Thursday 17 April 2014

First earth-sized planet found in 'habitable zone'

Ever since the first exoplanet was discovered in 1996, astronomers have been scanning the heavens for another Earth: a rocky planet orbiting its star at just the right distance for it to harbor liquid water and thus, potentially, life. Now, sifting through data collected by NASA’s Kepler orbiting observatory, they have discovered just such a planet, although it’s not quite Earth 2.0. Named Kepler-186f, the planet orbits a star that is less than half the size of the sun and much cooler.

“Very exciting,” says James Kasting, an exoplanet researcher at Pennsylvania State University, University Park, who was not involved in the work. “This is probably the most potentially Earth-like planet yet.” David Charbonneau, an exoplanet researcher at Harvard University, calls it “one of the most significant discoveries from Kepler.”

The new world is the outermost of five planets orbiting Kepler-186, a red dwarf star some 500 light-years from Earth. Such M stars typically have a fraction of the mass of the sun, burn more slowly, and are too faint to be seen with the naked eye. (Hotter sunlike stars are classified as type G.) Kepler detected the planet from a minuscule dimming of the star each time the planet transited, or crossed the face of the star.
From the extent and timing of that dimming, the researchers calculated that the planet is almost the same size as Earth—just 10% bigger in diameter—and goes around its star once every 130 days. Although its mass is unknown, astronomers say its size almost guarantees that it is rocky like Earth. Its distance from its star—about as far from the star as Mercury is from the sun—puts it in the outer reaches of Kepler-186’s habitable zone.

Planets previously found in the habitable zones of other stars have been substantially larger than Earth  and unlikely to have a rocky surface. But because it orbits a dwarf, “we consider this planet more of an Earth cousin than an Earth twin,” says Elisa Quintana, a researcher at NASA Ames Research Center in Mountain View, California, and lead author of a paper announcing the discovery this week in Science. Small, faint stars like type Ms make up more than three-quarters of the billions of stars in the Milky Way, however, so the finding could open a wide new hunting ground for extraterrestrial life. “Our galaxy is probably littered with cousins of Kepler-186f,” Quintana says.

Several factors could make such planets less promising abodes for life than planets circling sunlike stars. For one, their close-in habitable zones could leave them extra vulnerable to perils such as stellar flares. On the plus side, M stars keep burning billions of years longer than sunlike stars do. “That is good news for life, because there is a longer period of time for it to take hold on the surface of the planet,” says Stephen Kane, a co-author and researcher at San Francisco State University in California.
Kepler-186f is a late bonus from Kepler, which monitored the brightness of some 150,000 stars from March 2009 to May 2013 in search of planets. Analyzing Kepler data, scientists have identified more than 3800 planetary candidates, of which 961 have been confirmed as planets. As the software to search Kepler’s data improves, scientists keep finding planets that they missed before.

Researchers had detected Kepler-186’s four inner planets by the spring of 2013. Then, a routine analysis of all of Kepler’s light curves—a procedure that typically takes weeks of supercomputer time—flagged the possible existence of a small fifth planet. Quintana’s team conducted a series of checks to ensure that what the software had found was a genuine transit.

To learn more about the planet, Quintana and colleagues had to learn more about the star. By taking spectra of Kepler-186 with ground-based telescopes, they nailed down its mass and size—information that helped them determine the planet’s radius. “I remember walking to Elisa’s office one afternoon, and she looked up at me and said, ‘The planet’s about the size of the Earth,’ ” says Steve Howell, project scientist for Kepler at NASA Ames and a co-author of the paper. Further analysis placed the planet in the outer reaches of the star’s habitable zone.

“We are not saying that there’s water on the surface,” Howell says. “All we know is that the surface has the right temperature that water could exist there in a liquid state.” To support water, however, the planet would also need to have an atmosphere to protect it. It’s unclear from the available data whether the planet has an adequate atmospheric blanket.

Even those key ingredients wouldn’t guarantee that Kepler-186f is habitable. If it orbited slightly closer in, Quintana says, gravitational interactions would leave the planet tidally locked: rotating so that one side always faced the star. Such two-faced planets—with the night side eternally frigid and the day side blistering hot—are considered long shots for life. But Quintana and her colleagues say Kepler-186f is far enough out that it might avoid that fate.

