Current Affairs Quick Reference Guide for IBPS RRB PO and Clerks Office Assistants Exam 2013

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Friends, finally we managed to give you the Current Affairs Quick Reference guide for the upcoming IBPS RRB Office Assistants (Clerical) Exam. This file consists of 50 pages. It will hardly take you 4 hours to complete this pdf file.  Here important point you should keep in mind is, most of the topics covered in this pdf file have already updated in the blog and in our previous versions of quick reference guides. So, if you are a regular visitor of this blog, then it may take you only 1 to 2 hours to complete this file. So prepare well.

For the sake of information we gave short-notes of Regional Rural Banks in detail. No need to mug up those statistics. Those may help you in the interview. As for now, just have a quick glance at them. That's enough. Concentrate more on the topics Awards, Appointments, Obituaries, Sports updates, Railway and Union Budgets and recently revised Bank Rates. If you have any doubts or suggestions regarding this pdf file then feel free to use the comments box below. And please don't forget to share our little effort with your friends. Happy Reading :)
Download Quick Reference Guide Current Affairs for IBPS PO  III 2013 

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Download Quick Reference Guide for IBPS RRB Clerks / Assistants from here

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12:38 - By Unknown 0

IBPS RRB Clerk Office Assistants Exam September 2013 Morning Shift General Awareness Questions

  IBPS RRB Clerk / Office Assistants and RRB PO Exam 21-09-2013 TO 29-09-2013 Morning Shift and Evening Shift General Awareness Questions

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Friends, here are the questions asked in today's (21st to 29th September 2013) IBPS RRB Clerks / Office Assistants (Morning Shift) exam shared by our friends Mr. Sanjay Goyal, Narendra Reddy and Nicklesh Javaji . We thank them on behalf of our readers and team members and wish them great success in the exam. All the Best

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05:57 - By Unknown 0

Download your Admit Cards / Call Letters of IBPS PO III CWE Pre Examination Training Now

 Download your Admit Cards / Call Letters of IBPS PO III CWE Pre Examination Training Now

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Friends, IBPS has now enabled the download link of Pre-Examination Training Call Letters / Admit Cards for its Probationary Officers Common Written Examination (IBPS PO III) which is going to be held from 19th October. The pre examination training will be held from 7th to 12th October 2013. You can download your call letter from below link. You should enter your Registration number and Roll number / Password to download your Call letter. 

Download your Pre examination training call letter for IBPS PO CWE III from here

Note : These are not Call letters for the exam.  These are the call letters of Pre-Exam Training only. So only the candidates who belong to SC / ST / Minority Community who have applied for pre exam training can download these call letters.

05:53 - By Unknown 0

Defects or Problems of Indian Mone Market

 Defects or Problems of Indian Mone Market

Friends, in our last post we have discussed the introduction and characteristics of Indian Money Market. In this post we shall discuss about Defects or Problems of Indian Money Market.

The money market in India is not only underdeveloped but it is also a heterogeneous entity. As we have already discussed in our last post, due to dichotomy of Indian money market into organized and unorganized sectors resulted in number of drawbacks. Some of which are given below.

1. Existence of Both Organized and Unorganized Markets : The first and foremost defect of Indian money market is existence of both organized and unorganized money markets. Indigenous bankers and money lenders plays an important role in unorganized money market. The main problem with indigenous bankers is that they don't distinguish bbetween short-term and long term credit. the unorganized money market is not controlled by R.B.I. These features of unorganized money market, makes the whole Indian money market weak.
2. Absence of Integration between Various Sectors :  There is no proper coordination between the various sectors of Indian money market. There is no mutual understanding between the banking institutions of organized sector and indigenous bankers of unorganized sector. with in the organized sector there is no proper coordination of activities of different banking institutions.
   
