MONTHLY ISSUE - NOVEMBER - 2015 CurrVanik’s ent Affairs

Banking | Railway | | SSC | UPSC | OPSC | PSU

ARCHITECH OF THE RISE OF CRICKET IN

ONE RANK ONE PENSION

““BRAINBRAIN DRAINDRAIN”” cancan becomebecome ““BRAINBRAIN GAINGAIN””

EU REFUGEE CRISES HAJJ STAMPEDE

New OPSC OCS-2015 Special Volume-3y Govt. of Odisha US OPEN-2015 aunched b New Scheme L Two Practice Set for IBPS-PO (Preliminary) One Practice Set for CSAT 40 MCQs on Computers Vanik’s Page 200 Updated MCQs 100 One Liners 100 GK for SSC & Railway Vanik’s Knowledge Garden

Leading Institute for Banking, Railway & SSC P u b l i c a t i o n s VANIK'S PAGE COUNTRY, CAPITAL &

African Nations Capital Currency Afric an Nations Capital Currency Malawi Lilongwe Mala wian kwacha Algeria Algiers Algerian

Mali Bamako West African CFA franc Angola Luanda Kwanza

Mauritania Nouakchott Maurit anian Ouguiya Porto Novo W est African CFA franc Mauritius Port Louis Mauritian Botswana Gaborone Pula Morocco Rabat Mor occan dirham Ouagadougou West African CFA franc Mozambique Maputo Mozambic an metical Burundi Bujumbura Burundi franc

Namibia Windhoek Yaoundé Cen tral African CFA franc Niamey W es t African CFA franc Cape Verde Praia Nigeria Abuja Bangui Central African CFA franc Republic of Congo Brazzaville Central African CFA franc N'Djamena Central African CFA franc Rwanda Kigali Comoros Moroni Dakar West African CFA franc Congo Kinshasa Victoria Seychellois rupee Djibouti Djibouti Sierra Leone Freetown Leone Somalia Mogadishu Egypt Cairo South Africa Cape Town, and Equa torial Guinea Malabo Central African CFA franc Pretoria Eritrea Asmara Nakfa

South Sudan Juba South Ethiopia Addis Ababa Libreville Centr al African CFA franc Sudan Khartoum Sudanese pound Gambia Banjul Dalasi Swaziland Lobamba Lilang eni São Tomé and Príncipe São Tomé São Tomé and Príncipe Dobra Ghana Accra Tanzania Dodoma Tanz anian shilling Guinea-Bissau Bissau West African CFA franc Lomé Wes t African CFA franc Guinea Conakry Tunisia Tunis Yamoussoukro West African CFA franc

Uganda Kampala Kenya Nairobi Ken yan shilling

Zambia Lusaka Maseru Loti

Zimbabwe Harare and Liberia Monrovia South African rand Libya Tripoli Oceania Nations Capital Currency Madagascar Antananarivo Australia Canberra Australian dollar Fiji Suva Fijian dollar Kiribati Tarawa Kiriba ti dollar

Australian dollar

Marshall Islands Majuro United States dollar

Micronesia Palikir Unit ed States dollar Nauru No Capit al Australian dollar New Zealand Wellington New Zealand dollar Palau Ngerulmud , Unit ed States dollar Melekeok Papua New Guinea Port Moresby Kina

Samoa Apia Tala Solomon Islands Honiara Solomon Islands dollar Tonga Nuku'alofa Pa’ anga Tuvalu Funafuti Tuvaluan dollar Australian dollar Vanuatu Port Vila Vanuatu vatu MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

VANIK’S MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 1 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] Message from Director

Vanik Publications

EDITOR Dear Students, Mr. Pramod Padhi ASSOCIATE EDITORS Durga Puja is the period of enrichment & empowerment for the entire Satabdi Sagar Mohanty Samarendra Narayan Sahoo himanity along with happiness and celebration. Our committment for your enrichment ADVISORS & empowerment will continue with the power packed contents in the Vanik Current G. Khatua B. R. Das Affairs Magazine. Apart from the regular features this special issue contains a PUBLISHING MANAGER section for the forth coming OPSC Prelime by our Editor Mr. Pramod Padhi on the Smrutiranjan Chhatoi

Socio-Economic developmental measure launched by Odisha govt. & CSAT model DESIGNING & LAYOUT question. Vijaya Moharana

Publisher : Subrat Kumar Chhatoi Hope it will be useful for you like the earlier issues. Printed and Published by : Vanik Publication 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 Best of Luck whole or part without the written permission of the publisher. Subrat Kumar Chhatoi  The editor and publisher have tried their best 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 4  International news 10  National news 13  Bilateral 15  Economy and Banking 17  Award and Honour 19  Book and Author 20  Person in news 21  Places in news 23  Sports 24  Science and Technology 26  Environment and Ecology 27  Defence 27  Recent Summit in News 28  Committee and its Function 28  International and National institution 29  Recent visit and visitor 30  Date and Observation 30  State news 31  Recent government devlopement and scheme 33

 200 MCQ current affairs 35  40 MCQ of Computer 43

 Abbreviation 44  Descriptive English 45  Word of the Month 46  Banking Terminology 47

 Miscellaneous G.K. for SSC and Railway 51  Practice Set : IBPS-PO-Preliminary -1 56 IBPS-PO-Preliminary -2 63

 Who’s Who? 71  One Liner 73  OPSC CSE-2015 Special Volume-3 (Analysis of programme launched by Odisha govt) 77 MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 EVENTS OF THE MONTH

The project will make Internet hot-spots available to more than 10 PM MODI AT SILICON VALLEY million people just with the first 100 stations online. This will make it the largest Wi-Fi project in the country. : ‘BRAIN DRAIN’ CAN BECOME The Access & Energy team of Google together with Indian Railways and RailTel, which provides Internet services as RailWire via its ‘BRAIN GAIN’ FOR INDIA extensive fiber network, will bring the first station online in the coming months. Prime Minister Narendra Modi visited the tech capital of the world As per the initial plan, Indian Railways will introduce Wi-Fi services - Silicon Valley - to further his dream of ‘Digital India.’ This rare at 400 A1 and A category stations throughout the country and in visit by an Indian Prime Minister to the region that houses the select trains in a phase-wise manner. Indian Railways will introduce who’s who of the technology world has captivated his extensive Wi-Fi services at 75 A1 category station by the end of 2015. fan club in the area and commanded the attention of major US Google on 28 September 2015 has released a map of the first 100 technology companies eager to extend their reach into a promising stations online that will get high-speed Wi-Fi hot spots in India. overseas market. Modi’s arrival marks the first time an Indian head 2. Microsoft to take low-cost broadband tech to 5 lakh villages of state has been in California in 33 years. 3. Microsoft to set up cloud computing systems The PM has met representatives of the Sikh and Gujarati 4. Qualcomm to invest $150 million in India communities. Modi visited the Tesla Motors factory and was taken In an effort to push Digital India initiative, chipmaker Qualcomm around the factory by Tesla CEO Elon Musk. He also met Apple said it will invest $150 million for Indian start-ups in the mobile CEO Tim Cook.Prime Minister Narendra Modi met the world’s and internet-of-everything (IoE) ecosystem. It has committed to top tech chiefs, including Adobe’s Shantanu Narayen, Qualcomm’s providing local innovative start-ups with the support needed to Paul Jacobs, Cisco’s John Chambers, Microsoft’s Satya Nadella help India’s IOE (Internet of Everything) ecosystem grow, and Google’s Sundar Pichai on the occasion of the “Digital India” increasing consumer choice and availability. dinner held at San Jose, California on 26 September. The large 5. Qualcomm innovation lab to be set up in Bengaluru concentration of high-technology engineering, computer, and An innovation lab will be set up in Bengaluru to provide technical microprocessor companies around San Jose has led the area to be and engineering support to Indian companies, and we will support known as “Silicon Valley”. Prime Minister’s pitch to the gathering multiple Indian mobile device design companies. Through a design of tech elites was his promise to take India up to the next stage of challenge, innovative product and hardware companies will be its development, a vision that he intended to achieve through policy identified who will receive technical and engineering support in the campaigns such as Digital India and Make in India. Placing the Qualcomm innovation lab. entire digital campaign in context he said it was possible to rapidly Modi -Barack Obama bilateral discussion transform the lives of people on margins and touch the lives of the Prime Minister Narendra Modi met US President Barack Obama weakest, farthest and the poorest citizen of India as also change and discussed a host of issues, including stepping up economic the way our nation will live and work. engagement and climate change, during their third meeting in about a year. A joint editorial released by India and US highlighted the Prime Minister Narendra Modi addressed more than 350 following developments in the bilateral relationship of the two business leaders on Saturday during his tour to the Silicon countries:- Valley. Who’s who from the tech world gave a ringing Indo- US Investment Initiative endorsement to PM’s ambitious ‘Digital India’ programme. Establishment of an Indo- US Investment Initiative led by the Here are five key announcements made during PM Modi’s Ministry of Finance on the Indian side and the Department of visit. Treasury on the American side, with special focus on capital market 1. Google to help India set up base for free Wi-Fi at 500 railway development and financing of infrastructure. This Initiative will stations focus on increasing investment by institutional investors and Internet search engine giant Google has announced its tie-up with corporate entities Indian Railways that will provide free Wi-Fi facilities to 400 Infrastructure Collaboration Platform stations. The Wi-Fi facilities will be provided under Project Establishment of an Infrastructure Collaboration Platform convened Nilgiri . by the Ministry of Finance on the Indian side and the Department The plan will initially start with 100 busiest railway stations. of Commerce on the American side to facilitate the participation of Later, the facility will be extended to the remaining stations. American companies in Indian infrastructure projects

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 4 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Trade Policy Forum President expressed his support for India’s early application and The two countries committed to work through the Trade Policy eventual membership in all four regimes. Forum to promote a business environment that was conducive for India & UNO companies to invest and manufacture in both in India and US. While addressing the UNGA Modi demanded for the UNSC reform Also, an annual high-level Intellectual Property Working Group as and action against terrorism. He also met the other G-4 leaders to a part of the Trade Policy Forum will be formed to look into issues solicit their support for the UNSC reform. So also on climate related to innovation. change convention. Others  The two leaders also committed to hold public-private discussions in the early part of 2015 under the already ABOUT GROUP OF TWENTY (G20) existing Commercial Dialogue on new areas of cooperation, including innovation in advanced OR (GROUP-20) manufacturing G20 is the premier forum for global economic and financial  After reiterating their commitment to working together cooperation. Established in 1999 as a meeting of Finance Ministers towards the creation of a new global agreement on climate and Central Bank Governors of member countries in the aftermath change, they agreed to hold an urgent meeting of their of the 1997 Asian financial crisis, it brings together 19 nations that bilateral task force on HFCs (hydrofluorocarbons) prior represent world’s major advanced and emerging economies, to the next meeting of the Montreal Protocol representing around 85 per of global GDP. Presidency of the  The two leaders launched a new US – India Climate G20 rotates annually among its members. Members includes Brazil, Fellowship Program to build each other’s long term China, Russia, India, South Africa, Australia, Argentina, Canada, capacity to address climate change related issues France, Indonesia, Germany, Italy, Mexico, Japan, Saudi Arabia,  A MoU between the Export-Import Bank and the Indian Turkey, South Korea, (UK), United States (US) Renewable Energy Development Agency was signed. and European Union (EU). This MoU would make up to $1 bn in financing available G20 Finance Ministers and Central Bank Governors Meeting was to India to help its transition to a low carbon and climate held from 4 to 5 September 2015 at Ankara in Turkey. The meeting resilient energy economy, at the same time boosting was attended by Union Finance Minister Arun Jaitley and RBI American renewable energy exports to India Governor Raghram Rajan. The meeting was held primarily to review  The countries also agreed to a 10 year extension of the ongoing economic developments, the respective growth prospects 2005 Framework for the US – India Defense Relationship and recent volatility in financial markets and its underlying economic  The two leaders decided to intensify cooperation in conditions. maritime security, mainly by enhancing technology Group of Twenty (G-20), a forum of world’s 20 largest economies, partnerships for India’s Navy and also upgrading the including India launched Women-20 (W20), an engagement grouping existing military exercise Malabar. of women leaders in order to push for gender inclusive global  USA pledged to help India counter the threat of IEDs economic growth. It was launched at the G-20 Summit of Finance (improvised explosive devices) through I&T (information Ministers and Central Bank Governors in Ankara under the Turkish and technology) Presidency. The W20 group will include 20 women leaders from  The two leaders appreciated the establishment and G20 nations. It will work as an outreach group to promote gender planned first meeting of the NASA-ISRO Mars Joint inclusiveness in economic growth process by empowering women. Working Group under the U.S.-India Civil Space Joint It would host its first summit in October 2015 in Istanbul after all Working Group and hoped for further co-operation in member countries appoint their respective nominees. the area of space technology The mandate of W20 is to advance and realize recent G20  The two countries agreed to launch a new phase of the commitments on India-U.S. Vaccine Action Program and emphasis on  Achieving women’s full economic and social participation developing affordable vaccines for dengue, malaria, and (Los Cabos Leaders’ Declaration, 2012). TB  Enhancing women’s financial inclusion and education (St The two countries pledged to work together towards the export of Petersburg Leaders’ Declaration, 2013). nuclear technology from US to India to make India more self-  Reducing the participation gap between women and men reliant. In furtherance of this, the countries decided to continue in G20 countries by 25 per cent by 2025, taking into working towards India’s phased entry into the Nuclear Suppliers account national circumstances (Brisbane Leaders’ Group (NSG), the Missile Technology Control Regime (MTCR), Declaration, 2014). the Wassenaar Arrangement and the Australia Group. The American

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 5 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

It is in addition to the existing official engagement groups of the To resolve further issues related to the implementation of the G20-B20 (Business20), C20 (Civil society20), L20 (Labour20), scheme especially those of inter-service issues of three forces, the T20 (Think20) and Y20 (Youth20). government also announced to form a one member judicial committee Gulden Turktan was appointed as the first president of the group. that will give its report in six months. She is one of the founders and President of the Women Reason behind delay in implementing OROP Entrepreneurs’ Association in Turkey (KAGIDER), and is currently a member of its Executive Board. Some of the officials within the Union Ministry of Defence (MoD) China will play host to the Group of Twenty (G20) Summit of the have been against the implementation of OROP citing financial, emerging economies in 2016. administrative and legal impediments. In 2011, the Department of Ex-Servicemen Welfare of the MoD pointed out to a parliamentary committee that OROP was not ONE RANK, ONE PENSION feasible to be implemented since documents of military personnel are removed after 25 years, which is not true. One Rank One Pension (OROP) implies that uniform pension be In reality, the Pension Payment Orders of pensioners, which contain paid to the armed forces personnel retiring in the same rank with all relevant details such as the rank last held and the length of the same length of service, regardless of their date of retirement. service are retained during the lifetime of each pensioner. All these At present, ex-servicemen receive differential pensions as it is details are available in a document called Long Roll which is calculated on the basis of their salary at the time of their retirement. maintained in perpetuity in terms of Regulation 592 of the Differential payments occur as the salaries of personnel are Regulations for the Army. frequently revised on the basis of pay commission’s recommendations. For example, personnel who retired in 1990 receive fewer pensions GOLD BOND & GOLD compared to their juniors who retired in 2006 though they retired at the same rank with same length of service. MONETIZATION SCHEME The government approved the Sovereign Gold Bonds Scheme, which This is a long pending demand by the defence personnels since 40 was announced in the Budget 2015-16. As investors will get returns years. The Khosiyari Committee appointed by the govt. has also that are linked to gold price, the scheme is expected to reduce the recommended for its implementation. The former UPA govt. has demand for physical gold. also promised to implement it and the present NDA govt. of Modi The bonds will offer same benefits as physical gold. They can be also promised this during the last general election but delayed its used as collateral for loans and can be sold or traded on stock implementation. This led the Ex-Servicemen Association to start exchanges as they are available in demat form. At the same time the demonstration and hunger strike. Ultimately the central govt. investors need not worry about holding physical gold. declared to implement the OROP in September 2015. With the Modalities of the scheme following provisions :  The gold bonds will be issued by the Reserve Bank of Features of OROP scheme India. Since these are Government of India bonds, they  Pension will be re-fixed for all pensioners retiring in the are sovereign. The bonds will be denominated in grams same rank and with the same length of service as the of gold. Investors can pay money and buy these bonds average of minimum and maximum pension in 2013. from intermediaries.  The benefit will be given with effect from 1 July 2014 to  The bonds can be purchased only by resident individuals the ex-service men of all the three forces. or entities. There will be a cap on bonds that can be  Those drawing pensions above the average will be purchased. It could be 500 gms per person per year. protected  The government will decide the rate of interest. The rate  In future, the pension would be re-fixed every 5 years. will be calculated on the value of the gold at the time of  Arrears will be paid in four half-yearly installments. investment. It could be floating or fixed rate. The principal  All widows, including war widows, will be paid arrears amount of investment, which is denominated in grams of in one installment. gold, will be redeemed at the price of gold at that time. If  Personnel who voluntarily retire will also be covered the price of gold has fallen from the time that the under the scheme. investment was made, the depositor will be given an  The estimated cost to the exchequer would be 8000 to option to roll over the bond for three or more years. 10000 crore at present, and will increase further  The bonds will be available both in demat and paper in future. form. They will be issued in denominations of 5, 10, 50, 100 gms of gold or other denominations.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 6 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

 The bonds will be issued and redeemed by banks, non- An estimated 22,000 tonnes of gold is currently held in Indian banking finance companies, National Saving Certificate households, worth more than $1 trillion.Which in turn is more than (NSC) agents for a fee. Which will be decided later. 50% of the country’s GDP. If a small percentage of this gold is  The price of gold may be taken from the reference rate, monetized, the economic and fiscal impact would be considerable. as decided and the rupee equivalent amount may be It can reduce India’s dependence on gold imports, Increase liquidity converted at the RBI reference rate on issue and in market and boost economy. that is what government is trying to redemption. This rate will be used for issuance, do. redemption and Loan to Value purpose and disbursement Objective of the gold monetization scheme is to: of loans.  Mobilize the gold held by households and institutions in the country.  The tenor of the bond could be for a minimum of five to  Make it available to banks and Jewelers. seven years.  Reduce gold imports.  These bonds can be used as collateral for loans. The LTV  Improve liquidity in market. will be equal to that of ordinary gold loans. As per RBI  Make customers gold secure and a performing Asset. regulations, the maximum LTV allowed for gold loans is 75 per cent.  It will be possible to sell and trade the bonds on exchanges, in case investors want to redeem them before maturity. The KYC for the bonds is same as that for gold. Currently, if you purchase gold worth more than Rs 50,000 you have to show proof of KYC, such as PAN card, etc.  Capital gains tax will be the same as for physical gold for individual investors. This means that short-term capital gains tax will apply if you sell within three years. The profits will be added to your income and taxed at income slab. Long term capital gains tax is 20 per cent with indexation. The Union Cabinet approved introduction of Gold Monetization Schemes (GMS) in a bid to lure away Indians from buying physical gold. The approved schemes are Gold Deposit Scheme (GDS) and the Gold Metal Loan (GML) Scheme which were announced by Government in 2015-16 budget. Gold scheme or a new deposit tool meant to help people earn returns on the precious metal lying idle in bank lockers or at home. The gold deposited through this scheme will be re-circulated in the economy, helping cut imports. Both the proposals were announced in the last Budget. Gold monetization would allow the depositors to get the interest The system will follow the following procedure on their deposited metal and Jewellers to obtain loan on the basis  House hold or institution has to open gold saving account of their metal account. Bank and other dealers would also be able to with bank. monetize their gold. Sovereign gold bond would be developed to  Gold that customer wants to deposit will be cleaned and provide an alternative to physical gold buying. It offers a fixed checked for purity at Assaying centers.Assaying center interest rate and can also be redeemable in cash. Indian gold coined will provide receipt to customer. to be issued with Ashok chakra inscribed on it. It would reduce the  Assaying center informs bank of value to be credited to demand of gold coins minted outside India and also helps to recycle customer. the gold available in the country.  Gold is than sent to refineries for melting or storage.  banks tells refineries to send gold to jewelers. Objectives of schemes  Refineries send gold to jewelers on banks information. To make the existing GMSs more effective and to put the gold into productive use held by households and institutions in the country How Deposited Gold will be utilized to benefits the economy? rather than only mobilising it. The long-term objective is to reduce It is proposed that Banks may be permitted to deposit the mobilized the country’s reliance on the import of gold to meet domestic gold as part of their CRR/SLR requirements with RBI. that will demand. increase money flow in market. Foreign Currency:

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 7 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Banks may sell the gold to generate foreign currency. The foreign UN considers migrants fleeing war or persecution to be refugees, currency thus generated can then be used for onward lending to even before they officially receive asylum. (Syrian and Eritrean exporters / importers. nationals, for example, enjoy prima facie refugee status.) An Coins: economic migrant, by contrast, is person whose primary motivation Bank may convert mobilized gold into coins for onward sale to for leaving his or her home country is economic gain. The term their customers “migrant” is seen as an umbrella term for all three groups. Said Exchanges: another way: all refugees are migrants, but not all migrants are Banks may buy and sell on domestic commodity exchanges, where refugees. mobilized gold can be delivered. Europe is currently witnessing a mixed-migration influx, in which Lending to jewelers: economic migrants and asylum seekers travel together. Bank may Lend the Gold to the Jewelers as domestic availability Which EU member states are on the frontlines? of gold will increase.India’s import bill will come down which will reduce CAD. It will also boost jewelery industry. EU member states hardest hit by the economic crisis, like Greece GMS would benefit the Indian gems and jewellery sector which is and Italy, have also served as the main points of entry for migrants and refugees due to their proximity to the Mediterranean Basin. a major contributor to country’s exports by accounting 12 per cent of total exports. It would enable depositors to earn interest on Shifting migratory patterns over the past year have also exposed their gold accounts. countries like Hungary, situated on the EU’s eastern border, to a sharp uptick in irregular migration. As per EU’s Dublin Regulation THE GREAT REFUGEE CRISES IN Entry- states bear unilateral responsibility for migrants. Revised in 2013, this EU law stipulates that asylum seekers must EUROPE remain in the first European country they enter and that country is Migrants and refugees flooding into Europe from Africa, the Middle solely responsible for examining migrants’ asylum applications. East, and South Asia have presented European leaders and Migrants who travel to other EU states face deportation back to policymakers with their greatest challenge since the second World the EU country they originally entered. War. The International Organization for Migration calls Europe the most dangerous destination for irregular migration in the world, What conditions do these migrants face in Europe? Migrant detention centers across the continent, including and the Mediterranean the world’s most dangerous border crossing. Political upheaval in the Middle East, Africa, and South Asia is in France, Greece, and Italy have all invited charges of abuse and reshaping migration trends in Europe. The number of illegal border- neglect over the years. Many rights groups contend that a number crossing detections in the EU started to surge in 2011, as thousands of these detention centers violate Article III (PDF) of the European of Tunisians started to arrive at the Italian island of Lampedusa Convention on Human Rights, which prohibits inhuman or following the onset of the Arab Spring. Sub-Saharan Africans who degrading treatment. had previously migrated to Libya followed in 2011–2012, fleeing The “secondary movements” of migrants who evade their first unrest in the post-Qaddafi era. The most recent surge in detections country of entry, in clear violation of the Dublin Regulation, have along the EU’s maritime borders has been attributed to the growing put enormous strain on the EU’s visa-free Schengen zone, which numbers of Syrian, Afghan, and Eritrean migrants and refugees. eliminated border controls among twenty-nine European countries. The IOM estimates that more than 464,000 migrants have crossed Considered one of the signature achievements of European into Europe by sea for the first nine months of 2015. Syrians integration, it has come under heightened scrutiny in light of the current migrant influx and attendant security concerns. fleeing their country’s four-and-a-half-year-old civil war, made up the largest group (39 percent). Afghans looking to escape the ongoing What are the main proposals for managing the crisis? war with Taliban rebels (11 percent), and Eritreans fleeing forced In September 2015, the European Commission President Jean- labor (7 percent) made up the second and third largest groups of Claude Juncker announced plans to revisit a migrant quota migrants, respectively. Deteriorating security and grinding poverty system for the bloc’s twenty-two participating members. Greece, in Iraq, Nigeria, , Somalia, and Sudan have also contributed Italy, and Hungary would not be required to resettle more migrants, to the migrant influx. and Denmark, Ireland, and the UK are exempt from EU asylum Distinguishing migrants from asylum seekers and refugees is not policy under provisions laid out in the 2009 Lisbon Treaty. always a clear-cut process, yet it is a crucial designation because Juncker’s second attempt to institute a quota added 120,000 these groups are entitled to different levels of assistance and migrants to the original forty thousand number floated in April, protection under international law. and added Hungary to the list of entry-point states in need of relief An asylum seeker is defined as a person fleeing persecution or alongside Greece and Italy. Some critics of this quota plan argued conflict, and therefore seeking international protection under that it would create a new “pull factor” for migrants, which, they the 1951 Refugee Convention on the Status of Refugees; a refugee argued, was unsustainable. At an emergency summit in September is an asylum seeker whose claim has been approved. However, the 2015, EU interior ministers initially failed to reach an agreement

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 8 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 on the resettlement of the additional 120,000 migrants amid several existing laws in India for making reforms therein and enacting new member states’ moves to reinstate border controls. legislations. It shall also undertake studies and research for bringing In addition to taking in larger numbers of asylum seekers, many reforms in the justice delivery systems for elimination of delay in experts say the EU and global powers must also provide more aid procedures, speedy disposal of cases, reduction in cost of litigation to Middle Eastern countries like Turkey, Lebanon, and Jordan, etc. which have borne the primary responsibility for Syrian refugees. The other functions of the Law Commission shall, inter-alia, According to the UNHCR, 1.9 million Syrians have taken refuge include:- in Turkey, 1.1 million in Lebanon, and 630,000 in Jordan since the (a) identification of laws which are no longer relevant and start of the conflict in 2011. This influx has altered the demographics recommending for the repeal of obsolete and unnecessary and economies of these host countries, which are now struggling to enactments; provide basic food and shelter due to funding shortages. (b) suggesting enactment of new legislations as may be necessary to implement the Directive Principles and to attain the objectives set out in the Preamble of the 21ST LAW COMMISSION Constitution; (c) considering and conveying to the Government its views The Union Cabinet chaired by the Prime Minister Shri Narendra on any subject relating to law and judicial administration Modi, has given its approval on the Constitution of the 21st Law that may be specifically referred to it by the Government Commission of India, for a period of three years w.e.f. 1st through Ministry of Law and Justice. September. 2015 to 31st August, 2018. (d) considering the requests for providing research to any The 21st Law Commission will consist of:- foreign countries as may be referred to it by the (i) a full-time Chairperson; Government through Ministry of Law & Justice. (ii) four full-time Members (including a Member-Secretary); (e) preparing and submitting to the Central Government, (iii) Secretary, Department of Legal Affairs as ex off do Member; from time to time, reports on all issues, matters, studies (iv) Secretary, Legislative Department as ex officio Member; and and research undertaken by it and recommending in such (v) not more than five part-time Members. reports for effective measures to be taken by the Union Background or any State; and The Law Commission of India is a non-statutory body constituted (f) performing such other functions as may be assigned to it by the Government of lndia from time to time. The Commission by the Central Government from time to time. was originally constituted in 1955 and is re-constituted every three Before concretizing its recommendations, the Commission will years. The tenure of the 20th Law Commission was upto 31st consult the nodal Ministry/Departments and such, other August, 2015. stakeholders as the Commission may deem necessary for the So far, various Law Commissions have submitted 262 reports in purpose. which they were able to make important contribution towards codification and progressive development of laws of the country. The 20th LCI was headed by Justice A P Shah, Former Chief Justice (CJ) of High Court and its tenure ended on 31 August,  2015. Its major functions includes :  Undertake research in existing laws by reviewing them for making reforms therein and enacting new legislations.  Undertake studies and research to bring reforms in the justice delivery systems in the country in order to eliminate the delays in procedures, speedy disposal of cases and cost reduction of litigations etc.  Suggest enactment of new legislations to implement the Directive Principles and attain the various objectives Within Months enshrined in the Preamble of the Constitution.  Prepare and submit reports to the Union Government on all matters, issues, studies and research undertaken by it.  These reports should recommend effective measures to be undertaken by the Union or any State government. The Law Commission shall, on a reference made to it by the Central Government or suo-motu, undertake research in law and review of

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 9 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 INTERNATIONAL NEWS

Sherif Ismail sworn-in as Prime Minister of Egypt from North African (Libya, Eritrea, Sudan etc) and Middle Eastern Sherif Ismail has been sworn-in as the new Prime Minister of (Syria, Iraq, Afghanistan etc) countries started relocating to Egypt. He was administered oath to the office by President Abdel- European Countries for seeking refuge and better life conditions. Fattah El-Sisi. He will succeed Ibrahim Mehleb who had resigned 6.6 magnitude earthquake hits off east Indonesia from office following a corruption scandal involving his cabinet A powerful earthquake with a magnitude of 6.6 on Richter scale minister. has hit Indonesia’s eastern region of Papua. As per US Geological Nepal adopts first democratic Constitution Survey (USGS), the epicentre of earthquake was centred 28 Nepal adopted its first democratic Constitution, a historic step for kilometers north of Sorong and it had occurred at a depth of 24 a nation that has seen war, a palace massacre and devastating kilometers. Indonesia which is the world’s largest archipelago falls earthquakes since a campaign to create a modern state began more in so called region of Pacific Ring of Fire, an arc of volcanoes and than 65 years ago. The new Constitution was unveiled by Nepalese fault lines in the Pacific Basin prone to earthquakes. President Ram Baran Yadav at a special ceremony held in Parliament Alexis Tsipras sworn in as prime minister of Greece at Kathmandu. It should be noted that this is fifth constitution Left-wing leader Alexis Tsipras has been sworn in as prime minister enacted by Nepal. The previous four constitutions were enacted in of Greece after his Syriza party beat its conservative rivals in 1959, 1962, 1990 and 1999. The new Constitution has been drafted Sunday’s parliamentary elections.It’s a second chance for Tsipras by second Constituent Assembly (CA) which was elected in 2013. to see through reforms and implement a third bailout with lenders. Chairman of CA was Subash Nemwang. The first CA established Earlier in January 2015, he had sworn in for first becoming youngest 2008 after the abolishment of the Himalayan country’s 240-year- PM of Greece since 1865 at the age of 40. old Hindu monarchy was not able to finish its task despite four extensions. Japan’s Parliament passes 2 Security laws to amend its pacifist constitution Constituent Assembly rejects proposal to declare Nepal as Japan’s upper chamber of Parliament approved controversial bills a Hindu state allowing the country’s military to engage in overseas combat in The Constituent Assembly of Nepal on 14 September 2015 limited circumstances — a major shift after seven decades of overwhelmingly rejected the proposal to declare Nepal a Hindu pacifism. These laws are considered as major defence policy shift state and reaffirmed to remain secular. Pro-Hindu National of Japan that could let troops fight overseas for the first time since Democratic Party Nepal made the proposal to amend the 1945. They also in turn loosen the limits of the pacifist constitution Constitution to make the country a Hindu state. The proposal to on the military and allow Japan to get involved in collective self- amend the constitution received the support of only 21 lawmakers defence. The major defence policy shift of Japan comes in the light in the 601-seat Constituent Assembly, which means that the of China’s increasing military strength and assertiveness in the proposal was rejected by more than two-thirds of the members. Asia-Pacific region. Earlier Article 9 of Japan’s Pacifist Constitution renounced of war and clearly mentioned Japanese people forever China, Pakistan launch joint ‘Shaheen (Eagle) – 4’ Air Drill renounce war as a sovereign right and will not use military force as China and its strategic partner Pakistan have launched fourth edition means for settling international disputes. However, new security of air exercise called Shaheen (Eagle)-4 in China. Chinese air force laws allow Japanese troops to fight abroad in case of collective by this joint air exercise is willing to expand the scope of cooperation self-defence or Japan’s survival is threatened. It will also give fillip with various countries in the region. The first edition of such joint to defence expenditure and industry of Japan which is presently air drill between both countries took place in Pakistan in March 9th largest country in terms of defence expenditure. 2011. Late in September 2013 the second drill took place in China’s western Xinjiang Uygur region and third drill again took in Afghan refugee teacher Aqeela Asifi named for 2015 Pakistan’s Punjab province in May 2014. UNHCR Nansen Refugee Award Afghan refugee teacher Aqeela Asifi has won the 2015 United Hungary declares state of emergency over refugee crisis Nations High Commissioner for Refugees (UNHCR) Nansen Hungary’s government declared a state of emergency in its two Refugee Award. As a teacher, she has been recognised for her tireless regions of Csongrad and Bacs-Kiskun , saying it would bring a halt and brave dedication to educate Afghan refugee girls in the Kot to refugees attempting to pass through its territory and into Western Chandana refugee village in Mianwali, Pakistan by overcoming the Europe. This move could pave the way to bringing in Hungary’s struggles of life in exile. military to patrol the frontier bordering Serbia to stop illegal influx. This declaration comes after more than 10,000 people claiming to North Korea’s Yongbyon nuclear facility resumes operation be Syrian and Afghan refugees were detained by Hungarian police North Korea has resumed normal operations at the Yongbyon for illegally crossing the border from Serbia. Being a central complex, the country’s main nuclear facility. North Korea appears European nation, Hungary had emerged as epicenter of a refugee to be intensifying nuclear and development efforts crisis which had erupted after an unprecedented number of people that could lead to further international sanctions against the Kim

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 10 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Jong Un regime. North Korea’s state controlled media KCNA said Canada’s economy falls into a recession that the country’s main nuclear complex in Yongbyon was in full Canada’s economy has fallen into a recession for first time after operation. The reactor was shut down in 2007. North Korea global financial crisis of 2009. Statistics Canada, nodal national mothballed the Yongbyon reactor in 2007 under a six-nation aid- statistical agency of Canada has reported that its economy i.e. for-disarmament accord, but began renovating it after its last nuclear Gross Domestic Product (GDP) has retreated at an annual pace of test in 2013. When fully operational, the reactor is capable of 0.5 per cent from April through June 2015. In earlier quarter first producing around six kilos of plutonium a year – enough for one three months of the year 2015, the economic slowdown had nuclear bomb. appeared which had felled to 0.8 per cent. Technically, two consecutive negative quarters leads to recession. Malcolm Turnbull was sworn in as Australia’s new Prime In recent situation, Canada was dragged into the economic to slow Minister down due to external pressure of falling oil prices and economic Malcolm Turnbull was sworn in as Australia’s new Prime Minister, troubles in China. In an effort to revive the economy, Bank of becoming the country’s fifth premier in eight years after an internal Canada had cut interest rates twice in year 2015. Canada is the revolt in the ruling Liberal Party forced Tony Abbott to quit.Mr. world’s 11th-biggest economy and the United States’ (US) biggest Turnbull was sworn in by Governor-General Peter Cosgrove here, trading partner. replacing Abbott who was ousted during a surprise ballot of his colleagues last night. NEWS IN BRIEF

Singapore election: People’s Action Party returned in  Cow was declared as the National Animal of Nepal as sweeping victory per the new secular constitution of Nepal unveiled by The governing People’s Action Party (PAP) led by Prime Minister Nepalese President Ram Baran Yadav at a special Lee Hsien Loong won a decisive victory in Singapore’s general ceremony held in Parliament at Kathmandu. election, retaining its more than 50-year on power, according  Russian astronaut Gennady Padalka has returned to Earth to results reported online by Singapore’s Election Department. with the record for having spent the most time in The PAP won 83 of 89 seats on offer, while the opposition Worker’s space. The 57-year-old’s latest mission lasted 168 days, Party (WP) secured six seats. As per Constitution of Singapore, bringing his total to 879 days in space over five trips. This the Parliament has maximum term of five years after that it must be is two months longer than the previous record set in dissolved by the President and elections must be held within three 2005 by Russian Sergei Krikalev over six missions. months.  Jeremy Corbyn has been elected leader of the British Labour party. Queen Elizabeth II becomes Britain’s longest-reigning  The United Nations General Assembly on 10 September Monarch 2015 gave its approval to Palestine country’s resolution Queen Elizabeth II on 9th September 2015 became the longest- under which this country’s flag will fly at the United reigning Monarch of Britain and the longest-reigning female monarch Nations (UN) despite this country not being a member in history. She surpassed the previous record held by her great- of the UN. great-grandmother, Queen Victoria who had reigned thousand-year-  According to the information disclosed by Lebanese old dynastical institution of Britain for more than 63 years and 7 sources and confirmed by the U.S. officials, Russia has months. It should be noted that, presently Queen Elizabeth II (88 recently joined the ongoing war in Syria by backing years old) is world’s oldest living monarch. President Bashar al-Assad’s forces.  China on 3 September 2015 held a special military parade Qatar sent 1,000 ground troops to fight Yemen’s rebels to commemorate the 70th anniversary of its victory over Gulf nation of Qatar has deployed a thousand ground troops to Japan during the World War II (WW-II) in 1945. In the Yemen to counter the Shia Houthi rebels who have taken over the parade, China’s military might was showcased including country. Earlier in March 2015, Qatar along with other Gulf the anti-ship carrier killer missile Dongfeng-21D. During Cooperation Council (GCC) members (expect Oman) had signed a the occasion, Chinese President Xi Jinping announced to joint statement with Saudi Arabia to form coalition in order to take reduce the strength of the People’s Liberation Army military action against the rebels in order to bring regional stability (PLA) by 3 lakh by 2017. in the Gulf region.  President of Greece’s Supreme Court Vassiliki Thanou has been appointed as the first female Prime 6th Indo-Maldives Joint Military Exercise, KUVERIN 2015 Minister of the heavily indebted country which is center begins in Thiruvananthapuram of Eurozone crisis. With an Aim to acquaint forces of both countries with each other’s  India has lost solar case against United States at the operating procedure and increase understanding and World Trade Organisation (WTO). Dispute Settlement interoperability, the sixth Indo-Maldives joint Training Body (DSB) of WTO has ruled that, India’s requirement Exercise, KUVERIN 2015 has commenced at Pangode Military of only domestic solar equipment’s for its ambitious Station in Thiruvananthapuram district of Kerala. In this edition of Jawaharlal Nehru National Solar Mission (JNNSM) is joint exercise, total of 45 soldiers each from Indian Army (BIHAR inconsistent with the international trade norms.In 2014, Regiment) and the Maldivian National Defence Force will take part.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 11 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

US had dragged India in DSB of WTO against its JNNSM and IIT- Delhi ranked 179th respectively. Top five: Harvard which favoured only to use locally manufactured solar University (second), University of Cambridge (third), Stanford equipment. US in its appeal had alleged that, the state University (fourth), California Institute of Technology-Caltech sponsored programme of India has discriminated (fifth). importation of solar equipment manufactured in US.  Pakistan has banned the Islamic State (IS) militant group Indra Nooyi, 2nd powerful women in 2015 Fortune’s which has undertaken vast stretches of Iraq and Syria in business list its control. This decision was taken Pakistan Government India-born Nooyi was placed at second position in 2015 edition of on the recommendation of the Foreign Office, which Fortune’s list of 50 Most Powerful Women in Business.This edition regularly updates it about international militant groups of the list was topped by General Motors CEO Mary Barra. She banned by the United Nations (UN). heads United States largest auto-maker and it is her second year as  India has strongly pitched for finalisation of the head. Third position: Ginni Rometty, CEO of IBM. Fourth Comprehensive Convention on International Terrorism position: Marillyn Hewson, CEO, Chairman and President of (CCIT) and UN Security Council (UNSC) reforms. On Lockheed Martin. Fifth position: Ellen Kullman, CEO and behalf of India, these issues were stressed by Union Chairman of DuPont. External Affairs Minister Sushma Swaraj during her meeting with the President-elect of the UN General Seven Indian figure in Forbes Asia’s new list of Assembly (UNGA) Mogens Lykketoft who is on official Philanthropists two-day visit to India. Seven Indians have featured in the new group of philanthropists in the latest 9th edition of Forbes Asia magazine in the Asia-Pacific INDEX region. Infosys co-founders Nandan Nilekani, Senapathy Gopalakrishnan and SD Shibulal have been featured in the list. Gujarat tops in ease of doing business in India: World Bank Rohan Murthy, represented his father, Infosys co-founder NR Report Narayana Murthy as a philanthropist in the list. He had donated The World Bank report titled Assessment of State Implementation US 5.2 million dollars to Harvard University Press for promoting of Business Reforms was released in New Delhi under the aegis of ancient Indian literary classics. the Confederation of Indian Industry (CII). Gujarat has been placed Sunny Varkey who has pledge to donate half his fortune worth US to top position in World Bank’s first ever ranking of States on the 2.25 billion dollars as charity as a follow-up to the Giving Pledge ease of doing business in India. Top 5 States: Gujarat (71.14%), Initiative, led by Bill Gates and Warren Buffet. (70.12%), Jharkhand (63.09%), Chhattisgarh Varkey is the founder of GEMS Education which is based in Dubai. (62.45%) and Madhya Pradesh (62.00%). Bottom 5 states: It has a chain of 70 private schools in 14 countries. Mizoram (6.37%), Jammu and Kashmir (5.93%), Meghalaya London-based India-born brother entrepreneurs Suresh (4.38%), Nagaland (3.41%) and Arunachal Pradesh (1.23%). Ramakrishnan and Mahesh Ramakrishnan also have featured in the list. They are founders of Whitcomb & Shaftesbury Tailors on Mukesh Ambani India’s richest person for 9th consecutive London’s Saville Row. year: Forbes NEWS IN BRIEF Industrialist Mukesh Ambani was named India’s richest for ninth year in a row with a net worth of $18.9 billion even as his wealth  The 8th edition Global Innovation Index (GII) 2015 was dipped by $4.7 billion in a year, while ecommerce giant Flipkart’s released on 17 September 2015 jointly by Cornell founders made their debut on the country’s top 100 rich list. As University, INSEAD and the World Intellectual Property per Forbes magazine’s latest India rich list released tonight, Ambani Organization (WIPO).The index is topped by was followed by Sun Pharma’s Dilip Shanghvi as second richest Switzerland for being the most innovative with a net worth of $18 billion, while Wipro’s Azim Premji retained nation.Although India’s ranking has slipped further to his third place with $15.9 billion.Flipkart’s co-founders Sachin 81 in the list, compared to 76 in 2014, but it remained at and Binni Bansal made their debut at 86th position with a net the top of the regional ranking of Central and Southern worth of $1.3 billion each. Top 10: Mukesh Ambani (18.9 billion Asia.The index shows the new ways through which dollars), Dilip Shanghvi (18 billion) of Sun Pharma, Azim Premji emerging-economy policymakers can boost innovation (15.9 billion) of Wipro , Hinduja brothers (15.9 billion), Pallonji and spur growth by building on local strengths and Mistry (14.7 billion), Shiv Nadar (12.9 billion), Godrej family ensuring the development of a sound national innovation (11.4 billion), Lakshmi Mittal (11.2 billion), Cyrus Poonawala environment. (7.9 billion) and Kumar Mangalam Birla (7.8 billion).  Llyod’s City Risk Index 2015-2025 was released on 3 IIT- Delhi, IISc figured in the top 200 World University September 2015. The Index is the first of its kind as it Rankings quantified the expected loss to cities’ Gross Domestic Product (GDP) from various natural and manmade Indian Institute of Science (IISc), Bangalore and Indian Institute of threats.While Taipei topped the Index with 181 billion Technology (IIT) Delhi are two India institutes to figure in the top US dollars, Mumbai is expected to face maximum risk 200 in QS World University Rankings of 2015-16. In this edition in India with 47 billion US dollars potential loss. of annual global university ranking list, IISc Bangalore ranked 147th 

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 12 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 NATIONAL NEWS

Centre announces Rs 1,000-cr special assistance for AP Union Cabinet approves Shyama Prasad Mukherjee Rurban The Central Government has announced a ‘Special Assistance’ of mission for rural development Rs 1,000 crore to Andhra Pradesh during the current financial year The Union Cabinet has approved Shyama Prasad Mukherjee Rurban (2015-16).This includes Rs 350 crore at Rs 50 crore per district for mission (SPMRM) for its ambitious bid to spur social, economic the development of seven backward districts covering Rayalaseema and infrastructure development in rural areas. In this regard, Union and North Coastal Region and Rs 350 crore for the new capital of Government has earmarked over 5,000 crore rupees for the mission the State and Rs 300 crore for Polavaram irrigation project. to develop 300 clusters over next three years across the country.

