Check your IBPS Clerk Pre Exam marks...
http://ibps.sifyitest.com/cweclkjul15/resse_dec15/login.php?appid=f102e161d9fa64557e86b7bb740c6f22
Your IBPS CLER Pre score...
- 35-40
- 40-45
- Less than 20
- 20-25
- Not willing to disclose
- More than 80
- 75-80
- 70-75
- 65-70
- 60-65
- 55-60
- 50-55
- 45-50
- 25-30
- 30-35
0 voters
How Airlines Can Target Rail Passengers - Insights from INSIDEIIM
http://insideiim.com/when-the-competitor-helps/?mailer=insideiim
guys, SBI PO vs LIC AAO...please tell me the pros and cons of each, like work culture, postings, salary, growth, office timings etc...I will write the LIC AAO exam this year, but also thinking of SBI PO next year...
What are the posting locations in LIC AOO, as my priority is urban area/city not rural...jo sure ho wahi reply kre..
lic aao vs ssc ip post, which is better in terms of salary and type of work....??
do we need to put both in cgpa and percentage?My university give in percentage. do I need to convert percentage to cgpa?
how do i calculate cgpa ?
i am from engineering background i have aggregate of 57.15 and last year % 65.46
NEED SUGGESTIONS:
Best test series for LIC AAO.
Should I go for CP or OB??? Till now I have given every xam by practicing with CP & I found it good.... but with internet reviews, OB is more in demand & Appreciable acc to standard of tests...
Cheques and Types
Below are the details of various types of cheques.
1-2 questions can be expected related to cheques in most banking exams.
Cheque
It is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
Types of Cheque
1. Bearer Cheque or open Cheque
When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque. The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment. However, such cheques are risky, this is because if such cheques are lost, the finder of the cheque can collect payment from the bank.
2. Order Cheque
When the word "bearer" appearing on the face of a cheque is cancelled and when in its place the word "or order" is written on the face of the cheque, the cheque is called an order cheque. Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred).
3. Crossed Cheque
Crossing of cheque means drawing two parallel lines on the face of the cheque with or without additional words like "& CO." or "Account Payee" or "Not Negotiable". A crossed cheque cannot be encashed at the cash counter of a bank but it can only be credited to the payee's account.
4. Ante-Dated Cheque
If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as "anti-dated cheque". Such a cheque is valid upto three months from the date of the cheque.
5. Post-Dated Cheque
If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. A post dated cheque cannot be honoured earlier than the date on the cheque.
6. Stale Cheque
If a cheque is presented for payment after 3 months from the date of the cheque it is called stale cheque. A stale cheque is not honoured by the bank.
7. A self cheque
A self cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account.
Cheque
It is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
Types of Cheque
1. Bearer Cheque or open Cheque
When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque. The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment. However, such cheques are risky, this is because if such cheques are lost, the finder of the cheque can collect payment from the bank.
2. Order Cheque
When the word "bearer" appearing on the face of a cheque is cancelled and when in its place the word "or order" is written on the face of the cheque, the cheque is called an order cheque. Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred).
3. Crossed Cheque
Crossing of cheque means drawing two parallel lines on the face of the cheque with or without additional words like "& CO." or "Account Payee" or "Not Negotiable". A crossed cheque cannot be encashed at the cash counter of a bank but it can only be credited to the payee's account.
4. Ante-Dated Cheque
If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as "anti-dated cheque". Such a cheque is valid upto three months from the date of the cheque.
5. Post-Dated Cheque
If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. A post dated cheque cannot be honoured earlier than the date on the cheque.
6. Stale Cheque
If a cheque is presented for payment after 3 months from the date of the cheque it is called stale cheque. A stale cheque is not honoured by the bank.
7. A self cheque
A self cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account.
Does anyone here know what's the difference between CGPA obtained and total CGPA?
Guys. My college comes under Anna University. We don't have percentages. Only Cgpa. (Though the multiplying factor is 10). I gave obtained Cgpa as 7.04 while total as 10. The percentage column didn't fill automatically. I couldn't enter value as well. I submitted (It allowed me to submit) and paid fees. Will there be any issue?
English Language Rule
Use Among before consonant andAmongst before Vowel
hi freinds i have a doubt while filing up the form
my cgpa is 8.32 and according to my university formula percentage is 83.2% my doubt is wat i need to fil in max marks and aggregate marks obtained
I am going to finish my graduation in 2016 may.I am eligible or not?
Puys which is the best mock practice site available rite nw? Do they even give us the question paper and solutions in PDFs or other forms? TIA
for gk section current affair from nov-feb is enough?? and do we have to learn topics of banking awareness also
hi freinds i have a doubt while filing up the form
my cgpa is 8.32 and according to my university formula percentage is 83.2% my doubt is wat i need to fil in max marks and aggregate marks obtained whether i have to fill 832 as aggregate marks and total marks as 1000 plz help me on this and explain in english @DarkAlex
The following article has been authored by Preksha from MDI Gurgaon
Impact of GST on Indian EconomyMuch has been already said about the implementation of the Goods and Services Tax (GST) in India and its possible implications on the status quo. This article is an attempt at evaluating the economic impact of redesigning the existing tax structure and moving on to GST that looks to replace all indirect taxes with a single tax rate as a means to simplifying the tax levying process for the Indian government. The central idea behind GST is to shift the tax mix from income based to consumption based.
