Thursday, 26 November 2015

From our forth comimg book on GA

Extract from our forthcoming book on General Awareness:
·      The national flag is a horizontal tri-color of deep saffron at the top, white (peace and truth) in the middle and dark green (faith and chivalry) at the bottom in equal proportion.
·         The words “Satymeva Jayate” is from the Mundaka Upanishad meaning Truth alone triumphs, inscribed below the abacus of the emblem in Devanagari script is also referred to as the national motto.
·         The ratio of the width of the flag to its length is 2:3.
·         In the centre of the white band is a wheel; in navy blue .Its design is that of the wheel (chakra) which appears on the abacus of the sarnath lion capital of Asoka.
·         Its diameter approximates the width of the white band; it has 24 spokes.
·         The design of the national flag was adopted by the Constituent Assembly of India on 22nd July 1947.
·         The song “Vande Mataram” composed by Bankimchandra Chatterjee has an equal status with Jana-gana-mama. The first political occation when it was sung was the 1896 session of the INC (Indian National Congress).
·         The national Government adopted the recommendation of the calendar reform committee that the Saka Era be adopted as the basis of the National Calendar.  The days of the saka Calendar have a permanent correspondence with the days of the Gregorian Calender.
·         Chaitra 1 falling on March 22 in a normal year and on March 21 in a leap year.
·         The National Calendar commenced on chaitra 1 saka, 1879 corresponding to March22, 1957 A.D.
·         The Ganga or Ganges is the longest river of India flowing over 2,510 kms of mountains, valleys and plains. It originates in the snowfields of the Gangothri Glacier in the Himalayas as the Bhagirathi River. It is later joined by other rivers such as the Alakananda, Yamuna, ASon, Gumti, Koshi and Ghagra.
·         Indian fig tree, Ficus bengalensis, whose branches root themselves like new trees over a large tree .The roots when gives rise to more trunks and branches.
·         India has only one standard time .India is 5.5 hours ahead of GMT/UTC, 4.5 Hours behind Australian Eastern Standard Time and 10.5 hours adhered of Americal Eastern Standard Time.

Monday, 19 October 2015







GA- AUGUST 2015 :PM's Foreign Visits

  • The Prime Minister visited  Bhutan at the initiation of Shri Jigme Kosher Namgyel Wangchuck, The king of Bhutan.
  • In July 2014 ,Shri Narendra Modi visited Brazil for his first multilateral visit, the 6th BRICS summit was held at the North-eastern beach city of Fortaleza. In the Fortaleza summit the group have agreed to establish a   financial institution rivaling the western dominated world bank and IMF .
  • SRI, MODI Visited Japan from 30 August to 03 September 2014.During the visit ,Prime Minister had an audience with the emperor of Japan and held an annual summit meeting with PM Shri  Shinzo Abe.
  • A vision statement for the U.S-India strategic partnership –‘Chalein saath saath :Forward  Together We go” was arrived at.
  • Visit to Myanmar –attend the 12th India –ASEAN Summit .he also spoke at the 9th East Asia  Summit .The chairman made a statement at the end of 12th ASEAN India summit in pay Taw ,Myanmar.
  • Visit to Australia-He addressed  a joint session of Australian parliament and meet with his Australian counterpart Shri Tony Abbott.
  • Visit to Fiji-He meet with the PM of Fiji Shri Voreque (Frank) Bainimarama.
  • Visit to Nepal –He made a second visit to Nepal as the PM to attend the 18th SAARC summit .The Kathmandu Declaration was made at the end of the 18th SAARC summit.
  • Visit to Seychelles –He visit to Seychelles was the first Prime Ministerial  visit to Seychelles since 1981.
  • Visit to Mauritius-The PM visited after Seychelles .He addressed the national Assembly of Mauritius .He also commissioned offshore Patrol Vessel (OPV) Barracuda in Mauritius.

