Goldman execs scrutinize bond trading after revenue nosedives

(Reuters) – Goldman Sachs Group Inc.’s management team looks for ways to revive commercial banking bonds and generate more revenue from existing clients that have become less profitable for the bank.

The Wall Street bank reported a 40 percent drop in second-quarter revenue bonuses on Tuesday, had expected worse than many analysts and posted weaker results on the amenities of its history as a public company.

Seven analysts toasted Marty Chavez CFO during a conference call on whether Goldman is enough to transform the company.

“Everyone in our FICC business focused on it, and on a granular molecular level, working – as in the management team,” he said, using an acronym for trading in fixed income, foreign exchange and commodities.

The company has delivered $ 1.2 billion in revenue, the lowest figure since the fourth quarter of 2015.

Goldman’s trade defeat was deeper than the general weakness that hit Wall Street because of historically low volatility.

Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co fell 6 percent to 19 percent.

Morgan Stanley will report on Wednesday.

Goldman shares fell 2.5 percent even though they have managed to beat global forecasts of analysts’ earnings.

Shares were the worst stocks of major US banks, losing 4.3 percent this year compared to Monday’s close, compared with a 6.7 percent increase for the S & P 500 financial .

Goldman declined in most areas of bond swaps, including interest rates and currency, but commodity trading has been the worst case scenario, Chavez said.

The bank does not exclude figures for each commodity, but Chavez said raw materials had the worst performance in the 73 quarters in which Goldman reported publicly gains.

Many of Goldman’s clients are active asset managers, such as hedge funds, who have struggled to a large extent to show attractive returns and prevent investors from moving to passive vehicles such as index funds and quoted funds.

These customers are trading less and therefore have generated less revenue for the Goldman Sachs bank. They do not trade both corporate clients than their larger competitors who have lent large companies and managed their hedges.

Goldman has also traditionally been more focused on derivatives and amenities than other banks, and both areas were weak in the second quarter, Chavez said.

Oil prices fluctuated between $ 44 and $ 58 a barrel in the first half of 2017, in sharp contrast to the first half of 2016, ranging from $ 27 to $ 50 a barrel.

Volatility indexes also reached multiyear levels in the first half of 2017, which means that traders have fewer options for directional paris.

To improve overall trading obligations, Goldman looks for ways to do more business with existing customers, Chavez said.

“This is something that all of us evaluate and make changes and works, and we are committed to it,” he said. “We know we have to do better.”

Goldman has maintained its commitment to its products unit J. Aron & Company, while fellows such as Morgan Stanley and Barclays PLC have declined in recent years.

Bank of America profit rises as consumer bank hits profit ‘milestone’

(Reuters) – Bank of America Corp reported a higher-than-expected quarterly gain on its consumer bank and cut costs that began to pay off after years of closure of branches, staff reductions and efforts to Reduce the role of technology and related costs.

Chief Executive Brian Moynihan spoke enthusiastically about a broad recovery in consumer activity that began in 2009, calling his quarterly profit of $ 2 billion to the analysts call on Tuesday.

In the midst of the great recession, the unit had 6,000 financial centers, 100,000 employees, two-thirds of the bank deposits and few digital capabilities.

Regulatory changes introduced after the financial crisis of 2008 began quickly to reduce revenues, as strategic decisions, such as the reduction of activities generated by third parties.

The company has recently benefited from cost reduction as well as improved technology, deposit growth and focus on higher-quality borrowers, Moynihan said.

In the second quarter, the division was able to increase deposits at lower costs and use these cheaper funds to stimulate loan growth, which helps to outperform any other unit.

Overall, the Bank of America reached a goal of spending more than 60 cents for every dollar of income it produces, down from 63 cents a year earlier. Investors have seen this measure closely as a sign of bank efficiency.

Bank of America, the second largest asset lender, is working to reduce annual operating expenses by 53 per billion next year.

The consumer bank helped Bank of America to make a net profit of $ 4.9 billion, or 46 cents per share, up 11 percent from the same period last year.

Analysts were expecting 43 cents on average, according to Thomson Reuters I / B / E / S.

The bank’s total turnover to 23070000000 also exceeded the analysts’ average estimate of 21.78 billion.

“It was a good quarter for Bank of America,” said Evercore ISI analyst Glenn Schorr.

“You really have to try to find some problems to deal with.”

Moynihan and chief financial officer Paul Donofrio both second quarter qualified one of the best in bank history.

However, its stock has declined 1.1 percent to $ 23.75 at noon, after a rise of 8.4 percent since the beginning of the year.

While large banks have reported better results, investors were disappointed that profits are not increasing faster.

Last week, shares of JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc fell after beating analysts’ estimates, such as Goldman Sachs Group Inc. on Tuesday.

Profits and gains from the Bank of the United States were overshadowed by the margin of intermediation below expectations, according to analysts.

This measure, up 8.6% to $ 10.99 billion in the second quarter, measures the difference between the cost of bank financing and the income generated from these funds.

Bank of America is considered the most sensitive to interest rates among major US banks because of the way its balance is built in terms of term loans, types of financing and hedges.

In addition to its global markets unit, which suffered a slowing of trade just like other Wall Street banks, another Bank of United States companies also generates greater profits.

Morgan Stanley’s profit boosted by underwriting, wealth management

(Reuters) – Morgan Stanley reported a higher quarterly profit than expected on Wednesday, thanks to strong investment banking and asset management.

Morgan Stanley shares, which complete the quarterly earnings season for large lenders, rose 2.5% to $ 46.29 in the pre-market market.