The present structure of taxation entails the levy of a number of indirect taxes on businesses and individuals. These include the following:
(i) Central Excise Duty
(ii) Service Tax
(iii) Sales Tax
(iv) Value Added Tax
(v) Securities Transaction Tax
A number of problems arise in this, primarily that of double taxation on the producers and manufacturers and the consequent tax evasion techniques employed by them to escape paying out hefty amounts of their profits to the government. The result: A considerable decline in the tax revenues for the government and a less-than-optimal production of goods in an economy.
A GST tax, however, stands to eliminate the above through a single tax aimed at establishing a national market. Approximately 140 countries around the globe already have a GST tax structure that ranges anywhere between 15 per cent - 20 per cent, and are deriving benefits from it, at government, corporate as well as consumer level. It will involve taxation in three forms:
(i) CGST: Applicable for inter-state sale of goods and provision of services
(ii) SGST: This form would be applicable for intra-state sale of goods
(iii) IGST: The centre would levy IGST which would be the sum of CGST and SGST on all inter-state transactions of taxable goods and services with appropriate provisions for consignment or stock transfer of goods and services, in case applicable.
A very important implication of GST is that it would reduce tax burden on producers and foster growth through more production. Manufacturing is a costly business under the current taxation system where a producer has to pay taxes not only on raw material procurement, but also on the final receipts from sale of goods. This double taxation prevents manufacturers from producing to their optimum capacity and retards growth. GST, on the other hand, would take care of this problem by providing tax credit to the manufacturer. Basically, the tax already paid by him will be deducted from his final sale tax receipts and he would only have to pay the difference, i.e. for the value added to the product by him. Also, due to absence of tax credits applicability for interstate transactions, a manufacturer producing in one state has to pay taxes on sale of those goods in other states as well. This adds to their cost and leads to lower productivity. The various tax barriers such as check posts and toll plazas lead to a lot of wastage for perishable items being transported, a loss that translated into major costs through higher need of buffer stocks and warehousing costs as well. A single taxation system could eliminate this roadblock for them.
A single taxation on producers would also translate into a lower final selling price for the consumer. Currently, for a customer, the tax burden of goods in anywhere between 25-30 per cent while GST proposes a tax rate of 18 per cent in the first year of implementation and would be brought down over the second year and in later years. The consumer would not only be able to purchase more goods with the same amount of money, he would also look to buy more, thereby spurring market demand. Also, there will be more transparency in the system as the customers would know exactly how much taxes they are being charged and on what base.
GST would add to government revenues by widening the tax base. Until now, services had been exempted from taxes. GST, however, brings them under the purview of taxation as well. This would eliminate tax evasion by corporations that escape taxes by bundling their goods along with services or whose products fall on the borderline of a good and a service, such as software products. Also, GST provides credits for the taxes paid by producers earlier in the goods/services chain. This would encourage these producers to buy raw material from different registered dealers. This would bring in more and more vendors and suppliers under the purview of taxation and reduce the ambiguity of the existing unorganised sector. According to the National Council of Applied Economic Research study conducted in 2009, the GST could provide gains in India's GDP in a range of 0.9 to 1.7 per cent over the years starting from its implementation, assuming the revenue-neutral rate to be anywhere in the range of 6.2 and 9.4 per cent. The revenue neutral rate is the net difference in the overall collection of centre and states (the idea is that if implemented, GST could lead to tax revenue losses in some states. In such a situation, the central government would be compensating them for the same for the next 5 years). Additionally, GST is also expected to exclude state excise on alcohol and tobacco from its purview. This implies that a large revenue source still rests with the state government to generate cash flows from.
GST also removes the custom duties applicable on exports. This has major implications for the Indian economy: making exports tax-free would spur trade for our economy. Our competitiveness in foreign markets would increase on account of lower cost of transaction while the imports will be taxed same as domestic goods and services. If we look at the simple aggregate demand equation of macroeconomic theory:
AD = C+ I + G + (X-M)
Where AD = Aggregate demand in the economy
C = Consumption demand in an economy
I = Investment demand in an economy
G =Government's spending on goods in an economy
X = Exports by a nation
M = Imports by a nation
The concept of GST is more streamlined towards a longer - term perspective but does involve some short - term challenges which will have to be overcome, such as that of the administrative costs that would have to be borne in coming up with an administrative system for GST and for working out the transitional agreements. Additionally, the tax proposal still faces opposition from states who are unwilling to give up control on their tax revenue sources. Given the different tax structure prevalent in all states, the negotiations over GST seem to hit a roadblock every time over the transition of the local tax system so as to integrate it with a national one. However, once implemented, the system holds great promise in terms of bolstering growth for the India economy while bringing it more in line with the tax system followed internationally.
The concept of GST is more streamlined towards a longer - term perspective but does involve some short - term challenges which will have to be overcome, such as that of the administrative costs that would have to be borne in coming up with an administrative system for GST and for working out the transitional agreements. Additionally, the tax proposal still faces opposition from states who are unwilling to give up control on their tax revenue sources. Given the different tax structure prevalent in all states, the negotiations over GST seem to hit a roadblock every time over the transition of the local tax system so as to integrate it with a national one. However, once implemented, the system holds great promise in terms of bolstering growth for the India economy while bringing it more in line with the tax system followed internationally.
hi guys, i cant seem to be able to fill the LIC AAO form because its saying CGPA should be in numbers.i dunnno what to do! please help! 😞