10 Oct
IPCI Info

Computer Abbreviations

ALGOL –Algorithm language
ALU – Arithmetic Logic Unit
AMD – Advanced Micro Devices
ANSI– American National Standards Institute
APCI– Application Layer Protocol Control Information
ASCII – American Standard Code for Information Interchange
ASP– Active Server pages/ Application Service Provider
AVC –Advance Video Coding
BAL -Basic Assembly Language
BASIC – Beginner’s All-purpose Symbolic Instruction Code
BIOS – Basic Input- Output System
CAD -Computer Aided Design
CAE- Computer Aided Engineering
CD – Compact Disc.
CDMA– Code Division Multiple Access.
COBOL – Common Business Oriented Language
CD – Compact Disc
CDROM – Compact Disc Read Only Memory
CDRW – Compact Disc Rewritable
CPU- Central Processing Unit
DB – Database
DBA – Data Base Administrator
DBMS – Data Base Management System
DDR – Double Data Rate
DMS – Direct Memory Access
DNS – Domain Name System
DRAM – Dynamic Random Access Memory
DVD – Digital Video Disc/Digital Versatile Disc
DVDR – DVD Recordable
DVDROM – DVD Read Only Memory
DVDRW – DVD Rewritable
DVI – Digital Visual Interface
DVR – Digital Video Recorder
EPROM-Erasable Programmable Read-Only Memory

10 Oct
IPCI Info

Cheque Truncation System(CTS)

Cheque Truncation truncation is the process of stopping the flow of the physical cheque. In its place an electronic image of the cheque is transmitted to the paying branch through the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc.

Benefits of Cheque Truncation:
It speeds up the process of collection of cheques resulting in better service to customers,
reduces the scope of loss of instruments in transit,
lowers the cost of collection of cheques, and
Removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.
CTS 2010 is a cheque truncation system, an image-bound method, for faster clearing of cheques. Truncation means conversion of a physical cheque into electronic form. As per RBI guideline, all banks providing cheque facility to their customers have been advised to issue only ‘CTS-2010’ standard cheques.

10 Oct
IPCI Info

Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS), a real-time funds transfer mechanism, developed by National Payment Corporation of India. It offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc. This facility is provided by NPCI through its existing National Financial Switch (NFS).

Objective of IMPS:
• To enable bank customers to use mobile instruments as a channel for accessing their banks accounts and remit funds
• Making payment simpler just with the mobile number of the beneficiary
• To sub-serve the goal of RBI in electronification of retail payments
• To build the foundation for a full range of mobile based Banking services.

Participants in the transaction:
• Remitter (Sender)
• Beneficiary (Receiver)
• Banks
• National Financial Switch – NPCI

Procedure of fund transfer through IMPS:
Registration for Remitter:

Remitter is required to register for mobile banking service with his/her bank and obtain Mobile Money Identifier (MMID) and MPIN from the bank. Download Software (Application) for mobile banking (ensuring compatibility of mobile with the application) or using the SMS facility in the mobile if bank provides IMPS on SMS.
Note: Mobile Money Identification Number (MMID) is a seven digit number of which the first four digits are the unique identification number of the bank offering IMPS.
Registration for Beneficiary:
Beneficiary has to link his/her mobile number to the account in the respective bank and obtain MMID from the bank. There is no need to register for mobile banking service.

Services available under IMPS:
1. Funds Transfer and Remittances: Sending Money and Receiving Money
2. Merchant Payments
• Grocery bills
• Travel & Ticketing
• Credit Card bills
• Utility bills
• Online shopping
• School & College fees
• Mobile top ups & DTH recharge

Benefits of IMPS:
• Instant
• Available 24 x7 (functional even on holidays)
• Safe and secure, easily accessible and cost effective
• Channel Independent can be initiated from Mobile/ Internet / ATM channels
• Debit & Credit Confirmation by SMS

Advantage of IMPS over NEFT and RTGS: No other fund transfer mechanism can match IMPS in terms of swiftness when it comes to remittance and merchant payments.

