Care to be taken during the Exam

Care to be taken during the Exam
1. As soon as the blank answer papers are distributed, read the instructions and fill in the relevant
2. Information such as: name or code of the paper, exam seat no. of the candidate, name or code of the exam centre etc.
3. Wait calmly as the question paper is distributed. Fill yourself with positive attitude, and repeat to yourself "I can do
it".
4. Take a few deep breaths after you receive the question paper. If you still feel nervous, stretch yourself to keep the
spine straight and try the psychological `trick' of focusing your full attention somewhere else for a couple of minutes,
say on the clock on the wall or on some object seen through the window. As you breathe in and out deeply, imagine that
you are filling yourself with courage and positive attitude, and repeat to yourself "I can do it, it is easy.”
5. Don't start writing the answers immediately; instead, read the instructions at the top of the paper carefully.
6. Read the question paper fully and mark the questions you are confident about, and the order in which you will answer

them.
7. Quickly estimate the time available to answer each question, and plan your time schedule depending upon the
complexity of the answer. Keep at least 10 min. for revising all the answers at the end.
8. Answer the easier questions first, to the best of your capacity - this gives a good impression to the examiner, and also
boosts your confidence.
9. Be careful not to write wrongly or illegibly at the very beginning of your answer paper and then strike off the written
matter. This gives a very bad impression to the examiner.
10. Answer the sub-questions of a given question contiguously, i.e. if there are parts (a), (b) and (c) for a given
question, answer them continuously; don't write answer to part (a) in the beginning of the answer paper and then part (b)
or (c) at the end. This irritates the examiner.
11. Write legibly; remember, someone has to read your answers and evaluate them!
12. Don't get 'stuck' on one question, and waste time; i.e. if you are not able to proceed with the answer, don't panic,
but leave the required space and proceed to answer the next selected question. You can return to the unfinished answer
and complete it later. Many times, the answer to that un-finished question may flash in your mind when you are answering
some other question.
13. Manage the time well; have a look at the clock, often.
14. Let your answers be clear, brief, and to the point. Don't 'beat about the bush', or unnecessarily make the answer
long and complicated.
15. While answering multiple choice questions, form an answer in your mind first, and then look at the choices given.
16. Don't give an impression to the examiner that you are 'guessing' the answers.
17. Never be in a hurry; don't confuse yourself. Many times, clues to a correct answer may be available in the question
itself, or somewhere else in the question paper.
18.Use 'mnemonics' ormemory techniques, wherever applicable, depending upon the question paper.
19. If you need additional papers (supplements) or graph sheets or data books while writing the answers, stand up
calmly and draw the attention of the exam supervisor, and politely ask for the same.
20. Revise your answers in the last 10 min. of the exam and correct the mistakes, if any. You should positively do this,
since it is quite possible that you might have committed some errors or mistakes while answering in a hurry.
21. When the exam supervisor announces to tie up the answer paper and the supplements, do so immediately; however,
check carefully that you have tied up all the papers in correct order. Just tying up all the answer sheets at random
will be annoying to the examiner and will be counter-productive.
22. Don't panic when the final bell rings. Wait for the exam supervisor to come to you to collect the answer paper,
and while waiting, once again check that you have written your exam seat number and the title of the exam paper correctly
on the front page of the answer sheet.
23. When the supervisor approaches you, hand over the paper to him.
24. Remember: ABCDE of a good aspirants/student : Alert, Bold, Creative, Disciplined and Enterprising.
25. Remember: ABCDE of a good answer: Accurate, Brief, Clear, Direct and Effective.

Care to be taken on the day of Examination?

Care to be taken on the day of Examination?
 Have a good breakfast: Remember that brain 'runs' on sugar. So, have a breakfast consisting of fruit juices,
carbohydrates and proteins. Don't take heavy meal or oily food before attending the exam which may make the
aspirants/student sleepy or uneasy during examination time. It is always good to take light meals before the time of
attending the examination
 Revise only the important notes: Don't indulge in last minute preparation and panic or confuse yourself. Ensure that
you have already done thorough revision earlier.
 Check that you have organized every thing properly in your bag.
 If you tense and stressed up, practice some deep breathing.
 Eat carefully and drink lot of water.
 Reach the exam hall early, at least 30 min. before the scheduled commencement time of the exam.
 Maintain a positive attitude throughout and look forward to write the exam.
 Take at least more than seven hours of sleep before an examination. Go to the examination hall with a fresh and
confidant mind.
 Do not get nervous if you don't know answer for a small bit of a question. You concentrate to do justice for all the
questions you know answers very well. Don't do any last minute hasty changes to the answers you have written already and
some times this may lead to lose many marks
 Give answers to the point of the question and provide correct key words in the answer to get full marks. Give
correct question number in your answer sheet for which you are writing the answer, otherwise you may lose your marks for
writing wrong question number.
 Aspirants/student has to allocate proper time to each section of the question paper to answer all questions
without leaving any question unanswered. Time management is an important aspect that a aspirants/student has to take
care of to score maximum marks in every paper.

On the day before the Exam

On the day before the Exam
 Be well prepared and confident. Get a good night's sleep and be well rested.
 Know the location of exam hall and how to reach there. If possible, visit the exam centre and familiarize yourself
with the location, so that when you write the exam you will 'feel at home' in the familiar surroundings.
 Know well about the exam you are going to face the next day: Is it a theory exam or practical exam? If theory exam -
is it an essay type of exam or problem oriented type? Are the questions of multiple choice type, yes/no type type?
 Know about the pattern of the exam question paper Duration of the exam, no. of questions to be answered etc.
 Organize your things: i.e. keep the hall ticket, pen, pencil, eraser, scale, calculator, data books or hand books (if
required) for the exam in your bag on the previous night itself.

