Narendra Modi to Inaugrate Vibrrant Gujrat Summit 2015

The seventh edition of the biennial Vibrant Gujarat Global Summit 2015,will be inagurated the Prime Minister of India, Narendra Modi

The Prime Minister will inaugurate the three-day summit beginning from January 11, 2015 at Mahatma Mandir in Gandhinagar.

To be held form Jan 11 to Jan 13 2015

The 7th Vibrant Gujarat Summit is slated to take place on the 11th, 12th & 13th of January 2015, at Mahatma Mandir, in the state capital - Gandhinagar. It will bring together leading national and international business leaders, economists, policy makers, investment bankers, multilateral institutions, academicians and thought leaders from across the length and breadth of the world.

Vibrant Gujarat 2015 will be an unrivalled platform for exploring business opportunities, sharing best practices and interacting with the people who matter. Furthermore, with this year’s focus on Smart Cities for Next Generation, SMEs : Gearing up for Global Competitiveness, Gujarat: Preferred Hub for Defence Production, International Finance Centre - A Platform for Global Business, Water Management & Climate Change, Health for All : Leveraging Technology, Innovation and Enablers, Sustainable Energy for All, CSR : Touching Lives and Making an Impact, the event will put the spotlight on crucial issues and strive towards an inclusive and balanced development.

EPFO to Pay 8.75% Interest for PF Deposit for year 2014-2015

EPFO has decided to pay Interest rate of 8.75% for PF deposit for the year 2014-2015

• What is PF / Provident Fund. ( Provident Fund Explained )

PF or provident fund is calculated as a percentage of your salary ( Basic pay and Dearness allowance if any). The present rate is 12% and the same will be cut from your salary and a matching contribution will be paid from your employer reduced by contribution to your pension fund. 
The amount will be refunded along with interest when you retire. If you are resigning you have the option of transferring the the PF balance and continue with the new employer.

• What is EPFO ?

The Employees' Provident Fund Organisation  in Hindi we call it as कर्मचारी भविष्य निधि संगठन), abbreviated to EPFO, is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory contributory Provident Fund Scheme, Pension Scheme and an Insurance Scheme. It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.

SBI and PNB cuts interest on Housing Loan

State Bank of India has cut interest rates on home loans to 10.15% for all loan brackets, with immediate effect. For women borrowers, the interest rate for all home loans will be a uniform 10.1%, India’s largest lender said in a statement. Prior to this change, SBI charged 10.15% for loans up to Rs.75 lakh and 10.3% for loans above Rs.75 lakh. For women borrowers, these rates were 10.1% and 10.25%, respectively.

PNB has alsor educed interest rates on home and auto loans with immediate effect as part of its festival offer. PNB is offering home loans up to Rs.2 crore at an interest rate of 10.25%, which is also the bank’s base rate. For home loans above Rs.2 crore, the interest rate being levied is 10.5%, PNB said in a statement. The bank has slashed the interest rate for two-wheeler loans by 150 basis points (bps) to 12.25%, while introducing a new category of borrowers with a high credit rating who will be offered a floating rate of 10.5% on car loans. A basis point is a hundredth of a percentage point.

Marketing Aptitude Awareness 27 August 2014

1. Direct Marketing Means

• Advertisements
• banners
• face to face selling
• selling by bank staff
• meeting target goals

2. Selling process includes which of the following

• Publicity
• Lead Generations
• criss cross selling
• product re engineering
• state of art packaging

3. What do you mean by cross selling ?

• Cross Border Selling
• Selling with fingers crossed
• Selling with existing customers
• Cold Calling 
• Hot Calling

4. Many a times we here about UPS in marketing terminology what does this USP means

• Unique selling preposition
• Unique sales practices
• Useful Sales person
• Unique simple practice
• None of the above

5. Market share can be increased by which of the following ways

• Increasing the number of sales person
• Giving commission to staff
• Increasing sales volumes
• Increasing product line
• Increasing advertisement time

6. DSA means

• Delivery Staff agent
• Direct selling agent
• District selling agent
• Door selling agent
• Digital selling agent

7. Bancassurance means

• Selling of insurance products by banks
• Selling other banks products
• Selling bank cards
• Banking on HNI clients
• banking on government grants

8. AMFI regulates which industry body in financial and investment sector

• banks
• Private banks
• Mutual funds
• NPS
• Public sector banks

9. The banker to every India is tag line of which of the following banks in India

• State bank of India
• ICICI Bank
• HDFC Bank
• Bank of India
• Bank of Baroda

10. Objective of digital marketing is 

• Online Marketing
• Cold Calling
• Web printing
• Cloud Computing
• Door to door campaigning 