Asset management activities of the lender saw its best quarter in more than three years, revenues rose 8.9% to 4.15 billion.

The company, the bank has developed a reliable revenue stream, generates a pre-tax margin of 25 percent, according to the stated objective of CEO, James Gorman.

Investment bank revenues soared 25 percent. 100 to $ 1.53 billion, as an asset of the debt and securities market activities generated sales commission.

“Our second quarter results demonstrated the resilience of our franchise in a small business setting,” Gorman said.

Brokerage income was reduced to Morgan Stanley who worked to transform his bond trading business by appointing new members of management and cutting staff were modest compared to Goldman Sachs Inc. Archer Group, who declined 40% Of the income bond operations.

At Morgan Stanley, global business revenue declined by about 3 percent, while revenue bond operations declined 4.5 percent.

Commercial bonds struggled for major US banks this quarter, making it difficult to compare with the period last year when banks have dealt with the following wholesale volumes the vote for Britain to leave the European Union.

Morgan Stanley said brokerage, a company in which it is generally safe, grew from $ 2.1 trillion to $ 2.2 billion.

The bank’s 9.1% profitability index, a measure of profitability, was well within the target of 9% to 11%, Gorman wanted the bank to reach the end of 2017.

Morgan Stanley’s non-interest expense increased 6.8 percent to $ 6.86 billion, even as the bank aims to reduce spending by $ 1 billion by the end of this year.

Earnings applicable to common stockholders were $ 1.59 billion in the second quarter ended June 30, compared to $ 1.43 billion a year earlier. Earnings per share increased from 75 cents to 87 cents.

On average, analysts expected a profit of 76 cents per share, according to Thomson Reuters I / B / E / S.

Net sales increased 6.6% to $ 9.5 billion compared to the average estimate of 9.09 billion.

By the end of Tuesday, Morgan Stanley shares rose 6.8 percent this year, compared with a 4.2 percent increase in the KBW bank index.

Morgan Stanley, the sixth US bank by assets, ended the earnings season for major lenders.

Reports Sruthi Shankar Bangalore and Olivia Oran in New York; Editing by Saumyadeb Chakrabarty

GDP expands at 7.1% in FY17, but slows to 6.1% in Q4 as demonetisation bites

GDP expands at 7.1% in FY17, but slows to 6.1% in Q4 as demonetisation bites

GDP expands at 7.1% in FY17, but slows to 6.1% in Q4 as demonetisation bites

The Indian economy grew 7.1% in 2016-17, the government said on Wednesday in new estimates, identical to the expected expansion in February but slower than the 8% growth of the previous year.

A growth of 6.1 percent in January-March, however, revealed that the economy continues to suffer from shock demonetization which resulted in a sharp decline in high-value bills and limited access to spend cash and to Business investment.

Private final consumption expenditure (CCTB), a measure to measure household expenditure, fell by 58.7% of GDP (at current prices), from January to March 2017, from 61.6% of the quarter And 59.1% in the fourth quarter of 2015-16.

Gross Fixed Capital Formation (GFCF), a guide to measuring investment activity, also declined to 25.5% of GDP (at current prices) from January to March 2017, down from 27% in the previous quarter and 28 5% in the fourth quarter of the previous year.

Head of Statistics TCA Anant India, however, warned against over-reading the impact of the demonetization of GDP data.

“The impact of policies such as the demonetization of GDP data can be described as post-hoc analysis,” Anant said. “The evaluation of the impact of the policy is a complex analysis of econometrics. This is not a simple argument before and after.”

The new gross domestic product (GDP) calculates the factors in plant data and inflation in wholesale prices (MPI), which have lower prices and stronger manufacturing activity compared to Previous estimates.

Earlier this month, the government issued a new set of industrial production index (IIP) and the IPM that changed the base year from 2011 to 2012, from 2004 to 2005. It also added new product categories and changed its weight to bring the Two indices of current consumption trends.

According to the released GDP data Wednesday, using consolidated IIP, gross value added (GVA) in manufacturing increased by 7.9 percent in 2016-17, up from 7.7 percent in the old series, but Slower than the 10.8 percent from the previous year.

IPM inflation is used to achieve real growth series from the nominal data. The new IPM series is still lower than the old series, which shows small deflation index values. According to the new series, WPI increased by 1.7% in 2016-17 compared to 3.7% in the previous series.


The Central Bureau of Statistics (CSO) said the slower growth for GVA – 6.6 percent in 2016-17 – suggesting that the expansion is slower than what GDP prime numbers suggest.

GVA, which is GDP minus tax, serves as a more realistic proxy for measuring changes in the total value of goods and services produced in the economy.

In the second preliminary estimates published in February, the CSO had estimated that GVA growth, which is GDP minus net taxes, will slow to 6.7% in 2016-17. Wednesday, preliminary estimates have shown that GVA increased by 6.6% in 2016-17, or 1.3 percentage points slower than the 7.9% of the previous year.

The effect of the return of the currency in November 2016 and the resulting slowdown in consumption and investment could be hidden in the estimates of slower growth in GVA and GDP.

Higher indirect tax revenues in 2016-17 may also partly explain GDP growth forecast The Indian economy grew 7.1% in 2016-17, the government said on Wednesday in new estimates, similar to the expected expansion in February but slower than The 8% growth of the previous year.

A growth of 6.1 percent in January-March, however, revealed that the economy continues to suffer from shock demonetization which resulted in a sharp decline in high-value bills and limited access to cash and business investment.

