Saturday 16 June 2012

NSE launches financial literacy initiative 'Jagruti' in Patiala, in partnership with India Post

NSE launches financial literacy initiative 'Jagruti' in Patiala, in partnership with India Post


National Stock Exchange of India Limited                              (Wednesday June 13, 2012) 
June 13, 2012  :The city of Patiala in Punjab is as famous for its jutti or foot wear and the Patiala turban, as it is for its growth into a major industrial centre. To help the enterprising people of Patiala to grow their businesses and investments, the National Stock Exchange (NSE) has started a financial literacy initiative, in partnership with the head post office of Patiala. The alliance is part of a larger partnership with India Post of the Government of India, to take the equity cult to the small towns and cities of India.  
As a part of the agreement, NSE is putting up large sized screens at more than 50 post offices in the country, including the one at Patiala. The screens will carry messages from both NSE and India Post, to increase awareness in people on  safe investing and investor friendly products, to empower them financially. 
The screen at the Patiala head post office, on the bustling Mall Road was inaugurated by senior officials from NSE and India post, on the 13th of June. The partnership with India Post was kick started from Rohtak recently.  
Joint Managing Director of NSE, Ms. Chitra Ramkrishna said, “We have constantly been trying to reach out to the tier two and tier three cities, to bring more people into the formal financial system. Patiala is an important industrial hub and is home to many reputed  educational institutions.  We hope this financial literacy initiative will help people to realize their dreams’’.    
The screen will carry information on the prices of Nifty stocks and different NSE indices. It will also convey information on products like Gold exchange traded funds, a cost effective and transparent option to buy gold and Nifty exchange traded funds, apart from giving advice on the do’s and don’ts of trading.  
It will also carry information on  products of India Post, like Online money transfers, Electronic money orders, Speed post, Savings certificates, Postal life insurance and Logistics solutions for Corporates. 
This initiative is being jointly implemented by NSE and India Post in a large number of small towns and cities across the length and breadth of India. They include Midnapore, Bhagalpur, Pushkar, Ajmer, Hardwar, Muzzafarnagar, Bilaspur, Vidisha and Bharuch.  
The alliance with India Post comes after a series of steps by NSE to increase financial literacy. NSE has a tie up with 95 colleges in different parts of the country, to conduct short duration courses on the capital markets.  
More than two lakh school students have learnt the basics of money management and financial markets, through courses run by NSE. 
NSE also has a tie up with three prominent universities for MBA and BBA  (Bachelors in Business Administration) courses, in financial markets. These include the Punjabi university in Patiala, Guru Gobind Singh Indraprastha University at Delhi and the Maharshi Dayanand University in Rohtak. The first batch of students started the MBA and BBA courses at the Punjabi university in July 2011.
Source  http://www.nseindia.com/

GPF - FAQ

GPF - FAQ

1.      How many times in a year advance from GPF can be availed?

Ø  Even though the orders specify that at least four months’ time gap is required in between two advances and six months time gap for withdrawals, the sanctioning authority may relax this rules. In many circles, the officials are drawing GPF advance as second salary in every month.


2.      What is the qualifying service required for an employee for apply withdrawal from GPF? Is there any further relaxation available?

Ø  As per Rule 15(i) (A) of the GPF Rules, one should have completed 15 years of service or be should have less than 10 years for his superannuation for making withdrawal from the GPF.

However as per Rules 15(i) (B), the condition need not be applied in case of purchase of ready built house/flat, purchase of site, Construction of house, repairs, reconstruction or repayment of loan taken for the said purposes.

3.      Whether the GPF advance already taken may be converted as part final withdrawal?

Ø  Yes. GPF advance already availed may be converted in to part final withdrawal, subject to requisite conditions and approval of the competent authority.

4.      Whether the GPF accumulations may be brought under salary attachment?

Ø  No. As per section 60(i) of CPC 1908, deposits made in GPF cannot be attached under a decree or order of a court of law.

5.      Who are the persons the employee may nominate for G.P.F payment in the event of his death? Whether it is compulsory to nominate the spouse?

Ø  When the Government servant is having family, the nomination should be only in favour of family members. According to GPF (CS) Rules, any member of the family can be nominated. The subscriber is at liberty even to exclude his wife in the nomination. Family includes spouse, parents, children, minor brothers, unmarried sisters, deceased sons, widow, and children etc. If nomination is made in favour of more than one person, the proportionate share in which the amount will be payable should be specified clearly in the relevant column. At any time, the nomination may be cancelled by the Government servant. Similarly, the Government servant can nominate any one for Group Insurance Scheme also.
                             
