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July 31, 2018

Best Books for RBI Grade B officers 2018 (Phase I) Online Exam Preparation

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Important Books for RBI Grade B Officers 2018 (Phase I) Exam

Books for English Language

  • High School English Grammar & Composition by Wren & Martin 
    • Reason for buying this Book :  Explain everything from basics. All topics are explained with good number of examples for practicing. This book has very good number of exercises too, but please note that you have to buy the KEY for the exercises given in this book separately (check the link below). 
    • Link to buy this book : Click HERE to buy this book 
    • Link to buy the Key Click HERE to buy the key 
  • Objective General English by SP Bakshi (Arihant Publication)
    • Reason for buying this Book : Good book with all the concepts fully covered. But not useful for beginners. If you are good at basics, then this book is useful for brushing your knowledge. 
    • Link to buy this book : Click HERE to buy this book 
  • Word power made easy written by Norman Lewis
    • Reason for buying this Book :This book really helps you in improving your vocabulary. If you feel you don't have enough time to read this book, then simply go with the Daily Hindu Vocabulary series published by Gr8AmbitionZ. This will be enough for RBI Grade B exam point of view. 
    • Link to buy this book : Click HERE to buy this book
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SBI PO (Mains) 2017 Previous Paper - PDF Download

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Dear SBI PO 2018 aspirants, today we are giving you the PDF File of SBI PO (Mains) 2017 Previous Paper. This pdf file consists all questions from all sections viz, (Reasoning, Computer Aptitude, Data Analysis and Interpretation, General Awareness and English Language) asked in the SBI Probationary Officers (PO) 2017 Main online exam which was held on 4th July 2018 along with detailed explanations. You can download this paper from below link. Download it and practice well. Please don't forget to share your review of SBI PO Mains 2018. All the Best :)



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Indian Bank Probationary Officers Recruitment 2018 (PGDBF) - 417 Posts

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Friends, the Indian Bank is inviting online applications from young and bright graduates who fulfill the eligibility criteria specified and who are interested in Banking career, for admission to the one year Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB), which has been set up jointly by Indian Bank and Manipal Global Education Service Pvt Ltd.

Candidates will be selected through a selection process consisting of Online Exam (Preliminary & Main Examination) followed by Personal Interview. Admission to PGDBF at Indian Bank Manipal School of Banking (IBMSB) comes with the assurance of a full-fledged Banking career with Indian Bank as a Probationary Officer on successful completion of the course. You can apply online from tomorrow (1st August 2018) to 27th August 2018. Check compelte details below. All the Best :)


Name of the Bank : Indian Bank

Name of the Post : Probationary Officers

Name of the Course Post Graduate Diploma in Banking and Finance (PGDBF) 

Important Dates :
  • Starting Date of Online Registrations : 1st August 2018
  • Last Date for Online Registrations : 27th August 2018
  • Download of Call Letters for Online Exam (Prelims) : After 24th September 2018
  • Date of Online Exam (Preliminary) : 6th October 2018
  • Result of Online Exam (Preliminary) : 17th October 2018
  • Download of Call Letters for Online Exam (Mains) : 22nd October 2018
  • Date of Online Exam (Mains) : 4th November 2018
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31st July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (31st July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 31st July 2018


International Current Affairs
  • The United States has granted Strategic Trade Authorization-1 (STA-1) status to India.
    • This status allow India's easier access to sensitive and high-technology products. 
    • This  move also will reduce the number of licenses required for US exports to India and allow easier sale of defence technologies. 
    • Important Point to Note : India is the only south Asian nation among the 36 countries that have been granted STA-1 status.
  • Cambodia’s ruling party CPP ( Cambodian People's Party) has won an expected victory in an election Sunday widely considered illegitimate after the only credible opposition was silenced.
    • This election ensures that long-ruling Prime Minister Hun Sen, who has been in power since 1985, will serve another five-year term.
    • About Combodia :
      • Capital : Phnom Penh
      • Official Language : Khmer
      • Currency : Riel
      • King : Norodom Sihamoni
      • Prime Minister : Hun Sen
      • President of the Senate : Say Chhum
      • President of the National Assembly : Heng Samrin
National Current Affairs
  • The 2-day Unified Commanders' Conference (UCC) for the year 2018 concluded today at New Delhi.  
    • The Annual Conference provides a platform for discussions at the Apex Level on all 'Joint Issues' amongst the three Services and Ministry of Defence and enables stock-taking of the previous year and planning the way ahead for the next year.
    • The Conference was attended by Defence Minister Nirmala Sitharaman, State Defence Minister, National Security Advisor, the Chiefs of Army, Navy and Air Force and other Senior Military and Civil Officials of the Ministry of Defence and Tri-Service Organisations/Institutions.
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RBI cancels licenses of over 100 NBFCs

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The Reserve Bank of India (RBI) today announced that it has cancelled the licenses of as many as 35 Non Banking Financial Companies (NBFCs). The bank has cancelled the lincences of over 100 NBFCs in the month of July. From now onwards, these companies will not be able to do the business of a non-banking financial institution. 

