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Magazine for LIC-AAO MONTHLY ISSUE - JUNE - 2016 CurrVanik’s ent Affairs Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU relim) Vanik’s Study Guide et for SBI-Clerk (P Two Practice S 200 Updated MCQs Clerk (Main) 150+ One Liners Practice Set for SBI- GL-2016 40 MCQs on Computers ractice Set for C P 100 GK for SSC & Railway P u b l i c a t i o n s Vanik’s Knowledge Garden VANIK'S PAGE Question Coming from Vanik Magazine for LIC-AAO Month of Question coming from lic aao Answer Page magazine Sheikh mhd bin zayed al nahn is crown prince of UAE April 18 Astro h satellite launched by which country Japan April 14 Boutros boutros-ghali recently died. Who was he?- Egyptian April 27 politician Swacch bharat ranking, no.1 out of 73 cities- Mysuru April 24 Elephant island that was announced to get 24 hour Maharashtra April 18 electricity from 15 aug 2016 is in which state- G20 summit 2016 will b held in- Hanghjou,china December 28 St. Petersburg women's doubles winner- Sania and hingis April 29 K p sharma oli prez of- Nepal April 9 State topped in internet readiness index Maharashtra April 15 Women cricket world cup 2017 ? England Winner of hockey india league Punjab warrior April 29 India’s first organic institute is located in Sikkim March 31 Vibrant north-east summit was held in Guwahati April 33 Top city among cleanest cities Mysore April 24 Nadil fazil who died recently was Poet April 27 Banaras hindu university founded by Madan mohan April 15 malaviya Who received DSC price 2016 Anuradha Roy March 19 Nepal pm K p s oli April 9 103rd indian science congress? Mysore Pmfy launched in which state?(pradhan mantri fasal Madhya pradesh April 39 bima yojana) Sbi japan scheme launched in delhi? Japan desk April 20 Brics 2016 ? India Brisbane tennis winner ? Milos ronaoc March 24 Sushil koirala was pm of Nepal April 9 12th south asian game venue ? Guwahati, india April 29 2016 international year of ? Pulses February 30 Uday scheme ? Ujwal discom March 31 assurance yojana Malaria eliminated in year ? 2030. April 30 Current sebi chairman U. K. Sinha April 20 Director of oscar winning film Tom mccarthy May 17 Polly umrigar award Virat kohli March 23 Lamitye 2016 exercise between? India & April 32 seychelles How many copies of Sachin Tendulkar's autobiography 1,50,289 April 25 ‘Playing It My Way’ have been sold so far To win Ranjhi Trophy, Mumbai crushed Saurashtra March 6 Who is the runner up of blind world cup t-20 Pakistan March 23 Message from Director Vanik Publications EDITOR Dear Students, Mr. Pramod Padhi Success and failure are the two sides of the same coin. Success has no limit ASSOCIATE EDITORS Satabdi Sagar Mohanty & failure has no end but sincerity matter a lot in achieving success or failure in Samarendra Narayan Sahoo competitive exams to which you are being exposed now. The competition has become ADVISORS G. Khatua more tougher and need not only hard work but intelligent hard work, commitment, B. R. Das PUBLISHING MANAGER devotion, sincerity and discipline in achieving perfection which is the stepping Smrutiranjan Chhatoi stone to success. DESIGNING & LAYOUT At our end Vanik’s result shows our commitment and sincerity to provide Vijaya Moharana you the best. We also expect the best of effort from your side to make the mission Publisher : Subrat Kumar Chhatoi Printed and Published by : Vanik Publication successful. Printed at : Bhagabati Press Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar Website : www.vanik.org | Phone : 0674-6556677, 8093-556677 _____________________________________________________ © Copyright Reserved No part of this magazine can be printed in whole or part without the written permission of the Best of Luck publisher. The editor and publisher have tried their best Subrat Kumar Chhatoi to verify the factual accuracy of the informations published, but do not take any responsibility for the absolute accuracy of the informations in the magazine. All disputes subject to Bhubaneswar (Odisha) Jurisdiction. CONTENTS Topics Page No Events of the Month 3 International news 9 National news 11 Bilateral 14 Economy and Banking 16 Award and Honour 19 Book and Author 20 Person in news 21 Places in news 22 Sports 23 Science and Technology 24 Environment and Ecology 26 Defence 27 Recent Summit in News 28 Committee and its Function 28 Date and Observation 29 International and National institution 30 State news 31 Recent government devlopement and scheme 33 200 MCQ current affairs 36 40 MCQ of Computer 43 Abbreviation 45 Descriptive English 46 Word of the Month 50 Banking Terminology 51 Miscellaneous G.K. for SSC and Railway 53 Practice Set : SBI-CLERK (Prelim) Set-1 58 SBI-CLERK (Prelim) Set-2 65 SBI-CLERK (MAIN) 73 SSC-CGL(Tier-I) 85 Who’s Who? 98 One Liner 104 MAGAZINE FOR THE MONTH OF JUNE - 2016 EVENTS OF THE MONTH conceals the company’s true shareholder. In short, the HE PANAMA PAPERS company is into the business of withholding the true T identity of the offshore company’s owner. 