Private final consumption expenditure (CCTB), a measure to measure household expenditure, fell by 58.7% of GDP (at current prices), from January to March 2017, from 61.6% of the quarter and 59.1% in the fourth quarter of 2015-16 .

Gross Fixed Capital Formation (GFCF), a guide to measuring investment activity, also declined to 25.5% of GDP (at current prices) from January to March 2017, down from 27% in the previous quarter and 28 5% in the fourth quarter of The previous year.

Head of Statistics TCA Anant India, however, warned against over-reading the impact of the demonetization of GDP data.

“The impact of policies such as the demonetization of GDP can be described as post-hoc analysis,” Anant said. “The evaluation of the impact of the policy is a complex analysis of econometrics. This is not a simple argument before and after.”

The new gross domestic product (GDP) calculates the factors in plant data and inflation in wholesale

Cow is pious like peacock, says Rajasthan judge ‘speaking from soul’

Cow is pious like peacock, says Rajasthan judge ‘speaking from soul’

Cow is pious like peacock, says Rajasthan judge ‘speaking from soul’

Shortly after recommending the center of the cow the national animal, Rajasthan Judge, Justice Mahesh Chandra Sharma, defended his position by stating that the cow helps us in all possible ways.

Citing the Hindu scriptures, including the Ramayana and the Vedas, Judge Sharma said that cow’s milk has been used to cure various diseases. “I made the recommendations to the center. It is the voice of my soul that speaks,” he told the media off the field.

He wondered why the cow was to be the national animal, Judge Sharma said the peacock became the national bird of India because “it is a Brahmachari.” Peacock Divine qualities like cow – Peahen does not have to have sex to get pregnant, backed up only from the “tears” of the peacock, “he said.

A woman is standing with an ox waiting for donations from pedestrians used to feed animals in Mumbai May 30, 2017.

Addressing life sentences for the slaughter of cows, Judge Sharma said his suggestion would only be enforced by the state of Rajasthan, but he hopes the legislation was eventually adopted nationwide.

Earlier, Judge Sharma said, “This problem is related to sympathy, conviction and faith, to say that protection and respect for the cow are important. We must protest against this, so we can protect our animals. To our parents, we must respect the cows, “said ANI judge of the High Court of Rajasthan, Mahesh Chandra Sharma.
Earlier in the day, a hearing on the subject Hingonia Gaushala recommends Cow Center to become the national animal, adding that the punishment for slaughter cows should be limited to perpetuity.

The Anti-Corruption Bureau (ACB) and the Deputy Director General (ADG) of the police have asked to prepare a report every three months on stability and the court also ordered the Secretary and urban development and housing Municipal Commissioner (UDH) to visit once a month.

Sharma also asked the forest department to plant 5000 plants in the granary each year.

The ruling follows the decision of the Center regarding the ban on the sale of cattle for the massacre, which faces strong opposition from the governments of the states of Kerala, Karnataka and Tripura.

At the beginning of last year, after the death of more than one hundred cows in recent weeks in a government-managed barn in Jaipur, Rajasthan, the government had requested a report on this issue and promised to improve the situation in Hingonia Gaushala

Reports indicate that cow deaths were due to a supposed shelf-life in maintaining stability.

“The Minister requested a report on Hingonia Gaushala. We developed a work plan and action plan to improve the situation there,” said Minister Rajendra Rathore Rajasthan.

According to reports, the authorities initially said that the dead cows were already sick and malnourished.

There are more than 8000 Hingonia Gaushala cows which are occupied by a team of 14 veterinarians, breeders and 24 200 other employees.

Ten Common Myths About beauty services at home in Mumbai

Ten Common Myths About beauty services at home in Mumbai

The beauty services at home have the great and winning philosophy in all over Mumbai and In Mumbai, there are many amazing beauty services industry, which is developed to make the lots of rumour’s and myth circulate about the best beauty services business, from that, the Glow up India is also the amazing industry in the Mumbai, which provides the best beauty treatment.


There are ten common myths about the beauty services at home in Mumbai Industry.

  • The beauty services are must provide the better opportunity to get the beauty services at home
  • It provides the best offer by giving the order at home with great beauty services. and no any chance to give the inconvenient facility.
  • The beauty services at the home are the best reason is that it saves your valuable time, in which you can do the other work and it will prove beneficial for you.
  • The beauty services play very importantly to improve the beauty of the person and it provides amazing opportunity at the home,
  • It becomes easier for that women, those not have the time to go outside, but you don’t need to take any worries for your beauty because the beauty services are providing for you.
  • Beauty services are providing the better prevention and treatment to the people, which is the amazing opportunity of the beauty services.
  • The beautician may apply that all product, which is perfect for people and suits to them.
  • It is the best way to get the great comfortable by choosing the best beauty services of the Mumbai industry and
  • Every people can take more advantage of the life by choosing the best beauty services at the home.
  • The best beauty services of the Mumbai industry is providing the best opportunity for the people.





Short Notes for Various Competitive Examinations

The Government of India has started a new health scheme called AMRIT (Affordable Medicines and Reliable Implants for Treatment) Retail Pharmacy. The cancer and heart medicine will be sold at discounted and subsidized rates. At this outlet the prices of 202 cancer and 186 cardio-vascular drugs will be reduced on an average by 60 to 90 per cent. The pilot AMRIT outlet will be managed by the government-owned HLL Lifecare Ltd (HLL), which will sell both drugs and implants at significant discount on market rates. These drugs and implants will be sold based upon authentic prescrip­tions from doctors to AIIMS patients and also patients availing treatment at other hospitals. Later, HLL Lifecare Ltd will establish and run the AMRIT chain of pharmacies across the country with an aim to reduce the cost of treatment for the patients.

