[Interview/General Awareness/SBIPO/RBI] - Short Charticle on Social Security Schemes by Modi Government

PM Modi recently launched three ambitious social security schemes, relating to insurance and pension sector and intended at widening the process of financial inclusion.

The schemes are :

1) PM Suraksha Bima Yojana (Accidental Insurance)
2) PM Jeevan Jyoti Yojana (Life Insurance)
3) Atal Pension Yojana

These schemes were already announced in the budget.

Pradhan Mantri Suraksha Bima Yojana

[Quantitative Aptitude/SBIPO/SSC/CLAT/Placement Drives] - Percentages Tricks

Actually I should have started with this topic only as the concepts from this topic are heavily used in subsequent topics. It also plays a pivotal role in solving Data Interpretation questions.

I won't cover the basics further.Read them from some book and solve some questions.

To convert a fraction/ratio into percentage we multiply it by hundred.

1/2 = 1/2*100 =50 %

To solve percentage questions one must remember some factors as percentages.This is done to make calculations simple.

Explanation: If there is a increase or decrease by a fraction. Let Denominator be the base(original value) and numerator be increase/decrease.Obtain the new value by adding/subtracting the numerator to denominator as per the question.

Next step is to find the Multiplication factor between the Denominator and value given in the question. In this case it is 4 as 7*4=28.Multiply the same factor to the new value obtained and you get the increased/decreased final value.Here 8(New value) * 4 = 32 Ans.

[Quantitative Aptitude/SBIPO/SSC/Placement Drives] - Time and Work

Well this is the easiest chapter to start with and one can easily attempt questions without using Paper-Pen.

The approach to solve questions revolves around finding work done per unit time i.e. work done in 1 day or 1 year or 1 hour.It depends upon the time unit given in the question.

For e.g.

Q. PM Modi visits 54 countries in 3 years. How many countries will he visit in 5 years ?

In this question year is the unit of time.

3 years -------------- 54  countries
1 year  -------------- 54/3 = 18 countries (Efficiency) 

Once we have this number 18 we can easily find that in 5 years he can visit 18*5 = 90 Countries

Secondly, Efficiency is inversely proportional to time

i.e. if Modi is thrice efficient than Manmohan it means that to do a piece of work Manmohan takes thrice as much time as Modi.