• IMPS is instant fund transfer, in ideal scenario transaction will be completed in 15-20 seconds i.e. beneficiary will receive the amount in 20 seconds.
• There is no holiday for IMPS like NEFT and RTGS.
• IMPS works 365 days and 24×7.
• Both the remitter as well as Beneficiary will receive the SMS i.e remitter will receive SMS on debit to his account and beneficiary will receive SMS on credit to his account.

Who all are offering IMPS ?

Banks and non-bank entities authorized by RBI are offering IMPS to the customers across India. Pre-Paid instruments Issuer such as Oxigen, GI Tech , Airtel Money, ITZ Cash, UAE Exchange, mRupee & M-Pesa etc are providing IMPS services.

10 Oct
IPCI Info

Bank Punch line

Bank ——————–Punch line
Allahabad Bank———–A Tradition of Trust
Andhra Bank————–Much more to do, with YOU in focus
Bank of Baroda———–India’s International Bank
Bank of India————Relationship beyond Banking
Bank of Maharashtra——One Family, One Bank
Canara Bank of India—–Together we can
Central Bank of India—-Build A Better Life Around US
Corporation Bank———Sarve Jahan Sukhino Bhavantu (Prosperity for all)
Dena bank—————-Trusted family bank
IDBI Bank—————-Aao soche bada
Indian Bank————–Taking banking technology to the common man
Indian Overseas Bank—–Good people to grow with
Oriental Bank of Commerce-Where every individual is committed
Punjab and Sind bank——Where service is a way of life
Punjab national Bank——A name you can bank upon
Syndicate Bank————Your faithful & friendly financial partner
State Bank of India——-Pure Banking Nothing Else
Union Bank of India——-Good people to bank with
United Bank of India——The bank that begin with ‘U’
UCO Bank——————Honours yours trust
Vijaya Bank—————A friend you can bank upon
Bharatiya Mahila Bank —-Empowering women Empowering India

10 Oct
IPCI Info

Tunisian group wins Nobel Peace Prize

NobelpaceThe prize was awarded “for its decisive contribution to the building of a pluralistic democracy in Tunisia in the wake of the Jasmine Revolution of 2011”.The 2015 Nobel Peace Prize went to the National Dialogue Quartet in Tunisia.

The National Dialogue Quartet consists of four organisations in Tunisian civil society – the Tunisian General Labour Union (UGTT, Union Générale Tunisienne du Travail), the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA, Union Tunisienne de l’Industrie, du Commerce et de l’Artisanat), the Tunisian Human Rights League (LTDH, La Ligue Tunisienne pour la Défense des Droits de l’Homme), and the Tunisian Order of Lawyers (Ordre National des Avocats de Tunisie)

After the Arab Spring in Tunisia in 2010-2011, the Quartet paved the way for a peaceful dialogue between the citizens.

LIST NOBEL PRIZE WINNERS, 2015:
Peace:National Dialogue Quartet
Literature: Svetlana Alexievich
Physiology or Medicine: William C. Campbell, Satoshi Omura, Youyou Tu, Paul Modrich
Physics: Arthur McDonald, Takaaki Kajita.
Chemistry: Tomas Lindahl, Aziz Sancar

09 Oct
IPCI Info

BRICS

The seventh BRICS (Brazil, Russia, India, China and South Africa) summit was held from 8 to 9 July 2015 in the Russian city of Ufa in Bashkortostan. It was held under the theme BRICS Partnership – a Powerful Factor of Global Development. The seventh BRICS (Brazil, Russia, India, China and South Africa) summit was held from 8 to 9 July 2015 in the Russian city of Ufa in Bashkortostan. It was held under the theme BRICS Partnership – a Powerful Factor of Global Development.

The summit was attended by the Prime Minister Narendra Modi and Dilma Rousseff, Vladimir Putin, Xi Jinping and Jacob Zuma president of Brazil, Russia, China and South Africa respectively.

At the end of the summit, Ufa Declaration was released by the leaders that called for enhanced coordinated efforts in responding to emerging challenges, ensuring peace and security, promoting development in a sustainable way among the member countries.

Besides the BRICS summit level meeting, the leaders held a summit with the members of Shanghai Cooperation Organisation (SCO) and the Eurasian Economic Union (EEU).

In a five-year summit cycle, the summit is hosted by Brazil, Russia, India, China and South Africa in the order. While the 6th BRICS summit was held at Fortaleza in Brazil in 2014, New Delhi will be hosting the 8th summit in 2016.