Reasons for Exam fear

Reasons for Exam fear
1. Poor preparation: Yes, this is one of the main reasons for exam fear. Preparation does not mean reading just before
the exams. It means steady effort throughout the year. A good aspirants/student starts preparing for the exams from the very
first day of the classes. i.e. he is punctual and regular in his attendance to the classes, revises the lessons every day, does his
assignments and home works promptly, has good study habits etc.
2. Lack of love for the subjects: Once you have chosen a course, you should excel in it. So, even if some subjects may
look difficult, it is necessary that you cultivate 'love' for the subject and affirm to yourself every day before the classes: 'I like this
subject; I shall do well in this subject.
3. Unclear about the purpose of exams: Be clear about the purpose of exams. Exams are not conducted to
trouble you or to humiliate you. Purpose of exams is to know how much of the subject you have understood and to promote
you to the next higher class if you meet certain minimum requirements. Therefore, in order to progress, you should
welcome the exams and strive to do your very best.
4. Unclear about the goal and the path: Why did you join this course? Is it with a desire to excel in the chosen field
or due to some one else's compulsion? What is your goal in life? Be clear about this. Then, the path will open itself. We say
again: there is no short cut to excellence. You reach the top successfully only if you climb each and every step
systematically, without slipping or falling.
5. Lack of initiative to get the doubts cleared: If you have not understood the subject during a lecture, you
should not hesitate to get it cleared as soon as possible. Since there may be 40 to 60 aspirants/student s in a class, it may not
be possible for the teacher to give personal attention to each and every aspirants/student . So, if you have not understood
something, you should take initiative to get it clarified; however, be polite and be sensitive to the style of the teacher, i.e. the
teacher may not like to be interrupted when he is speaking, or the teacher may allot a separate question-time at the end of
lecture, or the teacher may ask you to approach him later, etc. By all means,
follow his instructions, but never give up your attempts to get your doubts cleared.
6. Preparation at the last moment: This is nothing but poor, unplanned method of study, and
you pay the penalty. As mentioned earlier, adopt a planned, systematic study from the very beginning of the course.
7. Confused reading: This happens due to lack of alert concentration. Many aspirants/student s have the habit of 'last
minute reading' for the entire night, consuming tea, coffee or drugs to avoid sleep. Surely, you will feel tired and fatigued by
such methods and will not be able to understand/ assimilate whatever you have read. Or, some aspirants/student s think of
guide-books, notes or 'likely questions' etc when they study, which, in turn, means lack of attention on what is read at the
moment. Some, even adopt the method of preparing for 'selected' questions! All these things make you end up in confusion
and the result is: tension and fear of exams.
8. Other reasons: Previous personal experience of failure, high expectations from self, parents, relatives or friends,
fear of being judged by 'superior' people, having a naturally timid and nervous personality etc. are some other reasons for
exam fear.

CURRENT AFFAIRS on 06.10.2018

Today's Headlines from www:

Economic Times

📝 RBI surprises markets, holds repo rate at 6.5%; stance turns hawkish

📝 Crude to trade in $80-$85 range as bearish sentiments take over

📝 Forex reserve falls $1.26 billion to $400.52 billion

📝 Thomas Cook India Group acquires 24% stake in TravelJunkie Solutions

📝 Performance bonus for FY18 to cost Coal India Rs 1,600 crore

📝 Value fashion retailer CityLife to open 40-50 new stores; plans to raise funds

📝 Sembcorp Energy looks to scale up solar capacity

📝 NTPC, IRCTC ink pact to set up Rail Neer unit at Simhadri power plant

Business Standard

📝 Sebi asks stock exchanges to check steep fall in shares of several firms

📝 Rupee at 74 to a dollar is still better than its EM peers, says Urjit Patel

📝 RBI plans voluntary retention route to attract long-term overseas money

📝 Bosch expects its electric two-wheeler solutions to hit Indian roads soon

📝 Opaque currency regime may restrict rupee-renminbi trade mechanism

📝 China spy chips report threatens Pentagon's $10-billion defence contract

📝 YES Bank names experts to look for new managing director; stock falls 4.16%

Financial Express

📝 Dairy industry, farmers seek cut in GST rates

📝 RBI issues norms for operating electronic trading platforms

📝 SoftBank nearing $500 million investment in ride-hailing firm Grab, say sources

📝 Akamai’s second biggest facility opens in India

📝 5G in India a step closer: Government invites Huawei for next gen 5G mobile network trials

📝 Private investments plunge to 25% in FY18; fall 1200 bps from FY08 high: Report

📝 RBI lowers retail inflation projection to 3.9-4.5 pc for second half of FY19

Mint

📝 Defying US, India inks $5 billion deal with Russia

📝 RBI proposes new FPI norms in bid to attract long-term investments

📝 Trent to acquire Lodha office space for ₹200 crore

📝 Flipkart, Amazon in tight race for exclusive tie-ups with phone makers

📝 Omidyar Network to invest $250 million in Indian ventures

📝 Don’t rely on short-term funds to fund long-term projects, says RBI

📝 Govt moves to shield IL&FS board from adverse cases.

Practical Tips for effective study

Practical Tips for effective study
1. Study in short, frequent sessions. Psychologists say that brain can absorb and retain better, if one studies in
short, frequent sessions, rather than in continuous, long spells. Then, the brain gets the required relaxation in between
sessions and is fresh for the next session. Follow this suggestion, i.e. read with attention, say, for 30 min. and close the
book and relax and recollect, say, for 10 min. Then, read further for next 30 min., relax for 10 min. etc.
2. Have a time-table for study. Yes, in a professional course, you have to study a lot. There are
many subjects to study and, naturally, you may find some subjects easier than others. So, depending upon your need, you
have to suitably apportion time for each subject, taking care to see that no subject is neglected. To do this, it is important to
make a proper time table for every day study and then strictly follow the same.
3. Review day's lessons on the same day. This is the 'golden rule' for engineering and other professional
aspirants/student s. Psychologists emphasize that more than 80% of the matter taught in the class is consolidated and
stored in the brain if it is reviewed on the same day. So, make it a rule for yourself that you will review the day's lessons on
that day itself. Once this becomes
a habit with you, it will stand in good stead for you and success is guaranteed.
4. Don't study when you are tired, angry, worried or distracted. This is obvious, but generally neglected by
aspirants/student s! When you are tired, angry, worried or otherwise distracted, you will not be able to concentrate on what
you read and, consequently, the brain will not be able to grasp what is read. So, it will be a waste of time; instead, do
attend to the cause of distraction, and after solving it, study peacefully.
5. Have a proper study environment. This is an important requirement for effective study. If possible, have a
separate study room where you can study uninterrupted. Let there be good
ventilation and lighting in the room. Let there be some photos and sayings of some saints or
leaders of humanity on the walls of your room to motivate you and to give a suitable 'atmosphere' to the room. Let the chair be
such that you sit with your back straight. When you read, let the
light be behind you from the left and hold the book comfortably at a distance of about a foot. Some people concentrate
better if there is light music when they study or work; if you belong to that category, do have some light, soothing music in
the background. Certainly, not that loud, exploding or screeching type of music!
6. Go from 'larger picture' to 'smaller details. i.e. have a proper perspective when you study. First, grasp the
overall picture or area or idea or concept that you are going to study; next, go into its details systematically. This requires
an analytical approach and some mental clarity, which in turn, will make the subject clearer to you.
7. Enjoy some 'off time', without feeling guilty. Yes, when you study hard, you need some relaxation. Take
some 'time off' deliberately to go for a walk, jogging or playing. Stroll on
the sea shore, look at the vast expanse of water or the beautiful sun set; or, watch a beautiful scenery or a wonderful,
blooming flower. There is no limit to the wonders in God's creation, if you have the eyes to 'see. And when you relax, do
relax completely, and don't feel guilty saying `I should have been studying now'! However, one caution: let your 'off time'
be determined by you, and you only, (i.e. not by your friends!) according to a time table.
8. Set reasonable goals and avoid frustration. Many aspirants/student s, in their enthusiasm, set unachievable
goals and then become frustrated when such goals are not achieved. For example,
during the revision for exams, if a subject requires two days for revision, and you allot half a day due to whatever reason,
you may not be able to do justice to the subject, and certainly, you will feel frustrated. So, be reasonable in setting your
goals.
9. Don't be over-critical of yourself. Many times, aspirants/student s become overcritical about themselves.
It is, perhaps, a psychological game one plays on himself, perhaps with a motive of escaping responsibility or passing on the
blame to others. 'I don't understand, 'I will never be able to
finish this, 'this is beyond my capability' etc. are some of the ways in which one criticizes himself. What is the use of
criticizing yourself and thereby getting demotivated? Instead, do some thing positive about it, if you can! 'I read so much;
but, I forget every thing and can't remember anything' is a common refrain from aspirants/student s. Now, think it over:
why don't you remember? This takes us to the next important topic of 'memory techniques.

