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Banking Related Acts

==> Negotiable Instrument Act–1881 ==> The Bankers’Books Evidence Act–1891 ==> The ReserveBank of India Act–1934 ==> The Industrial Finance Corporation of India Act–1948 ==> The Banking Companies (Legal Practitioner Clients’ Accounts) Act–1949 ==> The Industrial Disputes (Banking and Insurance Companies) Act–1949 ==> The Banking Regulation(Companies) Rules–1949 ==> The Banking Regulation Act–1949 ==> The State Financial Corporations Act–1951 ==> The Reserve Bank of India (Amendment and Misc. Provisions) Act–1953 ==> The Industrial Disputes (Banking Companies) Decision Act–1955 ==> The State Bank of India Act–1955 ==> The State Bank of India (Subsidiary Banks) Act-1959 ==> The Subsidiary Banks General Regulation–1959 ==> The Deposit Insurance and Credit Guarantee Corporation Act–1961(DICGC) ==> The Banking Companies (Acquisition and Transfer of Undertakings) Act–1970 ==> The Regional Rural Banks Act–1976 ==> The Bank

Reasoning Study Notes: Coding Decoding

Dear Readers, Today we’ll discuss about Coding- Decoding. This topic is can fetch you marks easily but you need to know the right concepts and types of questions to practice. In banking exams Coding Decoding questions can be asked in Data Sufficiency or there can be direct questions of coding-decoding itself. Usually 3-5 questions can be asked from this topic, thus it can fetch you easy marks with right practice. Tips: 1. Try to focus on the thinking behind the solution. Example 1:  If GLORIOUS is coded as GOLRIOSU, code ‘JUDICIAL’? Solution:  This doesn’t need any explanation. A simple question based on observation. As G L O R I O U S is coded as G O L R I O S U, we are that second and third letters are interchanged, again last two letters are also interchanged as shown below.   Using the same logic, the word J U D I C I A L is coded as J D U I C I L A Example 2:  If PEN is written as ‘+X’ and ENT is written as ‘X–’ in a certain code, how is TEN written in the same code? So

Study Notes: Banking and Finance

Today in the study Notes we are Discuss about  NABARD ( NABARD ) (National Bank for Agriculture and Rural Development) set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries etc. CHAIRMAN Dr. Harsh Kumar Bhanwala, Chairman, NABARD, is a Post Graduate in Management from IIM, Ahmedabad HEAD OFFICE- NABARD has its head office at Mumbai, India. HISTORY At the instance of Government of India and Reserve Bank of India (RBI),  constituted a committee to  review the arrangements for institutional  credit for agriculture and rural development (CRAFICARD)  on 30 March 1979, under the  Chairmanship of Shri B.Sivaraman , former member of Planning Commission, Government of India to review the arrangements for institutional credit for agriculture and rural development. The Committee, in its interim report, submitted on 28 November 1979, felt the need for a new orga

Liberalization , Globalization and Privatization

Liberalization  , Globalization and Privatization  are the three main pillars of modern global economy.In the Modern era Economy is one the most important thread which connects the nations across the globe. Need of one nation can be fulfilled by other and vice-versa. Concept of LPG made the whole world a single unit. What do you mean by Liberalization , Globalization and Privatization ? Liberalization  : It defined as making economy free to enter in the market and establish there venture in the country. Liberalization refers liberal of economy in terms of movements of flow of goods and services within and out of  nation. Liberalization promotes the development of any nation. Privatization  : It defined as when the control of economic activities got shifted to private hand instead of public hand . Privatization is necessary for expanding one's economy and enhance the global connectivity. Privatization strengthen the private sectors. Globalization  : It describes the process by

Quant Study Notes: Profit and Loss

PROFIT & LOSS Profit and loss are determined by the value of cost price and selling price. Cost price is the price at which an article is purchased and selling price is the price at which article is sold Profit = selling price - Cost price  Loss = Cost price - Selling price  Percentage profit and loss are always calculated on cost price.  If a cost price of m articles is equal to the selling Price of n articles, then Profit percentage  MARKED PRICE Marked price is also known as the list price. It is the price which is marked on the article. Where CP = cost price and MP = marked price DISCOUNT Shopkeepers devise several ways to attract customers (consumers). Sometimes they sell an article at a price lower than its list price (LP)/marked price (MP). Recall that reduction offered by retailer on the list price is called discount. We may recall that Discount = MP - SP Example 1: Marked price of a dining table is Rs 1350. It is sold at Rs. 1188 after allowing certain disc

Regional Rural Banks (RRBs)

Regional Rural Banks (RRBs) were established in 1975  under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by Regional Rural Banks Act, 1976 with a view to develop the rural economy and to create a supplementary channel to the 'Cooperative Credit Structure' with a view to enlarge institutional credit for the rural and agriculture sector.   The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of  50%, 15% and 35%, respectively.  The area of operation of the RRBs is limited to notified few districts in a State. The   RRBs mobilise deposits primarily from rural/semi-urban areas and provide loans and advances mostly to small and marginal farmers, agricultural labourers , rural artisans and other segments of priority sector. The RBI in 2001 constituted a Committee under the Chairmanship of  Dr V S Vyas on “Flow of Credit  to Agriculture and

