United India Insurance notified Administrative Officer posts - October 2014

Recruitment of Administrative Officer (Scale I) 

United India Insurance invites applications from the eligible Indian citizens for the post of Administrative Officers in Generalist / Specialist disciplines. Following are the details for same : 

Administrative Officers -

Total Posts : 323 posts (UR-170, SC-45, ST-21, OBC-87) (PH-7),

Age Limit : 21-30 years, relaxation as per rules.,

Pay Scale : Rs.17240-32640/-,

Qualification : Graduation Degree (in the relevant discipline for specialist officers)

Date of Written Examination : Last week of December 2014.

How to Apply : Interested candidates need to apply on the official website of United India Insurance Company till 18th November 2014.

Official Link : 

http://www.uiic.co.in

                                                                                                      

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Sentence Correction

• 1. If I had time I will call you.

  1. meet time constraints
  2. aim better resource sharing
  3. aim better system utilization
  4. aim low system overhead

  Answer: Option B

• 2. I am tired as I am working since 7 O'clock in the morning.

  1. I was working
  2. I have been working
  3. I had been working
  4. I will be working

  Answer: Option B

• 3. When it was morning they decided to put at an inn.

  1. put out in
  2. put off at
  3. put at
  4. put up at

  Answer: Option D

• 4. Jeans was not permitted in out college.

  1. were
  2. had
  3. will
  4. have

  Answer: Option A

  
  

• 5. He suggested that, we should be bound by a code of conduct, isn't it ?

  1. Shouldn't we
  2. is it
  3. aren't we
  4. None of above

  Answer: Option A

  
  

• 6. The furniture in this room are made of teak.

  1. have
  2. had
  3. is
  4. None of above

  Answer: Option C

  
  

• 7. Sheela told her teacher to explain the chapter once again.

  1. ordered her teacher
  2. invited her teacher
  3. asked her teacher
  4. said to her teacher

  Answer: Option C
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• CALL:- 9810513909
• 
  

CURRENT AFFAIRS

Maharashtra got new Chief Minister with oath of Devendra Fadnavis

On 31st October 2014, Devendra Gangadharrao Fadnavis of BJP was sworn-in as the Chief Minister of Maharashtra after oath ceremony at Wankhede stadium in Mumbai, Maharashtra.

Oath of office and secrecy was administered by Maharashtra Governor C.V. Rao. More than 30000 people were gathered to witness the oath. After this Devendra Gangadharrao Fadnavis became 18th CM of Maharashtra.

New book authored by Chetan Bhagat titled Half Girlfriend released

New book authored by Chetan Bhagat was released and title of this novel is "Half Girlfriend".

This novel is about a boy who is from Bihar and his name is Madhav, who falls in love with a rich girl Riya from Delhi and then its about their love story.

On 31st October Rashtriya Ekta Diwas observed on the day of birth anniversary of Sardar Patel

On 31st October 2014, Rashtriya Ekta Diwas was observed on the 139th birth anniversary of Sardar Vallabhbhai Patel.

Union govt took decision to observe 31 October as Rashtriya Ekta Diwas or National Integration Day. On this occasion Prime Minister of India Mr. Narendra Modi flagged off the Run For Unity in New Delhi. This was a nation wide marathod to mark this day.

Bangladesh Islamist leader Matiur Rahman Nizami sentenced to hang for war crimes

On 29th October 2014, Bangladesh fundamentalist Jamaat-e-Islami party chief Matiur Rahman Nizami was sentenced to death by Bangladesh war crimes tribunal. He was sentenced to death for his role in the killing of thousands of people during the Bangladesh independence war against Pakistan in 1971. Important to mention here that Matiur Rahman Nizami was already given death penalty in Chittagong arms haul case in January 2014.

Pankaj Advani won IBSF World Billiards Championship

On 30th October 2014, Pankaj Advani clinched IBSF World Billiards Championship (Point Format) in Bangalore after defeating Robert Hall of the UK with a score of 1928 - 893 in the finals. This was his second title in the event as on 28th October he won World Billiards (Timed Format) Championship 2014 by beating Rank 1 player Peter Gilchrist.