3. Predominance of Unorganized sector : The third important drawback of Indian money market is its predominance of unorganized sector. The indigenous bankers and money lenders occupies significant role in rural finance.  In this unorganized sector there is no clear cut distinction between short and long term credit.  They will not come under direct control of Reserve Bank of India and remains outside the organized sector. Therefore, they seriously restrict the Reserve Bank control over money market.
4. Differential Interest Rates : Due to lack of homogeneity in the composition of Indian Money Market there is wide range not only in the interest rates but also in lending policies, of the different institutions. Money lenders charges exorbitant rates of Interest ranging from 24 per cent to 40 pre cent. Even commercial banks also charges different rates of interest ranging from 12 percent to 18 percent. The interest rates also varies from place to place.
5. Inadequate Control by the Reserve Bank of India : The unorganized sector of Indian Money Market is not under direct control of Reserve Bank of India. The Reserve Bank of India has no adequate control on the functioning of unorganized sector financial institutions which is quite large in size playing very important role in financing short term funds.
6. Crunch of Loanable Funds : Indian money markets always experience a shortage of loanable funds, mainly due to less per capital income, low saving rate and higher consumption expenditure due to inflation and increase in standard of living. Specially with the invest of multichannel TVs with massive advertisements and the penetration of credit cards among the middle class had further increased consumption expenditure resulting in reduced savings.
7. Seasonal Scarcity of Funds : There is shortage of funds in money market during some seasons. Ours is an agricultural country requiring heavy finance during agricultural season. Due to lack of sufficient funds during particular season, the interest rates are growing.
8. Underdeveloped Bill Market : The bill market which plays an important role in organized sector of money market, is also underdeveloped in India as compared to developed countries. There is a lot of shortage of sound and first class commercial bills of exchange in our country. Most of the Indian traders resort to hundies rather than draw Bills of exchange. Further, there is lack of standardization in drawing of bills and hundies in India.
9. Underdeveloped Banking Habits : The banking habit is not much developed in India which is one of the most important characteristics of a developed money market. Cash transactions are more popular in India rather than bank transactions, as a consequence of this the banking system in India has not much developed.
10. Lack of Call Money Market : Call market means a market which provides money at call and short notice ranging a period 24 hours to one week. These loans are generally granted to stock brokers and discounting houses. In India very rarely such loans are granted.
11. Scarcity of Credit Instruments : Till late 1980's, the Indian money market was suffering from scarcity of credit instruments. The only instruments available were the money at call and short notice and treasury bills. Moreover, there were no specialists dealers and brokers to handle the function in different segments of money market and to handle different kinds of credit instruments.
12. Improper Care of Rural Finance : An important weakness of the Indian Banking system is that till recently agricultural finance was divorced from the organized sector of the money market.
13. No Banker's Acceptance : There is no development of bankers' acceptance or acceptance of credit by the banks in India.
14. Blending of Lending and Trading Activities : In the unorganized sector, the financial agencies do not resort to money dealings only. They usually carry on retail trade agriculture and other business activities, along with lending operations.
15. Banking Gap : Banking facilities are either entirely nonexistent or inadequate in the villiages of India. All though there has been rapid expansion of bank branches in recent years specially after nationalization of banks, yet vast rural areas still exists without banking facilities. Scientifically-run institutions like commercial banks have a largely urban-orientation in our country.
16. Absence of All-India Money Market : Indian money market has not been organized into a single integrated all-indian market. It is divided into small segments mostly catering to the local financial needs. 

05:52 - By Unknown 0

Current Affairs Updates - 28th September 2013

 Current Affairs Updates - 28th September 2013

Internationa Affairs

• Five years after India and the US signed a landmark civil nuclear deal, the two countries have clinched the first commercial agreement on civilian nuclear power cooperation that was stalled over India's nuclear liability law.
• Recognising climate change as a "defining challenge", India and US have announced the establishment of a joint working group to develop and enhance action-oriented cooperation in this key sector.
• PChidambaram and JacobLew (United States Secretary of the Treasury) would hold the next round of India-US economic dialogue in Washington on 13th October

National Affairs

• Haryana govt starts new scheme "Pravasi Haryanvi Bhagidari Vikas Yojna" aimed at improving its coordination with NRIs for the purpose of achieving greater development for the state.
• NationalGreenTribunal bans digging of earth across the country for making bricks and roads without prior environment clearance.
• Trinamool Congress MP Kunal Ghosh has been suspended from the party for his for anti-party activies.
• The Jammu & Kashmir Government is planning to prepare a comprehensive plan of Rs 600 crore under Restructured Re- structured Accelerated Power Development and Reforms Programme (R-APDRP) for improving the power scenario in Jammu city and peripheral areas including R S Pura and Akhnoor towns.
• A high-tech'cyber dome' would be set up by the Kerala government to counter and probe cyber related crimes.

Business and Economy

• Unveiling a new plan for high growth through diversification and expansion, aluminium giant Nalco is set to invest more than Rs 33,000 crore in a host of sectors including energy to boost its productivity and profitability.