Save the Children

Save the Children is an inter­national non-governmental organiza­tion that promotes children’s rights, provides relief and helps support children in developing countries. It was established in the United King­dom in 1919 in order to improve the lives of children through better education, health care, and economic opportunities, as well as providing emergency aid in natural disasters, war, and other conflicts. Save the Children promotes policy changes in order to gain more rights for young people especially by enforcing the UN Declaration of the Rights of the Child. Alliance members coordinate emergency-relief efforts, helping to protect children from the effects of war and violence. Save the Children has general consultative status with the United Nations Economic and Social Council.



Crypto-currency is a type of digital currency that uses crypto­graphy for security and anti­counterfeiting measures. Public and private keys are often used to transfer crypto-currency between individuals. As a counter-culture movement that is often connected to cypherpunks, crypto-currency is essentially a fiat currency. This means users must reach a consensus about crypto­currency’s value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading func­tioning example of crypto-currency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.


Crowd-funding is a way of raising finance by asking a large number of people each for a small amount of money. Until recently, financing a business, project or venture involved asking a few people for large sums of money. Crowd­funding switches this idea around, using the internet to talk to thousands if not millions of potential funders. Typically, those seeking funds will set up a profile of their project on a website such as those run by our members. They can then use social media, alongside traditional net­works of friends, family and work acquaintances, to raise money.

Crowd-funding has the potential to increase entrepreneurship by expanding the pool of investors from whom funds can be raised beyond the traditional circle of owners, relatives and venture capitalists.

GAGAN (GPS Aided Geo Augmented Navigation)

The Indian Space Research Orga­nization (ISRO) and Airports Autho­
rity of India (AAI) have implemented the GPS Aided Geo Augmented Navigation-GAGAN project as a Satellite Based Augmentation System (SBAS) for the Indian Airspace. The objective of GAGAN is to establish, deploy and certify satellite based augmentation system for safety-of- life civil aviation applications in India has been successfully completed. The system is inter-operable with other international SBAS systems like US-WAAS, European EGNOS, and Japanese MSAS etc. Gagan is inten­ded to provide accurate navigation services over the Bay of Bengal, South East Asia, Indian Ocean, Middle East, and African regions. GAGAN pro­vides the additional accuracy, avail­ability, and integrity necessary for all phases of flight, from enroute through approach for all qualified airports within the GAGAN service volume. GAGAN Payload is already operational through GSAT-8 and GSAT-10 satellites.


Bhuvan is an interactive versatile visualization system that allows users to navigate (or ‘fly’) the entire globe, scanning satellite imagery with over­lays of natural resource information, roads, geographic •> features, and numerous other location-specific data points. Users can add their own points of interest and share them with others, chart routes, plot areas, cal­culate distances, and overlay separate images onto the application. Bhuvan connects to the Internet, making online resources available in connec­tion with particular places. Users can show or hide available layers in any combination. Using the scale and the robust measurement and terrain analysis tools, this user could plot mileages, calculate elevation differ­ence and slope angle between two or more points in the 3D View, terrain elevation profile along a path, find places of interest along the way, and link to Web sites to contact those establishments.


Bio-diesel is made from vege­table oil or animal fat (triglycerides) reacted with methanol or ethanol and a catalyst (lye), yielding bio-diesel (fatty acid methyl or pthyl esters) and glycerin as a by-product.

It can be used in any diesel engine without modifications—diesel engines run better and last longer with bio-diesel. And it can easily be made from a common waste product: used cooking oil.Bio-diesel is a much cleaner fuel than conventional fossil- fuel petroleum diesel. Bio-diesel can be used in pure form (B100) or may be blended with petroleum diesel at any concentration in most injection pump diesel engines.

Hydrogen Fuel

Hydrogen fuel is a zero-emission fuel when burned with oxygen (if one considers water not as an emission) or used in a contained cell also capable of ‘reversing’ the reaction if needed. It often uses electrochemical cells, or combustion in internal engines, to power vehicles and electric devices. It is also used in the propulsion of spacecraft and might potentially be mass-produced and commercialized for passenger vehicles and aircraft. Hydrogen can be used as the primary fuel in an internal combustion engine or in a fuel cell. A hydrogen internal com­bustion engine is similar to that of a gasoline engine, where hydrogen combusts with oxygen in the air and produces expanding hot gases that directly move the physical parts of an engine.


Bitcoin is a form of digital currency, created and held electro­nically. No one controls it. Bitcoins aren’t printed, like dollars or euros— they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathe­matical problems. It’s the first example of a growing category of money known as crypto-currency. A software developer called Satoshi Nakamoto proposed Bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of- any central authority,
transferable electronically, more or less instantly, with very low trans­action fees.

Silver Notice

The Interpol proposes to add to its armoury of measures for com­batting international crime the ’Silver Notice’ that1 would enable it to keep track of and confiscate movable and immovable assets of criminals globally. The Silver Notice will assist the 190 member countries of Interpol to locate, identify, monitor, seize and confiscate the assets of international criminals and terrorist organisations. The ‘Silver Notice’ is expected to promote international action and enhance the speed of the recovery of assets located in foreign jurisdiction. Presently the Interpol has seven major International notices—namely Red, Blue, Green, Black, Orange Notices, Stolen Property Notice and Modus Operandi (MO) Sheets. The Silver Notice, devoted to the tracing and recovery of assets owned by international criminals, would add a powerful instrument to the list of International notices of Interpol.

