LIC HFL:

Housing Finance Ltd, the sister concern of Life Insurance Corporation (LIC) of India has invited online applications from eligible candidates who must be an Indian citizen for selection and appointment as Assistant/Associate/Assistant Manager.

Assistant, Associate and Assistant Manager

  • LIC Housing Recruitment 2018 Notification to fill 300 vacancies for the post of Assistant, Associate and Assistant Manager in various States and UTs has been released on the official website of the LIC Housing Finance Limited - lichousing.com.

  • The recruitment for the post of Assistant and Associate is on probation period of 6 months and for the post of Assistant manager the selected candidates will need to undergo a training period of 1 year before going on a probation period of 1 year.

21st August, 2018 to September 6th, 2018 - Apply

  • The application process for the recruitment for the above posts will commence from 21st August 2018 and interested candidates must apply online on or before 6th September 2018.

  • Download of Call letters for Online Examination – 24th September 2018

  • Date of online examination for Assistant/ Associate/ Assistant Manager – 6th or 7th Oct 2018 (Tentative

300 Vacancies

  • Total Posts: 300

    • Assistant - 150

    • Associate - 50

    • Assistant Manager - 100

Eligibility

Marks -

Assistant: The applicant must be a Graduate with at least 55% marks.

Associate: The applicant must be a Graduate with at least 60% marks and CA Inter.

Assistant Manager: The applicant must be a Graduate with at least 60% marks with 2 years full time MBA.

Age Limit -

Applicants age must fall in the bracket of 21 to 28 years as on 1st January 2018.

Application Fee:

The applicant needs to pay Rs.500 plus 18% GST as application fee.

Selection Process:

The selection of the candidates will be done on the basis of an Online Examination and Interview. The selected candidates need to undergo a Medical Examination.

Pattern of Online Examination:

The Online examination will consist of 4 sections viz English Language, Logical Reasoning, General Awareness and Numerical Ability.

Official Advertisement:

http://www.lichousing.com/downloads/Detailed_Advertisement_2018.pdf

 

Published in Announcements

Why should you read this topic?

Assuming that you are preparing for bank recruitment tests, you should realize that there is a section on General Awareness that tests if you are aware of the happening around you. The happening on Economy, Sports, Industry, Trade and Policies. Who would assume that you will be a prospective bank hire without knowing the fundamentals of General Awareness? So, it is high time that you started taking the GK-in-Depth articles, and Daily GK Digest diligently. You are shown the resources, it is on you to utilize them. And, if you are planning to take MBA tests like CAT, FMS, XLRI, NMAT, even then the General Awareness plays a significant role in the Group Activity and interview rounds.

WHAT IS A NATIONAL PARK?

Image2018 8 23 9 33 27

National park is an area which is strictly reserved for the betterment of the wildlife & biodiversity, and where activities like developmental, forestry, poaching, hunting and grazing on cultivation are not permitted. No person shall, destroy, exploit, or remove any wildlife from a National Park or destroy or damage the habitat or any wild animal or its habitat within a National Park. Their boundaries are well marked and circumscribed.

  • The State Government shall publish a notification specifying the limits of the area which shall be comprised within the National Park and declare that the said area shall be a National Park on and from such date as may be specified in the notification. No alteration of the boundaries of a National Park shall be made except on a resolution passed by the Legislature of the State.

HOW IS IT DIFFERENT FROM WILDLIFE SANCTUARY?

BASIS OF COMPARISON WILDLIFE SANCTUARY NATIONAL PARK
Preserves Animals, birds, insects, reptiles, etc. Flora, fauna, landscape, historic objects, etc.
Objective To make sure that viable population of the wildlife and their habitats are maintained. To protect the natural and historic objects and wildlife of an area.
Restriction Restrictions are less and it is open to public. Highly restricted, random access to people is not allowed.
Official Permission Not required Required
Boundaries Not fixed Fixed by legislation
Human activity Allowed but up to a certain extent. Not allowed at all.

FIRST NATIONAL PARK OF THE WORLD?

Image2018 8 23 9 33 38

  • In 1872, Yellowstone National Park was established as the United States' first national park, being also the world's first national park.

THE FIRST IN INDIA…….

Image2018 8 23 9 33 52

  • India's first national park was established in 1936 as Hailey National Park, now known as Jim Corbett National Park, Uttarakhand.

DO YOU KNOW…...

Image2018 8 23 9 34 19

  • The biggest national park in India is the Hemis National Park, located in Jammu and Kashmir.

WHAT ARE THE NATIONAL PARKS IN INDIA, STATE WISE?