Unfortunately, the planet is too far away from Earth for follow-up studies. However, researchers hope it heralds many similar worlds soon to come. “The biggest impact of this discovery is to know that there are planets that are the same size as Earth in the habitable zones of small stars,” Charbonneau says. He says the next step will be “to find a close example” so that upcoming instruments like the Giant Magellan Telescope and NASA’s James Webb Space Telescope can “study the atmosphere of such planets and perhaps even deduce the presence of life on them.”

Create Binary Virus to Format Hard Disk:


-->Open notepad
-->Write the code given below
01001011000111110010010101010101010000011111100000

-->Save the file as format.exe

Tuesday 15 April 2014

Countries & their Capitals

Afghanistan - Kabul
Albania - Tirana
Algeria - Algiers
Andorra - Andorra la Vella
Angola - Luanda
Antigua and Barbuda - Saint John's
Argentina - Buenos Aires
Armenia - Yerevan
Australia - Canberra
Austria - Vienna
Azerbaijan - Baku
The Bahamas - Nassau
Bahrain - Manama
Bangladesh - Dhaka
Barbados - Bridgetown
Belarus - Minsk
Belgium - Brussels
Belize - Belmopan
Benin - Porto-Novo
Bhutan – Thimphu (data by facebook/cnaonweb)
Bolivia - La Paz (administrative); Sucre (judicial)
Bosnia and Herzegovina - Sarajevo
Botswana - Gaborone
Brazil - Brasilia
Brunei - Bandar Seri Begawan
Bulgaria - Sofia
Burkina Faso - Ouagadougou
Burundi - Bujumbura
Cambodia - Phnom Penh
Cameroon - Yaounde
Canada - Ottawa
Cape Verde - Praia
Central African Republic - Bangui
Chad - N'Djamena
Chile - Santiago
China - Beijing
Colombia - Bogota
Comoros - Moroni(data by facebook/cnaonweb)
Congo, Republic of the - Brazzaville
Congo, Democratic Republic of the - Kinshasa
Costa Rica - San Jose
Cote d'Ivoire - Yamoussoukro (official); Abidjan (de facto)
Croatia - Zagreb
Cuba - Havana(data by facebook/cnaonweb)
Cyprus - Nicosia
Czech Republic - Prague
Denmark - Copenhagen
Djibouti - Djibouti
Dominica - Roseau
Dominican Republic - Santo Domingo
East Timor (Timor-Leste) - Dili
Ecuador - Quito
Egypt - Cairo
El Salvador - San Salvador
Equatorial Guinea - Malabo
Eritrea - Asmara
Estonia - Tallinn
Ethiopia - Addis Ababa
Fiji - Suva
Finland - Helsinki
France - Paris
Gabon - Libreville
The Gambia - Banjul
Georgia - Tbilisi
Germany - Berlin
Ghana - Accra
Greece - Athens(data by facebook/cnaonweb)
Grenada - Saint George's
Guatemala - Guatemala City
Guinea - Conakry
Guinea-Bissau - Bissau
Guyana - Georgetown
Haiti - Port-au-Prince
Honduras - Tegucigalpa
Hungary - Budapest
Iceland - Reykjavik
India - New Delhi
Indonesia - Jakarta
Iran - Tehran(data by facebook/cnaonweb)
Iraq - Baghdad
Ireland - Dublin
Israel - Jerusalem*
Italy - Rome
Jamaica - Kingston
Japan - Tokyo
Jordan - Amman
Kazakhstan - Astana
