WWW.CAREERPOWER.IN & WWW.BANKERSADDA.COM From the Editor’s Desk Dear Readers, Bankers Adda in collaboration with Career Power brings to you Competition Power. The reason why this collaboration is so important and a landmark event as both BA and Career Power has had a long and extremely successful association with students appearing for competitive exams. This magazine includes various initiatives that cover various aspects of Banking and SSC exams in an exhaustive manner. Keeping in mind the upcoming exams, we have covered Current Affairs for not only the month of January but also for the month of December under the name “Current Affairs Zinger”. To make learning easy for the students we have also introduced another initiative by the name "NEWS MAKER OF THE MONTH" which covers all the important people, appointments, awards, etc that have made news. Having covered the GK and CA portion in an exhaustive manner, we have also given equal importance and focus to the other subjects of the exams, be it Reasoning, Quant, English, Banking, Computers, Advanced Maths, Interview Preparation or Guidance and boosting the confidence of students. We have also given Mock Papers on Syndicate Manipal PO, LIC AAO and SSC CGL for practice for our readers, so that they can increase their speed and accuracy. This edition of Magazine also includes a new series named “Twisted Ones” which will have questions with higher difficulty level. We believe that each and every student has the hidden potential to reach the unattainable heights, and it is our responsibility to provide them with a platform that hones their skills enabling them to overcome each and every challenge that comes their way while appearing for these exams. Having said this I would like to give special thanks to the specialized mentors of Bankers Adda and Career Power team for providing us with the needed support and making this magazine a success. Good Luck And God Bless Team Competition Power !! WHAT’S THERE? Motivational Artilces | 2,67 NEWSMAKERS OF THE MONTH | 3-6 Current Affairs January | 14 Success Stories | 7, 69 PADMA AWARDS 2016 | 12-13 Tips for Banking Interview | 8-13 CURRENT AFFAIRS | 14-48 India In News | State In News | News From The Banking Sector News GK Hindu Review : January | 70 Related To Indian Economy | Business News | Agreement | Mou Signed Current Affairs Zinger | 81 | Committees In News | Handy Notes : Ranks And Reports | Pm Visits | New Appointments | Obituaries | - Time & Distance | 49-50 Awards | Defence | Sports News & more - Gerunds | 54 - Lines and Angles | 55-58 - Sitting Arrangement | 60-62 MOCK PAPERS | 98-148 - Small & Payment Banks | 63-64 SSC CGL-2016 Practice Paper | - Input Devices (Computers) | 65-66 RRB 2016 (Railways) Practice Paper | Civics Trickky Notes | 80 LIC AAO Practice Paper | Current Affairs Practice Set Twisted Ones | 87-91 Syndicate Manipal Bank PO Practice Paper 2016 All About RRB (Railways) 2016 Job Profile | 95 th Volume No. -1 March 2016 Issue-5 Published and Printed by Anil Nagar Published at 705-706, 7 Floor, Roots Tower, Chief Editor: Sumit Kr. Yadav COMPETITIONOn behalf of Metis Eduventures POWER Pvt. – Ltd. MARCH Laxmi 2016 Nagar District Centre, Delhi-922 Editor : Gopal Anand Printed at All Time Offset Printer, Email: [email protected] Relationship Officer: Ashutosh Mishra E-53, Sector-7, NOIDA (U.P.) Website: www.bankersadda.com & Contact No: 8750069931 www.careerpower.in WWW.CAREERPOWER.IN & WWW.BANKERSADDA.COM MOTIVATIONAL - TIME TO FACE YOUR FEARS Fear a four letter word but when catches up with us... it fact that we are alive today is in itself a blessing in creates a havoc in our minds which then transfers into disguise...something to be excited about, something to every inch of our cherish and celebrate with the task in hand!! What would body. It makes us be our lives like if we lived each day like it was our last!! shiver, takes away worked like we needed to give a return gift to life for the our ability to think gift of TODAY!! must decide whether you have come here rationally. All in all to experience life or to avoid life Just think about it... Fear ruins more bright lives much So let us all promise to ourselves to daily practice this more than we might philosophy of being excited about our work, about imagine. Each of us relationships with our loved ones, experiences that life faces different kinds of fear..like whether we will get a throws at us absorbing all we can from it even if it failure. bank job, will we be able to give right answers in the Remember failure is not the end of life merely a stepping interview, fear about the uncertainty in the future....so on stone. ! and so forth!! Jaan Hai To Jahaan Hai!! Each of us, by virtue of our very human nature, has the potential to lead and achieve