General Knowledge

Top 10 Credit Rating

Agency in India

.

A list of top 10 credit rating agencies in India; these are the best companies in credit rating industry providing risk assessment, rating and analytic solutions. Ranking process of these credit rating agencies in India is frequently being updated by our expert team.

1.     Crisil Limited

Corporate office: - Mumbai, Maharashtra

Establishment: - 1987

2.     Credit information Bureau India Limited- (CIBIL)

Corporate office: - Mumbai, Maharashtra

Establishment:-2000

3.     Fitch Ratings India Private Ltd.

Corporate Office: - New York, USA

Establishment:- 1913

4.     Equifax

Corporate Office:- Atlanta, United States

Establishment:- 1899

5.     Credit Analysis & Research Ltd. (CARE)

Corporate Office: - Mumbai, Maharashtra

Establishment: - 1993

6.     ICRA Limited

Corporate Office: - Gurgaon, Haryana

Establishment: - 1991

7.     ONICRA

Corporate Office:- Gurgaon, Haryana

Establishment:- 1993

8.     High Mark Credit information Services

Corporate Office:- Mumbai, Mahatashtra

Establishment:- 2005

9.     SME Rating of agency of India Ltd. (SMERA)

Corporate Office:- Mumbai, Mahatashtra

Establishment:- 2005

10.  Brickwork Rating India Pvt. Ltd.

 Corporate Office:- Bengluru, Karnataka

 Establishment:- 2007

SSC CGL 2015:- ECONOMICS

                                                                    Planning

 Historical Background

·         The credit for concretizing ideas on national planning goes to Sri M. Visvesvaraya, the visionary engineer and statesman of Mysore who published his Planned Economy for India in 1934, which was a blueprint for a ten year programme of planned economic development for India.

·         Indian National congress in 1938 made a National Planning Commission Chaired by Pt. Jawaharlal Nehru.

·         In 1944, Sriman Narayan prepared The Ganghian Plan.

·         In 1945, M.N. Roy proposed The people Plan

·         In 1950, Jaiprakash Narayan published a plan called Sarvodaya Plan.

·         Economic Planning is in the Concurrent List of the Seventh Schedule of the Indian Constitution.

Planning Commission

·         The planning Commission of India was constituted by Government of India on the resolution of cabinet on 15^th March, 1950. It is neither mentioned in the constitution nor it has been established by an act passed by the parliament.

·         Prime Minister of India is  the ex-officio chairman of planning Commission

·         Jawaharlal Nehru was the chairman of first Planning Commission of India.

·         Planning commission doesn’t have any fixed tenure.

National Development Council (NDC)

·         It was constitute on 6^th August, 1952. The Prime Minister is the Chairman of NDC and the secretary of NDC.

·         It is also a non- statutory body.

·         NDC approves the five year plans. After its final approval only, the approach papers of the plan are published and the Parliament passes grants to it.

·         NDC also evaluates national planning from time to time.

Do you know?

·         The growth target for the first three plans was set with respect to national income. In the fourth plan it was NDP. Thereafter in all plans it was GDP at factor cost.

·         Actual growth rate achieved in all plans is estimated terms of National Income (i.e. NNP at factor cost).

·         The growth rate in 3^rd plan was minimum, where as it was first plan to target 5% growth rate.

·         Vth   plan was the first plan to achieve more than 5% growth rate.

Sectoral Allocations of the XIth plan

Segment                                       % of GDP

1. Social services …………………………………………30.2%

2. Energy……………………………………………………23.4%

3. Agriculture & allied activities 3.7%

    + Rural Development               8.3%

    + Irrigation                                 5.8%

    + Special Area Programme     0.7%.........18.5%

4. Transport……………………………………………...15.7%

5. Industry and Minerals…………………………….4.2%

6. Communications…………………………………… 2.6%

7. Science, Technology & Environment…….. 2.4%

8. General Economic Services…………………… 1.7%

9. General Services…………………………………….1.2%

CURRENT AFFAIR JUNE 2015

1. World day against Child Labour observed globally
(i) The International Labour Organisation (ILO) launched the World Day Against Child Labour in 2002 to draw attention to the global extent of child labour, the actions and efforts needed to eliminate the same.
(ii) Each year 12th June, brings together governments, employers and workers organisations, civil society among others to highlight the plight of child labourers and discuss the solutions to help them.
(iii) Indian Nobel Laureate Kailash Satyarthi on Thursday called on all countries to ratify an International Labour Organisation (ILO) protocol against forced labour and ensure inclusion of the goal of abolition of child slavery in the sustainable development goals (SDGs).

