and Scale-Up programs. Prior to this, he was with Zinnov as partner & practice head helping MNC R&D companies.


Days –

National Sports Day celebrated on 29 August


  • National Sports Day was observed across India on 29 August 2016. The day is celebrated to mark the birth anniversary of the legendary hockey player Dhyan Chand who was born on 29 August 1905.
  • On this occasion, President Pranab Mukherjee conferred National Sports and adventure awards on sports person at the Rashtrapati Bhawan, New Delhi.
Winners of 2016 National Sports Awards are

  • Rajiv Gandhi Khel Ratna: The award is given for the spectacular and most outstanding performance in the field of sports by a sportsperson over a period of four years.
  • It was conferred on four sports person and they are PV Sindhu (Badminton), Dipa Karmakar (Gymnastics), Jitu Rai (Shooting) and Sakshi Malik (Wrestling).
  • Dronacharya Awards: The award is conferred on coaches for producing medal winners at prestigious international sports events.
  • It was conferred on six sports coaches and they are Nagapuri Ramesh (Athletics), Sagar Mal Dhayal (Boxing), Raj Kumar Sharma (Cricket), Bishweshwar Nandi (Gymnastics), S Pradeep Kumar (Swimming (Lifetime)) and Mahabir Singh (Wrestling (Lifetime)).
  • Arjuna Awards: The award is given for consistently outstanding performance for four years.

Sports –

Wrestler Yogeshwar Dutt's 2012 London Olympics bronze upgraded to silver


  • Indian wrestler Yogeshwar Dutt's bronze medal from the London Olympics has been upgraded to silver after second-place finisher late Besik Kudukhov of Russia was stripped off his medal for failing a dope test.
  • According to Russian agency, flowrestling.Org, the four-time world champion and two-time Olympic medallist Kudukhov, who had died in a car crash in 2013 in southern Russia, was found to have used a banned substance in a test conducted by the World Anti-Doping Agency (WADA).
  • As a result, Yogeshwar, who had bagged a bronze medal in men's 60kg freestyle category in the London Games, has now joined Sushil Kumar as the other silver medallist wrestler from the 2012 Olympics.
  • Yogeshwar, who had bowed out in the first round of men's 65kg freestyle at the recently concluded Rio Olympic Games, had lost to Kudukhov in the pre-quarterfinals at London. But once the Russian advanced to the final, Yogeshwar got another chance in the repechage round and went on to win bronze.

Awards & Honors –

Padma Sachdev gets Saraswati Samman for year 2015


  • Eminent author Padma Sachdev was awarded the prestigious Saraswati Samman for the year 2015 for her autobiography 'Chitt-Chete' written in Dogri language. She was felicitated by Delhi's Lt Governor Najeeb Jung in New Delhi on 29 August 2016.
  • The 76-year-old poet and novelist's autobiography, published in 2007, was shortlisted from 22 works written in as many languages published between 2005 and 2014.
  • Born in Jammu, Padma Sachdev is first modern woman poet of Dogri language.
  • She has published her several poetry collection including Meri Kavita Mere Geet that has won the Sahitya Akademi Award in 1971.






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Team ExamPundit

RRB NTPC 2016 - 2nd Answer Key Date & CBT Tentative Dates



Hello and welcome to exampundit . RRB Kolkata has issued a notification RRB NTPC 2016 about the date of new answer key and 2nd stage examination.

They stated:

Objections, if any, were invited from the candidates on questions/answer keys from 12.08.2016 to 21.08.2016. After consideration of these objections the Question Papers (indicating finally deleted questions, if any), updated final Answer Keys & Candidates’ Response shall again be made available on RRBs website in September/October 2016.

As informed vide earlier notice dated 10.08.2016, RRBs will hold a 2nd stage Computer Based Test (CBT) for various NTPC (Graduate) category posts, in terms of Para 8.12 and 14.03 of CEN No. 03/2015. Candidates equal to 15 times of vacancies shall be called for 2nd stage CBT based on the merit position in the CBT held during 28/03/2016 to 03/05/2016 (hereinafter called 1st Stage CBT).


Final selection of candidates will be based on merit position obtained in the 2nd stage CBT and/or result of Aptitude Test/Typing Skill Test wherever applicable. Normalisation of marks will be done as per extant rules in 1st and 2nd stage CBT.


2nd stage CBT is likely to include questions pertaining to General Awareness, Arithmetic, General Intelligence and Reasoning. The duration of 2nd stage CBT will be of 90 minutes covering 120 multiple choice objective questions.

The date(s) of 2nd stage CBT shall be published on RRB’s website in due course.

Please note and keep visiting RRB websites regularly for the updates in this regard.

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Here is the notice pdf




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Team ExamPundit

Current Affairs PDF for RBI Grade B Phase I 2016


Hello and welcome to exampundit . Here is the much much awaited Current Affairs PDF for RBI Grade B Phase I 2016. Apologies for being late!


