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February 2019 Vanik’s MONTHLY ISSUE FEBRUARY - 2019 Current Affairs Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU SHAKTIKANTA DAS 25th Governor of RBI (2018) Member of 15th Financial Commission (2017) Economic Affairs Secretary (2015) Revenue Secretary (2014) Fertilizers Secretary of India (2013) IAS Officer (Tamil Nadu Cadre) (1980 Batch) Born in Odisha [(1957) TOPPER’S TALK (OCS-2017) POONAM MOHAPATRA PRAYASEE PRADHAN ABHISHEK PANIGRAHI S.K SAGIR RANK-3 RANK-6 RANK-8 RANK-10 Advt. VA N I K S A H E E D N A G A R C E N T R E VA N I K C U T TA C K C E N T R E VANIK ACHARYA VIHAR CENTRE Centralized A/C Counseling Central A/C Classroom Fully Wi-Fi Enabled Lab Interview Grooming Session Food Court WHY YOU SHOULD JOIN VANIK INSTITUTE FOR “BANKING, RAILWAY AND SSC” 1. BEST FACULTY OF INDIA FOR CLASSES COMPARE TO ALL OTHER INSTITUTE. 18. Weekly Current Affairs handout separately. 2. Highest no of Classes from basic to advance level. 19. Weekly newspaper reading classes. 3. Highest no of hours in every subject for better understanding. Total hours for 20. One month free online test (MTD – Banking Test & Discussion) and six month banking - 450+HRS (6 MONTHS DAILY 2 HRS CLASS) AND SSC - 750+ HRS (6 free practice test (TBT, SBT, MCT, FPT & PPT) MONTH DAILY 4 HRS CLASS) 21. Two month free online test (MTD, VTD) and six month free practice test (TBT, SBT, MCT, FPT & PPT) 4. Separate vocabulary class (1000 - BANKING AND 2000 WORDS - SSC) (Weekly 22. Interview classes , mock interview with video recording and analysis Once) 23. Personal development and group discussion class 5. Special class for upcoming exams. 24. LARGEST ONLINE TEST PLATFORM (VOTE - VANIK ONLINE TEST AND 6. Separate traditional GK class for easy remember GK in the class itself. EXPLANATION ) Separately for Bank PO, Bank Clerk, SSC & Railway 7. Time to Time motivational class and classes how to crack the exam by our experts. 25. Weekly 3 online mock test of upcoming exams with discussion (MTD- MOCK TEST 8. Separate Doubt clearing classes , personal doubt clear with faculty. & DISCUSSION and VTD - VANIK TEST & DISCUSSION ) 9. Daily class test of every class after the class (Offline) 26. Online weekly class test of all batch (YOU CAN GIVE EVERY BATCH CLASS TEST 10. Weekly test of weekly covered topics of all subjects (Online) ONLINE (CTD- CLASS TEST & DISCUSSION 11. Monthly class test for monthly cover topics. 27. Unlimited online practice tests as per your choice (MCT - MY CHOICE TEST). 12. Class room assignment practice and discussion of every topic in class it self 28. Separate online test subject wise and topic wise test ( SBT - SUBJECT BASED TEST 13. Daily current affair handouts before the class AND TBT - TOPIC BASED TEST). 14. Weekly current affair class with weekly C/A question & test discussion class. 29. Hostel (both boys and ladies separately). 15. Best material with work book for practice more question at home. 30. In campus canteen facility. 16. Highest no of material. Total -25+ VOLUMES FOR BANKING AND 35+ VOLUMES 31. 24 hrs study room for self study FOR SSC. 32. Highest level of success rate. 17. Daily Quiz (Banking & SSC Separately). 33. Descriptive English Classes. OAS-2015 SELECTED CANDIDATES JYOTIKANTA BHUJABAL RANK-31 And Many More TRUPTI BARAI SANKALP SAHOO GOUTAM MAHALIK MANOBRATA SATPATHY SOUBHAGYA BEHERA SATYAVIKASH BHUYAN SUNITA PATI SWEEKRUTI BARPANDA KHIRABDI T. SAHOO PRATAP CH. SAHOO SOURYA RANJAN MISHRA Selections RANK-17 RANK-45 RANK-55 RANK-67 RANK-70 RANK-72 RANK-75 RANK-84 RANK-91 RANK-104 RANK-131 2 OFS-2015 SELECTED CANDIDATES TRIDEV RATH PRATIK PATTNAIK SANGRAM PARIDA SHEETAL AGARWAL GYANI MOHANTY SWETAPADMA DHAL SANJIT SUMAN RAJIV DAS PREETAM KUMAR RATH SAGARIKA SAHU TAPAS DEHURY RANK-159 RANK-174 RANK-194 RANK-199 RANK-214 RANK-267 RANK-326 RANK-352 RANK-364 RANK-403 RANK-406 SANDIP KUMAR PRUSTY SATABDI MISHRA SUBHADARSHINI MOHANTY AISHA AKHATARI NISHA SWEEKRUTI BARPANDA RANK-7 RANK-18 RANK-19 RANK-20 RANK-22 And Many And Many More Selections More SUNARAM HEMBRAM RAJESH SETHI BIJAYA TOPPO MITALI M. PATRA SURENDRA GHADAI BHANUPRIYA SABAR APARNA BHOI ASHOK MAJHI BAIDYANATH MURMU SWAGATIKA SAHOO RASHMI R. SWAIN DEBIPRASAD ROUT ADISMITA NAIK JAYASHREE MURMU Selections RANK-451 RANK-470 RANK-474 RANK-481 RANK-494 RANK-577 RANK-645 RANK-665 RANK-668 1 RANK-24 RANK-26 RANK-36 RANK-63 BANKING STUDY MATERIAL (25nos.) SSC STUDY MATERIAL (35nos.) Reasoning APTITUDE ENGLISH VANIK V V V V V VANIK A A A A A N N N N N I I I I I K K K APTITUDE BANKING K K for Bank PO & Clerical for Bank PO, Clerical & REASONING for Bank PO, Clerical & Awareness Bank PO, Clerical & y & SSC Railway & SSC Bank PO & Clerical | SSC & Railway ENGLISHRailwa