Tuesday, April 4, 2017
If Nothing is happening good, keep patience something will happen better": Chandra kant jha (PNB clerk 2017)- 18
"If Nothing is happening good, keep patience something will happen better": Chandra kant jha (PNB clerk 2017)- 18
EDITORIAL OF THE DAY FROM BUISINESS STANDARD
There is a lot of buzz around ‘Digital India’ these days. Are we, in your view, ready to move towards a digital economy?
India has no choice but to be ready to be a digital economy. Digital India has to be the way for the future. There are three aspects to understanding what a digital economy means. The first one is readiness: How prepared we are for the digital economy. This includes issues of infrastructure – does the infrastructure actually exist, and do people have the correct skills to use computers and the internet?
Then second aspect is ‘usage’, which revolves around how people use digital technologies and to what extent. Some of the questions involved here are whether computers are available for children in schools? Do small businesses have access to digital technology? And to what extent do large businesses use such technologies?
The third, and the most important, aspect is ‘impact’. We need to look at the actual outcome of the access to and usage of such technologies. For example, if you have technology (computers) in schools, does it actually mean children have better learning outcomes? Or, are children better prepared when they actually graduate? Does it translate into greater business competitiveness?
If you think of Digital India in terms of readiness, usage and impact, you start understanding that you have to work on all these dimensions for key stakeholders — private citizens, businesses and the government. All these three stakeholders should be working on all the three dimensions — readiness, usage and impact.
What is the current technology landscape in the country and is it enough to move towards a digital economy?
On the technology side, despite making progress, clearly we are not at the leading edge. We have to make progress in most areas. By progress, I don’t only mean hardware or software but also the people. People do not have the education and basic skills to use digital technology. Therefore, it is very important to be able to invest in hardware, software and people.
There is a lot of progress that has been made. We are in a much better position than we were 10 years ago. However, what is the benchmark? Is it where India was 10 years ago or is it where China and other leading countries like Finland or Estonia are today?
If we look at the leading benchmark, we are still lagging. However, we appear to be making a swift progress.
Is there a blueprint which the government could use to catch up in the areas that need attention and improvement? How can we compete with the leading countries?
There is a report which I produced in collaboration with the World Economic Forum, ‘The Global Information Technology Report’. In this report, we have a whole model called the ‘networked readiness index’ that actually provides a framework for formulating the technology policy for a country.
The technology policy of a country cannot be limited to the sale of spectrum or issues related to bandwidth. Instead, it must look at the political and social environment, skills possessed by the common people, and the whole issue of impact.
In fact, I have created similar frameworks for some governments using research based on the networked readiness index. I think that would be a good framework for India to follow.
Is the Indian government using any such framework to fast-track digitisation?
Of course, India was one of the first countries to have a ministry of information technology. A lot of good progress has been made. However, technology alone is not the outcome. Instead, the outcome should be the impact.
There is a dark side to technology as well — security. How ready are we to address such issues?
Security and privacy are very difficult issues. There are no good solutions to them anywhere in the world. This is because of the way technology is developing. You have to have this balance between security, trust, privacy and access.
Certainly, in an environment where national security has been the top priority, many governments have found good reasons to actually control and increase that dominance on security elements.
If you look at the literature before this focus on national security began, the general view centred around increasing the set of tools the people would have at their disposal. The general theory was that people would have more control over their own privacy.
In reality, in the past 10 years, the theory has been turned on its head. People are losing control of their privacy and the kind of tools people thought they would have for their privacy are actually broken into routinely, often by governments. There are many cases where governments around the world routinely ask account providers and application providers to release data for national security purposes.
Therefore, the view that we initially had of the internet – that people would be able to access all information freely and that they would have more control over their privacy, is in fact moving in the other direction. In truth, people are losing access and they do not have complete freedom and access to information.
If we take Aadhaar for an example with regard to security and privacy, do you think it is a step forward? Also, do you think Aadhaar is safe?
Aadhaar is definitely a move forward; there is no question about that. You need it to help provide efficient government services. Leaving aside any privacy and security concerns for a moment, India is a country that needs to have efficient government services. Without Aadhaar, it would be very difficult to put in place many basic services. It would also make it more difficult to digitise government services, and allow the providers to interact with citizens. Otherwise, there are all kinds of frauds and corruption in the system.
Aadhaar is a necessity and a positive thing. That is one reason why the Narendra Modi government has retained it. However, safety is an important issue; cyber threats are widespread. In principle, everything can be hacked. There is a huge issue of safety of records of financial transactions, medical transactions and other personal data that are on the web. I hope the government is taking the best precautions possible to try and safeguard security.
There is always a risk in technology. The benefits of Aadhaar far outweigh the risks in my view.
The core technology used in Aadhaar is to identify individuals based on their biometrics and retina scans. These are identities unique to every individual. While debit or credit cards can be replaced and passwords reset, how will you weigh the risk of putting unique identity of the citizens – biometrics and retina – out there for people to gain access to?
The biometric safeguards are becoming increasingly common. Increasingly, biometric information is being used in higher security applications. So, there is indeed a risk and there is no question about that. But the question here is what sort of a balance is there between risk and benefits.