4. What is Mossack Fonseca? The Panama Paper is an international Project carried out by A low film based out in Panama which sells its shell many media organizations across the world over last one companies around the world. year. ICIJ likes to describe them as gatekeeper to the secrets 1. What is Panama leak all about? of its clients, even those who are crooks, Mafioso, drug Panama Paper (international collaborative project) have dealers, corrupt politician and tax evaders. Mosack leaked the significant documents (approximately 11.5 Foneca is one of world’s five biggest company when it million documents totaling 2.6 terabytes of data) about comes to selling offshore companies. Mossack Fonseca firm (an off shore law firm) in Panama 5. How leak took place? (A country in Central America) which has helped An anonymous source contacted a German newspaper investors around the world to evade tax, launder money, Suddeutsche Zeitung (SZ) over a year ago period and among others. submitted encrypted internal documents from Mossack 2. What is Panama Papers all about? Fonseca database. The Panama Papers is the largest international 6. What’s the leaked data all about? cooperation of its kind in the world. In the last one year, The data leaked is mainly comprises of emails, pdf files, around 400 journalists from more than 100 media and excerpts of an internal Mossack Fonseca database. organizations in over 80 countries have taken part in It reveals information on how an overseas industry led researching the documents (leaked by anonymous by major banks, legal firms, and asset management soruce). companies secretly manages the assets of the world’s Journalists from media organizations like BBC, Guardian, rich and famous personalities from politicians, FIFA Suddeutsche Zeitung, and The Indian Express among officials, fraudsters, drug smugglers, to celebrities and others have also worked on the project. professional athletes. The leak is considered to be the largest in the Journalism It provided a clear picture of how Mossack Fonseca world. routinely accepts investments/ money from world’s rich The Papers have revealed names of thousands of people and famous people to engage in business activities that from across the world who evaded the tax and launched potentially violate law of many countries, besides money by taking help from Mossack Fonseca. helping and abetting tax evasion and money laundering. 3. What is an offshore law firm? What it does..? 7. How big is this leak? An offshore law firm that sells anonymous offshore The scale of this leak is the biggest of all time leaks that companies around the world. world has seen in past. These shell companies allow their promoters to hide their It includes approximately 11.5 million documents, totaling business dealings. They have dozens of offices all over 2.6 terabytes (TB) of data which is higher than the the world. combined total of the Wikileaks/ Cablegate, Offshore Their job is to found, sold and managed thousands of Leaks, Lux Leaks, and Swiss Leaks. companies and thus making huge profit and helping No doubt, it’s mother of all leaks. others to make their money into white/evaded taxes. The Panama Paper Leak (2016) – 2.6 T.B of data The low firm helped clients secretly create a maze of Previous recorded leak are: accounts to make their money untraceable & thus Offshore secrets Leak (2013) – 260GB converting black into white or evading taxes etc. These Luxembourg tax files Leak (2014) – 4.4GB companies make it easy for others to found companies, Swiss Leak (2015) – 3.3GB by selling its shell companies in cities across the world. WikiLeaks (2010) – 1.7GB They provide loads of facilities & at a very cheaper rate, 8. How many people are named in Panama Papers leak? from buying an anonymous company for as little as Well, as of Panama Papers have release a partial list. The $1,000 (nearly ‘66,290), to providing a sham (fake) director, International Consortium of Investigative Journalists to holding board meetings. And if the clients desire, it 3 B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF JUNE - 2016 will release the full list of companies and people in the Panama Paper files in early May. PROJECT MAUSAM : INDIA’S As of now, many notable personalities, athletes & politicians have been named. Such as: 1. Argentinian footballer Lionel Messi ANSWER TO CHINA’S ‘MARITIME 2. Hong Kong actor Jackie Chan 3.
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