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MONTHLY ISSUE - AUGUST - 2016 CurrVanik’s ent Affairs Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU Vanik’s Study Guide Vanik’s Question Hub Vanik’s Practice Set Vanik’s Extra Dose Vanik’s Knowledge Garden relim) Practice Set for IBPS, SBI-PO (P Practice Set for SBI-PO (Main) GL-2016 EUROPEAN UNION Practice Set for C P u b l i c a t i o n s VANIK'S PAGE Cultural Dances In India Andhra Pradesh Ÿ Ghumra Ÿ Kuchipudi Ÿ Karma Naach Ÿ Kolattam Ÿ Keisabadi Arunachal Pradesh Puducherry Ÿ Bardo Chham Ÿ Garadi Assam Ÿ Bihu dance Punjab Ÿ Jumur Nach Ÿ Bhangra Ÿ Bagurumba Ÿ Giddha Ÿ Ali Ai Ligang Ÿ Malwai Giddha Chhattisgarh Ÿ Jhumar Ÿ Panthi Ÿ Karthi Ÿ Raut Nacha Ÿ Kikkli Ÿ Gaur Maria Dance Ÿ Sammi Gujarat Ÿ Ÿ Dandass Garba Ÿ Ÿ Ludi Padhar Ÿ Ÿ Raas Jindua Ÿ Tippani Dance Rajasthan Himachal Pradesh Ÿ Ghoomar Ÿ Kinnauri Nati Ÿ Kalbelia Ÿ Namgen Ÿ Bhavai Karnataka Ÿ Tera tali Ÿ Yakshagana Ÿ Chirami Ÿ Bayalata Ÿ Gair Ÿ Dollu Kunitha Ÿ Sikkim Veeragaase dance Ÿ Kashmir Singhi Chham Ÿ Dumhal Tamil Nadu Lakshadweep Ÿ Bharatanatya Ÿ Lava Ÿ Kamandi or Kaman Pandigai Madhya Pradesh Ÿ Devarattam Ÿ Tertal Ÿ Kummi Ÿ Charkula Ÿ Kolattam Ÿ Jawara Ÿ Karagattam or Karagam Ÿ Matki Dance Ÿ Ÿ Mayil Attam or Peacock dance Phulpati Dance Ÿ Ÿ Paampu attam or Snake Dance Grida Dance Ÿ Ÿ Maanch Oyilattam Maharashtra Ÿ Puliyattam Ÿ Pavri Nach Ÿ Poikal Kudirai Attam Ÿ Lavani Ÿ Bommalattam Manipur Ÿ Theru Koothu Ÿ Thang Ta Tripura Ÿ Dhol cholom Ÿ Hojagiri Mizoram West Bengal Ÿ Cheraw Dance Ÿ Gambhira Nagaland Ÿ Ÿ Chang Lo or Sua Lua Kalikapatadi Odisha Ÿ Nacnī Ÿ Ghumura Dance Ÿ Alkap Ÿ Ruk Mar Nacha (& Chhau dance) Ÿ Domni Ÿ Goti Pua Others Ÿ Nacnī Ÿ Ghoomar (Rajasthan, Haryana) Ÿ Odissi Ÿ Koli (Maharashtra and Goa) Ÿ Danda Nacha Ÿ Padayani (Kerala) Ÿ Baagh Naach or Tiger Dance Ÿ North India Dalkhai Ÿ Kathak Ÿ Dhap Message from Director Vanik Publications EDITOR Dear Students, Mr. Pramod Padhi It’s a great pleasure on the part of Vanik Family to felicitate more than ASSOCIATE EDITORS Satabdi Sagar Mohanty hundred of its successful students in different banking exams. The usefulness of Samarendra Narayan Sahoo Vanik Current Affairs Monthly Magazine was very well appreciated by the ADVISORS G. Khatua achievers at all stages of their preparation. Our commitment to deliver the best to B. R. Das PUBLISHING MANAGER our students has made as the number one in the state. Smrutiranjan Chhatoi We have added one more milestone for the students preparing for Civil Services DESIGNING & LAYOUT (Both Union & States) by launching Vanik-IAS which will definitely be the best Vijaya Moharana institution in this field in Odisha. Thanks all our students and readers for the trust Publisher : Subrat Kumar Chhatoi Printed and Published by : Vanik Publication on us & support to us which has made us reach this peak. Printed at : Bhagabati Press Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar Website : www.vanik.org | Phone : 0674-6556677, 8093-556677 _____________________________________________________ © Copyright Reserved Wishing you all the Best No part of this magazine can be printed in whole or part without the written permission of the Subrat Kumar Chhatoi publisher. 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 3 International news 11 National news 14 Bilateral 17 Economy and Banking 20 Award and Honour 24 Book and Author 25 Person in news 25 Places in news 27 Sports 28 Science and Technology 29 Environment and Ecology 31 Defence 32 Recent Summit in News 32 Committee and its Function 33 Date and Observation 34 International and National institution 34 State news 36 Recent government devlopement and scheme 37 Miscellaneous 38 Vanik’s Study Guide Vanik Question Hub Special Class on Math - 39 200 MCQ on Current Affairs - 48 Special Class on Reasoning - 41 100 MCQ on SSC/Railway - 56 Special Class on Banking - 42 40 MCQ on Computer - 60 Special Class on English - 44 40 Special MCQ on Banking - 62 Special Class on Computer - 47 Practice Set Vanik Extra Dose SBI-PO (Preliminary) - 64 Who’s Who - 106 SBI-PO (Main) - 71 Word of the Month - 112 IBPS-PO (Preliminary) - 84 Abbreviation - 113 SSC-CGL-2016 - 92 One Liner - 114 MAGAZINE FOR THE MONTH OF AUGUST - 2016 EVENTS OF THE MONTH already being seen. With Cameron all set resignation, Britain’s BREXIT-BRITAIN LEAVE THE EU prospects of negotiating a favorable deal with the EU could be weakened. The EU may decide to strike a hard bargain to The results of referendum to decide