The topics covered:
  1. News related to Finance/Banking/Industry
  2. Non-Financial News related to India
  3. Appointments in August and July, 2016
  4. Lists, Indexes and Reports
  5. Rio Olympics 2016
  6. Sports News
  7. Global News
  8. Awards and Honors
  9. Important Days - June to September
  10. Books & Authors - January to August
  11. Goods & Services Tax
  12. GA Questions Asked in SBI PO Mains 2016
  13. Obituaries



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We recommend Adobe Reader for the PDF(s).




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Team ExamPundit

Abhinav's Reasoning Challenges for Bank PO Exams 2016 - 30 August, 2016


Hello and welcome to exampundit . So here is the Abhinav's Reasoning Challenges for Bank PO Exams 2016.

The rules are same as the fighter's puzzle challenges(which is coming back).

Abhinav will conduct and help everyone along with the fighter and Chitrarth who will monitor/feature/delete any other comments.


Directions (Questions.01-05): Study the following information carefully and answer the questions given below:

E, F, G, H, I, J and K are seven friends travelling in three different vehicles – Alto, Nano and Santro – with at least two in each vehicle. Each of them has a favorite cold drink, viz Frooti, Maaza, Slice, Sprite, Pepsi, Mirinda and 7Up but not necessarily in the same order.
I’s favorite drink is 7Up and F is travelling in Nano only with I. Those who travel in Alto do not like Frooti and Sprite. The one who likes Maaza travels only with K in Santro. The one whose favorite drink is Pepsi does not travel in the same vehicle as I or K. E does not travel in Nano but likes Miranda. H and J are travelling in the same vehicle but J does not like Slice. The one whose favorite drink is Sprite does not travel in Nano.


1).Whose favorite drink is Maaza?
a)    H
b)    G
c)    E
d)    Can’t be determined
e)    None of these

2).Which of the following is the favorite drink of H?
a)    Sprite
b)    Pepsi
c)    Slice
d)    Maaza
e)    None of these

3). In which of the following vehicles are three persons travelling?
a)    Nano
b)    Alto
c)    Santro
d)    Can’t be determined
e)    None of these

4).Which of the following combinations is/are true?
a)    G – Frooti - Nano
b)    H – Pepsi - Alto
c)    I – Slice - Nano
d)    J – Pepsi – Alto
e)    None of these

5).Which of the following statements is/are true?
a)    H likes Slice and travels in Alto
b)    F likes Pepsi and travels with I.
c)    E likes Mirinda and travels with H.
d)    Only 1) and 3) are true
e)    None of these



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6). “In an exciting World Cup match, the opposition has piled up a good total and in reply India have lost 4 wickets. Now Dhoni comes to bat, you are a die-hard fan of Dhoni and despite the odds you proclaim that Dhoni is a fine batsman.” – A commentator
Which of the following has been assumed in the above statement?
a)    India has a strong batting line - up
b)    India is likely to win the match.
c)    India is likely to lose the match
d)    Indian tailenders also play some match – winning shots
e)    None of these



7). Months before the annual upsurge of onion and potato prices kicks in, the government has plans in place to cushion the blow for the common man. Onion prices start rising from July, peaking in September – October. Similarly, potato prices witness an abnormal rise between September and November. Two major entities at national level – National Agricultural Cooperative Marketing Federation (NAFED) and Small Farmers Agri – business Consortium (SFAC)- have been given a task of purchasing 10,000 tonnes of onions and tomatoes.
Which of the following can be best inferred from the given information? (An inference is something that is not directly stated but can be inferred from the given information).
a)    Prices of onions and potatoes will be stable in the market.
b)    Government can control the black marketing of onions and potatoes.
c)    Food inflation will come down.
d)    Prices of other essential vegetables will come down.
e)    None of these



8). The Centre has been emphasizing on education for the girl child for years, but a main in Agra took it to the other extreme. He tied up his eight – year – old daughter, reluctant to go school, with ropes on the back of his motorcycle to take her to school
Which of the following can be an assumption in the given information? (As assumption is something that is supposed or taken for granted)
a)    The father should have adopted a soft approach to send his daughter to school.
b)    The father struggles to given the best possible education of his daughters.
c)    The father does not know how to deal with his daughter.
d)    The father tried his best to convince her by offering toffees and promising gifts going to school
e)    None of these




9). Statement: The government has decided to make PAN card mandatory for people buying gold worth Rs. 1 lakh or more. The yellow metal contributes 60% of total sales in rural India.
Which of the following cannot be concluded from the above statements?
a)    Unethical practice and smuggling of gold will increase.
b)    Government earning will increase.
c)    Retail sales of gold will come down.
d)    There will be a long queue at NSDL offices
e)    Sales of gold in rural India will fall.




10). Statement: The cabinet approved a new bill in black money which will give more power to the tax department in tracking illicit wealth stashed abroad.
Which of the following statements can be an effect of the statement given above?
A.   Harsh penalties and rigorous imprisonment will be awarded to the people having unaccounted money abroad
B.   Non-filing of income tax returns of filing of returns with inadequate disclosure of foreign assets will be liable for prosecution.
C.   Individuals will have to give the details of opening of foreign account.
D.   Political parties will not take any donation.
E.   All individuals will declare their assets every year.
a)    Only B, D and E
b)    Only B and D
c)    Only A and B
d)    Only A, C and D
e)    Only A, B and C






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Team ExamPundit