Tuesday, October 14, 2008

China defeated South Korea 3-1 in Jakarta to win their third straight Thomas Cup Title.
The man who knew infinity is the biography of S.Ramanujan.
Sonia- A biography written by by Rasheed Kidvai

Operational Range of various Agni Missiles
Agni-1- 850 Km
Agni-II-3300-4800 Km
Agni-III- 3500-5500 Km
Agni-IV – 5000 Km

According to Economic Survey 2007-08
GDP (At Factor Cost) in 2007-08 was 43,03,654
Growth Rate at factor cost in 2007-08 in GDP is 13.6%
GDP (At Market Price) in year 2007-08 was 47,13,148
Growth Rate at Market Price in GDP in 2007-08 was 13.7%
Per Capita income in year 2007-08 was 33,299
Growth rate in Per Capita income was 12.3%
Kishan Maharaj who died recently was a famous Tabla Mastero.
Justine Henin of Belgium is a former world No.1 Player who had recently announced her retirement on May, 2008 is Justine Henin.
World's Youngest Democracy - Bhutan
World's Youngest Republic - Nepal

Monday, October 13, 2008

What is 'Forex' a term we commonly comes across ?

The foreign exchange currency or (forex or FX) market refers to the market for currencies . Transactions in this market typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The FX market is the largest and most liquid financial market in the world, and includes trading between large banks, central banks , currency speculators, corporations, governments, and other institutions.

Mark Ramprakash in August 2008 became the first player of the decade to reach 100 first class hundreds.

Forbes Magazine has released a list of 'best countries to do bussiness'. India has slipped 13 places to 64th position.

15th SAARC Summit held in Colombo.

According to the latest figure released by UN, world economy to grow by 1.81.

Azlan Shah Hockey Tournament- Argentina defeated India 2-1

Thailand moots five nation rice cartel in Asia.

Animal's People - A book written by Indra Sinha.

Bangkok hosted the 64th session of the United Nations Economic and Social Commission for Asia and the Pacific.

India ranks 128 out of 177 Countries in the HDI ranking done by United Nations.

Bazen Chariot was the codeename of one of the biggest ever war game to be organised by the Indian Army and the Air Force in recent years.

India is set to sign the biggest ever deal with the US worth $2.2 billion for the eight Long Range Maritime Reconnaissance(LRMR) aircrafts.

Hockey Champions Trophy won by Australia by defeating Spain.

108th US open Golf won by Tiger wood

Saturday, October 11, 2008

what is Virtual Banking?

Banking through Computer Networking and without having physical existence such as a branch infrastructure is known as Virtual Banking.

India Japan had signed a currency swap deal, according to which both countries will be able to swap Rupee and Yen against Dollar up to $ 3 billion.

Federal Reserves is the financial organisation of USA.

Orobanche is a total root parasite.

Cuscutta is a total stem parasite.

Striga is a Demi-root parasite

Friday, October 10, 2008

The Punjab Government and the UNWTO will jointly provide the state as a global tourist centre and a decision to this effect was taken on June 5 2008 .

Mumbai, the financial capital of India, is ranked seven among the World's most financially active 75 cities in the world. New Delhi and Banglore are the two other Indian cities that are at 61 and 66th position respectively.

According to a world Bank report, India has emerged as the second largest seller of carbon credits with 6% share in 2007 while China tops the list with 73%.

According to UN estimates fifty five percent of India's population amounting to 900 million people would move to cities by 2050.

Baku has been rated as the dirtiest city in the world.

My Country My Life is an autobiography of L K Advani.

Joseph E. Stiglitz and Linda J. Bilmer are the author of the book 'The Three Trillion Dollar War'.

The official Logo of the 2010 Commomwealth Games is Shera and the theme is Come out and play.

The Union Cabinet on Jan 10 has cleared a proposal allowing the hike in the monthly cheque of the president from 50,000 to 1 lakh, and from 40,000 to 85,000 for Vice president.

The first ever joint military exercise between India and China named 'Hand in Hand 2007' took place in Yunnan, China.

Kerala has been declared Total Banking State providing atleast one account per household.

Vaclav Klaus is the new Czech Republic president.

Big TV is the Direct to Home Services launched by Reliance Communications(RCOM)

Thursday, October 9, 2008

What is Financial Inculsion?
The availability of banking and payment services to all sections of indian population without discrimination is the prime objective of the public policy.Financial Inculsion means the delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups.
58th International Astronautical Congress was held in Hydreabad.
Javed Akhtar wrote the song 'Passing out parade' of the Indian Millitary Academy.
India on May21, finalized a draft to divide it's over 7000 km long coastal belt into four zone to conserve the biodiversity and better management of disasters. The Coastal Zone Management (CMZ) area is classified as CMZ1,(ecologically sensitive), CMZ2 areas like coastal municipalities, CMZ3 open areas that includes coastal waters up to territorial limits and CMZ4 comprising Andamans and Nicobar Islands, Lakshadweep, offshore Islands and Islands in Coastal waterways.
Assocham has launched free MBA trainning to Backward classes.
Chetan Anand won the Nepal open Badminton Championship beating another Indians JBS
Vidyadhar21-11,21-7 in the finalin Kathmandu

Wednesday, October 8, 2008

Now a days banking exams contains questions that requires some basic information of banking. So I have tried to add some notes on basic principles and management of Banking

Core Banking Solutions (CBS) or Centralised Banking Solution is the process which is completed in a centralized environment i.e. under which the information relating to the Customer’s account ( i.e. financial dealings, profession, income, family memberetc.) is stored in the Central Server of the Bank (that is available to all networked branches)instead of branch server only.Depending upon the need of the bank, it can perform all or limited operations. The CBS system is advantageous to both bank as well as customers in many ways
Banks:
Standardization of the processes within banks
Availability of accurate data & better use of infrastructure.
Better asset Liability Management
Better Risk Management
.Increased business voume
Better customer Services.
Customers:
Better Fund Management.
Less chances of errors resulting in high accuracy of transactions.
Ability to access the account from any branch. Thus increasing the mobility of the customers.

The "state of tiger-copredators and prey in India" report, released in New Delhi on Feburary 12,2008 said that there have been an overall decrease in tiger population except in Tamil Nadu where the numbers have gone up substantially from 60 in 2000-01 to 76. India has lost more than 50% population of tigerpopulation in the last 5 yearswith the number remaining to 1411 from3642 in 2001-02 census.

On Aprail 1,2008 Great Britain "Point Based System Tier 1"(PBS)replaced Highly Skilled Migrant Programme.

Union Finance Minister P.Chidambaram appreciated the state of Chhattisgarh for procurement of wheat and rice.

The National stock Exchange on Aprail 8,2008 launched Volatility index called India VIX based on the Nifty 50 option Prices. This index would trace the volatility of share prices based on the option price of the stocks on the daily basis. Volatility Index is a measure of the amount by which an underlying index is expected to fluctuate in the near term based on the order book of the underlying index options.

Eminent Film maker and pioneer alternative cinema Mrinal Sen was on July filicitated with the Lifetime achievemnt award at the 10th edition of the Osian's Cinefest Film Festival 2008.