Try to Prove Yourself the Best in Your Field of Work

Try to Prove Yourself the Best in Your Field of Work
J.R.D. Tata, one of the greatest captains of Industry once said : "One must for ever strive for excellence or even perfection, in any
task howsoever small, and never be satisfied with second best." How meaningful and inspiring these words are ! We who are
striving to achieve great things and accomplish something yet unheard of, must imbibe the spirit and content of these words of the
world renowned industrialist who himself was a living example of super human effort and an achiever of Himalayan heights in the
field he chose for himself. In whatever vocation we are we should do our best, strive to garner glory and try to achieve perfection. If
we constantly do so, it will become our habit in our approach to work we undertake, eventually leading to the success desired. In
case we adopt this attitude of mind, this philosophy of action and effort, we are sure to reach the grand destination of success we
are aspiring for. We must work with concentrated attention in the same way as Arjun of Mahabharat did in piercing the eye of a bird
when asked to do so by his Teacher. Doing your job half-heartedly and with attention divided between different things would leave
you no where. It will bring you nothing but despair and dejection and lead you into the whirlpool of failures galore. If you are
preparing for an examination, academic or competitive, devote your whole soul to it and then witness the golden glory of success
which is your goal. Do your best and not the second best and you will certainly be crowned with the rewards you are craving for,
i.e., the fruition of your ambitions and the realization of your dreams

Start To Believe In Yourself..!!

Start To Believe In Yourself..!!
People who are generally inclined towards regular self-improvement will likely continue to do so. Others may not. The
difference has nothing to do with their external situations. Success or failure in almost anything starts from within. Once
you start believing in yourself, you create a domino effect of positive outcomes. This is true whether you are trying to lose
weight, start a business, or just be happier in life.
Here are eight things that happen when you start to believe in yourself:
1. You become less judgmental.
Judgment and negative energy are a reflection of the giver, not the receiver. People who spend a lot of time judging others
generally spend very little time working on themselves. When you put your energy into your own life and choices, you stop
focusing on everyone else. The road to truly believing in yourself is paved by knowing and accepting yourself, flaws and all.
Walking that journey also makes you much more compassionate and aware that others may also be traveling down a path
that you cannot see.
2. You can actually do more.
The biggest excuse people have for not doing what they need or want to do is, “I don’t have the time.” Yet, every human
being on the planet has the same amount of time in a day. Time is a constant, not a variable. It is what it is. Luckily,
although time doesn’t change, you can. Lack of confidence manifests as fear and perfectionism. However, you can start
building confidence at any given moment. Believing in yourself requires little investment and is very liberating, both
mentally and physically. As Henry Ford one said, “Whether you think you can, or you think you can’t… you’re right.”
3. You inspire others to believe in you.
Authentically confident people are inspiring. When you truly believe in yourself, you hold the power of influence. Others will
want to aid your efforts. This is especially important if you are growing a business or embarking on any endeavor that
requires support.
4. You handle criticism more objectively.
Nobody likes to get negative feedback. The most successful people are those who can take input from others, weed out the
valid points, and make adjustments for the better. Believing in yourself forms a more solid emotional foundation. It allows
you to rationally consider both the information and the source. You also won’t get your feelings hurt as easily, as you’ll be
able to compartmentalize negative intentions. If there is some truth to what the other person is telling you, you will be
confident enough to take it with gratitude and put it in action to your benefit.

5. You increase your power of persistence.
Everyone faces tough times. While falling down is universal, the ability to get up and keep going is individual. Believing in
yourself doesn’t mean believing you are all-powerful or perfect. It means trusting your ability to figure things out and keep
going. If anything, those who are truly confident expects some bumps in the road. They know that those stumbling blocks
will either teach them something, make them stronger, or propel them to some unexpected place. Believe in yourself and
keep going.
6. You attract miracles.
By default, believing in yourself creates positive energy. As you begin to expect the best, you will start to see things
happening that are perfectly aligned with your desires and goals. Energy attracts like energy. It is not blind faith or luck; it’s
the way things naturally work. It’s knowing that you are doing what you need to do towards creating your ultimate
outcome. My personal mantra is, “As I am moving towards my goals, they are also coming towards me.”
7. You become more disciplined.
A deep internal belief in oneself invariably leads to better habits in life. You don’t want to let yourself down! Accepting and
believing in yourself is extremely empowering; with great power, comes great responsibility. You can no longer blame
others or wait for external forces to make things happen for you. People who have a deep inner belief in themselves also
tend to develop great external strategies.
8. Your potential for success becomes exponential.
Tapping into pure self-confidence is like finding an ocean. When you first start testing the waters, it may feel
uncomfortable. As you find initial success, your initial hesitance fades and excitement starts to take over. Eventually, you
are the ship with unlimited potential, eager to see what’s next. Everyone’s journey may be a little different, but once you
get there, the possibilities are endless. Increased confidence brings increased capacity.

