Friday, 29 September 2017

Daily Update On Current Affairs - September 29, 2017

Current Affairs

Here's your daily summary of Current Affairs.

BHU Appoints its First Woman Chief Proctor

The Banaras Hindu University has appointed Professor Royana Singh as its Chief Proctor. She will be the first woman to hold the post, as per an official of the 101-year-old Central University, Mrs. Singh is a professor in the Anatomy department of the Institute of Medical Sciences. She takes charge after O.N Singh resigned from the post of Chief Proctor taking “moral responsibility” for the incident of lathi charge on students who were protesting against the victim-blaming of a colleague who was molested in the campus. Mrs. Singh is also the chairman of the Women's Grievance Cell of the BHU. Girish Chandra Tripathi is the Present Vice-Chancellor of BHU. The Founder of BHU is Madan Mohan Malaviya.

Union Cabinet approves pact with Belarus

On the 27th Sept 2017, the Union Cabinet approved the MOU with Belarus in the oil and gas sector and the Bilateral Investment Treaty. Under the MOU, both the countries will work towards cooperation in the areas of upstream and downstream activities, capacity building, technology transfer, enhanced oil recovery and development of mature oil fields in India. It will enhance the trade and cooperation in the oil and gas sector between the two countries. The MOU will be operational for three years from the date of signing.

Maharashtra signs MOU with South Korea for infrastructure projects  

The state of Maharashtra has signed an MOU with the Republic of South Korea for infrastructure projects. This was done on the 26th Sept 2017. This was announced by the Maharashtra Chief Minister who is on a visit to South Korea. The MOU would help with implementation strategy, legal systems, policies, technological information in the infrastructure sector. Seoul is the capital of South Korea and the national currency is the South Korean Won.

Russia, US Partner to Build 1st Ever Space Station Near Moon

Russian and US space agencies, Roscosmos and NASA, have agreed to jointly build a "deep space gateway", the first-ever astronaut-tended space station around the Moon. The gateway would help prepare for manned missions to deep space destinations including Mars. NASA and Roscosmos are two of the major partners in the $100-billion Earth-orbiting International Space Station (ISS). Following in the footsteps of the International Space Station, the moon ship would be open to astronauts and cosmonauts from around the world. Robert M. Lightfoot Jr. is NASA Acting Administrator. NASA was established in 1958. NASA stands for National Aeronautics and Space Administration.

ICICI Bank Launches ‘Cashback’ Home Loans

India’s largest private sector Bank, ICICI Bank announced a new home loan scheme that offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. The offer will be valid for home loans with a minimum tenure of 15 years and a maximum tenure of 30 years. Customers can choose to adjust the cashback against principal outstanding of their home loan. The cashback will start to accrue from the first EMI itself. It will first get credited to the customer after completion of the 36th EMI. The CEO of ICICI Bank is Chanda Kochhar. The Head office of ICICI is in Mumbai.

ADB to Increase Annual Lending to India to $4 billion

The Asian Development Bank will increase its annual lending to India to a maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle-income status. The proposal was endorsed at new ADB Country Partnership Strategy for 2018- 2022. The new lending programme, which includes private sector operations, is much higher than the average $2.65 billion a year in loans extended during 2012 and 2016. ADB headquarters in Manila, Philippines. Takehiko Nakao is the President of ADB.

World Maritime Day: 28 September

The World Maritime Day is celebrated across the world on 28 September. The theme for 2017 World Maritime Day is ‘Connecting Ships, Ports and People’. The idea behind introducing the theme is to provide an opportunity to focus on the many diverse actors involved in the shipping and logistics areas. It aims to do so by focusing on helping International Maritime Organization (IMO) member states to develop and implement maritime strategies to invest in a joined-up, interagency approach. In 1948, an international conference in Geneva adopted a convention formally establishing IMO. The body was originally named Inter-Governmental Maritime Consultative Organization (IMCO) but the name was changed in 1982 to IMO.

World’s tallest Bamboo idol of Maa Durga built in Assam

On the 26th Sept 2017, over 100 artists built a 100 feet tall Bamboo idol of Maa Durga in Guwahati. This is said to be the tallest Bamboo idol in the world. It aims to enter the Guinness Book of World Records in this category. About 5000 bamboo pieces have gone into making the idol, which is being used in the Durga Puja festival now being celebrated. The idol has been created by art director Nuruddin Ahmed and his team of 40 artists. They have been working on this idol from 1st August 2017.

