Current Affairs Current Affairs - 13 July 2015 - Vikalp Education

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Current Affairs - 13 July 2015


Amid protests, Manipur withdraws controversial bill on regulation of visitors
  • IMPHAL: The Manipur government on Sunday withdrew the controversial Manipur Regulation of Visitors, Tenants and Migrant Workers' (MRVTMW) Bill, 2015, which was one of the primary demands of the pro-inner line permit (ILP) agitators seeking restriction and regulation of migration of 'outsiders' to the state.

    The Bill, which was passed by the state assembly in March last has a clause that enables migrants to purchase land in Manipur. The governor reserved the Bill for consideration with the President of India.

    The decision has come after five days of intense agitation by the Joint Committee on ILPS (JCILPS), a conglomerate of civil society organizations and a day after chief minister Okram Ibobi Singh submitted at a security review with union home minister Rajnath Singh in Guwahati that the ongoing agitation for ILP in his state is a genuine demand and the centre needs to find solution.

    Imphal has been under curfew since Wednesday after an agitator, a class 11 student, died in police tear gas shelling.

    Earlier on Sunday, fresh clashes erupted between agitators and police in Greater Imphal area as supporters of introduction of Inner Line Permit in Manipur continued their defiance of the curfew, which stepped into the fifth day, and took to the streets in large numbers.

    Police said the forces burst teargas shells to control the agitators, who in turn used slingshots and catapults on them.

    Both sides sustained minor injuries, police said, adding that the clashes took places after the end of the curfew relaxation hours at 12 noon.

    Protest rallies defying the curfew were organized during the day across Imphal west district including at Iroisemba, Kwakeithel, Sagolband, Heirangoi Thong, Langjing Achouba and at Khundrakpam, Sekta, Keibi, Taret Khul, Sawombung, Chingarel, Lamlai, Khurai, Soibam Leikai, Nongmeibung, Chanam Sandrok, Langdum, Kongba Uchekon in Imphal East district, police said.

    Sit-in protests were held in about 40 villages across the state as the movement demanding the introduction of the regulation along the lines of Nagaland, Arunachal Pradesh and Mizoram is now spreading to Thoubal and Bishnupur districts, police said.

Amnesty International advocates repeal of AFSPA in northeast
  • Amnesty International advocates repeal of AFSPA in northeastGUWAHATI: A day after the Union Home Minister talked about a possible scaling down in central forces' deployment in the northeast, Amnesty International on Sunday said it must lead to a rethink on the use of the Armed Forces (Special Powers) Act in NE states.

    "On July 11, Union Minister of Home Affairs Rajnath Singh discussed a possible reduction in deployment of central forces in a meeting with chief ministers of northeastern states... (and) that the security situation has improved in the region," Amnesty International India Media Officer Himanshi Matta said in a press statement.

    "Worryingly, there was no discussion on the AFSA, 1958, which is in force in several north-eastern states," the statement claimed.

    The Amnesty International India stated "The Justice Verma Committee set up to review laws against sexual assault had said the AFSPA legitimises impunity for sexual violence."

    "The Justice Santosh Hegde Commission set up by the Supreme Court to investigate cases of fake encounters in Manipur described the law as 'a symbol of oppression..." it said.

    "Several international bodies and experts, including the UN Special Rapporteurs on violence against women, extra-judicial executions and human rights defenders, have also called for the repeal of the law," the statement added.

Top Kerala cop lands in controversy, fails to salute home minister
  • Top Kerala cop lands in controversy, fails to salute home minister
    THIRUVANANTHAPURAM: A senior IPS officer was in the midst of a controversy after he allegedly showed "disrespect" to Kerala home minister Ramesh Chennithala by failing to salute him.

    However, reacting to the incident involving ADGP Rishiraj Singh, Chennithala on Sunday said it was for the DGP to probe if his behaviour violated protocol.

    "I have no complaint against anyone in this regard,", the minister told reporters.