Saturday, 12 September 2015

Social security initiatives of GOI

Atal Pension Yojana is a government-backed pension scheme in India targeted at the unorganised sector. In Atal Pension Yojana, for every contribution made to the pension fund, the government will contribute an equal amount to his/her fund. Depending on the contribution made between 18 and 40, at the age of 60 a sum of 1,000, 2,000, 3,000, 4,000, or 5,000 will be paid monthly.

This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme and the contributions will be deducted automatically. Most of
these accounts had zero balance initially. The government aims to reduce the number of such zero balance accounts by using this and related schemes.

Pradhan Mantri Suraksha Bima Yojana is a government-backed accident
insurance scheme in India. As of May 2015, only 20% of India's population has any kind
of insurance, this scheme aims to increase the number.

Pradhan Mantri Suraksha Bima Yojana is available to people between 18 and 70 years of age with bank accounts. It has an annual premium of 12 excluding service tax, In case of accidental death or full disability, the payment to the nominee will be 200,000 and in case of partial disability Rs.100,000. Full disability has been defined as loss of use in both eyes, hands or feet. Partial disability has been defined as loss of use in one eye, hand or foot.
This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme.

Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life
insurance scheme in India.

Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. It has an annual premium of Rs. 330 excluding service tax, which is above 14% of the premium. In case of death due to any cause, the
payment to the nominee will be Rs. 200,000/-

This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme.

National Pension System (NPS) is a defined-contribution pension system operated by the Government of India. In 2004, the Government of India decided to move from adefined-benefit pension system to a defined-contribution pension system. Apart from
offering a range of investment options to employees, the scheme allows individuals to
make decisions about where their pension fund is invested, permits limited withdrawal
prior to retirement and reduces the total pension liabilities of the Government of India.
The scheme is structured in two tiers. A tier-1 account is a basic retirement pension
account available to all citizens from 1 May 2009. It does not permit withdrawal of funds
before retirement. A tier-2 account is a Prospective payment system (PPS) account that
permits some withdrawal of pension prior to retirement under exceptional
circumstances, usually related to the provision of health care. 

The pension scheme isadministered on behalf of the government by the Pension Fund Regulatory andDevelopment Authority (PFRDA).

Insurance in India
Life Insurance Corporation (India) (LIC) is headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of Rs.1560482 crore (US$240 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.

The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

Founding organisations

The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Calcutta in 1818 by Bipin Behari Dasgupta and others. Its primary target market was the Europeans based in India, and it charged Indians heftier premiums. Surendranath Tagore (son of Satyendranath Tagore) had founded Hindusthan Insurance Society, which later became Life Insurance Corporation.

The Bombay Mutual Life Assurance Society, formed in 1870, was the first native
insurance provide


Today, the LIC has 8 zonal offices, around 109 divisional offices, 2,048 branches and 992 satellite offices and corporate offices; it also has 54 customer zones and 25 metro- area service hubs located in different cities and towns of India. It also has a network of 1,337,064 individual agents, 242 Corporate Agents, 89 Referral Agents, 98 Brokers and 42 Banks for soliciting life insurance business from the public.
LIC's slogan yogakshemam vahamyaha is inSanskrit language which translates 
English as "Your welfare is our responsibility". This is derived from ancient Hindu text, the Bhagavad Gita's 9th chapter, 22nd verse. The slogan can be seen in the logo, written in Devanagariscript.

Saturday, 25 July 2015


Saturday, 27 June 2015

General/Financial Awareness notes = EXCLUSIVELY FOR SBI PO= will be sent to emails registered through (through enquiry link)

Sunday, 14 June 2015

Career Guidance Seminar for +2 Toppers

Sri. Roy John, Director, AICE, speaking at a Career Guidance Seminar for Toppers of  +2 and 10th classes at Malappuram.

