Thursday, 18 February 2016
Shortcut of the day:Qunatitative Aptitude
SHORTCUT OF THE DAY
If a train crosses
L1 m and L2 m
long brings or platform or tunnel in T1
seconds and T2 seconds
respectively , then the length of the train is { (L1 T2 –L2T1)/(T1-T2)}meters and the speed of the train is [(L1-L2)/(T1-T2)] m/sec.
Ex: A train crosses 210 metres 122 metres long bridge in 25 seconds and 17 seconds respectively
. Find the length and speed of the train.
Sol: Applying the
above theorem, we have the length of the train
(210*17-122*25)/(25-17)=
520/8= 65 m
And speed of the
train
(210-122)/(25-17)=88/8=11 m/s
Vocabulary Of The Day(FEB 18th Hindu Editorial)
TOPIC-1:Right step on savings schemes.
The 25-basis points reduction in
interest rates on short-tenure small savings schemes from April 1 may have come
as a huge disappointment for countless savers. For the middle class, especially
for millions of retired persons, these schemes are risk-free, and provide safe
parking slots for their hard-earned money. The returns these schemes offer also
help them balance their budget. Read in this light, the decision to pare the interest rates on these schemes, even if
only by a small measure, is bound to put the National Democratic Alliance
government at the Centre in an uncomfortable position vis-à-vis a crucial
component of society, the middle class, which is considered the core
constituency of the Bharatiya Janata Party. The decision, however, must be
viewed in the context of the big picture that is emerging
on the national economy. The Reserve Bank of India cut the key policy rate by a
total of 125 basis points in 2015, and it has only been partially transmitted
to end-borrowers. In fact, a little less than half of this reduction had been
passed on by banks to their clients. The problem, in a way, lies in the peculiar predicament
the banks find themselves in. It is easy to put banks on the mat for not passing
on the rate reduction to customers. Already under huge stress, they can do so
only if they could correspondingly cut their deposit rates. But there is a
catch here. The deposit mobilisation exercise of banks often encounters
competition from these small savings schemes. By reducing the interest rates on
short-term savings schemes, the government has sought
to erase the ‘return advantage’ they currently enjoy over similar-tenure
government securities. Indeed, it has set the stage for a uniform interest rate
regime — at least from a short-term perspective — and cleared a major roadblock for banks in cutting their deposit
rates, and eventually the lending rates as well. Viewed from this perspective,
the move is a welcome one.
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