What are NBFCs ?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956. NBFCs are financial institutions that offer various banking services, but do not have a banking license. Generally, these institutions are not allowed to take deposits from the public, which keeps them outside the scope of traditional oversight required under banking regulations. NBFCs can offer banking services such as loans and credit facilities, retirement planning, money markets, underwriting and merger activities.

Difference between Banks & NBFCs

NBFCs lend and make investments and hence their activities are similar to that of banks; however there are 3 major differences between Banks and NBFCs. They are :
  1. NBFC cannot accept demand deposits.
  2. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

Why RBI Cancelled the licenses of NBFCs

Under the PMLA (Prevention of Money Laundering Act, 2002), the NBFCs are required to furnish details about the identity of their clients, maintain records and furnish the information to the Financial Intelligence Unit.  Several NBFCs are facing closure for violation of these rules. Over 1,200 NBFCs flagged as "high risk" prone for not complying with a provision of the anti-money laundering law and in April RBI asked them to submit their records to the government be identified as legally compliant. If they fail, RBI will cancel their licenses.

Check Complete Banking Awareness Lessons 2018 for SBI PO and Clerks from HERE

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31st July 2018 Hindu Editorial Vocabulary - PDF Download

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Hai Friends I'm Kani. Here I'm sharing English Vocabulary from Editorial section of The Hindu News Paper dated 31st July 2018. Happy reading :)

Note : Click on titles to read Editorials from THE HINDU News Paper

Download PDF Version of Hindu Editorial Vocabulary 31st July 2018 from HERE

  • Draft - to write something such as a legal document, speech, or letter that may have changes made to it before it is finished
  • Panel - a group of people who make decisions or judgments
  • Vast - extremely large
  • Jurisdiction - a country or area in which a particular legal system operates
  • Framework - a set of principles, ideas etc that you use when you are forming your decisions and judgments
  • Concern - a feeling of worry about something, especially one that a lot of people have about an important issue
  • Oblivious to - not noticing something, or not knowing about it
  • Harness - to get control of something in order to use it for a particular purpose
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6th IAA Business Leadership Awards 2018 Winners List

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Honoring individuals in the fields of Marketing, Advertising and Media, who have made enormous professional contributions and delivered business success to their companies, the International Advertising Association's (IAA) India Chapter has announced winners for it's 6th edition of Coveted Leadership Awards for 2018. Ajay Piramal, chairman, Piramal Group was honoured as the IAA Business Leader of the Year 2018. Here is the complete winners list.

Complete Winners List of IAA Leadership Awards 2018

  • IAA Business Leader of the Year : Ajay Piramal, Piramal Group.
  • IAA Media Agency Leader of the Year : Harish Shriyan, Omnicom Media Group India.
  • IAA Creative Agency Leader of the Year : Arun Iyer, Lowe Kintas.
  • IAA Media Person of the Year : Arnab Goswami, Republic TV.
  • IAA Editor of the Year : Sukumar Ranganathan, Hindustan Times.
  • IAA TV Anchor of the Year : Faye D'Souza, Mirror Now.
  • IAA Brand Endorser of the Year : Karan Johar.
  • IAA Hall Of Fame : Sam Balsara, Madison World.
  • Marketer of the Year-Auto (Four wheelers) : Tarun Garg, Executive director Sales and Marketing, Maruti Suzuki India Limited.
  • Marketer of the Year-Auto (Two wheelers) : YS Guleria, Vice President Marketing Honda Motorcycle and Scooter India.
  • Marketer of the Year- Mobile Devices : Karan Shroff, Head-Brand Marketing, Xiaomi Technology India.
  • Marketer of the Year-E commerce : Shoumyan Biswas, Vice-President, marketing, Flipkart.
  • Marketer of the Year, Consumer Durables : Ranjivjit Singh, Senior VP Marketing, Samsung India electronics.
  • Marketer of the Year- Consumer Durables, (others) : Amit Gujral, CMO, LG Electronics India.
  • Marketer of the Year- Cellular Services : Pankaj Pawar, Business Head, Jio.
  • Marketer of the Year FMCG- Food : RS Sodhi, Gujrat Co-operative Milk Marketing Federation(Amul).
  • Marketer of the Year- FMCG- Beverages : Anjana Ghosh, Director Marketing, Bisleri International.
  • Marketer of the Year-FMCG- Personal care : Sandeep Kohli, Executive director, Personal Care, unlever Group.
  • Marketer of the Year- FMCG-Homecare : Priya Nair, Executive Director, Home Care Unilever group.
  • Marketer of the Year- Banking and Finances : Anil Ramachandran, Head-Marketing and retail Unsecured assets, Consumer Banking, IndusInd Bank Limited
  • Marketer of the Year-Insurance : Sarojini Dikhale-Executive Diector-Marketing, CMO, Life nsurance Corporation of India.
Note : For the first time in 80 years IAA World Congress is being hosted in Kochi in February 2019.