    Singh has dismissed the reports as "baseless" and said that the minister had entered through the back side of the venue which he had failed to notice.

    The incident occurred yesterday when the home minister arrived to attend the passing out parade of women police personnel at the Police Academy in Thrissur.

    As soon as it was announced in the public address system that Chennithala had reached the venue, senior police officers on the dais stood up to receive him and saluted the minister.

    ADGP Rishiraj Singh, in charge of special services and traffic, who was seated on a sofa, continued to do so and did not proceed to welcome the minister or salute him. After Chennithala left the venue, the official got up and left.

    DGP T P Senkumar, who described Singh as a disciplined officer, told reporters here "if the officer had deliberately failed to salute the minister, that was not right. If it was an oversight, that needs to be corrected. On seeing a minister, it is the duty of a police officer to salute him. Do we address someone as 'sir' as per his rank?," he asked.

    When the incident became a talking point in the social media, Singh dismissed the reports as "baseless".

    The ADGP's photograph showing him seated went viral in social media and it was alleged that he had shown disrespect by not standing up and saluting the minister.

    "The Facebook and Whatsapp postings are creating confusion among the public. When we are sitting on the dais facing the parade, the minister entered from behind. How will we see a person who is behind us? At the parade we are supposed to get up only when the national anthem is played", Singh had stated.

Chidambaram escapes unhurt after car rammed by escort vehicle
  • Chidambaram escapes unhurt after car rammed by escort vehicleCHENNAI: Former Union minister P Chidambaram on Sunday escaped unhurt after a police escort vehicle rammed into the car in which he was travelling from the rear near Guindy area in the city. 

    Four personnel in the escort car were injured when it was hit from the rear by another car and under the impact, it shot forward and rammed into Chidambaram's car, police said. 

    69-year-old Chidambaram was on his way to the airport when the accident occurred, police said. 

    The escort car was severely damaged, while the Congress leader's car suffered some minor damage, they said. 

Greece teeters between fear and fatalism
  • Greece teeters between fear and fatalism
    ATHENS: "We don't sleep, everybody's worried," a Greek pensioner said.

    With their future being decided thousands of kilometres (miles) away in Brussels by eurozone officials and EU leaders, ordinary people in Greece were split between fear and fatalism, questions swirling in their minds.

    Will Greece get its bailout? Or will Germany and Finland block its rescue, sending the nation crashing out of the euro?

    "Getting an agreement will be really difficult," said Angelos Panolas, a young unemployed man. "I don't see the European partners giving a gift to Greece."

    A pensioner, Yannis Theodoridis, remarked that the last few days have been "very hard," particularly given he had been unable to withdraw his full pension from the bank due to capital controls rationing withdrawals.

    Daily limits from ATMs are capped at 60 euros ($67) and the expectation is they will run dry any day now unless the European Central Bank is persuaded -- by a nascent bailout agreement -- to inject emergency funds into Greece's banks.

    Failing that, many worry that Greece could be forced to start printing its own money, or perhaps even go back to its pre-euro currency, the drachma.

    "If we go back to the drachma it's all over, it will be a catastrophe and there will be no way back," Theodoridis said.

    "It's a very difficult situation we're in -- we don't sleep, everybody's worried, there's no money, the banks are closed."

    Irini Karanasiou, a 77-year-old Greek woman, complained that some eurozone nations were being too hard on the Greek government. "But at the same time, the Greeks are also responsible for the situation they're in" because "we weren't ready to negotiate from the start".

    That said, she didn't want to think of Grexit as a reality. "It won't be good for anybody -- not just us, but it also won't be good for Europe."

    Katerina, a 23-year-old tour guide, saw malice in the way her country was being treated.

    "I think our European partners are being really tough with us and with what they are saying about us. They want to show Greece in a bad light and make fun of us," she said.

    Nikos, a pensioner, was blunter about Finland, which, with Germany, has openly come out opposing any new bailout for Greece.

    "If we see 'Made in Finland' on a product, we won't buy it. Those people are so cold, they're the ones who should leave Europe."

