Sunday 7 July 2013

WEEKLY GENERAL KNOWLEDGE - BANKING RELATED

  • Sujatha Singh to succeed Ranjan Mathai as foreign secretary   
Prime Minister Office’s giving its nod for the appointment of India's Ambassador to Germany, Sujata Singh for the top job. 
  • Director General BPR&D Appointed 

Shri Rajan Gupta, IPS (PB:78) has been appointed as Director General, Bureau of Police Research & Development (BPR&D)

  • Lt Gen Saxena takes over as Director General of Army Air Defence


  • Indian PSLV successfully launches IRNSS-1A navigation satellite
  •        
  •  Najeeb Jung to be new Delhi LG; K K Paul is              Meghalaya governor

Anil Chait Took over as Chief of Integrated Defence Staff to CISC


Lieutenant General Anil Chait, took over as Chief of Integrated Defence Staff to the Chairman Chiefs of Staff Committee (CISC) on 1 July 2013.

India, Sri Lanka target $10bn bilateral trade in next 3 years
India and Sri Lanka have agreed to take steps to double their bilateral trade to $10 billion in the nextthree years. During the talks between Indian and Sri Lankan officials held on June 24-25 in Colombo, both the sides deliberated on ways to enhance between the two countries

Anil Goswami appointed as Union home secretary 

                    





Prime Minister Dedicates Pir Panjal Tunnel Railway(The Longest Transportation Tunnel of India) to the Nation 

India has won 2013 Champions Trophy

India and World Bank Sign Us$ 216 Million Agreement for Kerala State Transport Project



The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 216 million for Second Kerala State Transport Project were signed between Government of India/Government of Kerala and World Bank at New Delhi today.

Foreign Investment Promotion Board clears 16 FDI proposals worth Rs 1,647 crore

The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd's proposals for lack of security clearance. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB)

India signs loan agreement with World Bank for US$ 255 million for National AIDS Control Project-IV


Operation ‘Rahat’ Launched by the IAF 
On 16 Jun heavy rains wreaked havoc in the hill states of Uttarakhandand HimachalPradesh leaving thousands stranded including pilgrims in transit in various valleys



RBI fines Axis, HDFC & ICICI banks


Justice Ahmed appointed Acting Chief Justice of Delhi High 

Makarova, Vesnina win French Open women's doubles

       
                   
Fourth-seeded Ekaterina Makarova and Elena Vesnina of Russia won their first Grand Slam title together by defeating defending champions Sara Errani and Roberta Vinci of Italy 7-5, 6-2 in the women's doubles final of the French Open


Rafael Nadal downs David Ferrer to win record eighth French Open crown


Nadal is first man to win same grand slam title eight times


International Labour Conference’s (ILO) 102th Session Begin in Geneva, Mallikarjuna Kharge Leads Indian Delegation 

The fortnight long 102nd Session of International Labour Conference of International Labour Organisation (ILO) is beginning tomorrow in the Hague, Geneva


the Year 2013 as “Water Conservation Year-2013”


ONGC reclaims 2nd most valued company status; ITC slips to 3rd slot


State-run energy major ONGC today reclaimed the status of the country's second most valued firm in terms of market valuation, pushing ITC to the third slot.

Rs. 1693 Crore for National Mission on Micro Irrigation in 2013-14 

Annual budget outlay of National Mission on Micro Irrigation (NMMI) scheme has been enhanced by approximately 13% from Rs.1500 crore for the financial year 2012-13 to Rs.1693 crore for the financial year 2013-14.

DATA SUFFICIENCY- HOW TO APPROACH

Determining Sufficiency Does Not Require Solving

  1. One common mistake individuals make on data sufficiency questions is solving equations completely instead of simply determining whether sufficiency data exist to answer the question. Remember that data sufficiency questions do not require you to find a value--they require you to determine definitively whether sufficient data exist to answer the question. In order to answer a data sufficiency question, you do not need to determine the solution to each equation (e.g., x = 7 and y = 6). Rather, you need to have a definitive answer (e.g., x is a single value). Consider the following example:

If a, b, and c are positive integers, what is the value of a9 + b8 + c6?
  1. a3 = 8, b = 18, and c = 28989
  2. a = 2, b8 = 11,019,960,576

  1. In evaluating Statement (1), we know definitive values for a, b, and c. Consequently, we have sufficient information to find a definitive value for a9 + b8 + c6.
  2. Note that we do not need to determine what the exact value of a9 + b8 + c6 is. We simply need to know definitively that one-and-only-one value for the expression a9 + b8 + c6 can exist given the information in Statement 1. Statement (1) is SUFFICIENT.
  3. In evaluating Statement (1), we can perform the following algebraic substitutions:
    =(a)9 + b8 + c6
    =(2)9 + 11,019,960,576 + c6
  4. Since we cannot definitively determine that there will only be one value for c6, we cannot definitively determine that there will be only one value for the entire expression a9 + b8 + c6. (Note that we do not need to determine what the exact value is.) Statement (2) is NOT SUFFICIENT.
Hence A option is correct.