Marathi film ‘Court’ selected as India’s official entry to Union Government notifies 20% provisional safeguard duty Oscars on certain categories of steel products Marathi film ‘Court’ has been selected as India’s official entry to In a bid to protect the domestic steel sector that is grappling with the Best Foreign Language category of the 88th Academy Awards problems of low demand, the finance ministry notified a 20 per 2016 (popularly known as Oscars). The film is directorial debut of cent provisional safeguard duty on certain categories of the metal. Chaitanya Tamhane who also has written story of the film. It has The notification on provisional safeguard duty was issued by Union been produced by Vivek Gomber and cast includes Vira Sathidar, Finance Ministry and it will continue for 200 days. This decision Vivek Gomber and Geetanjali Kulkarni etc. It should be noted that was taken based on earlier recommendation of the Directorate Court is third Marathi film to be shortlisted for India’s official General of Safeguards (DGS) to impose the duty to protect interests entry to Oscars. Other two films are Shwaas (2004) and of the domestic industry. DGS has recommended that the market Harishchandrachi Factory (2008). share of domestic steel producers has been declining since 2014 and is likely to fall from 45 per cent to 37 per cent in 2015-16. Indian Railways develops Hybrid Vacuum Toilets Indian Railways has developed a Hybrid Vacuum Toilet design 14 September observed as National Hindi Divas which combines the advantages of Vacuum toilets and those of National Hindi Divas is an annual literary-day celebrated on 14 Biotoilets. This newly developed toilet facility has been fitted on September in Hindi speaking regions of India and other countries trial basis in Dibrugarh Rajdhani. These toilets evacuate its discharge with Hindi speaking population.On the occasion of Hindi Divas, into a biodigester tank of the biotoilets which is fitted underneath the President of India, Pranab Mukherjee presented Rajbhasa the train coach of Indian Railways which does not need large space. awards in various categories at a function held at Rashtrapati The biodigester tank contains anaerobic bacteria that convert human Bhavan. These awards were instituted by the Rajbhasha Vibhag, faecal matter into water and small amount of gases (including Ministry of Home Affairs to recognize the excellent contribution methane) by the process of hydrolysis, acetogenesis, acidogenesis of Ministries, Departments and Nationalized Banks and others in and methanogenesis. the field of Hindi. National Hindi Divas is observed annually in India. Hindi Day is observed because on 14 September 1949, the PM Modi launched National Integrated Power Development Constituent Assembly of India adopted Hindi written in Devanagari Scheme (IPDS) in Varanasi script as the Official Language of the Union. To strengthen the transmission and distribution (T&D) networks, 100 per cent metering urban areas and smarten it with information Union Government extends e-Tourist Visa Scheme to 37 technology, Prime Minister Narendra Modi launched National more countries Integrated Power Development Scheme (IPDS) in Varanasi, Uttar Union Tourism Ministry has announced to extend e-Tourist Visa Pradesh. It was announced in Union Budget 2014-15 and is one of Scheme to 37 more countries in order to attract maximum foreign the flagship schemes of the Union Ministry of Power core attempt tourists in the country. With this extension, the total 150 countries to ensure 24×7 power for all. To start the scheme in Varanasi, PM will come under the ambit of e-Tourist Visa Scheme from present laid foundation stone of two power substations and Union 113 countries. By August 2015, more than 22,000 tourists have Government will provide 572 crore rupees to implement it. used this scheme to visit India, compared to 2700 tourists in August, 2014. Union Government had launched e-Tourist Visa Scheme (as Government bans Naga rebel group NSCN(K) for 5 years Tourist Visa on Arrival scheme) in November 2014. The scheme The govt. of India has banned Naga rebel group National Socialist seeks to tap the vast tourism potential of India which still remains Council of Nagaland (Khaplang) for five years. The organisation untapped and explored. has been banned under the Unlawful Activities (Prevention) Act, 1967. The NSCN was formed 1980 with an objective of establishing Union Government cancels registration of Greenpeace India a sovereign state of Nagalim by unifying all the areas inhabited by Union Government has cancelled licence of Greenpeace India, a the Naga people in Northeast India and Myanmar. non-profit Non-Governmental Organisation (NGO) to receive foreign donations. The license was cancelled by Union Ministry of Home Affairs as per under Section 13 of Foreign Contribution Regulations Act (FCRA), 2011.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 13 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Greenpeace India is the subsidiary of the global environmental  Indian Prime Minister Narendra Modi has become the group Greenpeace, a non-profit NGO. Greenpeace has its presence first political leader to have a mobile app, developed for in 40 countries across the world including in Europe, America, Asia him to digitally connect with the citizens of the country. and Pacific. Earlier in April 2015, MHA had suspended the license The PM himself launched the ‘Narendra Modi Mobile of Greenpeace India for six months for mixing foreign and domestic App’. The app not only connects the citizens of India funds and not disclosing the movement of its funds. with their Prime Minister, it also provides a platform to Greenpeace India had filed a petition challenging this suspension look into “comprehensive information on initiatives and in the Delhi High Court. The court had allowed the NGO to use achievements of the Union Government, including an two of its accounts for the purpose of receiving and utilising fresh ‘infographics’ section,” domestic donations for its day-to-day functioning.  India’s largest power generator National Thermal Power Corporation (NTPC) Limited has achieved a record of Union Government frames Smart National Common highest single-day electricity generation of over 733 Mobility Card Model to enable metro travel, shopping million units. Union Ministry of Urban Development has come out with a Smart  Union Government has given its nod to rename Delhi’s National Common Mobility Card (NCMC) model to enable famous Aurangzeb Road after former President of India seamless metro travel, shopping. NCMC card meets basic travel APJ Abdul Kalam. It was decided by New Delhi needs based on concept of stored value of money. It can be used for Municipal Corporation (NDMC) to rename road as APJ traveling by any means of transport and also enables account based Abdul Kalam Road, as the jurisdiction of the road comes retail shopping applications. The card does away with the need for under it. It should be noted that, the road was earlier carrying separate cards for banking and transit requirements. named after the Mughal emperor Abul Muzaffar Muhi- National Payments Corporation of India (NPCI) will be nodal ud-Din Muhammad Aurangzeb. agency in indigenously developing and managing of settlement and  National Institution for Transforming India (NITI) Aayog clearing of payments, simulating terminals and network, cards, has launched the second version of an open source web provide certified tools to vendors for and other services. Centre based tool India Energy Security Scenarios 2047 for Development of Advanced Computing (C-DAC) will develop calculator (IESS 2047). The tool was launched by the the specified standards and hardware for Metro gates and validators NITI Aayog Vice Chairman Arvind Panagariya at a along with related ecosystems for making NCMC card model function held at the Federation House in New Delhi. operational. IESS 2047 tool aims to explore wide range of potential future energy scenarios for India including for its diverse NEWS IN BRIEF energy supply and demand sectors leading up to 2047.  The Union Cabinet chaired by the Prime Minister  Union Government has approved six new proposals for Narendra Modi has approved the setting up of Indian Special Economic Zones (SEZs) proposals including four Sign Language Research and Training Centre (ISLRTC). from Information Technology and IT enabled Service ISLRTC will be set up as a Society under the Societies (ITeS) sector. Registration Act, 1860 and initially will be located at the The approved SEZ proposals are HCL IT City Lucknow- Institute for Physically Handicapped, New Delhi. set up IT/ITeS zones in Lucknow,  The Election Commission (EC) has introduced a symbol Uttar Pradesh. Loma IT Park Developer- set up IT/ITeS for “None of the Above (NOTA)” option to facilitate zones in Mumbai, Maharashtra. North Mumbai voters in exercising their NOTA option in elections.The International Commodity Township- It is proposed free symbol for NOTA option was designed by the National trade warehousing zone in Thane, Maharashtra. Institute of Design, Ahmedabad.  Union Cabinet gave its nod to amend the Central List of  All India Banjara Sangh(AIBS), an independent Other Backward Classes (OBCs) for Gujarat and organization has formed to fight for the pending issues Uttarakhand for inclusion of Sipai and Patni Jamat or of the Banjara community. Maharashtra MLC Haribhau Turk Jamat (all Muslims) from Gujarat and Kahar, Tanwar Rathod was as elected as the first national president of Singhariya from Uttarakhand in the list. the AIBS and the organization will have representations Union Cabinet chaired by Prime Minister Narendra Modi from all states of the country. The organization demanded gave 4 months extension (up to 31 December 2015) to that the community would be removed from the Other the 7th Central Pay Commission. Justice Ashok Kumar Backward Classes (OBC) list and a separate category be created for them with a grant of 7% reservation. Mathur is the Chairman of the Commission.  1965 Indo-Pak War Exhibition named Shauryanjali was inaugurated in New Delhi by Defence Minister Manohar Parrikar on 15 September 2015. The exhibition celebrates  the victory of India over Pakistan and remembers the supreme sacrifice of Indian soldiers.Remembering the unmatched valor and bravery of , Finance Minister Arun Jaitley unveiled a commemorative coin on the occasion.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 14 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 BILATERAL

Union Cabinet approves MoU with Cambodia for cooperation MoU on Air services: Allows to start a direct flight in tourism between the two countries. The Union Cabinet chaired by the Prime Minister Shri Narendra MoU on quick impact projects of MCG: It includes three Modi, has given its ex-post facto approval for signing a projects in the agriculture sector. Memorandum of Understanding (MoU) between India and India and Pakistan agreed to maintain peace along border Cambodia for cooperation in the field of tourism with an aim to after DG talk promoting bilateral tourism between the two countries. The MoU India and Pakistan have started a three-day Director General (DG)- was signed during the visit of the Vice President of India to Cambodia level border dialogue in New Delhi. Director General (DG) Border on 16th September, 2015. Security Force (BSF) D K Pathak is leading 23 member Indian Union Cabinet gives nod to amend MoU on Indo-German delegation and his counterpart Major General Umar Farooq Burki, Partnerships in Higher Education DG of Pakistan Rangers (Punjab) is leading a 16 members Pakistani The Union Cabinet gave its approval for minor amendments in delegation. earlier MoU signed to facilitate implementation of Indo-German In this dialogue both sides have decided to devise new strategies Strategic Partnerships in Higher Education Programme. Decision along the International Border in Jammu and Kashmir (J&K) to in this regard was taken by Union Cabinet meeting chaired by the put an end to incidents of ceasefire violations. They also agreed for Prime Minister Narendra Modi in New Delhi. In order to make maintenance of peace and tranquility on the border is the most changes, a Joint Declaration of Intent (JDI) between India and important issue and this needs to be implemented on the ground. Germany will be signed for implementation of Indo-German India, UAE agree to increase bilateral trade by 60% in next Strategic Partnerships in Higher Education programme. 5 years India-Pakistan Flag Meeting decides to defuse situation on India and (UAE) have agreed to enhance LoC cooperation in different areas including trade, commerce, energy, India and Pakistan has agreed to exercise restraint and work for defence, space, investments, security and combating Crime at the defusing the situation on the Line of Control (LoC), which has 11th session of the India-UAE Joint Commission meeting held in been witnessing repeated ceasefire violations as senior Army officers New Delhi. It was co-chaired by Union External Affairs Minister of the two countries held a Flag Meeting in Poonch sector of Sushma Swaraj and her visiting counterpart, Foreign Minister of Jammu and Kashmir. In this meeting Indian side was represented UAE Sheikh Abdullah Bin Zayed Al-Nahyan. by Brigadier H S Sareen while the Pakistani side was led by Key Point Brigadier Osman. Both nations also addressed a host of issues  Both sides will increase the bilateral trade by 60 per cent regarding ongoing ceasefire violations, sniping action and targeting over the next 5 years. of civilians on the LoC.  India will encourage UAE’s investment institutions to raise investments in India. India, Laos ink two MoUs to strengthen bilateral ties  Both countries agreed to work for early establishment of India and Laos have inked two key Memoranda of the planned India-UAE Joint Fund for investments in Understanding (MoUs) on Air services and Quick Impact the infrastructure sector in India. Projects under the Mekong-Ganga Cooperation (MGC) Two sides also signed MoUs on cooperation in the areas programme to strengthen bilateral ties between the two nations. of Higher Education and Scientific Research, These MoU’s were signed in presence of Indian Vice President Telecommunication and Tourism. MoU between the Hamid Ansari and his counterpart President of Lao Choummaly Federation of Indian Chambers of Commerce (FICC) Sayasone in Vientiane. and Federation of UAE Chambers of Commerce and MoU’s signed are Industry was also signed.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 15 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

NEWS IN BRIEF Reliance Defence Ltd inks MoU wit Abu Dhabi Ship Building Anil Ambani-led Reliance Defence Ltd (RDL) has signed an MoU  India and Australia have agreed to deepen their bilateral with Abu Dhabi Ship Building to set up a strategic partnership for defence partnership based on their shared strategic construction of naval ships, including frigates and destroyers to interests by setting up of a joint working group on address the demands of Gulf Cooperation Council (GCC), over defence research and material cooperation. This decision the next 10 years. Both signatory parties are also going to was taken after the delegation-level talks between Union incorporate a joint venture (JV) company which will encompass Defence Minister Manohar Parrikar and his visiting both construction of new naval vessels as well as repair, maintenance, Australian counterpart Kevin Andrews in New Delhi. overhaul and refit opportunities of existing commercial and naval  The three million strong Indian Diaspora in the United vessels in the Gulf region. In this proposed JV Company, RDL States (US) launched Mission 2022. It was launched in will be the majority partner with 51 per cent stake and ADSB will partnership with the Confederation of Indian Industries have 49 per cent of stake. (CII) to make US-India partnership a defining partnership of the 21st century. The Mission 2022 will have a series NEWS IN BRIEF of dialogues with the Diaspora over the next seven years  Andhra Pradesh government has inked a Memorandum as India turns 75. These dialogues will be held every six of Understanding (MoU) with the Tata Institute of Social months. Sciences (TISS) to increase employability of students in  The 4th meeting of the India-Kuwait Joint Working the state. The MoU was inked on the occasion of Group on Hydrocarbons was held in New Delhi.The Teacher’s Day (5 September) in presence of Chief meeting was jointly headed by Ashutosh Jindal, Joint Minister N Chandrababu Naidu in Visakhapatnam. Secretary (International Cooperation), Ministry of  The City of Toronto and the Federation of Indian Petroleum & Natural Gas and Dr. Ahmad Al-Qattan, Chambers of Commerce and Industry (FICCI) has signed representative of the Kuwaiti Oil Sector.During the a Memorandum of Understanding (MOU) to engage in meeting, both sides discussed various issues of bilateral mutual co-operation and advance their common interests engagement in the hydrocarbon sector and expressed in the creative screen industries in Toronto and India. satisfaction at the progress achieved on the decisions taken during the 3rd Joint Working Group signed in 2014 in Kuwait.  The United Kingdom will fund a capacity building  programme for making Kolkata a low carbon city.

MOU

WADA inks MoU with China’s Sports Ministry to crack down on supply of PEDS The World Anti-Doping Agency (WADA) has inked a memorandum of understanding (MoU) with Sports Ministry of China to crack Within down on the supply and manufacture of performance-enhancing Months drugs (PEDS) in the country. Singing of MoU will help in exchange information between Interpol and China’s law enforcement agencies in order to target and dismantle PEDS producers and help other countries catch drug cheats among their athletes. WADA is global Non-Governmental Organisation (NGO) that aims at harmonizing anti-doping regulations in all sports and countries. It is collective initiative led by the International Olympic Committee (IOC). Headquarters: Montreal, Canada.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 16 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 ECONOMY & BANKING

RBI approves 10 entities to set up Small Finance Banks Union Cabinet gives nod to introduction of Gold Monetization The Reserve Bank of India (RBI) has granted in principle licences Schemes to 10 applicants to set up small finances banks, that are all mainly To make the existing GMSs schemes more effective and to put the microfinance and small finance companies. The selected applicants gold into productive use held by households and institutions in the are: Au Financiers (Jaipur), Capital Local Area Bank (Jalandhar), country rather than only mobilising it, the Union Cabinet approved Disha Microfin (Ahmedabad), Equitas Holdings (Chennai), ESAF introduction of Gold Monetization Schemes (GMS). The long- Microfinance and Investments (Chennai), Janalakshmi Financial term objective is to reduce the country’s reliance on the import of Services (Bengaluru), RGVN (Northeast) Microfinance (Guwahati), gold to meet domestic demand. GMS would benefit the Indian Suryoday Micro Finance (Navi Mumbai), Ujjivan gems and jewellery sector which is a major contributor to country’s (Bengaluru) and Utkarsh Micro Finance (Varanasi). exports by accounting 12 per cent of total exports. It would enable The 10 banks were chosen from the 72 applications received by depositors to earn interest on their on their gold accounts. These the RBI. Dewan Housing, former Union Bank CMD Cherian schemes are in addition to the implementation Sovereign Gold Varghese, IIFL Holdings, Lulu Finance, SKS Microfinance and Bond Scheme (SGBS) which was approved by the Union Cabinet. UAE Exchange were among some of the big names which didn’t get Under this scheme, bonds will be issued with an interest rate decided the licence. by Union Government and calculated on value at the time of What are small banks investment. The small finance bank will primarily undertake basic banking India, Belarus set trade target of 1 billion dollar by 2018 activities of acceptance of deposits and lending to unserved and India and Belarus have set a trade target of $1 billion to achieved underserved sections including small business units, small and by 2018.This target was decided at the Seventh Session of the marginal farmers, micro and small industries and unorganised sector India-Belarus Inter-Governmental Commission that was held in entities. Belarus capital Minsk . Both countries noted the potential to step RBI and Nepal Rastra Bank ink MoU for supervisory up cooperation in pharmaceuticals, machinery, energy, fertilizer, mining and tourism. They also agreed to facilitate business to information exchange business contacts to promote investment flows in the two countries. The Reserve Bank of India has signed an Memorandum of Both sides also expressed satisfaction in successful supply of Understanding (MoU) on ‘Supervisory Cooperation and Exchange equipment by state owned BHEL for the reconstruction of Grodno of Supervisory Information’ with the Nepal Rastra Power Plant-2 in Belarus. Bank(NRB). The MoU was signed by Nepal Rastra Bank’s Executive Director Narayan Prasad Paudel and RBI’s Executive RBI has decided to issue 5 rupees coins to commemorate Director Meena Hemchandra. With this RBI has signed 27 such 1965 Indo-Pak War. MoUs, one Letter for Supervisory Co-operation and one Statement The Banker of the Banks, the RBI has decided to issue 5 rupees of Co-operation. By signing the MoU, RBI is seeking to promote coins to commemorate golden jubilee year of 1965 Indo-Pak greater co-operation and share supervisory information among the War. The coins will be legal tender as provided in The Coinage Act authorities. 2011. Existing coins in this denomination will also continue to be Union Cabinet allows 100 per cent FDI under automatic legal tender. Points to Note route for white label ATMs The Union Cabinet has allowed 100 per cent foreign direct  The new coin in the obverse will bear Lion Capital of investment (FDI) under the automatic route for white label ATM Ashoka Pillar in the centre with Satyamev Jayate operations (WLAO). This decision will expedite and ease FDI inscribed below it inflows in WLAO further giving a fillip to the government’s  On the reverse it will bear image of ‘Amar Jawan’ ambitious effort to promote financial inclusion in the country, monument along with the design of olive leaves branch including the Pradhan Mantri Jan Dhan Yojna (PMJDY). on its left and right sides at the center, with the inscription White labeled ATMs “veerata aur balidan” in Devnagri script on the left upper Private non-bank companies that own and operate their own brand periphery and “VALOUR AND SACRIFICE” in English of ATMs are termed as White labeled ATMs. They were meant to on the right upper periphery. expand the reach of ATMs in Tier III to VI centres. As per RBI  The year “2015” is written below the image of the guidelines, it is mandatory to non-bank companies owning white monument. labelled ATMs to provide banking services to customers based on  cards (credit/debit/prepaid) issued by banks. Also, “GOLDEN JUBILEE 1965 OPERATIONS” in English on the lower periphery will also be written on this face of the coin.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 17 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Union Government notifies merger of FMC with SEBI professor of computer science and engineering at Lehigh Union Government has notified the merger of commodities market University. This novel technique works by transforming regulator Forward Markets Commission (FMC) with Securities disposable credit card information to electrical current Exchange Board of India (SEBI) with an effect from 28 September and driving a magnetic card chip to simulate the behavior 2015. This merger will create a unified regulator for commodities of a physical magnetic card. and capital markets which in turn will help streamline monitoring  Bank of Baroda won the first prize under the Rajbhasha of commodity futures trading and curb wild speculations in the Kirti Puraskar Scheme of GOI. This PSU bank has market.In this regard, Union Finance Ministry has issued a secured the award for its outstanding performance in notification mentioning that Regulation of Commodity Derivatives official language implementation under the category of Market will shift to SEBI under Securities Contracts Regulation nationalized banks in the linguistic region – B – for the Act (SCRA) 1956.Forward Contracts Regulation Act (FCRA), year 2014-15. 1952 gets repealed so does the FMC cease to exist. With this  The Employees Provident Fund Organisation (EPFO) merger, all three national and six regional commodity exchanges on 16 September 2015 increased the life insurance cover will come under the ambit of national capital market regulator of its subscribers from 3.6 lakh to 6 lakh rupees. The SEBI. central board of trustees (CBT), the highest decision- making body of the EPFO, also decided that the subscriber India to join UN’s Better Than Cash Alliance to achieve will not be required to continuous employment of financial inclusion one year in a company before being eligible for insurance Indian Government partnered with the United Nations’ (UN) Better benefit. Than Cash Alliance to share success stories from the financial  Google and Indian Railways have partnered to launch a inclusion programme Pradhan Mantri Jan-Dhan new project under the code name Project Nilgiri, that Yojana(PMJDY). The partnership is an extension of Indian will deliver free Wi-fi access to around 400 Government’s commitment to reduce cash in its economy. Digital railway stations across India. financial services lower the cost of providing financial services and  Paytm is planning to launch India’s first payments bank make it more convenient for poor people to access their by the end of this financial year and is counting on its accounts. The Better Than Cash Alliance is a partnership of mobile wallet experience to give it a clear advantage over governments, companies, and international organizations that established business houses that will be its main rivals. accelerates the transition from cash to digital payments in order to  Indian Bank MD and CEO M K Jain launched IndPay reduce poverty and drive inclusive growth. mobile app service to enables its customers to operate bank accounts anytime from anywhere.It aims at helping IDFC got RBI nod for using Rs 2,500 crore bank’s customers to access their bank accounts from any Infrastructure Development Finance Company (IDFC) gets RBI corner of the country. It can be operated through nod for using Rs 2,500 crore reserve as provision against bad loans. smartphones compatible with Android, iOS and Windows RBI has granted the approval to utilize non-distributable Statutory mobile operating systems. It will help customers to do Reserves of Rs 2,500 crore for the creation of specific provisions transactions like enquiries, transferring funds to any against stressed assets. IDFC’s banking operations will start from account and getting mini statements. October 1 with 20 branches. 15 out of 20 will be located in three districts of Madhya Pradesh namely, Khandwa, Harda and MERGER AND AQUISTION Hosangabad. Current CEO, Rajiv Lall executive will be its vice-  Healthcare firm Practo has acquired hospital management chairman and MD. Former Comptroller and Auditor General of software firm Insta Health Solutions for 12 million India (CAG) Vinod Rai, will be the non-executive chairman and dollars. Insta Health Solutions was founded by former Former Union home secretary Anil Baijal will be the Chairman top Wipro executive Ramesh Emani to improve the of IDFC bank. efficiency of doctors and hospitals across 15 countries. NEWS IN BRIEF  JK Tyre has signed a binding agreement with Kesoram  The Securities and Exchange Board of India (SEBI) Industries to acquire its Haridwar unit. This agreement imposed the biggest-ever fine of Rs. 7,269.5 crore on seeks to buy 100% equity in Kesoram Industries tyre PACL construction and real entity entity for illegal and unit in Uttarakhand in a deal value of 2,200 crore rupees. fraudulent mobilisation of funds. It should be noted that Kesoram sells its tyre under the  Asian Development Bank (ADB) lowered India’s gross Birla Tyres brand. domestic (GDP) growth projections for the fiscal year  State-owned Oil and Natural Gas Corporation (ONGC) (FY) 2016 to 7.4 percent from 7.8 percent projected in has bought a 15 per cent stake in Russia’s second-largest its March 2015 Outlook.For FY2015, Indian economy oil field Vankor from Rosneft for about 1.35 billion US growth is forecasted at 7.8 percent which is lower than dollars. In this regard, ONGC Videsh Ltd (OVL) the the earlier forecast of 8.2 percent. overseas investment arm of ONGC has signed agreements  A team of researchers have developed an inexpensive, to buy 15 per cent stake in the Vankor oil field located in secure method named SafePay prototype system to East Siberia. prevent mass credit card fraud using existing magnetic card readers. The research was led by Yinzhi Cao, assistant 

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 18 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 AWARD & HONOUR

Jhumpa Lahiri selected for 2014 National Humanities Medal Indra Nooyi, Shobhana Bhartia awarded 2015 Global Indian-American Pulitzer Prize winner Jhumpa Lahiri has been Leadership Award selected for the prestigious 2014 National Humanities Medal of Hindustan Times Group chairperson Shobhana Bharatia and White House. She has been selected for this award for enlarging the PepsiCo Chairman Indra Nooyi have been awarded 2015 Global human story and will be presented with it by US President Barack Leadership Award of the US-India Business Council (USIBC). Obama. Her debut short story collection Interpreter of Maladies They were honoured with this award for their roles as top women (1999) has won the 2000 Pulitzer Prize for Fiction. The Lowland leaders in the Business world and their commitment to driving a (2013) it was nominee for the Man Booker Prize. more inclusive global economy. Apart from them, renowned Indian- American artist Natvar Bhavsar was awarded the Artistic Gandhi Peace Prize 2014 conferred on ISRO Achievement Award. President Pranab Mukherjee presented the Gandhi Peace Prize for the year 2014 to Indian Space Research Organization (ISRO). EPFO gets Skoch Awards for Smart Governance Initiatives The President congratulated the Indian Space community on ISRO The Employees’ Provident Fund Organisation (EPFO) has received being awarded the coveted Gandhi Peace Prize. ISRO Chairman the SKOCH Award for smart governance for its initiatives on UAN AS Kiran Kumar received the honour, which includes Rs 1 crore in programme and transformation of social security agenda in India. cash, a plaque, and a citation. The Award has been given to ISRO in It is the 5th Award won by EPFO in the last two years for its recognition of its services towards transforming India through the initiatives for the welfare of various stakeholders. EPFO is a use of space technology and space-based services. The annual statutory body of Union Government that comes under the aegis Gandhi Peace Prize was instituted by the government of India in of Ministry of Labour and Employment. Headquarters: New Delhi. 1995 on the 125th birth anniversary of Mahatma Gandhi. Indian-origin author Sunjeev Sahota shortlisted for 2015 DRDO scientist Dr G. Satheesh Reddy conferred with Silver Man Booker Prize for Fiction Medal by Royal Aeronautical Society Indian-origin author Sunjeev Sahota has been short-listed for the Dr. G Satheesh Reddy, an eminent missile scientist of DRDO has prestigious 2015 Man Booker Prize for Fiction. Sunjeev Sahota’s been conferred with prestigious Silver Medal by London based novel “The Year of the Runaways” has been shortlisted which Royal Aeronautical Society (RAeS). He was bestowed with this deals with the life experience of illegal immigrants from the Indian medal in recognition of his pioneering contributions as one of the subcontinent in Britain. leading navigation and avionics experts and for promoting Aerospace and Aeronautics in India. Indian-American Swetha Prabakaran selected for Champions of Change award in US Bangladesh PM Sheikh Hasina wins UN Award for A 15-year-old Indian-American girl Swetha Prabakaran has been Leadership on Climate Change selected by the White House for the prestigious Champions of Bangladesh Prime Minister Sheikh Hasina has been selected for Change award. She was chosen for the award in recognition of her the United Nations Champions of the Earth award. UN efforts for empowering the community by imparting education of Environment Programme (UNEP) has chosen her for this Internet coding through her non-profit Organisation. The award is prestigious award in recognition of her country’s initiatives to given by White House to those who support working families and address climate change. Bangladesh is first developing country to help make change in their companies or communities. have a Climate Change Strategy and Action Plan which was prepared in 2009. It is also the first country to set up its own Climate Punjab Government wins award for achievement in rooftop Change Trust Fund which is supported by nearly 300 million US solar power output dollars from 2009-2012. Punjab Government has won first award in the category of highest capacity addition in grid connected solar rooftop power in the Dr Kamal Kishore Goenka conferred with 24th Vyaas country during the financial year 2014-15. It is one of 5 awards Samman won by Punjab New and Renewable Energy Department (PNRED) Eminent Hindi writer Dr Kamal Kishore Goenka has been conferred for outstanding performance in the various fields of Renewable with prestigious 24th Vyaas Samman for year 2014. He was Energy and Power Generation. bestowed with this award in recognition of his work ‘Premchand ki Kahaniyon ka Kaal Kramanusaar Adhyayan’.Vyas Samman was NEWS IN BRIEF instituted by the K.K. Birla Foundation in 1991. The award carries monetary award of 2.5 lakh rupees, a citation and a plaque.  Haryana Government has won the Skoch Order-of-Merit national award for implementing 6 e-Governance and IT initiatives in the state.  India has won the UNESCO prize ‘Award of Excellence’ 2015 for the conservation efforts of the Sree

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 19 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Vadakkunnathan Temple in Kerala. The top award was given in the Asia Pacific Heritage Award for Cultural Heritage Conservation. BOOK & AUTHOR  Critically acclaimed Marathi film ‘Court’ has been selected as India’s official entry to the Best Foreign Language  The book titled “Two Years Eight Months and Twenty category of the 88th Academy Awards 2016 (popularly Eight Nights” authored by the British Indian novelist known as Oscars).It has been produced by Vivek Gomber Salman Rushdie was released on 8 September 2015. and cast includes Vira Sathidar, Vivek Gomber and  The Vice President of India Shri M. Hamid Ansari released Geetanjali Kulkarni etc.The film also has won the Best a book entitled “Feminist and Orientalist Perspectives – Feature Film award at the 62nd National Film Awards in A Study of Lady Mary Montagu’s Turkish Embassy 2015. Letters” authored by Dr. Farha Hiba Parvez’ at a function · A class 9th student from Koraput district of Odisha, Lalita Prasida Sripada Srisai, bagged the prestigious  The book titled “To the Brink and Back: India’s 1991 Community Impact Award at the fifth Google Science Story” was in news in the first week of September 2015. Fair held in California on 22 September 2015.Lalita is a It was written by former Union Environment and Forest student of DPS Damanjodi in Koraput, Odisha and she Minister (Independent Charge) Jairam Ramesh.The book got the award for developing a low-cost bio-absorbent deals with fast-paced changes in the economic sector based water purifier, which aimed at cleaning waste water introduced by the duo P V Narasimha Rao and Manmohan by flowing through difference layers of corn cobs. Singh in 1991. · The Union Minister of Labour and Employment  Book titled “Globalisation, Democratization and BandaruDattatreya presented the Distributive Justice” was presented to Vice President VishwakarmaRashtriyaPuraskar (VRP) and National Hamid Ansari on 2 September 2015. The book has been Safety Awards (NSA) for the Performance Year 2013. authored by Mool Chand Sharma, Professor of Law at  Noted Indian agricultural scientist Dr Modadugu Vijay Delhi University and presently the Member of 20th Law Gupta has been chosen for the inaugural Sunhak Peace Commission of India. Prize for his pioneering work in the blue revolution. He  The Indian Air Force (IAF) commissioned book, “The has invested his entire life to developing sustainable Duels of the Himalayan Eagle: The first Indo-Pak Air aquaculture as an alternative solution to the future food War” was released on 1 September 2015. The book was crisis. released by Vice President Mohd. Hamid Ansari at the  Kolkata Port was adjudged as the ‘Major Port of the inauguration of the Tri-Services Seminar to commemorate Year’ amongst 12 major ports in the country for the year the Golden Jubilee celebrations of the India-Pakistan War 2014-15. of 1965 in New Delhi.  “The book 30 Women in Power: Their Voices, Their Stories” was in news in August 2015. It was written and edited by Naina Lal Kidwai.  Urdu copy of 105-year-old Shri Ramcharitmanas was  found from a scrap market at Hauz Khas in New Delhi. The book written by Shiv Brat Lal, a native of Bhadohi district, in 1904 and was later printed at Lahore’s Half- Tone press in 1910 was found in a pile of torn books three years ago.



B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 20 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

PERSON IN NEWS

Sourav Ganguly : Former Indian Cricket team captain Sourav Chandhok and Pooja Chandhok. Tirkey was discriminated against Ganguly has been appointed as President of Cricket Association because of her low caste. of Bengal (CAB). It was announced by West Bengal Chief Minister Mamata in Kolkata. Sourav Ganguly will succeed Jagmohan Sanjay Mahindru Rear Admiral Sanjay Mahindru took charge as Dalmiya as the post fallen vacant following his death. Flag Officer Submarines. He succeeded Rear Admiral SV Bokhare. Martin Winterkorn : Volkswagen Chief Executive Martin Matthias Muller was appointed as the Chief Executive Officer of Winterkorn has resigned following the revelation that the world’s Volkswagen Group. largest carmaker (in terms of sales) had manipulated US diesel car A K Jha: A K Jha has been given additional charge of interim emissions tests. His resignation comes after the German carmaker Chairman & Managing Director (CMD) of National Thermal Power admitted that it had deceived US regulator Environmental Corporation (NTPC) Limited. Protection Agency (EPA) in exhaust emissions tests by installing a device to give more positive results. StutiNarain Kacker was appointed as the head of National Commission for Protection of Child Rights (NCPCR). Dr. P Sivakumar has been elevated as Distinguished Scientist with immediate effect by the Union Defence Ministry Ministry. Rahul Rawail Filmmaker Rahul Rawail resigned from the Oscar Selection Jury.He resigned following the selection of National Ramesh Chand: Renowned Agriculture expert Professor Ramesh award-winning Marathi film Court as India’s official entry for Chand has been appointed as new full time member of National Oscars 2016 (88th Academy Awards) by the jury. Institution for Transforming India (NITI) Aayog. With this appointment he became third full-time member of NITI Aayog, KeshariNathTripathi West Bengal Governor Union Government’s think tank which had replaced the erstwhile KeshariNathTripathi was appointed as Governor of Tripura by Planning Commission. Besides Mr Chand, economist Bibek Debroy the President Pranab Mukherjee. and former DRDO chief V K Saraswat are other two full-time members of NITI Aayog. Arvind Panagariya, vice-chairman of Niti Aayog, has been appointed as the sherpa for G20 negotiations, a key responsibility Navtej Sarna: Secretary (West) in the Ministry, will be the new at a time when India is asserting its presence on the global stage. High Commissioner to the United Kingdom with effect from November 2015. He succeeded Ranjan Mathai. Zayn Khan was unanimously elected as the President of the Federation of Motor Sports Clubs of India (FMSCI). His Gautam Bambawale: India’s Ambassador to Bhutan will take appointment was necessitated by the death of R Bharath Raj, who over as High Commissioner to Pakistan. He succeeded TCA passed away while serving as President on August 15. Raghavan, who will retire on 31 December 2015. Elattuvalapil Sreedharan Metro Man Elattuvalapil Sreedharan Syed Akbaruddin: Additional Secretary in-charge of Indo-Africa has been invited to the United Nations’ High Level Advisory Group Summit to be held in October 2015 will be the next Permanent on Sustainable Transport (HLAG-ST). He has been invited by Representative of India to the United Nations, New York. He will UN Secretary General Ban Ki-moon to serve on his HLAG-ST for replace Asoke Mukerji. a period of three years. Mr. E Sreedharan has accepted this offer.

Vijay Gokhale: India’s Ambassador to Germany will be the Rakesh Sharma was appointed as Managing Director (MD) and Ambasador to China. He succeeded Ashok Kantha. Chief Executive Officer (CEO) of Bengaluru-headquartered Canara Bank. Prior to this appointment, Sharma was the MD and CEO of Anil Wadhwa: Secretary (East) will be the new Ambassador to Lakshmi Vilas Bank since March 2014, where in a short span of 18 Rome. months, he helped the private sector lender excel in all parameters. Pankaj Saran: He will replace PS Raghavan as the Ambassador Shashidhar Sinha The CEO of IPG Mediabrands India, of Moscow. Shashidhar Sinha, was elected as chairman of ABC during the 67th Harsh V Shringla: Indian Ambassador to Bangkok will now be Annual General meeting for the year 2015-16. serving as High Commissioner to Bangladesh. Rajiv Mangla Former Adobe executive Rajiv Mangla has been Sujan Chinoy : Indian Ambassador to Mexico will now be the appointed as Chief Technology Officer (CTO) of eCommerce major Ambassador to Japan and replace Deepa Wadhwa. Snapdeal.

Permila Tirkey, a tribal woman from India working as a maid in World No. 1 tennis player Novak Djokovic from the United Kingdom won the country’s first caste discrimination Serbia has been appointed as a new goodwill ambassador of the case. She won the case against her Indian-origin employers Ajay United Nations Children’s Fund (UNICEF).

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 21 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Girish Sahni assumed charge as the Director General of the Council of Scientific and Industrial Research (CSIR) VANIK’S KNOWLEDGE GARDEN Dilip Vengsarkar Former India captain Dilip Vengsarkar has been Important Committees elected unopposed as the president of the Association of Indian 1. Suma Verma Committee - to update, and revise Statisticians and scorers of India at its AGM. Vengsarkar is also the Banking Ombudsman Scheme, 2006. the vice president of the Mumbai Cricket Association. 2. Damodran Committee: on improvement of OBITUTARY customer services in banks . BCCI President Jagmohan Dalmiya passes away 3. Shri M. Narasimham Committee: on Banking Board of Control for Cricket in India (BCCI) president Jagmohan Sector Reforms. Dalmiya passed away in Kolkata. The former International Cricket Council (ICC) chief was 75.He had been admitted with chest pain 4. Shri Raghuram Rajan Committee: on Financial to a city hospital few days ago and had undergone a surgery. He Sector Reforms. passed away within 72 hours of the heart surgery. As a cricket 5. Shri B. Mahapatra Committee: to review the administrator, he is hailed as the architect for the rise of Cricket in India and its financial superpower. existing prudential guidelines on restructuring About Jagmohan Dalmiya of advances by banks/financial institutions.  Dalmiya was involved with the BCCI for more than 6. Shri Aditya Puri Committee: Dissemination of three decades and had started his journey as its treasurer Credit Information. in 1983 before becoming its secretary. 7. Shri K.U.B. Rao Committee: recommended  For the first time, he became BCCI president in 2001 and continued till 2004. aligning gold import regulations.  For second time, he became President of BCCI in March 8. K M Chandrasekhar committee : for 2015. rationalization of foreign investment norms.  Dalmiya also had served as President of the International Cricket Council (ICC) from 1997 to 2000. 9. Shri Pulak Kumar Sinha Committee: to study  He was first Indian and first Asian to head the ICC. the feasibility of Aadhaar as an additional  He was also instrumental in organising cricket World factor. for authentication of card present Cups to the Indian sub-continent in 1987 and 1996. transactions Yogi Berra: Baseball legend Yogi Berra from United States has passed away. He was 90. 10. Mukul Mudgal Committee: looking into US Jackie Collins: British-American romance novelist Jackie Collins giant Walmart's lobbying activities to enter passed away on 19 September 2015 in California, United States. India. Bal Pandit Veteran cricket Marathi commentator Bal Pandit passed 11. MBN Rao Committee: to prepare the blueprint away in Pune, Maharashtra. of India’s first women’s bank. D Gilroy Renowned American playwright, screenwriter and film producer and director Frank D Gilroy passed away in Monroe, 12. Arvind Mayaram Committee –for giving clear New York. In 1965, he has won prestigious Pulitzer Prize for definitions to Foreign Direct Investment Drama for his play The Subject Was Roses. (FDI) and Foreign Institutional Investment Kalamandalam Sathyabhama : Kalamandalam Sathyabhama, (FII). doyen of classical dance form Mohiniyattam passed away in Palakkad district of Kerala. Mohiniyattam is a classical dance form from Kerala and is considered as a very graceful form of dance meant to be performed as solo recitals by women. Ramaswamy R. Iyer Renowned water policy expert Ramaswamy R. Iyer passed away in New Delhi following a severe bout of viral fever. He was instrumental in drafting India’s first National Water Policy in 1987. Aadesh Shrivastava :Eminent Bollywood Music composer Aadesh Shrivastava passed away in Mumbai, Maharashtra. He was 49 and died due to cancer.



B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 22 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 PLACE IN NEWS

Mecca In the worst Hajj tragedies in recent years, more than 700 West-Central Railway persons were killed and hundreds other were injured in a The West-Central Railway (WCR) zone headquartered in Jabalpur, stampede outside the holy city of Mecca during the annual Hajj Madhya Pradesh has become the first Railway Zone in Indian pilgrimage in Saudi Arabia on 24 September 2015. This stampede Railways to eliminate all unmanned level crossings. This target took place at Mina near Mecca. was achieved by constructing 33 Limited Height Sub Ways (LHs) Los Angeles, California The 9th Regional Pravasi Bharatiya and manning of 30 level crossings. It is a being considered as a big Diwas (RPBD) will be held at Los Angeles, California, USA from success in the safety initiative of Indian Railways as unmanned 14 November to 15 November 2015. The Theme for RPBD Los railway crossings continue to remain a deathtrap in India as alone it had killed 126 people in 2014-15. Angeles will be – The Indian Diaspora: Defining a New Paradigm in India-US Relationship, capturing the ethos of Durban, South African ongoing relationship between India and USA and the important South African city of Durban has been selected as the host for the role being played by Diaspora in this regard. 22nd edition of Commonwealth Games to be held in 2022. 22nd Badarpur-Faridabad: Prime Minister Narendra Modi inaugurated Commonwealth Games would be held from 18 to 30 July 2022. Badarpur-Faridabad Metro in Delhi National Capital Region (NCR). The opening ceremony will be held on the birth date of the late The metro corridor will connect the national capital with the satellite South African President and Anti-apartheid leader Nelson Mandela. town and give impetus to economic growth in the region by fast For the first time in the history of Commonwealth Games, African transportation of people. It’s all stations and depot have been nation has been chosen as host of the Games. Australian City of equipped with solar power plants. It is the 14 kilometre long Gold Coast is hosting 21st edition of Commonwealth Games to be corridor and has nine stations from Sarai (Delhi) to Escorts Mujesar. held in 2018. Rivers Godavari and Krishna Interlink North America, Mount McKinley US President Barack Obama Andhra Pradesh Chief Minister N. Chandrababu Naidu formally ahead of his three-day visit to Alaska to highlight the issue of interlinked the waters of the Rivers Godavari and Krishna at the climate chang, renamed the name of tallest mountain in North Ibrahimpatnam Ferry village, which is located about 20-kilometers America Mount McKinley to its original native name Denali. It from Vijayawada.The linking of these two major rivers will facilitate was renamed following the lead of the state of Alaska, US usage of about 80 TMC of the 3,000 TMC of Godavari waters Department of the Interior (USDoI) in conjunction with the US that goes waste into the sea every year for irrigating the often Board on Geographic Names (USBGN). The summit elevation of drought-hit delta region of River Krishna.The interlinking of the Mount Denali is 6,190 m above sea level. It is located in the Alaska river waters fulfills a long cherished dream of farmers of the Krishna Range and Denali National Park in the US state of Alaska. and Guntur Districts. NEWS IN BRIEF

Perumanna Grama Panchayat:To overcome water scarcity and  An Indian monk GyalwangDrukpa, in September 2015 to carry out remedial measures Perumanna Grama Panchayat helped restore and renovate a 2000-year-old lost in Kozhikode district of Keralahas become the first Panchayat NangchenStupa with Lord Buddha relics sent by Emperor in the State, to declare a water policy on the lines of the State Ashoka government’ s water policy declared in 2008  Islamic State (IS) militant group has destroyed part of Leh, Ladakh : Celebration of the week long annual Ladakh Festival historical Temple of Bel in the ancient site of Palmyra in has begun at Leh town in Ladakh region of Jammu and Kashmir. Syria. The ancient temple was dedicated to the Palmyrene The festival has been organized by the Jammu and Kashmir Tourism gods and was one of the best preserved parts of the department in collaboration with the concerned stakeholders. The historical sites of Palmyra. festival is celebrated to extend the short tourism season of Ladakh.  Prime Minister Narendra Modi on 11 September 2015 inaugurated a new terminal of Chandigarh airport. This Bodhgaya: Describing Bodh Gaya as the “land of enlightenment”, new terminal will handle both domestic as well as Prime Minister Narendra Modi announced to develop Bodhgaya international flights and will be operated and maintained in Gaya district of Bihar as Spiritual Capital of the country in by Chandigarh International Airport Ltd (CHIAL). order to serve the civilisational bond between India and the Buddhist Punjab and Haryana governments have equal stake in world.In his address Prime Minister called Gautam Buddha as CHIAL. India’s crown jewel and called Bodh Gaya as the land of  The largest volcano of Japan Mount Aso Volcano erupted enlightenment. on 14 September 2015. The eruption blasted a plume of black smoke 2-kilometer high and the ashes from the volcano fell up to 4-kilometer away.