Manik Bhide has been chosen for Bhimsen Joshi Award

Classical vocal singer Manik Bhide has been chosen for this year’s Bhimsen Joshi award. This was announced by the Maharashtra Government on the 26th Sept 2017. She was selected for the award for her contribution to classical music. It is the highest award in the category of performing arts given by the State Govt. and consists of a cash prize of Rs 5 Lacs.

India to host South Asian Boxing Championship in Guwahati

India will host the South Asian Boxing Championship for the first time in Guwahati from December 6 to 10. Boxing Federation of India (BFI) after its executive committee meeting, stated that the country will also host the ‘India International Open tournament’ in New Delhi in the third week of January. RK Sacheti has been unanimously elected as the new Executive Director of the federation. For the first time, it will initiate a grading system as well on the lines of AIBA’s star rating qualifications for coaches, referee judges. Guwahati is the largest city of Assam and Northeastern India. LGB International Airport -Lokpriya Gopinath Bordoloi International Airport, also known as Guwahati International Airport and formerly as 'Borjhar Airport' also situated in Guwahati.

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TalentSprint Awarded As The Top Education Icon 2017 in Hyderabad for IT Training

Times Education Award

Adding yet another feather to the cap, TalentSprint was awarded the Top Education Icon for 2017 in Hyderabad for IT Training by Times of India.

The Times of India Group conducted a research to find and award the best in Education and Training. About 240 Educational Coaching Institutes in different categories participated in this survey.

The objective of this research was to arrive at Top Education Icons of Hyderabad in their respective categories. This survey had 4 major modules to analyze and arrive at the final winner, i.e., Teachers/Faculty, Infrastructure, Teaching Methodology, and Placements.

TalentSprint - Leader of the IT Training Industry

We are now the leader in the IT Training field in Hyderabad, owing to our excellent infrastructure, teaching methodology, and external certification programs such as AMCAT, ISTQB, Mettl, & Versant.

The other contributors to our success are as below --

Technological Innovation: The AI-Based Personalised Learning Bot and the Digital Learning Portal implemented on Open EdX Platform have been a huge hit among the job seekers. The bot, aptly named Tia (Test Improvement Adviser) can analyze the student’s performance and recommend study plans based on their strengths and weaknesses.

Digitally Driven Content: All sessions consist of 20% Theory and 80% Problem-Solving. The prime focus of our programs is to develop "Programmatic Thinking" rather than learning "Programming Language". Digital Learning Platform, Open EdX has a large bank of video lectures, practice problems, and self-assessment tests. This ensures that the content is fully-centralized, making training delivery 'content-specific' rather than 'trainer-specific'.

State-of-the-art Facilities: Our classroom setup resembles closely to a corporate workplace, with a dedicated system for every student with internet connectivity to maximize learning.

Placement Induction Sessions: Every trainee gets the opportunity to attend Placement Induction Sessions at the end of the training and before entering the placement pool. This is a special mentoring program to brief the trainees on the industry standards of job interviews and the hiring processes.

Extensive Industry Exposure: The trainees have periodic interaction with the industry stalwarts, mostly the business heads of the Blue-Chip companies in our #WhatIndustryWants events. These sessions have been a massive hit among the job seekers.

Speaking at the award function, Faizul Hassan, Vice President - Sales & Marketing, said, “This is a moment of joy and pride. It is an affirmation of our reputation and training. We, therefore, would like to dedicate this award to the joint and congenial efforts of the trainees, faculty and the support staff, who believe in us and have embraced TalentSprint programs. To them, we owe a tonne of gratitude for choosing us.”

For more information on our IT programs and training modules, check out this link:
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Thursday, 28 September 2017

Daily Update On Current Affairs - September 28, 2017

current affairs

Here's your daily summary of Current Affairs.

INS Tarasa Commissioned into Indian Navy 

INS Tarasa, a Water Jet Fast Attack Craft intended for extended coastal and offshore surveillance and patrolling, was commissioned into the Indian Navy. Western Naval Command chief Vice Admiral Girish Luthra has commissioned the vessel. The vessel has been built in Kolkata. It is the fourth and last of the Water Jet FACs built by Garden Reach Shipbuilders & Engineers, Kolkata. The first two, INS Tarmugli and INS Tihayu were commissioned in 2016 and are based in Vishakhapatnam. The third, INS Tillanchang, was commissioned in March 2017 and is based in Karwar. INS Tarasa is 50 metres long, powered by three waterjets which give it a speed of over 35 knots (65 kmph), and is armed with a 30mm main gun and many lights, medium and heavy machine guns. It is commanded by Lt Commander Praveen Kumar.

