Staff Selection Commission Has revised the Exam Schedule or Time Table for 2015

Hello Friends
              The Staff Selection Commission (SSC) has revised the dates for the schedule of Exam / Time Table for 2015.

Officially Released SSC Exam Schedule/ Time Table

Capital and Currency - South Sudan

SOUTH SUDAN

Capital : Juba

Currency : Pound

President : Salva Kiir Mayardir

Language : English

Daily GK

1. Australia win cricket world cup for the fifth time in one sided final against New Zealand;Australian paceman Mitchell Starc adjudged Man of the Series.

2. India's star shuttlers, Saina Nehwal and Kidambi Srinath lift Singles Titles of the India Super Series Badminton tournament.

3. Singapore bids adieu to it's founding leader Lee Kuan Yew in a grand funeral attended by world leaders;Prime Minister Narendra Modi describes Lee as one of the tallest leaders of our times.

4. Turbulence continues within Aam Aadmi Party;Admiral L Ramdas removed as internal Lokpal and Prashant Bhushan as chief of Disciplinary Committee.

5. Srinagar-Jammu National Highway closed due to landslides after heavy rain lashes several parts of  Kashmir.

6. In Assam, Enforcement Directorate registers a case in alleged embezzlement of central funds by agriculture directorate.

7. HRD Minister Smriti Zubin Irani says that the National Education Policy will be formed by December this year.

8. Defence Research and Development Organization to develop air-borne warning and control system at a cost of over five thousand crore rupees.

9. Finance Minister Arun Jaitley says, an inter- ministerial team would visit Rajasthan for assessment of farmers' demands after the state submits its memorandum on crop loss due to rain and hailstorm.

10. The Indian Ambassador to Yemen, Mr Amrit Lugun says that all Indian nationals in that country are safe and they are not under the target of any group.

Awards and Honours

Giraffe Hero Award              - Subhash Chandra Agrawal

Martin Luther King Junior Award  - Frank Islam

Jnanpith Award                    - Bhalchandra Nemade

Vikram Sarabhai Memorial Award - MYS Prasad

Central Banking Award       - Raghuram Rajan

Banking Term - ACH

ACH (Automated Clearing House)
                  ACH helps banks and other financial institutions in the clearance of balances and negotiable instruments that are used at a personalized as well as a mercantile modes of transaction. it works nation wise and RBI is India's clearing house. they clear funds transferred in NEFT, RTGS etc

Appoinments

APPOINMENTS

Ashton B Carter         - US Defence Secretary

Arvind Kejriwal         - Chief Minister Of Delhi

Pahlaj Nihalani           - Chairman of Censor Board

Deep Kumar Upadhyay - Nepal's Ambassador to India

Dr.M.O.Garg              - Director General of Council of Scientific and Industrial Research (CSIR)

S.Jaishankar                - Foreign Secretary of India

L.C.Goyal                   - Union Home Secretary

Capital and Currency - Spain

SPAIN

Capital : Madrid

Currency : Euro

Prime Minister : Mariano Rajoy

Language : Spanish

Banking Term - Acquirer

ACQUIRER
          Acquirers are banks and financial institution collaborate with business to accept credit and debit card payments. Acquirers need to be licensed with companies such as Visa, Maestro etc..

Banking Awareness - Annuity

ANNUITY
          An Annuity is a serious of payments made at fixed intervals of time. examples of Annuity are regular deposits to a savings account, monthly home mortgage payments, monthly insurance premium and pension payments. Annuities are classified by the frequency of payment dates. payments are made at a regular interval like Quarterly, half early, monthly, weekly yearly.

Books and Authors

The Himalayan Face                                 - Shishir Gupta

Making Growth Happen In India              - V.Kumaraswamy

Editor Unplugged                                      - Vinod Mehta

Fragile Frontier                                          - Saroj Kumar Rath

How Modi won it                                       - Harish Khare

Colours of the Cage                                    - Arun Ferreira

The Underground girls of Kabul                - Jenny Nordberg

Capital and Currency - Switzerland

SWITZERLAND

Capital : Bern

Currency : Swiss Franc

President : Didier Burkhalter

Prime Minister : Hassanal Bolkiah

Language : German, Romansh, French, Italian

Banking Term - Affinity Card

AFFINITY CARD
       Credit card linked with a special organization like sports club, exclusive club and charities. These cards help in raise funds when a part of income from every transaction goes towards the benefit of relevant organization.

Capital and Currency - Maldives

MALDIVES

Capital : Mali

Currency : Maldivian Rufiyaa

President : Abdulla Yameen

Prime Minister : Mohamed Nasheed

Language : Dhivehi

Banking Awareness - Overdraft

OVERDRAFT
       An Overdraft is an advance given by allowing a customer to overdraw his current account upto an agreed limit. the overdraft facility is allowed in Current account and Pradan Mandri Jhan Dhan Yojana Accounts. the security for an overdraft account may be shares, debentures, government securities, life insurance policies or Fixed deposits.

