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Monday, 26 October 2015
Understand Calender with its easy to apply shortcuts
When problems based on Days, Dates, Weeks, Months and years comes in competitive exams, we usually feel very confident while attempting, however, these tricky questions, which we think are the easiest of all can even drop your rank. Let’s understand Calender and its helpful shortcuts to get a stronghold on the concept.
NORMAL YEAR LEAP YEAR MONTH WEEK 365 Days 366 Days (29 Days in Febraury)30 or 31 Days7 Days 365/7 Days= 52 weeks + 1 Day (Extra) 366/7 Days=52 weeks +2 Days (Extra)1 to 28 Days= 4 weeks (29, 30, 31 Extra Days)Monday, Tuesday,Wednesday, Thursday,Friday, Saturday, SundayMonth & Week
***Note Down Days from Monday to Sunday only come once in a week.***Problem1: If First day of the month is Sunday, then what will be on the 29th Day of the same month?Solution: If First Day is Sunday, then on the 7th day, there will be Saturday without repeating Sunday again. (1st to 7th)
Next week starts on the 8th with Sunday and ends with Saturday again on 14th (8th to 14th)
Third Week starts on the 15th with Sunday and ends with Saturday on 21st (15th to 21st)
Fourth Week starts on the 22nd with Sunday and ends with Saturday on 28th (22nd to 28th)
Now 29th will be Sunday implies after completing week, first day of month repeats itself.
Another way: Add 7 to First day of month and calculate If 1st day is Sunday, then 1+7=8th is a Sunday8+7=15th is a Sunday15+7=22nd is a Sunday22+7=29th is also a Sunday.Years
Problem2: If Ist January is Friday then what will be 31st December of the same year?Solution:We know in normal year there are 365 days, giving 52 weeks + 1 Day (extra) by dividing with 7 Days 365/7= 52 weeks + 1 Day (extra)If 1st Jan = Friday, then After completing 52 weeks, One day (extra) left, which is 31st December. Hence 31st December will be Friday.
Problem3: If Ist January is Monday then what will be 31st December of the leap year?Solution:We know in leap year, there are 365 days, giving 52 weeks + 2 Days (extra) by dividing with 7 Days365/7= 52 weeks + 2 Days (extra)If 1st Jan = Monday, then, After completing 52 weeks, Next Day i.e 30th Dec will be Monday and 31st Dec will be Tuesday Hence 31st December will be Tuesday.
***Important Tips***Condition1: Same Date, Next Year in normal year = One Day will be added
Condition2: Same Date, Next Year in Leap year = Two Days will be added

Normal Year
Problem4: If 1st January 1973 is Sunday then what will be 1st January 1974?Solution: 1973 and 1974 both are normal years, so following condition 1Same Date, Next Year in normal year = One Day will be added There will be a Monday On 1st January 1974.Problem5: If 15th March 1981 is Friday then what will be 15th March 1982?Solution: 1981 and 1982 both are normal years, so following condition 1Same Date, Next Year in normal year = One Day will be added There will be a Saturday On 15th March 1982.Leap Years
Higher Level of Difficulty in LCM and HCF
In our last post Shortcuts to find HCF and LCM we learn how to solve simple HCF and LCM in less time, however, it was just an initial step. In exams, you may or may not ask easy problems on the concepts. High level of Difficulty always persists in Fraction and Remainder topic, need full proficiency and of course focus on the level of speed.HCF and LCM of decimal fractions:
Problem 1: Find HCF and LCM of 0.63, 1.05 and 2.1Solution:Step1: Make the same number of decimals like 0.63 , 1.05 and 2.10Step2: Now find the HCF of 63 , 105 and 210 leaving decimals. HCF comes out 21.Step3: So, HCF of 0.63, 1.05 and 2.10 is 0.21Step4: Find the LCM of 63 ,105 and 210 leaving decimals again. LCM comes out 630Step5: So, the LCM of of 0.63, 1.05 and 2.10 is 6.30Comparison of Fractions:
When Fractions are to be compared finding greater, lesser, equal or not equal. Method to follow:First, find the LCM of the denominator.