Maharashtra Govt Signs MoU with South Korea   
The Maharashtra government has signed a MoU with South Korea for increased co-operation in infrastructure projects like development of smart cities, roads, airports and metros on the first day of Chief Minister Devendra Fadnavis’ visit to that country. This MoU is to help with implementation strategy, legal systems, policies, technologies and information in infrastructure development. Fadnavis embarked on a three-day tour to South Korea and Singapore. Shri Chennamaneni Vidyasagar Rao is the present governor of Maharashtra.

CISF Security at Mumbai Airport Rated Best in World      
The Central Industrial Security Force (CISF) security at the Chhatrapati Shivaji International Airport (CSIA) in Mumbai has been recognised as the best service in this domain by a global quality rating agency. The latest initiative of doing away with the tagging and stamping of hand baggage, handling increasing passenger footfalls smoothly, and feeling of being safe and secure by passengers, etc, were taken into account while deciding the award. The CISF has been providing security coverage to the CSIA, the second busiest and hypersensitive airport in India, since August 21, 2002. In July, a WQC survey adjudged CISF security cover at Delhi's Indira Gandhi International Airport as best. O.P. Singh is the Director General of Central Industrial Security Force (CISF).

WEF’s Global Competitiveness Rankings: India Ranks 40th            

India remains the most competitive country in South Asia, appearing at No. 40 in the global competitiveness ranking of 137 countries by the World Economic Forum (WEF). The ranking is one lower than last year. According to WEF, India’s score is its highest ever according to the current methodology, which ranked Switzerland as the world’s most competitive economy. India ranks 3rd among BRICS nations.           
The world’s top three competitive economies are- 
1. Switzerland,          
2. The United States of America,     
3. Singapore. 
China (27th) and Russia (38th) outshine India among the BRICS group of large emerging markets.

Angola Swears in its First New President After 38 Years   

Angola swore in Joao Lourenco as the country's President, making him the first new President of the country in 38 years. This comes after the previous president, Jose Eduardo dos Santos, announced his retirement and chose Lourenco as his successor. Lourenco, who had served as Angola's Defence Minister earlier, vowed to attract more foreign investment. The People's Movement for the Liberation of Angola (MPLA) has governed since Angola's hard-fought independence from Portugal in 1975, with Dos Santos taking power in 1979. Angolan kwanza is the Currency of Angolia. Luanda is the capital city of Angolia.

IDBI Bank Launches ‘Project Nishchay’ for Turnaround   

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. BCG will assist the bank to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank. Managing Director and CEO of IDBI Bank is Mahesh Kumar Jain. IDBI Bank Headquarters is in Mumbai.

RIL World’s 3rd Largest Energy Firm: Platts Rankings   
Reliance Industries Ltd (RIL) is the world’s third-biggest energy company behind Russian gas firm Gazprom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings. State-owned Indian Oil Corp (IOC) climbed to 7th position in the 2017 ranking, up from 14th rank in 2016. Oil and Natural Gas Corp (ONGC) was placed at 11th position in 2017 as against 20th in 2016. Coal India Ltd, the world’s largest coal producer, was the only Indian firm to have slipped in the ranking - 45 in 2017. Russia’s Gazprom snagged the number 1 spot, ending US oil and gas giant ExxonMobil’s 12-year reign at the top of the list.

27 September: World Tourism Day      

27th September is observed as the World Tourism Day. Observance of the day aims to foster awareness amongst the international community about the importance of tourism and its social, economic, political and cultural values for countries. The theme for this year’s World Tourism Day is “sustainable tourism-a tool for development".
Current Affairs
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Wednesday, 27 September 2017

How To Prepare For IBPS PO English Section? Learn From IBPS PO Question Paper 2016.

IBPS PO Question Paper 2016

Every year, IBPS PO English section is known to be one of the most challenging sections of IBPS PO Exam. The section can be cracked easily if you undertake English Mock Tests daily and learn all the grammar hacks that can help you crack the IBPS PO English Section of the IBPS PO 2017 Exam. 