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Punjab and Sind Bank Recruitment of Deputy General Managers, Assistant General Managers & Managers 2018

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Friends, the Punjab and Sind Bank, a government owned bank with headquarters in New Delhi is inviting online applications from eligible aspirants for filling up the posts of Chief Technology Officer – Deputy General Manager, Chief Financial Officer – Deputy General Manager, Chief Risk Officer – Deputy General Manager, Deputy General Manager – Credit, Assistant General Manager – Law, Assistant General Manager – Industrial Relations, Chief Manager – Economic Research and Manager - Law for the year 2018. There are 27 posts in total. Last date for online applications is  9th August 2018. Check complete details below. All the Best :)

Name of the Bank : Punjab and Sindh Bank

Vacancy Details & Eligibility Criteria

Chief Technology Officer - 1 Post
  • Age : 42 to 52 years
  • Education : First class Graduate in Electronics/I.T Engineering/I.T Systems Engineering/ Computer Science /MCA with 15 yrs experience   
Chief Financial Officer    - 1 Post
  • Age : 42 to 52 years
  • Education : Chartered Accountant / Cost Accountant / MBA (Finance) with 15 yrs experience   
Chief Risk Officer - 1 Post
  • Age : 42 to 52 years
  • Education : Post Graduate in Applied Statistics/ Statistics/ Economics/ MBA (Finance) with 15 yrs experience   
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SBI PO 2018 : letter to Bank Manager about Debit Card

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Write a letter to the Bank Manager about issuing a debit card. 

New Delhi,
31st July, 2018.

The Manager 
State Bank of India,
Karol Bagh Branch, 
New Delhi. 

Subject : Issuing a debit card

Dear Sir/ Ma'am, 

This is to bring to your kind notice that I have a saving accounts in your bank for the last five years.
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July 30, 2018

SBI Clerk Main Exam Previous Papers PDF Download

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SBI Clerks Mains Previous Papers

Friends, hope your preparation for upcoming SBI Clerks Mains Online Exam 2018 is going well. To boost your preparation, today we are giving you the Completely Solved question paper of SBI Clerks 2016 Main exam held on 25th June 2016. (The State Bank didn't conduct exam for clerical cadre in the year 2017). Hope this previous paper will help you in getting the basic idea of the pattern and difficulty level of SBI Clerks 2018 Mains exam. You can download the pdf file from the link given below. We will arrange previous paper of SBI Clerks Mains 2015 by tomorrow. If you have any issues downloading the below file, please mail us so that we will forward it to you. All the Best :)



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Essays for SBI PO 2018 : Role and Future of Banking Sector in India

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Essay : Role and Future of Banking Sector in India

The banking system has played a pivotal role in the economic development of the country. The Indian banking sector comprises of both public and private sector players and is regulated by Reserve Bank of India (RBI). 

Role of Banking Sector

  1. Mobilise Savings Banks encourage people to park their hard earned money with them by providing them rate of interest on the same. These funds are later used for the purpose of investments and development of the country. In a way, it is a win-win situation for both.
  2. Financial Inclusion Even in today's time, we have a lot many people who are not aware about the schemes launched.by the government. Banks play an important role in financial inclusion by connecting and updating the people with this knowledge. Banking correspondents and representative contribute to the same. 
  3. Provide Short and Long Term Loans Banks are the most reliable source of undertaking loans for the purpose of business, education etc. 
  4. Sectoral Development NABARD is the apex bank for the development in country. It takes care of the specific needs of farmers, small and medium enterprises. Exim bank provides funds for exports and imports. RRBs (Regional Rural Banks) cater to the need of rural areas.
  5. Technological Revolution Banks have played an important role in ushering the era of technological revolution in the form of digital banking, mobile wallets, electronic transactions (RTGS, NEFT, IMPS etc.) 
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30th July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (30th July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 30th July 2018

International Current Affairs
  • Today (30th July) is World Day against Trafficking in Persons.
    • This day was established by the UN General Assembly in the year 2013.
    • Aim of this Day : To raise awareness of the plight of victims of human trafficking and to protect their rights.  
    • Theme of World Day against Trafficking in Persons 2018 : ‘Responding to the trafficking of children and young people
  • The International Conference on strengthening economic ties between India and Vietnam was recently held at New Delhi.
    • Aim of this conference : To enhance the bilateral economic partnership in the fast approaching Asian Century for upholding economic prosperity not only in South-east Asia but the entire Asian region.
  • Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan today announced that he will take oath as Pakistan’s Prime Minister on August 11.
    • Note : His political party has emerged as the single largest party in the National Assembly (NA) after the July 25 elections, but it is still short of numbers to form the government on its own.
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SBI hikes Fixed Deposit (FD) Rates

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India's largest lender State Bank of India (SBI) today hiked it's Fixed Deposit (FD) Interest Rates by upto 10 basis points. The new interest rates, which are effective from July 30, are applicable on retail deposits below Rs 1 crore.