 B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 23 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 SPORTS CRICKET Women’s Doubles Title- Sania Mirza (India) and Australian Cricketer Shane Watson announces retirement (Switzerland) pair won the Switzerland women’s Doubles trophy of the US Open. In the final match, they defeated, Casey Dellacqua from Test cricket (Australia) and Yaroslava Shvedova (Kazakhstan) pair. It was their Veteran all-rounder cricketer Shane Watson from Australia has fourth title of this season after winning Wimbledon Championship, announced his retirement from International Test cricket. He BNP Paribas Open and WTA Family Circle Cup doubles title debuted in international cricket in 2002, playing his first ODI earlier. against South Africa. In 2010 he was awarded Allan Border Medal Mixed Doubles Title- Leander Paes (India) and Martina Hingis and again in 2011. He is only the second player (after Ricky (Switzerland) pair won the Mixed Doubles trophy of Final Grand Ponting) to win back-to back Allan Border Medals. Slam of the US Open. In the summit clash 4th seeded Indo-Swiss Cricket career pair defeated American pair of Bethanie Mattek-Sands and Sam Test: He had played 59 matches and scored 3,731 runs with an Querrey. It was their third title of this season after winning average of 35.20. His highest test score was 176. He had bowled and Wimbledon Championship earlier. 5,495 balls and took 75 wickets at an average of 33.68 runs. ODI: He had played 190 matches and scored 5,718 runs with an OTHER SPORTS average of 40.55. His highest ODI score was 185 (not out). He had bowled 6,406 balls and took 168 wickets at an average of 31.79 Hangzhou City of China chosen to host 2022 Asian Games runs. Capital city of Zhejiang Province Hangzhou in East China has T20s: He had played in 48 matches and scored 1,156 runs with an been chosen by the Olympic Council of Asia (OCA) to host the average of 26.88. His highest T20 score was 81. He had bowled 2022 Asian Games. Hangzhou was the only candidate city for the 756 balls and took 39 wickets at an average of 24.56 runs. 2022 Asian Games i.e. XIX edition of games. This decision was taken by the OCA at its 34th Congress held in Ashkhabad, NEWS IN BRIEF Turkmenistan. Asian Games also known as Asiad is a pancontinental  The International Cricket Council (ICC) announced that multi-sport event (44 sports events) among athletes from all over former West Indies cricket captain Richie Richardson is Asia. appointment to the Elite Panel of ICC Match Referees.  Union Ministry of Youth Affairs and Sports has  Mumbai has won the Buchi Babu Memorial Trophy in recognized the Indian Kalarippayattu Federation (IKF) the All India invitation cricket tournament. In the final as Regional Sports Federation (RSF) with an immediate match played at Chennai, they defeated Tamil Nadu effect. Kalaripayattu sport is a Martial art played/ Cricket Association Districts (TNCA) XI team by six performed in Southern state of Kerala and in contiguous wickets. parts of Tamil Nadu.  Veteran Test cricketer of West Indies  India’s Ajay Jayaram has won silver medal in 2015 Korea ShivnarineChanderpaul was on 12 September 2015 Open Badminton tournament in the Men’s singles honoured with the Icon Award by the Indo-Caribbean category. Alliance.  Ferrari driver Sebastian Vettel from Germany has won  South African skipper AB de Villiers on 26 August 2015 2015 Singapore Grand Prix of Formula One. became the fastest batsman to reach 8000 One Day  Indian Wrestler Narsingh Pancham Yadav has secured International (ODI) runs. De Villiers, who went past quota for India in the 2016 Olympic Games. He qualified 8000 runs in just his 182 innings, broke the previous for Olympic Games after winning a bronze medal in the record held by former Indian captain Sourav Ganguly. Men’s 74 kg Freestyle category at the World Wrestling Ganguly achieved the fete in 200 innings. Championship held at Las Vegas, United States.  Indian Golfer Anirban Lahiri has become the first TENNIS Indian to qualify for the prestigious President’s Cup of Golf. 2015 US Open Titles of Tennis  Indian weightlifter Deepak Lather won a gold medal in Men’s Singles title- Novak Djokovic of Serbia has won the US fifth Commonwealth Youth Games (CYG) held in Apia, Open Men’s Singles title. In the summit clash he defeated Roger Samoa. Federer of Switzerland  Mercedes driver Lewis Hamilton of Britain won 2015 Women’s Singles Title- Italy’s Flavia Pennetta has lifted the Italian Grand Prix of Formula One. This was his seventh Women’s Singles trophy of the US Open. victory of the season. 1st position: Lewis Hamilton Men’s Doubles Title- French pair of Pierre-Hugues Herbert and (Britain) of Mercedes. 2nd position: Sebastian Vettel Nicolas Mahut won the Men’s Doubles trophy of the US Open.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 24 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(Germany) of Ferrari. 3rd position: Felipe Massa (Brazil) VANIK’S KNOWLEDGE GARDEN of Williams.  Indian boxer Vikas Krishan has won the silver medal in BOSS – Bharat Operating System Solutions the Asian Championships held in Bangkok, Thailand. Bharat Operating System Solutions (BOSS) is a free and open  Union Ministry of Youth Affairs and Sports has decided source Linux distribution for usage in Indian government to recognize Yoga as a sports discipline and place it in the Priority category. departments developed by the National Resource Centre for Free/  Robert Lewandowski, Bayern Munich footballer created Open Source Software (NRCFOSS) of India. BOSS GNU/Linux is history by scoring five goals in nine minutes in a also known by the acronym BOSS. The Union Govt. during January Bundesliga match.  England is hosting the ongoing 8th Rugby World Cup in 2015 asked states to deploy the open source Linux-based operating which 20 countries are participating. system BOSS meant to run official computers. BOSS is being  Jamaican athlete Usain Bolt has won world 200 metre proposed as a ‘homegrown’ alternative to the Microsoft Windows title in the World Athletics Championships held in , China. operating system, which is the predominant OS in use across Central  Government Chawngfiang Middle School of Mizoram and state government computer systems, alongside other Linux won the sub-Junior (Under-14) title of the 56th Subroto variants such as Redhat and Ubuntu, as well as Android and Unix Cup International Football Tournament. systems.  Abdul Bari Siddiqui, a senior leader of Rashtriya Janata Dal (RJD) was elected as President of Bihar Cricket NMET – National Mineral Exploration Trust Association (BCA).  Indian Air Force (IAF) won the 2015 All India Baba NMET is the name given to a new seed trust floated by the Union Farid Gold Cup hockey title in Faridkot, Punjab.IAF Govt. during January 2015, which has primarily been established defeated the Army XI 2-1 to lift the 24th edition of the to promote more exploration of non-coal minerals and meet the championships.  The Indian Wushu team secured 12 medals comprising growing needs of the domestic steel, aluminium, copper and other of one gold, four silver and seven bronze medals at the utilities. This seed trust has been established with an initial corpus Fifth International Pars Wushu Cup held in Tehran. of Rs. 500 crore. The Mines and Minerals (Development and  Mariko Kipchumba of Kenya won the annual Beijing International Marathon. He finished the 42.195-km Regulation) (Amendment) Ordinance, 2015 was promulgated to course in 2 hours 14 minutes and 25 seconds. establish NMET. As per the ordinance, holders of mining leases or  The Asian Football Confederation (AFC) on 6 August prospecting-cum-mining leases would pay to the NMET a sum 2015 released a new technical ranking system which has equivalent to 2% of the royalty they pay to the government. The placed India on 22nd spot among the continent’s 46- member countries. The position of India is the highest trust would utilise the money for fresh exploration. In effect, it among the South Asian nations. would function similarly to the state-run Geological Survey of  Renowned Russian middle and long distance coach Dr India (GSI) or its junior counterpart Mineral Exploration Nikolai Snesarev, whose contract runs till the end of 2016 Rio Olympics, resigned from his position of athletic Corporation Limited (MECL). The mines ministry’s efforts to coach for India in the third week of September 2015. strengthen its exploration firms gathered momentum following the  After picking up minority stake in the franchise of steel ministry’s December 2014 presentation to the PMO wherein the Hero Indian Super League (Hero ISL) last year, Indian test captain Virat Kohli has now invested in the Dubai it had said that the total thermal coal requirement for steel, cement frnachise of Mahesh Bhupati-promoted Coca-Cola and aluminium sectors is approximately 200 million tonne, of which International Premier Tennis League (IPTL). 40 million tonne is imported at a revenue outgo of Rs. 500 crore each year.

UPI – Unified Payment Interface UPI is the name given to a unified platform launched by National  Payments Corporation of India (NPCI) on 18 February 2015 for providing a single payment interface across all systems. Rest of the matter, see on page no. 35

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 25 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 SCIENCE & TECHNOLOGY

GSAT-6 Satellite successfully positioned in orbital slot of entirely by the National Institute of Aeronautics and Space 83 Degree East (LAPAN) of Indonesia in 2012. It will work to monitor land usage, Indian Space Research Organization (ISRO) has successfully ship movements, sea resources, fishing explorations, natural positioned India’s latest communication satellite GSAT-6 into its resource and disaster mitigation. orbital slot. It was positioned in its orbital slot 83 Degree east after carrying out four drift arresting maneuvers. It has been collocated NEWS IN BRIEF with other four communication satellites INSAT-4A, IRNSS1C,  Google recently allowed Block’ and ‘Unsubscribe’ a GSAT 12 and GSAT 10. new featuresfeatures in its Gmail service.Using the new GSAT-6 satellite was carrying S-Band and C-Band transponders features, users can block specific email addresses in Gmail meant for public and strategic purposes. It weighs 2117 kg and has on the web and later on Android mobile operating system. mission life of nine years. The satellite is having S-Band Unfurlable  HM Devaraja, PhD student at MCNS from Manipal Antenna (UFA) of 6 m diameter. This is the largest antenna ever Centre of Natural Sciences (MCNS) at Manipal made by ISRO for a satellite. University in collaboration with GSI-Giessen, Germany have discovered four new atomic nuclei to be added to BSNL to boost minimum broadband speed to 2 Mbps from the chart of the nuclides. The results are published in October 1 Physics Letters B*. Union Information Technology (IT) Minister Ravi Shankar Prasad announced that BSNL will offer a minimum broadband speed of 2  mega bit per second (Mbps) from October 1 onwards to its customers, at no extra cost. The company currently offers a minimum speed of 512 Kbps and the move is part of its efforts for revival. BSNL was the first telecom service provider in the country HEALTH to provide the Broadband Access to the country.

China launched newly-developed smaller version Long Union Ministry of Health and Family Welfare banned sale March-6 carrier rocket of Diclofenac in multidose vial for human use China launched a new, smaller type of rocket from its “Long March” Union Ministry of Health and Family Welfare on 18 September family which will be primarily used for carrying satellites aloft, 2015 banned the sale of Diclofenac in multidose vial for human state media reported, as the country races ahead with an ambitious use. From now, it will be sold only in single-dose vial packaging.It space programme. It was launched from the base in the Northern should be noted that the use of Diclofenac for treating cattle has Province of Shanxi and was carrying 20 micro satellites into the been in place since 2006.The decision was based on the space. Long March-6 is 29.3 meter in length and is smallest version recommendation of the Ministry of Environment, Forest and Climate of carrier rocket in the Long March family. Change and is aimed at protecting vultures from extinction.

Uninor rebrands itself as Telenor NEWS IN BRIEF Telecom services provider Uninor unveiled its new identity  Pre-exposure prophylaxis (PrEP), a drug designed to help rebranding itself as Telenor. The company also has changed its tag people at risk of contracting HIV, was recently in news to ‘Ab life full vasool’ from ‘Sabse Sasta’. For the rebranding on 3 September 2015 as the practical tests have shown exercise, the company is going to spend around 100 crore rupees. that people who took the drug stayed HIV-free. Norway-based Telenor entered India in 2009.  World Health Oraganistion (WHO) has officially declared India to launch Indonesian satellite LAPAN A2/Orari India as Maternal and Neonatal Tetanus free country, i.e. Indian Space Research Organisation (ISRO) launched Indonesia’s mothers and newborns are free from tetanus at the time second multi-spectral remote sensing satellite LAPAN A2/Orari. of birth. from the Satish Dhawan Space Center in Sriharikota, Andhra Pradesh on September 27, 2015. It is Indonesia’s domestically-made satellite  and is successor to LAPAN A1/Tubsat satellite. It was produced

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 26 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 ENVIRONMENT & ECOLOGY New species of human relative discovered in South Africa Science and was undertaken by an international research team led Scientists have discovered a new ancestral species in the human by Nicolas Gruber, a professor at ETH Zurich. family tree dubbed as Homonaledi in South Africa. The new discovered species were named after the location where it was NASA’s SERVIR-Mekong project to help monitor found i.e. naledi which means star in Sesotho, a local South African environment in Southeast Asia language. It was made inside the Rising Star Cave in the Cradle of NASA and US Agency for International Development (USAID) Humankind World Heritage Site in South Africa by team of have started the SERVIR-Mekong project, to strengthen the scientists led by Lee Berger, professor at University of the environmental monitoring in Southeast Asia region. The focus of Witwatersrand. These species are among the first of our kind (genus this project is to host vital issues in the Mekong river basin region Homo) and could have lived in Africa up to 3 million years ago. in the five countries which is often called as rice bowl of Asia.It has been launched in the Asian Disaster Preparedness Center in Marine population declined since 1970: Study Bangkok, Thailand to serve the 5 countries of the Mekong River As per recently released study report prepared by the World Wildlife Basin viz. Myanmar, Thailand, Cambodia, Laos and Vietnam. Fund (WWF) and the Zoological Society of London (ZSL), populations of marine mammals, fish, birds and reptiles have NEWS IN BRIEF declined by 49% since 1970. In this study more than 1,200 species  Earthquake of 8.3-magnitude on Richter scale has hit off of marine creatures were analysed in the past 45 years. Chile’s coast in Illapel, the capital of Choapa Province in central Coquimbo Region of Chile. US Geological Survey Antarctic Ocean’s carbon dioxide absorption increased has noted its epicenter at a depth of 12.5 kilometers off As per a new study Antarctic Ocean has been absorbing increasing Chile’s coast in Illapel. After the initial earthquake, two levels of Carbon Dioxide (CO2) , a potent greenhouse gas (GHG) aftershock quakes of magnitudes 6.2 and 6.4 occurred over the past decade. The research study was published in journal west of Illapel. DEFENCE  AUSINDEX15, first Australia and India maritime exercise Ahead of Prime Minister Narendra Modi’s visit to the US, the begins in Visakhapatnam Cabinet Committee on Security (CCS) cleared a multi-billion dollar Inaugural bilateral maritime exercise between India and Australia deal for 22 Apache attack helicopters and 15 Chinook heavy-lift AUSINDEX15, commenced off coast of Visakhapatnam. Three choppers with American aviation giant Boeing. Royal Australian Navy ships viz HMA Ships Sirius (fleet tanker), Indian Coast Guard has commissioned two new ships Arunta (Anzac class frigate) and Sheehan (Collins class submarine) Indian Coast Guard has commissioned two new ships named Fast and a Royal Australian Air Force P3C Orion survelliance aircraft Patrol Vessel ICGS Apoorva and Interceptor Boat C-421. The have participated. They will train with Indian Navy Ships Ranvijayi ships were commissioned by Vice Admiral SPS Cheema, Flag (Guided missile destroyer), Shivalik (Stelton frigate) and Shakti Officer Commanding in Chief of Western Naval Command (fleet tanker) along with P-8I Maritime Patrol Aircraft. (Mumbai) off the naval dockyard in Mumbai, Maharashtra. ICGS Union Government gives nod to IAF’s Integrated Air Apoorva, 14th in the series of 20, is a 50 meter long Fast Patrol Command & Control System Vessel (FPV) that displaces 317 Tonnes and can achieve a maximum Union Government has given its approval for implementation of speed of 33 knots. C-421 is a water jet propelled vessel, 27th in Integrated Air Command & Control System (IACCS) project of the series of IBs constructed by L & T Limited and can achieve a Indian Air force (IAF) with allocation of 8,000-crore rupees. IACCS maximum speed of 45 Knots. system is an automated command and control system for Air NEWS IN BRIEF Defence (AD) which integrates different air sensors and radars to  The INS Vajrakosh was commissioned by the Defence protect Indian airspace. Presently, India has 5 IACCS nodes. The Minister Manohar Parrikar at Karwar, Karnataka. INS addition of four more nodes will help IAF to cover isolated islands Vajrakosh is the latest establishment of the Indian Navy. thereby providing a security umbrella to the entire country. On  An indigenously developed second generation anti-tank completion of this project, the air headquarters will get a composite guided missile, Amogha-I was successfully test fired. air situation picture as it is going to integrate Air Force, Army, Indigenously developed by state owned Bharat Dynamics Naval and civilian radars. IACCS will help IAF to connect all of its Limited (BDL). It has maximum target range of 2.8 kms. air, space and ground assets quickly for total awareness of a region and facilitate real-time transport of data, images and voice amongst  The Union Government approved the purchase of 10 aircraft, satellites and ground stations. Heron TP drones from . This 400 million US dollars proposal for buying armed missile-armed drones from CCS clears Military helicopters deal with US aviation giant Israel will enhance India’s cross-border military strike Boeing capability.  B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 27 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 RECENT SUMMIT IN NEWS G-20 launches W-20 grouping for gender inclusive review the progress of the Drug Demand and Supply Reduction economic growth activities in the region. This conference will facilitate exchange of Group of Twenty (G-20), a forum of world’s 20 largest economies, views on technical aspects of the drug cooperation programme and including India launched Women-20 (W20), an engagement grouping it aims at achieving effectiveness and efficiency. It will also address of women leaders in order to push for gender inclusive global the needs of the member states and help formulate a uniform economic growth. Gulden Turktan from Turkey has been strategic plan to address drug use and abuse related problems. This appointed as the first President W20 forum. Presidency of the Colombo Plan Drug Advisory Programme (CPDAP) will be a great G20 will rotates annually among its members.It would host its platform to coordinate among different countries fighting for the first summit in October 2015 in Istanbul after all member countries cause of drug menace. appoint their respective nominees. It will work as an outreach group to promote gender inclusiveness in economic growth process Tamil Nadu’s first Global Investors Summit held at Chennai by empowering women. Tamil Nadu’s Chief Minister J.Jayalalithaa first Global Investors Summit (TNGIM 2015) has held in Chennai to woo investors to SAARC countries’ conference on disaster mitigation invest in the state. The first of kind investors summit in southern begins in Delhi state of India is seeking to targeted investment commitment of A conference of SAARC countries to chalk out and undertake joint one-lakh crore rupees. Nine countries have registered themselves efforts on various issues related to disaster mapping and mitigation as partner nations for the mega investment event. State government in the member nations has begun in New Delhi. The conference is is aiming to translate investments from this summit by signing being held by keeping in mind the prevalent geo-climatic conditions about 100 MoUs in the two-day summit to generate around as well as increased frequency of natural disaster and calamities in 150,000 jobs over the next 3 years. the SAARC region. Tenth World Hindi Conference held at Bhopal South Asian Sub-Regional Drug Focal Point meeting begins Prime Minister Narendra Modi inaugurates the three-day 10th in New Delhi Vishwa Hindi Sammelan (World Hindi Conference) in Bhopal the theme of Hindi Jagat-Vistar and Sambhavnaye. The conference is Sub-Regional Drug Focal Point Meeting and Colombo Plan Drug being organised by the Ministry of External Affairs in cooperation Advisory Programme (CPDAP), South Asia under the Drug with the Madhya Pradesh government. The First World Hindi Demand Reduction (DDR) Expert Group Consultation has begun Conference was organized in Nagpur by then Prime Minister Indira in New Delhi. The three-day meeting was inaugurated by Union Gandhi. It was held from 10 to 12 January 1975. Since then every Home Minister Rajnath Singh which has been organised by Narcotics year 10th January is being observed as the World Hindi Day. Control Bureau (NCB). The main objective of the meeting was to  COMMITTEE & ITS FUNCTION

21st Law Commission of India (LCI). NEWS IN BRIEF The Union Cabinet chaired by the Prime Minister Narendra Modi  A committee under the Union Ministry of Environment has given its approval to constitute the 21st Law Commission of and Forests (MoEF) on 24 September 2015 gave India (LCI). The 21st LCI will have a period of 3 years with effect environmental clearance for the proposed 5465 crore from 1 September 2015 to 31 August 2018. 21st Law Commission fertiliser plant in Ramagundam, Telangana. of India (LCI) is composed of Chairperson (full-time), Four  The NITI Aayog’s Committee of Chief Ministers on Members (full-time). It will include a Member-Secretary, 3 Swachh Bharat Mission suggested levying cess on Secretaries: Department of Legal Affairs, Legislative Department telecom services, petrol and minerals like coal and iron and Legislative Department as ex offcio Members. Up to 5 part- ore to fund the cleanliness programme. The committee time Members. It will Undertake research in existing laws by also pressed for enhancing the viability gap funding and reviewing them for making reforms therein and enacting new tax exemptions to enable faster execution of the legislations. It will Undertake studies and research to bring reforms programme besides asking for separate tariff for waste- in the justice delivery systems in the country in order to eliminate to-energy projects. N. Chandrababu Naidu, AP Chief the delays in procedures, speedy disposal of cases and cost Minister is heading this committee. reduction of litigations etc.The Law Commission of India (LCI) is  The Union Ministry of Water Resources on 11 a non-statutory and non-constitutional body constituted by the September 2015 constituted a seven-member committee Union Government from time to time. The first commission was to advise it on restructuring the Central Water constituted in 1955 and since then various commissions were re- Commission (CWC) and the Central Ground Water Board constituted every three years. The 20th LCI was headed by Justice (CGWB). The expert committee will be headed by former A P Shah, Former Chief Justice (CJ) of Delhi High Court and its Planning Commission member Mihir Shah. tenure ended on 31 August, 2015.  B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 28 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

INTERNATIONAL & NATIONAL INSTITUTION

Name of the organisation Headquarter Head UN Security Council New York The presidentship is held for one month by member countries in alphabetical order. UN General Assembly New York Huke Jeremic; 2013-John William Ashe UN Secretariat New York Ban Ki Moon International Court of justice The Hague, Netherlands Peter Tomka International Criminal Court Lyons, France Song Sang-Hyun Economic and Social Council New york Milos koterek Food and Agriculture organisation Rome Jose Graziano da Silva International civil Aviation organisation Montreal, Canada Raymond Benjamin International Labour organisation Geneva Juan Somavia International Monetary Fund Washington DC Christian Lagarde (former head Dominique Strauss Kahn was involved in a sex scandal) International Atomic Energy Agency Vienna, Austria Yukiyo Amano International Maritime Organisation London, U.K. Koji Sekimizu United nations Educational Cultural and Paris Irina Bokova (1st woman to have Social organisation become director-general)

Internatioonal labour organization Geneva Juan Somavia International fund for Agriculture Rome Kanayo F. Nwanze Development World Bank New York Jim Yong kim World health Organisation Geneva Dr. Margaret chan World intellectual property organisation Geneva Francis Gurry World trade Organisation Geneva Pascal Lamy United nations International Children and New York Anthony lake Women Fund Association of South East Nations Seat of Secretariat- Jakarta, Surin Pitsuwan indonesia North Atlantic Treaty organisation Brussels Anders Fogh Rasmussen Greenpeace Founded – Vancouver, Canada: Ana Toni, Indian lalita ramdas headquarter – Amsterdam was also its former head International criminal police organization or Lyons Mireilli Ballastrazi, secy gen – Interpol Ronald noble European organization for nuclear Research Geneva Rolf Dieter Heuer European Union Belgium Herman von Rompuy European parliament Belgium Martin Schulz The Commonwealth London Head – Queen Elizabeth II: secy gen – Kamlesh Sharma (India):chaipperson in office – kamla parsad bissessar Non-Aligned Movement Belgrade Mahmoud Ahmadinejad South Asean corporation for regional co- Kathmandu Mohammed Hasad Ahmes Manik operation Amnesty international London Sahil Shetty

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 29 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 RECENT VISIT & VISITORS

 Prime Minister NarendraModi visited Ireland. He is the first Prime Minister of India to visit Ireland in 59 years. Last Prime Minister to visit Ireland was JawaharLal Nehru in 1956.During his visit, Modi held discussions with Prime Minister Enda Kenny of Ireland, who also hosted a Working Lunch in honour of the visiting dignitary.  India and Egypt have signed two Memorandum of Understandings (MoUs) in the field of Tourism, Scientific and Technical. These MoUS were signed during the visit of Union External Affairs Minister Sushma Swaraj to Egypt in Egypt.

 DATE & OBSERVATION

September 5 : Teachers’ Day (Dr. Radhakrishnan’s birthday) September 5 : Forgiveness day September 8 :World Literacy Day. Theme -Literacy and Sustainable Societies. September 10 : World Suicide Prevention Day (WSPD) theme Preventing Suicide: Reaching Out and Saving Lives. September 14 : Hindi day, World first aid day September15: International Day of Democracy September 16 :World Ozone Day. Engineer’s day in India The theme and the slogan for the 21st International Day for the Preservation of the Ozone Layer year 2015 are 30 Years of Healing the Ozone Togetherand Ozone: All there is between you and UV respectively. September 21 :Alzheimer’s Day, International day of peace Theme for International day of peace Partnerships for Peace- Dignity for All. September 22: World Rhino Day The day is observed observed on 22 September 2015 to celebrate all five species of rhino and they are Black, White, Greater one- horned, Sumatran and Javan rhinos. The World Rhino Day was first announced by WWF-South Africa in 2010. In India, the day was observed with all-day awareness programmes atKaziranga National Park (Assam), Manas National Park (Assam)and Laokhowa Burachapori (Assam). According to the organisation Save the Rhino, there are around 29000 rhinoceros left in the world. September 25 : Social justice day September 26 : Day of the Deaf. September 27 : World Tourism Day. theme One Billion Tourists, One Billion Opportunities



B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 30 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 STATE NEWS

Rajasthan Assembly passes two bills on Reservation 8 pass, and women candidates from the Scheduled Caste category Rajasthan Legislative Assembly has passed two bills to provide will have to have passed Class 5 for being eligible to contest the reservation in educational institutions and government jobs to polls. The bill also made it mandatory for contesting candidates to economically backward classes (EBC) and special backward classes ensure that they have a functional toilet at home. With this Haryana (SBC) including Gujjars. became second state in India after Rajasthan to fix educational and Rajasthan Special Backward Classes Reservation Bill, 2015: other qualifications for the candidates contesting Panchayat Provides five per cent reservation to five communities in government elections. services and educational institution. Five communities are: Banjara/ Labana/Baldiya, Gujar/Gurjar, Gadiya/Gadoliya/Lohar, Gadariya/ Haryana Government bans gutka, pan masala Gayari /Gadri and Raika/Rebari/Debasi Haryana health minister Anil Vij announced that manufacturing, Rajasthan Economically Backward Classes Reservation Bill, 2015: storage, distribution and sale of gutkha, pan masala, flavoured or Provides fourteen per cent reservation to unreserved category. scented tobacco and similar products containing tobacco have been completely banned in the state. The minister said that other products Rajasthan Assembly passed Rajasthan Vexation Litigation containing tobacco available in market have also been banned. Prevention Bill 2015 Rajasthan became the fifth state in India after Maharashtra, Gujarat, Delhi High Court allows permanent commission for women Goa and Madhya Pradesh to pass the Rajasthan Vexation Litigation in Indian Navy Prevention Bill, 2015 by voice vote. The objective of the bill is to Delhi High Court in its landmark judgment has allowed women to prevent filing of baseless cases and to check the misuse of law for get permanent commission in Indian Navy and allowed them to personal benefits. board on warships. The HC also ruled that, henceforth female Apart from the above bill Rajasthan Assembly also passed other naval officers will have full term service in the Indian Navy and two amendment bills: also enjoy retirement benefits same as their male counterparts. Prisons (Amendment) Bill, 2015: It is aimed at improving the Presently, Indian Army and Air Force allow permanent commission efficiency of prisons and checking violence and gang wars. The bill for female officers. While, Indian Navy has limited the role of provides for stricter arrangements when a prisoner is taken to women officers serving in short service commission of 14 years. court. Haryana passes bill to abolish Police Recruitment Board Rajasthan Police (Amendment) Bill, 2015: The bill provides for Haryana legislative Assembly has passed Haryana Police a fine of 500 rupees for anyone who creates a nuisance on the road (Amendment) Bill, 2015 to abolish the Police Recruitment Board and obstructs or injures a person or property. If the person creates in order to end the nepotism in the police recruitments in the state. nuisance for the second time, the fine will be 5000 rupees and for This Bill seeks that Gazetted posts in the police service would be the third time, 10000 rupees fine and eight days jail. filled through Haryana Public Service Commission (HPSC). Direct Rajasthan became first state to submit State Annual Action recruitment to various non-gazetted ranks in the police service Plan under AMRUT would be filled through the Haryana Staff Selection Commission Rajasthan has become the first state in the country to submit State (HSSC). Annual Action Plan under Atal Mission for Rejuvenation and Urban SC stays Rajasthan HC’s decision declaring ‘Santhara’ Transformation (AMRUT). State Government has submitted the ritual illegal action plan for approval by the Union Urban Development Ministry The Supreme Court (SC) of India has stayed Rajasthan High Court’s for financial year 2015-16. The plan seeks to target two categories order declaring Santhara, a Jain ritual of voluntary and systematic of AMRUT projects in the state viz. universal coverage in respect fasting to death illegal. The stay order was given by SC Bench of water supply connections, sewerage connections and urban comprising Chief Justice of India H.L. Dattu and Justice Amitava transport to all urban households. In this regard, state government Roy. Santhara is a religious custom of Jain religion that embraces has proposed projects under these two categories worth 1,087 voluntary death in order to purge oneself of bad ‘karma’ and attain crore rupees to be taken up in 13 of the 28 AMRUT cities in ‘moksha’. Earlier in August 2015, Rajasthan High Court had banned Rajasthan. the practice of Santhara by declaring it as a criminal offence and Haryana Government sets minimum qualification for mentioning it as illegal in the eyes of law. candidates in Panchayati Raj polls Manipur assembly passes Protection of Manipur People Bill, The Supreme Court on Thursday ordered a stay on the law that 2015 makes educational qualification compulsory for contesting Manipur Legislative Assembly has unanimously passed the panchayat elections in Haryana. Under the new bill, contesting Protection of Manipur People Bill, 2015 along with other two candidates are required to have a minimum qualification of Class amendment bills to protect indigenous people of state. Other two 10.Scheduled Caste and women candidates are required to be Class bills are Manipur Shops and Establishments (Second Amendment) Bill, 2015 and Manipur Land Revenue and Land Reforms (Seventh

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 31 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Amendment) Bill, 2015. Apart from these bills, the assembly also passed a resolution welcoming the Peace Accord signed between VANIK’S KNOWLEDGE GARDEN the Union Government and the National Socialist Council of Nagalim (NSCN)-IM. Terms Associated With Different Sports NEWS IN BRIEF Badminton Angled Drive Serve, Low Serve, Bird, Deuce, Double Droup,  Andhra Pradesh Government has unveiled ‘New Tourism Fault, Flick Serve, , Let, , Love All, net Shots, Rush, Policy-2015-20‘ to boost tourism sector in the state. It Smash. was unveiled by Chief Minister N Chandrababu Naidu Baseball at a function held in Vijayawada. The policy has been Base, Battery, Bunting, Catcher, Diamond, Hitter, Home Infield, Outfield, framed with support from various government Pinch, Pitcher Plate, Pullout, Short Stop, Strike. departments, industry experts, inputs from Indian School Basketball of Business and consultancy firm KPMG. Ball, Basket, Blocking, Dribbling, Free Throw, Held Ball, Holding, Jump  Haryana government declared that it will develop Ball, Multiple Throws, Pivot. Gurgaon as a smart city with its own resources. However, Billiards Baulk Line, Break, Bolting, Cannon, Cue, Hazard, In-off, Jigger, Long it will follow Union Government’s guidelines on Smart jenney, Pot, Scratch, Screw Back, short Stop, Strike. Cities Mission and technical assistance.It was declared Boxing that the state will arrange 500 crore rupees of its own for Ausiliary, Babit Punch, Break, Cut, Defence, Down, Hook, Jab, Lying On, Gurgaon for the first phase which will be spent over a Knock, Seconds out, Slam, Upper Cut, Weight In, Win by Knock-out. time span of 5 years. Chess  Telangana Government entered into a power purchase Bishop, Capture, Castling, Checkmate, En Passant, Gambit, Grand Master, agreement (PPA) with Chhattisgarh for purchasing 1000 King, Knight, Pawn, Queen, Rook, Stalemate, Under Promoting. mw of power. The supply pact aims at bridging the Cricket demand-supply gap in Telangana, particularly when the Ashes, Banana, Boundary, Bowling, Caught, Chinaman, Cover Drive, demand spikes up during the Rabi crop season and the Crease, Doosra, Duck, Duckworth-Lewis Rule, Fine Leg, Follow On, Full summer months. Toss, Gardening, Googly, Gully, Hat-trick, Hit Wicket, Inswinger, l.b.w.,  The Jammu and Kashmir Government banned the sale Leg-break, Leg-bye, Leg Glance, late Cut, maiden Over, No Ball, Off Break, On Drive, Out, Outswinger, Over, Mandatory Over, over Pitch, Popping of Ambuja Cements in the state. There were complaints Crease, Rubber, Run Down, Run Out, Short Pitch, Silly Point, Slip, Square of malpractices against the company. The initial enquiry Leg, Stone Walling, Straight Drive, Stumped, Short leg, Spin, Swing, found that the company sold cement bags at two different Thirdman, Yorker. MRP rates in the region. Football  Maharashtra government has bought the house in London Advantage Clause, Blind Side, Centre Forward, Corner Kick, Dead Ball, where social reformer and architect of the Indian Direct Free Kick, Dribble, Goal kick, Golden Goal, Hat-trick, Marking, Constitution Dr Bhimrao Ramji Ambedkar had stayed in OffSide, Penalty Kick, Penalty Shootout, Red Card, Striker, Throw In, the 1920s. State government has acquired this house in Tripping 3.1 million pound deal owing to its cultural and national Golf importance and pride of millions of people of India. Best-ball Foursome, Bogey, Bunker, Caddie, Dormy, Fairway, Fourball, Foursome, Greed Holes, Links, Niblic, Par, Put, Rough, Stymied, Tee,  State Cabinet of Tripura decided to implement the Threesome. National Food Security Act (NFSA). The NFSA will be come into effect from 1 September 2015 and will be Hockey Advantage, Back-stick, Bully, Cary, Centre Forward, Corner, Dribble, Flick, continued till 2021. Free-hit, Goal Line, Green Card, Halfway Line, Hat-trick, Off-side, Roll -in, Scoop, Short Corner, Sixteen-yard hit, Square Pass, Stick, Striking Cirele, Tackle, Tie-breaker, Zonal Marking. Horse Racing  Jockey, Punt, Steeplechase, Thorough Bred. Judo Ashi-waza, chui, Dan, Dojo, Gyaku, Hajime, Ippon, Jigotai, Kaeshiwaza, Koka, Makikomi, Nage-waza, O-goshi, Randori, Scarf, Tani-Otoshi, Uchi- komvi, Waki-gatame, Yoshi, Yuko. Karate Age Zuki, Ai-uchi, Aka, Chakugan, Dachi, Encho Sen, Fudotachi, Gedan, Geri, Hajime, Ibuki, Jion, Kakato, Koka, Makiwara, Nidan, Obi, Rei, Sanbon, Shiro, Tobigeri, Ude, Waza-ari, Yoko-geri, Zanshin, -no. Polo Bunker, Chukker, Mallet. Rowing Bow, Bucket, Cow, Ergometer, Feather, Paddle, Regatta. Rugby Football A Trackle, Lines, Scrum, Touch, Try. B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 32 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

RECENT GOVERNMENT DEVELOPMENT & SCHEME

Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) Approximately 28 lakh pensioners including five lakh widows will launched by Union Government get benefit from this scheme. (There are total 44 lakh pensioners). To transform the lives of people living in the areas which are affected directly or indirectly by mining, the Union Government Punjab Government established Special MGNREGA cell on 17 September 2015 launched the Pradhan Mantri Khanij Punjab Government has established a special MGNREGA cell to Kshetra Kalyan Yojana (PMKKKY). The programme is meant coordinate effective implementation of National Rural Employment for the welfare of areas and people affected by mining related Guarantee Scheme in the state. This cell will monitor operations, using the funds generated by the District Mineral implementation of Union Government’s flagship 100 days Foundations (DMFs). DMFs were created under the Mines and employment guarantee scheme of MGNREGA. It will also monitor Minerals (Development & Regulation) Amendment Act, the wage rate under MGNREGA which has been fixed by Union 2015 in all the districts of the country affected by mining related Government on the basis of consumer Price Index- Agricultural operations. Labourers (CPI-AL) which is implemented on 1st April every year and will be applicable for whole financial year. Union Cabinet approves 150 days employment under MGNREGA in the drought hit areas The Odisha Government decided to implement five sub- Union Cabinet has approved 150 days employment per household schemes for empowerment of transgenders. under Mahatma Gandhi National Rural Employment Guarantee The Odisha Government in the third week of September 2015 Act (MGNREGA) in the drought hit areas of the country. Decision decided to implement five sub-schemes introduced by the central in this regard was taken by Union Cabinet Meeting chaired by government for empowerment of transgenders.The state Prime Minister Narendra Modi in New Delhi. Additional 50 days government’s newly created Department of Social Security and of unskilled manual work under the MGNREGA scheme will benefit Empowerment of Persons with Disabilities (SSEPD) will people in drought-hit areas which are facing monsoon deficit implement the sub-schemes. Parents of every transgender will get affecting kharif crops and rural income. financial assistance of 1000 rupees. Under pre-matric scholarship, the transgender day scholar will get 150 rupees and the hostelers Andhra Pradesh launches e-Pragati to bring all government will get 350 rupees for 10 months. Similarly, the transgender services under one roof students will get monthly post-matric scholarship of 550 rupees, Andhra Pradesh by has e-Pragati, a comprehensive architecture to and the hostelers will get 1200 rupees for 10 months.In addition, leverage the latest advances in e-governance tools. With this launch, 15000 rupees per transgender trainee will be given for 200 hours Andhra Pradesh became first state in India to execute and conceive for their skill development course. One batch will consist of 30 state-wide enterprise e-governance architecture. e-Pragati has been trainees. The stipend will be 1000 rupees per month for the trainee. designed with an estimated investment of Rs. 2,358 crore of which the State will share Rs. 1,528 crore over a period of three years. SAHAJ scheme for online release of new LPG connections The project is aimed at bringing together 745 G2B (government to Union Petroleum and Natural Gas Minister Dharmendra Pradhan businesses), G2C (government to citizens), G2E (government to has launched SAHAJ scheme for online release of new LPG employees) and G2G (government to governments) services offered connections for the consumers as parts of its consumer friendly by 33 departments and more than 300 government agencies. initiative. Under the scheme, people can apply online for new LPG connection and they need not visit to the LPG distributors Union Government releases Rs 2,000 crore for Employees’ for it. SAHAJ facility will enable the customers to post online Pension Scheme request for a new connection by filing Know Your Customer (KYC) Union Government has released 2,000 crore rupees to Employees’ form by uploading bank account details and photographs. After Pension Scheme (EPS), 1995 as its contribution for the year 2015- submitting the details, customer will receive the registration number 16. This contribution is in addition to the 250 crore rupees to know the new connection status. Later, customer can opt for contributed by the government as grant-in-aid in the EPS in order offline or online mode of payment for the new connection. Once to provide minimum pension of 1,000 rupees to pensioners under payment is done, electronic subscription voucher will be mailed to the scheme. The contribution of Union government has been the new customer. Later distributor will do physical delivery of calculated at a rate of 1.16 per cent of the monthly wages of the the Gas cylinder, regulator with hose pipe. Initially, the scheme members contributing to the scheme. Employers contribute nearly has been launched in twelve cities across the country. In near future, 8.33% of the monthly wages of the scheme members. this scheme will be extended to other parts of the country. Twelve

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 33 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 cities are Ahmedabad, Bhubaneswar, Bengaluru, Bhopal, Chennai, VANIK’S KNOWLEDGE GARDEN Chandigarh, Kolkata, Hyderabad, Lucknow, Patna, Mumbai and Under UPI, anyone who has an account, should be able to send and Pune. receive money from their mobile phone with just an identifier Union Government has identified 305 cities and towns across without having any other bank/account details. It is designed to 9 states for implementation ‘Housing for All’ enable all account holders to send and receive money from their Union Government has identified 305 cities and towns across 9 smartphones with a single identifier – Aadhaar number, mobile states for implementation of its flagship ‘Housing for All’ scheme. number, virtual payments address – without entering any bank Selected cities and towns are in these states: Chhattisgarh (36 cities and towns), Gujarat (30), Jammu and Kashmir (19), Jharkhand account information. UPI will make payments possible only by (15), Kerala (15), Madhya Pradesh (74), Odisha (42), Rajasthan providing an address with others without having ever provided (40) and Telangana (34). In this regard, HUPA Ministry will provide account details or credentials on 3rd party applications or websites. assistance of over 2 lakh crore rupees over the next six years for construction of houses to enable two crore urban poor own their POTUS – President of the United States own houses. Union Government had launched this scheme named POTUS stands for President of The United States. This term has as Pradhan Mantri Awas Yojana in June 2015 under the aegis of been used for decades now to denote the U.S. President. The use of Housing for All by 2022 Mission. Under this ambitious scheme the term POTUS was probably started by the security team of the government plans to build two crore houses for the poor in urban areas by year 2022, which coincides with 75 years of Independence. President to call him in short. The term was, however, used by the Indian media in a wide-spread manner for the first time on the NEWS IN BRIEF occasion of President Barack Obama’s historic visit to India from  Human resource development minister Smriti Irani launched the national web portal for promotion of a 25 to 27 January 2015. One reason POTUS was used so extensively national apprenticeship scheme. The scheme, which this time was that in the times of prevalence of social media and provides opportunities for practical training, is for Internet use of slang words and acronyms have gained huge graduates, diploma holders and 10+2 pass vocational popularity. certificate holders. TLCs – Tech Learning Centres  Jan Dhan Yojana completes one year on 15th September Tech Learning Centres (TLCs) is a new massive initiative launched 2015 that is aimed to target the unbanked and to increase financial inclusion. by State Bank of India (SBI) recently to empower its customers  Union Government has declared the names of 98 cities through technology and awareness. Under this initiative special for its ambitious Smart Cities Project. These cities were SBI centers across the length and breadth of the country have selected by the respective States and Union Territories started holding interactive learning sessions and demos of the bank’s on the parameters set by the Union Government. Of the tech-channels. This initiative has been on since December 2014. total 98 cities, 13 were selected from Uttar Pradesh, 12 from Tamil Nadu, 10 from Maharashtra, 7 from Madhya Under this 385 State Bank TLCs across the length and breadth of Pradesh, 3 each from Bihar and Andhra Pradesh. the country have started holding interactive learning sessions and  Union Government has launched a telemedicine initiative demos of the bank’s tech-channels for over ten thousand customers dubbed as SEHAT to provide healthcare facilities in rural every month. A large number of customers are having an initial fear areas in collaboration with Apollo Hospitals. This and hesitation to use technology for their banking needs. But through telemedicine initiative was launched by Union Communication and IT Minister Ravi Shankar Prasad at this initiative SBI seeks to remove such hesitation among them. a function held in New Delhi. It will seek to provide After launching in December, 2014, more than 30,000 customers quality and affordable healthcare services as it is one of were trained in these TLCs. TLCs will spread awareness of the the emerging needs of citizens in rural areas. Bank’s various tech channels including Cash Deposit Machines,  Prime Minister Narendra Modi gifted Pradhan Mantri Mobile Banking apps. Suraksha Bima Yojana (an accidental insurance scheme) to 51,000 ‘sisters’ of his Lok Sabha constituency Varanasi on the occasion of Raksha Bandhan 



B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 34 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

200 MCQ ON CURRENT AFFAIRS

1. The Union Tourism Ministry has ranked (e) PLOTE (d) 234.68 million tonnes which capital city as the cleanest city 9. ISIS militants destroyed a 1500 year old (e) None of these in India UNESCO world heritage site Saint 17. Recently India has elevated its (a) Bhubaneswar Elian Monastery in which country relationship to comprehensive (b) Imphal recently strategic partnership with which (c) Gangtaok (a) Iraq (b) Syria country (d) Raipur (c) Iran (d) Lebanon (a) Iran (b) UAE (e) Kohima (e) Turkey (c) Soudi Arab (d) Israel 2. Which state High Court has stayed the 10. Which Arab country has allowed women (e) Canada state govt. decision and notification to contest in the municipal election for 18. India has asked which country to hand making voting compulsory in civic polls the first time recently over the leaders of NSCN(K) including (a) Gujarat (a) Iraq its chief (b) Rajasthan (b) Iran (a) Nepal (c) Bihar (c) Saudi Arab (b) Bhutan (d) Maharashtra (d) Kuwait (c) Bangladesh (e) None of these (e) Lebanon (d) Myanmar 3. Rani Gaidenliu a famous freedom fighter 11. Bandhan Bank started operation as (e) Pakistan in news recently was from which state ______schedule Commercial Bank 19. The High Court in which state has (a) Manipur (b) Assam of India recently directed its Chief Secretary that all govt. (c) Tripura (d) Nagaland (a) 139 (b) 149 officials to send their children to govt. (e) West Bengal (c) 159 (d) 169 schools 4. R-Mitra Mobile Apps has been (e) 179 (a) Uttar Pradesh launched by which Union Ministry 12. As per recently published report the (b) Bihar recently Public Sector Banks are saddled with a (c) Andhra Pradesh (a) Finance (b) Commerce gross NPA of what amount by end of (d) Delhi (c) Railway (d) Environment 31st March 2015 (e) Rajasthan (e) Home (a) Rs. 2.67 lakh cr. 20. Which country has cancelled the 5. Which IT company has launched Aikido (b) Rs. 2.57 lakh cr. Commonwealth Parliamentary Union enhanced service offering in design, (c) Rs. 2.37 lakh cr. meeting scheduled for September 2015 thinking platform and knowledge based (d) Rs. 2.47 lakh cr. (a) India (b) Sri Lanka IT (e) Rs. 2.27 lakh cr. (c) Pakistan (d) Bangladesh (a) Tech Mahindra 13. Recently central govt. sale 10% share (e) Myanmar (b) Infosys sale from which PSU 21. Which country is building a $ 10 billion (c) TCS (a) ONGC (b) IOC worth nuclear power plant in Karachi (d) Wipro (c) NTPC (d) GAIL city of Pakistan (e) None of these (e) SAIL (a) USA (b) Russia 6. Recently India has removed which 14. Which cricket team won the Ashes Test (c) China (d) Israel country from the list of countries put Series (e) France under the restricted visa category & (a) England 22. Which country become the 1st one to prior referral category (b) Australia receive fund of UNFCCC for its solar (a) Israel (b) Iraq (c) New Zealand home system (c) Iran (d) Japan (d) South Africa (a) India (b) Sri Lanka (e) Syria (e) (c) Bangladesh (d) Nepal 7. India hosted the forum for India-Pacific 15. Usain Bolt who retained the world (e) Bhutan Islands Cooperation summit of 14 100mt racing title belong to which 23. The LADEE spacecraft of which Island nations recently at country country confirmed the presence of (a) Jaipur (a) USA Neon gas in Lunar atmosphere (b) Udaypur (b) Jamaica (a) Russia (b) China (c) New Delhi (c) (c) USA (d) Japan (d) Hyderabad (d) South Africa (e) France (e) Bangaluru (e) None of these 24. Alexis Tsipras recently tendered his 8. Which party won majority in the Sri 16. Total food grain production during 2014- resignation as PM of which country Lankan Parliamentary election held 15 in India has been reported at (a) France (b) Germany recently (a) 263.58 million tonnes (c) Greece (d) Japan (a) UNP (b) JVP (b) 252.68 million tonnes (e) Italy (c) SLFP (d) LTTE (c) 243.58 million tonnes

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 35 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