    Some embraced hope despite the odds.

    Such as Antonis, a taxi driver who believed a deal would be struck no matter what.

    "They (the creditors) say yes, they say no -- it's just to scare people. But in the end, they'll sign," he said.

EU powers clash over Greece as euro exit looms
  • EU powers clash over Greece as euro exit loomsBRUSSELS: Divided eurozone leaders clashed over the fate of Greece on Sunday with a catastrophic exit from the single currency looming large as they struggled to reach a bailout deal with debt-hit Athens. 

    Germany's fiscal hawks faced off against doves led by France at a summit of the 19 eurozone leaders in Brussels, with Athens facing demands to push through new reform laws next week. 

    Despite the fact Greece's banks could run dry soon, an emergency summit of all 28 EU leaders billed as the last chance to keep the country in the euro was called off due to slow progress. 

    Greece's leftist Prime Minister Alexis Tsipras insisted a deal was possible on Sunday night "if all parties want it", adding that he was ready for an "honest compromise". 

    But German Chancellor Angela Merkel took a tough line as usual, echoing her usual position and that of several mainly newer eastern European euro members. 

    "There will be no agreement at any price," Merkel told reporters, complaining of a loss of trust in Athens and warning of "tough negotiations" ahead. 

    French President Francois Hollande, whose country has been the most supportive of Athens during the six-month standoff, meanwhile said Paris would do "everything" to keep Greece in the euro. 

    The meeting came after the Eurogroup of eurozone finance ministers finished two days of intense talks on Greece's proposals for reforms in exchange for a three-year bailout worth 80 billion euros ($89 billion). 

    They agreed Greece would have to push through new laws by Wednesday under the conditions agreed by the eurozone ministers, Finnish finance minister Alex Stubb said afterwards. 

    Athens would also have to introduce tough conditions on labour reform and pensions, VAT and taxes, and measures on privatisation, he said. 

    "We have come a long way but a couple of big issues are still open," Eurogroup chief Jeroen Dijsselbloem said. "We are going to put those to the leaders so it's up to them." 

    Greece and its creditors have been at odds since Tsipras was elected in January on a vow to end five years of bitter austerity under two bailouts since 2010 worth 240 billion euros. 

    Tension turned to anger last month after Tsipras called a referendum on the bailout terms, in which Greeks overwhelmingly rejected the creditors' demands. 

    Greece's parliament approved fresh proposals by the government in Athens in the early hours of Saturday, despite the fact they were largely similar to many of those rejected in the referendum.

    In Greece, there is growing alarm at capital controls that have closed banks and rationed cash at ATMs for nearly two weeks, leading to fears that food and medicine will soon run short. 

    Economy minister Giorgos Stathakis warned the restrictions will likely stay in place for "months" even if there is a deal. 

    Greek newspapers expressed alarm, with the headline of the Eleftheros Typos in Athens saying: "The future of Greece on a razor's edge" and asking "what will happen in the case of the nightmare of a Grexit?" 

    The European Central Bank is providing emergency liquidity to keep Greek banks afloat but has frozen the limit, with fears that failure to reach a deal could cause it to shut off the taps completely. 

    Fears are mounting meanwhile that the results of Friday's parliamentary vote in Athens could have critically weakened the Greek government's ability to quickly legislate on the reforms as demanded by the eurozone. 

    Tsipras won the backing of 251 out of 300 deputies in the Greek parliament for his reform plans, even though they are similar to the ones that Greeks rejected in last week's referendum. 

    But three senior government figures were among 10 MPs who abstained or voted against, and several others from the ruling leftist Syriza party stayed away, prompting commentators to predict a government shake-up. 

    Greece's debt is now worth nearly 180 per cent of the country's GDP and on June 30 it became the first advanced economy to default on a payment to the International Monetary Fund. 

    "We don't sleep, everybody's worried," a Greek pensioner said, watching with concern the events taking place in Brussels several thousand kilometres (miles) away.