      The Overdraft differs from Cash Credit by two aspects
           1) Security
           2) Duration

   For Cash Credit the security offered is current assets of business such as inventories of raw materials, goods in process or finished or receivable goods.

  For Overdraft the security will be in the form of financial assets held by the borrower.

  The Overdraft is temporary facility and cash credit is Long run facility.

  The rate of Interest in Overdraft is low compared to Cash Credit

Forth National Photography Award

Lifetime Achievement Award - Surendra R Patel

Professional Photographer of the Year - Swar Dutu

Amateur Photographer of the Year - Sasi Kumar

Special Mention Award in Professional Category - Jayesh Navinchandra Shah, Atul Vasanth Gha Pravin Rawat, Arvind Kumar Jain, Umesh Nikam

Special Mention Award in Amateur Category - Joydeep Mukherjee, Akhil Hardia, Nimai Chand Ghosh, Mukesh J.Thakkar, Tabeenah Anju Qureshi.\

Capital and Currency - Isreal

ISREAL

Capital : Jerusalem

Currency : Isreali New Shekel

President : Reuven Rivlin

Prime Minister : Benjamin Netanyahu

Language : Hebrew, Arabic

Insurance Awareness - Turn Over

Turn Over
           The money earned for supplied goods or services rendered at course of premises specified in the policy.

Capital and Currency - Tunisia

TUNISIA

Capital : Tunis

Currency : Tunisian Dinar

President : Beji Caid Essebsi

Prime Minister : Habib Essid

Language : Arabic

Banking Awareness - Cash Credit

Cash Credit (CC)
              Cash Credit is an arrangement whereby the banks allow borrowers to draw amount up to a specific limit. the amount is credited to the account of the customer. the customer may withdraw the amount as and when he requires. Interest is drawn on the amount actually withdrawn. Cash credit is granted as per terms and conditions agreed by the customer.

Capital and Currency - Vanuatu

Vanuatu

Capital : Port Vila

Currency : Vanuatu Vatu

President : Baldwin Lonsdale

Prime Minister : Joe Natuman

Language : Bislama, English, French

GK - First Tobacco free village

India's First Tobacco free village
        On occasion of World Tobacco Day observed on 31st May 2014  Principal Secretary R.Benchilo Thong declared Grariphema Village council hall near Kohima in Nagaland State as First Tobacco free village in India.

Nagaland

Capital : Kohima

Governer : Padmanabha Balkrishna Acharya

Chief Minister : T.R.Zeliang

Banking Awareness - Deficit Financing

DEFICIT FINANCING
       It is a planned excess of expenditure over income. Most governments often spend more than they raise in taxation, the difference being financed by borrowing. it is used in economics to refer to a planned budget deficit incurred in the interest of expanding aggregate demand by relaxing Fiscal Policy and injecting Purchasing Power into the economy.

Capital and Currency - Brazil

BRAZIL

Capital : Brasilia

Currency : Brazilian Real

President : Dilma Rousseff

Language : Portuguese

Capital and Currency - Mexico

MEXICO

Capital : Mexico City

Currency : Peso

President : Enrique Pena Nieto

Language : Spanish

Sports Organization and Headquaters

Organization	Game	Headquarter
FIDE ( Federation International Des Echecs)	Chess	Athens (Greece)
FIFA ( Federation International de Football Association)	Football	Zurich (Switzerland)
IHF (Indian Hockey Federation)	Hockey	Lausanne (Switzerland)
ICC (International Cricket Council)	Cricket	Dubai (UAE)
ITTF (International Table Tennis Federation)	Table Tennis	Lausanne (Switzerland)

Capital and Currency - Cuba

CUBA ( Pet name : Sugar Bowl )

Capital : Havana

Currency : Peso

President : Raul Castro

Prime Minister : Raul Castro

Language : Spanish

Banking Term - Treasury Bill

TREASURY BILL
          T-Bill are instruments for short term borrowing by the government. The bills are issued by tender to the money market and government departments through Tap Issues. Tenders are invited every weak from bankers, discount houses and brokers. T-Bills are issued under Market Stabilization Scheme (MSS).

Types - 91 Days, 182 Days and 364 Days

Amount : 25000 Rs and its multiples

Important Dates - February

 1 Feb   - National Freedom Day (US)

2 Feb  - World Wetlands Day

 4 Feb  - World Cancer Day

13 Feb - World Radio Day

21 Feb - International Mother Language Day

22 Feb - Twins day

22 Feb - World Thinking Day

28 Feb - National Science Day

Insurance Awareness - Arbitration

ARBITRATION
          A form of quasi-judicial dispute resolution where an unbiased person or panel gives an option about quantum of loss.