Multiply the numerator and denominator of the numbers with the same number to make the denominator equal to LCM.
The resulting fraction with the greatest numerator is the greatest.
Problem 1: Arrange the fractions 17/18, 31/36, 43/45, 59/60 in ascending order.Solution: Step1: Find the LCM of the denominator. LCM of 18,36,45,60=180Step2: Now Multiply the numerator and denominator of the numbers with the same number to make the denominator equal to LCM.17/18= (17×10) / (10×18) =170/18031/36= (31×5) / (36×5) = 155/18043/45= (43×4) / (45×4) = 172/18059/60 = (59×3) / (60×3) = 177/180Step3: Denominators are same, so arrange numerators in the sequence asked.Step4: 155 < 170 < 172 <177 155=”” 170=”” 172=”” 177=”” br=”” so=””>Step5: Hence 31/36 < 17/18 < 43/45 < 59/60 in ascending orderRemainder based problems:
Problem1: The largest number which divides 25,73 and 97 to leave the same remainder in each case.Solution:Step1: Subtract lower number from higher as it gives no harm to HCF HCF of x, y is G then HCF of x, x-y or x+y, x-y is also G Step2: It becomes 73-25 =48, 97-73=24, 97-25=72Step3: Largest number is given in question so we find the HCF of 48,24,72. Step4: HCF=24 is the largest number that divides all numbers to leave the same remainderProblem2: What is the least number which divided by 8,9,12 and 15 leaves the same remainder 1 in each case.Solution:Step1: Least number is given means to find LCM Step2: LCM of 8,9,12 and 15 = 360 Step3: 360+1=361 is the least number which, when divided by 8, 9, 12 and 15 leaves the remainder 1 in each case.Problem3: The smallest number which, when increased by 5 is divided by 24, 32, 36, 54 isSolution:Step1: Least number is given means to find LCM Step2: LCM of 24, 32, 36, 54 = 867Step3: In problem, the least number 867 is increased by 5. To get the actual number, subtract 5 from the number867-5=859 Step4: 859 is the smallest number which, when increased by 5 is divided by 24, 32, 36, 54Problem4: The smallest number which, when diminished by 3 is divided by 21, 28, 36, 45 isSolution:Step1: Least number is given means to find LCM Step2: LCM of 21, 28, 36, 45 = 1260Step3: In problem, the least number 1260 is diminished by 3. To get the actual number add 3 to the number 1260 + 3=1263 Step4: 1263 is the smallest number which, when diminished by 3 is divided by 21, 28, 36, 45 Problem5: The smallest number which, when divided by 18, 27 and 36 leaves the remainder 5, 14, 23 isSolution:Step1: Subtract remainders from 18,27 and 36 to get the common remainder18-5=13, 27-14=13, 36-23=13 Step2: Least number asked means to find LCMStep3: LCM of 18,27,36 =108Step4: Subtract the common remainder from 108 -13 = 95 Step5: 95 is the smallest number which, when divided by 18, 27 and 36 leaves the remainder 5, 14, 23 >>CLICK HERE TO DOWNLOAD PDF FILE..Related Posts: Shortcut to find LCM and HCF, Ease up your Multiplication work, Learn 4 simple methods of Squaring,Let’s beat the cube root at its best,Solving Square Root is a child’s play nowPosted byShikha Nandaat00:33Email ThisBlogThis!Share to TwitterShare to FacebookShare to PinterestLabels:Quantitative AptitudeLocation:Punjab, IndiaThursday, 22 October 2015
Google Android Recent Update will Astonish you
Posted byShikha Nandaat02:15Email ThisBlogThis!Share to TwitterShare to FacebookShare to PinterestLabels:Current AffairsMonday, 12 October 2015
Business Banking is also known by the term ‘Commercial banking’ comes into centers when the banks or the division of a bank starts dealing with businesses. In past time, Investment banks and commercial banks were divided in their set of entities, however ‘Glass-Steagall Act’ is also familiar as the “Banking Act of 1933″ has opened all the barriers letting investment banks to engage in commercial banking.