Bank PO & Clerical Bank PO & Clerical Banking Awareness General Awareness All Other Competitive Examinations All Other Competitive Examinations All Other Competitive Examinations Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Topicwise Theory with Solved Examples Assignment - I Assignment - II Assignment - I Assignment - II Assignment - I Assignment - II (Class Room Practice) (Home Work Practice) Assignment - I Assignment - II (Class Room Practice) (Home Work Practice) (Class Room Practice) (Home Work Practice) (Class Room Practice) (Home Work Practice) 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 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 Message from Director Vanik Publications EDITOR Mr. Pramod Padhi ASSOCIATE EDITOR Jyoti Prakash Routray Satabdi Sagar Mohanty ADVISORS G. Khatua Dear Students, & It’s a great pleasure on our part to share the success of our students in all Team R & D VANIK most all the competitive exams for which is providing guidance. Looking PUBLISHING MANAGER at the results of SBI-PO & Clerk, RRB, IBPS, Railway, SSC, Technical Smrutiranjan Chhatoi Services & OSSC, VANIK has a lion’s share. In the recently published DESIGNING & LAYOUT OCS 2017 VANIK-IAS students share one fourth ranks in the merit list with Vijaya Maharana 26 rankers among 106 with 4 in top 10. Publisher : Subrat Kumar Chhatoi This is the result of their hard work and strategy planning and mentoring Printed and Published by : Vanik Publication Printed at : Bhagabati Press of VANIK Institute. Our monthly Current Affairs Magazine is well appreciated by all the successful candidates for its rich content and lucid analysis. At our level we have been trying to improve it qualitatively as well as quantitatively for Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar maximum benefit to the aspirants. Website : www.vanikpublications.com | Phone : (0674) 2559977 _____________________________________________________ The current issue contain the special section titled “Topper’s Talk” © Copyright Reserved No part of this magazine can be printed in whole where the achievers shared their journey, strategy and success story. Hope you or part without the written permission of the will be motivated & inspired by it and further energize your preparation for publisher. The editor and publisher have tried their best to achievements. 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) Wishing you all the Best Jurisdiction. Subrat Kumar Chhatoi CONTENT Page Major Issues of the Month Page 200 MCQ on Current Affairs Page 39 Page Economy International Page 100 MCQ on & Banking News 48 SSC/Railway Page Page National Page 40 MCQ on News 52 Computer Page Page Page Bilateral State News 20 Special MCQ 54 on Banking Page Award Page Person in & Honour News Page Place in Page Sports News Page Science & Technology Page Environment & Ecology Page Page Defence Committee Page Page Book & Summit Page Author Who’s Who Page 124 Miscellaneous Page Abbreviation Page 130 Date & Page Observation 132 One Liner MAGAZINE FOR THE MONTH OF FEBRUARY 2019 MAJOR ISSUES OF THE MONTH GOVERNMENT VS RESERVE BANK OF INDIA ISSUE Citing personal reasons, Urjit Patel has resigned as the Reserve Bank of India governor. His resignation comes against the backdrop of increasing tensions between the Finance ministry and the Reserve Bank of India. Shaktikanta Das, former Economic Affairs Secretary and member of the 15th Finance Commission has been appointed as the 25h Governor of the RBI. The conflict: The Reserve Bank of India (RBI) and the government give the impression that they are not on the same page even as far as an understanding of their roles is concerned. The RBI suggests that its independence is being violated while the government rationalises its intervention in terms of its concern for the economy. Since it is clear that the government and the central bank are not on the same page on these issues, their relationship is being widely debated. It has often been argued that the RBI is not an independent central bank. However, the real question is: should the RBI not have the operational independence to attain the objectives given to it? Former RBI governor Raghuram Rajan has explained what RBI does with the analogy of a seat belt. The driver—in this case, the government—has the option of not putting on the seatbelt, but in case of an accident, the damage could be severe. Critical Areas Of Conflict Section 7 of the Reserve Bank of India Act: • Section 7(1) of the RBI Act says: “The Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest.” • ·Section 7(2) gives the government powers to entrust the running of the RBI to its board of directors.
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