Uday Scheme

The Union Cabinet has approved a ‘reform’ package for loss-making electricity utilities. The scheme is named Ujwal Discom Assurance Yojana (UDAY). The scheme is aimed at providing financial turnaround and revival of Power Distribution companies (DISCOMs). It also ensures a sustainable permanent solution to the problem. The scheme assures the rise of vibrant and efficient DISCOMs through a permanent resolution of past as well as potential future issues of the sector. The scheme allows DISCOMS in few selected states to convert their debt into state bonds. According to the scheme, states will take over 75% of DISCOM debt as on September 30, 2015 over two years- 50% of DISCOM debt will be taken over in 2015-16 and 25% in 2016-17.

Imprint India

President Pranab Mukherjee on November 5,         2015 launched

‘IMPRINT India’, a joint initiative of country’s top educational institutes, aimed at developing a roadmap for research to solve major engineering and technology challenges relevant
to India today. The objectives of this initiative are to identify areas of immediate relevance to society requir­ing innovation, direct scientific research into identified areas, ensure higher funding support for research into these areas and measure out­comes of the research effort with reference to impact on the standard of living in the rural and urban areas. The idea of launching IMPRINT India, which is now a joint project of IITs and IISc, originated during the conference of Chairmen, Board of Governors and Directors of Indian Institutes of Technology convened by the President in August 2014.

Continued from Page 122

  1. Which of the following state in India tops the list of fruit pro­ducer during the year 2014-15 ?
  • Maharashtra
  • West Bengal
  • Andhra Pradesh
  • Gujarat
  1. As on Monetary Policy review, on February 2, 2016, repo rate stands at—
  • 7-75% (B) 7-25%

(C) 6-75%   (D) 6-25%

  1. ‘Stand-up India’ Scheme is associated with—
  • All small entrepreneurs
  • SC/ST entrepreneurs
  • Only women entrepreneurs
  • Only entrepreneurs in Rural Areas
  1. What is the maximum age of a girl child for opening account in ‘Sukanya Samriddhi Account’ ?
  • 5 years (B) 10 years

(C) 15 years (D) 18 years

  1. Reserve Bank of India has the right of printing currency notes upto the value of—
  • ? 1,000 (B) ? 5,000

(C) ? 10,000       (D) ? 20,000

1. (B) 2. (C) 3. (B) 4. (A) 5. (C
6. (D) 7. (A) 8. (B) 9. (A) 10. (C
11. (C) 12. (A) 13. (C) 14. (B) 15. (D
16. (A) 17. (D) 18. (B) 19. (A) 20. (B)
21. (A) 22. (C) 23. (B) 24. (B) 25. (C

Trade And Industry





  1. What is the premium percentage to be paid by farmers for Rabi crops in newly introduced Pradhan Mantri Fasal Bima Yojana (PMFBY) ?
  • 1-0% (B) 1-5%

(C) 2-0%            (D) 2-5%

  1. In which crop, the premium percentage to be paid by farmers in Pradhan Mantri Fasal Bima Yojana is the highest ?
  • Rabi Crops
  • Kharif Crops
  • Horticulture
  • All above have equal pre­mium percentage
  1. The Union government has decided to withdraw the benefit of subsidised LPG to the custo­mers having income above—
  • ? 7-5 lakh
  • ? 10-0 lakh
  • ? 12-5 lakh
  • ? 15-0 lakh
  1. Which of the following com­panies have attained first and second ranks in Fortune India 500 list ?
  • IOC and RIL respectively
  • RIL and IOC respectively
  • IOC and Bharat Petroleum
  • RIL and Hindustan Petro­leum
  1. India ranks……. on Forbes’ Best

countries list for business in 2015.

  • 95th (B)  96th

(C) 97th              (D)  98th

  1. In which year MUDRA Micro Units Development & Refinance Agency was established ?
  • 1991 (B)  2001

(C) 2012              (D)  2015

  1. As per provisional data of Com­merce Ministry, the growth rate of India’s merchandise imports (in dollar value) during April- December 2015 stood at—
  • -15-87% (B)   -18-06%

(C) +15-87%       (D)   +18-06%

  1. In newly introduced Pradhan Mantri Fasal Bima Yojana (introduced since Kharif crop

2016), farmers has to pay …………

per cent of insured premium for Kharif crops.

  • 1-0% (B)    2-0%

(C)   3-0%           (D)    5-0%

  1. Which of the following state has been announced as ‘a state of total organic farming’ ?
  • Sikkim (B) Karnataka (C) Kerala (D) Punjab
  1. Government has introduced Start up Scheme to promote new enterprises. Such enterprises has

been awarded………. years tax


  • 1 (B)     2

(C)   3                 (D)     5

  1. The state producing maximum vegetables in India is—
  • Punjab
  • Uttar Pradesh
  • West Bengal
  • Maharashtra
  1. Which of the following orga­nisation published ‘Global Risk Report 2016’ ?
  • World Economic Forum (WEF)
  • World Trade Organisation (WTO)
  • International Monetary Fund (IMF)
  • World Bank (IBRD)
  1. During April-December 2015, India’s merchandise exports registered a growth of—
  • 18-06% (B) 15-87%

(C) – 18-06%       (D) – 15-87% •

  1. ‘Shishu’ ‘Tarun’ and ‘Kishore’ named enterprises are associated with—
  • SBI
  • MUDRA Bank
  • IDBI
  1. RBI has raised shareholding in National Housing Bank on January 12, 2016 from ? 450 crore to—
  • ? 550 crore
  • ? 750 crore
  • ^ 1150 crore
  • ? 1450 crore
  1. At end-September 2015, the share of commercial borrowings in country’s total foreign debt stood at—
  • about 38%
  • about 30%
  • about 25%
  • about 20%
  1. Global Services Location Index (GSLI) rated India as number

……. out of the total 55 countries

included in the analysis.