QUIZ ON APPROXIMATION FOR SBI PO 2017
Q1. What is the difference between the largest and the smallest fraction 5/8,21/35,9/16 and 6/7 ?
(a) 33/112
(b) 11/37
(c) 13/41
(d) 9/35
(e) None of these
Q2. When one-fourth of a number is subtracted from one-third of the same number, the remainder obtained is 12. The number is:
(a) 144
(b) 72
(c) 120
(d) 63
(e) None of these
Q3. (1.06+0.04)^2- ?=4×1.06×0.04:
(a) 1.0404
(b) 1.404
(c) 1.5
(d) Cannot be determined
(e) None of these
Q4. Which of the following fractions is less than 7/8 and greater than 1/3?
(a) 1/4
(b) 23/24
(c) 11/12
(d) 17/24
(e) 13/14
Directions (6-10): What should come in place of question mark (?) in the following given questions? (Note: You need not to calculate the exact value.)
Q6. (8.036÷1.986×2.99) = 5.896×?
(a) 2
(b) 3
(c) 4
(d) 5
(e) 6
Q9. (124.76% of 839) ÷ 15.02 = ?
(a) 80
(b) 70
(c) 90
(d) 60
(e) 40
Q10. 84.85 × 12.02 + √48.88 × 16.06 = 283 × √?
(a) 4
(b) 5
(c) 9
(d) 10
(e) 16
Directions (11-15): What approximate value will come in the place of the question mark (?) in the following questions? (You are not expected to calculate the exact value.)
Q11. 7441 ÷ 34 × 12 = ? × 9 + 110
(a) 420
(b) 280
(c) 590
(d) 350
(e) 220
Ans
RBI TO INTRODUCE RS. 200 NOTES
RBI to introduce Rs. 200 notes
The move to introduce lower denomination notes comes against the backdrop of the government’s move to rework the currency mix. On 8 November, it announced the withdrawal of Rs500 and Rs1,000 currency notes, amounting to around 86% of currency in circulation of Rs17.9 trillion.Since then, RBI has replaced these with the new Rs2,000 and redesigned Rs500 bank notes. As on 24 March, currency in circulation was Rs13.12 trillion, still around 27% off pre-demonetization levels. The government is encouraging digital payments and may not increase currency in circulation to the pre-demonetization level.
Note : Last month RBI also started field trials of plastic notes of Rs 10 as plastic notes are expected to last longer than cotton substrate based banknotes.
SUCCESS STORY OF MR. ASHISH TAYDE CANARA BANK PO ("Kabhi Khushi Kabhi Gum!!!".)
Banking exam preparation is like "Kabhi Khushi Kabhi Gum!!!".
ASHISH TAYADE (Canara Bank PO)
MY NAME IS ASHISH TAYADE aka Hell_Mate in Disqus. I m a silent reader of Bankersadda.
MY RESULTS
SBI Junior Associate Pre CLEARED
SBI Junior Associate Mains FAILED
SBI PO Pre FAILED
Bank of Baroda PGDBF CLEARED (FAILED in Interview)
RBI Assistant Pre FAILED
CWC Jr. Superintend FAILED
IBPS PO Pre CLEARED (scored 47)
IBPS PO Mains CLEARED (scored 67.75)
AND THE BEST ONE ....
IBPS PO 2015-16 SELECTED AND GOT CANARA BANK.
Everyone has a different strategy for competitive exam preparation and here I am sharing my strategy. I kept it simple. I had started my PO preparation in January 2016 and my main target was SBI PO in which I failed miserably. I couldn't able to clear SBI PO Pre in which i had scored 31 only. It was the must needed jolt for me that gave me the reality check.
It was time to rebuilt my strategy. The main flaw in my preparation was inconsistency. I again started from the beginning but this time quiet hatke strategy as I am a big fan of cricket and MSD, I molded my PO preparation in somewhat cricketing way. The way cricketers do a net practice everyday I used to practice Quantitative Apptitude and Puzzles everyday and for English and GA, I used to read The Hindu everyday. The way batters knock their bat before match I used to revised the important formulas and concepts one day before the exam. And this strategy worked for me and I cleared BoB PGDBF though I was not in the final selected candidates but it gave me an immense confidence. But then as in cricket every venue has a different conditions and you have to adapt according to that similar in case of PO exams where each exam these days giving aspirants new surprises. One may fail or clear the exam but then what is most important to survive in this world of cut-throat competition is the daily "NET PRACTICE" I mean practice everyday as per the convenient schedule. Don't ever give up and "NEVER EVER STOP BELIEVING IN YOURSELF". And maintain a good friends circle those who can support you in tough time.
During preparation i had never missed a single match played by "Team India", why I am telling this because during preparation don't sacrifice the things that makes you happy it ultimately helps your mind to stay alert and fresh.
And now that I got selected as a PO, from past few days I am receiving calls from the relatives and friends and they say "HELLO SAHEB !!!!"...it's priceless.
Note: If you want to score good marks in General Awareness, special capsules by BankersAdda are must must must.
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