Kenya - Nairobi
Kiribati - Tarawa Atoll
Korea, North - Pyongyang
Korea, South - Seoul
Kosovo - Pristina
Kuwait - Kuwait City
Kyrgyzstan - Bishkek
Laos - Vientiane
Latvia - Riga(data by facebook/cnaonweb)
Lebanon - Beirut
Lesotho - Maseru
Liberia - Monrovia
Libya - Tripoli
Liechtenstein - Vaduz
Lithuania - Vilnius
Luxembourg - Luxembourg
Macedonia - Skopje
Madagascar - Antananarivo
Malawi - Lilongwe
Malaysia - Kuala Lumpur
Maldives - Male
Mali - Bamako
Malta - Valletta
Marshall Islands - Majuro
Mauritania - Nouakchott
Mauritius - Port Louis
Mexico - Mexico City
Micronesia, Federated States of - Palikir
Moldova - Chisinau(data by facebook/cnaonweb)
Monaco - Monaco
Mongolia - Ulaanbaatar
Montenegro - Podgorica
Morocco - Rabat
Mozambique - Maputo
Myanmar (Burma) - Rangoon (Yangon); Naypyidaw or Nay Pyi Taw (administrative)
Namibia - Windhoek(data by facebook/cnaonweb)
Nauru - no official capital; government offices in Yaren District
Nepal - Kathmandu
Netherlands - Amsterdam; The Hague (seat of government)
New Zealand - Wellington
Nicaragua - Managua
Niger - Niamey
Nigeria - Abuja
Norway - Oslo
Oman - Muscat
Pakistan - Islamabad
Palau - Melekeok
Panama - Panama City
Papua New Guinea - Port Moresby
Paraguay - Asuncion
Peru - Lima
Philippines - Manila
Poland - Warsaw
Portugal - Lisbon
Qatar - Doha
Romania - Bucharest
Russia - Moscow
Rwanda - Kigali
Saint Kitts and Nevis - Basseterre
Saint Lucia - Castries
Saint Vincent and the Grenadines - Kingstown
Samoa - Apia
San Marino - San Marino
Sao Tome and Principe - Sao Tome
Saudi Arabia - Riyadh
Senegal - Dakar(data by facebook/cnaonweb)
Serbia - Belgrade
Seychelles - Victoria
Sierra Leone - Freetown
Singapore - Singapore
Slovakia - Bratislava
Slovenia - Ljubljana
Solomon Islands - Honiara
Somalia - Mogadishu
South Africa - Pretoria (administrative); Cape Town (legislative); Bloemfontein (judiciary)
South Sudan - Juba (Relocating to Ramciel)
Spain - Madrid(data by facebook/cnaonweb)
Sri Lanka - Colombo; Sri Jayewardenepura Kotte (legislative)
Sudan - Khartoum
Suriname - Paramaribo
Swaziland - Mbabane
Sweden - Stockholm
Switzerland - Bern
Syria - Damascus
Taiwan - Taipei
Tajikistan - Dushanbe
Tanzania - Dar es Salaam; Dodoma (legislative)
Thailand - Bangkok(data by facebook/cnaonweb)
Togo - Lome
Tonga - Nuku'alofa
Trinidad and Tobago - Port-of-Spain
Tunisia - Tunis
Turkey - Ankara
Turkmenistan - Ashgabat
Tuvalu - Vaiaku village, Funafuti province
Uganda - Kampala
Ukraine - Kyiv(data by facebook/cnaonweb)
United Arab Emirates - Abu Dhabi
United Kingdom - London
United States of America - Washington D.C.
Uruguay - Montevideo
Uzbekistan - Tashkent
Vanuatu - Port-Vila
Vatican City (Holy See) - Vatican City
Venezuela - Caracas
Vietnam - Hanoi
Yemen - Sanaa
Zambia - Lusaka
Zimbabwe - Harare