great things that elevate "The brave man is not he who does not feel afraid, but he everyone around us. But the chattering voice of fear in our who conquers that fear." heads stop us from playing big. It robs us of our energy, --Nelson Mandela our dreams and our opportunity for redemption. They are very much like rubber bands flinging us back and forth into our comfort zones the moment we try and expand the So lets go out there and face your fears! possibilities. So why does this fear do what it does?? Our fears are indeed horrible figments of our imaginations, much like dreams — seemingly real, yet completely fictional occurrences taking shape within our minds. So our suffering is always about that which does not exist, simply because we are not rooted in reality, we are always rooted in our mind and in our imagination. If we were rooted in reality, there would be no fear. Our fear is always about what’s going to happen next (whether we will make it in life, fear of failure, will I be appreciated by people). Just think about it we people are always suffering from either what happened yesterday(mistakes we might have made, something we might have achieved, people we might have met, discussions we might have had) or what may happen tomorrow , so basically in this process of past and future, we forget to live TODAY i.e. the PRESENT!!Today comes to us with so much beauty and hope, an opportunity that we often forget to cease. The COMPETITION POWER – MARCH 2016 3 WWW.CAREERPOWER.IN & WWW.BANKERSADDA.COM NEWS MAKERS OF THE MONTH – JANUARY 2016 The Pm’s Start Up Initiative Launched On 3. Register through app : An online portal, in the shape of 16th January a mobile application, will be launched to help start-up founders to easily register. The app is scheduled to be launched on April 1. 4. Patent protection : A fast-track system for patent examination at lower costs is being conceptualised by the central government. The system will promote awareness and adoption of the Intellectual Property Rights (IPRs) by the start-up foundations. 5. Rs 10,000 crore fund : The government will develop a fund with an initial corpus of Rs 2,500 crore and a total Prime Minister Narendra Modi launched Start-up India corpus of Rs 10,000 crore over four years, to support initiative to begin startup ecosystem in the country. The upcoming start-up enterprises. The Life Insurance initiative was launched in New Delhi. To promote a culture Corporation of India will play a major role in developing of entrepreneurship, the government announced a slew of this corpus. A committee of private professionals selected incentives including a Rs10,000-crore corpus for from the start-up industry will manage the fund. innovation-driven enterprises, a three-year break from paying income tax on profits, a Rs500-crore per year credit 6. National Credit Guarantee Trust Company : A National guarantee mechanism, and exemption from capital gains Credit Guarantee Trust Company (NCGTC) is being tax for start-ups. After a full day of discussions at the conceptualised with a budget of Rs 500 crore per year for launch of the ‘Start-up India’ programme attended by the next four years to support the flow of funds to start- hundreds of young entrepreneurs, Prime Minister ups. Narendra Modi unveiled his government’s action plan to help entrepreneurs, and asked them to play a 7. No Capital Gains Tax : At present, investments by transformative role in India’s development. venture capital funds are exempt from the Capital Gains Tax. The same policy is being implemented on primary- He unveiled a 19-point action plan for start-up enterprises level investments in start-ups. in India & also stated that there would be no inspection of the enterprises during the first three years of the launch. 8. No Income Tax for three years : Start-ups would not pay Income Tax for three years. This policy would The 19 point action plan includes the following agendas: revolutionise the pace with which start-ups would grow in the future. 1. Self certification : The start-ups will adopt self- certification to reduce the regulatory liabilities. The self- 9. Tax exemption for investments of higher value : In case certification will apply to laws including payment of of an investment of higher value than the market price, it gratuity, labour contract, provident fund management, will be exempt from paying tax water and air pollution acts. 10. Building entrepreneurs : Innovation-related study 2. Start-up India hub : An all-India hub will be created as a plans for students in over 5 lakh schools. Besides, there single contact point for start-up foundations in India, will also be an annual incubator grand challenge to which will help the entrepreneurs to exchange knowledge develop world class incubators.