Good Job !!!

Sardar Vallabhbhai Patel's statue foundation laid in Gujarat

On 31st October 2014, foundation stone of the Statue of Unity was laid by Gujarat Chief Minister Anandiben Patel. Statue of Unity will be the world's tallest statue of Iron man of India Sardar Vallabhbhai Patel, that will be set up on an island Sadhubet at Sardar Sarovar Dam of the Gujrat.

Do you Know :

Statue of Unity will be 182 meter tall.

First European Union country to recognize the State of Palestine is Sweden

Among the International Current Affairs on 30th October 2014, Sweden became the first European Union (EU) country to officially recognise the State of Palestine, though Israel protested against this decision of Sweden.

There are already 130 other nations that already recognise the Palestinian State. Even Hungary, Slovakia and Poland recognise it, but these three countries took this step before joining the EU.

Wanted in Bhopal gas tragedy, Warren Anderson passed away at 92

Former Union Carbide chief Warren Anderson passed away in Florida at the age of 92. He was former Union Carbide chief and was wanted by India to face prosecution for his role in the Bhopal gas tragedy. 

In the year of 1984, poisonous gas leak at the company's plant in Bhopal killed thousand's and thousands were affected by it. 

Minor damages caused to INS Kora, as it was scraped by merchant vessel

On 31st October 2014, Indian Naval Ship Kora was scraped by a foreign merchant vessel about 300 NM at sea from Visakhapatnam which resulted in minor damages to the ship, though there were no damage to the watertight integrity of the ship or any injuries or loss of life.

This minor accident was occurred when INS Kora and INS Gaj were on passage from Visakhapatnam to Port Blair. Merchant cargo ship was from Chittagong in Bangladesh to Colombo. 

                                                                                         

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CHARACTER PUZZLES

1.	Which one will replace the question mark ?
	A. 115 B. 130 C. 135 D. 140 Answer: Option B Explanation: (5 x 6 x 8) + (7 x 4 x 9) = 492 and (7 x 5 x 4) + (6 x 8 x 9) = 572 Therefore (4 x 3 x 5) + (7 x 2 x 5) = 130.

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2.	Which one will replace the question mark ?
	A. 92 B. 72 C. 62 D. 99 Answer: Option D Explanation: 21 + 31 = 52 and 39 + 46 = 85 Therefore, 16 + 83 = 99.

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3.	Which one will replace the question mark ?
	A. 2 B. 3 C. 4 D. 5 Answer: Option B Explanation: (18 x 12)/3 = 72 and (32 x 16)/4 = 128 Therefore, (24 x 14)/? = 112 (336/?) = 112 ? = (336/112) ? = 3.

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4.	Which one will replace the question mark ?
	A. 36 B. 48 C. 38 D. 30 Answer: Option C Explanation: (0 + 2 + 6 + 4) - 2 = 10 and (6 + 2 + 10 + 8) - 2 = 24 Therefore, (4 + 14 + 12 + 10) - 2 = 38.

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5.	Which one will replace the question mark ?
	A. 41 B. 64 C. 35 D. 61 Answer: Option B Explanation: (1)3 = 1, (2)3 = 8, (3)3 = 27 Therefore, (4)3 = 64.

                                                   

                   

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 BANKING TERMS

1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.

2. What is Reverse Repo Rate?

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.

3. What is CRR Rate?

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.3

4. What is SLR Rate?

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.

SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.

5. What is Bank Rate?

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

6. What is Inflation?

A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

7. What is Deflation?

A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.

8. What is PLR?

A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.

9. What is Deposit Rate?

A: Interest Rates paid by a depository institution on the cash on deposit.

Policy Rates:

· Bank Rate: 6.00%

· Repo Rate: 5.25%

· Reverse Repo Rate: 3.75%

Reserve Ratios:

· CRR: 6.00%

· SLR: 25.0%

Lending/Deposit Rates:

· PLR: 11.00%-12.00%.

· Deposit Rate: 6.00%-7.50%.

. Savings Bank rate: 3.5%.

                                                     

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