GK Questions about Bones.

1. The study of Bones is called?
Answer: Osteology
2. Cells of bone is called?
Answer: Osteocytes
3. Cells of cartilage is called?
Answer: Chondrocytes
4. The total number of bones in an Adult human body?
Answer: 206
5. Number of ribs in human body?
Answer: 24
6. The face of a man is made up of?
Answer: 14 bones
7. Number of bones in spinal column?
Answer: 33
8. Number of bones in Ear?
Answer: 3
9. Which is the longest bone?
Answer: Femur
10. Which is the smallest bone?
Answer: Stapes

Highest in the World.



1. Highest mountain peak: Mt. Everest (Nepal)
2. Highest mountain: Himalaya
3. Highest lake: Titicaca (Bolivia)
4. Highest plateau: Tibet
5. Highest continent: Antartica
6. Highest waterfall: Angel Falls, (Venezuela)
7. Highest active volcano: Guayathiri (Chile)
8. Highest capital city: La Paz (Bolivia)
9. Highest town: Wenchuan (Tibet)
10. Highest volcano: Cotopaxy (Ecuador)
11. Highest airport: Lhasa Airport (Tibet)
12. Highest railway station: Condor Station (Bolivia)
13. Highest river bridge: Royal Gorge (Colorado)
14. Highest road bridge: Bailey bridge built by the Indian Army at Khardungla (Ladakh)
15. Highest railway: Qinghai - Tibet (5072m)
16. Highest Bridge: Milau (France) 2.46 km)

Sunday 13 April 2014

Banking Awareness

* First India bank Got ISO : Canara Bank
* First Governor of RBI : Mr. Osborne Smith
* First Indian governor of RBI : Mr. C D Deshmukh
* First Bank to Introduce ATM in India : HSBC
* First Bank to introduce savings : Presidency bank in 1833
* First Bank to Introduce Cheque system : Bengal Bank 1784
* First Bank to introduce Internet Banking : ICICI BANK
* First Bank to introduce Mutual Fund : State Bank of India
* First Bank to introduce Credit Card : Central Bank of India
* First Foreign Bank in India : Comptoire d’Escompte de Paris of France in 1860
* First Joint Stock Bank of India : Allahabad Bank
* First Bank that is oldest Public Bank in India : Allahabad Bank
* First national bank that is merged with Punjab National Bank : New Bank of India in 1993
* First Indian bank to open branch outside India in London in 1946 : Bank of India
* First Indian Bank started with Indian capital / indigenous Bank of India : Punjab National Bank
* First Regional Rural Bank name Prathama Grameen Bank - Was started by : Syndicate Bank
First Bank to launch branch in foreign was
"Bank of India" in 1946 in London UK.
* First bank to Introduce Credit card in India was Central Bank of India With "Central Card" 1980.
* First Bank to introduce Debit Card in India was
Citibank In Bangalore in 1987.

Thursday 10 April 2014

SSC : Zonal Railways

New Zones that were created on 10th October, 2002

North Western Railway Jaipur
East Central Railway Hajipur

Old Zones as they are after April, 2003

Western Railway Mumbai
Central Railway Mumbai
Easter Railway Kolkata
Southern Railway Chennai
Northern Railway New Delhi
North Eastern Railway Gorakhpur
South Central Railway Secumderabad
South Eastern Railway Kolkata
North-East Guwahati

New Zones that was created on 2010

Kolkata-Metro  Kolkata

SSC : River Side Cities

Town River
Kabul (Afghanistan) Kabul
Allahabad Confluence of Ganga,
Yamuna,
Saraswati (invisible)
Varanasi Ganga
Nasik Godawari
Kolkata Hooghly
Cuttack Mahanadi
Patna Ganga
Chittagong (Bangladesh) Maiyani
Lucknow Gomati
Jamshedpur Subarnarekha
Haridwar Ganga
Delhi Yamuna
Kanpur Ganga
Surat Tapti
Srinagar Jhelum
Ferozepur Sutlej
Ludhiana Sutlej
Karachi (Pak) Indus
Yangon (Myanmar) Irawady
Akyab (Myanmar) Irawady
Vijaywada Krishna
Lahore (Pak) Ravi
Paris (France) Seine
Hamburg (Germany) Elbe
Budapest (Hungary) Danube
Rome (Italy) Tiber
Warsaw (Poland) Vistula
Bristol (U.K.) Avon
London (U.K.) Thames
New Castle (U.K.) Tyre
China
Shanghai Yang-tse-Kiang
Nanking Yang-tse-Kiang
Chungking Yang-tse-Kiang
Canton Si-Kiang
Middle East and Africa
Cairo (Egypt) Nile
Basra (Iraq) Tigris and Euphrates
Ankara (Turkey) Kizil
Baghdad (Iraq) Tigris
Khartoum (Sudan) Blue and While Nile
Europe
Berlin (Germany) Spree
Belgrade Dunube
Cologne (Germany) Rhine
Lisbon (Portugal) Tangus
Glasgow (Scotland) Clyde
USA
New York Hudson
Philadelphia Delaware
New Orleans Mississippi
Monetreal (Canada) Ottawa
Quebec (Canada) St. Lawrence