Head of BRICS (Brazil, Russia, India, China and South Africa) nations on 9 July 2015 released the Ufa Declaration. The declaration was released after the 7th BRICS summit held in the Russian city of Ufa in Bashkortostan from 8 to 9 July 2015. 7th BRICS Summit was held under the theme ‘BRICS Partnership – a Powerful Factor of Global Development’.

The Ufa declaration saw the support for India to host the Eighth BRICS Summit in 2016.

Main highlights

  • Ufa declaration saw the resolve of the BRICS nations to step coordinated efforts in responding to emerging challenges, ensuring peace and security, promoting development in a sustainable way.
  • Highlighting the need to reform UN Security Council (UNSC), China and Russia supported Brazil, India and South Africa aspiration to play a greater role in the UN
  • Expressing the disappointment over United States failure to ratifyIMF 2010 reform package,the BRICS nations called the US to ratify it by mid-September 2015. The IMF 2010 reform package called for increase in the institution’s quota resources and the revision of quotas and voting power in favour of developing countries and emerging markets.
  • Welcoming Kenya’s hosting of the10th WTO Ministerial Conference (MC10)in Nairobi on 15-18 December 2015, the member nations for working together to strengthen an open, transparent, non-discriminatory, and rules-based multilateral trading system as embodied in the WTO.
  • In the economic sphere, BRICS nations expressed support for the development of action-oriented economic cooperation and systematic strengthening of economic partnership for the recovery of global economy and resisting protectionism.
  • BRICS financial institutions, viz.,Contingent Reserve Arrangement (CRA), New Development Bank (NDB)that was established during 6th BRICS Summit at Fortaleza was ratified
  • BRICS Inter-Central Bank Agreementthat sets technical parameters of operations within the BRICS CRA was signed.
  • Adoption of Strategy for theBRICS Economic Partnershipto foster trade, economic and investment cooperation between BRICS nations. In this regard, the ministers/sherpas were asked to develop a roadmap for the period until 2020.
  • Looking forward to the sixth session of theConference of State Parties to the UN Convention against Corruption (UNCAC)to be held in St. Petersburg in November 2015, the BRICS members decided to create a BRICS Working Group on Anti-Corruption Cooperation.
  • MoU on the Creation of theJoint BRICS Websiteamong our Foreign Ministries was signed 
  • Recognising the urgent need to further strengthen cooperation in the areas of Information, Communication and Technology (ICTs), BRICS nations decided to constitute aBRICS working group on ICT cooperation.
  • First meeting of the BRICS Ministers of Labour and Employment will be held in February 2016, which will focus on the creation of decent jobs and information sharing on labour and employment issues.

10 Steps for the Future proposed by PM Narendra Modi for BRICS countries:

Prime Minister Narendra Modi on 9 July 2015 proposed a 10 point initiative named as ‘Dus Kadam: 10 Steps for the Future’ to boost cooperation within the members of the BRICS (Brazil, Russia, India, China and South Africa). He proposed the initiative while addressing the 7th BRICS summit in Ufa, Russia.

The 10 steps of the proposed Dus Kadam are: 

1.BRICS Trade Fair (to be held during India’s chairmanship in 2016).

2.BRICS Railway Research Centre.

3.Cooperation among Supreme Audit Institutions.

4.BRICS Digital Initiative.

5.BRICS Agricultural Research Centre.

6.BRICS state/Local Government’s Forum.

7.Cooperation among cities in field of Urbanisation.

8.BRICS Sports Council and Annual BRICS Sports Meet.

9.First Major Project of NDB to be in field of Clean Energy.

10.BRICS Film Festival.

India will be hosting the Eighth BRICS Summit in 2016.

09 Oct
IPCI Info

Protect Cultural Heritage

The United Nations Educational, Scientific and Cultural Organization (UNESCO) and the UN Institute for Training and Research (UNITAR) signed an agreement to protect cultural heritage sites with the latest geo-spatial technologies. The agreement was signed at the annual meeting of the World Heritage Committee in Bonn, Germany.