25. The Lahore High Court of Pakistan 33. RBI has given in principle approval for 42. The Union govt. has identified how has banned the release of which the establishment of how many many cities and towns across 9 states Indian movie in the country recently payment banks for implementation of its flagship (a) Phantam (a) 17 (b) 15 “Housing for All” scheme (b) Bajrangi Bhaijan (c) 13 (d) 11 (a) 305 (b) 295 (c) Saam (e) 16 (c) 265 (d) 245 (d) All of these 34. As per the condition set by RBI Payment (e) 205 (e) None of these Banks will invest what percentage of 43. Which state govt. has decided to 26. Fitch has lowered India’s growth their fund in govt. securities implement the National Food Security forecast for 2015-16 to what level (a) 60 (b) 65 Act from 1st September 2015 (a) 7.8% (b) 7.6% (c) 70 (d) 75 (a) Gujarat (b) Haryana (c) 7.4% (d) 7.2% (e) 80 (c) Karnataka (d) Tripura (e) 7% 35. What is the minimum capital required to (e) Bihar 27. Endowment plus a new unit linked set up a Payment Bank 44. PM Modi gifted Pradhan Mantri insurance plan has been launched by (a) Rs. 50 cr. (b) Rs. 100 cr. Suraksha Bima Yojana to 51000 sisters which company recently (c) Rs. 200 cr. (d) Rs. 500 cr. of his constituency in (a) GIL (e) Rs. 1000 cr. (a) Mathura (b) Varanashi (b) New India Assurance 36. Payment Bank can collect deposit upto (c) Gaya (d) Vrindaban (c) Oriental Insurance what maximum limit from a single (e) Gandhinagar (d) LIC customer 45. USA has extended the anti-dumping duty (e) None of these (a) Rs. 50000 on which Indian product recently 28. SBI Chairperson Arundhati (b) Rs. 1 lakh (a) Mango Bhattacharya has urged RBI to (c) Rs. 1.5 lakh (b) Milk Powder reintroduce the teaser loans given in (d) Rs. 2 lakh (c) Mushroom which sector (d) Rs. 2.5 lakh (d) Coconut (a) Agriculture (e) Maharashtra (e) Apple (b) Industry 37. The Bandhan Bank was opened with a 46. Which country has banned the ISIS (c) Housing total branch network of militant groups active in Iraq and Syria (d) Education (a) 501 (b) 401 (a) Iran (b) Pakistan (e) Consumer (c) 301 (d) 201 (c) Egypt (d) Syria 29. Who has been appointed as the (e) 101 (e) Saudi Arab Chairman and MD of Air India 38. Zia Haider Rahman who won the James 47. Anoop Singh who get the Dronacharya (a) Aswini Kumar Tact Black Award 2015 at the Edinburgh Award is associated with which sports (b) Aswini Lohani International Book Fair 2015 belong to (a) Kabbadi (b) Hockey (c) Aswini Mathur (a) India (c) Football (d) Wrestling (d) Aswini Ranawat (b) Pakistan (e) Tennis (e) None of these (c) Afghanistan 48. Who among the following received 30. What percentage of passengers reported (d) Bangladesh Dhyan Chand Award satisfaction with the service of Indian (e) Myanmar (a) Romeo James railway recently 39. Kishor Piraji Kharat has been appointed (b) Shiv Prakash Mishra (a) 65% (b) 55% as the MD and CEO of which Bank (c) P. Nair (c) 75% (d) 85% (a) ICICI (b) IDBI (d) All of these (e) 95% (c) Axis (d) HDFC (e) None of these 31. Union Cabinet has approved the signing (e) Bandhan Bank 49. Indian women hockey team has qualified and ratification of Black Money 40. “Making India Awesome” is a recent for the 2016 Olympic to be held at Information Exchange pact recently book by (a) Beijing (b) Madrid with (a) Taslima Nasreen (c) Rio (d) Tokyo (a) Mauritius (b) Vikram Seth (e) England (b) Seychelles (c) Jhumpa Lahiri 50. Which is the correct descending order of (c) Switzerland (d) Chetan Bhagat the top three remittance receiving (d) Germany (e) None of these country in 2015 (e) None of these 41. Union Petroleum & Natural Gas (a) USA, China, India 32. How many Indian companies are among Ministry has launched a scheme for (b) India, China, Brazil the world’s 100 most innovative online release of LPG connection (c) India, China, company by Forbes scheme named (d) China, India, Brazil (a) 2 (b) 3 (a) SARAL (b) SAHAJ (e) India, China, Malaysia (c) 7 (d) 9 (c) SAHAYA (d) SAMADHAN 51. The 900 year old Parrot Lady (e) 17 (e) SANJOG sculpture returned to Modi by

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 36 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Canada during his visit will be (b) Virat Kohli 69. Union govt. has launched a telemedicine placed at the ASI museum at (c) M.S. Dhoni initiative to provide healthcare facilities (a) Patna (b) Bodhgaya (d) Gautam Gambhir in rural areas named (c) Khajuraha (d) Tanzone (e) None of these (a) Sehat (b) Sahaya (e) Ellora 60. Which community has been demanding (c) Sahamat (d) e-medicine 52. Mogens Lykketoft who visited India is reservation in Gujarat (e) None of these the President elect of UN (a) Gujjar (b) Patel 70. India has been developing the Chabar (a) Security Council (c) Lodha (d) All of these Port in which country (b) General Assembly (e) None of these (a) Pakistan (c) UNESCO 61. As per census 2011 report Muslim (b) Iran (d) UNICEF population growth has increased by (c) Afghanistan (e) ICJ (a) 26.4% (b) 24.6% (d) Sri Lanka 53. Noted Indian Agricultural Scientist (c) 22.6% (d) 22.4% (e) Bangladesh M. Vijay Gupta has been awarded (e) 21.3% 71. The UN climate talk will be held at the Sunhak Peace Prize by 62. Vedanta has declared to close its alumina (a) Pans (b) Rio (a) Japan refinery at which place in Odisha (c) Tokyo (d) New Delhi (b) South Korea (a) Chendipada (e) England (c) Philippines (b) Lanjigarh 72. The Homeland Security Dialogue will (d) Sri Lanka (c) Kalinganagar be conducted between India and (e) Norway (d) Badbil (a) UK (b) France 54. Who is USA National Security Advisor (e) None of these (c) USA (d) Italy (a) Candaleeza Rice 63. Which country has pledged £ 150 million (e) Russia (b) Susan Rice to modernise infrastructure in Odisha 73. India has lost its Solar lighting panel (c) Hillary Clinton (a) USA (b) UK case with USA at which International (d) John Kerry (c) Japan (d) France Institution (e) None of these (e) Russia (a) UNO (b) World Bank 55. Bangladesh Army and Border Guard 64. Which state got the highest number of (c) IMF (d) WTO Bangladesh has launched joint Smart City out of the 98 declared by (e) EU operation against the Union govt. 74. Australia and India agreed to collaborate (a) NSCN (a) Gujarat (b) Tamil Nadu in educational research and training (b) JeM (c) UP (d) MP under which programmee (c) Arakan Army (e) Rajasthan (a) STEP (d) Bangladesh Fedayen 65. PM has identified how many poorest (b) BRIDGE (e) None of these districts focussed attention in terms (c) INSTEP 56. Foreign Portfolio Investors has pulled of health care (d) SHARE out what amount of investment from (a) 134 (b) 144 (e) None of these Indian Capital market recently (c) 164 (d) 174 75. USA agreed to collaborate with Sri (a) $ 2.65 billion (e) 184 Lankan govt. at which international (b) $ 2.35 billion 66. National Sports Day is observed on body on Human Right violation during (c) $ 1.25 billion (a) 28th August Eelam war (d) $ 1.75 billion (b) 29th August (a) UNSC (e) $ 2.95 billion (c) 30th August (b) UNHRC 57. Reliance group has decided to (d) 31st August (c) UNESCO establish aerospace port at (e) 26th August (d) UNICEF (a) Nagpur 67. An open source web based toll India (e) None of these (b) Gandhinagar Energy Security Scenario 2047 has been 76. WHO declared which country free from (c) Hyderabad launched by maternal and neotatal tetanus (d) Patna (a) NSA (b) NITI Ayog (a) Pakistan (e) Mumbai (c) RBI (d) NSSO (b) India 58. Central govt. has approved for the (e) NIL (c) Sri Lanka establishment of how many new SEZ 68. Union govt. has announced its plans to (d) Nepal recently implement the Sendai Framework on (e) Bhutan (a) 3 (b) 4 (a) Green House Gas Emission 77. USA has declared which Islamic terror (c) 6 (d) 8 (b) Disaster Risk Reduction group as Specially Designated Global (e) 9 (c) Sustainable Development Terrorist recently 59. Name the Cricketer who received (d) Hazardous Waste Management (a) JeM (b) Al-Quida Award 2015 (e) Pollution Control (c) Taliban (d) Haqqani (a) Rohit Sharma (e) Mujahideen

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 37 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

78. IAEA has signed an agreement with 86. As per govt. of India declaration MAT 94. Which railway zone has become the 1st which country to create world’s first will not be levled on FII on their in India to eliminate all unmanned level internationally controlled bank of low investment prior to crossings enriched uranium (a) 1st April 2014 (a) West-Central (a) Tajikistan (b) Uzbekistan (b) 1st January 2014 (b) East-Coast (c) Mongolia (d) Kazakhstan (c) 1st April 2015 (c) Central (e) Russia (d) 1st January 2015 (d) South-Central 79. SBI will issue equity share on (e) None of these (e) South-Coast preferential basis to the tune of 87. To strengthen the environmental 95. Which city will host the 2022 (a) Rs. 5393 cr. monitoring in South-east Aisan Rigion Commonwealth Games (b) Rs. 4393 cr. NASA & USAID has started the (a) Tokyo (b) Beijing (c) Rs. 3394 cr. SERVIR-Mekong project covering how (c) New Delhi (d) Durban (d) Rs. 5693 cr. many countries (e) Seoul (e) Rs. 6593 cr. (a) 3 (b) 4 96. India remained the fastest growing major 80. Which state will host the Global (c) 5 (d) 6 economy of the world for the 2nd Investor’s meet in September 2015 (e) 7 consecutive year with GDP growth of (a) Haryana 88. As per CSO estimate what is the kharif what level during 1st quarter of 2015 (b) Maharashtra food grain production during 2014-15 (a) 6.5 (b) 6.8 (c) Tamil Nadu (a) 126.31 MT (c) 7 (d) 7.2 (d) Gujarat (b) 176.31 MT (e) 7.5 (e) Odisha (c) 196.31 MT 97. Union govt. has notified the merger 81. The Indic thought meeting of a Global (d) 243.31 MT of FMC with Hindu-Buddhist Initiative on Conflict (e) 253.31 MT (a) RBI (b) IRDA Avoidance and Environment 89. Which of the following banks have been (c) SEBI (d) TRAI Consciousness was held at declared by RBI as Domestic (e) None of these (a) Bodhgaya (b) Varanashi Systematically Important Bank 98. Which ITES company has launched two (c) Virndavan (d) Agra (a) SBI & HDFC new financial products for the Indian (e) Tirupati (b) SBI-ICICI market namely Finacle Payments Bank 82. L.C. Goyal replaced Rajiv Mehershi as (c) SBI-AXIS and Finacle Small Finance Bank the Union Secretary of (d) SBI-SBS (a) TCS (a) Commerce (e) SBI-PNP (b) Wipro (b) Finance 90. Violence and killing took place in which (c) Google (c) Foreign North-eastern state against the passage (d) Infosys (d) Home Affairs of land bills by the state assembly (e) None of these (e) Defence (a) Mizoram (b) Manipur 99. IMF expects the global economy to grow 83. The Defence Acquisition Council has (c) Nagaland (d) Tripura at what level during the current financial given approval for purchase of 36 (e) Assam year Rafale multirole fighter jet by Indian 91. The Union govt. has expressed its (a) 4.3 (b) 5.3 Air Force from commitment to provide how many (c) 3.3 (d) 2.3 (a) USA (b) France job to the disabled by February (e) 6.3 (c) Russia (d) Israel 2016 100. India has won the UNESCO Award for (e) China (a) 10000 (b) 50000 Excellence 2015 for conservation work 84. The Union govt. has released what (c) 15000 (d) 20000 at the Sree Vadakkunnathan Temple amount of fund to the Employee’s (e) 25000 (a) Tamil Nadu Pension scheme 1995 as its 92. The Union govt. has approved the (b) Gujarat contribution for the year 2015-16 auctioning of how many small and (c) Rajasthan (a) Rs. 2000 cr. marginal oil & gas fields (d) Kerala (b) Rs. 3000 cr. (a) 59 (b) 69 (e) Bihar (c) Rs. 4000 cr. (c) 79 (d) 89 101. A New Industrial Policy has been (d) Rs. 5000 cr. (e) 99 declared by which state government (e) Rs. 6000 cr. 93. The Global Investors meet between recently 85. Which state govt has declared to give 9th & 10th September 2015 was (a) Rajasthan 2% reservation in job to the grand hosted by (b) Madhya Pradesh children of freedom fighters (a) Mumbai (b) Chennai (c) Uttar Pradesh (a) UP (b) Maharashtra (c) Kolkata (d) New Delhi (d) Odisha (c) Bihar (d) Rajasthan (e) Bengaluru (e) Bihar (e) Punjab

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 38 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

102. The Wheeler Island renamed after (a) 30 days (b) 45 days 120. Indian Boxer Vikas Krishan has won Missile Man APJ Abdul Kalam is in (c) 60 days (d) 75 days the Silver Medal of the Asian which district of Odisha (e) 90 days Championship held at (a) Balasore 111. The OROP scheme declared by the (a) Beijing (b) Bangkok (b) Puri Union govt. will come into force from (c) New Delhi (d) Seoul (c) Khordha (a) 1st January 2014 (e) None of these (d) Bhadrak (b) 31st March 2014 121. “Mumbai Dialogue Towards a TB Free (e) Ganjam (c) 1st April 2014 India” has been launched with the 103. The central govt. plans to facilitate (d) 1st July 2014 cooperation of which foreign country electricity connection to all village in (e) 1st April 2015 recently India in next 112. Indian ISRO will launched the LAPAN (a) Japan (b) France (a) 100 days (b) 500 days A2/Orari satellite in September (c) USA (d) China (c) 1000 days (d) 1500 days belonging to which country (e) Germany (e) 2000 days (a) Japan (b) England 122. AUSINDEX-15 is the joint naval 104. As per NCRB report which state top (c) Turkey (d) Indonesia exercise between the Indian navy with the list in fake currency circulation in (e) Singapore that of India 113. The Disaster Mitigation Conference (a) USA (b) China (a) Maharashtra of SAARC was held recently at (c) Australia (d) Russia (b) Gujarat (a) New Delhi (e) France (c) Bihar (b) Islamabad 123. As per SEBI new guidelines on anchor (d) Tamil Nadu (c) Thumper investor their number has been (e) West Bengal (d) Kathmandu increased to what per issue of Rs. 250 105. Which country has signed agreement (e) Dacca cr. with India on Skill Training and 114. ONGC has acquired 15% stake in (a) 10 (b) 15 Education Initiative Vanker oil field from Rosnft of (c) 20 (d) 25 (a) Canada (a) USA (b) France (e) 30 (b) USA (c) Russia (d) Iraq 124. Who has been appointed as the new (c) Switzerland (e) UAE full time member of the NITI Ayog (d) Poland 115. NASA-ISRO NISAR mission is aim recently (e) France to study (a) V.K. Saraswat 106. G-20 Finance Ministers meeting was (a) Mars (b) Aravind Panagaria held recently at (b) Pluto (c) Bibek Debroy (a) Tokyo (b) Toronto (c) Natural Hazard (d) Ramesh Chand (c) Ankara (d) Suva (d) Forest (e) None of these (e) Beijing (e) Monsoon 125. Who has been selected to receive the 107. Which Indian company has been ranked 116. RBI will issue commemorative coins Ekalabya Sports Award given by IMFA 119th in the Fortune Global 500 list of of what denomination to celebrate the (a) Saina Salonika 2115 Indo-Pak war of 1965 (b) Dilip Tirkey (a) ONGC (b) NTPC (a) Rs. 1 (b) Rs. 2 (c) Dutee Chand (c) IOC (d) GAIL (c) Rs. 5 (d) Rs. 10 (d) Pratima Puhan (e) SAIL (e) Rs. 20 (e) Pramila Kirsane 108. As per report contingency fund with 117. Adesh Srivastava who passed away 126. Who heads the high power committee RBI used in case of unforeseen shocks recently is a famous to built strategic partnership between has fallen to (a) Dancer DRDO and pvt. sector (a) 6.4% (b) 7.4% (b) Music Composer (a) V.K. Saraswat (c) 5.4% (d) 8.4% (c) Actor (b) V.K. Aatre (e) 9.4% (d) Journalist (c) V.K. Malhotra 109. Under Make in India programme the (e) Coach (d) V.K. Ayanger central govt has received investment 118. Jhumpa Lahiri has been selected for (e) V.K. Sharma proposals worth the 2014 National Humanities Medal 127. PM Modi will visit the Facebook (a) $ 2.05 billion by which country headquarter located at Palo Alto in (b) $ 3.05 billion (a) Bangladesh (b) Japan (a) Mexico (b) Texas (c) $ 4.05 billion (c) France (d) USA (c) California (d) Washington (d) $ 5.05 billion (e) Russia (e) Miami (e) $ 6.05 billion 119. PrEP is a drug developed against 128. The central govt. has increased the e- 110. SEBI has notified a time period of how (a) Malaria (b) HIV AIDS Tourist Visa Scheme to how many many days for implementing the SEBI (c) Dengue (d) Polio countries in total recently new Listing Regulation 2015 (e) Ebola (a) 160 (b) 150

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 39 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(c) 140 (d) 130 (a) 7th September (c) R.S. Mohant (e) 120 (b) 8th September (d) R.S. Mishra 129. Ibrahim Mahlab resigned on bribery (c) 9th September (e) R.S. Mohanty scandal as PM of which country (d) 10th September 146. Who received the Indira Gandhi Peace recently (e) 11th September Prize from the President recently (a) Syria (b) Egypt 138. The Union govt. has approved 100% (a) DRDO (b) BARC (c) Jordan (d) Pakistan FDI in which of the following recently (c) ICAR (d) ISRO (e) Afghanistan (a) Bank ATM (e) SEBI 130. Russia has sent its forces to which (b) White Label ATM 147. The 7th session of the India-Belarus country to fight the ISIS militants (c) Brown ATM Intergovernmental Commission on (a) Syria (b) Iraq (d) Gray ATM Trade & Economic Cooperation was (c) Libya (d) Iran (e) Red ATM held at (e) Turkey 139. Which state govt. has set minimum (a) Kremlin (b) Minsk 131. The sixth “EKUVRIN” 2015 joint educational qualification for candidates (c) New Delhi (d) Hyderabad military training was held recently in Panchayat Raj election recently (e) Mumbai between the security force of India (a) Uttar Pradesh 148. Recently India has signed an agreement and (b) Kerala with which country for repatriation of (a) Japan (b) Sri Lanka (c) Odisha wanted prisoners and criminals (c) Maldives (d) China (d) Tamil Nadu (a) Indonesia (b) Australia (e) Australia (e) Haryana (c) China (d) Bangladesh 132. Which state govt. has approved the 140. Union govt. has hiked the DA of central (e) Nepal formation of an Anti-Terrorism Squad govt. employees by what percentage 149. The parliament of which country has in the state recently recently given conditional approval to the (a) Andhra Pradesh (a) 6% (b) 8% nuclear deal with India (b) Maharashtra (c) 10% (d) 12% (a) France (b) Australia (c) Bihar (e) 15% (c) Mongolia (d) Canada (d) Jharkhand 141. The Innerline Permit Bill passed by (e) Japan (e) West Bengal which state Assembly recently led to 150. International Literacy Day is observed 133. To promote organic farming in the state massive violence in the state across the world on which state has recently organised a (a) Manipur (a) 7th September three day long organic fair (b) Nagaland (b) 8th September (a) Himachal Pradesh (c) Assam (c) 9th September (b) Andhra Pradesh (d) Tripura (d) 10th September (c) West Bengal (e) Arunachal Pradesh (e) 12th September (d) Tamil Nadu 142. Which state govt. has decided to abolish 151. Aylan Kurdi the small boy whose death (e) Maharashtra the state Administrative Tribunal aroused world public opinion on the 134. The central govt. set the target of recently refugee crises is from achieving 100% literacy in the villages (a) Bihar (a) Iran (b) Syria adopted under the Sansad Adarsh Gram (b) Uttar Pradesh (c) Libya (d) Jordan Yojana by which year (c) Andhra Pradesh (e) None of these (a) 2015 (b) 2016 (d) Odisha 152. How many Indians has featured in the (c) 2017 (d) 2018 (e) Rajasthan Forbes Asian Hero of Philanthropy list (e) 2019 143. Which bank in Odisha launched the 2015 135. Which state govt. has completely Bank on Wheel recently (a) 3 (b) 4 banned the manufacturing storage (a) ICICI (b) SBI (c) 5 (d) 6 distribution & sale of tobacco recently (c) UCO (d) OSCB (e) 7 (a) Uttar Pradesh (b) Maharashtra (e) Andhra Bank 153. The minimum gold which a person can (c) Haryana (d) Odisha 144. INS Vajrakosh the latest Indian Navy deposit in the bank under the gold (e) Bihar Installation for missile storage has been monetisation scheme is 136. USA based renewable energy company commissioned at Karwar naval base in (a) 10gm (b) 30gm Sun Edison Inc. has signed MOU with (a) Gujarat (c) 50gm (d) 100gm which state to establish 2 gigawatt of (b) Karnataka (e) 200gm wind and solar power recently (c) Andhra Pradesh 154. The maximum limit to invest in the (a) Rajasthan (b) Uttar Pradesh (d) Tamil Nadu gold bond scheme per person in a year (c) Gujarat (d) Tamil Nadu (e) Goa is (e) Maharashtra 145. Who is the Chairman of TRAI (a) 200 gm (b) 300 gm 137. 1st Telengana Language Day was (a) R.S. Pathak (c) 500 gm (d) 750 gm observed on (b) R.S. Sharma (e) 1000 gm

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 40 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

155. NTPC will raise what amount through 164. After Mahatma Gandhi the Union (c) Pierre Huges Herbert tax free secured non-convertible bond govt. decided to involve which leader (d) Nicolas Mahut in this fiscal with the Swachh Bharat mission (e) Leander Paes (a) Rs. 500 cr. (b) Rs. 700 cr. (a) B.G. Tilak 173. The player from which country will (c) Rs. 1000 cr. (d) Rs. 2000 cr. (b) Jay Prakash Narayan not participate in the Hockey India (e) Rs. 5000 cr. (c) Binoba Bhabe League 2015 156. Rakesh Sharma assumed charge as MD (d) Sardal B. Patel (a) Iran (b) USA & CEO of which bank recently (e) None of these (c) France (d) Pakistan (a) UCO 165. Which Indian Institute of Technology (e) Bangladesh (b) Canara Bank has get 179 rank in the QS World 174. Name the newly developed indigenous (c) HDFC Bank University Ranking 2015-16? second generation anti-tank missile (d) IOB (a) Khagagpur (a) -I (b) -I (e) Corporation Bank (b) Bombay (c) -1 (d) Amogh-I 157. Which public sector company is going (c) Delhi (e) Saurya-I to join the Maharatna status by the (d) Ahmadabad 175. The Union govt has approved the end of 2016 (e) Bhubaneswar Shyam Prasad Mukherjee Mission for (a) HPCL (b) NTPC 166. AUSINDEX-15 is the bilateral naval (a) Urban areas (c) SAIL (d) GAIL exercise between India and (b) Rural areas (e) BPCL (a) Indonesia (b) Malaysea (c) Metro 158. Which Bollywood actor has been (c) Australia (d) USA (d) Both (a) & (b) conferred with the Honoured Guest of (e) France (e) None of these Texas Award for his contribution to 167. A new constitution has been 176. Union HRD Ministry has decided to cinema and world of art promulgated in which neighbouring roll out which programme for exchange (a) Amitabh Bachchan country of India recently of internationally renowned expert to (b) Anupam Kher (a) Pakistan (b) Afghanistan teach in Indian universities (c) Govinda (c) Bangladesh(d) Nepal (a) GIAN (b) SAHAYA (d) Shahrukh Khan (e) Bhutan (c) INSTEP (d) FAME (e) Amol Palikar 168. Indian Railway has signed MOU with (e) FLAME 159. Joshna Chinnappa in news recently is Google to launch which Wi-Fi access 177. Indian Railway is seeking what associated with which sports programme around 400 railway amount from the Central govt. to (a) Squash (b) TT station in India establish a Special Safety Fund (c) Chess (d) Tennis (a) Project Sampark (a) 1 lakh cr. (b) 2 lakh cr. (e) Archery (b) Project Nilgiri (c) 3 lakh cr. (d) 4 lakh cr. 160. Brad Harddin who declared his (c) Project Sambandh (e) 5 lakh cr. retirement from Test Cricket belong to (d) Project Access 178. The Union govt. has launched the which country (e) None of these Pradhan Mantri Khanij Kshetra (a) England (b) Australia 169. RBI has cancelled the registration of Kalyan Yojana for (c) New Zealand (d) South Africa which NBFC recently (a) Mining workers (e) None of these (a) Tata Mutual Fund (b) Mine owners 161. Which state top the position in case of (b) Birla Mutual Fund (c) People affected by mining project doing business in India as per World (c) Reliance Money (d) All of these Bank report (d) Sahara Financial Services (e) None of these (a) Odisha (b) Maharashtra (e) Bandhan Financial 179. The Central govt. has imposed ban on (c) Gujarat (d) Tamil Nadu 170. Central govt. has decided to imported which North East insurgent group (e) Andhra Pradesh what percentage of import duty on steel recently 162. National Hindu Diwas is celebrated on products recently (a) NDFB (a) 6th September (a) 10% (b) 15% (b) NSCN (I-M) (b) 11th September (c) 20% (d) 25% (c) NSCN K. (c) 14th September (e) 30% (d) Bodo Tager Force (d) 19th September 171. Tonny Abbott who has been ousted (e) ASSU (e) 23rd September from power recently is the PM of 180. M. Shiksha Mitra Mobile Apps has 163. Union govt. has increased the workday (a) France (b) Germany been launched by which state govt. sunder MGNREGA in drought hit (c) Australia (d) Greece (a) Uttar Pradesh areas to (e) Italy (b) Madhya Pradesh (a) 100 (b) 150 172. Who won the 2015 US Open Tennis (c) West Bengal (c) 200 (d) 250 Men’s Title (d) Jharkhand (e) 300 (a) Novak Djokevic (e) Odisha (b)

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 41 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

181. India has signed MOU on Tourism & educational qualification to contest Meking Ganga Cooperation with which panchayat election ANSWER KEYS country (a) Uttar Pradesh (b) Bihar (a) Indonesia (b) Malaysia (c) Haryana (d) Rajasthan 1. (c) 2. (a) 3. (d) 4. (c) (c) Thailand (d) Cambodia (e) Gujarat 5. (b) 6. (c) 7. (a) 8. (a) (e) Japan 192. PM launched the National Integrated 9. (b) 10. (c) 11. (b) 12. (a) 182. Who is not a member of G-4 Power Development Scheme for 24×7 13. (b) 14. (a) 15. (b) 16. (b) (a) India (b) Japan power supply at 17. (b) 18. (d) 19. (a) 20. (c) (c) Germany (d) Brazil (a) Varanashi (b) Ujjaeni 21. (c) 22. (c) 23. (c) 24. (c) (e) South Africa (c) Patna (d) Jaipur 25. (a) 26. (e) 27. (d) 28. (c) 183. Simply-CLICK online shopping card (e) Surat 29. (b) 30. (d) 31. (b) 32. (b) has been launched by which bank 193. Janet Yellen is the head of the Central 33. (d) 34. (d) 35. (b) 36. (b) recently Bank of which country 37. (a) 38. (d) 39. (b) 40. (d) (a) SBI (b) ICICI (a) UK (b) USA 41. (b) 42. (a) 43. (d) 44. (b) (c) HDFC (d) AXIS (c) France (d) Germany 45. (c) 46. (b) 47. (d) 48. (d) (e) None of these (e) Japan 49. (c) 50. (c) 51. (c) 52. (b) 184. Which PSU bank plans a capital infusion 194. What is Indian rank in the Global 53. (b) 54. (b) 55. (c) 56. (a) of Rs. 3000 cr. by bond sale & shave to Innovation Index? 57. (a) 58. (c) 59. (a) 60. (b) large investor (a) 76 (b) 78 61. (b) 62. (b) 63. (b) 64. (c) (a) Canara Bank (b) Syndicate Bank (c) 81 (d) 84 65. (d) 66. (b) 67. (b) 68. (b) (c) SBI (d) UCO Bank (e) 86 69. (a) 70. (b) 71. (b) 72. (c) (e) Andhra Bank 195. “Two years eight months and twenty 73. (d) 74. (b) 75. (b) 76. (b) 185. DGMO level losk was held recently eight days5’’is a book by 77. (d) 78. (d) 79. (a) 80. (c) between India & Pakistan (a) Salman Rushidie 81. (a) 82. (d) 83. (b) 84. (a) (a) Pakistan (b) Bangladesh (b) Uikram Seth 85. (c) 86. (d) 87. (c) 88. (a) (c) China (d) Nepal (c) Taclima Nasreen 89. (b) 90. (b) 91. (c) 92. (b) (e) Bhutan (d) Raj Malhotra 93. (b) 94. (a) 95. (d) 96. (c) 186. RBI has granted in principle (e) None of these 97. (c) 98. (d) 99. (c) 100. (d) approval for how many small banks 196. Which has been declared as the National 101. (d) 102. (d) 103. (c) 104. (b) recently Animal of Nepal 105. (c) 106. (c) 107. (c) 108. (d) (a) 10 (b) 11 (a) Elephant (b) Lion 109. (b) 110. (e) 111. (d) 112. (d) (c) 12 (d) 14 (c) Musk Deer (d) Cow 113. (a) 114. (c) 115. (c) 116. (c) (e) 15 (e) Bull 117. (b) 118. (d) 119. (b) 120. (b) 187. What is the minimum paid up capital 197. Govt. is considering increasing FDI in 121. (c) 122. (c) 123. (d) 124. (d) of the Small Bank DTH to 125. (c) 126. (b) 127. (c) 128. (b) (a) 100 cr. (b) 200 cr. (a) 49% (b) 51% 129. (b) 130. (a) 131. (c) 132. (d) (c) 300 cr. (d) 400 cr. (c) 74% (d) 100% 133. (a) 134. (b) 135. (c) 136. (d) (e) 500 cr. (e) None of these 137. (c) 138. (b) 139. (e) 140. (a) 188. EPFO has increased the life insurance 198. Sharif Ismail has been sworn in as PM 141. (a) 142. (d) 143. (d) 144. (b) over of its subscriber from Rs. 3.6 lakh of which country 145. (b) 146. (d) 147. (b) 148. (a) to (a) Israel (b) Egypt 149. (b) 150. (b) 151. (b) 152. (e) (a) Rs. 4 lakh (b) Rs. 5 lakh (c) Turkey (d) Pakistan 153. (b) 154. (c) 155. (b) 156. (b) (c) Rs. 6 lakh (d) Rs. 7 lakh (e) None of these 157. (e) 158. (b) 159. (a) 160. (b) (e) Rs. 8 lakh 199. Jackie Collins who passed away is a 161. (c) 162. (c) 163. (b) 164. (b) 189. Who won the UN Champion of Earth famous 165. (c) 166. (c) 167. (d) 168. (b) Award for policy leadership 2015 (a) Player (b) Director 169. (d) 170. (c) 171. (c) 172. (a) (a) Narendra Modi (c) Musician (d) Novelist 173. (d) 174. (d) 175. (b) 176. (a) (b) Barak Obama (e) Singer 177. (a) 178. (c) 179. (c) 180. (b) (c) Sheikh Hassina 200. International Day of peace is observed 181. (d) 182. (e) 183. (a) 184. (b) (d) Nawaz Sharif on 185. (a) 186. (a) 187. (a) 188. (c) (e) None of these (a) 20th September 189. (c) 190. (e) 191. (c) 192. (a) 190. Which country will host the XIX Asian (b) 21st September 193. (b) 194. (c) 195. (a) 196. (d) Games in 2022 (c) 22nd September 197. (d) 198. (b) 199. (d) 200. (b) (a) India (b) Japan (d) 23rd September (c) India (d) Indonesia (e) 24th September (e) China 191. The Supreme Court has stay the decision of which state govt. to fix 

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 42 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

40 MCQ ON COMPUTER 1. Which of the following statements is (a) on the desktop 15. Which of the following displays to the false concerning file names ? (b) on the hard drive right of the space where the text will (a) Files may share the same name or (c) on the shortcut menu be inserted when you type? the same extension but not both (d) in the Properties dialog box (a) Screen tip (b) Every file in the same folder must (e) None of these (b) Insertion point have a unique name 8. The physical arrangement of elements (c) Rulers (c) File extension is another name for on a page is referred to as a document’s (d) Office Assistant file type. …………… (e) None of these (d) The file extension comes before (a) features (b) format 16. How are data organized in a the dot(.) followed by the file (c) pagination (d) grid spreadsheet? name (e) None of these (a) Lines and spaces (e) None of these 9. Where is data saved permanently ? (b) Layers and planes 2. A disk’s content that is recorded at the (a) Memory (c) Height and width time of manufacture and that cannot (b) Storage (d) Rows and columns be changed or erased by the user is – (c) CPU (e) None of the above (a) memory-only (d) Printer 17. You cannot link Excel worksheet data to (b) write-only (e) None of these a Word document (c) read-only 10. Which of the following is not true about (a) with the right drag method (d) run-only computer files ? (b) with the hyperlink (e) None of these (a) They are collections of data saved (c) with the copy and paste special 3. Distributed processing involves – to a storage medium commands (a) solving computer component (b) Every file has a filename (d) with the copy and paste buttons problems from a different (c) A file extension is established by on the standard commands computer the user to indicate the file’s (e) All of the above (b) solving computing problems by contents 18. You can start Microsoft Word by using breaking them into smaller parts (d) Files usually contain data ………… button. that are separately processed by (e) None of these (a) New different computers. 11. A ……….. is a design tool that (b) Start (c) allowing users to share files on a graphically shows the logic in a solution (c) Program network. algorithm. (d) Control Panel (d) allowing users to access network (a) flow chart (e) None of these resources away from the office (b) hierarchy chart 19. ……………. is a set of keywords, (e) None of these (c) structure chart symbols and a system of rules for 4. The operating system determines the (d) context diagram constructing statements, by which manner in which all of the following (e) None of these humans can communicate the occurs except – 12. A file that contains definitions of the instructions to be executed by a (a) user creation of a document paragraph and character styles for your computer. (b) user interaction with the processor document and all things you (a) A computer program (c) printer output customized like; toolbars and menus is (b) A programming language (d) data displayed on the monitor called a (c) An assemble (e) None of these (a) guide (d) Syntax 5. Office LANs that are spread geographically (b) pattern (e) None of the above apart on a large scale can be connected (c) base document 20. A printer is this kind of device using a corporate – (d) template (a) input (a) CAN (b) LAN (e) None of these (b) word processing (c) DAN (d) WAN 13. The blinking symbol on the computer (c) processing (e) TAN screen is called the (d) output 6. The taskbar is located ……….. (a) mouse (b) logo (e) None of the above (a) on the Start menu (c) hand (d) palm 21. IT stands for (b) at the bottom of the screen (e) cursor (a) Information Technology (c) on the Quick Launch toolbar 14. When cutting and pasting the item cut is (b) Integrated Technology (d) at the top of the screen temporarily stored in (c) Intelligent Technology (e) None of these (a) ROM (b) Hard Drive (d) Interesting Technology 7. Generally, you access the Recycle Bin (c) Diskette (d) Dashboard (e) None of the above through an icon located ……….. (e) Clipboard 22. Sending an e-mail is similar to (a) picturing an event

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 43 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(b) narrating a story (a) floppy disk manner that you understand their (c) writing a letter (b) USB thumb drive capabilities and limitations. (d) creating a drawing (c) zip disk (a) computer literate (e) None of the above (d) hard disk drive (b) computer competent 23. What is the term for unsolicited e-mail? (e) Pen drive (c) computer savvy (a) Newsgroup 31. Which device uses a handheld operating (d) technology literate (b) Usenet system? (e) None of these (c) Backbone (a) A PDA 39. The system component that controls (d) Flaming (b) A personal computer and manipulates data in order to (e) Spam (c) A laptop produce information is called the ____ 24. What type of program controls the (d) A mainframe (a) keyboard various computer parts and allows the (e) None of these (b) microprocessor user to interact with the computer? 32. Numbers and formulae entered in a cell (c) monitor (a) Utility software are called _____. (d) mouse (b) Operating system (a) labels (e) None of these (c) Word processing software (b) numeric entries 40. The container that houses most of the (d) Database program (c) intersection electronic components that make up a (e) None of the above (d) text computer system is known as the ___ 25. Office LANs that are spread (e) fillers (a) arithmetic-logic unit geographically apart on a large scale can 33. _____ is the most popular Internet (b) central processing unit be connected using a corporate activity. (c) RFID (a) CAN (b) LAN (a) Art (d) system catalog (c) DAN (d) WAN (b) Shopping (e) None of these (e) TAN (c) Searching 26. This type of memory improves (d) Entertainment processing by acting as a temporary (e) Communication ANSWER KEYS high-speed holding area between the 34. Computers process binary numbers, memory and the CPU. which are composed of_____. 1.c 2.c 3.c 4.b (a) RAM (a) 1s and 2s 5.d 6.b 7.a 8.b (b) ROM (b) 2s and 4s (c) cache memory (c) 1s and 10s 9.b 10.c 11.a 12.d (d) flash memory (d) 2s and 3s 13.e 14.e 15.e 16.d (e) EPROM (e) 0s and 1s 27. Software you can use to create a budget 35. A DVD is an example of a (n) _____ 17.e 18.b 19.a 20.d is called (a) hard disk 21.a 22.c 23.e 24.a (a) word processing software (b) optical disc 25.d 26.c 27.d 28.d (b) graphics software (c) output device (c) utility software (d) solid-state storage device 29.e 30.d 31.a 32.d (d) spreadsheet software (e) None of these 33.e 34.c 35.b 36.a (e) None of these 36. A ____ is approximately one million 28. The mouse _____ usually appears in bytes. 37.c 38.a 39.b 40.e the shape of an arrow. (a) megabyte (a) indicator (b) kilobyte (b) marker (c) gigabyte  (c) meter (d) terabyte (d) pointer (e) None of these (e) None of these 37. Hardware used to translate words, ABBREVIATION 29. If a processor has a word size of 32 bits, sounds, images, and actions that people compared to a processor with a word understand into a form that the system APEDA : Agricultural and Processed Food size of 16 bits, it can process_____ at unit can process is known as Products Exports Development Authority a time. (a) device drivers CII : Confederation of Indian Industry (a) thrice as much (b) device readers (b) half as much (c) input devices CSIR : Council for Scientific and Industrial (c) a fourth as much (d) output devices Research (d) the same amount (e) None of these FASAL : Forecasting Agricultural output (e) twice as much 38. Being ______means being familiar 30. The most common storage device for enough with computers in such a using Space, Agro meteorological and Land the personal computer is the based observations

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 44 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

FICCI : Federation of Indian Chambers of DESCRIPTIVE ENGLISH Commerce and Industry Directions (Q.1-10) : Read the following passage carefully and answer the questions given ICAR : Indian Council of Agricultural below it. Certain words have been printed in bold to help you locate them while answering Research some of the questions. ICRISAT : International Crops Research Indeed the western recession is really the beginning of good news for India! But to understand that we will have to move away for a while from the topic of western recession ...... to the Institute for Semi Arid Tropics Japanese recession! For years the Japanese style of management has been admired. However, IFFCO : Indian Farmers Fertiliser Co- over the last decade or so, one key question has sprung up ‘if Japanese management style is operative Limited as wonderful as described then why has Japan been in a recession for more than a decade? The answer to this question is very simple. Culture plays a very important part in shaping up ISOPOM : Integrated Scheme of Oilseeds, economies. What succeeds in one culture fails in another. Japanese are basically non materialistic. Pulses, Oil Palm and Maize And however rich they become, unlike others, they cannot just keep throwing and buying KRIBHCO : Krishak Bharti Co-operative endlessly. And once they have everything they need; there is a saturation point. It was only Limited when companies like Toyota realized that they cannot keep selling cars endlessly to their home market that they went really aggressive in the western markets-and the rest is history. MPLADS : Member of Parliament Local Japanese companies grew bigger by catering to the world markets when their home markets Area Development Scheme shrunk. NABARD : National Bank for Agricultural And the markets have to shrink finally after attaining a level of affluence! And that’s great for the world because earth needs sustainable development. It does not need monstrous consumers and Rural Development who keep consuming at the cost of the environment and the earth. There should be limits to NAFED : National Agricultural Co- growth so that consumers are not converted into material dustbins for the profit of a handful operative Marketing Federation of corporations. NeGP : National e-Governance Plan Owing to the materialistic culture elsewhere, it was possible to keep selling newer products to the consumers despite having existing ones which served equally well. They were lured NDDB : National Dairy Development through advertising and marketing techniques of ‘dustbinisation’ of the customer; and then Board finally, once they became ready customers, they were given loans and credits to help them NREGS : National Rural Employment buy more and more. When all the credit worthy people were given loans to a logical limit, they ceased to be a part of the market. Even this would have been understandable if it could work Guarantee Scheme as an eye opener. Instead of taking the ‘Right Step’ as Toyota did, they preferred to take a SGSY : Swarnajayanti Gram Swarozgar ‘shortcut’. Now banks went to the non creditworthy people and gave them loans. The people Yojana expectedly defaulted and the entire system collapsed. Now like Toyota western companies will learn to find new markets. They will now lean TRIFED : Tribal Cooperative Marketing towards India because of its common man! The billion plus population in the next 25 years Development Federation of India Limited will become, a consuming middle-class. Finally, the world’s attention will shift to the GANDHI : Green Action for National Dandi developing world. Finally, there will be a real surge in income of these people and in the next Heritage Initiative fifty odd years, one can really hope to see an equal world in terms of material plenty, with poverty being almost nonexistent! And this will happen not by selling more cars to Americans REDD : Reducing Emissions from and Europeans. It will happen by creating markets in India, China, Latin America and Africa, Deforestation and forest Degradation by giving their people purchasing power and by making products for them. JNNURM : Jawaharlal Nehru National The recession has made us realize that it is not because of worse management techniques, but because of limits to growth. And they will realize that it is great for planet earth. After all, Urban Renewal Mission how many cars and houses must the rich own before calling it enough? It’s time for them to CAPART : Council for Advancement of look at others as well. Many years back, to increase his own profits, Henry Ford had started People’s Action and Rural Technology paying his workers more, so that they could buy his cars. In similar fashion, now the developed world will pay the developing world people so that they can buy their cars and washing RNTCP : Revised National Tuberculosis machines. Control Programme The recession will kick-start the process of making the entire world more prosperous, and PYKKA : Panchayat Yuva Krida aur Khel lay the foundation of limits to growth in the west and the foundation of real globalization in Abhiyan the world - of the globalization of prosperity. And one of its first beneficiaries will be India. 1. Although admired since years, why did the scepticism over the Japanese management style start since the last decade? (a) Japanese companies have been moving out of their home markets since the last  decade. (b) Japanese banks have provided loans indiscriminately to the creditworthy as well as non creditworthy people.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 45 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(c) Because Japanese markets have been going through a (a) Only A period of continuous recession since the last decade. (b) Only B and D (d) The unlimited growth of the Japanese markets has come (c) Only A and B at the cost of the western market. (d) Only B (e) None of these (e) None of these 2. According to the author, what is the main cause of Japanese recession? Directions (Q.7-8) : Choose the word which is most similar in (a) Only a handful of corporations earned profits and not meaning to the word printed in bold as used in the passage. the people in general. 7. CATERING (b) Non creditworthy people defaulted which led to a (a) Considering (b) Lending collapse of the entire system. (c) Supplying (d) Working (c) Consumers were sold newer products which were similar (e) Indulging in quality to the existing ones. 8. AGGRESSIVE (d) Japanese do not purchase endlessly and thus when (a) Violent (b) Determined products had been sold to every customer, the markets (c) Demanding (d) Offensive slowed down. (e) Brutish (e) None of these 3. How does the author foresee the future globalization as an Directions (Q.9-10) : Choose the word/phrase which is most analogy to Henry Ford’s example? opposite in meaning to the word printed in bold as used in the (A) Car companies would start selling cars in developing passage. countries as well. (B) By paying the developing world the developed world 9. PROSPEROUS would increase its own profit, in turn bringing affluence (a) Distressed (b) Helpless to developing world as well. (c) Worse (d) Worthless (C) To earn profit, the companies in developing countries (e) Underprivileged would move to foreign land. 10. SURGE (a) Only A (b) Only B (a) Decrease (b) Deteriorating (c) Only C (d) Only A and C (c) Weakening (d) Atrophy (e) None of these (e) Crumble 4. According to the passage, which of the following was NOT an effect of providing loans and credits to the customers? ANSWERS (A) The non creditworthy people defaulted. 1. (c) 2. (d) 3. (b) 4. (e) 5. (c) (B) People bought new products which were not needed. 6. (b) 7. (c) 8. (b) 9. (e) 10. (a) (C) Poverty became non-existent. (a) Only A (b) Only B (c) Only A and B (d) Only B and C (e) Only C  5. Why is recession the beginning of good news for India in the author’s view? (A) India can provide an attractive market to the western WORD OF THE MONTH companies. Pick up the word or phrase from the choices which is close to (B) India has remained largely unaffected by recession owing opposite (antonym) to word asked. to its huge population. (C) Indians keep purchasing products despite owning equally 1. MINOR good products. (a) heavy (b) tall (a) Only C (b) Only B (c) major (d) big (c) Only A (d) Only B and C 2. NICE (e) None of these (a) decent (b) unpleasant 6. Why according to the author is the current recession great for (c) sorry (d) polite ‘Planet Earth’? 3. SHALLOW (A) It will make people non-materialistic like the Japanese. (a) high (b) hidden (B) The unlimited market growth which caused hazards to (c) hollow (d) deep the environment would be checked to a certain extent. 4. CONFLICT (C) Banks will now provide loans only to the creditworthy (a) confer (b) collide people. (c) converge (d) contrast (D) Developing countries will also be benefited by shifted 5. CONTENT markets. (a) exhausted (b) peaceful (c) dissatisfied (d) excited

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 46 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

6. FIERCE BANKING TERMINOLOGY (a) gentle (b) violent (c) inactive (d) careful Foreign Investments and Indian Stock Market 7. ABOLISH (a) revoke (b) repair The BSE and NSE (c) supress (d) terminate Most of the trading in the Indian stock market takes place on its 8. SOLID two stock exchanges: the Bombay Stock Exchange (BSE) and the (a) dirty (b) dangerous (c) strong (d) soft National Stock Exchange (NSE). The BSE has been in existence 9. ARTIFICIAL since 1875. The NSE, on the other hand, was founded in 1992 and (a) dummy (b) earthy started trading in 1994. However, both exchanges follow the same (c) spurious (d) synthetic trading mechanism, trading hours, settlement process, etc. At the 10. ANXIETY (a) calmness (b) leisure last count, the BSE had about 4,700 listed firms, whereas the rival (c) scare (d) apprehension NSE had about 1,200. Out of all the listed firms on the BSE, only Select the words or group of words that is most similar in about 500 firms constitute more than 90% of its market capitalization; the rest of the crowd consists of highly illiquid meaning (synonym) to the word in capital letters shares. 11. BRIEF Almost all the significant firms of India are listed on both the A. Limited B. Small exchanges. NSE enjoys a dominant share in spot trading, with C. Little D. Short 12. VENT about 70% of the market share, as of 2009, and almost a complete A. Opening B. Stodge monopoly in derivatives trading, with about a 98% share in this C. End D. Past tense of go market, also as of 2009. Both exchanges compete for the order 13. ALERT flow that leads to reduced costs, market efficiency and innovation. A. Energetic B. Observant C. Intelligent D. Watchful The presence of arbitrageurs keeps the prices on the two stock 14. NEUTRAL exchanges within a very tight range. A. Unbiased B. Non-aligned C. Undecided D. Indifferent Market Regulation 15. DIVERSION The overall responsibility of development, regulation and A. Amusement B. Distortion supervision of the stock market rests with the Securities & Exchange C. Deviation D. Bylane 16. FEEBLE Board of India (SEBI), which was formed in 1992 as an independent A. Weak B. Vain authority. Since then, SEBI has consistently tried to lay down C. Arrogant D. Sick market rules in line with the best market practices. 17. SHIVER A. Feel B. Rock Who Can Invest In India? C. Tremble D. Move India started permitting outside investments only in the 1990s. 18. PONDER Foreign investments are classified into two categories: foreign direct A. Think B. Evaluate C. Anticipate D. Increase investment (FDI) and foreign portfolio investment (FPI). All 19. ERROR investments in which an investor takes part in the day-to-day A. Misadventure B. Misgiving management and operations of the company, are treated as FDI, C. Ambiguity D. Blunder whereas investments in shares without any control over 20. DISTINCTION A. Diffusion B. Disagreement management and operations, are treated as FPI. C. Different D. Degree 1. INVESTORS & TYPES ANSWERS A. FIIs__foreign institutional investor (FII) is a person or a 1. (c) 2. (b) 3. (d) 4. (c) 5. (c) group of people operating or registered in a country that’s not 6. (a) 7. (b) 8. (d) 9. (b) 10. (a) their domicile. Foreign institutional investor groups often operate 11. (d) 12. (a) 13. (d) 14. (a) 15. (c) 16. (a) 17. (c) 18. (a) 19. (d) 20. (c) as hedge funds, pension funds, insurance companies, and mutual funds.  FIIs are mostly associated with India, which has had, until recently, very restrictive laws on foreign investment. FIIs in India are still