Sumit Nagal wins Wimbledon boys' doubles title
  • Sumit Nagal wins Wimbledon boys' doubles title
    LONDON: Youngster Sumit Nagal entered the history books as only sixth Indian to win a Grand Slam junior title after winning the boys doubles trophy at the Wimbledon championships with partner Nam Hoang Ly, here on Sunday. 

    17-year-old Nagal and his eighth seed Vietnamese partner overcame the fourth seeds Reilly Opelka and Akira Santillan 7-6(4), 6-4 in the title clash that lasted 63 minutes. 

    Yuki Bhambri was the last Indian to taste success at the top level in junior tennis when he won the Australian Open boys singles title in 2009. 

    Ramanathan Krishnan (Wimbledon, 1954), Ramesh Krishnan (French Open and Wimbledon, 1979) and Leander Paes (Wimbledon 1990, U.S. Open 1991) are the other junior Grand Slam singles champions from India. 

    Sania Mirza had won the Wimbledon girls doubles title in 2003 with Russian partner Alisa Kleybanova. 

    There was little to separate the two pairs as the winners won 65 points, only three more than their rivals. 

    Nagal and his partner broke their opponents in the 10th game of the second set and that proved decisive in the outcome of the match.


Commonly asked Bank Interview questions and Their Answers

  • A few things are meant to be kept in mind by all the shortlisted candidates looking forward for this Interview Process are -
    • Reach On Time
      • Candidate Must reach well before time. Make sure to reach 2 hours before commencement of Interviews as mentioned in the admit card as there are a few formalities to be completed before you may appear before the interview panel.
    • Bring all Original Documents
      • Make sure to bring all the Original documents for verification purpose. Please note that you will not be allowed to appear in the Interview if Original documents of 10th - Graduation are not bought along.
      • In case you don't have the Original degree of graduation - Then bring marksheets of all the semesters/ years and you will have to sign an Undertaking for submitting the degree at the time of Joining any of the allotted banks if you succeed in the selection process. But all other original documents should be kept with you.
    • Be prepared to wait 2 - 3 Hours.
    The Interview
    Interview will begin and you shall face 3 - 4 senior bankers that might be from IBPS or any of the participating banks. Relax and take your seat with a smile on your face.
    Keep in mind that they know that you are capable of holding this job as you have already cleared the written test. Now all the matter comes down to just one thing - Do you really want to work in a Bank ??. All the Interview will revolve around this one question and you have to make them feel that yes you really want to be a bank clerk and are not motivated by any other external factor (Even if you are :) ).
    Okay, now the first question will be - Tell us something about yourself ??.
    Go through this article and sample questions and answers to gain some really helpful and proven tips that will help you succeed.
    1. Tell us Something about Yourself ??
      • Here, Do not read all the data in your resume and also do not go too deep about telling about your parents, village and grand parents etc. For example, avoid answers like- "My village name is XYZ which come under XYZ District. My school name was XYZ school etc....."
      • How to Answer -
        • Be natural and calm. Speak Slowly and Tell them about your strengths, achievements and passions etc. This question should not take more than 3 Minutes to be answered. Always Keep in mind that they know that you are capable as you have already cleared the written test, now you have to show them your suitability and genuine desire for this job and make the interviewer feel that you are the right person as a bank clerk.
    2. What are your Strengths and Weaknesses ?
      • This is again a very commonly asked question. The Interviewer here wants to analyze how much you know of yourself.
      • How to Answer -
        • You should mention your strengths that are beneficial for them. For example, It should not be like "I am a very good cricket Player", Rather you should focus on strengths that are related to that job. For example, "I have good communication skills" Or "I Like Interacting with peopleOr "I am good at a analyzing Problems and working in a team to find out appropriate solutions".
          Weaknesses :- You should not say that you do not have any Weakness. It shows that either you are Overconfident or have not assessed yourself and don't want to talk about it.
          Similarly do not say phrases like "I am short tempered" Or "I get angry very soon and can do anything in anger". Rather you should genuinely mention the areas that are related to your professional life and you are trying to get better at them. For exampl, "I Would want to get better at managing time and increasing my productivity"