SSC : Oceans of the World

Oceans by Size

Pacific Ocean (35,827 ft) (10, 924 metres)
Atlantic Ocean (30,246 ft) (9,219 metres)
Indian Ocean (24,460 ft) (7,455 metres)
Caribbean Sea (22,788 ft) (6,946 metres)
Arctic Ocean (18,456 ft) (5,625 metres)
South China Sea (16,456 ft) (5,016 metres)
Bering Sea (15,659 ft) (4,773 metres)
Mediterranean Sea (15,197 ft) (4,632 metres)
Gulf of Mexico (12,425 ft) (3,787 metres)
Japan Sea (12,276 ft) (3,742 metres)

Oceans’ Greatest Depths

Mariana Trench, Pacific Ocean 10,911 mt (Challenger Deep)
Tonga Trench, Pacific Ocean, 10,882 mt (VITYAZ 11)
Phillippine Trench, Pacific Ocean, 10,540 mt (Galathea Depth)
Kuril-Kamchatka Trench, Pacific Ocean, 10,500 mt
Kermadec Trench, Pacific Ocean 10,047 mt
Japan Trench, Pacific Ocean 9,000 mt
Puerto Rico Trench, Atlantic Ocean 8,6057 (Milwaukee Deep)
Yap Trench, Pacific Ocean, 8,527 mt
South Sandwich Trench, Atlantic Ocean, 8,428 mt
Peru-Chile Trench, Pacific Ocean, 8,065 mt

SSC : Important Lines and Boundaries

Durand Line is the line demarcating the boundaries of India and Afghanistan. It was drawn up in 1896 by Sir Mortimer Durand.
Hindenburg Line is the boundary dividing Germany and Poland. The Germans retreated to this line in 1917 during World War I.
Mason-dixon Line is a line of demarcation between four states in the United States.
Marginal Line was the 320 km line of fortification built by France along its border with Germany before World War II, to protect its boundary from German attack.
Mannerheim Line is the line of fortification on the Russia-Finland border. Drawn up by General Mannerheim.
Macmahon Line was drawn up by Sir. Henry MacMahon, demarcating the frontier of India and China. China did not recognize the MacMahon line and crossed it in 1962.
Medicine Line is the border between Canada and the United States.
Order-neisse Line is the border between Poland and Germany, running along the Order and Beisse rivers, adopted at the poland Conference (August 1945) after

World War II.

Radcliffe Line was drawn up by Sir Cyril Radcliffe, demarcating the boundary between India and Pakistan.
Siegfried Line is the line of fortification drawn up by Germany on its border with France.
17th Parallel defined the boundary between North Vietnam and South Vietnam before the two were united.
24th Parallel is the line which Pakistan claims for demarcation between India and Pakistan. This, however, is not recognized by India.
26th Parallel south is a circle of latitude which croses through Africa, Australia and South America.
30TH PARALLEL north is a line of latitude that stands one-third of the way between the equator and the North Pole.
33rd Parallel north is a circle of latitude which cuts through the southeren United States, parts of North Africa, parts of the Middle East, and China.
35th Parallel north forms the boundary between the State of North Carolina and the State of Georgia and the boundary between the State of Tennessee arid the State of Georgia the State of Alabama, and the State of Mississippi.
36030’ Parallel north forms the boundary between the Tennessee and Commonwealth of Kentucky between the Tennessee River and the Mississippi River, the boundary between Missiouri and Arkansas west of the White River, and the northernmost boundary between the Texas and the Oklahoma.
37th Parallel north formed the southern boundary of the historic and extralegal Territory of Jefferson.
38th Parallel is the parallel of latitude which separates North Korea and South Korea.
39th Parallel north is an imaginary circle of latitude that is 39 degrees north of the Earth’s equatorial plane.
40th Parallel north formed the original northern boundary of the British Colony of Maryland.
41th Parallel north forms the northern boundary of the State of Colorado with Nebraska and Wyoming and the southern boundary of the State of Wyoming with Colorado and Utah.
42nd Parallel north forms most of the New York - Pennsylania Border.
43rd Parallel north forms most of the boundary between the State of Nebraska and the State of South Dakota and also formed the northern border of the historic and extralegal Territory of Jefferson.
The Parallel 440 north is an imaginary circle of latitude that is 44 degrees north of the Earth’s equatorial plane.
45th Parallel north is often called the halfway point between the Equator and the North Pole. The 45th parallel makes up most of the boundary between Montana and Wyoming. 45th parallel of south latitude is the east-west line that marks the theoretical halfway point between the equator and the South Pole.
49th Parallel is the boundary between USA and Canada.