Courtesy : http://aipeup3tn.blogspot.in/     

LGO Exam - paper I - Solved Question Paper ( Q 1 - 30 )


Q1  The Income of Ram is 20 % less than shyam . then shyam’s  income is greater than Ram’s by

a. 20 %  b. 25 %   c. 30 %  d. 15 %

Ans  25 %
Q  The average  marks obtained by  20 students  is 45 . The average  of first ten  is 50 and last nine is 40
What are the marks obtained by  the 10th student

Ans   40

Q3  The compound interest  on Rs  4000/- at the rate of  10 % for   two years  is

Answer   840
Q4  which of the following fraction is smallest
4/5  5/6  6/7  7/8

Answer  4/5
Hint : converting the fractions to decimals by dividing the numerator by the denominator
Q5  Which of the following fraction is largest ?
8/13  7/12  6/11 5/10

Answer  8/13
Hint : converting the fractions to decimals by dividing the numerator by the denominator
Q6  If one half of number is 8  more than 1/3 of that number   the number is
36  48  50 60

Answer  48   
Q7  What is the least number  that must  be subtracted  from 380 to make perfect square
56,  39, 19, 0

Answer  19
Q8  If a piece of work  could be completed  in 24 days by 98 men  how many men  would it take to complete it in 21 days

122, 112 132 , 102

Answer  112
Q9  The batting average of  40 innings of a cricket player is 50 runs . His highest score exceeds his lowest score  172 runs . If two innings excluded, the average of remaining 38 innings is 48. His highest score was

176,174,180, 187

Answer 174
Q10  The average age of  adult class is 40 years . If 12 new students  with an average age of 32 years  join the class , thereby  decreasing the average  of the class  by 4 years  , then original strength of  class  was
10,11,12,13

Answer  12
Q11  6.5 /.0005 is equal to

1300, .0013, 130, 13000

Answer  : 13000
Q12  Value of 247*2  * 147 *2  is equal to
39400,3940, 30940, 34900

Answer (61009-21609) = 39400

Q13 Put one digit in the blank space  of the number 34-7  so that is completely divided by  9
2,  0, 4, 3

  Answer   4
Q14   The value of  253
14625, 15625 , 16625, None of these

Answer  15625
Q15  The product of two numbers  1923 and 172  is 330756 . Then the product of 19.23 is 0.172 is
3.30756,  33.0756 , 330.756, 3307.56

Answer  3.30756
Q16  Of the three numbers  first is twice  the second   is twice  the third . The average of three numbers  is 21 . Find the largest  numbers  of the three

36,38,47,48

Answer  36
Q17   Two numbers are respectively 20 % and 50 %   more than a third number . The percentage that is first  of the second is
20 % ,  50 %  70 %  80%

Answer  
Q18  What value  come  in place of  the X
√49*√64*√81= x

804, 409, 304,504

Answer  (7*8*9)= 504
Q19   Rs  700  into  three parts  proportional to  the fraction ½, 1/5 , 3/10   then the second part is 
360,240,140,365

Answer  140
Q20   if  an 8 men can do  a work  in  15 days  , in how many days can the same work be done by  4 men
30 days  , 45 days  ,  25 days ,  35 days

Answer  30 Days
Q21  If  200 Rupees  doubles  in  10 years   at a simple rate of interest . What is the rate of interest ?

5 % , 10 % 8 %  None of these

Answer  10  %
Q22  140 %  of  125 *3/5 of 85  =

276, 136, 126.226

Answer  226
Q23  If 18  is 15 %  of 30  %  of certain number  then what is the  number
250, 450.300,400

Answer  400
Q24  The average of three numbers is 77 . The first number  is twice the second  and the second number twice of third . Find the first

131,130 129, None of these

Answer  None of these
Q25  (3)4 +(2)4 +2 *0.25 is equal to
97.5, 48.5, 54.5, None of these

Answer  
Q26 Choose the correctly spelt the word
A. Attention  b. Attantion   c. Attension  D. Attenson

Answer  A. Attention
Q27 A . Bureaucracy  b. Bueraucracy  C. Bureaucracy  D. Bureuacracy

Answer C  : Bureaucracy
Q28 to 30    Choose  the wrong  spelt word

28. A. people  B. Servent  C. Pupil  d. Thief

Answer  B:  Servent
29  A. Queen   B. Quotation C. Quinine D. Quitiant

Answer D: Quitiant
30 . A. Implement  B. Akward C. Immolate D . Average

Answer  B:  Akward

Presidents and Vice Presidents of India- Study material for IPO Examination

PRESIDENTS 
1950-1962
Rajendra Prasad
1962–1967
Dr.S.Radhakrishnan
1967–1969
Zakir Hussain
1969–1974
V.V.Giri
1974–1977
Fakhruddin Ali Ahmed
1977–1982
N.Sanjiva Reddy
1982–1987
Gyani Zail Singh
1987–1992
R.Venkataraman
1992–1997
Dr.Shankar Dayal Sharma
1997–2002
K.R.Narayanan
2002–2007
Dr.A.P.J.Abdul Kalam
2007, July 25th
(Now)
Pratibha Patil


VICE PRESIDENTS 
1952-1962
S.Radhakrishnan
1962–1967
Zakir Hussain
1967–1969
V.V.Giri
1969–1974
G.S.Pathak
1974–1979
B.D.Jatti
1979–1984
Md. Hidayatullah
1984–1987
R.Venkataraman
1987–1992
Dr.S.D. Sharma
1992–1997
K.R.Narayanan
1997–2002
Krishan Kanth
2002–2007
Bhairon Singh Shekawat
2007, August 10th
(Now)
Mohammad Hamid Anzari
 VIA-SAPOST