  • Four (B)    Three

(C)    Two           (D)    One

  1. India ftas been placed poorly in Corruption Perception Index 2015. India has been ranked

at…. -splace among 168 nations

list of 2015.

  • 70th (B)    76th

(C)    84th           (D)    88th

  1. Section 80 TTA of the Income Tax Act pertains to interest earned on—
  • Savings Banks Account
  • Fixed Deposit
  • Recurring Deposit
  • Savings Schemes
  1. Which of the following tops the list of Indian Philanthropists in 2015?
  • RatanTata
  • Azim Premji
  • MukeshAmbani
  • Kumar Mangalam Birla
    1. Which of the following was the hottest year since 1895 ?
    • 1936 (B) 2012

    (C) 2014     (D) 2015

    1. Which of the following state­ments is true about climate change in India ?
    • The gas emissions has risen to 40 per cent from the level where it was on 2000. In 2010
    • In India the gas emissions were about 2T3 billion tons of carbon dioxide equivalent
    • The inventory comprises six greenhouse gases that are C02 , Methane, Nitrous Oxide, Hydro­fluorocarbons, Perfluorocarbons and Sulfur Hexafluoride
    • All of the above
    1. Consider the following state­ments and choose the correct code given below:
    2. India is the third largest emitter on the basis of greenhouse gases after China and the United States of America followed by the European Union.
    3. India has a lower per capita emission in association with the other countries.
    • Emission from the vehicle is the largest source of green­house gases emission.

    The correct code is—

    • Only I is correct
    • Only II is correct
    • II and III are correct
    • I, II and III are correct
    1. The ‘Triffin Paradox ‘Primarily pertains to—
    • Equities
    • Bonds
    • Currencies
    • Commodity derivatives
    1. Which of the following is the largest unlisted company in the world(by revenue) according-to Forbes magazine ?
    • Cargill
    • Koch Industries
    • Dell
    • Bechtel
    1. The ‘Chiang Mai’ initiative pertains to—
    • Trade
    • Services
    • Intellectual Property
    • Currency Swaps
    1. Mary Jo White currently chairs the—
    • US Security Exchange Com­mission
    • US Consumer Financial Protection Bureau
    • US Treasury
    • US Mint
    1. Who is quoted as saying that he would like to be incarnated as the US Bond market ?
    • Ross Perot
    • James Carville
    • Arthur Hailey
    • Bill Clinton

    Which of the following is known as angel investor ?

    • Mukesh Ambani
    • Ratan Tata
    • Azim Premji
    • Kumar Mangalam Birla

    Tata’s former group chairman has invested in—

    1. An online start-up selling premium teas- Teabox
    2. Ride-hailing app ola
    • Online retailer Snapdeal
    1. Mobile payment venture Paytm.

    The correct code is—

    • Only I and IV are correct
    • II, III and IV are correct
    • I, III and IV are correct
    • All are correct
    1. Consider the following state­ments and choose the correct code given below:

    Statements :

    1. India improved its ranking on corruption perception index 2015.
    2. NDA government at the Centre acted tough on corruption during 2015.
    • I and II both are correct and II is the correct explanation of I
    • I and II both are correct but II is not the correct explanation of I
    • Statement I is correct but II is incorrect
    • Statement II is incorrect but II is correct
    1. India’s ranking in corruption perception Index 2015 is—
    • 76th (B)   77th

    (C) 88th     (D)   104th

    1. Indian Railways has signed Memorandum of understanding for joint ventures with certain states to undertake rail projects in those states:
    2. Andhra Pradesh
    3. Kerala
    • Maharashtra
    1. Odisha n

    The correct code is—

    • Only III is correct
    • II and IV are correct
    • I, II and IV are correct
    • I, II, III and IV are correct
    1. Which of the following state­ments is incorrect about the recently signed pact between Indian Railways and state of Andhra Pradesh, Kerala, Maha­rashtra and Odisha ?
    • The MoUs envisages forma­tion of Joint Venture companies having 51% stake by the states and 49% stake by Ministry of Railways
    • Cost will be shared by the State and the Centre
    • State share will be in the form of land, funds and other administrative support
    • The land will be owned by the Railways
    1. As per a World Bank report which of the following commo­dities is likely to face glut during 2016?
    • Iron Ore
    • Bauxite
    • Automobiles
    • Cotton Textiles
    1. India investment Summit was held on February 4-5, 2016 in—
    • Mumbai
    • Hyderabad
    • New Delhi
    • Ahmedabad
    1. Which of the following is likely to be launched in September 2016 by JUST Capital ?
    • Platinum ETF
    • People’s Index
    • Corporate Social Responsi­bility Index
    • US Federal Reserve-Linked Bond
    1. Du Pont Analysis synthesizes—
    • Net Profit
    • Asset Turnover
    • Return on equity
    • Financial leverage
    1. Which of the following is Chinese equivalent of Ezubao ?
    • Pay TM
    • Instagram
    • Lending Club
    • Testa
    1. ‘Brass Plate Subsidiaries’ are usually set up—
    • For the purpose of Income Tax avoidance
    • In the metal sector
    • To take advantage of sub­sidies
    • As cross border investment vehicle
    1. Yield spreads between AAA and BBB bonds usually contract during—
    • Bull Markets
    • Bear Markets
    • Stagflation
    • Supply shock‘d
    1. In banking parleys, haircut is—
    2. The difference between the market value of an asset used as collateral and the amount of the loan.
    3. The bank’s loss from the asset falling in value or being sold in a fire sale.