Statements (1) and (2) Do Not Contradict

Statements (1) and (2) will NEVER contradict each other. Consequently, if you are simplifying or solving statements and the result is a situation where Statements (1) and (2) contradict each other, you made an error.

 For example, if after simplifying the information in the statements, you are left with Statement (1) x = 10 and Statement (2) x = 19, you must go back and re-do your calculations as you made an error.

In A Time Crunch, Evaluate the Easier Statement and Guess

If you are in a time crunch, look at the statements and see which one is easier to evaluate and act accordingly. By evaluating one statement, you improve your odds of guessing the correct answer significantly.


If x is an integer, is x3 > 0?
  1. x5 + x3 + x + 15 = 298
  2. x5 + 10 > 15
Solution:
  1. When you raise an integer to an odd number, it does not change the sign of the expression. In other words, if x is negative, x3 will be negative. Likewise, if x is positive, x3 will be positive.
  2. The question can be simplified to: "is x positive?"
  3. If time is short and Statement (1) looks complicated, move on and evaluate Statement (2) first and rule out clearly wrong answers.
  4. Evaluating Statement (2):
    x5 + 10 > 15
    x5 > 5
    x must be positive. Statement (2) is SUFFICIENT.
  5. Since Statement (2) is sufficient, you can quickly rule out answer choices A, C, and E. You have now quickly improved your chances of choosing the correct answer from 20% to 50% (i.e., you are now choosing from 2 answer choices instead of from 5).
  6. In evaluating Statement (1), begin by simplifying:
    x5 + x3 + x + 15 = 298
    x5 + x3 + x = 283
  7. Since raising a number to an odd exponent does not change the sign of the number, the sign of every term in Statement (1) must be the same (i.e., x5, x3, and x all have the same sign.)
  8. Logically, x must be positive since it is impossible to add together only negative numbers and arrive at a sum that is a positive number. In other words, if you add any two negative numbers, you will have a negative number with a larger absolute value. Since x5 + x3 + x adds up to a positive number (i.e., 283), it is impossible for x to be negative (otherwise, x5 + x3 + x would be negative). x is positive and Statement (1) is SUFFICIENT.
  9. It turns out that x = 3.0227, meaning Statement (1) is SUFFICIENT because the information in it produces one-and-only-one value for the expression above.
  10. Note, however, that the test would never ask you to solve an equation such as the one in Statement (1). This complicated equation is used simply to elucidate the technique.

Symmetry Amongst Statements (1) and (2) --> D or E

Parallelism or symmetry in the two statements means that D or E is the correct answer. In other words, if you rephrase the statements and you discover they are saying the same thing, you can immediately rule out A, B, and C. This is best illustrated by an example:


What is the value of x + 15?
  1. x3 = 27
  2. x5 = 243

Solution:
  1. Evaluate Statement (1).
    x3 = 27
    x = 3
  2. Evaluate Statement (2).
    x5 = 243
    x = 3
  3. Since Statements (1) and (2) provide the same information, answer choices A, B, and C cannot be correct. Consequently, answer choices D or E must be true.
  4. Statements (1) and (2) are each SUFFICIENT alone because x + 15 will always be 18.

Avoid Unwarranted Assumptions

In intermediate to difficult questions, the bank test try to trap test-takers by getting them to make unwarranted assumptions. Consider the following examples of unwarranted assumptions:
  • A jar contains 10 marbles. If there are 4 red marbles in the jar, how many blue marbles are in the jar? Unwarranted Assumption: There are 6 blue marbles in the jar. There could be 5 blue marbles and 1 yellow marble. Do not assume that there are only two colors of marbles in the jar.
  • If x > 10 and x < 12, what is the value of x? Unwarranted Assumption: x is 11. You cannot assume that x is an integer. Nothing in the given information said that x must be an integer. Consequently, x could be 10.5 or 11.5.
  • If Ms. Watson's 4th grade class has 20 students and 50% of these students have blonde hair, how many girls in Mrs. Watson's class have blonde hair? Unwarranted Assumption: There are 10 students with blonde hair so 50% of these must be girls. Consequently, 5 girls have blonde hair. You cannot assume that the ratio of the number of boys to girls is 1:1, or 50%.