    3. Where do you see yourself after five years from now?
      • Here The interviewer wants to know your knowledge about career path in the job and what is your level of commitment to the job they are offering.
      • How to Answer
        • Answe it realistically and do not say - "I will be in your seat after five years". Rather you should answer in such a way that ensures that you are interested in making a long-term commitment towards the bank job and will have a long term and mutually beneficial association with them.
        • For example "I am interested in making a long-term commitment to my next position of Officers Of Higher level. I realize my skills will really help me serve the bank and attract more customers and business. I will do my job to the best of my abilities. I am confident that here i will have opportunities to advance my skills and provide best of my services to the organization.
    4. If you are working, why you want to leave your current job ?
      • Remember not to criticize your Current Job or company here.
      • How to Answer -
        • I am really excited and attracted by the social and financial security in the banking sector and moreover, the high recent growth opportunities in banking really motivated me to opt for it as my career.
    5. If you have done B.Tech. or any other technical course then this question will surely be asked to you - Why a low paying Bank Clerk Job after B.Tech. when you can get more salaries in Private sector working as an engineer ?
      • How to Answer
        • Here The interviewer wants to know your level of willingness of working in a bank.
        • Never straight away say that "I did not get a job in Private sector" or "There is lot of stress in Private jobs and government jobs are less intense and more flexible."
        • Do not answer in such a way so that the interviewer would feel that you want to avoid work and so want to quit private and join government sector.
        • Rather you should answer It realistically to show your genuine desire of working in a bank. You may say you are here due to high degree of attraction in the banking sector due to recent Positive economical changes and India's emergence as economical power.
        • Remember, You should manipulate your answer to prove that your engineering degree would be beneficial for you in interacting with people and creating more business relationships for Banks.
    6. What is your father's Job Background ?
      • Here the Interviewer wants to know how stable has your father's career has been so far.
      • How to Answer -
        • Its Tricky question. Here you must indicate the Positives of your father's career and avoid mentioning the downs if any were there as it might reflect in your career and perception also towards your work. Make sure to mention clearly his job background and smoothness and stability that has been there throughout your father's career.
    7. If you get a better job in Public Sector (IAS/PCS Etc.), will you leave us ?
      • How to Answer
        • I really want to join bank and if i get selected, my all energy will be directed to my growth as a banker and serve to best of my ablities. Switching to a job of same level in another industry like SSC after getting good experience in banking does not make sense to me.
        • Still, everyone likes to be in a better position so if i get an opportunity in much higher scales like IAS, PCS then i will leave bank, otherwise i shall continue as a dedicated banker all my life.
    8. Why should we Hire you as a Banker ?
      • How to Answer
        • Interviewer wants to know your suitability for the job so in this question you should tell about your Strengths and achievements so far. You should mention your strengths so that they would come to know your fitness for the job. Do not say something which is not true about you. Remember that the Interviewers are very Experienced and they will realize if you are saying truth or just trying to Outsmart them. Avoid using phrases like "This is the Best Company" or "I want to work in this field."
        • Instead, try to mention good things about you that are related to that job and this will surely prove your usefulness.
    9. Answering the Puzzles type Questions!
      • Although not so common, Puzzles type questions may be asked to anyone in any Interview. Here the interviewer doesn't really want to hear exact answer from you rather they want to see if you are able to analyze the correct problem or are you just trying to hurry up without taking the time to analyze and putting some effort. They just want to see your practical approach that will be useful during you job period.