whether Britain should discourage other countries from leaving the EU. Also, the leave or remain in the European Union (EU) have been UK’s new leader might not be willing to accept the kind of declared. Majority of British people have vote for leaving restrictions that come with a Norway-style deal. And that the European Union. The result of this referendum is not could create serious problems for businesses based in the binding on either the British government or on its Parliament. UK. Critics say the economic effects could be large. The UK But if Britain leaves European Union it has huge implication government has estimated that exiting the EU could cause not only on Britain and EU but also throughout the world. the British economy to be between 3.8 and 7.5% smaller by The United Kingdom has opted for a momentous change of 2030 — depending on how well negotiations for access to course by voting to leave the European Union in a closely- the European market ultimately go. fought referendum held recently. 52% people voted in favor One of the most important and controversial achievements of leaving the EU. of the EU was the establishment of the principle of free The referendum saw a turnout of 72%, the highest in any movement among EU countries. A citizen of one EU country election since 1992, ‘Leave’ won 17,410,742 votes and has an unfettered right to live and work anywhere in the EU. ‘Remain’ 16,141,241, with all but the regions of London, Both Britons and foreigners have taken advantage of this Scotland and Northern Ireland voting to leave. opportunity. This is the second referendum on Britain’s relationship with Currently there are about 1.2 million Brits living in other EU the European project. In 1975, in a referendum on whether countries, while about 3 million non-British EU nationals live the U.K. should stay or leave the European Community in Britain. Thanks to EU rules, they were able to move across (Common Market) Area, the country voted for staying in the English Channel with a minimum of paperwork. Britain’s with a resounding 67.2% vote. exit from the EU could change that profoundly. It’s possible, European Union was originally formed with six nations in of course, that Britain could negotiate a new treaty with the 1957. Today, it is a gigantic transnational entity of 28 EU that continues to allow free movement between the UK countries, including the U.K., which joined only in 1973. and the EU. But resentment of EU immigrants — especially Though part of EU, Britain has traditionally had a ‘eurosceptic’ from poorer, economically struggling countries like Poland stand. It continues to use the Pound as its currency, while and Lithuania — was a key force driving support for Brexit. most EU nations have moved to Euro. Neither does it So the British government will be under immense pressure to participate in the Schengen border-free zone, which allows refuse to continue the current arrangement. At a minimum, passport-free travel in EU. that would mean that people moving to or from Britain would Brexit is a word that has become used as a shorthand way of need to worry about passports and residency rules. And it saying the UK leaving the EU – merging the words Britain could mean that some British immigrants may lose their right and exit to get Brexit, in a same way as a Greek exit from the to continue living and working in the UK and be deported. EU was dubbed Grexit in the past. Many people in the United Brexit could also change the United Kingdom in a more Kingdom are of the opinion that the EU has transformed a lot fundamental way. It’s called the “United” Kingdom because over the years. They think that since several countries have it’s made up of four “countries” — England, Wales, Scotland, joined the union, the EU’s hold over everyday aspects of and Northern Ireland. But with Britain now on its way out of these countries has increased. Many think that Britain is the EU, there’s a danger it won’t stay united for very long. better off without the EU as it is being constrained by it. Scotland supported Remain by a margin of 62% to 38 %. And Some of the constraints involve imposing many rules on the Scots in particular have never been entirely satisfied Britain’s business and shelling out billions of pounds in the with English domination, as shown by the 44% of Scottish form of EU fees without much gain in return. people who voted to make Scotland an independent country In the short run, uncertainty about Britain’s future in 2014.