In this post, we will discuss IBPS PO question paper 2016 to help you understand the IBPS PO English section and the type of questions that will be asked in IBPS PO 2017.

IBPS PO Question Paper 2016: Question 1

Directions: Rearrange the following six sentences A, B, C, D, E, and F in the proper sequence to form a meaningful paragraph and then answer the questions given below.

A. It is the only country in the world that is carbon negative, which means it produces more oxygen than it consumes.
B. Bhutan, sandwiched between the two most populous nations on earth, suffers for their sins.
C. so far, so good. But then, two things happened.
D. carbon sinks, 70% forest cover, powered almost entirely by mountain streams - Bhutan is a poster child for green living.
E. glaciers are beginning to melt, flash floods and heavy rains and even droughts are common, and temperatures are climbing.
F. one, India and China got richer.

IBPS PO English Question 1: Which of the following should be the first sentence of the given paragraph?
1) e    2) d    3) c    4) b    5) a

Answer: 2) d

IBPS PO English Question 2: Which of the following should be the third sentence of the given paragraph?
1) a    2) b    3) b     4) d     5) e

Answer: 3) c

IBPS PO English Question 3: Which of the following should be the last sentence of the given paragraph?
1) a     2) c     3) b     4) d     5) e

Answer: 5) e

IBPS PO English Question 4: Which of the following should be the fourth sentence of the given paragraph?
1) f     2) c     3) b     4) e     5) d

Answer: 1) f

IBPS PO English Question 5: Which of the following should be the second sentence of the given paragraph?
1) b     2) d     3) a     4) c     5) e

Answer: 3) a

IBPS PO Question Paper 2016Question 2

Directions: Identify the error in the sentences given below, if there is no error, click option (5).

1) The need to set up
2) a good library in the locality
3) has been in the minds of people
4) for some time now
5) no error

Correction: has been in the minds of people

has been in the minds of the people

Answer: 3) has been in the minds of people

IBPS PO Question Paper 2016Question 3

Directions: Identify the error in the sentences given below, if there is no error, click option (5).

1) Most people would have
2) attended the union meeting
3) if they had
4) had longer notice of it.
5) no error

Explanation: had longer notice of it

had a longer notice of it

Answer: 4) had longer notice of it

IBPS PO Question Paper 2016Question 4

Directions: Identify the error in the sentences given below, if there is no error, click option (5).

1) He took to
2) reading Times
3) for better knowledge
4) of the facts.
5) no error

Explanation: reading Times 

reading the Times

 Answer: 2) reading Times

IBPS PO Question Paper 2016Question 5

Directions: Identify the error in the sentences given below, if there is no error, click option (5).

1) When children have difficulty understanding
2) a certain mathematical process, it is often because
3) their teachers do not understand it conceptually
4) themselves and do not present it in a way that children can understand.
5) no error.

Explanation: When children have difficulty understanding

When children have difficulty in understanding

 Answer: 1) When children have difficulty understanding

IBPS PO Question Paper 2016Question 6

Directions: Identify the error in the sentences given below, if there is no error, click option (5).

1) The bridal dress was
2) most unique: the prince
3) designed it and his
4) mother provided the lace fabric.
5) no error

Explanation: most unique: the prince

unique: the prince

 Answer: 2) When children have difficulty understanding

IBPS PO Question Paper 2016

IBPS PO Question Paper 2016: Question 7

IBPS PO English Previous Year Reading Comprehension: 

Governments looking for easy popularity have frequently been tempted into announcing give-a-ways of all sorts; free electricity, virtually free water, subsidised food, cloth at half price. and so on. The subsidy culture has gone to extremes: cooking gas (used mostly by the top 10% of income-earners ) has been sold at barely half its cost. The wealthiest people in the country have had access for years to subsidised sugar. The richest farmers in the country get subsidised fertilizer. University education, typically accessed by the wealthier sections, is charged at a fraction of cost. Postal services are subsidised, and so are railway services. Bus fares cannot be raised to economical levels because there will be violent protests, so bus travel is subsidised too. In the past, price control on a variety of items, from steel to cement, meant that industrial consumers of these items got them at less than actual cost, while the losses of the public sector companies that produced them were borne by the taxpayer! A study done a few years ago came to the conclusion that subsidies in the Indian economy total as much as 14.5% of the gross domestic product. At today's level, that would work out to about Rs.150,000 crore.

