MONTHLY ISSUE - MARCH - 2016 CurrVanik’s ent Affairs Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU 67th Practice Set for RRB (Non-Tech) Vanik’s Page 200 Updated MCQs Practice Set for LIC-AAO 290+ One Liners Practice Set for CGL-2016 40 MCQs on Computers 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 VANIK SUCCESS STORY BISWA RANJAN MAHALI RBI-ASSISTANT SK LAIK ALI BANK OF BARODA PRANAB NATH LIC-ADO SUBHASIS MOHANTY ODISHA GRAMYA BANK SATABDI S. MOHANTY ALP (Railway) ELINA CHOUDHURY ASSAM GRAMYA BANK TAPAN SAHOO UTKAL GRAMYA BANK SANDHYARANI MADHY BIHAR GRAMYA BANK BISWANATH SINGH SSC MEERA KUMARI NAYAK POSTAL MAGAZINE FOR THE MONTH OF MARCH - 2016 VANIK’S MAGAZINE FOR THE MONTH OF MARCH - 2016 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 Completing one year of publishing the Vanik Current Affair monthly gives ASSOCIATE EDITORS Satabdi Sagar Mohanty me immense pleasure. April 2015 is a landmark for us at Vanik as we brought out Samarendra Narayan Sahoo the 1st volume of our Current Affair monthly.This is the 12 th issue in the series. The ADVISORS G. Khatua responce from the candidates preparing for competitive exam has led us to transform B. R. Das PUBLISHING MANAGER the magazine to the best among the stuff on stand. Smrutiranjan Chhatoi In future it is going to further its content and quality which is our matter. DESIGNING & LAYOUT We at Vanik promise our esteem readers to give the best in times to come. Vijaya Moharana Publisher : Subrat Kumar Chhatoi 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 Best of Luck No part of this magazine can be printed in whole or part without the written permission Subrat Kumar Chhatoi of the 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 4 International news 9 National news 12 Bilateral 14 Economy and Banking 16 Award and Honour 19 Book and Author 21 Person in news 22 Places in news 23 Sports 24 Science and Technology 25 Environment and Ecology 26 Defence 27 Recent Summit in News 28 Committee and its Function 29 International and National institution 30 Date and Observation 31 State news 32 Recent government devlopement and scheme 34 200 MCQ current affairs 35 40 MCQ of Computer 47 Abbreviation 49 Descriptive English 50 Word of the Month 53 Banking Terminology 54 Miscellaneous G.K. for SSC and Railway 55 Practice Set : RRB (Non-Tech) Set-1 59 RRB (Non-Tech) Set-2 63 LIC-AAO 68 Previous year question for CGL 78 Who’s Who? 95 One Liner 99 MAGAZINE FOR THE MONTH OF MARCH - 2016 EVENTS OF THE MONTH 67TH INDIAN REPUBLIC DAY INDIA, FRANCE RELATION : India celebrated its 67th Republic Day on January 26, 2016 SIGNED 14 PACTS ON CO- with French President Francois Hollande as the chief guest at the event. The Republic Day celebrations start at the Amar Jawan Jyoti where Prime Minister Narendra Modi led the OPERATION nation in paying homage to the martyrs by laying a wreath at India and France have singed 14 pacts for enhancing the the memorial. Visiting president Francois Hollande is the fifth bilateral cooperation in various fields including defence, French leader who has joined R-Day celebrations as chief space, railways, education etc. These agreements were signed guest. between the two countries after extensive talks between Prime Key Highlights Minister Narendra Modi and French President Francois Hollande. The Parade was led by Lieutenant General Rajan Signed Agreements are Ravindran. In the parade, women empowerment was Defence: MoU on purchase of 36 Rafale Aircrafts. seen as women contingent of CRPF participated in Space: Implementation Arrangement between ISRO the parade. and CNES on hosting Argos-4 Payload onboard Apart from this, women officer’s contingents of Oceansat-3 satellite of India. Implementation Indian Nay, Air Force and Coast Guard also Arrangement between ISRO and CNES on a future participated as 2nd in command. joint Thermal Infrared earth observation mission. For the first time in the history of Republic Day Letter of Intent (LoI) on France’s (CNES) participation in India’s (ISRO’s) next Mars Mission. parade foreign contingent participated. It was 76- Railways: Joint Venture Shareholding Agreement member contingent from the 35th Infantry Regiment between Indian Railways and Alstom for production of the French Army led by Lt Col Paul Bury. of 800 electric locomotives in Madhepura plant in During the parade, country’s diverse cultural and Bihar. Agreement between Indian Railways and social traditions, military prowess and achievements French Railways (SNCF) for joint feasibility study in different fields were showcased. for the renovation of Ambala (Punjab) and Ludhiana (Punjab) railway stations. Indian Army’s missile firing capability, Mobile Food safety: MOU between Food Safety & Autonomous Launcher of the BrahMos Missile Standards Authority of India (FSSAI) and ANSES System, Infantry Combat Vehicle BMP II Sarath, T- in food safety. 