Wholesale Banking
Universal Banking
Virtual Banking
Retail Banking:
When ‘Retail Banking’ comes into the foreground, we often relate it with retail trade. Though to some extent both terms are very close however, the difference lies in transaction executes within banks and consumers with no participation of banks or corporations.Retail Banking stands on three vital pillars making its strongest ever to meet its successive goals in the present market. These are
Multiple Products: Multiple Products implies various financial products like savings, transaction, personal loans, credit card, debit card, mortgage, deposits etc.
Multiple Delivery Channels: Various Channels available to deal with customers like customer service center, internet kiosks etc.
Multiple Customer segments: Customer segment incorporates Small businessman and corporate.

List of Products offers in Retail Banking: Deposit Products like Flexi products which is the fusion of two term demand deposit and a fixed deposit. In this, the depositor is free to get facilities of both the liquidity of savings and current accounts with the high returns of fixed deposits.
Loan Products available like Education Loan, Personal Loan, Housing Loan, Commercial Loans, Gold Loan, Mortgage etc.
Card Products such as Credit Card, Debit card etc.
Travelers Products like Traveler’s cheques etc.

The reason why Banks attract towards Retail Banking includes the lower transaction costs, more productivity, sale and more convenience in the business. For already established banks, it’s a handy to maintain, but for new fishes, it’s a hard nut to crack as establishing ‘Retail banking’ needs vast network.
Wholesale Banking:
Wholesale Banking usually includes high scale corporate, industrialists and business man. Multinational companies and business houses are main participants of this kind of banking. This Banking is also famous with the name Corporate/Commercial Banking. Products available in Wholesale Banking:
Fund-Based Services
Term Lending
Short-term Finance
Working Capital Finance
Bill Discounting
Structured Finance
Export Credit
Non-Fund Based Services
Bank Guarantees
Letter of Credit
Collection of Bills and Discounts
Cash Management Services
Channel Financing
Vendor Financing
Real time Gross Settlement
Corporate Salary Accounts
Syndicate Services
Forex Desk
Money Market Desk
Derivatives Desk
Employee Trunks
Tax Collection
Bankers to Right/Public issue
Internet Banking Services
Payment Gateway services
Corporate Internet Banking
Supply Chain Management
Supply Chain Partners
Depository Receipt
Participatory Notes
Narrow Banking:
In narrow banking, Narrow Banks who have a weak capital base works well to restrict raising of deposits from customers and invest it in safe security bonds and commercial papers etc. Properties of Narrow banking include deposits without any lending rate,high rated asset security, Enormously high liquidity, Less interest rates for depositors etc.Main Objective of introducing Narrow banks amongst the low capital based banks were:
In order to supply a secure and safe framework.
To give a clear line of operation to such weak banks
To put an end on upcoming troubles by means of regulatory guidelines

Universal Banking
A real blend of investment banks and Commercial banks gave birth to Universal Banks. This type of Bank provides full financial services like trading, wealth and asset management, financial advisory etc. all under one roof. The concepts originally started by Narsimham Committee, however,brought into reality by the Khan Committee with the strong aim to justify and harmonize the function of banks and develop the financial institution in India. Regulatory guidelines ease up the working of Banks and promote it to start a competition between banks to change to Universal Banks. Today IDBI, ICICI are emerging in Universal category and many are in a race to obtain the position.
Virtual/ Internet Banking/ e-Banking
e-Banking or internet banking is a computer based banking that does not directly involve the interface with customer or their physical presence at the bank branch. Virtual Banking offers banking services like deposit, withdrawal and other services through an automated teller machines or computerized devices.
Symmetric Relation II (Ranking puzzles)
In reasoning skills, “Ranking” is another puzzling subject that can blast your mind, leaving no clue behind how to solve the problem. Without knowing the formula or shortcut, you will not be able to understand how to proceed and what to get. So as to solve ranking based problems as fast as possible, let’s go into the depth….
Ranking
In Ranking, the problem usually asked to find out the rank of a person while standing in a queue or an object placed in some sequence. Ranking can be categorized in two ways:Row-wise Ranking: When an object or a person placed in a row. The possibility of placement is Left to Right or Right to left.
Column- wise Ranking: When an object or a person placed in a column. The possibility of placement is Top to Bottom or Bottom to Top.