      • So If asked any puzzle type question, you should not Hurry up in telling the answer even if you know it. Even if you do not know the answer (and even can not find the answer), do not hurry up in saying NO. Rather you should draw the picture of problem on a paper(even if you know the answer) and take some time to analyze it (ask them if you do not understand it correctly). It will make them feel that you believe in analyzing the client requirement before reaching to any conclusion, which is a must.
        So you should answer these questions by taking time, drawing it and asking them for clarifications. This will surely fill the interviewer's purpose.
    So by far we have covered almost all of the general questions that are asked to almost all of the candidates in Banking Interviews. Make sure that you make them feel that you want to join bank as it your inner desire, not due to the fact that you just want to escape pressure and stress of Private sector.
    Now, as it is a banking Job Interview, you must be prepared to face up with some 5-10 questions related to banking and current affairs.
    70% of your Interviewed is decided on the basis of the general mentioned questions and 30% is your technical knowledge of banking and current affairs.
    For current affairs, stay updated to all of recent important Appointments and Summits (Our current affairs section will help you surely).
    A few banking related questions that are most widely asked are -
    • What are NPA (Non-Performing Assets), how can u use technical knowledge in correcting the balance sheet?
    • How Can NPA be reduced ?
    • What are FDI (Foreign direct investment) and FII (Foreign institutional investors) and what is the difference in these.
    • For unemployed people, which plans are addopted by government ?
    • RBI Governors, Deputy Governors and Current Chiefs of all Indian Important Financial Agencies.
    • Headquarters of Indian Government Banks.
    • Financial Inclusion and government steps for it - Jan Dhan Yojana Etc.
    • What steps the Recent PM Narendra Modi Government for better ment of Indian Economy.
    • How to Fight Inflation and Current Indian Scenario about Inflation.
    • RBI Key Monetary Policy Rates and their Current Value.
    • Difference between Bill of Exchanges and Certificate of Deposit, Cheques, Demand Drafts and other Money Market Instruments.
    • Electronic Clearing of Cheques.
    • Types of Bank accounts and Interest rates offered under each.
    • What was the Headline in Today's Newspaper?(Main Page and Financial Page Both).
    • What are functions of Banks and How does banking effect the economy of the country?
    • Difference between Fiscal and Monetary Policy ?
    • Number of Districts in Your and Nearby States ? Governor, Chief Minsiter and Other Ministers of Your State (Like Education, Tourism Ministers )?
    • Latest Noble Prize Winners, Padam Awards Winners, Miss India, Miss World Miss Universe Etc.
    • How is Future growth of commercial banks in India and any hurdles to it ?
    • Banks VS NBFCs (Non Banking Finance Companies) ?
    • Questions About current five year plan and Newly formed NITI Aayog.
    • Direct and Indirect Taxes In India.
    • Important People of India - Chief of Planning Commission and Election Commission Etc. CM and Governors of All States.
    • RBI's Role in Economy.
    • Important Banking Terms -
      • GAAR (General Anti - Avoidance Rule) and GST (Goods and Service Tax)
      • CAR (Capital Adequacy Ratio)
      • Balance Sheet and NPA ?
      • BASEL Norms (Basel 1,2,3)
      • Banking Regulation Act, Money Laundering, Financial Inclusion
      • SARFAESI ACT (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act)
      • Roles of RBI, NABARD, SEBI, IRDA.
      • Bank Account Types and Rate of Interests on Them
      • CTS (Cheque Truncation System )
      • What is INFLATION ? It is good or Bad ?and how can it be controlled ?
      • What is FDI ?Is it Good or Bad ? Limit of FDI in various Sectors in India ?How is it Different From FII ?
      • What is Stock Exchange ? How many are there in India ? Number of Shares on NSE and BSE ?
    Remember that although you know these terms and current affairs related to banking and common issues, yet these questions do not play a big role in determining your selection or rejection. Even if you do not know an answer, genuinely say "NO Idea Sir!" rather than wasting time and trying to fool them with random answers, It's just not worth it!
    Although you should not memorize any of above sample texts and should say it in your words to convey the idea which is to prove your usefulness!!.This will surely make them believe that you are a fit for this job!!
    Although we've presented comprehensive list of commonly asked questions but still the list is endless and you may be asked anything other than these. To succeed, you should keep in mind that you have to sell you professional side, show them that you are useful and you will surely be Hired!!




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