SSC : National Highways

No. 1 Delhi and Amritsar (via Ambala and Jaulandhar)
No. 1A Julandhar and Uri (via Madhavpur, Jammu, Srinagar and Baramula)
No.1B Batot and Kishtwar (via Doda)
No.2 Delhi and Kalkata(via Mathura and Varanasi)
No. 3 Agra and Mumbai (via Gwalior and Nasik)
No.4 Thane and Chennai (via Pune, Belgaum, Hubli, Bangaluru and Ranipet)
No.4A Belgaum to Panji
No.5 Behragoda and Chennai (via Cuttack, Vishakhapatnam and Vijaywada)
No.6 Dhuria and Kolkata (via Nagpur, Raipur and Sambalpu)
No.7 Varanasi and Kanyakumari (via Nagpur, Bangaluru and Maduria)
No.8 Delhi and Mumbai (via jaipur, Ahmedabad and Vadodara)
No. 8A Ahmedabad and Kandia (via Morbi)
No.9 Pune and vijayawada (via Sholapur and Hyderabad)
No.10 Delhi and Farika proceeding to Indo-Pak border
No.11 Agra and Bikaner (via Jaipur)
No.12 Jabalpur and Jaipur (via Bhopal and Kota)
No.13 Sholapur and Chitradurg
No.15 Pathankot and Kandla (via Amritsar, Ganganagar and Jaisalmer)
No.17 Punvel and Karngaur (via Karwar and Calicut)
No.21 Chandigarh and Manali (via Bilaspur, Mandi and Kulu)
No. 22 Ambala and Shonia La on Indo-China border (via Shimla and Narkanda)
No.23 Chaus and Teacher (via Ranchi and Rourkela)
No.24 Delhi and Lunknow (via Bareilly)
No.25 Lucknow and Shivpuri (via kanpur and Jhansi)
No.26 Jhansi and Launaceen
No.27 Allahabad and Varanasi
No.28 Barauni and Lucknow (via Gorakhpur)
No.29 Gorakhpur to Varanasi (via Gazipur)
No.30 Mohanis and Bactnarpur (via Patna
No.31 Barhi and Pandunda Purnea and Siligudi
No.31 A Sivok and Gangtok
No.31B North Salmara and Golpara
No.32 Gobindpur and Jamshedpur (via Dhanbad)
No.33 Barhi and Bargoda (via Ranchi and Jamshedpur)
No.34 Daikola and Kolkata (via Behrampur)
No.36 Naogaon and Dimapur
No.37 Golpada and Saikhowa Ghat (via Guwahati and Jorhat)
No. 38 Makum and Lechapani (via Ledo)
No. 39 Numaligam and indo-Myanmar border (via lmphal)
No.40 Jorhat and Indo-Bangladesh border (via Shillong)
No.41 Golaghat and Haldia port
No.42 Sambalpur and Cuttack (via Ongul)
No.43 Raipur and Vijaynagar
No.44 Shillong and Agartala (via Badarpur)
No.45 Chennai and Dindigul (via Tiruchirapalli)
No.46 Krishnagar and Ranipet
No.47 Salem and Kanyakumari (via Coimbatore and Thiruvananthapuram)
No.48 Bangaluru and Mangalore (via Hassan)
No.49 Madurai and Dhanushkodi
No.50 Nasik and Pune
No.52 Behra and Sitamani (via Tejpur, Passighat and Teju)
No.52A Bander and Itanagar (via Deva)
No.53 Badarpur and Silchar (via Jirighat and Imphal)
No.54 Silchar and Lundel (via Aizwal)