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 47 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 regulated by India’s Securities and Exchange Board (which is similar  Tea Plantation–100% to the Securities and Exchange Commission in the United States).  Telecom–100% Foreign investment in India by FIIs has played a substantial part  Tourism–100% in India’s economic growth. This was true even under India’s *Note _ Railways — 49% & some categories -100% (Under restrictive foreign investment laws. Until recently, FII’s were limited proposal) as how much equity they could purchase in a domestic Indian #RBI — Recently banned FDI in Tobacco. company. The interest was always less than 50%. NOTE But recently, India has changed its foreign investor laws to allow Automatic Route FIIs to own up to 100% of Indian companies in certain industries. FDI is allowed under the automatic route without prior approval This change, made in 2014, brings India into conformance with either of the Government or the Reserve Bank of India in all other countries foreign investment policies. Because of the change, activities/sectors as specified in the consolidated FDI Policy, issued India expects FIIs to make investments in India that will help its by the Government of India from time to time. economy double in size in 2015. Government Route *Note_ FIIs need account on stock market to invest in india FDI in activities not covered under the automatic route requires prior approval of the Government which are considered by the B. FDI__Foreign Direct Investment Foreign Investment Promotion Board (FIPB), Department of An investment made by a company or entity based in one country, Economic Affairs. into a company or entity based in another country. Foreign direct investments differ substantially from indirect investments such as C.ODI__OUTWARD DIRECT INVESTMENT portfolio flows, wherein overseas institutions invest in equities A business strategy where a domestic firm expands its operations listed on a nation’s stock exchange. Entities making direct to a foreign country either via a Green field investment, merger/ investments typically have a significant degree of influence and acquisition and/or expansion of an existing foreign facility. control over the company into which the investment is made. Employing outward direct investment is a natural progression for Open economies with skilled workforces and good growth prospects firms as better business opportunities will be available in foreign tend to attract larger amounts of foreign direct investment than countries when domestic markets become too saturated. closed, highly regulated economies. Note_The increase of a nation’s outward direct investment can be *Note_An example of foreign direct investment would be an seen as a proxy that the nation’s economy is booming to the extent INDIAN company taking a majority stake in a company in China. that sufficient risk capital is available for further ventures. FDI Limititations D.FPIs__Foreign portfolio investment  Agriculture-100% Foreign direct investment (FDI) involves establishing a direct  Asset Reconstruction Companies–100% business interest in a foreign country, such as buying or establishing  Civil Aviation–100% a manufacturing business, while foreign portfolio investment (FPI)  Commodity Exchanges–49% is investing in financial assets, such as stocks or bonds, in a foreign  Courier Services–100% country. A number of other differences follow from the basic  Credit Information Companies–74% difference in the nature of the two types of investments.  Defence–49% FPI typically has a shorter time frame for investment return than  Insurance–49% FDI. As with any equity investment, FPI investors usually expect  Multi Brand Retail–51% to quickly realize a profit on their investments. Unlike FDI, FPI  Pension–26% doesn’t offer control over the business entity in which the  Petroleum and Natural Gas–49% investment is made. Because securities are easily traded, the liquidity  Power Exchanges–49% of FPIs makes them much easier to sell than FDIs. FPIs are more  Print Media–49% accessible for the average investor than FDIs, since they require  Private Sector Banks–100% much less investment capital.  Public Sector Banks–20% When making foreign investments, investors have to consider  Single Brand Retail–49% economic factors as well as other risk factors, such as political  Special Economic Zones–100% instability and currency exchange risk.  Stock Exchanges/Clearing Corporations–49%

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 48 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

*Note _ B. GDR_Global Depositary Receipt_  Investment less than 10% –FPIs A bank certificate issued in more than one country for shares in a  greater than 10% — FDIs foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are E.QFIIs__Qualified Foreign Institutional Investor offered for sale globally through the various bank branches. A program that permits certain licensed international investors to A financial instrument used by private markets to raise capital participate in india stock exchanges.Prior to QFII, foreign investors denominated in either U.S. dollars or . were not able to buy or sell shares on india stock exchanges because of india’s tight capital controls. With the launch of the QFII program, C. IDR__Indian Depository Receipts_ licensed investors can buy and sell RUPPEE-denominated “A” Indian Depository Receipt (IDR) is a financial instrument shares. Foreign access to these shares is limited by specified quotas denominated in Indian Rupees in the form of a depository receipt that determine the amount of money that the licensed foreign created by a Domestic Depository (custodian of securities registered investors are permitted to invest in india’s capital markets. with the Securities and Exchange Board of India) against the underlying equity of issuing company to enable foreign companies F.ParticipatoryNotes_p-notes to raise funds from the Indian securities Markets Financial instruments used by investors or hedge funds that are not registered with the Securities and Exchange Board of India to D. EDR_European Depositary Receipt _ invest in Indian securities. Indian-based brokerages buy India-based A negotiable security (receipt) that is issued by a European bank, securities and then issue participatory notes to foreign investors. and that represents securities which trade on exchanges outside of Any dividends or capital gains collected from the underlying the bank’s home country. Abbreviated as “EDRs”, these securities securities go back to the investors. are traded on local exchanges and used by banks – and issuing companies in the U.S. and other countries – to attract investment 2. DEPOSITARY RECEIPT capital from the European region. Say if an Indian company wants to mobilize capital from abroad, can it do it? Even a novice will instantaneously come up with an 3. CITIZEN’s TYPES IN ABROAD answer like ‘NO’. We have too many controls which will not allow A.NRI_non-resident Indian_ raising of capital abroad easily. This is what we ‘perceive.’ As we NRI is a citizen of India who holds an Indian passport and has are liberalizing our economy, raising of capital from outside the temporarily immigrated to another country for six months or more country is slowly enabled by the government. ADRs and GDRs for employment, residence, education or any other purpose. are the result of such liberalization. the term non-resident refers only to the tax status of a person who, as per section 6 of the Income-tax Act of 1961, has not resided in A. ADR_American Depositary Receipt_ India for a specified period for the purposes of the Income Tax A negotiable certificate issued by a U.S. bank representing a Act.The rates of income tax are different for persons who are specified number of shares (or one share) in a foreign stock that is “resident in India” and for NRIs. For the purposes of the Income traded on a U.S. exchange. ADRs are denominated in U.S. dollars, Tax Act, “residence in India” requires stay in India of at least 182 with the underlying security held by a U.S. financial institution days in a calendar year or 365 days spread out over four consecutive overseas. ADRs help to reduce administration and duty costs that years. According to the act, any Indian citizen who does not meet would otherwise be levied on each transaction. the criteria as a “resident of India” is a non-resident of India and is This is an excellent way to buy shares in a foreign company while treated as NRI for paying income tax. realizing any dividends and capital gains in U.S. dollars. However, ADRs do not eliminate the currency and economic risks for the B.PIO__Person of indian origin is a person of Indian origin or underlying shares in another country. For example, dividend ancestry but who is not a citizen of India and is the citizen of payments in euros would be converted to U.S. dollars, net of another country. A PIO might have been a citizen of India and conversion expenses and foreign taxes and in accordance with the subsequently taken the citizenship of another country, or have deposit agreement. ADRs are listed on either the NYSE, AMEX or ancestors born in India or other states. Nasdaq as well as OTC. Other terms with vaguely the same meaning are overseas Indian and expatriate Indian. In common usage, this often includes Indian-

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 49 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 born individuals (and also people of other nations with Indian NRIs (individuals / entities of Bangladesh / Pakistan nationality/ ancestry) who have taken the citizenship of other countries. ownership require prior approval of RBI) Government of India considers anyone of Indian origin up to forty 3. Non-Resident Ordinary Rupee Account Scheme [NRO generations removed to be a PIO, with the exception of those who Account] were ever nationals of Afghanistan, Bangladesh, Bhutan, Nepal, Any person resident outside India (other than a person resident in Pakistan, or Sri Lanka.The prohibited list periodically includes Nepal and Bhutan). Individuals / entities of Pakistan nationality / Iran as well. ownership, entities of Bangladesh2 ownership and erstwhile The government issues a PIO Card to a PIO after verification of his Overseas Corporate Bodies5 require prior approval of the Reserve or her origin or ancestry and this card entitles a PIO to enter India Bank. without a visa. The spouse of a PIO can also be issued a PIO card 4. ACCOUNTS though the spouse might not be a PIO. This latter category includes A. Nostro Account foreign spouses of Indian nationals, regardless of ethnic origin, so A bank account held in a foreign country by a domestic bank, long as they were not born in, or ever nationals of, the denominated in the currency of that country. Nostro accounts are aforementioned prohibited countries.PIO Cards exempt holders used to facilitate settlement of foreign exchange and trade from many restrictions that apply to foreign nationals, such as transactions. The term is derived from the Latin word for “ours.” visa and work permit requirements, along with certain other Conversely, accounts that are held by the domestic bank in its economic limitations. home country for foreign banks are called vostro accounts C.OCI_Overseas Citizenship of India_ For example, a U.S. bank may have nostro accounts with one or In response to persistent demands for “dual citizenship” more Canadian banks. These accounts will be denominated in particularly from the Diaspora in North America and other developed Canadian dollars, which enables efficient settlement of transactions countries and keeping in view the Government’s deep commitment that are Canadian dollar denominated. Nostro accounts also minimize towards fulfilling the aspirations and expectations of Overseas the exposure of the U.S. bank to undue exchange rate risk. Indians. *Note_Anostro is our account of our money, held by the other The Overseas Citizenship of India (OCI) Scheme was introduced bank by amending the Citizenship Act, 1955 in August 2005. The Scheme B.VOSTRO ACCOUNT was launched during the PravasiBharatiya Divas convention 2006 The account that a correspondent bank, usually located in the at Hyderabad. The Scheme provides for registration as Overseas United States or United Kingdom, holds on behalf of a foreign Citizen of India (OCI) of all Persons of Indian Origin (PIOs) who bank. A vostro account is one in which the domestic bank (from the were citizens of India on 26th January, 1950 or there after or were point of view of the currency in which the account is held) acts as eligible to become citizens of India on 26th January, 1950 except custodian or manages the account of a foreign counterpart. Also who is or had been a citizen of Pakistan, Bangladesh or such other known as a loro account. country as the Central Government may, by notification in the *Note_Avostro is our account of other bank money, held by us Official Gazette. *** Note __ Simpley saying foregin investments with indian market OCI is not to be misconstrued as ‘dual citizenship’. OCI does not confer political rights. The registered Overseas Citizens of India shall not be entitled to the rights conferred on a citizen of India  under article 16 of the Constitution with regard to equality of opportunity in matters of public employment

1. Foreign Currency (Non-Resident) Account (Banks) Scheme _FCNR NRIs (individuals / entities of Bangladesh / Pakistan nationality / ownership require prior approval of RBI) 2. Non-Resident (External) Rupee Account Scheme [NRE Account]

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 50 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

100 G.K. QUESTION FOR SSC/RAILWAY 1. The holidays for the banks are declared for micro enterprise in manufacturing (e) Cholamandala Distribution as per which of the following act sector is Services Limited (a) Reserve Bank Act (a) Less than 10 lakh 16. RBI has lifted a ban on carrying Indian (b) Banking Regulation Act-1949 (b) Less than 25 lakh bank notes of Rs. 1000 and 500 (c) Negotiable Instrument Act-1881 (c) Rs. 50 lakh denominators to and from Nepal and (d) Companies Act-1956 (d) Rs. 20 cr. Bhutan. RBI has put a limit on carrying (e) None of these (e) None of these such notes at ______per person 2. “Doing business report” published by 10. The lowering of bank rate by the RBI (a) Rs. 10000 (b) Rs. 15000 (a) World Bank leads to (c) Rs. 25000 (d) Rs. 20000 (b) IMF (a) More liquidity in the market (e) Rs. 30000 (c) ADB (b) Less liquidity in the market 17. Capital market is a market which deals (d) WTO (c) No change in the liquidity in the in (e) None of these market (a) Short term funds 3. ASBA stands for (d) Mobilization of more deposits by (b) Long term funds (a) Application Supported by bank commercial banks (c) Gilt-edge securities account (e) None of these (d) All of the above (b) Application supported by balance 11. What is India’s Apex Tax body? (e) None of these account (a) CBDT 18. Co-operative banks in India are (c) Application supported by (b) GAAR registered under blocked account (c) IT Department (i) Banking laws (Co-operative (d) Application supported by (d) RBI societies) Act 1956 blocked amount (e) None of these (ii) Banking Regulation Act 1949 (e) None of these 12. In India, Scheduled Commercial Banks (iii) Companies Act 1956 4. Interest rate “Savings Deposit” now a are those banks included Select the correct answer? days is decided by (a) In the 2nd schedule of RBI act (a) Only (i) (a) RBI 1934 (b) (i) and (ii) (b) SBI (b) In the 2nd schedule of BR act 1949 (c) (ii) and (iii) (c) Respective Banks (c) In the 2nd schedule of NI act 1881 (d) (i) (ii) and (iii) (d) IBA (d) In the 2nd schedule of companies (e) (i) and (iii) (e) None of these act 1956 19. FSDC stands for 5. “De-mat” account is regulated by (e) None of these (a) Financial Security and (a) RBI (b) SBI 13. Which of the following statements is Development Council (c) IRDA (d) SEBI incorrect regarding RTGS system? (b) Financial Stability and (e) None of these (a) The transactions take place in real Development Council 6. Banking ombudsman is appointed by time (c) Fiscal Security and Development (a) Union Govt. (b) The system operates on DNS Council (b) RBI (Deverred Net Settlement) basis (d) Fiscal Stability and Development (c) Exim Bank (c) The minimum amount that can be Council (d) Respective State Govt. remitted is Rs. 2 lakh (e) None of these (e) None of these (d) Service charges for RTGS 20. What is the retirement age of RBI 7. How much maximum amount that is transactions vary from one bank Governor? insured by “deposit insurance” redit to another (a) 58 years (b) 60 years corporation (DICGC) (e) Only (b) & (c) (c) 62 years (d) 65 years (a) Rs. 50000 (b) Rs. 100000 14. In TRIPS what does ‘I’ stand for (e) None of these (c) Rs. 10000 (d) Rs. 500000 (a) Intellectual 21. Which among the following is not a (e) None of these (b) Information subsidiary of RBI? 8. Life span of Rs. 10 notes are (c) Indian (a) NHB (a) 10-15 months (d) Infra (b) NABARD (b) 16-19 months (e) None of these (c) SIDBI (c) 10-18 months 15. Which of the following entities did not (d) Bharatiya Reserve Bank Note (d) 1-12 months get the license to run payment bank Mudran Pvt. Ltd. (e) 20-25 months (a) Aditya Birla Nuvo Limited (e) None of these 9. According to “Micro Small Medium (b) Sun Pharma 22. In India, the Chit funds are regulated Enterprise Development Act-2006 (c) Fino Pay Tech Limited by? (MSME Act-2006)” investment limit (d) Videocon d2h (a) Central govt. (b) State govt.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 51 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(c) Local bodies (c) Union Bank of India (a) 1 lakh (d) RBI (d) ICICI (b) 2 lakh (e) None of these (e) Central Bank of India (c) 5 lakh 23. Which organization regulates mutual 30. What is the maximum number of Official (d) 50 lakh funds in India? Directors in RBI’s CBD? (e) No upper limit is prescribed (a) RBI (a) One (b) Two 37. Which of the following private bank for (b) SEBI (c) Four (d) Five first time did set up its branch in China? (c) Finance Ministry (e) Seven (a) ICICI (d) SBM 31. Who appoints the governor of RBI? (b) HDFC (e) IRDA (a) President of India (c) Axis Bank 24. At present which two private sector (b) Prime Minister of India (d) Mudra Bank banks are the last ones that were given (c) Central govt. (e) SBI bank licenses by RBI? (d) Vice President 38. Banking industry has been declared as (a) Karur Vysya Bank & Lakshmi (e) Finance Ministry of India public utility service for purpose of Vilas Bank 32. On a review of the permitted (a) NI Act 1881 (b) Axis Bank & Lord Krishna Bank transactions under the Rupee Drawing (b) RBI Act 1934 (c) Kotak Mahindra Bank & Yes Arrangements (RDAS), RBI has (c) BR Act 1949 Bank decided to increase the limit of trade (d) Industrial Disputes Act (d) IDBI Bank & HDFC Bank transactions from the existing Rs. 5 lakh (e) None of these (e) Bandhan & IDFC Bank per transaction to ______per 39. Customer Day in the bank is ______25. According to RBI circular, demand draft transaction of every month? for ______and above should be (a) Rs. 15 lakh (b) Rs. 20 lakh (a) 5th issued by banks only by debit to the (c) Rs. 30 lakh (d) Rs. 25 lakh (b) 10th customers account (e) Rs. 10 lakh (c) 15th (a) Rs. 10,000 or above 33. National Payments Corporation of India (d) 30th (b) upto Rs. 20,000 (NPCI) launched UPI system for (e) Any of the above days (c) upto Rs. 50,000 providing a single payment interface 40. PAN number is required for all (d) upto Rs. 1 lakh across all systems UPI is ______transaction above (e) Rs. 50,000 or above (a) Unifying Payment Interface (a) Rs. 25000 26. Which among the following banks has (b) Unit Paying Interface (b) Rs. 50000 bagged the “MSME Excellence (c) Unified Payment Interface (c) Rs. 1 lakh Awards” 2014? (d) United Payment Intersystem (d) Rs. 10 lakh (a) Corporation Bank (e) None of these (e) No such restriction (b) Canara Bank 34. The RBI has asked banks to display 41. Asia’s oldest stock exchange which (c) Axis Bank which of the following on their completed 140 years of operations on (d) Vijaya Bank websites from 1st April? 2015 July is (e) SBI (a) Loan Processing Fee (a) NSE 27. When a bank dishonor cheque? (b) Loan Interest Rates (b) Hyderabad Stock Exchange (a) It is called settlement of the cheque (c) CIBIL Scores of Individuals (c) BSE (b) It is called withdrawing of the (d) All the above (d) Madras Stock Exchange check (e) Only (a) & (b) (e) None of these (c) It is called nullifying the cheque 35. As per RBI guidelines, banks may 42. The bank allowed by the FIPB to raise (d) It is called truncating the cheque classify a loan as NPA, only if the its FIT cap to 55% recently (e) It is called return of the cheque interest due and the principal during (a) ICICI Bank unpaid any quarter is not serviced fully with (b) Bank of Maharashtra 28. What is the percentage of shareholding in (c) Andhra Bank of the concerned state govt. in Regional (a) 90 days from the end of the (d) Kotak Mahindra Bank Rural Banks? quarter (e) Bank of Baroda (a) 100% (b) 35% (b) 60 days from the end of the 43. The Deposition Education and (c) 60% (d) 20% quarter Awareness Fund (DEAF) has been set (e) 15% (c) 60 days from the beginning of the up with 29. The Indian Railways has launched prep- quarter (a) Public Sector Banks aid rupay debit card for ticket booking (d) 30 days from the end of the (b) SBI and purchasing on IRCTC site. This quarter (c) RBI pre-paid card has been launched in (e) 30 days from the beginning of the (d) Indian Banks Association association with quarter (e) GOI (a) Bank of India 36. Upper limit prescribed for RTGS 44. RBI set guidelines on OTS for BSEs for (b) Bank of Baroda transaution is settlement of their NPAS. OTS means

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 52 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(a) Order Time Settlement Scheme 52. For tracing prices of residential (d) payee bank’s headquarters lies (b) One Task Settlement Scheme properties in India, who launched the (e) bank branch of the payee lies (c) One Time Settlement Scheme index by name “RESIDES”? 59. On 25th February 2015 RBI said – given (d) One Time Score Scheme (a) NHB to account holders under Jan Dhan (e) None of these (b) NABARD Yojana come under priority sector 45. CBS means (c) RBI holding (a) a marketing strategy adopted by (d) Syndicate Bank (a) zero balance facility the banks (e) None of these (b) free online facility (b) a new type of ATM useful for 53. The present Indian monetary is based (c) free passbook facility rural population on (d) free sms facility (c) a delivery channel for quick and (a) Gold Reserve System (e) overdraw vacility vast delivery (b) Proportional Reserve System 60. The MUDRA Bank will be set up with (d) a new product launched to help (c) Convertible Reserve System what amount as capital? senior citizens only as they are (d) Minimum Reserve System (a) $ 2.2 billion not able to visit branches/ATM (e) None of these (b) $ 3.2 billion frequently 54. Which bank has decided to discontinue (c) $ 4.2 billion (e) None of these issuing slips after cash withdrawals at (d) $ 5.2 billion 46. Non-bank entities must have net worth ATMs and will alert the customer (e) None of these of at least how much to be eligible for through SMS only? 61. Which among the following is a operating white level ATMs? (a) SBI qualitative tool of monetary policy? (a) Rs. 100 cr. (b) Rs. 200 cr. (b) Canara Bank (a) Bank rate (c) Rs. 300 cr. (d) Rs. 400 cr. (c) HDFC (b) credit ceiling (e) Rs. 500 cr. (d) Axis Bank (c) credit refinance 47. Fixed deposit in a commercial bank can (e) Allahabad Bank (d) credit rationing be done for a maximum period of 55. The RBI Governor and Central govt. (e)None of these ______years? have agreed to introduce inflection 62. Account holders have to maintain an (a) 10 (b) 15 targeting and has set a consumer AQB for their accounts in certain (c) 20 (d) 25 inflection target of ______, with a banks. What does the term AQB stands (e) None of these band of plus or minus 2 percentage for? 48. Money lent for more than one day but points by end of March 2017 (a) Average Quantitative Balance less than 15 days in the money market (a) 4% (b) 5% (b) Average Qualitative Balance is known as (c) 6% (d) 7% (c) Average Quarterly Balance (a) Call Money (e) 4.5% (d) Average Qualified Balance (b) Notice Money 56. On 1st June 2015, which nation has (e) None of these (c) Term Money unveiled the world’s first facial 63. The rate at which banks borrow funds (d) All the above recognition ATM? overnight from RBI against govt (e) None of these (a) USA (b) UK securities is called 49. Which of the first commercial bank who (c) India (d) China (a) Repo had launched a mutual fund? (e) England (b) MSF (a) ICICI 57. Finance Minister Arun Jaitely has (c) Reverse repo (b) Canara Bank inaugurated new bank paper line of (d) call money (c) Indian Bank 6000 MT capacity at ______on 30th (e) None of these (d) Bank of India May 2015 64. The RBI has allowed Indians to carry (e) SBI (a) Hoshangabad, MP high value denominations notes (Rs 500 50. What is green banking? (b) Nashik, Maharashtra & Rs 1000) while travelling to Nepal (a) Bank finance to agriculture (c) Chennai, Tamil Nadu & Bhutan. The maximum limit that an (b) Bank financing on pro- (d) Hyderabad, Telangana individual can carry is______environment projects (e) Kochi, Kerala (a) 10,000 (b) 20,000 (c) Bank financing to irrigation 58. The Lok Sabha on 13th May declared (c) 15,000 (d) 25,000 (d) All bank financing to farmers the Negotiable Instruments (e) None of these (e) None of these (Amendment) Bill, 2015. It provides 65. RRB amendment Bill 2014 has been 51. The rate at which the domestic currency that cases of bouncing of cheques can passed in Loksabha to raise authorized can be converted into foreign currency be filled only in a court in whose capital of RRBS from 5 crore to 2000 & vice-versa is known as the jurisdiction the crore. Rs 2000 crore is how many (a) MIBOR (a) drawer bank head office lies shares (b) LIBOR (b) bank branch of the drawer lies (a) 2000 crore shares (c) Base rate (c) all cases transfer to Mumbai as (b) 200 crore shares (d) Exchange rate RBI has headquarters there (c) 100 crore shares (e) Interbank call money rate B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 53 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(d) 20 shares (c) SWIFT (a) 50000 (b) 1 lakh (e) None of these (d) SFMS (c) 25000 (d) 10 lakh 66. RBI’s financial year starts from (e) FINACLE SOFTWARE (e) 5 lakh (a) 1st April (b) 1st July 74. What is the relationship between a bank 82. The announcement of Bank holidays on (c) 1st June (d) 1st May & customer when a locker is rented out 2nd & 4th Saturday was effected from (e) None of these by a bank to a person: (a) 31 Aug 2015 67. Infusion of liquidity by RBI is done (a) Bailor & Bailee (b) 1st Sept 2015 through______from /to banks under (b) Bailee and Bailor (c) 30 Aug 2015 a ______transaction. (c) Principal & Agent (d) 30 Sept 2015 (a) borrowing, repo (d) Leasee & Leasor (e) 20 Sept 2015 (b) lending, repo (e) Leasor & Leasee 83. When the conversion rate of our (c) borrowing, reverse repo 75. At present Indian banks are required to currency goes high in compared to other (d) lending, reverse repo achieve priority sector lending target currency it is known as (e) None of these of 40 percent of aggregate advances (a) Rupee devaluation 68. ______do not attract TDS. with ______sub-limit for the (b) Rupee depreciation (a) fixed deposits farm sector. (c) Rupee demodulation (b) recurring deposits (a) 8% (b) 10% (d) Rupee Appreciation (c) SAs (c) 15% (d) 18% (e) Rupee divide (d) CAs (e) 20% 84. At present what is the maximum amount (e) Refreshment deposits 76. In India, Forex rates are determined by that a payment bank can accept from a 69. The market which expects the prices of (a) importers depositor? shares go up in the market is (b) RBI (a) 5 lakh (b) 1 lakh called………….. (c) exporters (c) 2 lakh (d) 75000 (a) Depressed market (d) Ministry of commerce (e) 10 lakh (b) Duck market (e) Demands supply forces 85. Which of the following will be the co- (c) fundamental market 77. Committee launched the process of investor for India Aspiration fund (d) Bear market reforms of financial system in India (IAF) & SIDBI make in India Loan for (e) Bull market (a) Gadgil Committee enterprises funds launched by SIDBI 70. Hundi is a (b) Nariman Committee (a) LIC (b) GIC (a) draft (c) Narasimham Committee (c) SBI finance (d) Tech M (b) cheque (d) Khanna Committee (e) ICICI (c) Bills of exchange (e) P J Nayak Committee 86. The MUDRA Bank will be first set up (d) promissory note 78. Which is the first bank to get ISO as a subsidiary of the (e) pay order certificate? (a) NABARD 71. Banking ombudsman services are (a) corporation bank (b) SBI available to (b) UBI (c) EXIM Bank (a) All scheduled commercial banks (c) Canara Bank (d) SIDBI (b) RRBs (d) Syndicate Bank (e) IDBI (c) Scheduled primary co-operative (e) ICICI 87. RBI was recommended by which Banks 79. Which of the following rate is not committee______. (d) Only a & c decided by RBI? (a) The Royal committee (e) All of the above (a)Bank rate (b) Betton woods Committee 72. One of the major challenges banking (b) base rate (c) The Young Committee industry is facing these days is money (c) repo rate (d) The Royal Commission on Indian laundering. Which of the following acts/ (d) MSF currency& finance norms are launched by the banks to (e) reverse repo (e) The Edward Committee prevent money laundering in general? 80. A company which pools money from 88. Which of the following authorities is (a) Banking Regulation Act investors and invests in stocks, bends, not involved with FDI dealing (b) KYC norms shares is called (a) RBI (b) SEBI (c) Negotiable instrument Act (a) A Bank (c) FIPB (d) FII (d) FATF (b) An insurance company (e) GOI (e) Narcotics & Psychotropic (c) mutual fund 89. To Commemorate the 1st Yoga day, the Substance Act (d) Bankassurance RBI recently announced to issue coins 73. The network for common data (e) None of the above or which denominations? communication for banks and FIs 81. Maximum compensation on ombudsman (a)Rs. 2 (b) Rs. 5 launched by RBI is empowered to award in respect of (c) Rs. 10 (d) Rs. 50 (a) BANKNET deficiency in service of the credit card (e) Rs. 20 (b) INFINET operation is

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 54 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

90. Exports in India get insurance cover and 98. G-20 nations have launched w-20 women leaders to bring gender global economic growth risk cover from which of the following first summit in organizations? (a) Tokyo (b) Brisbane (c) Turkey (d) Istanbul (e) New York (a) SIDBI (b) NABARD 99. Name of the Indian American writer who has been selected for national humanity medal (c) ECGC (d) RBI by US President (e) DICGC (a) Sutis Gujral (b) Jhumpa Lahiri 91. The inflation led by rising food crises (c) Neel Mukhergee (d) Kiran Desai (e) Arvind Adiga caused by increased demand for 100. India Australia Navy exercise name agricultural commodities is called- (a) AUSINDEX 1 (b) AUSINDEX 5 (a) Hyper inflation (c) AUSINDEX 15 (d)AUSINDEX 20 (e) None of these (b) Stagflation (c) Agflation (d) Deflation (e) disinflation  92. The Gilt edged security market is the market for which of the following? (a) Market for trading in gold ANSWER KEYS (b) Market for trading in silver 1. (c) 2. (a) 3. (d) 4. (c) 5. (d) 6. (b) 7. (b) 8. (e) (c) Market for govt securities 9. (b) 10. (a) 11. (a) 12. (a) 13. (b) 14. (a) 15. (d) 16. (c) (d) Market for industrial securities 17. (b) 18. (a) 19. (b) 20. (c) 21. (c) 22. (b) 23. (b) 24. (e) (e) Junk securities 25. (e) 26. (a) 27. (e) 28. (e) 29. (c) 30. (d) 31. (c) 32. (a) 93. The international bank which has 33. (c) 34. (e) 35. (a) 36. (e) 37. (a) 38. (d) 39. ( ) 40. ( ) announced to cut up 50000 jobs 41. (c) 42. (d) 43. (c) 44. (c) 45. (c) 46. (a) 47. (b) 48. (b) globally 49. (e) 50. (b) 51. (d) 52. (a) 53. (d) 54. (c) 55. (a) 56. (d) (a) IDBI 57. (a) 58. (e) 59. (e) 60. (b) 61. (d) 62. (c) 63. (b) 64. (d) (b) HDFC 65. (b) 66. (b) 67. (b) 68. (b) 69. (e) 70. (c) 71. (e) 72. (b) (c) HSBC 73. (a) 74. (e) 75. (d) 76. (e) 77. (c) 78. (c) 79. (b) 80. (c) (d) IMF 81. (b) 82. (b) 83. (b) 84. (b) 85. (a) 86. (d) 87. (d) 88. (b) (e) peoples bank of China 89. (c) 90. (c) 91. (c) 92. (c) 93. (c) 94. (b) 95. (b) 96. (c) 94. Apex Bank of China 97. (c) 98. (d) 99. (b) 100. (c) (a) Federal Reserve (b) peoples Bank of China (c) RBI  (d) peoples Industrial bank of China (e) HSBC 95. Recently PM Narendra Modi has inaugurated a metro line connecting VANIK’S KNOWLEDGE GARDEN Delhi with which of the following Important Nuclear Power Plant in India districts? Plant Location State Capacity (a) Gurgoan (b) Foridabad Narora Atomic Power Narora Uttar Pradesh 440 MW (c) Noida (d) Sonepur Station (e) Haryana Rajasthan Atomic Rawatbhata Rajasthan 1180 MW 96. Which Indian boxer has won silver medal Power Station in the Asian Championship held in Tarapur Atomic Power Tarapur Maharashtra 1400 MW Bangkok, Thailand in 75 kg category Station (a) Shiva Thapa Kakrapar Atomic Kakrapar Gujarat 440 MW (b) Devendro Singh Power Station (c) Vikas krishan Kudankulam Nuclear Kudankulam Tamilnadu - MW (d) Satish kumar Power Plant (e) None of these Madras Atomic Power Kalpakkam Tamilnadu - MW 97. Which state govt has decided to reduce Station the syllabus by 25% upto class 8th. Kaiga Nuclear Power Kaiga Karnataka 660 MW (a) Kerala Plant (b)Haryana Madras Atomic Power Kalpakkam Tamil Nadu 440 MW (c) Delhi Station (d) Nagaland (e) Gujrat

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 55 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

PRACTICE SET FOR UPCOMING EXAM [IBPS-PO (PRELIMINARY-1)]

QUANTITATIVE APTITUDE The following line graph gives distance (in km) travelled by five different trucks in a Commodity 1-1-2009 A month A Year Directions (Q. 1-5): What approximate Ago Ago day. Wheat 940 925 920 value should come in place of the Rice 1280 1296 1246 question mark (?) in the following Pulses 2030 2045 2015 questions? Sugar 3215 3120 3186 Potato 552 595 575 1. (65)2  3.2558 =? Salt 815 825 796 1) 12750 2) 13700 3) 13760 4) 13550 16. What is the percentage variation of Rice 5) 12850 over a month? 2. (8344 – 7128 – 509)  (906 – 601 – 65) (1) 1.234 (2) –1.234 =? (3) –2.234 (4) 2.234 1) 6 2) 4 (5) –0.986 3) 3 4) 1 11. What is the respective ratio of the 17. The price of potato on 1–1–2008 is 5) 5 distance travelled by Truck A to the approximately what percent of the 3. 173% of 13541 =? distance travelled by Truck D? price of wheat on 1 -12- 2008? 1) 23400 2) 23500 1) 17 : 19 2) 11 : 15 (1) 55% (2) 69% 3) 23600 4) 24000 3) 19 : 17 4) 15 : 11 (3) 57% (4) 62% 5) 24500 5) None of these (5) 52% 4. (11.21)3 =? 12. What is the average distance travelled 18. What was the difference between the 1) 1390 2) 1400 by all the Trucks together ? cost of 85 kgs of salt and 29 kg of wheat 3) 1409 4) 1419 1) 510 km 2) 515 km on 01-12-2008 ? 5)1423 3) 425 km 4) 475 km (1) Rs. 405 (2) Rs 480 5. 14675  ? =57.96  23.01 5) None of these (3) Rs. 433 (4) Rs. 453 1) 9 2) 11 13. If Truck C covered the given distance at (5) None of these 3) 13 4) 15 the average speed of 55 km/hr, what 19. The average price of all the commodities 5) 17 was the time taken by it to cover this on 01-01-2009 is approximately what distance? percent of the average price of all the Directions (Q. 6-10): What should come 1) 12 hours 2) 10 hours commodities on 01-01-2008? in place of question mark (?) in the 3) 8 hours 4) 6 hours (1) 101% (2) 91% following number series? 5) None of these (3) 111% (4) 118% 14. The distance travelled by Truck A 6. 13 35 ? 299 893 2675 (5) 85% is approximately what per cent of the 1) 97 2) 99 20. If a person is ready to buy 10 kg of total distance travelled by Truck E and 3) 101 4) 103 wheat, 5 kg of sugar, 1 kg of salt and 20 C together ? 5) 107 kg of pulses, what amount he has to 1) 44 2) 50 7. 49 ? 169 289 361 529 pay for it ? 3) 52 4) 58 1) 81 2) 144 (1) Rs.608.5 (2) Rs.628.50 5) 55 3) 196 4) 121 (3) Rs.618.70 (4) Rs.668 .90 15. If the time taken by Truck B to cover 5) 112 (5) None of these the given distance was 8 hours, what 8. 26 43 69 ? 181 293 474 767 was the average speed of the truck ? Directions (Q.21-25) : In each of the 1) 81 2) 144 1) 51·75 km/hr following questions, two equations are given. 3) 196 4) 121 2) 45·25 km/hr You have to solve these equations and 5) 100 3) 52·25 km/hr Given Answer if 9. 30 132 ? 4110 28812 230552 4) 43·75 km/hr (1) x< y 1) 443 2) 512 5) None of these (2) x> y 3) 610 4) 680 (3) x = y or relation cannot be explain 5) 710 Directions (16- 20): Study the table and (4) x y 10. 13 16 20 22 34 ? 55 52 83 76 answer the following questions. Price  1) 34 2) 38 Variations of some commodities (Rs/ quintal) (5) x  y 3) 42 4) 43 5) 46 21. I. x2 – 24x + 144 = 0 II. y2 – 26y + 169 = 0 Directions (Q.11–15) Study the following 22. I. 2x2 + 3x – 20 = 0 graph carefully to answer the questions II. 2y2 + 19y + 44 = 0 that follow—

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 56 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

23. I. 6x2 + 77x + 121 = 0 31. A can do a work in 6 days more than REASONGINGABILITY II. y2 + 9y – 22 = 0 what B takes to do the work. A worked 24. I. x2 – 6x = 7 for 7 days, then B takes the work and Directions (Q. 36-40): In each question II. 2y2 + 13y + 15 = 0 completed it in 10 more days.In how below are given two or three statements 25. I. 10x2 – 7x + 1 = 0 many days each of them can complete followed by two conclusions numbered I, II. 35y2 – 12y + 1 = 0 the work individually? II, III & IV. You have to take the given 26. The age of father is three times the age (1) A can 21 days and B can 15 days statements to be true even if they seem to of his son at present. Four years hence (2) A can 24 days and B can 17 days be at variance with commonly known facts. the ratio between the ages of father and (3) A can 22 days and B can 16 days Read all the conclusions and then decide son becomes 13 : 5 respectively. What (4) A can 26 days and B can 15 days which of the given conclusions logically is the present age of father? (5) None of these follows from the given statements, (1) 48 years 32. A person wants to divide a sum of Rs. disregarding commonly known facts. (2) 42 years 3,90,300 between his two sons who 36. Statements: Some cars are trains. (3) 52 years are 13 and 15 years of age respectively All trains are buses. (4) Cannot be determined in such a way that their shares, if Some buses are scooters. (5) None of these invested at 4% per annum compound Conclusions: I. Some trains are 27. Amit took a bus from home to market, interest, should produce the same scooters. that travels at 40 kmph. While walking amount when they become 18 years of II. Some scooters are cars. back at 4 kmph, halfway through, he age. Find the share of the elder son. III. All buses are trains. suddenly realized he was getting late (1) Rs. 202810 IV. Some buses are cars. and he cycled back the remaining (2) Rs. 202800 1) All follows distance in 30 kmph. Find the average (3) Rs. 202081 2) None follows speed. (4) Rs. 202815 3) Only IV follows (1) 6.5 kmph (5) None of these 4) Only III and IV follow (2)12.0 kmph 33. A purchased a dining table, marked at 5) None of these (3)28.5 kmph Rs. 3,000 at a successive discounts of 37.Statements: All chairs are doors. (4) 25kmph 10% and 15% respectively. He gave All doors are windows. (5) None of these Rs. 105 as transportation charge and Some windows are tables. 28. P, Q and R together earn Rs.1620 in 9 sold it at Rs. 3,200. What is his gain Conclusions: I. All chairs are windows. days. P and R can earn Rs.600 in 5 percentage? II. Some windows are chairs. days. Q and R in 7 days can earn (1) 22 1/3% III. Some tables are not windows. Rs.910. How much amount does R can (2) 25% IV. All tables are windows. earn per day? (3) 33 1/3% 1) Only I and II follow (1) Rs. 20 (4) 37 17/24% 2) All follow (2) Rs.30 (5) None of these 3) Only I and II and either III or IV follow (3) Rs.70 34. A person can row a boat d km upstream 4) Only either III or IV follow (4) Rs.40 and the same distance downstream in 5 5) None of these (5) None of these hours 15 minutes. Also, he can row the 33. Statements: Some baseballs are footballs. 29. The monthly income of a person was boat 2d km upstream in 7 hours. How No footballs are basketballs. Some Rs. 13,500 and his monthly long will it take to row the same distance basketballs are tennis balls. expenditure was Rs. 9,000. Next year 2d km downstream? Conclusions: I. No footballs are his income increased by 14% and his (1) 3/2 hours tennisballs. and his expenditure increased by 7%. (2) 7 hour II. Some tennisballs are not footballs. The per cent increase in his saving was (3) 7 (¼) III. Some footballs are tennisballs. (1) 7 (2) 21 (4) 7/2 hours IV. Some baseballs are not basketballs. (3) 28 (4) 35 (5) None of these 1) Either I or III, II and IV follow (5) None of these 35. When a dealer heard that the price of 2) Only either I or III and IV follow 30. Two pipes A and B can fill a cistern in certain product was about to increase 3) Only either I or III and II follow 37 1/2 minutes and 45 minutes Rs. 5 per pack, he purchased a number 4) All follow respectively, Both pipes are opened. of packs of this product for Rs. 4,500/ 5) None of these The cistern will be filled just in half an -. Had hepur- chased it at the new price, 39. Statements: Some dogs are goats. hour, if the pipe B is turned off after: he would have obtained 10 fewer packs. Some goats are cows. Some cows are (1) 15 minutes How many packs did he buy’? elephants. (2) 10 minutes (1) 90 (2) 100 Conclusions: I. All dogs are elephants. (3) 5 minutes (3) 50 (4) 125 II. Some goats are elephants. (4) 9 minutes (5) None of these III. Some dogs are not elephants (5) None of these IV. Some goats are not elephants. 1) Only I and II follow

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 57 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

2) Only III and IV follows engineering and fashion designing but not in (a) Three among them get into the bus 3) Only I follows same order. at the base station. 4) Only IV follows 1. Naveen is not from Bangalore. (b) S gets down at the next station at 5) None of these 2. Doctor is either form Delhi or which U gets down. 40. Statements: Some pens are pencils. Ahmadabad. (c) Q does not get down either with Some pencils are not erasers. 3. Nishi is from Ernakulum. P or T. Some erasers are inkpots. 4. Ragni is in musical activity. (d) V alone gets into at station III and Conclusions: I. Some inkpots are not 5. Aashish and Nisha are doctor and gets down with R after having pencils. fashion designer but not in same order. passed one station. II. No erasers are pencils. 6. From Ahmedabad there is a musician. (e) P travels between only two III. Some pens are not erasers. 7. Teacher is not from Bangalore. stations and gets down at V. IV. Some pens are erasers. (f) None of them gets into at station 1) Only I, II and III follow 46. Who is doctor among them? II. 2) Only I, II and IV follow 1) Neha (g) R gets into with U but does not 3) Only either III or IV follows 2) Nisha get into with either Q or S. 4) None follows 3) Aashish (h) T gets into with two others and 5) None of these 4) Naveen gets down alone after S. 5) Can’t be determined (i) Q and S’s father work in the same Directions (Q. 41-45): In the following 47. Which activity belong to Ahmadabad? office and they get down together questions, the symbols *, #, $, @ and © are 1)Teaching at station III. used with the following meanings as 2) Music (j) None of them gets down at station illustrated below: 3) Software Engineering I. ‘A * B’ means ‘A is not Smaller than B’. 4) Medical ‘A # B’ means ‘A is neither smaller than 5) Fashion Designing 51. At which station does T get down? nor greater than B’. 48. From which city do Aashish and Naveen 1) II ‘A $ B’ means ‘A is not greater than B. belong to respectively? 2) III ‘A @ B’ means ‘A is neither smaller than 1) Delhi – Calcutta 3) IV nor equal to B’. 2) Calcutta – Bangalore 4) Data inadequate ‘A © B’ means ‘A is neither greater than 3) Delhi – Bangalore 5) None of these nor equal to B’. 4) Calcutta – Delhi 52. At which station do R and U get into? Give answer: 5) Delhi – Ahmadabad 1) I 1) if only conclusion I is true. 49. The software engineer is from – 2) II 2) if only conclusion II is true. 1) Delhi 3) III 3) if either conclusion I or II is true. 2) Calcutta 4) Data inadequate 4) if neither conclusions I nor II is true. 3) Bangalore 5) None of these 5) if both conclusions I and II are true. 4) Ernakulum 53. At which of the following stations do Q 5) Ahmadabad and S get into. 41. Statements: J @ B, B * T, T # R, P 50. Which one among the following is the 1) I © R correct group of combination? 2) base station Conclusions: I. P © T II. R $ B 1) Naveen – Delhi – Teacher 3) III 42. Statements: X $ Y, Y © Z, G * Z 2) Aashis – Ernakulum – Doctor 4) Data inadequate M * G 3) Nisha – Ernakulum – Fashion – 5) None of these Conclusions: I. X $ M II. M * Y Designer 54. After how many stations does T get 43. Statements: O @ U, V © U, C * D, 4) Neha – Bangalore – Musician down if counted from the station he N $ D 5) Ragni – Delhi – Musician gets into? Conclusions: I. C @ N II. C # N 1) One 44. Statements: E © I, F © E, W $ F, G $ W Directions (Q.51-55) : Read the following 2) Two Conclusions: I. I @ G II. I # G information carefully and answer the 3) Three 45. Statements: B @ C, P @ C, M * P, J * M question which follow. 4) Four Conclusions: I. C # J II. C © J Seven students P, Q, R, S, T, U and V go to 5) None of these school by school bus. The school bus picks 55. T gets down after how many stations at Directions (Q. 46-50):These questions are them up from the nearby station of their based on the following information. which U gets down? home and they get down at the nearby bus 1) next station Five friends Neha, Naveen, Aashish, Ragni, station of their father’s office. The five bus and Nisha are from five different cities viz 2) two stations at which they get into and get down 3) three Ahmadabad, Bangalore, Calcutta, Delhi and are I, II, III, IV and V respectively, leaving Ernakulam. They are experts in five different 4) four the base station. The rest of the information 5) None of these fields i.e. teaching, music, medical, software is given below:

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 58 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Direction (Q.56-60): Study the following Therefore, in the given seatingarrangement (5) More than three information to answer the given each person seated in arow faces another 67. Point R is 10 metres north of point A. questions. person of the otherrow. point K is exactly in the middle of the In a certain code language, ‘university does A sits third to the left of E. Theperson facing points R and A. Point N is 7 metres not have requirement’ is written as ‘doo A sits second to the leftofT. Two persons east of point A. Point M is 7 metres relmo see it’, ‘university evaluates are sitting betweenT and P. C and D are east of point K. Point S is 6 metres requirement’ is written as ‘see jomo’, immediate neighbours. C and D do not sit at north of point M. What is the distance ‘requirement is necessary’ is written as ‘mo any of theextreme ends of the line. Only between points S and N? pi ga’ and ‘does university necessary’ is oneperson sits between B and C. The person (1) 13 metres written as ‘pi see it.’ facing D is an immediate neighbour ofQ.Vis (2) 16 metres not an immediate neighbour of P. S does not (3) 11 metres 56. Which of the following represents the face A. (4) 12 metres code for ‘university requirement is (5) None of these necessary’? 61. Who amongst the following sitsseconds 68. In a certain code language the word 1) seega pi mo to the right of the person who faces R? COSTLY is written as WORVMF and 2) mo pi see nee (1) C the word PRAISE is written as 3) ga pi moti (2) D CVGDPS. How will the word 4) jomo pi ga (3) B SOCCER be written in that code 5) None of these (4) E language? 57. Which of the following is the code for (5) Cannot be determined (1) PHAFMV ‘university is necessary system’? 62. Which of the following statements (2) BJWQRA 1) aluptaga see regarding B is true? (3) PGAENU 2) alu pi ga see (a) B sits second to the left ofC (4) AKXPSB 3) pi ga see jo (b) A sits to immediate left of B (5) None of these 4) Can’t be determined (c) T faces B 69. In a certain code language ‘he was not 5) None of these (d) D is an immediate neighborof B absent’ is written as ‘jasifera’; ‘absent 58. Which of the following is the code for (e) The person who faces B is case was not’ is written as ‘gafe je ra’ ‘have’? animmediate neighbour of S and ‘no one was absent’ is written as 1) nee 63. Who amongst the following facesP? ‘da g era fe’. What does ‘si’ stands for? 2 ) doo (1) A (1) was (2) not 3) mo (2) D (3) one (4) he 4) Can’t be determined (3) C (5) case 5) None of these (4) E 70. Eight people – M, N, O, P, Q, R, S and 59. What does ‘rel’ stand for? (5) Cannot be determined T – are sitting around a circular table 1) not 64. Who amongst the following sits exactly facing the centre but not necessarily in 2) have between T and R? the same order. N sits second to the 3) either ‘not’ or ‘have’ (1) V left of M. Three people are sitting 4) does (2) Q between N and S. P is the immediate 5) None of these (3) S neighbor of S. R and N are not 60. What does ‘ga’ stand for? (4) P immediate neighbours. O sits second 1) is (5) Cannot be determined to the left of P. Only three people sit 2) requirement 65. Four of the following five are alikein a between R and O. Who among the 3) necessary certain way based on the given seating following is sitting third to the right of 4) Can’t be determined arrangement and thusform a group. R? 5) None of these Which is the onethat does not belong (1) Q (2) N to the group? (3) T (4) M Directions (61-65) : Study thefollowing (1) F (5) O information carefully answerthe given (2) Q questions : (3) T ENGLISH LANGUAGE Twelve persons are sitting in twoparallel (4) C rows containing six personseach, in such a (5) E Directions (Q.71-75): In the following way that there is anequal distance between 66. How many 3-digit numbers can be passage, there are blanks, each of which adjacent persons. In row-1, A, B, C, D, E formed using the 4th, 7th and 9th digits has been numbered. These numbers are and Fare seated (but not necessarily in of the number 937862541 each of printed below the passage and against thesame order) and all of them are which is completely divisible by 7 ? each, five words are suggested, one of facingsouth. In row-2, P, Q, R, S, T and (1) None which fits the blank appropriately. Find Vare seated (but not necessarily in thesame (2) One out the appropriate word in each case. order) and all of them are facingnorth. (3) Two One can do anything but (71) the sorrypass (4) Three Indian politics has come to our leadership

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 59 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 has become (72) of everything that (73) between agricultural and industrial growth has the subsistence level. People would be willing decay and degeneration in the country’s shown that a 10 percent increase in agricultural to starve rather than work unless the energy socio-economic and political state of affairs, output would increase industrial output by 5 expended in physical work is compensated one really pities the politicians (74) in percent and urban workers would benefit by by the energy provided by food. Food grain claiming the caliber and eminence of the both increased industrial employment and price usually determines the subsistence wage leaders who led the struggle for price deflation. However, there is an rate in agricultural as well as in the urban independence and (75) the nation’sdestiny asymmetry of adjustments in the demand and informal sector since food grains account for during the first two decades of free India. supply of agricultural goods. An increase in about four-fifth of the calorie intake of the non-agricultural production would lead to an poor. 71. (1) Lament immediate increase in demand for intermediate (2) reject and final agricultural goods, whereas supply- 76. Which of the following according to the (3) deny side adjustments involving re-allocation of passage, signifies influence of agricultural (4)accept resources an net additional investment for products on poverty? (5)ascertain capacity expansion take a much longer period. A) Higher labour productivity in 72. (1) state There is a widely held view that in a large agricultureduces poverty. (2)figure country like India , the demand stimulus for B) Agricultural products are the main (3)fate industrialization would come mainly from constituent of the food of the poor. (4)pass agriculture with less social and economic costs. C) Agricultur output spurs industrial (5)disease Interdependencies in food and labour market growth which ultimately helps the poor. 73. (1)symptomatic are important for the development process. 1) A and B only (2)critical An upward shift in the food supply curve 2) B and C only (3)envious would simultaneously result in an upward shift 3) A and C only (4)devoid in the labour demand curve. The magnitude of 4) All A, B and C (5)abreast the interdependence depends on the 5) None of these 74. (1)zeal technique of production causing the shifts in 77. Which of the following according to the (2)approach the food supply curve. Similarly, an upward passage, benefits the urban workers from (3)loyalty shift in the labour supply curve shifts up the increased agricultural production? (4)hypocrisy food demand curve. The extent of A) Urban workers get agricultural (5)stupidity interdependence between the forces of labour products at a cheaper rate. 75. (1)guided supply and food demand depends on the B) Urban workers get more job offers in (2)assisted employment-output elasticity and the income the agricultural sector. (3) dovetailed elasticity of demand for food. The recent C) Urban workers get more job offers in (4)painted estimate of the employment-output elasticity the industrial sector. (5)drove in agriculture is around 0.5, income elasticity 1) None of food is in the range of 0.55-0.60 and that for 2) A and B only Directions (Q. 76-85): Read the following 3) B and C only passage carefully and answer the cereals is 0.25-0.30. The other important interdependency, which plays a crucial role in 4) A and C only questions given below it. Certain words/ 5) All A, B and C phrases have been printed in BOLD to inducing indirect employment, is that between food and other sectors through demand linkages. 78. Which of the following in meant by “the help you locate them while answering labour supply curve turns elastic at the some of the questions. Since food accounts for a major share in the budget of the poor and any reduction in the subsistence wage rate” as used in the Agriculture dominates change in India through passage? its casual links with factor and product food price leaves a significant proportion of income for other items, a lower food price 1) People refuse to work at the markets. It employs 60 percent of the labour minimum wage rate force and contributes 26 percent to the gross stimulates employment in industrial and service sectors. On the other hand, an increase in the 2) People still work at the minimum domestic product. In the poorer states, its wage rate contribution to the domestic product is close food price would increase the wage costs of industrial products and hence the prices of 3) People have no option but to work to 40 percent. Low productively in agriculture at the minimum wage rate has led to the concentration of the poor in this industrial products. In the absence of adjustments through exports, it would result 4) People don’t have the option to sector. Due to the sheer size of the agricultural choose economy and the importance of its major in demand deficiency. Clearly, the most favourable situation in India is one in which 5) None of these products (cereals) in the diets of the poor, 79. Which of the following statements is not gains in agricultural productivity have labour demand outpaces its supply and food supply outpaces its demand. true in the context of the passage? significant potential impact on poverty. 1) Increase in labour productively in Theoretically, it is possible to reduce poverty Wage rates cannot fall below a certain minimum determined by the costs of subsistence living agriculture, can reduce poverty. as well as expand the domestic market for 2) Agricultural sector can provide the industry by raising labour productivity in and the labour supply curve turns elastic at the subsistence wage rate. Demographic impetus for greater industrialization agriculture and spreading its gains among the at lower cost low income groups. Modeling of the linkages pressure cannot push the wages rate below

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 60 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

3) Increase in food supply will 3) rigidity wages./4) No error 5) increase the demand for labour 4) adamancy 92. This candidate lacks /1) experience /2) forces 5) peculaiarity otherwise /3) he is well qualified. /4) 4) Concentration of low income group No error 5) people is relatively higher in the Directions (Q. 86-90): In each of the 93. The students of poor family /1) have agricultural sector. following sentences there are blank applied /2) for free ship /3) in 5) All are true spaces. Below each sentence there are concerning colleges of Patna University. 80. Which of the following in addition to five pairs of words denoted by the /4) No error 5) employment output elasticity, according numbers 1, 2, 3, 4 and 5. Find out which 94. Her parents /1) have invited me /2) to go to the passage, creates indirect pair of words can be filled up in the blanks on holiday /3) with them. /4) No error employment? in the sentence in the same sequence to 5) 1) Interlinkage of demand of food and make it meaningfully complete. 95. The accountant /1) must follow /2) one’s other sectors. 86. Let us ______our lives ______technique /3) to deal the business. /4) 2) Interdependence of forces of servicing our country. No error 5) laboursupply and food demand 1) dedicate, to 3) Income elasticity of demand for food. Directions (Q. 96-100): Rearrange the 2) abdicate, but following sentence A), B), C), D) & E) in 4) All of these 3) obliterate, to 5) None of these the proper sequence to form a 4) vindicate, to meaningful paragraph; then answer the 81. Which of the following according to the 5) syndicate, and passage, can lead to demand deficiency questions given below them. 87. The rough edges of sarcasm are apt to A) The insurance industry in India is in India? ______the feeling ______a 1) Widespread impact of food grains evolving and assuming different sensitive person. proportion since it was privatised. 2) Oversupply of agricultural products. 1) instigate, on 3) Increase in prices of industrial B) There was a time when only 2) stimulate, to traditional insurance products used products. 3) lacerate, of 4) Foresight in gauging the demand to dominate the arena. 4) decimate, at C) However, with innovation coming supply of labour 5) barbate, of 5) None of these into play, unit linked /market-linked 88. His moral attitude towards gambling was products have also found a place in Directions (Q. 82-83): Choose the word ______of deep ______. insurance business after which is the SAME in meaning as the word 1) antipathy, one privaisation. given in bold as used in the passage. 2) sympathy, two D) The emergence of these products 3) mendacity, of of various insurance companies 82. SHEER 4) felicity, on combines the characteristics of both 1) simple 5) liason, so endowment insurance policies and 2) undiluted 89. His orders were bossy, insistent, mutual funds. 3) mere disciplinary______so characteristic of E) It is also worth mentioning here that 4) outright a ______. world-over unit-linked products 5) unassisted 1) tyrant, ones constitute quite a substantial chuck 83. DEFLATION 2) martinct, ones of the total portfolio of insurance 1) reduction 3) chauvinist, ones companies. 2) index 4) philistine, ones 3) inflation 5) location, ones 96. Which sentence should be the FIRST in 4) improvement 90. In democracies, we believe that have an/a the paragraph? 5) diffusion _____ right to freedom ______Speech. 1) A 2) B 1) lucrative, of 3)C 4)D Directions (Q. 84-85): Which of the 2) furtive, of 5)E following is most OPPOSITE in meaning 3) stringent, of 4) indefeasible, of 5 ) 97. Which sentence should be the SECOND of the word printed in bold as used in the grade, of in the paragraph? passage ? 1) A 2) B Directions (Q.91-95): Read each 84. INTERDEPENDENCE 3)C 4)D sentence to find out whether there is any 5)E 1) correlated error in it. The error, if any, will be in 2) dependence 98. Which sentence should be the THIRD in one part of the sentence. The number of the paragraph? 3) interrelated that part is the answer. If there is no 4) independence 1) A 2) B error, the answer is 5). (Ignore the errors 3)C 4)D 5) relativity of punctuation, if any.) 85. ELASTICITY 5)E 1) flexibility 91. The majority of labourers /1) is 99. Which sentence should be the FOURTH 2) brittleness demanding /2) and increase /3) in in the paragraph?

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 61 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

1) A 2) B (2)+(3)-(1) => Amount Earned by P , or, 4500 [1/(x )-1/(x - 10)] = -5 3)C 4)D Q and 2R in 1 day or, 900 [1/(x - 10) - 1/(x )] = 1 5)E Amount Earned by P,Q and R in 1 day or, (900 [x - (x - 10) ])/((x - 10)x)= 1 100. Which sentence should be the FIFTH in = 120+130-180 = 70 or, 900 * 10 = x^2 - 10x the paragraph? =>Amount Earned by R in 1 day = 70 or , x^2 - 10x - 9000 = 0 1) A 2)B 29. (3) or x^2 - 100x + 90x - 9000 3)C 4)D 30. (4) Work done by A in 1 min=2/75 = 0 5)E Work done by A in 30 min= (2/75)*30 or, x(0 - 100) + 90 (x -100) =4/5 = 0 Left work= 1/5 or, (x + 90) (x - 100) = 0  Time taken by B to complete 1/4 work or, x = - 90 and 100 =(1/5)*45=9 min Since the value of x should not be 31 (1) Let B take x days to do the work. negative, therefore, the required answer A takes (x+6) days to do the work. is 100. EXPLANATION Workdone by A in 7 days. 7/x+6 36. 3 37.3 38.1 39.5 Workdone by B in 10 days. 10/x 40.3 41. 5 42. 1 43. 3 1.3 2.3 3.1 4.3 So 7/x+6 + 10/x =1 44. 1 45. 2 5.2 6.3 7.4 8.5 (7x+10x+60)/(x+6)(x) = 1 (46-50) 9.4 10.1 17x + 60=x^2+6x Neha-Bangalore-Teacher 11. (3) Required ratio = 475 : 425 = 19 : 17 =>x^2 - 11x-60 = 0 Naveen-Calcutta-software engineering 12. (5) Total distance travelled by all trucks =>x^2-15x + 4x-60=0 Aashish,-Delhi-Doctor = 475 + 350 + 550 + 425 + 525 = 2325 =>x(x-15)+4(x-15)=0 Ragni-Ahmadabad-music km =>x=15 Nisha-Ernakulam-fashion designing Average distance = 2325/5 = 465 km . A can do the 21 days and B can do 15 46.3 47.2 48.1 49.3 13. (2) Time taken by truck C = 550/55 = day. 50.3 10 hours. 32. (2) Let Principal for first son=x and (51-55) 14. (1) Required percentage =( 475)/ ( 550 second son=y Base station=IN-T,RU/QS + 525) ] X 100 = 44% ( approx) acc to question Station 1=IN-RU/QS 15. (4) Speed of truck B = 350/8 = 43.75 x(1+r/100)^5= y(1+r/100)^3 Station 2=OUT-U km/hr ==>x/y = 1/(1+4/100)^2= 25^2/26^2 Station 3=IN-V, OUT-Q, S 16. 2; Required % = [(1296-1280)/ ==>625: 676 Station 4=IN-P, OUT-T 1296]*100 = 1.234 (decrease) total= 625+676= 1301 Station 5= OUT-V, R, P 17. 4; Required % = (575/925)*100 = 62% total sum was 3,90,300 51.3 52.4 53.4 54.4 (approx) 1301—————3,90,300 55.2 55.1 57.2 58.4 18. 3; Required difference = 701.25 – 1——————390300/1301= 300 59.3 60.1 61.2 62.1 268.25 = Rs. 433 so X= 625*300= 187500 63.3 64.1 65.4 66.3 19. 1; Required% = (1472/1456)*100 = y= 676*300=202800 67.3 68.a 69.d 70.b 101% (approx) 33. (3) C.P. for A 71.3 72.4 73.1 74.1 20. 4; Required amount = 94 + 160.75 + = 3000 * 90/100 * 85/100 75.1 76.4 77.4 78.2 8.15 + 406 = Rs. 668.9 = Rs. 2295 79.4 80.1 81.3 82.3 21. 1 22. 4 23. 3 24. 3 Actual C.P. = 2295 + 105 83.1 84.4 85.3 86.1 25. 4 = Rs. 2400 87.3 88.1 89.2 90.4 26. (1) Present age of son = x years then so Gain percent = 800/2400 * 100 91.2 92.2 93.3 94.1 father’s present ages =3x years = 100/3 = 33 1/3% 95.3 96.5 97.3 98.1 According to the question 34. (4) Let the speeds of boat and stream 99.4 100.2 (3x+4)/(x+4)=13/5 be x and y km/hr respectively. => 15x + 20 = 13x + 52 = 2x = 32 Then, Rate downstream = (x + y) km/ so X = 16 hr and Rate upstream = (x - y) km/hr so Present age of father = 3 * 16 = 48 Given d / (x+y) + d / ( x-y ) =5 hrs 15 years minutes = 21/4 hours  27. 2 and 2d / (x+y) = 7 => d / (x+y)=7/4 => 28. (3) : Amount Earned by P,Q and R in 1 2d / (x+y)=7/2 day = 1620/9 = 180 —(1) Hence, he takes 7/2 hours to row 2d Amount Earned by P and R in 1 day = km distance downstream. 600/5 = 120 —(2) 35. (2) Let the number of purchased pack Amount Earned by Q and R in 1 day = = x 910/7 = 130 —(3) so According to question. 4500/x = 4500/x -10 - 5

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 62 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

PRACTICE SET FOR UPCOMING EXAM [IBPS-PO (PRELIMINARY-2)] possible level while remaining on full alert ENGLISH LANGUAGE the same voting share as that of China in the in dealing with Chinese assertiveness. One newly formed International Monetary Fund. Directions (Q.1-10): Read the following of the great positives of the India-China Keynes’s student, J.J. Anjaria, representing passage carefully and answer the relationship over the past decade has been the government of India, fought for parity questions given below. Certain words/ the increased business-to-business and with China but failed to convince Keynes phrases have been printed in bold to help people-to-people contacts between citizens and the Americans. Then came the you locate them. of the two countries. A highlight of Mr. membership of the United Nations Security A week before marking the first anniversary Modi’s visit will be a public meeting with Council and of the Nuclear Non-Proliferation of his assumption of office, Prime Minister the Indian community in China. While this Treaty (NPT). NarendraModi ends his year of hectic draws attention to the increased presence Make no mistake. The 21st century will diplomacy with a visit to China. For India, of Indians in China, India can do more to not be China’s century alone nor will it no other bilateral relationship is more facilitate the travel of Chinese to India. remain America’s. The geopolitical and complex and challenging than the one with Millions of Chinese Buddhists would want geoeconomic conditions that enabled Britain its biggest neighbour. Fortunately, the to visit if India were to become a more to become ‘Great’ in the 19th century and mistakes that could have been made by attractive destination. Institutional and claim that century for itself, building a global India’s political leadership in dealing with a professional interaction must also increase. empire, and that enabled the U.S. to emerge big neighbour were limited mostly to the Indian-Americans in the U.S. are full of as the dominant world power of the 20th very first decade of the republic. For half a stories about how they find it easier to travel century do not exist for China or anyone century, India has been on a learning curve. to and work with Chinese academics and else today. The “unipolar” world of the Jawaharlal Nehru’s errors of judgment in businesses than with Indian counterparts. British and American empires was a dealing with China cast a long shadow on As a U.S. analyst once put it, “China is a historical aberration. European scholarship bilateral relations. Every Prime Minister closed society with an open mind, India is wrongly viewed all great powers in history since has tread cautiously, perhaps far too an open society with a closed mind”. The as “global powers”. The global moment of cautiously, in dealing with China. Prime time has come for the bilateral relationship many of them was short-lived. At best they Minister Manmohan Singh once said that to move well beyond official government- were all continental powers. Multipolarity he had devoted considerable time to reading to-government relations, precisely because or polycentric dispersal of power and carefully through the Nehru files on China the bilateral relationship has become more prosperity defines the normal state of the so as not to repeat any of his predecessor’s stable, despite episodic provocation on the world. If China succeeds in becoming both a mistakes. I guess every Prime Minister border by China. There are several reasons predominant maritime power of the Indo- would have done that and Mr. Modi may why China may not want to push India Pacific region and the predominant land well have done this too. beyond a point. First, India has power of the Eurasian land mass, it would But, Nehru’s errors of judgment were not demonstrated its ability to tide over a variety of course emerge as the dominant world inevitable. Indeed, we now know that as of political and economic storms that have power of the 21st century. China’s control early as on November 7, 1950, engulfed it from time to time, thereby of Tibet and its sway over the Eurasian land SardarVallabhbhai Patel had cautioned Nehru establishing the resilience of the Indian state; mass, on the one side, and its control over about the trust deficit in the bilateral second, despite all its weaknesses, the Indian South China Sea and the Indo-Pacific region relationship and of China’s expansionist economy has demonstrated its capacity to on the other become central to any quest for instincts in Asia. Patel’s prescient and sustain higher rates of economic growth; unipolar dominance. But that is not cautionary note to Nehru, buried in third, India’s flexible diplomacy has enabled inevitable. If China seeks to dominate the government files for decades, was made it to widen its geopolitical options; finally, land to its west and the waters to its east public a decade ago and is now freely China’s assertiveness in its neighbourhood and south and thereby emerge as the available on the Internet. If China has encouraged many Asian nations to take hegemon of the century, it will force all other annexedTibet in Nehru’s time, it now seeks a more benign view of India’s rise. major powers, including Russia at some to usurp maritime territory in South China The problem that India’s political leadership point, to come together and resist such a Sea. Time was when Chairman Mao Zedong has dealt with is the coming to terms with build-up. On the other hand, if China rejects dubbed the Soviets as “social imperialists”. China’s manifest, comprehensive national such an imperialist view of history, and truly No one has yet so branded China. However, power. India was lulled into complacency believes in the creation of a multipolar world unlike in the 1950s when the world adopted by the myth that the two of the pre-imperial era, then it can work a more benign approach to China’s land civilisationalneighbours were somehow in with India and other powers of Europe and grab, there has been greater concern about the same league merely because both had a Asia. What path China chooses for itself China’s assertiveness in Asia which has put population of over a billion! Today, China’s will determine how other nations respond its leadership on notice. While the Western economy is five times bigger than India’s. to its rise. For India, the task is cut out. At leadership seems to be in disarray in That China was already in a different league the end of a year of hectic diplomacy, Mr. responding to China’s smart diplomatic was made brutally clear to India even as Modi would have discovered that all the forays, India has pursued a balanced and early as in 1945 by none other than John king’s horses and all the king’s men cannot wise policy of engaging China at every Maynard Keynes who refused to give India put the Humpty-Dumpty of national power

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 63 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 back in shape if its economy crumbles under India would be more capable and Directions (11-15) : Read each sentence to the weight of bad policy. A country’s armed despite all the situation. find out whether there is any grammatical international stature and power is built in (c) Because India is capable of error or idiomatic error in it. The error, if its fields, factories, classrooms, laboratories recovering any economic storm any, will be in one part of the sentence. The and neighbourhoods. Not at the high tables and has widened its geographical number of that part is the answer. If there is of diplomacy, nor on television. reach with the help of its flexible no error, the answer is ‘e’. (Ignore the errors diplomacy. of punctuation, if any). 1. Choose an appropriate title for the (d) All of the above passage. (e) None of these 11. Which sectors (a)/ have been affected (a) The Business Partners 5. What does the author mean by the (b)/ the most of (c)/ the global (b) India and China in a Multipolar phrase “world adopted a more benign recession? (d)/ No error (e) World approach to China’s”? 12. One of the (a)/ executives who work (c) The Trans Business (a) the other countries were gentle (b)/ at the head office (c)/ has confirmed (d) Business Diplomacy and kind to China’s approach. the news. (d)/ No error (e) (e) The Default Diplomacy (b) the other countries were angry 13. It took myself (a)/ four months to (b)/ 2. Which of the following is true according what China did. convince them to (c)/ take this step. to the passage? (c) the other countries were unaware (d)/ No error (e) A) India has always adopted of the fact what China did at that 14. Anita’s new office (a)/ is quite spacious balanced and wise technique point of time. but (b)/ most of the furniture is (c)/ old against china while remaining on (d) the other countries were united and should be changed. (d)/ No error full alert in dealing with Chinese against the China. (e) assertiveness. (e) None of the above 15. According to the terms (a)/ of the B) European scholarship wrongly 6. What is the synonym of the word agreement we have to (b)/ pay five viewed all great powers in history “aberration”? percent commissions (c)/ to the travel as “global powers” (a) Anomaly agent. (d)/ No error (e) C) A country’s actual stature and (b) Digression power is built in its core, not in Directions (16-20) : In the following (c) Rogue passage there are blanks, each of which media or on tables of diplomacy. (d) Quirk (a) A and B has been numbered. These numbers are (e) All of the above printed below the passage and against (b) Only A 7. What is the synonym of the word (c) All A, B, and C each, five words are suggested, one of “usurp”? which fits the blank appropriately. Find (d) None (a) Expropriate (e) A and C out the appropriate word in each case. (b) Relinquish As the Grameenprogramme became better 3. Which of the following will help China (c) Ameliorate dominate the world? known around the world we started (d) Approbation receiving (16) of letters and visits from A) If it succeeds in having good (e) Vacillate relationship with its neighbouring people. Some wanted to know more about 8. What is the synonym of the word the programme, others wanted how to start countries. “prescient”? B) If it succeed to be both a Grameenprogramme in their own country. (a) Proliferate To cope with this (17) demand for predominant maritime power and (b) Propitiate land power. information and training we created the (c) Prophetic Grameen Trust in 1989. At the end of the C) Unipolar Dominance is perfectly (d) Prevaricate evitable for China. training many tried to start their own (e) All of the above programmes but they could not (18) the (a) A and B 9. What is not the synonym of the word (b) Only A necessary funds. “annexed”? We started receiving requests for funds from (c) All A, B and C (a) Conquer (d) Only C them. So we calculated their requirements (b) Garrison for the next five years and realised that we (e) Only B (c) Usurp 4. According to the passage, what are the needed $100 million. We submitted our (d) Relinquish request (19) top officials but received no reasons mentioned for China not (e) None of the above pushing India beyond a point? responce. We then came up with a plan - 10. What is not the synonym of the word why wait for governments? If one million (a) Because of the sheer pressure “inevitable”? from the UN and major countries people contributed $ 100 (20) we could raise (a) Mollify $100 million. We succeeded. who doesn’t want China to grow (b) Occlude with such explicable growth rate. (c) Uncertain 16. (a) many (b) group (b) Because India is a growing nation (d) All of the above (c) plenty (d) numerous and China cannot repeat the (e) None of the above (e) bundle incidents of 1962 because this time

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 64 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

17. (a) expand (b) grown 24. Which of the following will be the (c) crusade, done (c) hiking (d) increasing FIRST sentence after rearrangement? (d) efforts, carried (e) risen (a) A (b) B (e) venture, disposed 18. (a) get (b) fulfill (c) C (d) D (c) succeed (d) lent (e) E (e) meet 25. Which of the following will be the QUANTITATIVEAPTITUDE 19. (a) to (b) included FIFTH (LAST) sentence after (c) in (d) after rearrangement? Directions (31-35): The expenditure and (e) over (a) A (b) B percentage profit of two companies A and 20. (a) solely (b) personally (c) C (d) D B for six years in the period 2001-2006 (c) alone (d) each (e) E are shown in the given bar graph and (e) individual line graph. The expenditure is given in Directions (Q.26-30) :Each question below lakhs. Directions (Q.21-25) : Rearrange the has two blanks, each blank indicating that following five sentences (A), (B), (C), (D) something has been omitted. Choose the and (E) in the proper sequence to form a set of words for each blank that best fits meaningful paragraph; then answer the the meaning of the sentence as a whole. questions given below them. (A) During this aging process, you had 26. The organization ………….. to first heard statements such as : popularize Indian classical music “You can’t ride your bicycle until among the youth which has lost ………. you are seven’, and , “You can’t with its cultural roots. drive a car until you’re 18". (a) endeavours, touch (B) But, you need to remember that (b) wishes, interest part of you has an ageless mind (c) efforts, experience and is quite oblivious to the (d) exerts, lntrigue physical aging process _____ you (e) need, relation just need to encourage it to 27. One of the major critics of the overcome this excuse of being old. examination system is that it (C) The age excuse of being too old ………….. to a spirit of ………….. comes from an inclination to competition among the students. identify yourself with the number (a) result, defective of trips you have made around the (b) accompanies, adequate sun. (c) develops, intense (D) The age of your body can seem to (e) takes, severe be quite an obstacle on the road to (e) leads, unhealthy changing long-held thinking habits. 28. Auroras are natural light displays in the (E) Then at some point you sky, usually at ………… night, discovered that you went from ………..in the Polar regions. being not old enough to being too (a) watch, upward (b) noticed, peculiar old. 31. What is the difference between the (c) observed, only average expenditure of Company A 21. Which of the following will be the (d) found, most from 2001 to 2006 and that of THIRD sentence after rearrangement? (e) follows, mainly Company B? (a) A (b) B 29. After the board examinations, students (a) Rs 60 lakhs (c) C (d) D are ………….. up for the various (b) Rs 45 lakhs (e) E entrance examinations …………. for (c) Rs 30 lakhs 22. Which of the following will be the next month. (d) Rs 15 lakhs SECOND sentence after (a) ready, timed (e) Rs 10 lakhs rearrangement? (b) gearing, scheduled 32. In how many of the given years is the (a) A (b) B (c) prepared, programmed income of Company A more than Rs (c) C (d) D (d) set, duration 100 lakhs? (e) F (e) geared, kept (a) Four (b) Three 23. Which of the following will be the 30. The governmental ………. Spurred (c) Two (d) One FOURTH sentence after dramatic improvements in the way (e) None rearrangement? waste management is …………… out 33. In how many years is the profit of (a) A (b) B in many hospitals. Company B more than Rs 10 lakhs? (c) C (d) D (a) rule, thrown (a) Five (b) Four (e) E (b) plans, conduct

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 65 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

(c) Three (d) Two 47. 16 22 33 49 70 ? (a) Rs. 6213 crores (e) One (a) 95 (b) 96 (b) Rs. 5827 crores 34. In 2004, the income of Company B is (c) 85 (d) 91 (c) Rs. 5455 crores what percentage more than the income (e) None of these (d) Rs. 5316 crores of Company A? 48. 32 36 52 88 152 ? (e) None of these (a) 32% (b) 24% (a) 266 (b) 232 39. The central angle corresponding to (c) 16% (d) 12% (c) 242 (d) 256 Market Borrowing is (e) 8% (e) None of these (a) 52° 35. What is the ratio of the income of 49. 17 289 425 493 527 ? (b) 137.8° Company B in 2004 to that of (a) 534 (b) 542 (c) 187.2° Company A in 2005? (c) 544 (d) 594 (d) 192.4° (a) 9 : 13 (b) 13 : 9 (e) None of these (e) None of these (c) 11 : 9 (d) 13 : 11 50. 13 27 55 97 153 ? 40. The approximate ratio of the funds to (e) 5 : 4 (a) 243 (b) 265 be arranged through Toll and that (c) 215 (d) 223 through Market Borrowing is Directions (36- 40): The following pie- (e) None of these chart shows the sources of funds to be (a) 2:1 collected by the National Highways (b) 1:6 Directions (Q. 51-55) :In each of the Authority of India (NHAI) for its Phase (c) 3:11 following ques­ tions, two equations are II projects. Study the pie-chart and (d) 2:5 given. On their basis you have to answers the question that follow. (e) None of these determine the relation between x and y Sources of funds to be arranged by NHAI and then give answer. Directions (Q.41-45) : What approximate for Phase II projects (in Rs. crores) (a) If Xy value will come in place of the question mark c) if Xy (?) in the following questions ? (You are not e)If x=y expected to calculate the exact value.) 51. I. x2 + 15x+54 =0 150 199 16 II. 2y2-3y-2 =0 41.    ? 52. I. x2-11x+24=0 17 13 91 II.y2-14y+48 = 0

(a) 650 (b) 700 53. I. x+ = 2 (c) 770 (d) 820 (e) 850 II. 81y2=25 42. 151.011 – 419.999 + 649.991 =? 54. I.2x+5y=0 (a) 380 (b) 420 II. x-7y= 38 36. Nearly about 20% of the funds are to (c) 350 (d) 410 55. I. 3x2+7x+2=0 be arranged through: (e) 360 II. 2x2-5y+2=0 (a) SPVS 43. 1299 ÷ 19.99 × 25.01 + 400.01 =? 56. Rs. 600 are divided among A, B and C so (b) External Assistance (a) 2025 (b) 2300 2 (c) Annuity (c) 1925 (d) 2200 that Rs. 40 more than th of A’ss (d) Market Borrowing (e) 1700 5 (e) None of these 44. 30.06% of 499 + 39.99% of 799 =? 37. If NHAI could receive a total of Rs. (a) 420 (b) 380 2 share, Rs. 20 more than th of B’ss 9695 crores as External Assistance, by (c) 440 (d) 470 7 what percent (approximately) should (e) 510 it increase the Market Borrowing to 45. (14.99)2 – (7.01)2 + (4.99)3 =? 9 arrange for the shortage of funds? (a) 250 (b) 200 share and Rs. 10 more than th of (a) 4.5 % (c) 150 (d) 300 17 (b) 7.5 % (e) 350 C’s may all be equal. What is A’s share (c) 6 % (in rupees)? (d) 8 % Directions (Q.46-50) :What will come in (a) 150 (b) 170 (e) None of these place of the question mark (?) in the (c) 200 (d) 280 38. If the toll is to be collected through an following number series? (e) None of these outsourced agency by allowing a 46. 495 485 465 425 345 ? 57. A, B and C started a business with their maximum 10% commission, how (a) 195 (b) 165 investment in the ratio 1 : 3 : 5. After 4 much approximate amount should be (c) 185 (d) 175 months, A invested the same amount permitted to be collected by the (e) None of these as before and B as well as C withdraw outsourced agency, so that the project is supported with Rs. 4910 crores?

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 66 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

half of their investments. The ratio of (a) Rs.1820 (a) R is the cousin of their profits at the end of the year was: (b) Rs.1040 W (a) 5 : 6 : 10 (b) 6 : 5 : 10 (b) Rs.1120 (b) Z and Z’s husband are immediate (c) 10 : 5 : 6 (d) 4 : 3 : 5 (b) Rs.1680 neighbour of each other. (e) None of these (e) None of these (c) No female is an immediate 63. The compound interest on a sum for 2 1 years is Rs. 832 and the simple interest neighbour of R. 58. If 9 men working 7 hours a day can 2 on the same sum for the same period is (d) Z sits third to the left of her daughter. finish a piece of work in 20 days, then Rs. 800. The difference between the how many days will be taken by 12 compound and simple interest for 3 (e) Q is the mother of Z. men, working 6 hours a day to finish years will be 67. What is the position of P with respect the work? It is being given that 2 men (a) Rs. 48 to his grandchild? of latter type work as much as 3 men (b) Rs. 66.56 (a) immediate right of the former type? (b) None of these (b) third to the right (b) Rs. 98.56 (c) third to the left 1 (e) None of these (a) 9 (b) 11 64. A bag contains 7 red balls, 4 green balls (d) Second to the right 2 and 5 yellow balls. What is the (e) fourth to the right 1 probability that 3 balls drawn at 68. Four of the following five are alike in a (c) 12 (d) 13 random are either green or yellow ? certain way. Which one does not belong 2 (a) 1/140 (b) 1/60 to that group? (e) None of these (c) 3/280 (d) 11/280 (a) X (b) R 59. Three pipes A, B and C can fill a cistern (e) None of these (c) W (d) Z in 6 hours. After working at it together 65. The sum of the circumference of a circle (e) Y and the perimeter of a rectangle is 132 for 2 hours, C is closed and A and B 69. What is position of P with respect to can fill the remaining part in 7 hours. cm. The area of the rectangle is 112 sq his mother-in-law? The number of hours taken by C alone cm and breadth of the rectangle is 8 to fill the cistern is cm. What is the area of the circle ? (a) Immediate right (a) 12 (b) 14 (a) 616 sq cm (b) third to the right (c) 16 (d) 18 (b) 540 sq cm (c) third to the left (e) None of these (c) 396 sq cm (d) second to the right 60. A train B speeding with 120 kmph (d) Cannot be determined (e) None of these crosses another train C running in the (e) None of these 70. How many people sits between Y and same direction, in 2 minutes. If the her uncle? REASONINGABILITY lengths of the trains B and C be 100m (a)One (b) Two and 200m respectively, what is the Directions (66-72): Each of these (c) Three (d) Four speed (in kmph) of the train C? (a) 111 (b) 123 questions are based on the information given (e) Five (c) 127 (d) 129 below: 71. Who amongst the following is S’s (e) None of these P, Q, R, S, W, X, Y, Z are sitting around a daughter? 61. Profit earned by an organization is circle facing centre but not necessarily in (a) Q (b) R distributed among officers and clerks the same order. The husband of Z is sitting (c) W (d) Y in the ratio of 5:3 respectively. If the second to the right of Q who is sitting (e) Z number of officers is 45 and the number between two males. X sits second to the 72. Who sits to the immediate left of R? of clerks is 80 and the amount received left of the daughter of S. X is the sister of Y. (a) X’s grandmother by each officer is Rs.25,000/-, what was the total amount of profit earned? X is not an immediate neighbour of Z’s (b) Y’s son (a) Rs.22 lakhs husband. Only one person sits between P (c) S’s mother-in-law (b) Rs.18.25 lakhs and X. P is the father of Y. S who is brother (d) P (c) Rs.18 lakhs of Z sits to the immediate left of his mother. (e) Y (d) Rs.23.25 lakhs Only one person sits between Z’s mother Directions (Q.73-77): Study the (e) None of these and W. Only one person sits between Z and following information carefully and 62. If simple interest on a certain sum of Y. Y is mother of R. Y is not an immediate answer the questions given below. money for 8 years at 4% per annum is neighbour of W. same as the simple interest on Rs. 560 Five friends Rosy, Mandy, Denial, Lucky for 8 years at the rate of 12% per 66. Which of following is true with respect and Ella like five different watches Titan, annum then the sum of money is to the given seating arrangement? Samay, Sonata, Citizen and Fastrack 5 different cars Wagon R, Alto, Santro, Swift

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 67 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 and Xylo& 5 different pens Reynolds, (iv) ‘od ho pit la’ means ‘they welcome (a) Sudhakar - Nidhi Parker, Cello, Montex and Elkos. Ella like intelligent students’ (b) Sudhakar - Sulekha wagon R car but not like Parker pen and 78. Which of the following means ‘students’ (c) Amit - Nidhi Citizen Watch; lucky likes sonata watch and in that code language? (d) Sudhakar - Monasi Reynolds pens but not like Xylo car. Mandy (a) od (e) Both c) and d) likes Xylo car and Samay watch. Rosy like (b) la 83. Which of the following groups is Santro car and Cello pen, person who likes (c) ho associated with all the three wagon R car likes Fastrack watch. Elkos (d) pit generations? pen is liked by a person who has swift car (e) Data inadequate (a) Sudhakar, Monasi and Nidhi and citizen watch. 79. Which of the following means ‘very’ in (b) Amit, Monasi and Nidhi (c) Amit, Sulekha and Nidhi 73. Who like Parker pen and Fastrack watch that code language? (d) Can’t be determined respectively? (a) pa (e) None of these (a)Ella, Denial (b) na 84. How many female members are there in (b)Denial, Rosy (c) da the family? (c)Rosy, Mandy (d) Data inadequate (a) Two (d)Mandy, Ella (e) None of these (b) Four (e)None of these 80. Which of the following statement(s) is/ (c) Three 74. Which of the following car is liked by are redundant to answer the above (d) Five Lucky? questions? (e) Can’t be determined’ (a)Wagon R (a) (iii) (b)Swift (b) (ii) 85. Which of the following statements is (c)Alto (c) (ii) or (iii) not true? (d)Either Alto or Swift (d) (i) or (iv) (a) The doctor is the paternal aunt (e)None of these (e) None of these ofNidhi. 75. Who does like Montex pen? Directions (Q.81-85): Study the (b) Sulekha has one sister-in-law. (a)Ella following information carefully and (c) The teacher is the son of Subhra. (b)Denial answer the given questions. (d) Sudhakar is the father-in-law of (c)Rosy (i) There is a family of seven persons Sulekha. (d)Mandy representing three generations. (e) Subhra has two granddaughters. (e)None of these (ii) There are two married couples. Both 76. Which of the following pair matching is the wives are housewives and both Directions (Q.86-93) : In each question correct? have only two children. below are two/three statements followed by (a)Xylo-Mandy-Parker-Citizen (iii) Sudhakar, the lawyer, is the father two conclusions numbered I and II. You have (b)Parker-Denial-Fastrack-Ella of Amit and has two grandchildren. to take the two/three given statements to be (c)Fastrack-Ella-Swift-Montex (iv) Monasi, the doctor, is the sister of true even if they seem to be at variance from (d)Denial-Elkos-Swift-Citizen the teacher. commodity known facts and then decide (e)None of these (v) Subhra’s daughter-in-law Sulekha which of the given conclusions logically 77. Who does like watch of Titan? is married to a teacher. follows from the given statements (a) Mandy (vi) Nidhi, the granddaughter of one of disregarding commonly known facts. (b) Rosy the housewives, is studying in the 9th Give answer (c) Denial standard. (a) if only conclusion I follows. (d) can’t be determined (b) if only conclusion II follows. (e)None of these 81. What is the profession of Amit? (c) if either conclusion I or conclusion (a) Student II follows. Directions (78-80): Read the following (b) Teacher (d) if neither conclusion I nor information given below to answer the (c) Lawyer conclusion II follows. questions that follow: (d) Can’t be determined (e) if both conclusion I and conclusion (i) ‘na ho pa la’ means ‘they are very (e) None of these II follows. intelligent’ 82. Which among the following is/are the (ii) ‘pit nasa’ means ‘you are welcome’ father-daughter pair? (86-87) : (iii) ‘ka da la’ means ‘who is intelligent’ Statements : Some colours are paints.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 68 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

All colours are varnishes. 93. An ‘Island’ is related to ‘Sea’ in the (d) if neither conclusion I nor No varnish is dye. same way ‘Oasis’ is related to conclusion II is true ‘………………’ (e) if both conclusions I and II are true 86. Conclusions : (a) Water (b) Illusion I. No paint is dye. 96. Statements : G # H, H $ K, K @ M (c) Pond (d) Tree II. All paints being varnishes is a Conclusions : I. M # G (e) Desert possibility. II. G & M 87. Conclusions : Directions (Q.94-95) : Study the following 97. Statements : F $ D, H # M, M % D I. Some varnishes are paints. information carefully and answer the given Conclusions : I. F $ H II. No dye is colour questions. II. F @ H Point D is 14 m towards the West of point A. 98. Statements : R & M, M # L, L $ Q (88-89) : Point B is 4 m towards the South of point Conclusions : I. M % Q Statements : D. Point F is 9 m towards the South of II. M @ Q All squares are triangles. point D. Point E is 7 m towards the East of 99. Statements : F # R, Q $ R, Q & M No triangle is circle. point B. Point C is 4 m towards the North Conclusions : I. F # Q All circles are rectangles. of point E. Point G is 4 m towards the South II. R & M of point A. 100. Statements : D & T, R # T, R $ M 88. Conclusions : Conclusions : I. M & T I. No rectangle is square. 94.Which of the following points are in a II. M % T II. All rectangles being square is a Straight line? possibility. (a) D, E, A (b) E, G, C 89. Conclusions : (c) D, B, G (d) E, G, B I. No square is circle. (e) F, B, C  II. Atleast some circles are squares. 95.Point A is in which direction with respect 90. Statements : to point C? No paper is book. (a) East EXPLANATION Some books are libraries. (b) West Conclusions : (c) North 1.b 2.c 3.e 4.c I. All libraries being books is a (d) South 5.a 6.e 7.a 8.c possibility. (e) Cannot be determined 9.d 10.c 11.d 12.d II. No library is paper. Directions (Q.96-100) : In the following 13.a 14.d 15.c 16.c 91. Which of the following groups of questions, the symbols @, #, $, % and & alphabets should replace the blank 17.d 18.a 19.a 20.d are used with different meanings as follows spaces so that the group of alphabets, 21.e 22.a 23.c 24.d given in bold, follow a logical pattern from ‘P @ Q’ means ‘P is neither smaller 25.b 26.a 27.e 28.c the preceding and the followinggroup of nor equal to Q’. 29.b 30.d alphabets? ‘P # Q’ means ‘P is not greater than 31. (e) Total expenditure of A = 270 Q’. bw_yza, dstuv, _opqre Average expenditure = 270 / 6 = 45 ‘P $ Q’ means ‘P is not smaller than (a) x, e, d (b) x, c, f Q’. (c) v, e, f (d) x, c, d Total expenditure of B = 210 ‘P % Q’ means ‘P is neither greater nor (e) x, e, n Average expenditure = 210 / 6 = 35 92. The positions of how many alphabets smaller than Q’. Difference = 45 – 35 = 10 will remain unchanged if each of the ‘P & Q’ means ‘P is neither greater nor 32. (d) In 2001, profit = (60 75) / 100 alphabets in the word WALKINGS is equal to Q’.  In each of the following questions = 45 arranged in alphabetical order from left assuming the given statements to be to right? Income = 60 + 45 = 105 lakhs true, find out which of the two (a) None 33. (d) In 2006 = (25 170) / 100 = 42.5 conclusions I and II given below them (b) One lakh is/are definitely true. (c) Two Profit = 42.5 – 25 lakh = Rs 17.5 lakhs Give answer (d) Three In 2004 Profit is 18 lakh (a) if only conclusion I is true (e) More than three 34. (a) In 2004 and 2006 (b) if only conclusion II is true In 2004, income of A = 50 lakhs (c) if either conclusion I or conclusion II is true

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 69 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