Interest rates have been hiked in the range of 5 basis points to 10 basis points, which translates to a rise by 0.05 per cent to 0.1 per cent.

Under the revised rate structure, the deposits for 1 year to 2 years will now accrue 6.7 percent as against 6.65 percent earlier.

For senior citizens, while term deposits of one year to less than two years will fetch 7.20% interest as against 7.15% earlier, term deposits of five years and up to ten years will earn 7.35% interest as against 7.25% before.

For investments from 2 years to 3 years, the interest rate has also been revised to 7.3 percent from earlier 7.15 percent.

Revision in Interest Rates On Retail Domestic Term Deposits (Below Rs 1 Crore) w.e.f. 30th July 2018


Revision in Interest Rates on Domestic Bulk Term Deposits (Rs 1 Crore to Rs 10 Crore) w.e.f. 30th July 2018

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Meet the new CEO of HSBC India - Surendra Rosha

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The Hong Kong and Shanghai Banking Corp Ltd (HSBC) today appointed Surendra Rosha as the Chief Executive Officer (CEO) of it's Indian operations. He is going to replace the present CEO Jayant Rikhye, who is going to leave the bank due to medical reasons.

50 year old Rosha, currently HSBC's Head of Financial Institutions Group (FIG) for Asia-Pacific, joined the bank in 1991. He has worked in multiple roles in forex trading, corporate treasury sales, treasury and capital markets across a variety of countries.  He has experience in global banking and markets including in sales, treasury and capital markets in India during 1991 2005.

Rosha holds a bachelor's degree in commerce from Bombay University and a Master's Degree in Business from the Indian Institute of Management, Ahmedabad. 


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30th July 2018 Hindu Editorial Vocabulary - PDF Download

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Hai Friends I'm Kani. Here I'm sharing English Vocabulary from Editorial section of The Hindu News Paper dated 30th July 2018. Happy reading :)

Note : There were no editorials in THE HINDU on 29th July 2018 (Sunday)

Download PDF Version of Hindu Editorial Vocabulary 30th July 2018 from HERE

  • Amendment - a change made to a law or agreement
  • Adopt - to decide to start using a particular idea, plan, or method
  • Mixed bag - a combination of many different types of people or things
  • Combat - to do something in order to try to stop something bad from happening or a bad situation from becoming worse
  • Initiate - to make something start
  • Provision - a part of an agreement or law that deals with a particular problem
  • Criticise - to say what you think is wrong or bad about something
  • Culpable - responsible for doing something bad or illegal
  • Pecuniary - relating to or consisting of money
  • Mens rea - the state of mind of a person at the time they commit a criminal offence
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July 2018 : GK & Current Affairs Quiz - Set 12

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Which bank has won the Mobile Banking Initiative of the Year (India) Award at the Asian Banking and Finance Retail Banking Awards, held in Singapore ?



Which country's parliament has recently passed a controversial law to legalise casino gambling paving way for up to three casino resorts to open ?



Who was appointed as Executive Director of National Centre for Promotion of Employment for Disabled People (NCPEDP) ?



Who has become the first Pakistani and overall sixth batsman to smash a double century in men's ODI cricket history ?



The National Bank for Agriculture and Rural Development (NABARD) has launched Centre for Climate Change in which city ? [This is first of its kind centre in South East Asia].



Japanese screenwriter, director and producer, who wrote some of Akira Kurosawa’s most famous films including Rashomon (1950), Ikiru (1952) and Seven Samurai (1954) was recently passed away. Name him ?

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India Post Payments Bank (IPPB) to start operations in August with 650 branches

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After testing the entire system, the Reserve Bank of India (RBI) gave approval to the India Post Payments Bank (IPPB). The bank is going to start it's operations in August with around 650 branches and 17 crore accounts. The Managing Director and Chief Executive Officer (MD & CEO) of IPPB, Suresh Sethi has announced that they are looking for a launch date and will announced the same soon. 

IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices and around 11,000 gramin dak sevaks (in rural area) and postmen (in urban area) that will provide doorstep banking services. The payments bank will gradually link all 1.55 lakh post offices in India
to offer it's services. IPPB will also launch a mobile app to facilitate online banking service as well as payment for various utilities and services like phone bill, DTH, gas connection, electricity etc.
Important Points to Note :
IPPB was the third entity to receive payments bank permit after Airtel and Paytm. It was incorporated on August 17, 2016 under Companies Act, 2013 as a public limited company with 100 per cent Government of India equity under Department of Posts.