FOREX Imp

FOREX
1. In LRS how much amount can be remitted for travel abroad: USD 2,50,000
2. How much amount of Foreign Currency coins be kept with us : No ceiling
3. On FCNR (B), how much amount of loan can be given : No ceiling, subject to normal margin requirements
4. How much Indian currency a person can take while travelling abroad other than Nepal and Bhutan: Ans: Rs.25,000/-
5. Crystallization of Import Bill: With in 10 days of date of receipt
6. FACTA signed with which country:USA
7. In FCNR B, how many days is considered as a year for interest calculation: Ans: 360 days
8. WHICH IS LATEST UCP- : UCP 600 (wef 01.07.2007 )
9. AMT ACCEPTED IN CASH BY AUTH DEALERS AGAINST SALE OF FOREIGN EXCH – UPTO Rs. 50,000
10.UNDER LRS AMT PERMITTED – USD 2.5 LAC
11.MAX TERM PERIOD FOR NRE DEPOSITS – 10 YRS
12.INT PAID FOR PREMATURE WITHDRAWAL OR PREMATURE EXTENSION OF NRE DEPOSITS : 1% Penalty ( upto one crore – Ref cir 108-
2015 )
13.FCNR (B) A/C HELD ONLY IN THE FORM OF – TERM DEPOSITS
14.IN EEFC A/C JOINT HOLDER CAN BE IN THE FORM OF – FORMER OR SURVIVOR with Close Relatives
15.R RETURNWHEN SUBMITTED TO RBI? : FORTNIGHTLY BASIS – 15th & Last day of the month
16.WHAT IS CONVERSION: FOREIGN CURRENCY INTO LOCAL CURRENCY ( SAY - INR )
17.RELEASE OF FOREIGN EXCHANGE NOT EXCEEDING IN 1 FINANCIALYR FOR ONE OR MORE PRIVATE VISITS (EXCEPT NEPAL N BHUTAN)?:
USD 10,000.00
18.RELEASE OF FOREIGN EXCHANGE NOT EXCEEDING FOR BUSINEES TRAVEL?: USD 25,000.00
19.CRYSTALLISATION MEANS?: CONVERTING FOREIGN LIABILITY INTO RUPEE LIABILITY ( DELINKING FOREIGN ELEMENTS FROM BILL &
CONVERTING TO INR )
20.LIMIT FOR SENDING REMITTANCES TO NEPAL BY NEFT...Rs. 50000/
21.MAXIMUM INDIAN CURRENCY THAT CAN BE TAKEN ABROAD BY RESIDENTS-Rs.25000 (export & import of INR)
22.WHAT ACCOUNTS FCNR B CAN BE OPENED AND INWHAT CURRENCIES....FREELY CONVERTIBLE CURRENCY
23.NRE DEPOSITS CAN BE OPENED FOR A MAXIMUM PERIOD OF...10 YEARS.
24.Interest Rate on FCNR(B) deposits should not exceed: Ans: LIBOR for concerned currency for corresponding maturity plus
200bps(Upto 3 year) and LIBOR +300bps (3-5 years).
25.Which of the following apex body and Regulator has asked banks to swap customer-related information so that the frauds and
defaults may be prevented in future? a)Bombay Stock Exchange (BSE) b)Indian Banks, Association (IBA) c)Securities & Exchange
Board of India (SEBI) d) Reserve Bank of India (RBI): Ans: d, (RBI)
26.Under UCPDC 600 what is maximum number of days allowed for examination of documents by issuing bank and negotiating bank?: 5
banking days each.
27.In FCNR (B) Exchange risk is borne by : Ans: Banks
28.As per Liberalised Remittance Scheme, Resident Individuals can remit upto USD 250000.00per financial year for any permitted Current
or Capital Transactions or both. Ans: $75,000
29.Unspent Foreign Exchange brought back by Resident is to be surrendered to Authorised Dealer with in ____ days: Ans: 180 days
30.FCNR(B) is opened in _____ currencies: Ans: 5 (USD,GBP,EURO,AUD,CAD)
31.Export Bills should be realized with in a period of_____ from the date of export. Ans: 9 months
32.What is the rate of Interest payable on EEFC account: Ans: No Interest. Only Current Account
33.Upto what percentage of export proceeds can be credited to EEFC account : Ans: 100%
34.An account of Foreign Correspondant Bank with a Bank in India in Indian Rupees is called as: ans: Vostro Account
35.Latest version of Exports & Imports guidelines. Ans: UCP 600
36.Import, Export rules governed by: Ans: FEMA
37.HOW MUCH REMITTANCE FOR MEDICAL TREATMENT ABROAD...UPTO USD 100000/
38.A RESIDENT CAN KEEP UPTO HOW MUCH USD WITH HIM --- USD 2000 & no limits for Coins
39.IF FOREIGN CURRENCY MORE THAN USD5000 OR F C AND TRAV CHQS MORE THAN USD 10000. : CURRENCY DECLARATION FUND IS
REQUIRED
40.Max time period of FCNR term deposit: Ans: 3 years (AUD, CAD)and 5 years (USD, GBP,Euro)
41.Why Selling rate of Foreign Currency is higher than Traveler Cheque : Ans: Holding cost of currency is high
42.What is Nostro Account: Ans: Account of an Indian Bank with Foreign Bank

Current affairs on 05.10.2018

Today's Headlines from www:

Economic Times

📝 India and Russia to sign over $7 billion defence deals

📝 ICICI Venture in talks to buy stake in Micro Plastics

📝 PSB losses to come down to Rs 50,000 crore in FY19: Report

📝 Business Process Management industry revenue close to $32.5 billion

📝 Bio-CNG incentives to usher paddy stubble-based green projects

📝 DoT to ask Trai about suitability of 28 GHz band for 5G services

📝 Jet Airways gets Rs 258 crore from Jet Privilege

📝 HMSI to invest Rs 630 crore to ramp up capacity by 0.6 million by 2020

Business Standard

📝 Essar Steel bid: ArcelorMittal, Numetal get two weeks to clear dues

📝 Gross direct tax collection up 16.7% to Rs 5.47 trillion in April-September

📝 Indian IT industry revenue to grow by 8% to $167 bn in 2018-19 : Nasscom

📝 Micro-housing finance boom hits roadblock due to liquidity crisis

📝 RIL out of $100-bn club as market cap slips to $96.5 bn, TCS lone member

📝 Oil prices will average close to $80/barrel in 2019, says S&P Global Platts

📝 Importers stuck as deals go haywire after sudden and sharp fall in rupee

Financial Express

📝 Etihad offers Jet Airways an interim relief of $35 million

📝 Corporate advance tax growth rate doubles

📝 Panel asks RBI to explore rupee-renminbi trade

📝 ISA assembly okays $9-m annual budget

📝 Dabur India bets big on direct distribution

📝 Japan’s Kubota Corp drives into India with its engines

📝 Uber plans to expand in India

📝 Expect airfares to go up by 3% as costs up 20%: Crisil report

Mint

📝 Govt blinks, reduces excise duty on petrol, diesel by ₹2.5/litre

📝 New IL&FS board meets, discovers the extent of complexity

📝 Droom raises $30 million to boost credit, certification services

📝 LIC makes open offer for 26% stake in IDBI

📝 Chanda Kochhar quits as CEO of ICICI Bank, Sandeep Bakhshi to take over

📝 RBI  may tighten capital adequacy rules for NBFCs

📝 Blume raises $40 million for third fund, targets total corpus of $80 million

📝 Cut in fuel prices may make ₹9,000 crore dent in oil retailers’ profits.

