www.bankiq.in February 2019 � TOPPER'S TALK 11ii11 BANKING AWARENESS f IN'DIA 6 THE WORLD 11 TAXATION ,�-.; CURRENT AFFAIRS e PRACTICE MCQ's BANKIQ.IN FEBRUARY 2019 INDEX TOPPER’S TALK (1-2) 1) Banking & Financial Awareness (3-6) 2) Taxation (7-9) 3) Agriculture 10 4) Industry (11-13) 5) Infrastructure (14-15) 6) External Sector (16) 7) International Aairs 17 8) India and the World (18-22) 9) Polity & Governance (23-25) 10)Appointments & Resignations (26-28) 11) Reports & Indices (29-30) 12) Miscellaneous (31-32) 13) Interim Budget 2019 (33-34) PRACTICE CURRENT AFFAIRS MCQ’S 1) Banking & Financial Awareness (35-36) 2) Agriculture 36 3) Appointments & Resignations (36-39) 4) Defence & Security (39-40) 5) External Sector (40-41) 6) Honours & Awards (41-44) 7) India & the World (44-45) 8) Industry (45-46) 9) Infrastructure 46 10) International Aairs (46-48) 11) Polity & Governance (48-51) 12) Reports & Indices (51-54) 13) Taxation (54-55) 14) Miscellaneous (55-61) SOLUTIONS CURRENT AFFAIRS MCQ’s 1) Banking & Financial Awareness (62-63) 2) Agriculture (63-64) 3) Appointments & Resignations (64-66) 4) Defence & Security (66-67) 5) External Sector (67-69) 6) Honours & Awards (69-72) 7) India & the World (72-73) 8) Industry 74 9) Infrastructure (75-76) 10) International Aairs (76-78) 11) Polity & Governance (78-82) 12) Reports & Indices (82-86) 13)Taxation 86 14) Miscellaneous (86-93) A STUDY IQ Initiative bankiq.in FEBRUARY 2019 TOPPERS’ TALK Hi, I am Shubham Chand, I have qualied SBI PO 2018 and I am from Lucknow, Uttar Pradesh. I have done my education from theMadan Mohan Malviya Institute of Technology, Gorakhpur, UP. The government sector provides us job security, respect in society and stability for the long run in life. I was placed in a company from my college but after talking to my seniors I came to know about the pros and cons of working in a private sector. Then I decided to prepare for the government examinations. Four months of preparation is enough to qualify a banking exam if and only if you have prepared whole-heartedly in those four years. I am a morning person hence like to study in the morning. I like to study those subjects in the morning in which we have to retain the things in our mind for the long term as our mind remains fresh in the morning. Subjects like General Awareness, English, and Vocabulary can be studied in the morning. Take rest for some time and do reasoning. Solve some puzzles and then switch to Quantitative Aptitude when your mind needs to think conceptually after studying the other two subjects from the beginning of the day. Four months of preparation is enough to qualify a banking exam if and only if you have prepared whole-heartedly in those four years. I am a morning person hence like to study in the morning. I like to study those subjects in the morning in which we have to retain the things in our mind for the long term as our mind remains fresh in the morning. Subjects like General Awareness, English, and Vocabulary can be studied in the morning. Take rest for some time and do reasoning. Solve some puzzles and then switch to Quantitative Aptitude when your mind needs to think conceptually after studying the other two subjects from the beginning of the day. There are three stages of banking exam. Stage 1 is prelims and stage 2 is mains followed by an interview for the post of PO. For prelims, I used to select good questions from each chapter in each section from books then used to solve these questions in 20 minutes from each subject.Solve a maximum number of quizzes as it will help you to increase your speed which is necessary to qualify prelims. In Reasoning, I used to solve puzzles rst to score good marks as one puzzle fetches you ve marks. After solving puzzles I used to do the rest of the questions. In English, please start developing reading habits as English needs reading skills. For this, you can practice Reading Comprehensions, read The Hindu newspaper; The Economic Times as reading newspapers not only improves your reading skills but also makes you aware of the nancial news and improves vocabulary.For Grammar, refer any basic English grammar book like Wren Martin, and start applying rules in dierent questions to memorize them. For mains, do not rely on short tricks in the quantitative aptitude section as the mains exam consists of questions that need a clear concept to solve them. The concepts are very important for doing the quant section of the mains exam. The logical reasoning section checks how much a candidate is logically sound and can think of dierent