And who pays the bill? The theory ---- and the political fiction on the basis of which it is sold to unsuspecting voters --- is that subsidies go to the poor, and are paid for and by the rich. The fact is that most subsidies go to the 'rich' (defined in the Indian context as those who are above the poverty line), and much of the tab goes indirectly to the poor. Because the hefty subsidy bill results in fiscal deficits, which in turn push up rates of inflation--which, as everyone knows, hits the poor the hardest of all. That is why taxmen call inflation the most regressive form of taxation.

The entire subsidy system is built on the thesis that people cannot help themselves, therefore governments must do so. That people cannot afford to pay for the variety of goods and services, and therefore the government must step in. This thesis has been applied not just in the poor countries, but in the rich ones as well; hence the birth of the Welfare State in the West, and an almost Utopian social security system; free medical care, food aid, old age security, But with the passage of time, most of the wealthy nations have discovered that their economies cannot sustain this social safety net, which in fact reduces the desire among people to pay their own way, and takes away some of the incentive to work. In short, the bill was unaffordable, and their societies were simply not willing to pay. To the regret of many, but because of the law of economies are harsh, most Western societies have been busy pruning the welfare bill.

In India, the lessons of this experience over several decades, and in many countries do not seem to have been learnt or they are simply ignored in the pursuit of immediate votes. People who are promised cheap food or clothing do not in most cases look beyond the gift horses-to the question of who picks up the tab. The uproar over higher petrol, diesel and cooking gas prices ignored this basic question; if the user of cooking gas does not want to pay for its cost, who should pay? Diesel in the country is subsidised, and if the trucker or owner of a diesel generator does not want to pay for its full cost, who does he or she think should pay the balance of the cost? It is a simple question, nevertheless, it remains unasked.

The Deva Gowda government has shown some courage in biting the bullet when it comes to the price of petroleum products. But it has been bitten by a much bigger subsidy bug. It wants to offer food at half its cost to everyone below the poverty line, supposedly estimated at some 380 million people. What will be the cost? And of course, who will pick up the tab? The Andhra Pradesh government has been bankrupted by selling rice as Rs. 2 per kg. Should the Central government be bankrupted too, before facing up to the question of what is affordable and what is not? Already, India is perennially short of power because the subsidy on electricity has bankrupted most electricity boards, and made private investment wary unless it gets all manner of State guarantees. 

Delhi's subsidised bus fares have bankrupted the Delhi Transport Corporation, whose buses have slowly disappeared from the capital's streets. It is easy to be soft and sentimental, by looking at programmes that will be popular. After all, who does' not like a free lunch? But the evidence is surely-mounting that the lunch isn't free at all. Somebody is paying the bill. And if you want to know who, take a look at the country's poor economic performance over the years.

IBPS PO Question Paper 2016:

Reading Comprehension Question 1:  Which of the following should not be subsidised over the years?
1) University education  2) Postal services  3) Steel  4) Other than those given as options  5) All of the above options

Answer: 5) All of the above options

IBPS PO Question Paper 2016

Reading Comprehension Question 2: The statement that 'subsidies are paid by the rich and go to the poor' is       
1) fiction  2) fact  3) fact, according to the author  4) fiction, according to the author  5) Other than those given as options

Answer:  4) fiction, according to the author

IBPS PO Question Paper 2016

Reading Comprehension Question 3: Why do you think that the author calls the western social security system Utopian?
1) The countries believe in the efficacy of the system was bound to turn out to be false.
2) The system followed by these countries is the best available in the present context.
3) Everything under this system was supposed to be free, but people were charging money for them.
4) The theory of system followed by these countries was devised by Dr. Utopia.
5) All the options are responsible.

Answer: 1) The countries believe in the efficacy of the system was bound to turn out to be false.

IBPS PO Question Paper 2016

Reading Comprehension Question 4: It can be inferred from the passage that the author

1) believes that people can help themselves and do not need the government.
2) believes that the theory of helping with subsidy is very destructive.
3) believes in democracy and free speech.
4) is not a successful politician.
5) believes that subsidies are the best way to help poor.

Answer: 2) believes that the theory of helping with subsidy is very destructive.

IBPS PO Question Paper 2016

Reading Comprehension Question 5: Which of the following is not a victim of extreme subsidies?
1) The poor  2) The Delhi-Transport Corporation  3) The Andhra Pradesh government  4) Other than those given as options  5) The rich

Answer:  4) Other than those given as options

IBPS PO Question Paper 2016

Reading Comprehension Question 6: Which of the following is not true in the context of the passage?