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses. The new model of banking allows mobile firms, super market chains and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services.

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SBI PO 2018 : Letter to Municipal Corporation about Lack of Basic Infrastructure

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Write a letter to the Municipal Corporation complaining about the lack of basic infrastructure such as street lightning in your area. 

New Delhi. 
30th July , 2018

The Mayor, 
Municipal Corporation, 
New Delhi. 

Subject : Complaint regarding the lack of basic infrastructure. 
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July 29, 2018

General / Financial Awareness Quiz for SBI Clerks 2018 (Phase II) Main Exam - Set 4

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Which of the following is the first Regional Rural Bank of India ?
  1. AP Grameen Vikas Bank
  2. Chaitanya Godavari Bank
  3. Andhra Pragathi Bank
  4. Prathama Bank
  5. Baroda UP Grameena Bank
What is the initial capital amount to start Small Finance Banks ?
  1. Rs. 100 crore
  2. Rs. 200 crore
  3. Rs. 500 crore
  4. Rs. 1000 crore
  5. Rs. 5000 crore
India Post Payments Bank (IPPB) has been recently incorporated as Public Limited Company under the Department of Posts with _____________ equity. 
  1. 100% GOI
  2. 50% GOI and 50% RBI
  3. 50% GOI, 25% RBI, 25% Sponsor Bank
  4. 50% Sponsor Bank and 50% RBI
  5. 50% GOI, 35% RBI, 15% Sponsor Bank
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29th July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (29th July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 29th July 2018


International Current Affairs
  • Today is International Tiger Day.
    • The day is held annually on 29th July to raise awareness for tiger conservation.
    • It was founded in 2010 at the St. Petersburg Tiger Summit, with the aim to double the big cat population by 2022.
    • The goal of this day is to promote a global system for protecting the natural habitats of tigers and to raise public awareness and support for tiger conservation.
  • To counter Iran's military expansion in the region, the United States is planning to establish an "Arab NATO" force
    • The proposed security and political alliance, known as the Middle East Strategic Alliance (MESA) will consist of the US, Saudi Arabia, the UAE, Qatar, Oman, Kuwait, Bahrain, Egypt and Jordan.
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Sourabh Verma (India) wins Russian Open 2018 (Complete Winners List)

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The 2018 Russian Open (badminton) was recently held at Sport Hall Olympic, Russia from 24th to 29th July 2018. This tournament is important for us because Indian National Badminton Champion Sourabh Verma today won the title in Men's Singles category by defeating Japan's Koki Watanabe. This is Sourabh's fist title since Chinese Taipei Masters, which was held in October 2016. Meanwhile, India's Rohan Kapoor and Kuhoo Garg finished runners-up in the mixed doubles event. Malaysia's Ho Yen Mei won the Women's Singles title by defeating Shiori Ebihara of Japan. This is her second title since winning the Polish Open in 2015. Here is the complete winners list of Russian Open 2018.

2018 Russian Open Winners List

  • Men's Singles : Sourabh Verma (India)
  • Women's Singles : Ho Yen Mei (Malaysia)
  • Men's Doubles :
    • Mohamad Arif Abdul Latif (Malaysia)
    • Nur Mohd Azriyn Ayub (Malaysia)
  • Women's Doubles :
    • Chisato Hoshi (Japan)
    • Kie Nakanishi (Japan)
  • Mixed Doubles :
    • Vladimir Ivano (Russia)
    • Kim Min-kyung (South Korea)

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28th July 2018 Hindu Editorial Vocabulary - PDF Download

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Hai Friends I'm Kani. Here I'm sharing English Vocabulary from Editorial section of The Hindu News Paper dated 28th July 2018. Happy reading :)

Note : Click on titles to read Editorials from THE HINDU News Paper

Download PDF Version of Hindu Editorial Vocabulary 28th July 2018 from HERE

Hindu Editorial Topic 1 : "Up, up and away: on Sensex's new high"
  • Stock market - a place where people buy and sell shares in companies
  • Roaring - powerful
  • Rally - an increase in the value of something after a period when its value has been low
  • Benchmark - an amount, level, standard etc that you can use for judging how good or bad other things are
  • Indices - a plural of index
  • Scaling - increasing
  • Respectively - used for saying that something happens separately to each of the people or things mentioned in the order in which they were mentioned
  • Investor - a person who puts money into something in order to make a profit or get an advantage
  • Witnes - to see something happen
  • Correction - a fall in values on the stock market following a period when values have risen very fast
  • Emerging - just beginning to exist or be noticed
  • Swift - happening quickly or immediately
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New Appointments / Who is Who 2018 : Expected Questions - set 5