  • Features of the AgreementIt is part of the UNESCO’s Unite for Heritage framework under which UNESCO enters into agreements with sister UN Agencies to protect cultural heritage sites across the world.
  • It will enable both the organizations to work together during conflict situations and following natural disasters by sharing their respective expertise and collaborating on prevention and capacity development.
  • Under the agreement, complimentary capacities of both the organizations-satellite technology of UNITAR and ground based resources of UNESCO – will be put into best use for protection of heritage sites.
  • Apart from the Geographic Information Systems (GIS), crowd-sourcing application UN-ASIGN, unmanned aerial vehicles (UAVs) and advanced web-mapping solutions will be deployed to continuously monitor the status of heritage sites.
  • Both the organizations will jointly explore new and innovative solutions that can further contribute to improved management and protection of cultural heritage sites.
  • The agreement will be operational through the UNITAR’s Operational Satellite Applications Programme (UNOSAT).

Satellite imagery is often the only source of objective information for areas affected by conflict or by natural disasters.  It helps the international community to understand the situation on the ground and plan emergency measures.  For example, a recently-published report on cultural heritage sites in Syria, by UNITAR-UNOSAT revealed the extent of damage to cultural heritage, confirming information obtained through unofficial sources.

The agreement between both the UN organizations was signed against the backdrop of damage occurred to cultural heritage sites due to conflicts and natural calamities in different parts of the world in recent times. For example, the earthquake that struck Nepal on 25 April 2015 destroyed the 19th century Dharahara (Bhimsen) tower and Monkey Temple of Swayambhunath that happens to be UNESCO heritage sites. Similarly, damage was done to world heritage sites in Syria and Iraq by the ISIS militant group.

09 Oct
IPCI Info

DeitY

Prime Minister launched Digital India Week to spread awareness about Digital India Programme.

The Department of Electronics & Information Technology (DeitY) is the nodal agency for implementing the Digital India Programme in close cooperation with other departments and ministries.

Digital India has been envisioned as an ambitious umbrella programme to transform India into a digitally empowered society and knowledge economy.

In order achieve the above objectives, several projects/products were already launched by the Union Government and Public Sector Enterprises or ready to be launched as indicated below:

  • Digital Locker System aims to minimize the usage of physical documents and enable sharing of e-documents across agencies. The sharing of the e-documents will be done through registered repositories thereby ensuring the authenticity of the documents online, says the government.
  • in has been implemented as a platform for citizen engagement in governance, through a “Discuss”, “Do” and “Disseminate” approach.The mobile app for MyGov would bring these features to users on a mobile phone.
  • Swachh Bharat Mission (SBM) Mobile app would be used by people and Government organizations for achieving the goals of Swachh Bharat Mission.
  • eSign framework would allow citizens to digitally sign a document online using Aadhaar authentication.
  • The Online Registration System (ORS) under the eHospital application has been introduced. This application provides important services such as online registration, payment of fees and appointment, online diagnostic reports, enquiring availability of blood online etc, the government claims.
  • National Scholarships Portal is said to be a one stop solution for end to end scholarship process right from submission of student application, verification, sanction and disbursal to end beneficiary for all the scholarships provided by the Government of India.
  • Digitize India Platform (DIP) for large scale digitization of records in the country that would facilitate efficient delivery of services to the citizens.
  • Bharat Net, a high speed digital highway to connect all 2.5 lakh Gram Panchayats of country. This would be the world’s largest rural broadband connectivity project using optical fibre.
  • Policy initiatives have also been undertaken by in the e-Governance domain likee-Kranti Framework, Policy on Adoption of Open Source Software for Government of India, Framework for Adoption of Open Source Software in e-Governance Systems,
  • Policy on Open Application Programming Interfaces (APIs) for Government of India, E-mail Policy of Government of India, Policy on Use of IT Resources of Government of India, Policy on Collaborative Application Development by Opening the Source Code of Government Applications, Application Development & Re-Engineering Guidelines for Cloud Ready Applications
  • BSNL has introducedNext Generation Network (NGN), to replace 30 year old exchanges, which is an IP based technology to manage all types of services like voice, data, multimedia/ video and other types of packet switched communication services.
  • BSNL has undertaken large scale deployment of Wi-Fi hotspots throughout the country. The user can latch on the BSNL Wi-Fi network through their mobile devices.
  • BPO Policy has been approved to create BPO centres in different North Eastern states and also in smaller/mofussil towns of other states.
  • Electronics Development Fund (EDF) Policy aims to promote Innovation, R&D, and Product Development and to create a resource pool of IP within the country to create a self-sustaining eco-system of Venture Funds.
  • National Centre for Flexible Electronics (NCFlexE) is an initiative of Government of India to promote research and innovation in the emerging area of Flexible Electronics.
  • Centre of Excellence on Internet on Things (IoT) is a joint initiative of Department of Electronics & Information Technology (DeitY), ERNET and NASSCOM.
09 Oct
IPCI Info