Digital india

Digital India project was launched by the Prime Minister Sh. Narendra Modi on 1st of July in 2015. It is an effective

scheme to transform India for better growth and development of the people and country. Digital India week (from

1st July to 7th July) was inaugurated by the PM on Wednesday in the presence of senior ministerial colleagues and

leading companies CEOs. It aims to give India a digital push for good governance and more jobs. The PM of India has

tried his best towards digitizing campaign for India in order to bridge the gap between government services and

people. Digitization was the need to be implemented in India for bright future and grow more than any other

developed country. Following are the benefits of digital India campaign:

 It makes possible the implementation of digital locker system which in turn reduces paper work by

minimizing the usage of physical documents as well as enabling e-sharing through registered repositories.

 It is an effective online platform which may engage people in governance through various approaches like

“Discuss, Do and Disseminate”.

 It ensures the achievement of various online goals set by the government.

 It makes possible for people to submit their documents and certificates online anywhere which reduces

physical work.

 Through e-Sign framework citizens may digitally sign their documents online.

 It may ease the important health care services through e-Hospital system such as online registration, taking

doctor appointments, fee payment, online diagnostic tests, blood check-up, etc.

 It provides benefits to the beneficiaries through National Scholarship Portal by allowing submission of

application, verification process, sanction and then disbursal.

 It is a big platform which facilitates an efficient delivery of government or private services all over the

country to its citizens.

 Bharat Net programe (a high-speed digital highway) will connect almost 250,000 gram panchayats of

country.

 There is a plan of outsourcing policy also to help in the digital India initiative.

 For better management of online services on mobile such as voice, data, multimedia, etc, BSNL’s Next

Generation Network will replace 30-year old telephone exchange.

 National Centre for Flexible Electronics will help in the promotion of flexible electronics.

 Large scale deployment of Wi-Fi hotspots has been planned by the BSNL all across the country.

 There is a Broadband Highways in order to handle all the connectivity related issues.

 Open access of broadband highways in all the cities, towns and villages will make possible the availability of

world-class services on the click of mouse.

Masala bonds

 Masala Bonds

The term is used to refer to rupee-denominated borrowings by Indian entities in overseas

markets. Masala bonds can be quite a significant plus for the Indian economy. They are issued

to foreign investors and settled in US dollars. Hence the currency risk lies with the investor and

not the issuer, unlike external commercial borrowings (ECBs), where Indian companies rais money in foreign currency loans. While ECBs help companies take advantage of the lower

interest rates in international markets, the cost of hedging the currency risk can be significant. If

un-hedged, adverse exchange rate movements can come back to bite the borrower. But in the

case of Masala bonds, the cost of borrowing can work out much lower.

Masala bonds can have implications for the rupee, interest rates and the economy as a whole.

A vibrant bond market can open up new avenues for bond investments by retail savers. If

Masala bonds are acquired by overseas investors, this can help prop up the rupee. Masala

bonds are a good idea to shield corporate balance sheets from exchange rate risks.

RBI has permitted Indian banks to masala bonds to finance their Tier 1, Tier 2 capital and

infrastructure financing.

Canada’s British Columbia becomes the first foreign govt. issuer of masala bonds by

successfully raising Rs.5 billion through a rupee-denominated bond in the London Stock

Exchange.

HDFC is first ever Indian corporate to list Masala bond, chooses London Stock Exchange for

landmark issuance. Rupee denominated bond raises INR 30 billion (USD 450 million

equivalent), with 8.33% annual yield, attracting global investor support.

Current affairs on 04.10.2018

Today's Headlines from www:

Economic Times

📝 Spot power rate at decade high of Rs 18 per unit

📝 Invest India asks for inputs from industry to promote e-commerce industry

📝 RBI eases rules for public OMCs to borrow overseas

📝 CII suggests 12 ways to control current account deficit, rupee fall

📝 Acme solar mulls putting 650 MW of capacity up for sale

📝 ZEE launches OTT service across 190 countries

📝 Tribunal allows RCom to sell spectrum to Jio, telco to repay Ericsson

📝 Cement production may grow at 6-7% in FY19: Report

Business Standard

📝 ICICI Bank takes Gitanjali Gems to insolvency court over Rs 6.08-bn dues

📝 Tata Steel to ink Rs 5-billion pacts for Gopalpur SEZ over 2 months

📝 Cabinet clears the decks for Rs 1-trn railway station modernisation plan

📝 Rupee's recent weakness has pushed India out of the $2-trn market-cap club

📝 Govt to list Bharat-22 ETF on overseas exchange to raise capital

📝 New IL&FS board to meet on Thursday, discuss issues plaguing group

📝 GSTN makes PIN code must for transporters, businesses for e-way bill

📝 Govt considers special deposit scheme for NRIs to boost dollar inflows

Financial Express

📝 Tata-Siemens consortium wins bid for Rs 8k-cr Pune Metro line

📝 Demand environment is robust for Indian IT firms

📝 Bond yield rises to 8.11%

📝 HCL Tech bags deal from Australian Energy major TransGrid

📝 Tata Comm subsidiary acquires Netherlands-based Teleena

📝 Ipca Labs subsidiary buys 80% in US-based Bayshore Pharma

📝 General Motor launches India-designed EV prototype

📝 Amazon Pay India gets fresh funding of Rs 590 crore

Mint

📝 M&As poised to cross $100 billion-mark in 2018

📝 Jerry Rao-backed VBHC looks to raise ₹300 crore to fund expansion

📝 Telco gross revenue dips 10% to ₹ 58,401 crore in June quarter

📝 Honda buys stake in GM Cruise self-driving unit, to invest $2 billion

📝 Government  raises  MSP for winter crops as farmers keep up pressure

📝 Infra  developers  to  get railway land, airspace on 99-year lease

📝 Softbank’s Masayoshi Son promises free solar power.

Current Affairs on 03 October 2018

Today's Headlines from www:

*Economic Times*

📝 UK unveils tougher new post-Brexit immigration plans

📝 Tata Motors sees robust commercial vehicle growth, eyes 'fully-built' vehicles

📝 Warehousing stock to reach 297 mn sq ft by 2021: Report

📝 Russia, India to sign deal on S-400 air defence systems this week: Kremlin

📝 PNB wilful defaulters' dues fall marginally to Rs 15,075 crore at August-end

📝 Farm policy will be in sync with global rules: India to WTO

📝 Walmart eyes 10% revenue from private labels, 30 stores by 2019

📝 PE firm True North buys Sesa Oil for Rs. 1250 crore

*Business Standard*

📝 Ericsson settlement deal row: RCom seeks 60 days more for payment

📝 Productivity key to fortunes of engineering micro enterprises: CRISIL

📝 MFs scout for foreign investment opportunities as domestic markets teeter

📝 India targeting 40% power generation from non-fossil fuels by 2030: PM Modi

📝 10 states offer 102 mineral blocks for auction in FY19, Jharkhand tops list

📝 Indian fish exports to surge 61% to 1.7 mn tonnes by 2030: Report

📝 Zydus Wellness' Everyuth goes for an image makeover in beauty market

*Financial Express*

📝 Govt mulls creating steel giant through merger

📝 Truck rentals up 6% on diesel price hike, strong cargo support

📝 Japan’s NTT invests in medical imaging AI start-up DeepTek

📝 Coal India posts 10.6% rise in H1FY19 production

📝 Aster DM Healthcare makes Nigerian foray

📝 Eicher Motors says in talks with forums to end strike at Royal Enfield plant

📝 India loses $210 b per year due to vehicular emissions

*Mint*

📝 PE-led buyout deals hit a record $5.5 billion

📝 Realty NBFC Altico to diversify into infra, education

📝 GST collections likely to top Rs 1 lakh crore in Nov, Dec

📝 Grover Zampa eyes ₹130 crore from Quintela, AVT, others

📝 Apollo’s plan to widen global footprint faces headwinds

📝 Amazon raises minimum wage to $15 for US employees

📝 Task cut out for Vodafone Idea as it moves to leverage synergies.

Period of Limitation useful for certified credit professionals exam

Revival of expired limitation through fresh promise to pay : After the expiry of limitation, the liability can be enforced if
there is a fresh promise to pay the debt barred by limitation, because u/s 25(3) of the Contract Act, a time barred debt is a valid
consideration for a fresh promise to pay.

Period of Limitation

Temporary Overdraft without DPN 3 years from date of loan
Demand Loan 3 years from the date of loan
Demand Promissory Note 3 years from date of DPN
Bill of exchange_payable on demand 3 years from date of Bill.
Usance bill of exchange or promissory note 3 years from the due date of the bill or PN •
Suit for Money Decree 3 years from the date right is due
Term Loans payable by instalments 3 years from due date of each instalment . .
Mortgage 12 years from the due date of the loan
Right of foreclosure by the mortgagee 30 years
Right of redemption 30 years
Cash credit against hypothecation or overdraft 3 years from the date of document.
Cash Credit Pledge Not applicable
Any suit by State/Central Government 30 years from the date when limitation would start
Deposit like SB, CA, FD with a bank 3 years from date of demand
Execution of Decree 12 years from the date of decree
Recovery of loss caused by fraud 3 years from the date of detection of fraud
Claim under Consumer Protection Act 2 year from the date light accrues
Dishonour of cheque under sec 138 of NI Act 1 month from the date right accrues
Appeal to High Court against Lower court 90 days from date of decree
Appeal to other courts on the decree at Lower court 30 days from date of decree