90 Bhishma tank were also displayed. Public Administration: Partnership Agreement on Indian airforce also showed its might with C-17 Cooperation in Public Administration between Globemaster, 5 Jaguar Deep penetration strike Union Ministry of Personnel & Public Grievances aircraft, 3 Sukhoi Su-30, 5 MiG 29 and other fighter and France Ministry. choppers during fly. Cultural exchange: Declaration of Intent (DoI) for conducting Bonjour India (French festival) in 2017 Army’s dog squad from the Remount Veterinary and Namaste France (Indian festival) in 2016, Corps also took part in the parade after a gap of 26 Cultural Exchange Programme between both years. countries for the period 2016-2018 For the first time in the history of parade, the tableau Science & Technology: Arrangement for of ex-servicemen of Army veterans was displayed establishment of an Indo- French Ministerial level in the parade. Joint Committee on Science & Technology. The tableaux from 6 Central Ministries and 17 states Education: MoU between IIT Mumbai and Thales and departments also displayed the varied historical, Systemes Aeroportes for Industry Sponsored Ph.D (Doctorate) Fellowship. Cooperation Agreement for cultural and architectural heritage of the country. joint research, teaching, exchange of personnel etc between IISER, Pune and ENS de Lyon (France). 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 MARCH - 2016 Agreement of Cooperation in the field of Higher and environment laws through the startup mobile app. No Education & Research between IIT Mumbai and inspections will be conducted in case of the labour laws for CNRS, TB, UBO, UBS,ENSTA Bretagne,ENIB a period of three years. (French Universities). Apart from signing these agreements, both countries 4) A fast-track mechanism filing patent applications also discussed on ways to enhance cooperation in Launched on a pilot basis for a year, the Central Government counter-terrorism, security and civil nuclear energy. shall bear the cost of patents, trademarks and designs for a startup, with an 80 percent rebate to encourage the creation and protection of its intellectual property. TART UP INDIA STAND UP INDIA S 5) A credit guarantee fund for startups START UP INDIA A credit guarantee mechanism willl help startups raise debt Last year on Independence day PM Narendra Modi funding through the formal banking system through National announced ‘Start up India, Stand up India’. Youth of India Credit Guarantee Trust Company (NCGTC)/SIDBI, which has must turn from job-seekers to job-creators. Finally, after 5 an annual corpus of Rs. 500 crore for the next four years. months Finance Minister Arun Jaitley, on 16th January, 6) Tax exemption for three years, and capital gains inaugurated “Prime Minister Narendra Modi’s ambitious Start Aimed at facilitating growth and help retain capital, startups up India Stand up India” plan at Vigyan Bhavan in New will be exempted from income-tax for a period of three years. Delhi. Over 1,000 entrepreneurs gathered at the meet.The However, the exemption shall be available subject to non- Human Resource Development Ministry and the Department distribution of dividend by the startup. To augment the funds of Science and Technology are extending support as partners available to various VCs and alternative investment funds, to set up over 75 such start up support hubs in the National capital gains invested in SEBI registered venture funds will Institutes of Technology (NITs), the Indian Institutes of be exempt from tax as well. Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and NIPERs or 7) A Startup India Hub for collaboration National Institutes of Pharmaceutical Education and The Startup India Hub will serve as a single point of contact Research. With 4,200 startups India ranks 3rd globally after for startup ecosystem players, and will function in a hub and US and UK but India still ranks 1st in Asia to send Scientist spoke model with central and state governments, Indian and and Engineers to the USSo to increase the former number foreign VCs, angel networks, banks, incubators, legal and decrease the later one, India planned ‘Start Up India, partners, consultants, universities and R&D institutions.