Ratio Age and Partnership Set-1

Q1. The ratio of monthly salaries of two persons, A and B is 8:7. If the salary of A is increased by 20% and that of B by 11%, the new ratio becomes 96 : 77. What is A’s Salary?
1) Rs.800
2)Rs.700
3)Rs.750
4)Cant be determined
5)None of these

Q2.Three persons A, B and C start a business with Rs.12800, Rs.16800 and Rs.9600 respectively. At the end of the year, B received Rs.13,125 as share in total profit. What is the share of  C in the profit?
1) Rs.7850
2)Rs.7550
3)Rs.7500
4)Rs.8500
5) None of these

Q3. The ratio of the number of boys to that of girls in a school is 9:7.  If the number of boys increases by 40% and that of girls by 20%, what will be the new ratio of boys to girls?
1)3:2
2)2:3
3)4:3
4)3:4
5) None of these

Q4. The ratio of the present ages of A to B is 2:3. Four years hence, the ratio of their ages will be 5:7. What is the present age of A?
1)24 years
2)20 years
3)21 years
4) 16 years
5) None of these.

Q5. The total number of Students in a college is 3906. The number of girls is 1638. What is the ratio of boys to girls in the college?
1)  18:13
2) 13:18
3)13:19
4)19:13
5) None of these.

Q6. The Total number of students in a school is 31700.  If the ratio of boys to the girls in the school is 743:842 respectively, what is the total number of girls in the school?
1)14860
2)16480
3)15340
4) Can’t be determined
5) None of these

Q7. The ratio between Gloria’s and Sara’s present ages is 4:7 respectively; Two years ago the ratio between their ages was 1:2 respectively. What will be the Sara’s age three years hence?
1)17 years
2) 14 years
3) 11 years
4) 8 years
5) None of these

Q8. The average age of a woman and her daughter is 19 years.  The ratio of their ages is 16:3.  What is the age of the daughter?
1)9 years
2)3 years
3)12 years
4)6 years
5) None of these.

Q9. In an examination it is required to get 65% of the aggregate marks to pass.  A student gets 847 marks and is declared failed by 10% marks.  What is the maximum aggregate marks a student can get?
1) 1450
2)1640
3)1500
4)Can’t be determined
5) None of these

Q10. Amits present age is three times Pratibha’s present age and nine-thirteenths of his father’s present age. The sum of the present age of all them is 150 years. What is the difference between Pratibha’s present age and Amit’s Father’s present age?
1)56 years
2) 64 years
3) 60 years
4) Can’t be determined
5) None of these