Row-wise Ranking
In Row wise Ranking object can be ranked from Left to Right or Right to Left. In this case, the formula used to find the total number of objects/person or rank from left or rank from right is as below:
Problem 1:
In a class, the total number of students is 40. Joy, who always topped the exams, is sitting 14th from right. What is his rank from the left if students are sitting in a row?
Solution:
Step1: Check whether Students are sitting in a row or column.Step2: In Row-wise Ranking the formula we have:RL (Left) +RR (Right) – 1 = Total number of objects/personStep3: See what is given:Joy is sitting 14th from right = RR (Right) = 14 Total number of students = 40Step4: Putting in the formula:RL (Left) +14 – 1 = 40 RL (Left) = 40- 13 =27 RL (Left) = 27 Conclusion:Joy is sitting 27th from the left. Problem 2:
In a queue, A is standing 6th from left and B is sitting 5thfrom right. Three more persons C, D, E is sitting exactly in between both of them. Find out the total persons standing in a queue?
Solution:
Step1:Students are standing in a queue.Step2: In Row-wise Ranking the formula we have:RL (Left) +RR (Right) – 1 = Total number of objects/personStep3: See what is given:A is 6th from left= RL (left) = 6 B is 5th from right= RR (Right) = 5 Three persons standing in between C, D, EStep4: A is at 6th rank implies six persons are standing in a queue, including A, B is at the 5th rank implies five persons are standing in a queue, including B and three are standing in between, so it comes up the total Total= 6+5+3= 14 Conclusion:Total persons standing in a queue = 14 Problem 3:
Students are sitting in a row. A is sitting in unknown position. 6 students are sitting left to A and 7 are sitting right to A. Find out the total students sitting in a row?
Solution:
Step1: Students are sitting in a row.Step2: In Row-wise Ranking the formula we have:RL (Left) +RR (Right) – 1 = Total number of objects/personStep3: See what is given:Six people are sitting left to A implies A is at 7th from left= RL (Left) =7th Seven people are sitting right to A implies A is at 8th from right= RR (right) =8th Step4: Putting in the formula:RL (Left) +RR (Right) – 1 = Total number of objects/person7 +8 – 1 = Total number of objects/personConclusion:Total number of persons sitting in a row = 14.Column-wise Ranking
In Column wise Ranking object can be ranked from Top to bottom or bottom to Top. In this case, the formula used to find the total number of objects/person or rank from the top or rank from the bottom is as below:
Problem 1:
Vijay ranks 5th from the top and 32nd from the bottom in a class. How many students are there in a class?
Solution:
Step1: Students are standing in a column.Step2: In Column-wise Ranking the formula we have:RT (Top) +RB (Bottom) – 1 = Total number of objects/personStep3: See what is given:Vijay’s position from top= RT (Top) = 5Vijay’s position from Bottom= RB (Bottom) = 32Step4:Putting in the formula:RT (Top) +RB (Bottom) – 1 = Total number of objects/person5 + 32 -1 = Total number of studentsConclusion:Total number of students in a class =36.Problem 2:
Ashish ranks 5th from the top in a class of 40. What is his rank from the bottom in a class?
Solution:
Step1: Students are sitting in a column.Step2: In Column-wise Ranking the formula we have:RT (Top) +RB (Bottom) – 1 = Total number of objects/personStep3: See what is given:Ashish position from top= RT (Top) = 5Total number of students = 40Step4:Putting in the formula:RT (Top) +RB (Bottom) – 1 = Total number of objects/person5 + RB (Bottom) – 1 = 40RB (Bottom) = 36th Conclusion:Ashish ranks 36th from the bottom. >>CLICK HERE TO DOWNLOAD PDF FILE..Related Posts: Shortcuts to find HCF and LCM, Learn 4 simple methods of Squaring,Let’s beat the cube root at its best,Solving Square Root is a child’s play nowPosted byShikha Nandaat06:47Email ThisBlogThis!Share to TwitterShare to FacebookShare to PinterestLabels:Reasoning Skills Newer PostsOlder PostsHomeSubscribe to:Posts (Atom)