Tuesday, 12 May 2015




In 2000, the Vajpayee Govt. started discussion on GST (Goods and Service Tax) by setting up an empowered committee. The committee was headed by Asim Dasgupta (Finance Minister, West Bengal. It was given the task of designing the GST model and overseeing the IT back-end preparedness for its rollout. 

Present system

India currently has a dual system of taxation of goods and services, which is quite different from dual GST. Taxes on goods are described as “VAT” at both Central and State level. It has adopted value added tax principle with input tax credit mechanism for taxation of goods and services, respectively, with limited cross-levy set-off. The present tax system has four major constituents:

1.Excise duty
2.Service Tax
3.Sales Tax/VAT
4.Customs duty

What GST is about?

the GST is a value added tax to be levied on both goods and services (except for a list of exempted goods and services), at both the centre and state level (Central GST and State GST respectively). This is a single tax which will be levied on the product or service which is sold. In other words, multiple taxes like CENVAT, central sales tax, state sales tax, octroi, etc will not exist and will be replaced by GST. This comprehensive tax covers all stages from manufacture to sale. The tax will be levied only on the value added at each stage of the life cycle.The tax-rate under the proposed GST would come down, but the number of assesses would increase by 5-6 times. Although rates would come down, tax collection would go up due to increased buoyancy. The government is working on a special IT platform for smooth implementation of the proposed Goods and Services Tax (GST).

The Lok Sabha has passed the GST Bill, whereas the Rajya Sabha referred the GST Bill to a Select Committee and has asked that the committee headed by BJP MP Bhupendra Yadav to submit its report on the last day of the first week of the Monsoon Session.
(2015-Compiled from different publications and broadcasts, for information of readers)

Wednesday, 29 April 2015

SBI PO Exam Analysis

AICE - Bank Coaching, Edappally, Ernakuam

How SBI PO-2015 may appear!
(based on previous paper pattern)

In 2015, SBI has reintroduced the preliminary exam, as a tool of elimination.  This will ensure that only serious students will appear for the Main exam.  The preliminary exam is only for one hour and expected to be at lower level of difficulty.  Please refer to our ‘update & links’  link for the time, marks and so on.etc. However, the overall pattern of SBI PO 2015 is expected to be in the following lines.

English Language
Usual standards is expected in questions, and difficulty level may not be higher, but in line with IBPS examinations, easy for the serious student to answer, without much difficulty. We do not expect any surprises in English section.

During 2014, non verbal questions were absent, which may continue this time also.  However, we may expect surprises. Questions on Sitting arrangement and puzzles will be of time consuming nature.

Data Interpretation
Questions on pie chart, graph, table etc. may form part of the the paper.  The calculations will be lengthy and time consuming, and hence constant practice is needed to tackle the questions. In 2014, questions on probability were absent, but we cannot rule out questions on the topic this year.

General Awareness
Banking and Economy may dominate this section. However, questions on International affairs,  Indian Economy, currency and awards are also expected. 

Computer Knowledge 
Questions are expected from MS Office, Application Software, Hardware, Software, and Input-Output Units and of medium level of difficulty.

Marketing Awareness
This section can be easy and you may solve every question with common sense and a little knowledge on Marketing Basics.

Descriptive Section:
SBI is giving lot of importance to English section. Time may not be a constraint for this section.  The candidates have to practice good grammar and good handwriting.

Letter writing
Some common topics: Write a complaint letter to Police, Letter to Bank Manager about deficiency of service, write to a customer about particular product of a Bank..

 PrĂ©cis Writing -
Questions based on economy, inflation, games, social relevant subjects etc. will form part of the topics. 

Reading Comprehension -
It will be a long essay, which the candidate has to go through thoroughly, to enable him to write the answers.  Usually, it will be advantageous, to the candidate, if he is aware of the current national tax laws, economic policies etc.

(Disclaimer: This is for information purpose only, and we will not be responsible for any decision taken out of the information provided. The readers may refer to original documents of the publishers/ departments before acting)