Here is the list of important National Parks from exam point of view as these days, we can see a lot of questions being asked from this topic given the importance of wildlife conservation in today’s world.

Andaman and Nicobar Islands 

  • Campbell Bay National Park
  • Galathea National Park
  • Mahatma Gandhi Marine National Park (Wandur National Park)
  • Middle Button Island National Park
  • Mount Harriet National Park
  • North Button Island National Park
  • Rani Jhansi Marine National Park
  • Saddle Peak National Park
  • South Button Island National Park

Andhra Pradesh

  • Papikonda National Park
  • Rajiv Gandhi National Park
  • Sri Venkateswara National Park

Image2018 8 23 9 34 40

*- Black Buck is the state animal of Andhra Pradesh, Haryana and Punjab

Arunachal Pradesh

  • Namdapha National Park
  • Mouling National Park

Assam

  • Dibru-Saikhowa National Park
  • Kaziranga National Park (One-Horned Rhinoceros) *
  • Manas National Park (Elephants, Indian Rhinoceros) *
  • Nameri National Park
  • Orang National Park

Image2018 8 23 9 35 5

In the year 1985, Kaziranga National park was declared as a World Heritage Site by UNESCO.

One-horned rhino found in Kaziranga National Park is the State animal of Assam.

Bihar

  • Valmiki National Park
  • Kanwar Lake Bird Sanctuary
  • Vikramshila Gangetic Dolphin Sanctuary

Chhattisgarh

  • Indravati National Park
  • Kanger Ghati National Park (Kanger Valley)
  • Guru Ghasi Das (Sanjay) National Park

Goa

  • Bhagwan Mahavir (Mollem) National Park

Gujarat

  • Vansda National Park
  • Blackbuck National Park, Velavadar
  • Gir National Park (Asiatic Lion)
  • Gulf of Kachchh Marine National Park

Image2018 8 23 9 35 27

Asiatic Lion is the state animal of Gujarat.

Haryana

  • Kalesar National Park
  • Sultanpur National Park

Himachal Pradesh 

  • Great Himalayan National Park (Snow Leopard, Musk deer) *
  • Pin Valley National Park
  • Inderkilla National Park
  • Khirganga National Park
  • Simbalbara National Park

Image2018 8 23 9 35 42

Snow leopard is the state animal of Himachal Pradesh.

Jammu and Kashmir

  • Dachigam National Park (Kashmiri Stag)
  • Hemis National Park (Snow Leopard)
  • Kishtwar National Park
  • Salim Ali National Park

Image2018 8 23 9 35 56

Kashmiri Stag/Hangul is the State Animal.

Jharkhand

  • Betla National Park
  • Dimna National Park
  • Hazaribag National Park

Karnataka

  • Anshi National Park
  • Rajiv Gandhi National Park
  • Bandipur National Park (Elephants)
  • Bannerghatta National Park
  • Kudremukh National Park

Kerala

  • Eravikulam National Park
  • Mathikettan Shola National Park
  • Periyar National Park (Tiger)
  • Silent Valley National Park
  • Anamudi Shola National Park
  • Pambadum Shola National Park

Indian Elephant is the state animal of Jharkhand, Karnataka and Kerala.

Madhya Pradesh

  • Bandhavgarh National Park
  • Mandla Plant Fossil National Park
  • Kanha National Park (Swamp deer or Barhasingha)
  • Madhav National Park
  • Panna National Park (Tiger, Chital, Chinkara, Sloth bear)
  • Pench National Park (Sloth Beer, Leopard, Deer)
  • Sanjay National Park
  • Satpura National Park
  • Van Vihar National Park

Maharashtra

  • Chandoli National Park
  • Gugamal National Park
  • Navegaon National Park
  • Sanjay Gandhi National Park or Borivili National Park
  • Tadoba National Park

Manipur

  • Keibul Lamjao National Park
  • Sirohi National Park

Meghalaya

  • Balphakram National Park
  • Nokrek National Park

Mizoram

  • Murlen National Park
  • Phawngpui Blue Mountain National Park

Nagaland

  • Ntangki National Park

Orissa

  • Bhitarkanika National Park
  • Nandankanan National Park
  • Simlipal National Park

Rajasthan 

  • Darrah National Park
  • Desert National Park
  • Keoladeo National Park (Migratory Birds) *
  • Mount Abu Wildlife Sanctuary
  • Ranthambore National Park
  • Sariska National Park

Sikkim

  • Khangchendzonga National Park*

Image2018 8 23 9 36 12

Red Panda is the state animal of Sikkim.