    The .correct code is—

    • I and II both are correct
    • Neither I nor II is correct
    • Only I is correct
    • Only II is correct
    1. Which of the following state­ments is incorrect about 5: 25 scheme ?
    • Banks are allowed to stretch repayment profiles for perform­ing loans to infrastructure and the core sector 25 years
    • Banks are allowed to recast the loans every fifth year for those projects which are commer­cially running.
    • It saves banks from having NPAs (non performing assets- which leads to bankruptcy of a person)
    • Banks are allowed to restruc­ture loan on the basis of 25 criterion
    1. Which of the following have / has been named best swimmers of the world ?
    • US’s Jordan Wilmovsky and Brazil’s Ana Marcela Cunha
    • Australia’s Mitch Larkin and Hungary’s Katinka Hosszu
    • Britain’s Rachelle Simpson
    • Russia’s Romashina
    1. During the first quarter of 2016, Indian team clinched the T-20 series with 3-0 win against —
    • England
    • South Africa
    • Australia
    • West Indies
    1. The term ‘Whitewash’ is asso­ciated with which game ?
    • Football (B) Cricket

    (C) Hockey (D) Lawn Tennis

    1. The Baltic Dry Index is asso­ciated with—
    • Dry bulk shipping freight
    • El-Nino effect
    • Intra-country trade among CIS nations
    • None of the above
    1. How many Navies participated in International Fleet Review held in February 2016 in Visakha- patnam ?
    • 24 (B) 39

    (C) 54         (D) 62

    1. 29. is the first woman in

    India to occupy the coveted post of chief of a pioneer Paramilitary force(Sashastra Seem Bal)—

    • Archana Ramasundaram
    • Meera Borwankar
    • Aruna Bahuguna
    • None of the above
    1. Consider the following facts about the project Loon and choose the correct code given below:
    2. It is a Google’s project com­prising a network of balloons that travel approximately

    *        20 kms above the earth’s


    1. It provides connectivity in rural and remote areas through a wireless commu­nication called LTE (Long­term evolution).
    • I and II both are correct
    • Neither I nor II is correct
    • Only I is correct
    • Only II is correct
    1. White Spaces project is related to—
    • Microsoft
    • It aims to provide low cost broadband connectivity using white spaces
    • A technology that utilizes unused television spectrum to deliver low-cost Internet
    • All of the above
    1. Mention of PAN is not manda­tory in—
    • Pradhan Mantry Jan Dhan Yojana Account opening
    • Payment of hotel bills of ? 50000 or more
    • Purchasing of silver, gold, jewelry of more than ?’ 2 lakh
    • Investment of more than ? 1 lakh in non-listed com­panies
    1. Global Initiative of Academic Networks is related to—
    • Basic Education
    • Intermediate Education
    • Higher Education
    • Technical Education
    1. Which of the following cricketers has never been awarded the coveted ICC Sir Garfield Sobers Trophy ?
    • Rahul Dravid
    • Sachin Tendulkar
    • Stevan Smith
    • Saurabh Ganguly
    1. Which of the following Indian cricketers got highest ever bid in the recently concluded IPL 2016 auction ?
    • Nathu Singh
    • Pawan Singh Negi
    • Yuvraj Singh
    • Mohit Sharma
    1. ‘Solow’s Paradox is associated

    with a link between………


    • Technology and Labour
    • Labour and capita
    • Technology and producti­vity
    • Capital and Productivity
    1. Which of the following state­ments is incorrect about married woman’s property insurance policy ?
    • Property of married woman can be insured
    • Any life insurance policy can be converted to one by filling an addendum at the time of application
    • Divorcees can purchase one of the benefit of their children
    • Beneficiaries named once, cannot be changed
    1. No legal recource is available in case a cheque—
    • Bounced due to lack of funds
    • Bounces due to difference in signatures
    • Bounces due to overwriting
    • Issued towards a donation /gift bounces
    1. An Indian car maker recently changed the name of its newly launched car, because the name was similar to an epidemic—
    • Mahindra & Mahindra
    • Tata Motors
    • Maruti Suzuki
    • Honda Motors ■*”
    1. Bond investors always suffer a capital loss, when they purchase bonds at a and
    • Discount, hold to maturity
    • Discount, sell before matu­rity
    • Premium, hold to maturity
    • Discount, sell before matu­rity