2. Expect more interest rate cuts in public sector banks: Finance Minister 
(i) Union Finance Minister Arun Jaitely during an annual review meeting with public sector banks  and financial institutions on Friday, asked the banks to pass on the rate cuts made by the Reserve Bank of India (RBI) to the customers so as to offer loans at cheaper interest rates.
(ii) The banks unanimously offered that in the coming two to three months greater transmission of lower rates could be seen.

3. Industrial Production grew at two months high touching 4.1 % in April 
(i) Industrial production touched a two month high at 4.1 percent in April with manufacturing and  capital goods showing a good performance. Retail inflation inched up to 5.01% in May from 4.87 in April.
(ii) The index of industrial production (IIP) also corroborates - a 46% annual increase in the indirect tax collection in April.

4. Dick Costolo resigned as CEO of twitter Inc
(i) Twitter Inc. Chief Executive Officer Dick Costolo stepped down, highlighting the social media company's struggle to  define its vision.
(ii) Jack Dorsey, a co-founder is to take Costolo's place starting 1st July till a suitable permanent replacement takes over.
(iii) These changes signals that the company is focusing on improving its product, which lets users post short messages, videos and photos, after a slew of leadership changes in the past five years.

5. Forbes released World's 100 highest paid Athletes list 2015
(i) Forbes released the list of world's 100 highest paid Athletes on both June 2015.
(ii) The list was topped by World famous boxer Flyod Mayweather, followed by Manny Pacquiao and Cristiano Ronaldo in second and third place respectively. Indian athlete to have figured in this list was Mahendra Singh Dhoni.
(iii) The earnings were calculated based on athletes' salaries, bonuses, prize money, appearance fees, as well as licensing and endorsement income in the previous one year.

SSC CGL 2015:- ENGLISH

 CONJUNCTION

1. Scarcelyt had the servant (a)/ finished washing the car (b)/ than the master came (c)/ and asked him to reach the office (d)/ No error. (e)

2. Mukesh is not only eminent (a)/ for his writing in English (b)/ but also for his (c)/ painting on spiritual themes (d)/ No error. (e)

3. Ram has to look after (a)/ ten children (b)/ but he has nothing beside (c)/ his salary. (d)/ No error.

4. Besides literature, (a)/ they have to (b)/ study physics (c)/ and chemistry. (d)/ No error. (e)

5. He passed the examination (a)/ although he had been (b)/ Prevented by illness (c)/ from studying. (d)/ No error. (e)

6. Owing the heavy rain (a)/ in the middle of the match, (b) the match (c)/ was cancelled. (d)/ No error.(e)

7. Sudhir is (a)/ not so much unintelligent (b)/ as much (c)/ uneducated. (d)/ No error. (e)

8. There were so many (a)/ as we did not (b)/ know where to (c)/ put them all. (d)/ No error. (e)

9. I will have (a)/ everything ready (b)/ so that (3)/ not to keep you waiting. (d)/ No error.

10. We have so arranged (a)/ matters as one (b)/ if us is (c)/ always on duty. (d)/ No error. (e)

11. Even if he did not (a)/ say that, I am (b)/ sure he did not intend (c)/ to hurt your feeling. (d)/ No error (e)

12. Amitesh took his friend  (a)/ with him so that (b)/ to have a companion (c)/ in the train. (d)/ No error. (e)

13. Ram and Shyam  arrived early, (a) so that they might get (b)/ a good seat (c)/ in the train. (d)/ No error. (e)

14. A morning walk (a)/ is not only conducive (b)/ to mind (c)/ but also to health. (d)/ No error. (e)

15. The reason why Pakistan (a)/ has not been able to build up (b)/ its trade is due to (c)/ her poor economic condition. (d) No error.

16. This company (a)/ not only manufactures (b)/ leather goods (c)/ but also plastic goods. (d)/ No error. (e)

17. Not only men (a)/ but also women (b)/ were chosen (c)/ for the work. (d)/ No error.

18. Although he had (a)/ no qualification (b)/ but he got (c)/ the job last year. (d)/ No error. (e)

19. Despite of (a)/ the severe weather conditions(b)/ all the students (c)/ appeared at the examination. (d)/ No error. (e)

20. Like he became (a)/ more competent (b)/ he was given (c)/ more interesting work . (d)/ No error. (e)