Reasoning Study Notes: Blood Relation

Blood Relation can be really easy topic if you have the right approach. Comparatively among other topics of reasoning blood relations can fetch you full marks. But with one silly mistake or if you don’t pay attention to a little information you can lose that easy mark. So let us see the approach towards Blood Relation: Generation Tree: Here let us look at the Generation Tree or Family Tree of a person X: Different Relations: Let us understand different possible relations of X: Paternal Great Grand Father Father’s Grand Father Great Grand Mother Father’s Grand Mother, Father’s Grand Father’s Wife Grand Father Father’s Father Grand Mother Father’s Mother, Father’s Father’s Wife Uncle Father’s Brother Aunt Father’s Sister Sibling Brother/Sister Niece Sibling’s Daughter Nephew Sibling’s Son Children Son/Daughter Cousin Father’s Sibling’s Children Grandchildren Children’s children Great Grand Children Children’s children’s children Maternal Great Grand Fa

Reasoning Study Notes: Machine Input-Output

In machine input-output, the basic problem is the problem of time. You can obviously get the logic if you are not bound by time, but the challenge is to get the logic as quickly as possible and get done with the questions to score more. Here you can learn how to solve machine input by saving your time The general instruction of what a machine input-output question says are: “When a word and number arrangement machine is given an input line words and number, it arranges them following a particular rule. The following is the illustration of input and re-arrangement”   Example: Input: name 37 11 is his 42 Khan 28 Step I: is name 37 11 his 42 Khan 28 Step II: is 42 name 37 11 his Khan 28 Step III: is 42 his name 37 11 Khan 28 Step IV: is 42 his 37 name 11 Khan 28 Step V:  is 42 his 37 Khan name 11 28 Step VI: is 42 his 37 Khan 28 name 11 VIth step is the last step. The last step is the final output the machine. So what has happened in this example of VI Steps? Input is give

SSC/BANKING: Sentence Correction-Tricks and Practice Questions

Hello, Greetings!!  As you all know, SSC Mains/IBPS/RRBs exams are Coming up and English Section plays a very important role in your overall selection. So, we've decided to help you with all the tricky and advance scenarios in English Grammar. We'll keep you informed about such Complex Sentence Structures. There are six basic kinds of errors in the grammar of a sentence.  Error type-1  Subject -verb agreement  Error type -2. Errors of modifiers  Modifiers are words / group of words / phrases in one part of sentence , which modify another part of the sentence.  In correct written English ,the modifier has to be kept as close as possible to the word or clause it modifies.  Ex- bruised and battered, Ravi gave his Car to the mechanic.  Bruised and battered , the car was given to the mechanic by Ravi.  Errors type -3 errors in the usage of Pronouns .  The pronouns used in a sentence should agree with their antecedents.  Error type - 4 error in the tense of the verbs.  Er

Quant Study Notes: Ratio and proportion

What is Ratio? Ratio is a mathematical term used to compare two similar quantities expressed in the same units. The ratio of two terms ‘x’ and ‘y’ is denoted by x : y. In ratio x : y , we can say that x as the first term or antecedent and y, the second term or consequent. In general, the ratio of a number x to a number y is defined as the quotient of the numbers x and y i.e. x/y.  Example:  The ratio of 25 km to 100 km is 25:100 or 25/100, which is 1:4 or 1/4, where 1 is called the antecedent and 4 the consequent. Note that fractions and ratios are same; the only difference is that ratio is a unit less quantity while fraction is not.  Compound Ratio Ratios are compounded by multiplying together the fractions, which denote them; or by multiplying together the antecedents for a new antecedent, and the consequents for a new consequent. The compound of a : b and c : d is   i.e. ac : bd.  Properties of Ratio: a : b = ma : mb, where m is a constant a : b : c = A : B : C is equivale

Folk Dances in India

We are providing dances form of different states of India. ALL THE BEST...

Important TRICKS: Jumbled Paragraph(Sentence Rearrangement)

By Bankersadda Hello, Greeting!! You all are preparing for govt. competitive exams (SSC, BANKING etc.) and We've realized that most of the students are not comfortable in English Section, especially when it comes to Jumbled Paragraph. All of you dread this section but worry No more. Today, we present to you "One-stop Solution to all your confusions". Today in this post we'll introduce and demystify JUMBLED PARAGRAPHS. We suggest you to read and note down all the points.  Whenever You solve such Questions apply the following tricks. we've compiled all the tricks and rules in the best possible way so that you can master Sentence Arrangements (jumbled paragraph) with little effort. Learn, Memorize and Practice. What are Para jumbles? Para jumbles are jumbled paragraphs. Basically, you are given a paragraph - but the sentences are not in the right order. It's up to you to untie this knot and rearrange the sentences so that they logically make sense. The app

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