Sports

• FIFA has ordered Ukraine to play its next World Cup qualifier in an empty stadium after its fans hurled racist abuse during its match against San Marino.
• 17 Year old Reigning junior world champion Nikhat Zareen (54kg) continued her winning run to enter the final of the AIBA Women’s Youth World Boxing Championships in Albena, Bulgaria.
• Senior politician and Uttar Pradesh Cricket Association chief Rajiv Shukla, MCA president Ravi Savant and DDCA secretary Sneh Bansal are the three new vice-presidents of the BCCI.
• Sania Mirza wins 4th title of the season and 18th overall with Cara Black of Zimbabwe to lift the Pan Pacific Open trophy on Saturday.
• All India Football Federation announces 23-member squad for the AFC U-19 Championship Qualifiers to be held in Doha from 4th October

05:51 - By Unknown 0

Daily Current Affairs Updates - 27th September 2013

 Daily Current Affairs Updates - 27th September 2013

International Affairs

• The United States and China agreed to keep up a tough sanctions regime on North Korea amid warnings that the reclusive nation is still managing to pursue its nuclear program.
• Israel denounces Iran's call to acknowledge its nuclear weapons, accusing HassanRouhani of diverting attention from Iran's nuclear work.
• Iran and six world powers have headed into nuclear talks at the United Nations with US officials tamping down expectations of any quick breakthrough.
• The IMF approved Friday a standby loan of nearly 2 billion euros ($2.7 billion) for Romania, to match a backup loan of the same size requested from the European Union (EU).

National Affairs

• The 14-day DelhiPhotoFestival 2013 began at India Habitat Centre in the national capital on 27th September 2013.
• World Tourism Day is being observed
• 81st Birth anniversary of famous Indian film director YashChopra observed
• Birth anniversary of Vithalbhai Patel, great freedom fighter, social worker observed
• Death anniversary of 18th century social reformer RajaRamMohanRoy is observed
• As part the new strategy, Doordarshan has decided to air big-budget programmes for which producers can also bring advertisers or enter into arrangement with private channels for jointly telecasting cost intensive productions.
• Leading by example, Oil Minister M Veerappa Moily announced that he will travel by public transport every Wednesday, starting October 9, as part of the fuel conservation drive to save $5 billion in oil import bill.

New Appointments

• Indian American trailblazer SriSrinivasan sworn in as judge of top US court.

Awards and Honors

• RBI governor RaghuramRajan receives Fifth Deutsche Bank Prize for Financial Economics 2013  in recognition of his ground-breaking research work which influenced financial & macro-economic policies.

Science and Technology

• The launch of Geosynchronous Satellite Launch Vehicle (GSLV), which was deferred on August 19 following a flaw in the rocket, will take place on December 15, Indian Space Research Organisation chairman Dr K Radhakrishnan anounced.
• Google celebrates its 15th birthday with a trip down memory lane, and an update to search engine formula which helped spawn the tech giant.
• NASA's Mars rover Curiosity discovers water during its first sample analysis of the Red planet's surface.

Business and Economy

• Toyota will recall nearly 700,000 Sienna minivans in North America to fix a gear shift defect.
• Wipro  entered  the National Stock Exchange's 50-share Nifty index, while Reliance Infrastructure exit.

Sports

• The 54th edition of the prestigious Subroto Cup, the biggest inter-school tournament for scouting talented footballers began at Ambedkar Stadium in NewDelhi.
• ViditGujrathi wins bronze medal in World Junior Chess Championship after settling for a quick draw with winner Yu Yangyi of China.
• Top Indian shuttler Saina Nehwal was steady at number four even as rising star P V Sindhu regained her place in the top 10 after climbing two places in the latest world badminton rankings.

05:51 - By Unknown 0

LIC AAO Final Results (Written & Interview) are Out

 LIC AAO Final Results (Written & Interview) are Out

Good News Friends, the Life Insurance Corporation of India (LIC) has announced the final results of its Assistant Administrative Officers (AAO) Recruitment 2013. Earlier the organization has conducted online exam for recruiting AAOs on 11th, 12th, 17th and 19th May and 23rd June 2013. Later it has conducted interviews for the shortlisted candidates in August and September months. Now it came out with the selected / shortlisted candidates for the Medical exam. The organization has selected 750 candidates for the medical exam. All the selected candidates will get e-mails about the further process soon.  All the Best :)

Check your final result of LIC AAO Recruitment 2013 from here

Congratulations to all the selected candidates :)

05:50 - By Unknown 0