Statements Producing Two Values Are Not Automatically Insufficient

 Just because a statement, when simplified, yields two values does not mean the statement is automatically insufficient. Those two values could produce the same value for the question, in which case the statement is sufficient. Consider the following example

If x is an integer, what is the value of x2 + x - 12?
  1. x = 3
  2. x = 3, x = -4
Solution:
  1. Since Statement (1) gives a single definitive value that can be plugged in to x2 + x - 12, Statement (1) is SUFFICIENT since we will be able to determine for sure the value of the expression.
  2. To see this more clearly, plug in x = 3 and see that it produces one definitive answer to the question:
    x2 + x - 12
    32 + 3 - 12 = 9 + 3 - 12 = 0
  3. Evaluate Statement (2). At this point, some are tempted to say that since Statement (2) provides two values for x, Statement (2) is not sufficient because two different values of x (i.e., 3 and -4) will produce two separate values of the equation in the question. However, this is not always true. Two separate values of x can produce the same value.
    Evaluate x = 3
    x2 + x - 12
    32 + 3 - 12 = 9 + 3 - 12 = 0
    Evaluate x = -4
    x2 + x - 12
    (-4)2 -4 - 12 = 16 -4 - 12 = 0
  4. Since the information in Statement (2) provides one definitive value for the expression in the question (i.e., 0), Statement (2) is SUFFICIENT.
  5. Since Statement (1) alone is SUFFICIENT and Statement (2) alone is SUFFICIENT, answer D is correct.

Two Equations With Two Variables Does Not Necessarily Mean Sufficiency

In high school math, most students learned that if two equation have two separate variables, then a definitive solution exists. Although this is technically true, the BANK EXAM plays upon this and seeks to trick test-takers by providing two equations that look different but are actually the same. The test writers hope that test-takers will assume that a solution exists for the equations. Consider the example:


If x and y are integers, is x > 0 and y < 0?
  1. 4x + y = 8
  2. x - 2 = -y/4
Solution:

  1. Most test-takers realize that Statement (1) alone and Statement (2) alone are NOT SUFFICIENT.
  2. However, the tests' authors hope that test-takers, when evaluating answer choice C, will assume that there are two unique equations with two variables and, as a result, there is a unique solution for x and y and the question can be definitively answered.
  3. But, the above assumption does not hold in this question because there are not two unique equations. The equation in Statement (2) is the same as the equation in Statement (1).
    Start with: 4x + y = 8
    Subtract 8 from each side: 4x - 8 + y = 0
    Subtract y from each side: 4x - 8 = -y
    Divide each side by 4: x -2 = -y/4

    So, there is only one unique equation with two variables. Consequently, it is impossible to solve for the value of x and y. Both Statements (1) and (2), even when taken together, are NOT SUFFICIENT.

Beware of Even Exponents


  1. Whenever dealing with even you must be exponent cognizant that an even exponent hides the sign of the base. In other words, if x2 = 4, x = 2 AND -2. Consider the following example where forgetting this would take you to the wrong answer.


What is the value of x + 1?
  1. x2 = 16
  2. x3 = 64
Solution:
  1. In evaluating Statement (1), many beginning and intermediate-level test-takers automatically assume that since x = 4, Statement (1) is sufficient because 4 + 1 is always 5.
  2. However, Statement (1) is NOT SUFFICIENT because x also equals -4 since (-4)2 = 16. Consequently, x + 1 also equals (-4) + 1 = -3
  3. In evaluating Statement (2), we find that Statement (2) is SUFFICIENT because there is only one possible value for x, 4. Negative four is not a possible value given the information in Statement (2) since (-4)3 is not 64 but -64. Therefore, there is only one possible value for x + 1, 5.
  4. Since Statement (1) alone is NOT SUFFICIENT and Statement (2) alone is SUFFICIENT, answer B is correct.

Dictionary (Alphabet) tests- 3



      
WORDS
MEANING
1.Tangent
Touching
2.Taciturn
Unfriendly behaviour
3.Temporal
Ordinary
4.Venal
Corrupt
5.Verbatim
Word for word


















GUYS,PLZ SHARE YOUR VALUABLE VIEWS ABOUT THE ARTICLE,YOUR COMMENTS ARE HIGHLY APPRECIATED...!!!