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Girish Chandra Chaturvedi has been appointed as the non-executive part-time chairman of which bank ?
  1. HDFC Bank
  2. ICICI Bank
  3. Axis Bank
  4. SBI
  5. None of These
Who has been recently appointed as the International Cricket Council’s (ICC) 1st ever independent female director ?
  1. Chanda Kochchar
  2. Indra Nooyi
  3. Shikha Sharma
  4. Pratibha Patil
  5. None of These
Janardan Singh Gehlot has been appointed as the head of which of the following organizations ?
  1. International Badminton Federation
  2. International Kabaddi Federation
  3. International Tennis Federation
  4. International Squash Federation
  5. International Cricket Federation
Naba Kumar Nayak has been appointed as Election Commissioner of which of the following states ?
  1. Jharkhand
  2. Chhattisgarh
  3. Bihar
  4. Odisha
  5. None of These
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Essays for SBI PO 2018 : Demonetization and it's Impact

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Demonetization and it's Impact

One of the boldest moves in the Indian economy took place on 8th November, 2016 when the government declared that the existing notes of Rs. 500 and Rs. 1000 to be invalid from 8th November midnight. The high value notes were ceased to be legal tender and this act of striping the currency from its status of legal tender is known as Demonetisation. This was an important step by the government to curb black money and counterfeit notes in the economy.

Impacts on the Economy

  1. GDP Indian economy is largely cash driven. This is why the economy slowed down due to the less- availability of cash in cash-incentive sectors such as real estate and manufacturing. The businesses were not able to meet the cash requirements due to the restriction imposed by the government. 
  2. Micro, Small and Medium Enterprises (MSMEs) This sector is one of the major contributors to the Indian economy and employees a large number of daily wage workers. These workers were mostly paid cash which led to unemployment and loss of jobs.
  3. Agriculture This sector of Indian economy relies heavily on cash. Farmers were facing a lot of problem in selling their produce at mandis. 
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July 28, 2018

27th July 2018 Hindu Editorial Vocabulary - PDF Download

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Hai Friends I'm Kani. Here I'm sharing English Vocabulary from Editorial section of The Hindu News Paper dated 27th July 2018. Happy reading :)

Note : Click on titles to read Editorials from THE HINDU News Paper

Download PDF Version of Hindu Editorial Vocabulary 27th July 2018 from HERE

Hindu Editorial Topic 1 : "The Pakistan test"
  • Unveiling - the act of officially announcing something such as a plan or a new product that was previously a secret
  • Rhetoric - a style of speaking or writing that is intended to influence people
  • Exceed - to go above an official limit
  • Emerging - just beginning to exist or be noticed
  • Majority - the number of votes by which a person or party wins an election
  • Former - used for describing someone or something that had a particular job, title, status etc in the past, but not now
  • Bitter - making you feel very unhappy or disappointed
  • Assert - to state firmly that something is true
  • Legitimate - fair and reasonable
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28th July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (28th July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 28th July 2018

International Current Affairs
  • Today (28th July) is World Hepatitis Day.
    • Hepatitis is an inflammation of the liver. It can affect any individual of any age including children.
    • This day aims to raise global awareness of hepatitis (a group of infectious diseases known as Hepatitis A, B, C, D, and E)
    • Theme of World Hepatitis Day 2018 : "Test. Treat. Hepatitis
    • Theme of World Hepatitis Day 2017 : "Eliminate Hepatitis"
    • Note : World Hepatitis Day is one of eight official global public health campaigns marked by the World Health Organization (WHO).
      • Remaining Campaigns are
        • World Health Day, 
        • World Blood Donor Day, 
        • World Immunization Week, 
        • World Tuberculosis Day, 
        • World No Tobacco Day, 
        • World Malaria Day 
        • World AIDS Day
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Descriptive Test (Letter writing & Essay) Questions Asked in Today's Bank of Baroda PO Exam 2018

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Hi friends, I am Sukanya. I would like to share the Descriptive questions (Essay and Letter) asked in today's (28th July 2018)Bank of Baroda Manipal School of Banking PO Exam . Hope these will be helpful for getting an idea on the descriptive paper of upcoming SBI PO 2018 Main exam. Happy Reading :)

Exam Pattern :

There will be 4 questions (2 from Essay and 2 from Letter writing). You have to write 1 from each. The marks will be of 50. World limit is 150 for both letter and essay and you should complete it in 30 minutes.

Questions Asked in Letter Writing

  • Letter to your friend about his son's career choices. He scored good marks in 10th board exams but got low marks in Science subjects. But your friend want's him to join Science Stream against his wish. You need to convince him to respect son's choices.
  • Letter to the Editor of a Daily expressing your concern about the Paid News and it's bad impact on society.