TIPS TO GET VERY GOOD MARKS

TIPS TO GET  VERY GOOD  MARKS
With the exams coming near, we know some of you out there might be having exam blues, and some of
you might be shivering as to what will happen as nothing seems to work. Either you haven’t started your
studies yet or you have been studying all this while but without effective result. If you are into any of the
above mentioned situation, then you are reading the right article at the right time.
“How to prepare for Exams?” has always been a million dollar question for the aspirants/student s, but no
more. Scoring in ICSE and ISC is no big deal. If you focus on some key aspects of preparing for your
examination, then it won’t be difficult to score well. Even if you feel under-prepared, you can do a lot with
the short time you have left. Below are top 10 tips for preparing for your exams and excelling in it. Follow
them and see the result for yourself.
1) You know yourself better:
So, if you had been fooling around thinking that you have enough time for your preparation, then this is
the time to stop. You have just few more days left for the exams. Forget about how much syllabus your
friend X has completed, forget about the constant pestering of your friend Y with questions, and forget
about how friend Z, who, like you has still not started his studies yet. Forget about all these unnecessary
stress because it is really important to believe in yourself, to be confident and to think positive.
Work on the points we have mentioned below for these few days till your exams get over, and then you
will have ample time to fool around. But if you are reading this just a day before your exams, and till now
you have been fooling around thinking to get hold of such top 10 tips and get a 90% by following them,
then no need to waste your time reading this dear. Carry on with your awesome work of fooling around,
as none does that better than you.
2) Plan your study:
Proper Time Management and Planned study in such crucial stage is important. If you have less time, then
don’t try and overdose your plan by trying to fit in every lessons of the subject. Don’t aim to finish all
lessons of any particular subject somehow or the other. If you have 10 chapters, and only 8 of them would
be possible to study properly, then do that. Prepare a time table to be followed till your exams. List in it all
the subjects along with the days and amount of time per day, you can give to some subjects in it. Like, If
you cannot study for more than 4 hours a day, then break down that 4 hours into 2 subjects per day i.e. 2
hours each or 1.5 hour for one subject and 2.5 hours for the other, or whatever you feel like would be
enough. Tough subjects can be given more time and easier ones less. So, if you have 10 subjects in all,
and you divide the time as described above, then in 5 days you will be going through each subject once.
That’s the minimum we can expect from you.
Don’t study for hours at a stretch. You need some time to relax. Divide your time to fit in some relaxation,
as it is better to revise when you are feeling relaxed than to exhaust yourself studying all day! But don’t
go overboard in relaxing. Maintain a balance.
3) Go Through Previous Years Papers:
After you have planned out a time table, take out the subject you are supposed to study today as per the
time table and go through the previous year’s question papers (at least for the last five years) of that
subject in order to analyze the portions of the subjects from where questions are most frequently set.
Note these topics down on a paper. This will be really helpful in order to plan out your preparation for the
subject. [Note: While going through the whole syllabus in correct order is important, you cannot neglect
the fact that you don’t have much time as of now to do that.]
4) Mark Important Points:
After having noted down the frequently asked topics, open your text books or copy, and read through
these topics at least once, but be sure to underline the important points you find in those topics, like some
definitions, keywords etc.
5) Revision Charts:
This might seem strange, but believe me it definitely works. After reading through the topics once, and
marking out the important keywords and points in it, draw out a char consisting of these important points
or brief notes, and stick it on the wall, where you face more often while doing anything.
This process will help you to revise and remember important key points of the lesson well, whenever you
see that wall. This will also serve as a quick revision guide for you just before the day of final examination.
6) Mind Mapping:
Try and mind map the chart which you just created. Look at a portion of the chart and try and rebuild it in
your memory by closing your eyes. Believe me it can do wonders in improving your memory and power of
retaining important points.
7) Avoid Cramming:
Cramming isn’t a good idea at all. Study less, but understand what you study. Cramming is one of your
friends who ditches you in the exam hall. Additionally, cramming the night before your exams is proven to
be ineffective, because you’re taking in so much information at once that it’s impossible to memorize it at
all. In fact, you will hardly retain anything. Try the alternatives for cramming which are mentioned in
points 2 onwards till point 6.
8) Practice by Writing:
This is a really effective method. After giving the allotted time to a subject in a day, close your book, and
ask yourself questions relating to the lesson you just studied to see if you have remembered what you just
studied. Then try and write down the answers to your questions on a paper without referring to a book.
When you are unable to remember an important part of your question (after trying much), then open the
book and go through it once, close the book again, and write it down again on your own.Practice
diagrams, derivations, and programs by writing it down from your memory, as much as you can.
9) Solve Sample Papers:
This is important in order to access your level of preparation. But, this proves beneficial only when you
stick to few basic things. To improve yourself and to extract maximum benefit from these sample papers,
choose a suitable time for yourself, and have the required time (i.e. the time within which you are allowed
to complete the paper) in your hand. Then try to solve this paper in the time limit given at the head of the
paper taking 15 minutes extra for reading the paper.
10) Stick to the guidance of the Teacher:
While we would not suggest attending tuition at this time, but would definitely suggest you to stick to your
school/private teacher’s guidance till the end. This is what is found missing in aspirants/student s
nowadays. Once their syllabus is completed they don’t care about their teachers guidance. This is a
mistake.
Be in contact with him/her on every issues of the subject you come across either via phone or e-mail or by
going to his/her house if that is possible. Whenever you come across a topic hard to grasp, ask the
concerned teachers. They will gladly help.
Additional points to be taken care of:
● Health is important, so don’t neglect foods and don’t compromise with your sleep [we are referring to
the normal required sleep]. Avoid junk foods or any other such food which may keep you unfit. You should
eat only as much as required. Try not to put stress on both your stomach AND your mind.
● Keep away from all undue personal stress. Keep away from phone calls and social networking sites.
● Remember, be positive, stay calm, and mobilize your energies to do the best job possible every day by
trying your best to do justice with the plan you created for your exam preparation.
● Forget about cheating in the exams. The amount of time you give for planning and preparing your
means of cheating are more than enough to actually prepare that lesson if you follow the above tips
properly.
● After you are done with an exam, avoid doing its postmortem by discussing the answers with your
friends. Doing this won’t increase your marks, but can demoralize you if what you wrote was incorrect,
which in turn will affect the rest of your exams. As soon as one exam is over, move swiftly to focusing on
the next one. Dwelling on an exam that you have completed wastes energy and time, and will drive you
crazy.
We hope that the above mentioned tips will benefit aspirants/student s in many ways and will help them in
scoring good marks in their examination. We would be gladly waiting for your feedback, as it can
additionally boost up those aspirants/student s who are still in the shoes in which you were once before
following these tips.
Some More Tips
The mantra is to start early. Stay focused and study regularly with balanced emphasis on all the subjects.
You can follow the following points below to get your dream score!
1. Make a study schedule and follow it religiously
2. Lay calculated emphasis on all subjects, dedicating time to subjects you might be weak in.
3. Solve the previous year’s question papers, most questions tend to repeat in the coming years.
4. Go for regular mock test to evaluate your performance.
5. Go for tuition classes if you feel that you need help. I came across this website All you have to do is
just keep revising your notes!!
6. Do not keep anything pending,
7. Do not take your studies as a stress
8. Feel as if you are doing your favorite job
9. Do not feel tensed at the last moment!!The last few days before your exams
10. Love what you read
11.Understand the concepts thoroughly. Because every word, every formula is going to help you in the
future.
12.Use technical terms and keywords in your answers.
13.Make your answer as short, effective and to-the-point as possible.
14.Develop your vocabulary to tackle the language exams.
15. Read. Re-read and practice.
16. Enjoy what you study, dig deeper into the concepts and learn where and how you could use them
in your daily life.
Best 5 Tips & Tricks To Score Maximum Marks
1- Prepare Yourself For Exam – You can’t do better preparation for the board exam until you are not
ready by yourself. Set your mind to do better in the exam.
2- Keep Distance Form Useless Things – Are you using Internet? and your answer is year, that’s why
you are reading this article. Now You are feeling proud at this moment Because you are using the internet
for better use beyond using whatsapp, facebook or other social networking site.
3- Last Night tips – Don’t leave any topic for last night, Aspirants/student s usually leave important
topics for last night due to think that this is important and i will clear it at the last moment. Don’t do this
type of mistake.
4- Set Timetable for Board Exam – Set your timetable for all subject. All subjects are important from
the perspective of board exam as failure in one single paper can cost you one precious year of your life.
5- Spotless Answer sheet – Answer sheet or every peper should be neat and clean, Every single spot in
your paper can less your marks i mean to say that write carefully unlike the failure, Don’t make insect in
your answer sheet.



Points to Ponder over
 God always gives His best to those who leave the choice with Him.
 Anger is a condition in which the tongue works faster than the mind.
 For every minute you are angry with someone, you lose 60 seconds of happiness that you can
never get back.
 You can't change the past, but you can ruin the present by worrying over the future.
 All people smile in the same language.
 A hug is a great gift... one size fits all. It can be given for any occasion and it's easy to exchange.
 Laughter is God's sunshine.
 Thank God for what you have, TRUST GOD for what you need.
 Take time to laugh, for it is the music of the soul.
 The best thing parents can do for their children is to love each other.
 Harsh words break no bones but they do break hearts.
 Love is the only thing that can be divided without being diminished.
 Education is an ornament in prosperity and a refuge in adversity.
 Education is what survives when what has been learnt has been forgotten.
 Be like a postage stamp. Stick to one thing until you get there.
 Nature is painting for us, day after day, pictures of infinite beauty.
 Money comes and goes; morality comes and grows.
 Nature is a preacher, Life is a teacher.
 Work is Worship, Duty is God.
 Help Ever, Hurt Never.

How to be successful?

How to be successful?
To achieve success you should:

 Dream a 'big dream': Yes, you should dream... and, dream 'big. Don't be ashamed to dream big. All
great achievers started with their 'big dreams. But, your dream must be very strong and not just a
'day dream with no foundation of a strong will. Remember: to dream is far better than to sleep, since a
dreamer flies in the sky whereas a man in deep sleep remains firmly on bed only.

 Visualize strongly: Yes, believe in your dream, which only means believe in yourself. Visualize
very strongly yourself winning or going to the stage and receiving the 'trophy. Strongly visualized
desires have a strange way of getting materialized and become a reality.

 Motivate yourself: Strong motivation is the fuel to take you to your destination. Be self
motivated. Strong motivation gives you an undiminished energy, enthusiasm, drive and vision
required to achieve success.

 Put appropriate, intelligent efforts: Yes, you should have necessary 'tools' to execute any job
efficiently. Here, as a aspirants/student , you should put necessary, intelligent efforts to enhance
your skills in listening, reading, revising, writing the exams etc.