1) Where subsidies are concerned, the poor ultimately pay the tab.
2) Inflation is caused by too many subsidies.
3) Experts call subsidies the most regressive form of taxation.
4) Fiscal deficits are caused due to heavy subsidy bills.
5) None of the following is true in the context of the passage.

Answer: 3) Experts call subsidies the most regressive form of taxation.

IBPS PO Question Paper 2016

Reading Comprehension Question 7: A suitable title to the passage would be:

1) There's No Such Thing as a Free Lunch
2) The Economic Overview
3) Deva Gowda's Government and its Follies
4) It takes Two to Tango
5) The Rich and The Poor: Extreme Partiality

Answer: 1) There's No Such Thing as a Free Lunch

Watch our expert faculty explain you in detail these questions and English concepts which will help you understand English hacks to crack IBPS PO English Section easily.

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What Exactly Does A Bank PO Do In A Bank? Read On To Find Out!

Bank Po
What is this huge hype about the Bank PO? Every 5th youth of the nation wants to be a Bank PO and prepares either for IBPS PO or SBI PO Exams. But many of us don’t know what a bank PO does or what his exact job profile is? Everybody wonders, just like you. Here, in this post, we have discussed regular work or the job profile of a Bank PO to make it easy for you to know about a bank PO job profile and prepare you for IBPS PO Exam.

Who is a Bank PO?

A Bank PO, also known as a Probationary Officer, is an assistant manager who is under the probation period when he first joins the office. The probation period can be between 1- 2 years. Career growth for a Bank PO is immense but there is a lot of responsibilities and tasks attached to the job role as well.

As many of you might know, several MDs of the PSU Banks had started their careers as a Bank PO. 

What are the responsibilities of a Bank PO?

A candidate who gets selected as a Bank PO undergoes training for the first phase of his employment and then he is posted in any branch of the bank. A Bank PO doesn’t have a specific job role. He is a multi-tasker who performs varied tasks.

Growth Structure of a Bank PO

Bank Po

Here is the list of responsibilities that a Bank PO has to undertake:

1. Customer Service: Customer comes first in any business, job or in a bank. For a business to grow and expand it has to assist and advise the customers regarding their various products. Similarly, for a Bank to grow and expand in the market it has to facilitate and inform the customers about their services. A Bank PO should serve its customer first. All the queries of a customer should be handled at the best by a Bank PO to help the business grow. Tasks like, opening a new bank account, issuance of new debit/credit card, handling deposits, and loans, issue of a new checkbook, etc. are all a few examples of tasks that a Bank PO does on a regular basis. 2. Cash Handling: A bank is a place where a lot of cash transactions happen. The cash transactions happen on regular basis. Cash deposits and withdrawals are managed by the clerks but the times when the bank is heavily crowded or when a clerk is not present, then the Bank PO is supposed to handle the counter. If the bank is associated with ATM’s then a Bank PO has to maintain the ATM and load it every morning. 3. Advertising and Bringing in New Business: A very important responsibility of a Bank PO is to advertise and promote its new schemes to attract new customers and bring more business to the bank. As a Bank PO, you are supposed to go and meet clients to sell your services as public sector banks do not have marketing or sales executive. The products may be fixed deposits, mutual funds, credit cards, loans, insurance policies, etc. 4. Supervisor: A Bank PO is also a supervisor. He is supposed to manage and supervise the work done by the clerks and other people at the bank. Any difficulty faced by an employee at work should be taken care by the Bank PO. He is a supervisor and he sees to it that all the bank day-to-day activities are carried out properly. 5. Report Verification: Every employee has a day end task to perform. So does the Bank PO. A Bank PO, at the end of each day has to login with his account, take a print of the statement and manually check the statement and make the necessary changes that are to be made. 6. Payment Clearance: The task of clearing the payment is assigned to the clerks but they are supposed to take the clearance authorization from the Bank PO on an amount above the certain limit on the cheque, NEFT/RTGS, DD etc. They do help clerks to solve their problems which arise during the transactions. 7. Loan Processing: The most important and a risky function of a Bank PO is to provide loans to its customers. A Bank PO has to supervise all the documentation process before the loan is granted to the customer.