Capital and Currency - Mauritius

Mauritius

Capital : Port Louis

Currency : Mauritian Rupee

President : Anerood Jugnauth

Prime Minister : Kailash Purryag

Language : No Official Language

Central Bank : Bank of Mauritius

Banking Awareness - Commercial Paper

Commercial Paper
                Commercial Paper is a unsecured money market instrument issued in the form of Promissory note issued by the Corporate's, Primary Dealer's (PDs) and all Financial Institutes (FIs). it can be issued for a period of minimum 7 days and maximum 1 year. It can be issued in denominations of 5 lakh and its multiples.

Capital and Currency - Seychelles

Seychelles

Capital : Victoria

Currency : Seychellois Rupee

President : James Michel

Language : Seselwa, Creole, French, English

Current Affairs

1) World's Biggest Weapon Importer 2014? Saudi Arabia

2) "Aapki Beti Humari Beti" Scheme launched by State Govt of _____________? Haryana

3) 1st Indo-Nepal Motor rally Friendship organised in ___________? India Gate , New Delhi

4) Golden Gate Award of Silver Prize Won by __________? Kerala

5) Garampani Sanctuary Located at ________? Diphu, Assam

6) The great Victoria Desert Located in ________? Australia

7) Pneumatic rubber tire invented by________? J.B.Dunlop

8) "Nineteen Eighty Four" Written by _____________? George Orwell

9) Length of Sutlej River ? 1450 KM

10) "Tripitakas" is the sacred  Book of __________? Buddhists

Banking Awareness - Certificate of Deposit (CD)

Certificate of Deposit (CD)
                     
               It is a negotiable instrument issued by a bank for a term deposit. CD's are securities purchased for less face value where bank promises to repay the deposit for a yield to maturity(YTM). the secondary market is made up by the discount houses and the banks in Inter-Bank Market.

Insurance Awareness - Adjuster

ADJUSTER
        A person who investigates and settles losses for Insurance buyer. he will investigate the claimant and witnesses, police and hospital record and inspecting property damage to determine the extend of the companies Liability.

Capital and Currency - Bangladesh

Bangladesh

Capital : Dhaka

Currency : Taka

President : Abdul Hamid

Prime Minister : Sheikh Hasina

Language : Bengali

Central Bank : Bangladesh Bank

Match Points BSC April

Hello Friends
           The popular Banking Service Chronicle (BSC)  Magazine Match Points by K.Kundan Author at BSC is here. you can download it from the below link.

CLICK HERE to download BSC Match Points April

Capital and Currency - USA

USA (United States of America)

Capital : Washington DC

Currency : US Dollar

President : Barack Obama

Language : English

Central Bank : Federal Reserve

Number of States : 50

World's Biggest Stock Exchange : New York Stock Exchange

Banking Terms - BPS

BPS - Base Points

               It is just an unit equivalent to hundred. It is used to indicate the change in rate of interest and other financial instrument.
                   1 Base Point is equal to 0.01%

 RBI has recently reduced 50 BPS in Maintaining SLR and 25 BPS in LAF.
as a result the SLR now at 21.5%, Repo at 7.75% Reverse repo at 6.75% and MSF at 8.75%.

Capital and Currency - Canada

CANADA

Capital : Ottawa

Currency : Canadian Dollar

Prime Minister : Stephen Harper

Language : French, English

Central Bank : Bank of Canada

Insurance Awareness - eIA

eIA - Electronic Insurance Account
                      It will safeguard the insurance policy document of policy holders in electronic form. this eIA facilitates the policy holders by providing access to  insurance portfolio at the click of a button through internet. Each account holder has a unique account number and each user is granted with a User id and Password to access their accounts.

General Awareness

1) Who won the Deodhar Trophy 2014-2015?
East Zone beating West Zone

2) Who is the head of High Level Committee (HCL) to interact with trade and  industry on tax related issues?
Ashok Lahiri, Former Chief Economic Advisor (CEA)

3) Polly Umrigar Award 2014 winner?
Bhuvneshwar Kumar

4) ICC ODI Cricketer of the Year ?
AB de Villiers, South Africa

5) High Level Committee on Environmental laws Headed by ___________?
TSR Subramanian, Former Cabinet Secretary

6) 43ed Navy Day observed on______?
4 December

7) ICC Test Cricketer of the Year ?
Mitchell  Johnson

8) Capital city of Peru ?
Lima

9) First Indian to get a membership in International Shooting Sport Federation(ISSF)'s Executive Committee?
Raninder Singh

10) Capital City of Netherlands?
Amsterdam

Capital Currency - Jamaica

JAMAICA

Capital : Kingston

Currency : Jamaican Dollar

President : Elizabeth II

Prime Minister : Portia Simpson-Miller

Language : English

Central Bank : Bank of Jamaica