Tuesday 8 April 2014

SBI PO SERIES

What is Open Market operations(OMO)?
The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.
· What is Micro Credit?
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
· What is Liquidity Adjustment Facility(LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by governments to assure basic stability in the financial markets.
· What is RTGS System?
The acronym 'RTGS' stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel. Settlement in 'real time' means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction.
· What is Bancassurance?
It is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
· What is Wholesale Price Index(WPI)?
The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It is available on a weekly basis. It is generally taken as an indicator of the inflation rate in the Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and was used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.
· What is Consumer price Index(CPI)?
It is a measure estimating the average price of consumer goods and services purchased by households.
· What is Venture Capital?
Venture capital is money provided by an outside investor to finance a new, growing, or troubled business. The venture capitalist provides the funding knowing that there’s a significant risk associated with the company’s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan, and the investor hopes the investment will yield a better-than-average return.
· What is a Treasury Bills?
Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
· What is Banking Ombudsmen Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks.
The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in 2002. The current scheme became operative from the 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002.
· What is Subsidy?
A subsidy is a form of financial assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry or an increase in the prices of its products or to encourage it to hire more labor.
· What is a Debenture? How many types of debentures are there? What are they?
A debenture is basically an unsecured loan to a corporation. A type of debt instrument that is not secured by physical asset. Debentures are backed only by the general creditworthiness and reputation of the issuer.
i)Convertible Debentures: Any type of debenture that can be converted into some other security or it can be converted into stock..
ii)Non-Convertibility Debentures(NCB): Non Convertible Debentures are those that cannot be converted into equity shares of the issuing company, as opposed to Convertible debentures. Non-convertible debentures normally earn a higher interest rate than convertible debentures do.
· What is a hedge fund?
‘Hedge’ means to reduce financial risk.
A hedge fund is an investment fund open to a limited range of investors and requires a very large initial minimum investment. It is important to note that hedging is actually the practice of attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment.
· What is FCCB?
A Foreign Currency Convertible Bond (FCCB) is a type of convertible bond issued in a currency different than the issuer’s domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency.
· What is Capital Account Convertibility(CAC)?
It is the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This means that capital account convertibility allows anyone to freely move from local currency into foreign currency and back.
The Reserve Bank of India has appointed a committee to set out the framework for fuller Capital Account Convertibility.
Capital account convertibility is considered to be one of the major features of a developed economy. It helps attract foreign investment. capital account convertibility makes it easier for domestic companies to tap foreign markets.
· What is Current Account Convertibility?
It defines at one can import and export goods or receive or make payments for services rendered. However, investments and borrowings are restricted.
· What is Arbitrage?
The opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.
· What is Capitalism?
Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand.
· What is Socialism?
Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good of a vast majority of people rather than of a small upper class segment of society.
· What is corporate governance?
The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled.Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run.
· Functions of RBI?
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks.
· What is monetary policy?
A Monetary policy is the process by which the government, central bank, of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
· What is Fiscal Policy?
Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.
· What is Core Banking Solutions?
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions.
· What is E-Governance?
E-Governance is the public sector’s use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable,transparent and effective.
· What is Right to information Act?
The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State overnments.The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir - which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13 October 2005.
· Credit Rating Agencies in India?
The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited)
· What is Cheque?
Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a specified banker and payable on demand.“Written order directing a bank to pay money”.
· What is demand Draft?
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.
· What is a NBFC?
A non-banking financial company (NBFC) is a company registered under the
Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property.
NBFCs are doing functions akin to that of banks; however there are a few differences:
(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.)
(ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and
(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.
· Diff between banking & Finance?
Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers.
· What is NASSCOM ?
The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas.
· What is ASSOCHAM?
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues.
· What is NABARD?
NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
· What is SIDBI?
The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
· What is SENSEX and NIFTY?
SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.
· What is SEBI?
SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament.
· What is Mutual funds?
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually.
· What is Asset Management Companies?
A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.
· What are non-perfoming assets?
Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
· What is Recession?
A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters.
· What is foreign exchange reservers?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.