Questions Asked in Essay Writing :

  • Essay against keeping animals in Zoo.
    Risks and Rewards of Investing in share markets.
Check Complete Collection of Essay for SBI PO 2018 from HERE

Check Complete Collection of Letters for SBI PO 2018 from HERE


All the Best :)

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Banking Awareness 2018 Quiz for SBI PO and Clerks Online Exams

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The 'in principle' approval for setting up 'small finance banks' granted by RBI will be valid for ?
  1. 12 monts
  2. 24 months
  3. 10 months
  4. 18 months
  5. 30 months
The Jakham Dam is Located in which state ?
  1. Madhya Pradesh
  2. Gujarat
  3. Rajasthan
  4. Uttar radesh
  5. Himachal Pradesh
By which rate is the domestic current rate of currency converted into foreign currency ?
  1. Bank Rate
  2. CRR
  3. Stock Exchange Rate
  4. Repo Rate
  5. Exchange Rate
Minimum amount that can be invested in Kisan Vikas Patra (KVP) Certificate is ?
  1. Rs. 100
  2. Rs. 200
  3. Rs. 500
  4. Rs. 1000
  5. Rs. 1500
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July 2018 : GK & Current Affairs Quiz - Set 11

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The Reserve Bank of India (RBI) recently announced that it is going to issue new ₹100 denomination banknotes in the Mahatma Gandhi (New) Series. What will be the color of these new notes ?



Which country has been recently elected as the new President of Asian Tug of War Federation ?



The Bombay Stock Exchange (BSE) has secured a Trademark for its iconic building at Dalal Street in Mumbai. Name it ?



Name the Indian track and field athlete, who has won Gold medal at Sotteville Athletics meet in France ?



Which country was elected to take up the seat left vacant at the United Nations Human Rights Council after the United States quit the body ?



The Lok Sabha recently passed a bill, which aims to allow authorities to attach and confiscate properties of economic offenders who flee the country. Name it ?

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July 27, 2018

SBI PO 2018 : Letter written by your Foreign Friend to you about a Controversial Issue

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Reproduce a letter that your pen friend in New York wrote to you sometime back about the Occupy Wall Street Movement. 


67, Pine Walk, 
New Jerssy.
10th November, 20xx 

Dear friend,

I agree with you that what you are reading about Occupy Wall Street Movement is truth but it is not the whole truth. First, there is no need to entertain alarmist views of the economic slow down affecting America. The protestors are none else but those who are trying to focus attention on increasing inequality generated by croxy capitalism. The alarmist view that the protestors are out to destroy American political and economic system is baseless.
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Essays for SBI PO 2018 (Mains) Descriptive Test : Complete Collection

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27th July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (27th July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 27th July 2018


International Current Affairs
  • Pakistan Tehreek-e-Insaf chief Imran Khan declared his party's victory in the Pakistan general elections. 
    • He is expected to be the country's new Prime Minister. 
  • "The International Congress of Parliamentary Women's Caucuses" will be held at Dublin Castle, Ireland during 9th and 10th of September 2018.
    • The event will be attended by an estimated 300 delegates from over 27 countries.
    • This conference is being organised by the Irish Women's Parliamentary Caucus (IWPC), a cross-party forum for female parliamentarians within the Irish parliament.
National Current Affairs
  • Today is the Death Anniversary of 11th President of India, Bharat Ratna Dr Avul Pakir Jainulabdeen Abdul Kalam (A. P. J. Abdul Kalam)
    • He is known as the 'Missile Man of India' for his work on the development of ballistic missile.
    • He passed away on 27th July 2015, while delivering a lecture at IIM Shillong. 
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2 Indians in 60th Ramon Magsaysay Awardees 2018

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The Ramon Magsaysay Award Foundation (RMAF) has announced the 6 awardees who have made significant contributions to their communities and helped change the lives of the less fortunate.

Two Indians Bharat Vaswani, a psychiatrist who works for the mentally-ill street persons and innovator Sonam Wangchuk, whose initiative to harness science and culture creatively for economic progress improved the lives of the Ladakhi youth - were declared the winners of this year's Ramon Magsaysay Award 2018.


Here interesting point to note is, Sonam Wangchuk was the inspiration for the character Rancho in the movie '3 Idiots', has been awarded the 2018 Ramon Magsaysay Award for "harnessing nature, culture and education for community progress". Dr Bharat Vatwani, the other Indian to be awarded the prize this year, was honoured for "restoring health and dignity to troubled lives".

Here is the complete winners list of 60th Ramon Magsaysay Awards and their details. 