In 2004, income of B = 66 lakhs x×4×8=560×12×8 Req percentage = (66 – 50) / 50  x×4=560×12 100 = 32% x=560×3=1680 35. (c) In 2004, income of B = 66 lakhs 63. (d) Given that simple interest for 2 In 2005, income of A = 54 lakhs years is Rs.800 i.e., Simple interest for Req Ratio: 66 : 54 = 11 : 9 1st year is Rs.400 and simple interest 36. (b) 20% of the total funds to be arranged for 2nd year is also Rs.400 = Rs. (20% of 57600) crores Compound interest for 1st year will = Rs. 11520 crores » Rs. 11486 crores. be 400 and Compound interest for 2nd year will be 832 - 400 = 432 Rs. 11486 crores is the amount of you can see that compound interest for funds to be arranged through External 2nd year is more than simple interest Assistance. for 2nd year by 432 - 400 = Rs.32 37. (c) Shortage of funds arranged through i.e, Rs. 32 is the interest obtained for External Assistance = Rs. (11486 - Rs.400 for 1 year 9695) crores Rate, R = 100×SI/PT= (100×32)/ = Rs. 1791 crores. (400×1)= 8% Increase required in Market Borrowing Difference between compound and = Rs. 1791 crores. simple interest for the 3rd year 66. (e) 67. (a) 68. (b) 69. (d) Percentage increase required = = Simple Interest obtained for Rs.832 70. (c) 71. (c) 72. (a) 1791 =PRT/100=832×8×1/100= Rs. 66.56 (73-77) 100 Total difference between the compound 29,952 = 5.98% »6%. and simple interest for 3 years Name Car Watch Pen 38. (c) Amount permitted= (Funds required = 32 + 66.56 = Rs.98.56 Ella Wagan R Fastrack Montex from Toll for projects of phase II) + 64 (d) Total ways = 16C3 = 16!/(13!×3!) Luckey Alto Sonata Reynolds (10% of these funds) =Rs. 4910 crores = 560 Mandy Xylo Samay Parker +Rs. (10%of 4910) crores Favorable ways = 4C3 + 5C3 = 4!/ Rosy Santro Titan Cello Denial Swift Citizen Elkos = Rs (4910+491) crores = Rs.5401 (3!×1!) + 5!/(3!×2!) crores Required probability = 1/140 39. (c) Central angle corresponding to 65. Length of the rectangle = 112/8 = 14 73. d 74. c 75. a 76. d Market Borrowing =[(29952/57600)] cm, so perimeter = 44 cm, 77. b  360º = 187.2º Circumference= 132-44=88 cm, (78- 80) 40. (b) Required ratio = 4910/29952= 1/ R = (88 × 7) / (2 ×22) = 14cm students – od 6.1  1/6 (66-72) : intelligent – la 41.c 42.a 43.a 44.d welcome – pit 45.d 46.c 47.b 48.e they – ho 49.c 50.d 51.a 52.c are – na 53.b 54.b 55.a 56.a you – sa 57.a 58.c 59.b 60.a very – pa 61. (c) The total amount distributed among who / is – ka / da 45 officers = Rs.45  25000 = 78.a 79. a 80.a 81.b Rs.1125000. 82.e 83.a 84.e 85.e Let the amount distributed to 80 clerks 86.b 87.e 88.d 89.a be ‘x’. 90.a 91.b 92.c 93.e Then 1125000/x = 5/3, therefore, x = 94.d 95.a 96.d 97.a Rs.675000. 98.d 99.e 100.c Therfore, the Total profit = Rs.1125000 + 675000 = Rs.18 lakhs.  62. (d) Let the sum of money be x then x×4×8/100=560×12×8/100

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 70 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

WHO’S WHO

Heads of Important Offices in India 35. Vice-Admiral Anurag G. Thapliyal : Director-General, Indian Coast Guard 1. Mr. Narendra Modi : Chairman, National Institution for 36. Lt. Gen. Avtar Singh : Director-General, Defence Intelligence Transforming India (Niti Aayog) Agency 2. Mrs. Sumitra Mahajan : Speaker, Lok Sabha 37. Prof. Ved Prakash : Chairman, UGC 3. Mohammad Hamid Ansari : Chairman, Rajya Sabha 38. Dr. Avinash Chander : Scientific Adviser to Defence Minister 4. Mr. P. J. Kurien : Deputy Chairman, Rajya Sabha and Secretary, Defence Research and Development 5. Mr. Arun Jaitley : Leader of House (Rajya Sabha) Organisation. (DRDO) 6. Mr. Ghulam Nabi Azad : Leader of Opposition (Rajya Sabha) 39. Dr. R. Chidambaram : Principal Scientific Adviser to the 7. Mr. Arvind Panagariya : Vice-Chairman, National Institution Government for Transforming India (Niti Aayog) 40. Mr. A. S. Kiran Kumar : Chairman, Space Commission and 8. Syed Nasim Zaidi : Chief Election Commissioner ISRO 9. Achal Kumar Gyoti : Election Commissioner 41. Mr. Ratan Kumar Sinha : Chairman, Atomic Energy 10. Mr. Shashi Kant Sharma : Comptroller and Auditor-General Commission and Secretary, Dept. of Atomic Energy of India 42. Mr. Naseem Ahmad : Chairperson, National Commission for 11. Mr. Justice K. G. Balakrishnan : Chairperson, National Minorities Human Right Commission (NHRC) 43. Mr. Amitava Bhattacharya : Chairman, Staff Selection 12. Mr. Ajit Kumar Seth : Cabinet Secretary Commission (SSC) 13. Mr. Nripendra Misra : Principal Secretary to Prime Minister 44. Dr. Vishwa Mohan Katoch : Director-General, Indian Council 14. Justice V. Eshwaraiah : Chairman, National Commission for of Medical Research Backward Classes 45. Mr. C. Chandramouli : Registrar-General of India and Census 15. Ms. Shanta Sinha : Chairperson, National Commission for Commissioner Protection of Child Rights (NCPCR) 46. Justice Ajit Prakash Shah : Chairman, Law Commission 16. Dr. P. L. Punia : Chairman, National Commission for Scheduled 47. Dr. B. N. Suresh : President, Indian National Academy of Castes Engineering (INAE) 17. Dr.Rameshwar Oraon : Chairman, National Commission for 48. Mr. Justice (Retd.) B. N. Kirpal : Chairman, National Forest Scheduled Tribes (NCST) Commission 18. Mr. Deepak Gupta : Chairman, Union Public Service 49. Mr. T. Nanda Kumar : Chairperson, National Dairy Commission (UPSC) Development Board (NDDB) 19. Dr. M. S. Swaminathan : Chairman, National Commission on 50. Lt. General AT Parnaik : Director-General, Border Roads Farmers (NCF) Organisation 20. Mr. Ajit Kumar Doval : National Security Adviser and Special 51. Dr. Raghuram Rajan : Governor, RBI Adviser to PM (Internal Security) 52. Justice Mr. Chandramauli Kumar Prasad : Chairman, Press 21. Mr. Sharad Kumar : Director-General, National Investigation Council of India Agency (NIA) 53. Mr. Amit Mathew : Chairman, Audit Bureau of Circulations 22. Mr. A. K. Mital : Chairman, Railway Board (ABC) 23. Mr. Shumsher K. Sheriff : Secretary-General, Rajya Sabha 54. Mr. Anita Kapur : Chairman, Central Board of Direct Taxes 24. Mr. T. K. Viswanathan : Secretary-General, Lok Sabha (CBDT) 25. Mr. Dineshwar Sharma: Director, Intelligence Bureau (IB) 55. Shri Najib Shah : Chairman, Central Board of Excise and 26. Mr. Anil Kumar Sinha : Director, Central Bureau of Customs Investigation (CBI) 56. Mr. Ashok Chawla : Competition Commission of India 27. Mr. Rajinder Khanna: Director, Research and Analysis Wing 57. Justice Syed Rafat Alam : Chairman, Central Administrative (RAW) Tribunal 28. Mr. Jayanto Narayan Choudhury : Director-General, 58. Mr. K.M. Singh : CMD, National Hydroelectric Power National Security Guard (NSG) Corporation (NHPC) 29. Mr. R.C. Tayal : Director-General, CRPF 59. Mr. Dinesh Kumar Sharma : CMD, Oil and Natural Gas 30. Mr. Devendra Kumar Pathak : Director-General, Border Corporation (ONGC) Security Force (BSF) 60. Mr. B. C. Tripathi : CMD, GAIL 31. Mr. Arvind Ranjan : Director-General, Central Industrial 61. Mr. B. Ashok : Chairman, IOC Security Force (CISF) 62. Mr. U.P. Singh : CMD, Oil India Ltd 32. Mr. Rajiv Ranjan Verma : Director-General, Railway 63. Mr. Vineet Joshi : Chairperson, Central Board of Secondary Protection Force. (RPF) Education (CBSE) 33. Mr. Krishna Choudhury : Director-General, Indo-Tibetan 64. Mr. U. K. Sinha : Chairman, Securities and Exchange Board Border Police (ITBP) of India (SEBI) 34. Mr. B. D. Sharma : Director-General, Sashastra Seema Bal 65. Dr. Harsh Kumar Bhanwala : Chairman, National Bank for Agriculture and Rural Development (NABARD)

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 71 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

66. Smt. Arundhati Bhattacharya : Chairman, SBI 11. Ramvilas Paswan: Consumer Affairs, Food and Public 67. Mr. M. S. Raghavan : Chairman, IDBI Distribution 68. Justice Dilip Raosaheb Deshmukh : Chairman, Company 12. Kalraj Mishra: Micro, Small and Medium Enterprises Law Board 13. Maneka Sanjay Gandhi: Women and Child Development 69. Mr. Ashok Kumar Mukherjee : India’s Permanent 14. Ananthkumar: Chemicals and Fertilizers Representative to UN 15. Ravi Shankar Prasad: Communications and Information 70. Mr. S. K. Roy : Chairman, Life Insurance Corporation of India Technology (LIC) 16. Jagat Prakash Nadda: Health and Family Welfare 71. Mr. Ashwin Pandya : Chairman, Central Water Commission 17. Ashok Gajapathi Raju Pusapati: Civil Aviation 72. Ms. Lalitha Kumarmangalam : Chairperson, National 18. Anant Geete: Heavy Industries and Public Enterprises Commission for Women 19. Harsimrat Kaur Badal: Food Processing Industries 73. Dr. Y. V. Reddy: Chairman, 14th Finance Commission 20. Narendra Singh Tomar: Mines, Steel 74. Dr. Pronob Sen : Chairman, National Statistical Commission 21. Chaudhary Birender Singh: Rural Development, Panchayati Raj, 75. Mr. Pahlaj Nihalani : Chairperson, Central Board of Film Drinking Water and Sanitation Certification (CBFC) 22. Jual Oram: Tribal Affairs 76. Dr. Rakesh Tewari : Director-General, Archaeological Survey 23. Radha Mohan Singh: Agriculture of India (ASI) 24. Thaawar Chand Gehlot: Social Justice and Empowerment 77. Dr. Jyotsna Suri : President, Federation of Indian Chambers 25. Smriti Zubin Irani: Human Resource Development of Commerce and Industry (FICCI) 26. Harsh Vardhan: Science and Technology Earth Sciences 78. Mr. R.S. Sharma : Chairman, Telecom Regulatory Authority Ministers of State of India (TRAI) 79. Dr. Rajan Katoch : Director, Enforcement Directorate 27. General VK Singh: Statistics and Programme Implementation 80. Mr. R. V. Verma : Chairman, Pension Fund Regulatory and (Independent Charge), External Affairs, Overseas Indian Development Authority (PFRDA) Affairs 81. Dr. Sekhar Basu : Director, Bhabha Atomic Research Centre 28. Rao Inderjit Singh: Planning (Independent Charge), Defence 82. Mr. N. Ramachandran : President, Indian Olympic Association 29. Santosh Kumar Gangwar: Textiles (Independent Charge) 83. Prof. B.K.Tripathi : Acting Director, National Council of 30. Bandaru Dattatreya: Labour and Employment (Independent Educational Research and Training (NCERT) Charge) 84. Mr. Sumit Majumdar : President, Confederation of Indian 31. Rajiv Pratap Rudy: Skill Development and Entrepreneurship Industry (CII) (Independent Charge), Parliamentary Affairs 85. Dr. A. Surya Prakash : Chairman, Prasar Bharti Board 32. Shripad Yesso Naik: AAYUSH (Independent Charge) 86. Mr. Ratan Tata : Chairman, Investment Commission Health and Family Welfare 87. Mr. Jagmohan Dalmiya : President, Board of Control for 33. Dharmendra Pradhan: Petroleum and Natural Gas (Independent Cricket in India (BCCI) Charge) 88. Mr. B.V.R. Mohan : Chairman, NASSCOM 34. Sarbananda Sonowal: Youth Affairs and Sports (Independent 89. Mr. Ramesh Sippy : Chairman, National Film Development Charge) Corporation (NFDC) 35. Prakash Javadekar: Environment, Forest and Climate Change 90. Mr. Ravindra Kumar: Chairman, United News of India (Independent Charge) 91. Mr. Mahendra Mohan Gupta : Chairman, PTI 36. Piyush Goyal: Power (Independent Charge), Coal (Independent 92. Mr. Kiran B. Vadodaria : President, Indian Newspaper Society Charge), New and Renewable Energy (Independent Charge) (INS) 37. Dr. Jitendra Singh: Development of North Eastern Region 93. Mr. Rana Kapoor : President, The Associated Chambers of (Independent Charge), Prime Minister’s Office Personnel, Commerce and Industry of India (ASSOCHAM) Public Grievances and Pensions Department of Atomic Energy Cabinet Ministers Department of Space 38. Nirmala Sitharaman: Commerce and Industry (Independent 1. Rajnath Singh: Home Affairs Charge) 2. Sushma Swaraj: External Affairs, Overseas Indian Affairs 39. Dr. Mahesh Sharma: Culture (Independent Charge), Tourism 3. Arun Jaitley: Finance, Corporate Affairs, Information and (Independent Charge), Civil Aviation Broadcasting 40. Mukhtar Abbas Naqvi: Minority Affairs, Parliamentary Affairs 4. M Venkaiah Naidu; Urban Development, Housing and Urban 41. Ram Kripal Yadav: Drinking Water and Sanitation Poverty Alleviation, Parliamentary Affairs 42. Haribhai Parthibhai Chaudhary: Home Affairs 5. Nitin Jairam Gadkari: Road Transport and Highways, Shipping 43.Sanwar Lal Jat: Water Resources, River Development and Ganga 6. Manohar Parrikar: Defence Rejuvenation 7. Suresh Prabhu: Railways 44. Mohanbhai Kalyanjibhai Kundariya: Agriculture 8. DV Sadananda Gowda: Law and Justice 45. Giriraj Singh: Micro, Small and Medium Enterprises 9. Sushri Uma Bharati: Water Resources, River Development and 46. Hansraj Gangaram Ahir: Chemicals and Fertilizers Ganga Rejuvenation 47. GM Siddeshwara: Heavy Industries and Public Enterprises 10. Dr Najma A Heptulla: Minority Affairs 48. Manoj Sinha: Railways

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 72 Leading Institute for Banking, Railway & SSC  Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

ONE LINER 1. Union Govt. on 27 August 2015 announced the list of 98 cities and towns selected under Smart Cities Mission. Which state has been allocated highest number of 13 cities in this coveted list? – Uttar Pradesh 2. The Reserve Bank of India on 1 September 2015 issued draft guidelines pertaining to interest rates and base rates. In the draft, RBI has sought to implement what new methodology for interest rates of the banks? – It has prescribed a uniform method by which banks have to arrive at the interest rates for providing loans 3. Which city is starting to observe a car-free day every Tuesday starting 22 September 2015 under which people will be encouraged to use alternative modes of transport 7 a.m. to 7 p.m.? – Gurgaon 4. Ferrari’s Sebastian Vettel (Germany) won the Singapore Formula 1 Grand Prix with style on 20 September 2015. What important fact was there for defending champion and this year’s championship leader Lewis Hamilton in this race? – He suffered his first retirement of the year in this race 5. Indian Space Research Organisation (ISRO) on 27 August 2015 successfully placed which communication satellite in orbit through GSLV D-6 rocket? – GSAT-6 6. A National Disaster Response Force (NDRF) team on 21 September 2015 managed to successfully evacuate two labourers from a tunnel in Himachal Pradesh in which they were trapped for last 9 days. This tunnel situated in Bilaspur is part of which expressway project? – Kiratpur-Manali expressway road project 7. What is the proposed date for merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India (SEBI), as notified by the Union Govt. on 2 September 2015? – 28 September 2015 8. The draft of the New Encryption Policy was issued by the Department of Electronics and Information Technology recently. This policy pertains to messaging services like WhatsApp, Viber, Line, Google Chat, Yahoo messenger etc. What is the most important proposal in the draft? – All messages must be mandatorily stored for 90 days 9. Which public-sector financial entity salvaged the 10% stake sale of Indian Oil Corporation (IOC) held on 24 August 2015 by buying as much as 86% shares on offer? – Life Insurance Corporation (LIC) 10. Jagmohan Dalmiya, the President of the Board of Control for Cricket in India (BCCI), passed away at a private hospital in Kolkata on 20 September 2015. He is known as the person who understood the potential of India becoming commercially a global powerhouse of cricket. In which year he took the first designation in the BCCI, as its treasurer? – 1983 11. Indian e-commerce giant Flipkart on 25 August 2015 launched a new tool that blends social-networking with shopping so as to make online shopping a more social affair. What is the name of this tool? – ‘Ping’ 12. Which city has for the first time overtaken Mumbai in unsold housing units and thus become the city with the second-highest residential real estate inventory overhang after the National Capital Region (NCR)? – Bengaluru 13. The government of West Bengal has recently initiated swift documentation process for getting a Geographical Indication (GI) registration for the iconic Bengali dessert rosogolla, better known as rasgulla all over the country. This has been done as another state has claimed that the rosogolla was actually born in that State. Which state is this? – Odisha 14. Which private-sector bank on 26 August 2015 launched India’s first home loan backed by mortgage guarantee that will allow consumers to increase borrowing as well as the paying tenure? –ICICI Bank 15. What history was created in Nepal as it adopted its new Constitution on 20 September 2015? – It is the first full democratic Constitution in Nepal’s history and Nepali citizens became sovereign in the true sense 16. In a landmark development, the West Bengal Government declassified the 64 files associated with Netaji Subhash Chandra Bose. These classified files containing around thirteen thousand pages will be made accessible to the public from 21 September 2015. These controversial classified files were kept for last 70 years in glass cascades in which museum? – Kolkata Police Museum 17. Czech Republic defeated India 3-1 in the World Group playoff tie on 20 September 2015, which was played at Delhi’s RK Khanna Stadium. What is the impact of this defeat for India? – India has been pushed again to the Asian-Oceania group 18. Which senior advocate of the Supreme Court associated with the Aam Aadmi Party (AAP) resigned from all posts of the party on 19 September 2015? – HS Phoolka 19. The State Govt. of Assam recently offered safe passage to separatist leader Paresh Baruah to visit his ailing mother. Baruah is associated with which anti-talks faction of Assam, against whom the Interpol has issued red corner notice? – United Liberation Front of Assam (ULFA) 20. Japan’s Parliament on 19 September 2015 passed which contentious security bill which resulted in a huge debate on the issue and protests by the opposition parties? – The bill which allows Japan’s military to fight abroad for the first time since World War II 21. Prime Minister Narendra Modi launched the ambitious Integrated Power Development Scheme (IPDS) on the occasion of his visit to Varanasi, his Lok Sabha constituency, on 18 September 2015. What is the primary objective of IPDS? – To provide 24×7 power supply in urban areas 22. The Union Environment Ministry recently banned which drug for human use with the primary objective to conserve and protect vultures from extinction? – Diclofenac 23. Indian Railways has developed a new design of “Hybrid Vacuum Toilet” that combines the advantages of vacuum toilets and those of bio-toilets. This toilet is a first ever system of its kind to have been developed and built by any railway system in the world. The trial-run of this new toilet has been started in which express train? – Dibrugarh Rajdhani B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 73 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

24. Union Government on 2 September 2015 announced which landmark and first-of-its-kind reform associated with oil and natural sector? – It announced that it will now auction small oil and gas fields to private firms 25. Union Govt. on 24 August 2015 divested 10% of its stake in which public sector undertaking? – Indian Oil Corporation 26. What was India’s rank in the Global Innovation Index (GII) 2015 that was released on 17 September 2015? – 81st place out of 141 countries 27. Google Inc. unveiled a redesign of its iconic logo on 1 September 2015. The new design spells ‘Google’ in a sans-serif typeface, similar to the one being used by Google’s newly created holding company, Alphabet. With this Google has done how many modifications in its logo since it started its operations? – Five 28. The Election Commission of India (ECI) recently came out with an announcement regarding ‘NOTA’ (‘None of the Above’) option on ballot papers displayed on EVMs. What is it? – ECI has introduced a specific symbol for NOTA 29. What is the name of the new scheme launched by the Union Govt. for the welfare of people affected by mining related operations on 17 September 2015? – Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) 30. Ushering another banking revolution in the country, the Reserve Bank of India (RBI) on 16 September 2015 accorded “in-principal” approval for 10 small finance banks. These banks will focus on small geographies for operations but with a strong capital base. Which 10 entities were selected for these small banks? – 1) Au Financiers, 2) Capital Local Area Bank, 3) Disha Microfin, 4) Equitas Holdings, 5) ESAF Microfinance, 6) Janalakshmi Financial Services, 7) RGVN (North East) Microfinance, 8) Suryoday Micro Finance, 9) Ujjivan Financial Services and 10) Utkarsh Micro Finance 31. For the first time in the history of weightlifting, an individual international tournament will be organised in India. The country will host the Commonwealth Youth, Junior and Senior Weightlifting Championships. This championship will be held in which city? – Pune 32. What is the name of the UPA-appointed Director of Nehru Memorial Museum and Library (NMML), who recently resigned controversially from the post and the resignation was accepted on 17 September 2015 by the Executive Council? – Mahesh Rangarajan 33. The birth centenary celebration of Rani Gaidinliu was inaugurated by Prime Minister Narendra Modi on 24 August 2015. On this occasion a commemorative coin was released to recall Rani’s contribution to India’s freedom struggle. Rani Gaidinliu was associated with which India state? – Nagaland 34. The insurance benefit payable to dependents of the members of the Employees’ Provident Fund Organisation (EPFO) was enhanced to Rs. 6 lakh in a meeting of the Central Board of Trustees of the EPFO held on 16 September 2015. What was the present benefit limit for the same? – Rs. 3.60 lakh 35. Which West African country faced military coup with the military officers overthrowing the government on 17 September 2015? – Burkina Faso 36. What is the new name of Mount McKinley, the tallest mountain of the United States, which was renamed sometimes back? – Denali 37. What is the name of the express train of the Indian Railway that met with a freak accident in the early hours of 24 August 2015 when a truck carrying a granite boulder rammed into it killing six people? – Bangalore-Nanded Express 38. Which South American country was struck by an 8.3 magnitude earthquake on 16 September 2015 resulting in setting off of a small tsunami wave and over one million people being evacuated? – Chile 39. Which city would host the XIX Asian Games 2022 as announced on 16 September 2015? – Hangzhou (China) 40. Nepal’s parliament overwhelmingly approved country’s new constitution on 16 September 2015. The new constitution was passed by 507 votes to 25 in the 601-member Constituent Assembly. This is overall ………..constitution enacted in the country – Fifth 41. The first spatially continuous map of worldwide forest tree density was prepared by a Yale University scholar and his team was released recently. What is the approximate number of trees worldwide as disclosed by this study? – 3.04 trillion 42. What is the name of the exhibition that was started on 15 September 2015 at the India Gate lawns in New Delhi to celebrate the Golden Jubilee of Indo-Pak War of 1965? – ‘Shauryanjali’ 43. Andhra Pradesh Chief Minister on 16 September 2015 released the water of river Godavari into Krishna to mark the formal linking of the two rivers. This event was performed at which village near Vijayawada? – Ibrahimpatnam 44. Which European country on 15 September 2015 declared state of emergency in two of its counties in view of the ongoing migrant crisis? – Hungary 45. On 6 September 2015 G20 launched a new group with the objective to empower women and to boost the role of women in global economic growth. What is the name given to this newly formed group? – W20 46. Which author of Indian author was among the six writers short-listed for the prestigious Man Booker Prize 2015, as announced on 15 September 2015? – Sunjeev Sahota 47. The Pentagon, the headquarters for U.S. defence establishment, recently set up a first-ever country specific special cell with the objective of speeding up its defence ties with India. What is the name of this first-of-its-kind cell? – ‘India Rapid Reaction Cell’ (IRRC) 48. The Reserve Bank of India (RBI) on 14 September 2015 announced canceling the certificate of registration of which entity of the Sahara Group? – Sahara India Financial Corporation Limited

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 74 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

49. The World Bank on 14 September 2015 released the first ever ranking of States on the ‘Ease of Doing Business’ in India. The rating assessed states over a six-month period from January to June 2015 on the issue of implementation of ‘ease of doing business’ policy. Which state topped this list? – Gujarat 50. Which state govt. on 16 September 2015 announced making it mandatory for all high rise buildings in the state to have solar power generation facility? – Tamil Nadu 51. Who was elected as the new Prime Minister of Australia on 14 September 2015 after Tony Abbott was ousted from power in an internal party ballot in the ruling Liberal party? – Malcolm Turnbull 52. World No.1 Novak Djokovic of Serbia won the US Open men’s singles title on 13 September 2015 by defeating his arch-rival Roger Federer in the finals. With this title win, Djokovic once again broke Federer’s dream of his 18th title. Djokovic has now won how many singles Grand Slam titles? – Ten 53. Recent media reports have disclosed that the supremacy of Lashkar-e-Taiba (LeT) as the number one militant organization in Kashmir has ended. An indigenous organization, with almost all members from Kashmir has replaced it. Which organization is this? – Hizbul Mujahideen 54. What is the name given to the first-ever bilateral naval exercise between India and Australia that commenced from 12 September 2015 at Visakhapatnam? – AUSINDEX-15 55. Who was unanimously elected as the new Chairman of the Press Trust of India (PTI) on 14 September 2015? – Hormusji N Cama (Director, ‘Bombay Samachar’) 56. The 6th Indo-Maldives joint Military Training Exercise, which concluded on 13 September 2015, was held at which place? – Thiruvananthapuram 57. Which billionaire businessman came to news for recently purchasing the iconic ‘Lincoln House’ in Mumbai for a huge price of Rs. 750 crore? – Cyrus Poonawalla 58. Which state would host the world’s largest 750 Mega Watts (MW) solar power station as announced on 23 August 2015? – Madhya Pradesh 59. Over 90 persons were killed and many injured when mining gelatin and detonators stored in a house near a restaurant exploded on 12 September 2015 in Jhabua district of Madhya Pradesh. This accident took place in which town of Jhabua district? – Petlawad 60. In an important event in British politics, who was elected as the new leader of opposition Labour Party on 12 September 2015? – Jeremy Corbyn 61. What is the name of the cyclonic storm that battered Japan on 24 August 2015 with wind speeds of over 250 km/ hr. after large-scale destruction in the Philippines? – Goni 62. Which noted international NGO’s Indian unit’s licence to receive foreign donations was cancelled by the Ministry of Home Affairs (MHA) during September 2015? –Greenpeace India 63. Singapore Prime Minister Lee Hsien Loong registered a landslide victory in the general election held in the country on 11 September 2015. His party returned to the power with a massive mandate for the 12th time since Singapore attained independence. What is the name of this ruling party which has ruled Singapore since it attained Independence some 50 years ago? – People’s Action Party (PAP) 64. What was the special feature of the US Open women’s singles final that was played on 12 September 2015 and was won by Flavia Pennetta of Italy? – It was the first-ever all-Italian Grand Slam women’s final in the Open Era 65. India won a historic Test series against Sri Lanka as it defeated the hosts by 117 runs in the third and final test match played in Colombo on 1 September 2015. With this win India ended a 22-year long wait for a Test series win over Sri Lanka on their home soil. Who had led India in the last Sri Lankan Test series win 22-years ago? – Mohammad Azharuddin 66. Who was appointed as the new Finance Secretary on 31 August 2015? – Ratan P. Watal 67. Leander Paes and Martina Hingis won the 2015 U.S. Open mixed doubles title by defeating Sam Querrey and Bethanie Mattek-Sands in the finals on 11 September 2015. This was ………mixed doubles title of the year for Paes and Hingis – Third 68. World welterweight boxing champion Floyd Mayweather, Jr. (US) ended his illustrious boxing career on 12 September 2015 with a win over Andre Berto to claim the 49th and final win of his career. He thus ended 49-0 to match the record of which heavyweight boxing legend? – Rocky Marciano 69. The United Nations General Assembly on 10 September 2015 gave its approval to which country’s resolution under which this country’s flag will fly at the United Nations (UN) despite this country not being a member of the UN? – Palestine 70. 12th World Hindi Conference, which was inaugurated by Prime Minister Narendra Modi on 10 September 2015, is being held in which city? – Bhopal 71. Union Cabinet approved the constitution of a new Law Commission on 9 September 2015. This will be which edition of the Law Commission? – 21st 72. During September 2015, who was appointed as the newest full time member of NITI Aayog? – Prof. Ramesh Chand 73. During September 2015 Barack Obama achieved which distinction as the President of the United States? – He became the first- ever sitting US President to cross the Arctic Circle to go to Alaska 74. According to the information disclosed by Lebanese sources and confirmed by the U.S. officials, which prominent country has recently joined the ongoing war in Syria by backing President Bashar al-Assad’s forces? – Russia 75. Wilfred De Souza, who passed away on 4 September 2015, was a 3-time Chief Minister of which state? – Goa

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 75 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

76. Prime Minister Narendra Modi on 11 September 2015 inaugurated a new terminal of Chandigarh airport. This new terminal will handle both domestic as well as international flights and will be operated and maintained by Chandigarh International Airport Ltd (CHIAL). Which two state governments have equal stake in CHIAL? – Punjab and Haryana 77. India Test captain Virat Kohli recently acquired stake in which franchisee team of Indian Premier Tennis League (IPTL) to become a co-owner of it? – UAE Royals 78. Indian Railways is poised to enter into an agreement with which entity to facilitate getting images for mapping and communications to introduce Wi-Fi through the satellite system, as announced on 6 September 2015? – ISRO 79. Wilfred De Souza, who passed away on 4 September 2015, was a 3-time Chief Minister of which state? – Goa 80. The recently released RBI Annual Report for 2014-15 had revealed that the central bank’s Contingency funds, used in case of unforeseen shocks, have fallen to 8.4% of total assets. Apart from this, for the last two years, the RBI has made no transfers to its Contingency Fund or its Asset Development Fund. What is the stipulated target for funding of RBI’s contingency funds? – 12% of assets 81. Union Cabinet on 9 September 2015 announced the Gold Monetisation Scheme under which gold in any form can be deposited with banks for a period of one to 15 years. What is the primary objective of this scheme? – To bring out the huge amount of gold that is being kept idly by Indians 82. What is the primary objective of the Sovereign Gold Bond Scheme, which was approved by the Union Cabinet on 9 September 2015? – To rope in customers looking to buy gold as an investment 83. Union Cabinet on 9 September 2015 came out with which important approval for the telecom industry? – It gave its approval to the spectrum trading guidelines which will allow telecom companies to buy and sell spectrum 84. he Union Cabinet announced which new policy for white label ATM operations in the country on 9 September 2015? – It allowed 100% FDI under the automatic route for white label ATM operations 85. Which entity was presented the Gandhi International Peace Prize for the year 2014 by the President on 9 September 2015? – Indian Space Research Organization (ISRO) 86. Global rating agency Standard & Poor’s (S&P) downgraded which leading Latin American country’s credit rating to junk grade on 9 September 2015? – Brazil 87. Andhra Pradesh Govt. on 9 September 2015 created history by taking the first step to link two mighty rivers of the state. This was done by diverting the water of one river from Tadepudi reservoir to facilitate supply to the other river. Which are these two rivers? – Godavari and Krishna 88. The forthcoming Assembly elections in Bihar would he held in how many stages as announced by the Election Commission in its poll itinerary on 9 September 2015? – Five stages 89. British monarch Queen Elizabeth II on 9 September 2015 reached a major milestone by becoming the longest-reigning monarch in Britain’s history. Whose record of staying at the throne for 63 years and 7 months she surpassed? – Queen Victoria 90. In a significant development in the ongoing European migrant crisis, two countries on 5 September 2015 opened their borders to thousands of exhausted refugees. Which are these two countries? – Germany and Austria 91. The Reserve Bank of India on 31 August 2015 declared which two banks of the country as Domestic Systemically Important Banks (D-SIBs), which literally means that these banks are so integral to the national economy that their failure would have to be prevented at any cost? – SBI and ICICI Bank 92. In an important initiative, the Union Govt. on 8 September 2015 set an ambitious literacy target under the Sansad Adarsh Gram Yojana (SAGY). What is this target? – To achieve 100% literacy in villages adopted under the Sansad Adarsh Gram Yojana by March 2016 93. J. Manjula, the woman scientist of the Defence Research and Development Organisation (DRDO), came to news recently. Why? – She became the first-ever woman Director General of DRDO 94. Which state on 8 September 2015 announced imposition of a complete ban on manufacture and sale of gutka, pan masala, and other similar products containing tobacco? – Haryana 95. A committee set up by the government to rationalise distribution incentives for financial products and curb their mis-selling, has in its report recommended flexible exits for financial products and that profits from exit charges not accrue to product providers. Who headed this committee? – Sumit Bose, former Finance Secretary 96. Which city became the first-ever city from Africa to get the hosting rights of the Commonwealth Games as announced on 2 September 2015 for the Commonwealth Games for 2022? – Durban (South Africa) 97. What important trend in household financial savings during 2014-15 was seen in the country as disclosed by the Reserve Bank of India (RBI) on 1 September 2015? – Financial savings of households have successfully reversed a 5-year long dipping trend 98. Global ratings agency Fitch, on 1 September 2015, downgraded which PSU bank’s Viability Rating by one notch to ‘bb’ on account of the growing risk to the bank’s capital position from mounting stock of stressed assets? – Punjab National Bank (PNB) 99. Who took over as the new Chairman of the National Highways Authority of India (NHAI) on 31 August 2015? – Raghav Chandra 100. The meeting of the Finance Ministers and Central Bank Governors from the Group of 20 (G20) was held at which city on 4 and 5 September 2015? – Ankara (Turkey) 

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 76 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

OPSC CSE-2015 SPECIAL VOLUME-3 (NEW SCHEME LAUNCHED BY GOVT OF ODISHA) COMMANDING OVER ODISHA CIVIL SERVICE EXAM 1. ‘Ahar’ The Odisha Government launched a food packet scheme of 3. Rs.1 kg rice scheme Rs five to serve the urban poor from 1st April 2015 named as Odisha govt. has launched a Rs 1 per kg rice scheme for poor Ahar. people in Odisha. “The poor people in five urban pockets like Cuttack, According to the scheme, the government will provide 25 kg Bhubaneswar, Sambalpur, Berhampur and Rourkela will be of rice at Rs 1 per kg every month to every family below the provided with ‘Bhat-Dalma’ (Rice and Dalma) at the cost of poverty line (BPL) along with some other catagories in the only Rs five. state. Stating that poor people visiting different cities and towns Patnaik had announced the scheme Jan 26 on the Republic for various works face difficulties in getting food due to high Day to provide food security to over 58 lakh families in the price, the spokesman said the state government would open state to achieve a hunger free Odisha. ‘Ahar’ centres at different bus stands, railway All Dalit and tribal students; Antyodaya card holders, the stations, hospitals and other crowded places. physically challenged and families listed under above poverty People can avail the lunch at subsidised price. NGOs having line (APL) category in Kalahandi, Bolangir and Koraput experience in handling food related schemes will be assigned districts will also be covered under this scheme. But the APL the job of distributing food to the poor in urban areas. from KBK have been removed from the scheme now. Akhaya Patra Foundation the reputed NGO involved with The state was earlier also providing subsidised rice at the the Mid Day Meal Scheme has been assigned the work. rate of Rs.2 per family to about five million people, including Health inspectors of different municipal corporations would poor and other selected categories since 2008 as per its pre- check quality of food being provided at the proposed ‘Ahar’ poll commitment. centres and different corporate houses like OMC would support the cheap food schemes in urban pockets. 4. Biju Pucca Ghar scheme The cheap food scheme would be extended to other towns As part of commitment made to the people of Odisha during subsequently ke eping in view the success of ‘Ahar’ centres elections, Chief Minister Naveen Patnaik launched a Rs 3,000 in the five cities. crore new scheme with the objective of converting all the kuccha houses to pucca houses in the state under the Biju 2. Niramaya’ Pucca Ghar Scheme. The Odisha government has embarked on an ambitious drive Stating that the existing ‘Mo Kudia’ scheme is merged with of providing 570 medicines free of cost in government the new scheme, the annual budget provision of the Biju hospitals from 1st May 2015 at a time when the central Pucca Ghar will be substantially enhanced from Rs 330 crore government gave a quiet burial to free drug distribution to around Rs 3000 crore in a phased manner. scheme at the national level first promised in 2012. Odisha government had earlier announced ‘Mo Kudia’ Chief minister Naveen Patnaik launched the initiative, being scheme to cover the poor and needy people denied housing called ‘Niramaya’ at Capital Hospital in Bhubaneswar. “To facility under the Indira AwasYojana (IAY). Now, the state start with, Niramaya gets going in the three government-run government’s own scheme ‘Mo Kudia’ would be merged with medical colleges and hospitals, 30 district headquarters the Biju Pucca Ghar, officials said. hospitals besides Capital Hospital and Rourkela Government “The house under the new scheme will be sanctioned in the Hospital. name of women of the household,” while indicating that it The Centre had first proposed free drugs in public health was the state government’s bid to empower women. facilities in 2012 and made budgetary provision in 2013. The list was narrowed to 348 essential drugs last year, which was 5. Ama Jungle Yojana further reduced to 50 drugs. In this year’s budget, the Centre The Odisha government has decided to carry forward the allocated no funds for any free drugs though the Centre forest conservation programmes through Ama Jungle promised to incentivize states to start the scheme. Yojana from 2015-2016 and proposed for JICA assistance As per the central government norms, states undertaking for the programme. The Ama Jungle Yojana will replace free drug schemes if fulfil the central norms of quality the Odisha Forest Sector Development Project (OFSDP) assurance will get 5% of NHM allocation as incentive. The being implemented through Joint Forest Management government has allotted Rs 200 crore for the free medicine (JFM) mode. The OFSDP was started in Odisha with JICA scheme in this year’s budget. assistance from the year 2006-07. At present the project is Odisha State Medical Corporation Ltd (OSMCL), a state PSU formed in 2013, will run the scheme. Hospital consumables and surgical items and medicines for serious ailments such B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar as cancer77 Leadingand diabetes Institute for are Banking, also Railwaypart of & SSCthe free drugs scheme. Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 being implemented in 10districts of the State namely Angul, medical treatment including counseling, legal aid Balasore, Bhadrak,Deogarh, Gajapati, Kandhamal, and guidance and vocational training. Keonjhar, Koraput, Rayagada and Sundargarh with the IV. To facilitate reintegration of the victims into the main objectives of the restoration of the degraded forest family and society at large. and creation of alternative livelihood for the people living V. To facilitate repatriation of cross-border victims to in forest areas. The estimated cost of the project is around their country of origin. Rs 802 crore. The project has been successful in achieving the targets. Official sources said around 12,500 VSSs have 8. Swadhar Shelter Home been organized in different districts who are now looking The state govt. of Odisha has launched the Swadhar Shelter after protection of 11.68 lakh hector forest area. Due to Scheme with the objectives : the project Assisted Natural Regeneration (ANR) of I. To provide immediate shelter, food, clothing and forests has been achieved over 1,55,045 hectares, block care to women in crisis. plantation in JFM mode has been done over 40,943 II. To arrange for specific clinical, legal support in hectares, teak has been grown in 14,417 hectares, coordination with Local/ State administration. mangrove has been raised over 2,769 hectares and III. To coordinate in rehabilitating women in crisis. casuarina plantation has been done over 151 hectares. Target Group: i. Widows deserted by their families and relatives 6. Kishori Shakti Yojana ii. Women prisoners not accepted by the families Kishori Shakti Yojana under the ambit of ICDS aims at the iii. Women survivors of natural calamity. empowerment and holistic development of adolescent girls iv. Trafficked women/girls rescued from brothels. by improving their self perception and creating opportunities v. Women victims of terrorist violence. for realizing their full potential through BalikaMandals. The vi. Mentally challenged women scheme primarily aims at breaking the intergenerational life vii. Women with HIV/AIDS & deserted by their family. cycle of nutritional & gender disadvantage and providing a Facilities provided in the Swadhar Shelter Home includes: supportive environment for self development. • Provision for food, shelter and clothing for the Objective: women and their children below the age of 18 years i. To provide the required literacy and numeric skills free of cost. through the non-formal stream of education. • Counselling for the women in difficult ii. To stimulate a desire for more social exposure and circumstances. knowledge and to help them improve their decision • Clinical, Legal and other support for women in making capabilities. difficult circumstances. iii. To improve the nutritional, health and development • Training for the economic empowerment and status of adolescent girls, promote awareness on rehabilitation of such women. health, hygiene, nutrition and family care, • Following are the budget provisions for the different iv. To link them to opportunities for learning life skills, categories of Swadhar Shelter Homes to train and equip the adolescent girls to improve/ upgrade home based and vocational skills. 9. Nirman Shramik Pucca Ghar v. To help them gain a better understanding of their social environment and take initiatives to become Yojana productive members of the society. Announcing various welfare measures for the construction Target Group: workers of Odisha on the occasion of State level Nirman Adolescent Girls (11-18 yrs.) - both school going and out of Sramik Seva Divas-2015, Chief Minister Naveen Patnaik said school girls. “To provide shelter to construction workers, the State Government has decided to launch ‘Nirman Shramik Pucca 7. Ujjawala Ghar Yojana’. Construction workers having a registration for The state govt. of Odisha has launched the Ujjawala Scheme a minimum period of five years will be eligible to get Rs. 1 with the objectives : lakh as housing grant under the scheme. Construction I. To prevent trafficking of women and children for workers having registration for a minimum period of five years commercial sexual exploitation through social will be eligible to get a monthly pension of Rs. 500 on attaining mobilization and involvement of local communities, the age of 60 years”. The assistance for purchase of working awareness programmes, workshops/seminars and tools is enhanced from Rs. 4000 to Rs. 5000 for beneficiary. other innovative activity. For migrant construction workers of Odisha, the State II. To facilitate rescue of victims from the place of their Government has decided that even if such workers are not exploitation and place them in safe custody. registered under Odisha Building and Other Construction III. To provide rehabilitation services both immediate Welfare Board, they will be covered by Rs. 1 lakh ex-gratia in and long-term to the victims by providing basic case of accidental death during the course of employment amenities/needs such as shelter, food, clothing, and assistance up to Rs. 50,000 to meet treatment cost in case of grievous work related injuries outside the State.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 78 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

The above benefits will be met by Odisha Building and Other In addition, 15000 rupees per transgender trainee will be given Construction Workers Welfare Board. for 200 hours for their skill development course. One batch will consist of 30 trainees. The stipend will be 1000 rupees 10. Gopabandhu Grameen Yojana per month for the trainee. A new initiative called GopabandhuGraminYojana (GGY) was launched by the Government of Odisha during 2006-07 with 12. Biju Setu Yojana a view to provide additional developmental assistance to In an effort to provide connectivity to all the villages in the the targeted 11(Eleven) districts of the State not covered state, Orissa government launched a Rs 1,000 crore scheme under the Backward Regions Grant Fund (BRGF). Due to – Biju Setu Yojana (BSY)- for construction of at least 400 inclusion of Bargarh district under BRGF Scheme during bridges in next three years in 2013. “The new bridges will 2012-13, the number of districts has been reduced to 10. With provide access to market of goods and services and improved this Scheme, Rural Connectivity and quality of rural life has delivery of social service. undergone tremendous change. Most of rural roads in the Statistics has shown that improved road connectivity has a targeted districts have been covered. In order to further positive impact on the reduction of poverty. strengthen rural connectivity, both inter village and intra Though bridges were being constructed under different village, in the targeted districts during the 12th Plan Period schemes, the state government felt that the existing schemes with due importance to electrification and water supply, these were unable to cater to the requirement of the state. So the revised comprehensive guideline & are hereby issued. The government embarked upon a new initiative to bridge all the GGY scheme is being implemented in the following 10 number missing links on roads under Rural Development department. of districts. The state government would fund the BSY from its own They are resources. (i) Angul (ii) Balasore (iii) Bhadrak (iv) Cuttack 13. Biju Kandhamal O Gajapati (v) Jajapur (vi) Jagatsinghpur (vii) Kendrapara (viii) Khurda Yojana (ix) Nayagarh and (x) Puri Biju Kandhamal O Gajapati Yojana with a view to accelerating The principal objective of the scheme is to provide additional the development process and expediting poverty reduction development funds to the targeted districts to provide in Kandhamal and Gajapati districts, the State Government infrastructure consisting of Bijili, Sadak and Pani (i.e. have launched a Special Area Development Initiative called: electrification, roads and water supply) to every revenue “Biju Kandhamal O Gajapati Yojana (BKGY)” under State village in the identified districts on need based manner. Plan effective from the year 2009-10 out of State’s own resources. Each district shall be entitled to receive funds to 11. Odisha Government decided to the extent of Rs.1.50 crore multiplied by number of Blocks per annum. Accordingly, sums of Rs.18 crore and Rs.10.50 implement 5 sub-schemes for crore have been sanctioned in favour of Kandhamal and transgenders Gajapati districts respectively. The objectives of BKGY are as follows:- The Odisha Government in the third week of September 2015 (i) Creating opportunities for economic, social and decided to implement five sub-schemes introduced by the human development for the people of the districts, central government for empowerment of transgenders. (ii) Accelerating poverty reduction and achieving The state government’s newly created Department of Social Millennium Development Goals (MDG), and Security and Empowerment of Persons with Disabilities (iii) Improving the quality of life of the local people and (SSEPD) will implement the sub-schemes. reducing regional disparities. With a view to The department has also prepared a proposal for recognition achieving the aforesaid objectives, the BKGY shall of transgenders. Upon recognition, the department will focus on the following sectors (components) provide them with certificates as third gender. Also, parents keeping in view local needs and flow of funds from of every transgender will get financial assistance of 1000 other sources: rupees. Bijli (i.e., village/rural electrification and street Under pre-matric scholarship, the transgender day scholar lighting), will get 150 rupees and the hostelers will get 350 rupees for Sadak (i.e., construction of culverts, bridges, roads 10 months. Similarly, the transgender students will get for improving inter-village and intra-village monthly post-matric scholarship of 550 rupees, and the connectivity and other roads), hostelers will get 1200 rupees for 10 months.