09 Oct
Current Affairs

Memorable Points Current Affairs

  • Winner of three Wimbledon titles in a day, who died at the age of 89– Doris Hart
  • Person who was sworn-in as 19th Governor of Arunachal Pradesh – Jyoti Prasad Rajkhowa
  • Former cricketers who were inducted into the BCCI’s newly-constituted cricket advisory committee – Sachin Tendulkar, Sourav Ganguly and VVS Laxman
  • Football club Copa del Rey also known as Spanish King’s Cup by defeating Athletic Bilbao – Barcelona
  • Person who was appointed as the new Chancellor of the Nalanda University, Bihar– George Yeo, the former Foreign Minister of Singapore
  • The women, who was designated as the new President of the Indian Ocean island nation, Mauritius by its government– Ameenah Gurib-Fakim
  • India and Sweden signed 6 agreements to boost ties and restart the bilateral strategic dialogue in presence of– President Pranab Mukherjee, who was on a state visit to Sweden
  • One of the founders of India’s Information Technology (IT) industry and chairman of Hinditron Group who died – Hemant Sonawala
  • 92 year 65 days old cancer survivor, who became the oldest woman to finish a marathon at San Diego’s Rock ‘n’ Roll Marathon of 26.2 miles (42.2 kilometers)– Harriette Thompson
  • President of FIFA who resigned amid the corruption scandal that has engulfed the football’s governing body– Sepp Blatter
  • To attract investment of 1 lakh crore rupees Maharashtra Cabinet approved– a Composite Renewable Energy Policy worth 4156.43 crore rupees
  • Scientists claimed that some female members of a critically endangered species of sawfish are reproducing in the wild without sex, that is, by– Parthenogenesis
  • US President Barack Obama signed the USA FREEDOM Act 2015 in law for Uniting and Strengthening America by– Fulfilling Rights and Ensuring Effective Discipline Over Monitoring Act of 2015.
  • The former cricket captain of Indian team, who was re-appointed as the Director of Indian cricket team for the Bangladesh tour– Ravi Shastri
  • Sixth city in the country to have metro services; other cities are Delhi, Gurgaon, Mumbai, Bangalore, and Kolkata is– Jaipur  
  • Indian shot putter who won gold medal in men’s shot put event in the 21st Asian Athletics Championships– Inderjeet Singh
  • India and Belarus inked six agreements to boost ties and relationship based on – friendship and mutual benefit
  • Jharkhand Cabinet approved Jharkhand Special Courts Ordinance, 2015 to make Jharkhand– rid of corruption
  • Person who for his contribution towards the development of athletics in Asian continent was was conferred with the Asian Athletics Association (AAA) President’s award – Suresh Kalmadi
  • World Bank Board approved $250 Million support to Jammu and Kashmir for– Jhelum and Tawi Flood Recovery Project
  • Name the legendary Telugu writer who died in Hyderabad after a brief illness– Dasaradhi Rangacharya
  • Name the Cyclonic storm that was developed over the Arabian Sea – ASHOBAA
  • Three districts of Haryana and Uttar Pradesh that were included in National Capital Region are– Jind, Karnal and Muzaffarnagar
  • ICICI Bank, India’s largest private sector bank, appointed a person as the non-executive chairman for a period of five years is– Mahendra Kumar Sharma
  • City that who’s Municipal Corporation (AMC) announced USE and GET PAID scheme, under which people will be paid one rupees for using public toilets– Ahmadabad
  • Person who was conferred with the prestigious 14th Sant Namdev National Award 2015 at a function in Pune, Maharashtra– Punjab Chief Minister Parkash Singh Badal
  • Former Indian cricketer who died after a prolonged illness at his residence in Pune, Maharashtra– Hemant Kanitkar
  • Delhi Jal Board vice-chairman who was named as the new Law Minister of Delhi– Kapil Mishra
  • Researchers discovered a trio of mud statuettes inside a reed basket in a building, an important archaeological site, in the ancient city of Vichama in northern Peru is believed to be created about 3800 years ago by– the ancient Caral civilization.
  • HDFC Bank launched a mobile app as a complete digital payment and purchase solution–PayZapp
  • The United Nations (UN) envoy in Burundi crisis, who stepped down from his role as mediator of the crisis after being accused of being biased– Said Djinnit
  • Union Government scrapped customs import duties for drugs and test kits used to treat– AIDS
  • Four Indian languages included in the books of Roads and Transport Authority (RTA) of UAE which can be chosen while appearing for driving tests here in the UAE from September 2015 includes– Hindi, Malayalam, Tamil and Bengali
  • Cricketer who became the ninth all-time highest Test wicket-takers by claiming 416 wickets in 102 matches is– Indian off-spin cricketer Harbhajan Singh
  • Person elected as the President of United Nations General Assembly’s 70th session– Mogens Lykketoft of Denmark
  • China unveiled 800-year-old Buddha statue (Qianshou Guanyin) famous for its 1000 hands in– Dazu County in Sichun province
  • First Indian footballer to score 50 international goals – Sunil Chhetri
  • India’s first 100 percent visually-challenged person to be inducted into the Indian Foreign Services (IFS) is– Beno Zephine