 Relax, and be calm: Have a peaceful composure. Let your mind be calm, collected, sharp and
receptive. Nothing much is achieved by a person whose mind is confused. As said earlier, mind is
only a tool; but, keep it clean and sharp to use it efficiently and achieve maximum results.

 Trust in God: Realize that there is a Power superior to man, which controls the universe. Once
you know that you have put in your sincere and best efforts towards achieving the goal, surrender
yourself to that Power and be at peace. It is well said: 'God helps those who help themselves!:
So, success is sure to follow.

Types of Endorsements

Types of Endorsements:-

1)     Blank Endorsements: section 16(1) it means endorser only signs his name with adding any words or directions this endorsement makes the instrument payable to bearer.

2)     Endorsement in Full: - The endorser added the name of endorsee specifically.

3)     Conditional Endorsement: Here the endorser puts some conditions for endorsee Here the binding of conditions is between endorsee and endorser only. 

4)     San recourse Endorsement: - Endorser added the words without recourse to me.

5)     Facultative Endorsement: - Where an endorser waives the condition of notice of dishonour.

6)     Endorsement on Bearer Cheque: - The endorsement on bearer cheque is meaning less as the cheque once bearer is always bear.

Crossing:-

General Crossing (Sec.123): Two parallel transverse lines on the face of instruments with or without word ‘Not negotiable’. It is direction to the paying bank that do not pay the cheque across the counter.

Special Crossing (Sec.124): In addition of general crossing the cheque bears the name of collecting bank either with or without the words ‘Not negotiable’.

Collection of cheques:-

Section 131: a banker who has in good faith and without negligence received payment for a customer of a cheque (not available for B/E and P/N) crossed generally or specially.  The present section gives protection provided following conditions are fulfilled…

a)    The bank must have acted in good faith and without negligence.

b)    Bank has received the payment as an agent for collection.

c)    Bank has collected the cheque in the duly introduced account of customer only.

d)    The cheque collected must be crossed.

Payment of cheques:-

Liability of drawee (paying banker): It is obligation of the banker to honour the cheques of a customer provided there is sufficient balance and the cheque is otherwise in order.  Section 31 of NI act provides that “The Drawee of a cheque:

a)    Must have sufficient funds in the account.

b)    Properly applicable to the payment of such cheque.

c)    Must pay the cheque when duly required to do so.

d)    In default of such payment, must compensate the drawer for any loss or damage.

Protection for paying banker in case of cheque:-

Regularity of endorsement Section 85(1): Paying banker’s liability is to ensure the regularity of the endorsement and is not concerned with genuineness of endorsement.  The genuineness of endorsement is the liability of collecting banker.  Therefore, protection is available to the paying banker in case of forged endorsements.

Payment in due course (Section-10):-

a)    In accordance with the apparent tenor of the instrument.

b)    In good faith and without negligence.

c)    To the person in possession of the instrument.

d)    Under the circumstances which do not afford a reasonable ground for believing that he is not entitled to receive the payment of the amount mentioned therein.

When bank should not pay:-

a)    The death of the drawer in case of individual’s account terminates the contractual relationship.

b)    Insane customers: in case of insanity.

c)    Insolvent drawers: The bank should stop the operation of such account as if drawer adjudged insolvent and balance in the account vested with official receiver/assignee.

d)    Countermanded by drawer: on receipt of valid stop payment instruction by the drawer.

e)    Others: when a cheque is post dated, with insufficient balance in the account, cheque is of doubtful legality, or cheque is irregular, ambiguous, materially altered or stale etc.

Dishonour of cheques (Sec. 138-147):-

The payee or holder in due course should give notice to drawer within 30 days of return of cheque with the reason “Insufficient balance” and demanding payment within 15 days of his receiving information of dishonour. Drawee can make payment within 15 days of the receipt of notice and only if he fails to do so prosecution could take place.  The complaint is to be made with in one month of the cause of action arising that is expiry of the notice period.

Punishments:

a)    Summary proceedings: fine up to Rs. 5000/- and imprisonment up to one year or both.

b)    Regular proceedings: fine up to the double the amount of cheque or imprisonment up to 2 years or both.

Very useful terms for Promotion exams

Very useful terms for Promotion exams

 Profitability Concepts

1 What is the relevance of profits
Augment economic capital,
Helps retained earnings to increase capital base
Improves Investors confidence
Index of efficient use of funds
Makes a viable organization
2 What is profit and profitability Profit represents an
absolute figure
Profitability is measured by Ratios and shows operational efficiency
3 Name few profitability ratio ROA,NIM,ROE, Book
value,
4 What is ROA, how it is measured and what is the ideal ROA
ROA is Return on Asset and is the ratio of net profit to total assets. The standard measure of ROA
globally is 1%
5 What is NIM, how it is arrived and what is desirable NIM
NIM is Net Interest Margin and is the ratio of net interest income to average earning assets. The desired NIM is
above 3%
6 What is ROE
ROE is Return on Equity / Net worth. It is ratio of Net profit to Average Net worth (Capital + Reserve- intangible
assets)
7 What is Book Value and how it is arrived
It is net worth divided by No. of shares. Market price of share generally factors book value.
8 What is EPS
EPS is Earning Per Share. It is the ratio of net profit to No. of shares
9 What is CRAR, what it indicates
Capital to Risk Weighted Asset Ratio. The total capital, consist of Tier I & Tier II Capital as a ratio of Risk
Weighted Assets. It indicates the soundness and risk bearing ability of a Bank.
10 What do you understand by Yield on Advances
Interest Income on advances divided by average advances indicates average yield on advances. This ratio
enables cost benefit assessment from various loan products.
11 What is yield on Investments
Interest and dividend income on investment divided by average investments indicate yield on investments.
12 What is the cost of deposit
Interest paid on deposit divided by average deposits is called cost of deposit. It consists of Current, SB
and Term Deposit.
13 Which are the operational efficiency ratios,
Cost – Income ratio and Burden ratio is called as operational efficiency ratio.
14 What is Cost Income ratio
Non-Interest Expenditure divided by Net Total Income (Total Income minus
Banking New trends

Very important for caiib JAIIB high power value

Very important for caiib JAIIB high power value ::
How to calculate high power of given value.

This question was asked many times before and experts gave solution for this. But some members still didn't get it.
Here I am trying to present the same menthod symbolically.

Lets take the example:
We have to calculate 1.01^120

Step 1:
Make factors of power (here it is 120)
12*10
15*8
20*6

Factors may be any pair or in three digit as per your convenience.

Suppose we choose 12*10

Step 2:
Enter value (here it is 1.01)

Step 3:
Press sign of multiplication ( * )

Step 4:
Press equal sign ( = ) eleven times ( 11 times)

Step 5:
Press sign of multiplication ( * ) again

Step 6:
Press equal sign ( = ) nine  times ( 9 times) and U will get answer.