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 79 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Pani (i.e., creation of irrigation and drinking water lactating women to enable them to seek improved nutrition sources), and promote health seeking behavior (iv) Livelihood Initiatives (i.e., support for sustainable Objective income and employment generating activities, A. To provide partial wage compensation for pregnant development of livelihood sectors, and SHGs), and nursing mothers so that they are able to rest (v) Social Safety Net Programmes (i.e., support for adequately during their pregnancy and after programmes that address the needs of vulnerable delivery. groups of people). B. To increase utilization of maternal and child health services, especially antenatal care, postnatal care 14. MadhuBabu Pension Yojna and immunization. In January 2008, Odisha Government merged two old schemes, C. To improve mother and child care practices, namely, Revised Old Age Pension Rules, 1989 & Disability especially exclusive breastfeeding and Pension Rules, 1985 and introduced the MadhuBabu Pension complementary feeding of infants. Yojana under this person will be eligible for pension if He/ Target Group : She; Pregnant and lactating woman of 19 & above age group, for i. is of 60 years of age and above the first two live births except those who avail maternity ii. Or, is a widow (irrespective of age) benefit (who are themselves employees or wives of iii. Or, is a leprosy patient with visible signs of employees of State Govt/Central Govt/PSUs) will get Rs. 6000 deformity (irrespective of age). under this scheme. iv. Or, is a person of 5 years of age or, above and unable to do normal work due to his/her deformity or 16. Biju Atma Nijukti Yojana disability being blind or, orthopedically The Odisha government has launched the handicapped or, mentally retarded or, with cerebral BijuAtmaNijuktiYojana, a scheme named after former chief palsy. minister BijuPatnaik, to provide loans and subsidy to the v. Or, a widow of AIDS patient (irrespective of age people of the state for self employment. and income criteria mentioned under Rule 6(b). The department aims to generate one lakh jobs in the 2015- vi. Or, an AIDS patient identified by the State / District 16 financial year in the MSME sector. AIDS Control Society The government would also bring in a procurement policy vii. has family income from all sources not exceeding making it mandatory for the state-level public sector Rs.24,000/- per annum (Tahasildar concerned to undertakings and all the departments to procure at least 20 certify) per cent of their product and service needs from small and viii. is a permanent resident / domicile of Odisha. medium enterprises (SMEs). ix. is not in receipt of any other pension from the union It would be in line with the Centre’s policy, which has also Government or the state government or any mandated that all central government PSUs would procure organization aided by either Government. 20 per cent of their annual requirement from SMEs. Financial norms: There will be a sub-target of four percent for procurement A. Rs 500(60-79 years) and Rs.500 (80 years and from SMEs owned by entrepreneurs from scheduled castes above)per beneficiary per month. and scheduled tribes (SC/ST) communities. B. The pension due to beneficiary gets disbursed on 15th of every month, on JANA SEWA DlWAS in Best of Luck denomination of Rs 100 by BDO or any officer Mr. Pramod Padhi subordinate to BDO (in rural area) in Gram Panchayat  office and by DSWO or any officer subordinate to DSWO at municipal office in the urban area. HIGHLIGHTS 15. Mamata To alleviate the issue of maternal and infant under nutrition, OPSC OCS Special Volume – 4 Government of Odisha, has launched a state specific scheme for pregnant women and lactating mothers called MAMATA- (December-2015) a conditional cash transfer maternity benefit scheme. This scheme provides monetary support to the pregnant and Current Affairs : World, India & Odisha

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 80 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

PRACTICE SET FOR UPCOMING EXAM [OPSC]

Directions for the following 5 (five) items Read the following (b) better distribution of incomes irrespective of rate of two passages and answer the items that follow each passage. growth. Your answers to these items should be based on the passages (c) develop economic growth and redistribute economic only gains to those getting left behind. Passage – 1 (d) put an emphasis on the development of the poorest In recent times, India has grown fast not only compared to its own segments of society. past but also in comparison with other nations. But there cannot 3. Consider the following statements be any room for complacency because it is possible for the Indian According to the author, India’s economy has grown but there economy to develop even faster and also to spread the benefits of is no room for complacency as this growth more widely than has been done thus far. Before going 1. growth eradicates poverty. into details of the kinds of micro-structural changes that we need 2. growth has resulted in prosperity for all. to conceptualize and then proceed to implement, it is worthwhile Which of the statements given above is/are correct? elaborating on the idea of inclusive growth that constitutes the (a) 1 only (b) 2 only defining concept behind this Government’s various economic (c) Both 1 and 2 (d) Neither 1 nor 2 policies and decisions. A nation interested in inclusive growth views the same growth differently depending on whether the gains of the Passage –2 growth are heaped primarily on a small segment or shared widely It is easy for the government to control State-owned companies by the population. The latter is cause for celebration but not the through nods and winks. So what really needs to be done as a first former. In other words, growth must not be treated as an end in step is to put petrol pricing on a transparent formula – if the price itself but as an instrument for spreading prosperity to all. India’s of crude is x and the exchange rate y, then every month or fortnight, own past experience and the experience of other nations suggests the government announces a maximum price of petrol, which that it is not a sufficient condition. In other words, policies for anybody can work out from the x and the y. The rule has to be promoting growth need to be complemented with policies to ensure worked out to make sure that the oilmarketing companies can, in that more and more people join in the growth process and, further, general, cover their costs. This will mean that if one company can that there are mechanisms in place to redistribute some of the gains innovate and cut costs, it will make greater profits. Hence, firms to those who are unable to partake in the market process and, will be more prone to innovate and be efficient under this system. hence, get left behind. A simple way of giving this idea of inclusive Once the rule is announced, there should be no interference by the growth a sharper form is to measure a nation’s progress in terms of government. If this is done for a while, private companies will re- the progress of its poorest segment, for instance the bottom 20 enter this market. And once a sufficient number of them are in the percent of the population. One could measure the per capita income fray, we can remove the rule-based pricing and leave it truly to the of the bottom quintile of the population and also calculate the market (subject to, of course, the usual regulations of anti-trust growth rate of income; and evaluate our economic success in terms and other competition laws). of these measures that pertain to the poorest segment. This approach 4. Consider the following statements: is attractive because it does not ignore growth like some of the According to the passage, an oil company can make greater older heterodox criteria did. It simply looks at the growth of income profits, if a transparent formula for petrol pricing is announced of the poorest sections of the population. It also ensures that every fortnight or month, by those who are outside of the bottom quintile do not get ignored. If 1. Promoting its sales. that were done, then those people would in all likelihood drop 2. Undertaking innovation. down into the bottom quintile and so would automatically become 3. Cutting costs. a direct target of our policies. Hence the criterion being suggested 4. Selling its equity shares at higher prices. here is a statistical summing up of the idea of inclusive growth, Which of the statements given above is/are correct? which, in turn, leads to two corollaries: to wish that India must (a) 1 only (b) 2 and 3 strive to achieve high growth and that we must work to ensure that (c) 3 and 4 (d) 1, 2 and 4 the weakest segments benefit from the growth. 5. Consider the following statements: 1. The author’s central focus is on According to the passage, private oil companies re-enter the (a) applauding India’s economic growth not only against its oil producing market if own past performance, but against other nations. 1. A transparent rule-based petrol pricingexists. (b) emphasizing the need for economic growth which is the 2. There is no government interference in the oil producing sole determinant of a country’s prosperity. market. (c) emphasizing inclusive growth where gains of growth are 3. Subsidies are given by the government. shared widely by the population. 4. Regulations of anti-trust are removed. (d) emphasizing high growth. Which of the statements given above are correct? 2. The author supports policies which will help (a) 1 and 2 (b) 2 and 3 (a) develop economic growth (c) 3and 4 (d) 2 and 4

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 81 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

6. Five persons fire bullets at a target at an interval of 6,7,8,9 and increasingly accepted – a 10C average temperature increase over 12 seconds respectively. The number of times they would the next 30 years, sea level rise of less than 10 cm in the same fire the bullets together at the target in an hour is period, and regional monsoon variations and corresponding droughts (a) 6 (b) 7 – the impacts in India are likely to be quite site and crop specific. (c) 8 (d) 9 Some crops may respond favourable to the changing conditions, 7. A group of 630 children is seated in rows for a group photo others may not. This emphasizes the need to promote agricultural session. Each row contains three less children than the row in research and create maximum flexibility in the system to permit front of it. Which one of the following number of rows is not adaptations. The key ingredient for “drought proofing” is the possible? managed recharge of aquifers. To ensure continued yield of (a) 3 (b) 4 important staple crops (e.g. wheat), it may also be necessary to (c) 5 (d) 6 shift the locations where these crops are grown, in response to 8. There are seven persons up on a ladder, A, B, C, D, E, F and temperature changes as well as to water availability. The latter will G (not in that order). A is further up than E but is lower than be key factor in making long terms investment decisions. For C. B is in the middle. G is between A and B. E is between B example, water runoff from the Himalayas is predicted to increase and F. If F is between E and D, the person on the bottom step over the next 30 years as glaciers melt, but then decline substantially of the ladder will be thereafter. It will be critical to provide incentives to plan for these (a) B (b) F large-scale shifts in agro-ecological conditions. India needs to make (c) D (d) E long term investment in research and development in agriculture. 9. Consider that: India is likely to experience changed weather patterns in future. 1. A is taller than B. 2. C is taller than A. 13. Consider the following statements: Climate change may force 3. D is taller than C. the shifting of locations of the existing corps due to 4. E is the tallest of all. 1. Melting of glaciers. If they are made to sit in the above order of their height, who 2. Water availability and temperature suitability at other will occupy the mid position? locations. (a) A (b) B 3. Poor productivity of crops. (c) C (d) D 4. Wider adaptability of crop plants. 10. Consider the following statements: There are six villages A, B, Which of the statements given above are correct? C, D, E and F. (a) 1, 2 and 3 (b) 2 and 3 only F is 1 km to the west of D. (c) 1 and 4 only (d) 1, 2, 3 and 4 B is 1 km to the east of E. 14. According to the passage, why is it important to promote A is 2 km to the north of E. agricultural research in India? C is 1 km to the east of A. (a) To predict variations in monsoon patterns and to manage D is 1 km to the south of A. water resources. Which three villages are in a line? (b) To make long term investment decisions for economic (a) A, C, B (b) A, D, E growth (c) C, B, F (d) E, B, D (c) To facilitate wider adaptability of crops 11. Four children are sitting in a row. A is occupying the seat next (d) To predict drought conditions and to recharge aquifers to B but not next to C. If C is not sitting next to D, who is/are Passage – 2 occupying seat/seats adjacent to D? It is essential that we mitigate the emissions of greenhouse gases (a) B (b) A and thus avoid some of the worst impacts of climate change that (c) B and A (d) Impossible to tell would take place in coming years and decades. Mitigation would 12. Assume that require a major shift in the way we produce and consume energy. A 1. The hour and minute hands of a clock move without shift away from overwhelming dependence on fossil fuels is now jerking. ,long overdue, but unfortunately, technological development has 2. The clock shows a time between 8 o’clock and 9 o’clock. been slow and inadequate largely because government policies have 3. The two hands of the clock are one above the other. After not promoted investments in research and development, myopically how many minutes (nearest integer) will the two hands as a result of relatively low prices of oil. It is now,therefore, be again lying one above the other? imperative for a country like India treating the opportunity of (a) 60 (b) 62 harnessing renewable energy on a large scale as a national imperative. (c) 65 (d) 67 This country is extremely well endowed with solar, wind and Directions for the following 6 (six) items: Read the following biomass sourcesof energy. Where we have lagged, unfortunately, is two passages and answer the items that follow each passage. in our ability to develop and to create technological solutions for Your answers to these items should be based on the passages harnessing these resources. only. One particular trajectory for carrying out stringent mitigation of Passage - 1 greenhouse gas emissions assessed by the Intergovernmental Panel Climate change poses potentially devastating effects of India’s on Climate Change (IPCC) clearly shows the need for ensuring agriculture. While the overall parameters of climate change are that global emissions of greenhouse gases peak no later than 2015

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 82 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015 and reduce rapidly thereafter. The cost associated with such a (a) 21, 11 and 29 respectively trajectory is truly modest and would amount, in the estimation of (b) 28, 18 and 22 respectively IPCC, to not more than 3 percent of the global GDP in 2030. In (c) 37, 27 and 13 respectively other words, the level of prosperity that the world would have (d) 39, 29 and 11 respectively reached without mitigation would at worst be postponed by a few 20. A gardener increased the area of his rectangular garden by months or a year at the most. This is clearly not a very high price increasing its length by 40% and decreasing its width by 20%. to pay for protecting hundreds of millions of people from the The area of the new garden worst risks associated with climate change. Any such effort, (a) has increased by 20% however, would require lifestyles to change appropriately also. (b) has increased by 12% Mitigation of greenhouse gas emissions is not a mere technological (c) has increased by 8% fix, and clearly requires changes in lifestyles and transformation of (d) is exactly the same as the old area a country’s economic structure, whereby effective reduction in 21. Six books are labeled A, B, C, D, E and F and are placed side emissions is brought about, such as through the consumption of by side. Books B, C, E and F have green covers while others much lower quantities of animal protein. The Food and Agriculture have yellow covers. Books A, B and D are new while the rest Organization (FAO) has determined that the emissions from the are old volumes. Books A, B and C are law reports while the livestock sector amount to 18 percent of the total. The reduction rest are medical extracts. Which two books are old medical of emissions from this source is entirely in the hands of human extracts and have green covers ? beings, who have never questioned the impacts that their dietary (a) B and C (b) E and F habits of consuming more and more animal protein are bringing (c) C and E (d) C and F about. Mitigation overall has huge co-benefits, such as lower air 22. A straight line segment is 36 cm long. Points are to be marked pollution and health benefits, higher energy security and greater on the line from both the end points. From each end, the first employment. point is at a distance of 1 cm from the end, the second point is at a distance of 2 cm from the first point and the third point 15. According to the passage, which of the following would help is at a distance of 3 cm from the second point and so on. If the in the mitigation of greenhouse gases? points on the ends are not counted and the common points 1. Reducing the consumption of meat are counted as one, what is the number of points ? 2. Rapid economic liberalization (a) 10 (b) 12 3. Reducing the consumerism (c) 14 (d) 16 4. Modern management practices of livestock. 23. If Sohan, while selling two goats at the same price, makes a Select the correct answer using the code given below: profit of 10% on one goat and suffers a loss of 10% on the (a) 1, 2 and 3 (b) 2, 3 and 4 other. (c) 1 and 3 only (d) 2 and 4 only (a) he makes no profit and no loss. 16. Why do we continue to depend on the fossil fuels heavily? (b) he makes a profit of 1%. 1. Inadequate technological development. (c) he suffers a loss of 1%. 2. Inadequate funds for research and development. (d) he suffers a loss of 2%. 3. Inadequate availability of alternative sources of energy. 24. Out of a total of 120 musicians in a club, 5% can play all the Select the correct answer using the code given below: three instruments, guitar, violin and flute. It so happens that (a) 1 only (b) 2 and 3 only the number of musicians who can play any two and only two (c) 1 and 3 only (d) 1, 2 and 3 of the above instruments is 30. The number of musicians who 17. According to the passage, how does the mitigation of greenhouse can play the guitar alone is 40. What is the total number of gases help us? those who can play violin alone or flute alone ? 1. Reduces expenditure on public health (a) 45 (b) 44 2. Reduces dependence on livestock (c) 38 (d) 30 3. Reduces energy requirements 25. Six identical cards are placed on a table. Each card has number 4. Reduces rate of global climate change ‘1’ marked on one side and number ‘2’ marked on its other Select the correct answer using the code given below: side. All the six cards are placed in such a manner that the (a) 1, 2 and 3 (b) 1, 3 and 4 number ‘1’ is on the upper side. In one try, exactly four (neither (c) 2, 3 and 4 (d) 1 and 4 only more nor less) cards are turned upside down. In how many 18. What is the essential message of the passage? least number of tries can the cards be turned upside down (a) We continue to depend on fossil fuels heavily such that all the six cards show number ‘2’on the upper side? (b) Mitigation of the greenhouse gases is imperative (a) 3 (b) 5 (c) We must invest in research and development (c) 7 (d) This cannot be achieved (d) People must change their lifestyle 19. There are 50 students admitted to a nursery class. Some students Directions for the following 8 (eight) items: Read the following can speak only English and some can speak only Hindi. 10 two passages and answer the items that follow each passage. students can speak both English and Hindi. If the number of Your answers to these items should be based on the passages students who can speak English is 21, then how many students only. can speak Hindi, how many can speak only Hindi and how many can speak only English?

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 83 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

Passage – 1 29. With reference to the passage, the following assumptions have The Himalayan ecosystem is highly vulnerable to damage, both been made : due to geological reasons and on account of the stress caused by 1. To maintain natural ecosystems, exploitation of natural increased pressure of population, exploitation of natural resources resources should be completely avoided. and other related challenges. These aspects may be exacerbated 2. Not only anthropogenic but also natural reasons can due to the impact of climate change. It is possible that climate adversely affect ecosystems. change may adversely impact the Himalayan ecosystem through 3. Loss of endemic diversity leads to the extinction of increased temperature, altered precipitation patterns, episodes of ecosystems. drought and biotic influences. This would not only impact the Which of the above assumptions is/are correct? very sustenance of the indigenous communities in uplands but also (a) 1 and 2 (b) 2 only the life of downstream dwellers across the country and beyond. (c) 2 and 3 (d) 3 only Therefore, there is an urgent need for giving special attention to sustain the Himalayan ecosystem. This would require conscious Passage – 2 efforts for conserving all the representative systems. Further, it It is often forgotten that globalization is not only about policies on needs to be emphasized that the endemics with restricted international economic relationships and transactions, but has distribution, and most often with specialized habitat requirements, equally to do with domestic policies of anation. Policy changes are among the most vulnerable elements. In this respect the necessitated by meeting the internationally set conditions (by Himalayanbiodiversity hotspot, with rich endemicdiversity, is WTOetc.) of free trade and investment flows obviously affect vulnerable to climate change. The threats include possible loss of domestic producers and investors. But the basic philosophy genetic resources in ecosystem services. Therefore,conservation underlying globalization emphasizes absolute freedom to markets of endemic elements in representative ecosystem/habitats assumes to determine prices and production and distribution patterns, and a great significance while drawing conservation plans for the region. view government interventions as processes that create distortions Towards achieving the above, we will have to shift toward and bring in inefficiency. Thus, public enterprises have to be contemporary conservation approaches, which include a paradigm privatized through disinvestments and sales; sectors and activities of landscape level interconnectivity between protected area hitherto reserved for the public sector have to be opened to the systems. The concept advocates a shift from the species-habitat private sector. This logic extends to the social services like education focus to an inclusive focus on expanding the biogerographic range and health. Any restrictions on the adjustments in workforce by so that natural adjustments to climate change can proceed without way of retrenchment of workers should also be removed and exit being restrictive. should be made easier by removing any restrictions on closures. Employment and wages should be governed by free play of market 26. Consider the following statements : According to the passage, forces, as any measure to regulate them can discourage investment the adverse impact of climate change on an ecosystem can be and also create inefficiency in production. Above all, in line with a the overall philosophy of reduction in the role of the State, fiscal 1. permanent disappearance of some of its flora and fauna. reforms should be undertaken to have generally low levels of taxation 2. permanent disappearance of ecosystem itself. and government expenditure should be kept to the minimum to Which of the statements given above is/are correct? abide by the principle of fiscal prudence. All these are policy (a) 1 only (b) 2 only actions on the domestic front and are not directly related to the (c) Both 1 and 2 (d) Neither 1 nor 2 core items of the globalization agenda, namely free international 27. Which one of the following statements best implies the need flow of goods and finance. to shift toward contemporary conservation approach? (a) Exploitation of natural resources causes a stress on the 30. According to the passage, under the globalization, government Himalayan ecosystem. interventions are viewed as processes leading to (b) Climate change alters precipitation patterns, causes (a) distortions and inefficiency in the economy. episodes of drought and biotic interference. (b) optimum use of resources. (c) The rich biodiversity, including endemic diversity, makes (c) more profitability to industries. the Himalayan region a biodiversity hotspot. (d) free play of market forces with regard to industries. (d) The Himalayan biogeographic region should be enabled 31. According to the passage, the basic philosophy of globilization to adapt to climate change smoothly. is to 28. What is the most important message conveyed by the passage? (a) Give Absolute Freedom to Producers to determine prices (a) Endemism is a characteristic feature of Himalayan region. and production (b) Conservation efforts should emphasize on biogeographic (b) Give Freedom to producer to evolve distribution pattern ranges rather than on some species or habitats (c) Give absolue freedom to markets to determine prices (c) Climate change has adverse impact on the Himalayan production and employment ecosystem (d) Give freedom to producer to export and import (d) Without Himalayan ecosystem, the life of the 32. According to the passage which of the is/are are ensuring for communities of uplands and downstreams will have no globalization sustenance. 1. Privatization for public enterprizes 2. Expansionary policy of public expenditure

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 84 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

3. Free play to market forces to determine wages and The difference in the mean aggregate percentage marks of the employment students is 4. Privatization of social services like education and health (a) 2.5 % (b) 13.75% Select the correct answer using the code given below (c) 1.25 % (d) Zero (a) 1 Only (b) 2 and 3 only 39. Examine the following figure (c) 1,3 and 4 (d) 2,3 and 4 33. According the passage in the process of the globalization the state should have (a) Expenditure role (b) Reducing role (c) statutory role (d) none of the above Direction for the following four items(4) The following graph shows the average profit of the two fruit-sellers A and B in thousand per year from the year 1995 to 2000.consider the graph and answer the four items that follow : Which one of the Following figure has been embedded in it?

40. Consider the following matrix :

34. In which year is the avarage profit is of A and B same? (a)1995 (b)1996 (c)1997 (d)1998 35. What is the difference between Average profit betwwen A and B in the year 1998 (a) Rs 100 (b) Rs 1000 Which one of the following figures fits into the blank part of (c) Rs 600 (d) Rs 300 the above matrix ? 36. How much more Average profit did A make in the year 2000 than in the year 1999? (a) Rs 200 (b) Rs 1000 (c) Rs 1500 (d) Rs 2000 37. What is the trend of the average profit of B from the year 1997 to the year 2000 ? (a) Non – increasing (b) Non – decreasing (c) Steady (d) Fluctuating 38. The following table shows the marks obtained by two students in different subjects :

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 85 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

41. The following table gives population and total income of a city for four years :

(a) 3 (b) 6 (c) 9 (d) 18 45. Consider the following figures:

Which one of the following statements is correct in respect of the above data ? (a) Population increased by 5% or more every year. (b) Income increased by 10% or more every year. (c) Per capita income was always above Rs. 5,000. Change in positions of beads in the four figures above follows (d) Per capita income was highest in 1994. a sequence. Following the same sequence, which of the fig- 42. Consider the table given below in which the numbers bear ures below should appear as the fifth figure above ? certain relationship among themselves along the rows :

Which one of the following numbers is the missing number indicated above by X ? (a) 19 (b) 15 (c) 14 (d) 8 43. Consider the following matrix with one empty block in the lower extreme corner? 46. A bell rings every 18 minutes. A second bell rings every 24 minutes. A third bell rings every 32 minutes. If all the three bellsring at the same time at 8 o’clock in the morning, at what other time will they all ring together? (a) 12 : 40 hrs (b) 12 : 48 hrs (c) 12 : 56 hrs (d) 13 : 04 hrs 47. “Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage, stamps, a day’s labour, the rent of houses, etc. were to double. Prices then would certainly rise, but values of all things except one would not.” The writer wants to say that if prices of all things were doubled Which of the following figures could fit in the empty block (a) the values of all things would remain constant. and thus complete the matrix ? (b) the values of the things sold would be doubled. (c) the values of the things bought would be halved. (d) the value of money only would be halved.

44. With reference to the figure given below, the number of differ- ent routes from S to T without retracing from U and / or V, is B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 86 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

48. A and B decide to travel from place X to place Y by bus. A has 52. The apologists of the “Free Market System”, according to the Rs. 10 with him and he finds that it is 80% of the bus fare for passage, believe in two persons. B finds that he has Rs. 3 with him and hands it (a) market without control by government authorities. over to A. In this context, which one of the following statements (b) market without protection by the government is correct ? (c) ability of market to self correct (a) Now the money A has is just enough to buy two tickets. (d) market for free goods and services (b) A still needs Rs. 2 for buying the tickets. 53. With reference to “ideological bias”, the passage implies that (c) After buying the two tickets A will be left with 50 paise. (a) free market is fair but not competent. (d) The money A now has is still not sufficient to buy two (b) free market is not fair but competent. tickets. (c) free market is fair and competent. 49. As per agreement with a bank, a businessman had to refund a (d) free market is neither fair nor biased. loan in some equal installments without interest. After paying 54. “The exercise of private greed will be in the larger public 18 installments he found that 60 percent of his loan was interest” from the passage refunded. How many installments were there in the 1. refers to the false ideology of capitalism. agreement? 2. underlies the righteous claims of the free market. (a) 22 (b) 24 3. shows the benevolent face of capitalism. (c) 30 (d) 33 4. ignores resultant gross inequity. 50. A worker reaches his factory 3 minutes late if his speed from Which of the statements given above is/are correct ? his house to the factory is 5 km/hr. If he walks at a speed of 6 (a) 1 only (b) 2 and 3 km/hr, then he reaches the factory 7 minutes early. The distance (c) 1 and 4 (d) 4 only of the factory from his house is (a) 3 km (b) 4 km Passage – 2 (c) 5 km (d) 6 km Net profits are only 2·2% of their total assets for central public 51. “Liberty, therefore, is never real unless the Government can sector undertakings, lower than for the private corporate sector. be called to account when it invades rights.” While the public sector or the State-led entrepreneurship played Which one of the following is the best justification of the an important role in triggering India’s industrialization, our evolving above statement ? development needs, comparatively less-than-satisfactory (a) In the realisation that the government can be brought to performance of the public sector enterprises, the maturing of our book in a court of law. private sector, a much larger social base now available for expanding (b) In identifying a man as a political unit in a way which entrepreneurship and the growing institutional capabilities to distinguishes him from other citizens enforce competition policies would suggest that the time has come (c) In a decentralized society where in the basic needs of to review the role of public sector. What should the portfolio men can find satisfaction composition of the government be ? It should not remain static all (d) In the understanding that liberty and restraints are times. The industry works well as a purely private affair. At complementary. the opposite end, rural roads, whose sparse traffic makes tolling unviable, have to be on the balance-sheet of the State. If the Directions for the following 7 (seven) items: Read the following government did not own rural roads, they would not exist. Similarly, two passages and answer the items that follow each passage. public health capital in our towns and cities will need to come from Your answers to these items should be based on the passages the public sector. Equally, preservation and improvement of forest only cover will have to be a new priority for the public sector assets. Passage – 1 Take the example of steel. With nearzero tariffs, India is a globally Many nations now place their faith in capitalism and governments competitive market for the metal. Indian firms export steel into the choose it as thestrategy to create wealth for their people. global market, which demonstrates there is no gap in technology. Thespectacular economic growth seen in Brazil,China and India Indian companies are buying up global steel companies, which after the liberalization of their economics is proof of its enormous shows there is no gap in capital availability. Under these potentialand success. However, the global bankingcrisis and the conditions,private ownership works best. Private ownership is economic recession have left many bewildered. The debates tend clearly desirable in regulated industries, ranging from finance to to focus on free market operations and forces, their efficiency and infrastructure, where a government agency performs the function their ability for self correction. Issues of justice, integrity and of regulation and multiple competing firms are located in the private honesty are rarely elaborated to highlight the failure of the global sector. Here, the simple and clean solution – government as the banking system. The apologists of the system continue to justify umpire and the private sector as the players is what works best. In the success of capitalism and argue that the recent crisis was a blip. many of these industries, we have a legacy of government Their arguments betray an ideological bias with the assumptions ownership, where productivity tends to be lower, fear of that an unregulated market is fair and competent, and that bankruptcy is absent, and the risk of asking for money from the tax theexercise of private greed will be in the larger public interest. payer is ever present. There is also the conflict of interest between Few recognize the bidirectional relationship between capitalism government as an ownerand as the regulator. The formulation and and greed; that each reinforces the other. Surely, a more honest implementation of competition policy will be more vigorous and conceptualisation of the conflicts of interest among the rich and fair if government companies are out of action. powerful players who havebenefited from the system, their biases and ideology is needed; the focus on the wealth creation should B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 87 Leading Institute for Banking, Railway & SSC also highlight the resultant gross inequity. Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

55. According to the passage, what is/are the reason/reasons for 61. The letters L, M, N, O, P, Q, R, S and T in their order are saying that the time has come to review the role of public substituted by nine integers 1 to 9 but not in that order. 4 is sector ? assigned to P. The difference between P and T is 5. The 1. Now public sector has lost its relevance in the difference between N and T is 3. What is the integer assigned industrialization process. to N? 2. Public sector does not perform satisfactorily. (a) 7 (b) 5 3. Entrepreneurship in private sector is expanding. (c) 4 (d) 6 4. Effective competition policies are available now. 62. The number of deaths among the army personnel is 8 in 1000, Which of the statements given above is/are correct in the given but among the civilian population it is 20 per 1000. Which context ? one of the following inferences can be drawn from this (a) 1 and 3 only (b) 2 only statement? (c) 2, 3 and 4 only (d) 1, 2, 3 and 4 (a) It is better to join the army. 56. According to the passage, rural roads should be in the domain (b) The relationship is fortuitous. of public sector only. Why ? (c) Quality of Life Index is very high within the armed forces. (a) Rural development work is the domain of government (d) The groups cannot be compared due to their heterogeneity. only. 63. Given the statement : “Buses are the cause of more accidents (b) Private sector cannot have monetary gains in this. than cars, and trucks cause fewer accidents than buses”, which (c) Government takes money from tax payers and hence it of the following conclusions can we draw? is the responsibility of government only. (a) There are more buses on the road than trucks. (d) Private sector need not have any social responsibility. (b) Car drivers are more careful than bus drivers. 57. The portfolio composition of the government refers to (c) Truck drivers are more skilled than either car or bus drivers. (a) Public sector assets quality. (d) None of the above (b) Investment in liquid assets. 64. “If political leadership fails to emerge, there is likelihood of (c) Mix of government investment in different industrial military taking over power in developing countries. Radical sectors. studentgroups or labour may try to raise revolution but they (d) Buying Return on Investment yielding capital assets. are not likely to compete with the military. Military 58. The author prefers government as the umpire and private intervention, rule, and withdrawal from politics is closely sector as players because related to a society’s level of political development”. In the (a) Government prescribes norms for a fair play by the price context of political development, the assumption in the above sector. passage is that (b) Government is the ultimate in policy formulation. (a) political leadership is not an effective instrument. (c) Government has no control over private sector players. (b) military fills in political vacuum. (d) None of the above statements is correct in this context. (c) military intervention is inevitable for development. 59. A question paper must have a question on one of the eight (d) None of the above poets: A, B, C, D, E, F, G or H. The first four belong to the 65. Four persons, Alok, Bhupesh, Chander and Dinesh have a medieval period while the rest are considered modern poets. total of Rs. 100 among themselves. Alok and Bbupesh between Generally, modern poets figure in the question paper in alternate them have as much money as Chander and Dinesh between years. Generally those who like H like G also; and those who them, but Alok has more money than Bhupesh; and Chander like F like E also. The paper-setter does not like to ask about has only half the money that Dinesh has. Alok has in fact Rs. F as he has written a book on F, but he likes F. Last year, the 5 more than Dinesh has. Who has the maximum amount of paper contained a question on A. On the basis of the money? (a) Alok (b) Bhupesh information given, this year’s paper is most likely to contain a question on (c) Chander (d) Dinesh (a) C (b) E 66. Examine the following statements : (c) F (d) H 1. George attends Music Classes on Monday. 60. In a group of six women there are four dancers, four vocal 2. He attends Mathematics classes on Wednesday. musicians, one actress and three violinists. Girija and Vanaja 3. His Literature classes are not on Friday. are among the violinists while Jalaja and Shailaja do not know 4. He attends History classes on the day following the day how to play on the violin. Shailaja and Tanuja are among the of his Mathematics classes. dancers. Jalaja, Vanaja, Shailaja and Tanuja are all vocal 5. On Tuesday, he attends his Sports classes. musicians and two of them are also violinists. If Pooja is an If he attends just one subject in a day and his Sunday is free, actress, who among the following is certainly a dancer and a then he is also free on violinist ? (a) Monday (b) Thursday (a) Jalaja (b) Pooja (c) Saturday (d) Friday (c) Shailaja (d) Tanuja

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 88 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] MAGAZINE FOR THE MONTH OF NOVEMBER - 2015

67. In a row ‘A’ is in the 11th position from the left and ‘B’ is in of the bottom quintile of the population and also calculate the the 10th position from the right. If ‘A’ and ‘B’ interchange, growth rate of income; and evaluate our economic success in terms then ‘A’ becomes 18th from the left. How many persons are of these measures that pertain to the poorest segment. This approach there in the row other than ‘A’ and ‘B’? is attractive because it does not ignore growth like some of the (a) 27 (b) 26 older heterodox criteria did. It simply looks at the growth of income (c) 25 (d) 24 of the poorest sections of the population. It also ensures that 68. Location of B is north of A and location of C is east of A. The those who are outside of the bottom quintile do not get ignored. If distances AB and AC are 5 km and 12 km respectively. The that were done, then those people would in all likelihood drop shortest distance (in km) between the locations B and C is down into the bottom quintile and so would automatically become (a) 60 (b) 13 a direct target of our policies. Hence the criterion being suggested (c) 17 (d) 7 here is a statistical summing up of the idea of inclusive growth, 69. Two cars start towards each other, from two places A and B which, in turn, leads to two corollaries: to wish that India must which are at a distance of 160 km. They start at the same time strive to achieve high growth and that we must work to ensure that 08 : 10 AM. If the speeds of the cars are 50 km and 30 km per the weakest segments benefit from the growth Read the passage hour respectively, they will meet each other at given below and answer the items that follow. A, B, C, D, E, F are (a) 10 : 10 AM (b) 10 : 30 AM members of a family. They are engineer, stenographer, doctor, (c) 11 : 10 AM (d) 11 : 20 AM draughtsman, lawyer and judge (not in order). A, the engineer is 70. If the 3rd day of a month is Monday, which one of the following married to the lady stenographer. The judge is married to the lawyer. will be the fifth day from 21st of this month? F, the draughtsman is the son of B and brother of E. C, the lawyer (a) Monday (b) Tuesday is the daughter-inlaw of D. E is the unmarried doctor. D is the (c) Wednesday (d) Friday grandmother of F. There are two married couples in the family. 71. For a charity show, the total tickets sold were 420. Half of these tickets were sold at the rate of Rs. 5 each, one-third at 72. What is the profession of B? the rate of Rs. 3 each and the rest for Rs. 2 each. What was the (a) Judge (b) Lawyer total amount received? (c) Draughtsman (d) Cannot be determined (a) Rs. 900 (b) Rs. 1,540 73. Which of the following is/are a couple/couples? (c) Rs. 1,610 (d) Rs. 2,000 (a) AD only (b) BC only (c) Both AD and BC (d) Both AC and BD Directions for the following 3 (three) items : Directions for 74. What is the profession of D? the following 5 (five) items Read the following two passages (a) Judge (b) Stenographer and answer the items that follow each passage. Your answers (c) Doctor (d) Cannot be determined to these items should be based on the passages only.

Passage – 1 In recent times, India has grown fast not only compared to its own  past but also in comparison with other nations. But there cannot be any room for complacency because it is possible for the Indian EXPLANATION economy to develop even faster and also to spread the benefits of this growth more widely than has been done thus far. Before going 1. (c) 2. (c) 3. (d) 4. (b) 5. (a) into details of the kinds of micro-structural changes that we need 6. (c) 7. (d) 8. (c) 9. (c) 10. (b) to conceptualize and then proceed to implement, it is worthwhile 11. (a) 12. (c) 13. (b) 14. (c) 15. (c) elaborating on the idea of inclusive growth that constitutes the 16. (a) 17. (d) 18. (b) 19. (d) 20. (b) defining concept behind this Government’s various economic 21. (b) 22. (b) 23. (c) 24. (b) 25. (a) policies and decisions. A nation interested in inclusive growth views 26. (a) 27. (d) 28. (b) 29. (b) 30. (a) the same growth differently depending on whether the gains of the 31. (c) 32. (c) 33. (b) 34. (b) 35. (c) growth are heaped primarily on a small segment or shared widely 36. (d) 37. (b) 38. (c) 39. (c) 40. (b) by the population. The latter is cause for celebration but not the 41. (c) 42. (d) 43. (a) 44. (d) 45. (b) former. In other words, growth must not be treated as an end in 46. (b) 47. (d) 48. (c) 49. (c) 50. (c) itself but as an instrument for spreading prosperity to all. India’s 51. (a) 52. (c) 53. (c) 54. (a, c) 55. (c) own past experience and the experience of other nations suggests 56. (b) 57. (c) 58. (a) 59. (b) 60. (d) that it is not a sufficient condition. In other words, policies for 61. (d) 62. (d) 63. (d) 64. (b) 65. (a) promoting growth need to be complemented with policies to ensure 66. (d) 67. (c) 68. (b) 69. (a) 70. (c) that more and more people join in the growth process and, further, 71. (c) 72. (a) 73. (c) 74. (b) that there are mechanisms in place to redistribute some of the gains to those who are unable to partake in the market process and, hence, get left behind. A simple way of giving this idea to inclusive  growth a sharper form is to measure a nation’s progress in terms of the progress of its poorest segment, for instance the bottom 20 per cent of the population. One could measure the per capita income

B – 61 A & B, Saheed Nagar & Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar 89 Leading Institute for Banking, Railway & SSC Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] VANIK PROVIDES

Well Equipped Classroom Vanik’s Recent Selections Centralized A/C Counseling with Central A/C Fully Wi-Fi Enabled Lab

Library With Well Developed & Experienced & Dedicated Faculties Exam Oriented Study Material Interview Grooming Session Food Court Let’s Join & Maximize Your Knowledge...

WHY YOU SHOULD JOIN VANIK INSTITUTE FOR “BANKING, RAILWAY AND SSC”

1. BEST FACULTY OF INDIA FOR CLASSES COMPARE TO ALL OTHER EXAMPLE : APTITUDE-6 VOL, REASONING-4 VOL , ENGLISH-3VOL, INSTITUTE. COMPUTER-2 VOL, BANKING AWARENESS-2 VOL, MARKETING-2 2. Highest no of hours in every subject for better understanding. Total VOL, CURRENT AFFAIR : DAILY SHEET, 6 NOS MONTHLY MAGAZINE hours for banking - 400+HRS (6 MONTHS DAILY 2 ½ HRS CLASS ) ,2 NOS HALF YEARLY MAGAZINE , PREVIOUS YEAR PAPERS OF - IBPS AND SSC - 550+ HRS (6 MONTH DAILY 5 HRS CLASS ) PO, IBPS CLERK, SBI PO, SBI CLERK, PRACTICE PAPERS FOR EXAMPLE : APTITUDE-80HRS, REASONING-70HRS, ENGLISH-70HRS, UPCOMING EXAMS COMPUTER-40HRS, BANKING AWARENESS-30HRS, MARKETING-30HRS, FOR SSC students extra volume of materials and General study material CURRENT AFFAIRS-50HRS, GENERAL STUDIES-120HRS (HISTORY, (HISTORY, GEOGRAPHY, POLITY, LIFE SCIENCE, ECONOMICS, PHYSICS & GEOGRAPHY, POLITY, LIFE SCIENCE, ECONOMICS, PHYSICS & CHEMISTRY ) CHEMISTRY) 3. Separate vocabulary class (1000 - BANKING AND 1500 WORDS - SSC ) 15. Interview classes , mock interview with video recording and analysis 4. Separate traditional GK class for easily remember GK in the class 16. Personal development and group discussion class itself. (50 hrs) 17. Weekly 3 online mock test of upcoming exams with discussion. 5. Time to Time motivational class and classes how to crack the exam by (MTD- MOCK TEST & DISCUSSION our experts. 18. Unlimited online practice tests as per your choice (MCT - MY CHOICE 6. Daily Doubt clearing classes . TEST ) 7. Different technique of teaching style for easy understanding 19. Separate online test subject wise and topic wise test ( SBT - SUBJECT 8. Daily class test of every class after the class BASED TEST AND TBT - TOPIC BASED TEST ) 9. Weekly test of weekly covered topics of all subjects 20. Hostel (both boys and ladies separately) 10. Class room assignment practice and discussion of every topic in class 21. In campus canteen facility it self 22. Largest Campos with modern infrastructure compare to all other 11. Daily current affair handouts before the class institute at bhubaneswar 12. Weekly current affair class with weekly C/A question discussion class. 23. 24 hrs study room for self study 13. Best material with work book for practice more question at home 24. Modern computer lab with wi- fi campus 14. Highest no of material. Total -25+ VOLUMES FOR BANKING AND 30+ 25. HIGHEST LEVEL OF SUCCESS RATE VOLUMES FOR SSC STUDY MATERIAL KIT (Total 25 Volumes)

MONTHLY ISSUE - SEPTEMBER - 2015 MARKETING

Reasoning Vanik’s APTITUDE V V V ENGLISH V A A A A N N N N I I I I K K K Current Affairs K COMPUTER APTITUDE BANKING Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU COMPUTER for Bank PO for Bank PO & Clerical for Bank PO R E A S O N I N G for Bank PO Awareness Bank PO & Clerical MARKETING Bank PO y & SSC If you Fail, never give up because F.A.I.L Railway & SSC Bank PO & Clerical | SSC & Railway Railwa Bank PO & Clerical ENGLISH Current Affairs for means “FIRST ATTEMPT IN LEARNING” Bank PO & Clerical Bank PO & Clerical End is not the end, if fact E.N.D. for , Clerical & Bank PO , Clerical & , Clerical & , Clerical & means “EFFORT NEVER DIES”

If you get No as an answer, remember N.O. General Awareness Banking Awareness means “NEXT OPPORTUNITY” , Clerical & Dr. Avul Pakir Jainulabdeen Abdul Kalam (15th October 1931 - 27th July 2015) All Other Competitive Examinations All Other Competitive Examinations All Other Competitive Examinations All Other Competitive Examinations All Other Competitive Examinations All Other Competitive Examinations R.I.P Missile Men to People’s President

World Longest Service Foreign Minister passed away Assignment - I Assignment - II New (Class Room Practice) (Home Work Practice) Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples OPSC OCS-2015 Assignment - I Assignment - II Assignment - I Assignment - II Assignment - I Assignment - II Special Volume-1 (Class Room Practice) (Home Work Practice) Topicwise Theory with Solved Examples Assignment - I Assignment - II (Class Room Practice) (Home Work Practice) Assignment - I Assignment - II Vanik’s Page 200 Updated MCQs 100 One Liners Analysis of the Syllabus (Class Room Practice) (Home Work Practice) (Class Room Practice) (Home Work Practice) (Class Room Practice) (Home Work Practice) 40 MCQs on Computers 100 GK for SSC & Railway Two Practice Set for IBPS-PO (Preliminary) Vanik’s Knowledge Garden One Practice Set for IBPS-PO (Main)

Leading Institute for Banking, Railway & SSC SSC-CGL (Previous Year Paper) Leading Institute for Banking, Railway & SSC Leading Institute for Banking, Railway & SSC Leading Institute for Banking, Railway & SSC Leading Institute for Banking, Railway & SSC P u b l i c a t i o n s P u b l i c a t i o n s Leading Institute for Banking, Railway & SSC P u b l i c a t i o n s P u b l i c a t i o n s P u b l i c a t i o n s P u b l i c a t i o n s Leading Institute for Banking, Railway & SSC P u b l i c a t i o n s Monthly Updated Current Affairs unctions New Committees & its F Awards & Honours Events of the month Games & Sports Date and Observations onomy & Banking Important Index Ec s Recent MOU echnology Famous Personality Science & T Books & Authors Famous Places Bank PO Clerical Railway SSC

VA N I K C R P F C E N T R E VA N I K S A H E E D N A G A R C E N T R E COURSES OFFERED: COURSE FEATURES: ONLINE TEST @ HOME Subjectwise Weekly Test Classroom Study Course Study room for self study Rs. 150/- Rs. 250/- Rs. 350/- Rs. 500/- Postal Study Course Daily Current Affair Handouts 1 Month 3 Months 6 Months 12 Months Topicwise Daily Test SSC/Railway Tech. Course Separate Vocabulary Class 1. 12 Ongoing Test in Alternative Days Online Test & Discussion Experienced Faculties 2. 100 Practice Test & All Previous Year Test Subjectwise Improvement Free Magazine for Students 3. Current Affairs Classes free at Institute Wi-Fi Campus Lab Free GD/ Interview Guidance Daily Doubt Clearing Class Online Test & Discussion Regular Classroom Course Features & Facilities Features Facility CONGRATULATIONS Hard Copy of Test & Explanation CENTRES India’s best faculty Doubt clear after the class Library - 7am to 9pm CRP & Saheed Nagar to VANIK Team Best study material (25nos.) A/C Classroom Weekly 3 Test & 3 Discussion Online test and discussion Highest no. of class (550hr.) Test Discussion by 5 Faculties Current Affairs Handout Now more than Class room workbook Daily current affair hardcopy Weekly C/A Test & Discussion Current Affairs Class Attend 1 Free Subject-wise Class Available Monthly Magazine students are in Vanik Daily test and discussion Current Affairs Class Centralized A/C Lab with Wi-Fi Demo Test 1000 Weekly test and discussion Hostel Facility (Boys & Girls) Scholarship for Toppers Individual Doubt Clear Online Test & Discussion Unique concept of schedule Library Facility Thanks to all the students for their appreciation VANIK STUDENTS SELECTION

DILLIP SAMAL RAJENDRA SAHOO RASHMI BISWAL SUSANGITA DASH BISWANATH SINGH ABINASH JENA SREELEKHA SWAIN DEEPAK KU. NAYAK DEBI PRASAD PADHY ALINA SHARMA CO.OP.BANK PNB & SBI-PO SBI-PO LIC SSC POSTAL SBI MYSORE SBI-HYDERABAD SBI MYSORE SBI-HYDERABAD

RAHUL KAPOOR SANTOSH K. DAS ADITYA P. MOHAPATRA SWARNALATA BEHERA SUSHREE PRIYADARSHINI INDRAJIT UPADHAYA MANOJ K. BISWAL SUMEET SHARMA ASIS PANDA SANKAR MISHRA SYNDICATE BANK-PO UCO BANK BANK OF INDIA SYNDICATE BANK UCO BANK SYNDICATE BANK KAR. BANK-PO & CLERK BOI-PO VIJAYA BANK-PO SYNDICATE BANK KARNATAKA BANK

Leading Institute for Banking, Railway & SSC P u b l i c a t i o n s Corporate Office : Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar Ph : 0674-6556677, 8093-556677 Web : www.vanik.org, E-mail : [email protected] Price : `40