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Answers

• face to face selling
• Lead Generations
• Selling with existing customers
• Unique selling preposition
• Increasing sales volumes
• Direct selling agent
• Selling of insurance products by banks
• Mutual funds
• State bank of India
• Online Marketing

Marketing Aptitude Awareness Dated 26 August 2014

1. Market Survey means

• Market research
• Market Planning
• Market Strategy
• Market selling
• All the above

2. Global Marketing is a result of 

• Domestic Investment
• FDI
• Globalisation
• Privatisation
• Narendra Modi Govt at center

3. Modern Means of Marketing mainly focous on 

• Profit Making
• Production
• Product Packaging
• Advertisement
• Customers Need

4. The Term Marketing Myopia was given by which of the following

• Philip Kotler
• Amartya Sen
• Bill Gates
• Henry Fort
• Theoder Levitt

5. Bank Marketing means

• Selling of bank
• Merging of bank
• Talking with bank unions
• Marketing for bank staff
• Selling banks products and services

6. A lead means

• a big political leader
• HNI client of bank
• Bank top executives
• a prospect who is more likely to avail the banking product and services
• All the above

7. Marketing concept is based on 

• Profit
• Loss
• Customer Oriented
• Product and service oriented
• None of the above

8. Marketing research involves

• collection of facts and data
• analysing of facts and data
• gathering of multiple records
• forming appropriate marketing strategy 
• All the above

9. How is selling related to marketing

• Selling is a facet of marketing
• Marketing is smaller than selling
• Both are same
• Both are not related to each other
• None of the above

10. Selling involves profit earing through maximization of 

• Profit
• Sales
• Marketing
• bulk Production
• All the above

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Answers--

• Market research
• Globalisation
• Customers Need
• Theoder Levitt
• Selling banks products and services
• a prospect who is more likely to avail the banking product and services
• Customer Oriented
• All the above
• Selling is a facet of marketing
• Sales

A Score of 7 and above is good

A score of 5 or less is poor and needs much improvement

Indians who have won Nobel Prize

Following are the Indian Personalities who have won Nobel Prize till date

1. Rabindranath Tagore - for Literature in 1913
2. CV Raman - for Physsics in 1930
3. Mother Teresa - for Peace in 1979
4. Amartya Sen - for Economic Sciences in 1998

1. Subrahmanyan Chandresekhar - for Physics in 1983 , shared with William Alfred Fowler , He was an American Citizen when he received this prize
2. Hargovind Khorana for Physiology or Medicine in 1968, He was a Person of Indian Origin PIO

Real Estate Investment Trust ( REITs) Explained

REITs are just like mutual funds, but instead of using the money collected from investors to buy stocks and bonds, they invest in property.
Till now investing in property has been a big investment whether you invest in residential or commercial realty market. Right now SEBI has allowed REITs only in commercial real estate, where the rental yield has been in range of 8-9% on annualized basis.

• Minimum investment size of 2 Lakh of rupees
• IPO size of 250 Crore
• Market lot of 1 Lakh rupees
• Investment in commerical real estate with 80% in rent earning project
• Balance 20% in asset under construction projects which are slightly riskier
• Will be listed on stock exchange
• It will increase the fund flow in already cash strapped real estate sector

Indian Culture Awareness 25 August 2014

1. The sacred book of Parsis is called ?
2. Madhubani style of painting is a popular form of painting in India belongs to which state ?
3. Jana Gana Mana was officially adopted by constituent assembly as Indian National Anthem on 
4. Dandia is popular dance of which state of India
5. Kumbah Mela is held once in how many years ?
6. Shrimad Bhagwat Gita was originally written in which lagnuage
7. Kuchipudi dance belongs to which state 
8. Which state is known for its folk dance Garba ?
9. The Rath Yatra at Puri is celebrated in honour of which Hindu deity ?
10. Onam is a festival popular in which state of India
11. Yakhagan is the famous dance form of the state of 
12. Losoong is a festival which is celebrated in which state of India

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Answers in Reverse Order

• Sikkim
• Karnataka
• Kerala
• Lord Jagannath
• Gujarat
• Andhra Pradesh
• Sanskrit
• 12 Years
• Gujarat
• Jan 24 1950
• Bihar
• Zed Avesta