Ramon Magsaysay Awardees 2018

Sonam Wangchuk 
  • From : India
  • Honored for : “His uniquely systematic, collaborative andcommunity-driven reform of learning systems in remote northern India, thus improving the life opportunities of Ladakhi youth, and his constructive engagement of all sectors in local society to harness science and culture creatively for economic progress, thus setting an example for minority peoples in the world.”
Bharat Vatwani
  • From : India
  • Honored for : “His tremendous courage and healing compassion in embracing India’s mentally-afflicted destitute, and his steadfast and magnanimous dedication to the work of restoring and affirming the human dignity of even the most ostracized in ourmidst.”
Youk Chhang 
  • From : Cambodia
  • Honored for : “His great, unstinting labor in preserving the memory of the Cambodian genocide, and his leadership and vision in transforming the memory of horror into a process of attaining and preserving justice in his nation and the world.”
Maria de Lourdes Martins Cruz 
  • From : East Timor
  • Honored for : “Her pure humanitarianism in uplifting Timor Leste’s poor, her valiant pursuit of social justice and peace, and hernurturing the development of autonomous, self-reliant, caring citizens, so vital in new, post-conflict nationsin the world.”
Howard Dee 
  • From : Philippines
  • Honored for : “His quietly heroic half-century of service to the Filipino people, his abiding dedication to the pursuit of social justice and peace in achieving dignity and progress for the poor, and his being, by his deeds, a true servant of his Faith and an exemplarycitizen of his nation.”

Vo Thi Hoang Yen
  • From : Vietnam
  • Honored for : “Her dauntless spirit and prodigiousenergy in rising above her condition; her creative, charismatic leadership in the sustained campaign to break down physical and mental barriers that have marginalized PWDs in Vietnam; and for being a shining,inspirational model for the young in her country and elsewhere in the world.”
Senen Bacani, chairman of the Ramon Magsaysay Award Foundation, said this year’s awardees were chosen based on their inspiring vision, creativity and leadership in addressing the problems in their own societies.

Established in 1957, the Ramon Magsaysay Award is Asia's highest honour. These awards are regarded as the Asian version of the Nobel Prize.  This year's Magsaysay Award winners will each receive a certificate, a medallion bearing the likeness of the late President, and a cash prize.




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3 Public Sector Banks (SBI, PNB & BOB) to introduce Performance-Linked Salary

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Three Public Sector Banks (PSBs) State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are planning to introduce Performance-Linked Salary Structure for the Senior Management.

According to a report by Business Standard, this is the first time that any Public Sector Bank will introduce such an incentive structure for its senior management, although an approval from the government shall be required for it.

"The bank is seriously thinking of introducing a system of performance-based incentives for officers above the general manager grade. There will be a component of fixed and variable pay. But it will evolve slowly," PNB Managing Director and Chief Executive Officer, Sunil Mehta announced.

State Bank of India (SBI) and Bank of Baroda (Bob) may also follow a similar model and are working on a compensation framework, sources said. However, the banks would need approval from the government for such a move.

While this is a first-of-its-kind move among PSBs, many private banks have already introduced a variable component in their salary structure.  For PSBs, the pay and allowances of different levels of employees are normally decided through bipartite settlements between the Indian Banks’ Association (IBA), the bank’s management and trade union body United Forum of Bank Unions (UFBU).

The proposed revised salary structure for senior employees comes in the aftermath of opposition from bank unions against six PSBs -- PNB, SBI, BoB, United Bank of India, Indian Bank and Oriental Bank of Commerce -- for restricting the latest wage negotiations up to scale-III officers or up to the senior manager level. The bank unions are reportedly not in favour of the performance-linked salary structure. 

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General / Financial Awareness Quiz for SBI Clerks 2018 (Phase II) Main Exam - Set 3

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Hybrid capital instruments (debt / equity) form part of ___________ capital. 
  1. Tier II
  2. Tier I
  3. Tier III
  4. Paid up
  5. Preference share
Poverty line is expressed in terms of an overall
  1. Per capital income
  2. Per capita consumption expenditure
  3. Per capita entertainment expenditure 
  4. Per capita development expenditure 
  5. Per capita GDP
Financial Intelligence Unit is set-up by ___________ for tightening anti-money laundering measures.
  1. RBI
  2. Central Vigilance Commission  
  3. Income Tax Department
  4. Finance Ministry, GoI
  5. NITI ayog
The ratio of deposits to loans of a bank is known as 
  1. NPA coverage ratio
  2. Return on asset ratio
  3. Asset coverage ratio
  4. CD ratio
  5. Other than those given as options
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Sample Essays for SBI PO Main Exam 2018 : Right to Privacy & Aadhar

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Essay : Right to Privacy & Aadhar

"Man's house is his castle." 
Above well-known proverb is now getting legal recognition as Right to Privacy. Human beings have a natural need to autonomy or control over confidential part of their. This need is inherent in human behaviour and now this has been recognised as Fundamental Right to privacy.

Right to Privacy is not explicit in the Constitution of India, so it is a subject of judicial interpretation. The judicial interpretations of Fundamental Right bring it within the purview of Fundamental Right.

Significance of Right to Privacy

Right to privacy demands that a person has the right to be left alone.
Its significance is immense 
  • for the fuller development of an individual, a citizen must have a private sphere. The narrowness or broadness of this sphere can be different for different societies. It evolves over a period of time. 
  • certain activities and satisfaction derived out of those activities is inherently individualistic. State has no role to play in that. 
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