    Answers with Hints

    1. (B) In 2015, the Contiguous United States (CONUS) average temperature was 54-4°F, 2-4°F above the 20th century average. This was the second warmest year in the 121-year period of record for the CONUS. The war­mest year on record was 2012 when the annual average tem­perature was 55-3°F.
    2. (D) 3. (D)
    3. (C) It refers to the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries, like US, whose currencies serve as global reserve currencies.
    4. (A) Cargill’s revenue was US $ 120-4 billion, Koch Industries was the second with US $ 115-0.
    5. (D) It is a multilateral currency swap arrangement among the ten members of ASEAN, China, Japan and South Korea.
    6. (A)
    7. (B) James Carville is a liberal American political consultant, commentator media personality, and pundit. He said this in the Wall Street journal in 1993, with reference to the power of the US bond market.
    8. (B) 10. (D) 11. (C) 12. (A) 13. (D)
    9. (D) The land will be owned by the Joint Venture Co. who can monetize it and rais the funds.
    10. (A) 16. (C)
    11. (B) It aims to track and rank USA’s top 1000 companies against the issued deemed most importantly by the public.
    12. (C) It does so by splitting ROE into net profit margin, operating efficiency and financial leverage.
    13. (C) It is China’s largest peer-to- peer lender similar to lending club in the USA.
    14. (A) They are shell companies set up in low or no tax jurisdictions.
    15. (A) In bull markets, the price difference between safer and riskier bond reduces. This is known as yield contraction.
    16. (A) 23. (D) 24. (B) 25. (C) 26. (B) 27. (A) 28. (C) 29. (A) 30. (A) 31. (D) 32. (A) 33. (C) 34. (D)
    17. (B) Pawan Singh Negi has been selected for the T20 World Cup Team. He is an uncapped player on the auction list. He went to the Delhi Daredevils for a staggering ? 8.5 crore.
    18. (C) It is also known as Solow’s computer paradox. It is the peculiar observation made in business process analysis—as more investment is made in information technology the worker productivity may go down instead of up.
    19. (A) It is the life insurance policy wherein the wife of the policy holder is named as the bene­ficiary.
    20. (D)
    21. (B) Tata’s ‘Zica’ as zica virus has turned into an epidemic.
    22. (C)



Structural Change

Capital expenditure (capex) in the economy will now be driven by investments in digital, broadband, telecom, power transmission and distribution space and not so much by heavy industrial projects like in the past. The structure of economy is changing. The composition of invest­ments will also change along with what is happening in the rest of the economy. After a decade the lands­cape is changing at a rapid rate for India Inc. The traditional model of subsidy funded consumption growth and crony capitalism driven capex growth in India are being ‘reset’. The RBI brings about multiple policy changes to radically increase com­petition in the Financial Services sector. Technology lowers the barriers to entry into sectors such as lending, consumer goods and auto. The three steps already taken are: increasing India’s financial savings, to “‘curb

subsidies and an attempt to attack black money and crony capitalism. These measures would lead to noti­ceable changes in the Indian eco­nomy.

The Kelkar Committee Report points out the need for genuinely independent sectoral regulators. Without such regulators taking arms- length decisions, the working of PPPs will always be excessively subject to political and bureaucratic pressure or to influence by powerful promoters. The Report also recognises that renegotiation in such projects, given their long-term horizons, may become a fact of life. However, the continued capacity deficit in administering PPPs means private interest will not be revived soon. Indian Railways is clearly pursuing off-budget fund-raising doggedly. After LIC’s ? 1-5 lakh crore, the World Bank is working on a $ 30 billion package. These will be a major boost for the railway to fund several big-ticket expansion projects, includ­ing the debottlenecking of highly congested sections of the network. Capital expenditure in 2016 is thus expected to pick up substantially.


What about agriculture ? It’s all- pervading gloom in agriculture. The farmers are under severe stress with profitability in farming falling alarm­ingly. What are the key issues in the farm sector ? We need to be aware weather is a known unknown. Agri­cultural performance has been poor since the boom of the 2003-08 phases. Agriculture will be a concern and going ahead a lot is expected from the government in terms of spending. There is an urgent need to rejuvenate agriculture and the rural economy. The focus should be on how to revive agriculture in the medium term. In the last two years, it has shown how vulnerable agriculture really is. Especially in the context of climate change, we can’t afford to neglect agriculture.

As per the first revised estimates by the Central Statistics Office (CSO), the share of Primary Sector including agriculture, livestock, forestry and fishery was 20-04 per cent of the Gross Value Added (GVA) during 2014-15 at 2011-12 prices. During Q1 FY2016, agriculture and allied sectors
grew 1.9 per cent year-on-year and contributed 14.2 per cent of GVA.

Make in India

The present Government is try­ing to push the idea of ‘Make in India’. This is a welcome move. In order to rejuvenate India’s stunted industrial progress, we need better transporta­tion, more reliable and good quality power, fewer taxes / inspections / controls / registrations and other bureaucratic nightmares, faster clearances and turnarounds at ports— the list is long. Any government which is serious about supporting Indian manufacturing will have to attend to all these issues before entrepreneurial animal spirits take over. At a minimum, businesses should not be discouraged from ‘Making in India’. Make-in-India is not going to be a medicine that can cure all our ills. Creating the enabling environment of better infrastructure and less bureaucracy is not going to happen overnight.

Micro, Small and Medium Enterprises (MSMEs)

The present regime needs to focus more on getting the MSMEs sector up. The Micro Units Develop­ment and Refinance Agency (MUDRA) credit guarantee fund is expected to guarantee over ? 1 lakh crore worth of loans to micro and small units in the first instance.

Financial Sector

Large sections of the economy, including the crucial banking sector, are in trouble. The RBI has said that the government-owned banks’ health has deteriorated. Public Sector Banks (PSBs) are waiting for the big changes to come through. The gross non­performing assets ratio was 5.1 per cent for the first half of 2015-16. That’s around ? 65,000 crore. It will deter­iorate further by the end of March 2016. Banks are loathe to fix this because of unbearable strains on their accounts. The question of non-per­forming assets (NPAs) will linger on in 2016. Commercial banks are stuck with bad loans—in several cases, they have to engage in a write-off—and the risks. Restructuring is a legitimate activity. Large corporate defaulters have taken cover under dysfunctional bankruptcy laws and procedures.