ways to solve a puzzle. For English, follow the same procedureas of prelims and take a calculative risk by using the method of elimination to solve the questions whose answers you don’t know. For GeneralAwareness, I used to watch the current aairs video of GauravGarg sir from Study IQ as it covers static awareness also in addition to the current aairs and banking awareness. What you can do is write down the news and revise it for a minimum of 10 days in the morning. Practice Quantitative Aptitude and Logical Reasoning sets by TarunJha sir if you are in search of the best quality questions for the mains exam. Page 1 STUDY IQ bankiq.in FEBRUARY 2019 For Interview, dress up in formals. The nancial news of the current is very important for the interview. You can’t simply answer yes or no in an interview but you have to give your opinion, your thoughts about the questions asked by the interviewer. I used to watch The Hindu Analysis by PrashantMavani sir daily as it helps us in making opinions for dierent topics that can be discussed in the interview and which helps us in GD as well. At last, I would say, prepare very well for GA as it is the deciding factor in qualifying the exam. Watch current aairs video by GauravGarg sir as many times as you can for memorizing them. If you managed to score 30 marks out of 40 then no one can stop you from taking the nal selection. Finally, I want to thank the Study IQ team for giving me a platform to express my viewsand thoughts. I am highly obliged to be here as this institution has given me a lot because the exams I cleared is due to GA and Study IQ has played an important role in making my GA so strong. Thanks to GauravGarg sir and PrashantMavani sir. Thanks to Study IQ. Page 2 STUDY IQ bankiq.in FEBRUARY 2019 State Bank of India (SBI) Chairman Rajnish Kumar Banking & favours Direct Benet Transfers (DBT) for farmers instead of farm loan waivers. According to him, we are in the last leg of loan waivers in India. ”If the Central government and state government’s resources are combined, we can ensure income support Financial for farmers,” he said. The SBI chief was speaking on the sidelines of the bank’s event to present ‘Yono SBI 20 under Twenty’ Awards for young achievers under the age of 20 across elds Awareness including sport, performing arts, literature etc. “The bank will extend its digital banking platform YONO to assist farmers with inputs on climate, seeds, fertilisers and pesticides, information on prices through ‘YonoKrish’ that will be launched by April 2019”, said Mr Kumar at a press conference. Farmers can also apply for agricultural gold loans and open bank accounts digitally using the platform, which will serve as an online marketplace, he added. RBI’s Monetary Policy Committee (MPC) is going to take important decisions in the meeting to be held in February 2019. For the rst time, RBI is getting its half-yearly balance According to Economists, the budget is inationary in nature. sheet audited to determine the amount of interim As a result, there are chances of rate cuts. dividend it can give the central government. The government has registered a decit of 3.4% of GDP in FY A concurrent audit of its accounts is done on a quarterly 2018-19 which was estimated to be at 3.3%. basis. For the next year (2019-20) also, the decit is projected at 3.4%, July-December 2018 period audit is underway. Soon deviating from the path to bring down the decit to 3% of GDP. Board of Directors will approve it. The CPI ination rate fell from 4.9% in April-May 2018 to 2.2% in The RBI is going to move towards ½ yearly audit December, due to disination in the food segment. regularly, apart from an annual audit of its nances to Brent crude oil is now trading at around $62 a barrel, down from determine the prots. $84 a barrel in September 2018. The RBI has set up a committee headed by its former Oil prices have remained a great uncertainty for the government governor BimalJalan in December to rework the and the RBI. ECONOMIC CAPITAL FRAMEWORK of the central bank to Keeping in mind the above scenario, a rate cut at this point of time determine the level of surplus the RBI should hold. would be meaningless. Interim dividend to the Centre would be based on the old framework for now. According to recommendations made by a committee The RBI has decidedto oer an interim dividend of Rs 28,000 crore led by Y H Malegam in 2014, the RBI can transfer its entire to the centre, driving up its total transfer in the current scal to surplus to the government without allocation to its Rs 68,000 crore.