Though the job of a Bank PO seems lucrative, it is a job of many responsibilities. If you want to become a Bank PO, start your preparation with Talentsprint's online program for Bank PO Exams where we help you achieve your dreams. Our program is an online based program where we give you access to the video lectures on various topics, e-books, live doubt clarification sessions, all India free mock session, and a variety of questions to practice.
IBPS PO 2017

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How To Select The Preferences For Banks While Applying Online For IBPS Clerk 2017 Exam

IBPS Notification is out and the registration for the 7883 vacancies is open for the posts of IBPS Clerk across the country. 

The vacancies for the IBPS Clerk are based state-wise and bank-wise. So before filling the application form, it is mandatory for you to have the complete information regarding the number of vacancies in the various states of the preferred bank.

Why is it mandatory to know about the vacancies state-wise and bank-wise?

The selection process of IBPS Clerk Exam has two phases – Prelims and Mains.

IBPS Clerk Prelims Examination: IBPS Clerk Prelims Exam is the qualifying examination. To qualify for the next level, which is the IBPS Clerk Main Exam, a candidate has to cross the sectional and as well as the overall cutoff of the IBPS Clerk Exam. The marks obtained in the IBPS Clerk Prelims exam will not be considered for the final merit list.

IBPS Clerk Main Examination: This is the last phase for the IBPS Clerk Exam. The selection of a candidate depends upon the marks obtained by a candidate in the IBPS Clerk Mains Exam. A candidate has to crack the sectional as well as the overall cutoff to crack the IBPS Clerk Exam. If a candidate clears the IBPS Clerk 2017, then he/she will be posted in the banks which he/she has selected as preferred banks at the time of filling the online application for IBPS Clerk Exam. 

Therefore, it is mandatory for a candidate to have a complete and detailed knowledge about the vacancies state-wise and bank-wise.

There are 19 participating Banks for IBPS Clerk 2017

IBPS Clerk 2017

How to select your Bank for IBPS Clerk Preference Order?

  • Fluency in the official language of the state: IBPS Clerk Exam is a state-level exam. Hence, it is important for you to have a good command over the official language of the state. As per the latest IBPS Clerk Notification, you need to have proficiency in the official language of the state you are applying from for the Clerical post. 
For Example, Telugu Language States are Andhra Pradesh and Telangana. So, if you are applying for these states, you must be fluent in Telugu.

  • Affinity towards Home State: IBPS Clerk 2017 Exam is a state level exam. Which means, after clearing the last phase of the IBPS Clerk Exam you will be allotted your post in the bank as per your preference order that you have given at the time of filling the online application for IBPS Clerk 2017. If you wish to work near your hometown, you can give your preference order accordingly to have higher chances of getting posted in the district or town of your own state. Hence, give your preference to those banks which have the higher number of branches in your own state.
Example: If you choose Andhra Pradesh, after the selection process, you will be posted in any branch of the allotted bank in any district, city or town of Andhra Pradesh.

IBPS Clerk 2017

  • Rank of the Bank: A bank which ranks at the top provides better chances for the career growth and exposure for its employees. It is mandatory to score high to secure a position among the top ranking banks. 

List of banks according to their ranks

IBPS Clerk 2017

Carefully analyse the above list and make your bank preference list accordingly.

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Daily Update On Current Affairs - September 27, 2017

current affairs
Here's your daily summary of Current Affairs.
Two Indians on the Forbes’ list of most powerful women in International Business

According to the latest list of most powerful women in International Business released on  26th Sept 2017, two Indian women feature in the list. While ICICI Bank’s MD and CEO Chanda Kochhar was ranked No. 5, the MD and CEO of Axis Bank, Shika Sharma, was ranked No. 21. Group Executive Chairman of Spain's Banco Santander Ana Botin topped the list. The 50 global businesswomen represent 17 countries and many industries.
Top three Most Powerful Women in the business list are-        
1. Ana Botin (Spain) 
2. Emma Walmsley (UK)      
3. Isabelle Kocher (France)

Shashi Shankar appointed CMD of ONGC  
Shashi Shankar was appointed as the Chairman and Managing Director (CMD) of India's biggest oil and gas producer ONGC. The Appointment Committee of the Cabinet has approved his appointment to the post of CMD. Shankar, at present director (technical and field services), ONGC, will take over the charge as CMD from October 1. He will replace Dinesh K Sarraf. Mr. Shankar will have a nearly four-year term until March 2021.

Bharat Dynamics Ltd signs contract with Research Centre Imarat

Bharat Dynamics Limited (BDL) has signed a contract with Research Centre Imarat (RCI) for the supply of Medium Range Surface-to-Air Missiles (MRSAM) to Indian Army. The contract was signed to facilitate production, deliveries and product support of MRSAM system for the Indian Army. V. Udaya Bhaskar is the Present CMD of BDL. BDL is headquartered in Hyderabad,

72nd Session of UN General Assembly held in New York

From 12th Sept to 25th Sept 2017, the 72nd Session of the UN General Assembly was held in the headquarters of the United Nations in New York. On 19th Sept 2017, a debate on the theme: "Focusing on People, Striving for Peace and a Decent Life for All” was conducted. On 20th Sept 2017, 50 nations signed a UN Nuclear Ban treaty to prevent the use of nuclear weapons which, if used, can be a disaster for the mankind all over the world. India was represented at the Session by the External Affairs Minister, Ms. Sushma Swaraj.
Acharya Balakrishna is the 10th richest Indian       
Acharya Balakrishna, a close associate of the Yoga Guru Baba Ramdev, who runs the Patanjali group of companies, is now valued as the 10th richest Indian. He has a net worth of Rs 70,000 Cr. Mukesh Ambani, chairman of Reliance Industries, continues to be ranked as the richest Indian for the sixth consecutive year and his worth is estimated to be at Rs 257,900 Cr.

Kandla Port renamed as Deendayal Port     

The Kandla Port has been renamed as the Deendayal Port in honour of the memory of Pandit Deendayal Upadhyaya. The announcement was made on 25th Sept 2017, on the occasion of the commencement of the birth centenary celebrations of the Pandit. Kandla Port in Gujarat, is one of the 12 major ports of the country. It was constructed in the 1950s. It is the largest port in the country in terms of volume of cargo handled.
ISRO’s Mars Orbiter Mission Completes 3 Years in Orbit   

The Indian Space Research Organisation (ISRO) announced that its Mars Orbiter Mission (MOM) which has completed three years in its Martian orbit is in good health and continues to work as expected. On the occasion of completion of three years in its Martian orbit, ISRO released MOM second-year science data from September 24, 2014, to September 23, 2016. The MOM which cost Rs 450 Cr aims at studying the Martian surface and mineral composition. It will also scan its atmosphere for methane which is an indicator of life on Mars. ISRO had launched the spacecraft on its nine-month-long odyssey on a homegrown PSLV rocket from Sriharikota in Andhra Pradesh on November 5, 2013. As Kiran Kumar is the Present Chairman of ISRO.

International Cricket Council makes radical changes in rules     

The International Cricket Council (ICC) has announced several changes to the existing template of how the sport of cricket is played. All the new rules will be implemented from 28th September. The new rules incorporate bat thickness, player conduct, DRS, run outs and catches.   
1. The restriction on the length and width of bats remain unchanged but the thickness of the edges can’t be more than 40mm and the overall depth can be 67 mm at the most.         
2. In a new playing condition pertaining to players’ conduct, a player can now be sent off the field for the rest of the match for any serious misconduct,        
3. The above changes will be applicable across all formats, as will be a change in the DRS rules by which a review will now not be lost in case of a decision that remains unchanged, solely as the result of an ‘umpire’s call’. As for DRS in Test matches, there will be no more top-up reviews after 80 overs of an innings, meaning that there can only be two unsuccessful reviews in each innings, while the DRS will now also be allowed to be used in T20Is.   
4. An important change with respect to run outs is that if a batsman is running or diving towards the crease with the forward momentum, and has grounded his/her bat behind the popping crease but subsequently has lost contact with the ground at the time of the wickets being put down, the batsman will not be run out.           
5. For boundary catches, airborne fielders making their first contact with the ball will need to have taken off from within the boundary, otherwise, a boundary will be scored. Also, a batsman can now be out caught, stumped or run out even if the ball bounces off the helmet worn by a fielder or wicket-keeper.

Hyderabad Airport becomes the first in the country to provide wheelchair lift

The Rajiv Gandhi International Airport in Hyderabad has become the first airport in the country to provide wheelchair lift for passengers. The Verti Lift, as it is called, was launched on 24th Sept 2017. This is part of the “Accessible India” Campaign. To begin with, the passengers arriving at the domestic terminal are being extended this facility. The lift is powered by electricity.
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