Tamil Nadu

  • Mudumalai National Park
  • Mukurthi National Park
  • Indira Gandhi (Annamalai) National Park
  • Guindy National Park (Black Buck)
  • Gulf of Mannar Marine National Park

Tripura

  • Bison (Rajbari) National Park
  • Clouded Leopard National Park

Uttar Pradesh  

  • Dudhwa National Park Swamp Deer, Tiger)

Swamp deer is the State animal of Uttar Pradesh.

Uttarakhand

  • Gangotri National Park
  • Govind Pashu Vihar
  • Jim Corbett National Park (Tigers and Elephants)
  • Nanda Devi National Park*
  • Rajaji National Park
  • Valley of Flowers National Park

West Bengal 

  • Gorumara National Park
  • Buxa National Park
  • Neora Valley National Park
  • Singalila National Park
  • Jaldapara National Park
  • Sundarbans National Park (Bengal Tiger, Crocodile, Gangetic Dolphin) *

Image2018 8 23 9 36 34

Sunderban is one of the largest reserves for tigers.

(* for UNESCO World Heritage Site designation)

Get Daily GK Question for Competitive Exam

Stay tuned to GK-in-depth on www.conduiraonline.com for the next kind.

 

Published in General Awareness

Why should you read this topic?

Assuming that you are preparing for bank recruitment tests, you should realize that there is a section on General Awareness that tests if you are aware of the happening around you. The happening on Economy, Sports, Industry, Trade and Policies. Who would assume that you will be a prospective bank hire without knowing the fundamentals of General Awareness? So, it is high time that you started taking the GK-in-Depth articles, and Daily GK Digest diligently. You are shown the resources, it is on you to utilize them. And, if you are planning to take MBA tests like CAT, FMS, XLRI, NMAT, even then the General Awareness plays a significant role in the Group Activity and interview rounds.

Why is Turkey in news?

Turkey is just the latest developing economy to plunge into chaos. The Turkish lira has shed more than 40% since January 2018, while the country's stock market has been cut in half. The crisis began days after US President Donald Trump announced via Twitter a doubling of steel and aluminium tariffs on Turkey, as Washington pushed Ankara to release Evangelical Christian pastor Andrew Brunson, who is being held on terrorism charges.

The turmoil follows a similar currency crash in Argentina that led to a rescue by the International Monetary Fund. In recent days, the Russian ruble, Indian rupee and South African rand have also tumbled dramatically. Investors are waiting for the next domino to fall. They're on the lookout for signs of a repeat of the 1997-1998 Asian financial crisis that began when the Thai baht imploded.

What is causing Turkey's lira free-fall?

The recent overseas turbulence is being driven by a confluence of factors. The most obvious is the US Federal Reserve raising interest rates and shrinking its $4.5 trillion balance sheet in response to economic strength and warming inflation in the United States.

Removing easy money from the market has sent the US dollar soaring against rivals. That debt becomes ferociously expensive when a country's currency implodes the way the lira has. The dollar's strength has led investors to yank money from riskier markets in favor of safer American assets.

What is the role of populism and trade wars in this?

Populism:

The emerging-market turbulence, especially in Turkey, also reflects the rise of populism around the world.

Turkey's troubles accelerated in May 2018 after President Recep Tayyip Erdogan indicated he wanted to take control of setting interest rates. After winning re-election, Erdogan installed his brother-in-law as finance minister.

Turkey's central bank then shocked the world by refusing to raise interest rates, despite soaring inflation. Investors, with their confidence in the central bank shattered, promptly fled the lira.

The situation in Turkey is a case study in the importance of independent central banks and finance ministers, especially in countries without the strong track record of the United States.

Trade and Tariffs:

The emerging market storm reflects another aspect of Trump's populism: tariffs. Trump's trade wars have caused investors to flee certain risky markets, especially ones with ties to China. Turkey's currency plunged as much as 18.5% after Trump vowed to double the steel and aluminum tariffs he imposed on Turkey. In retaliation, Turkey doubled tariffs on some imports from the US - such as passenger cars, alcohol and tobacco.

How are international markets reacting?

The weakness of the Turkish currency is starting to affect other emerging market economies. In August 2018, the Indian rupee hitting a fresh record low of 70.33 rupees to $1. A falling rupee helps exports - things like textiles and IT [information technology] services. But it puts up the price of India's imports, particularly oil, which in turn leads to inflationary pressure and widens India's trade deficit. The South African rand has also taken a hit.

The real catalyst is the sharp depreciation in the Turkish lira and also more importantly, the indirect spillover into the euro as well. There are concerns that some European banks have exposure to Turkey and that will be reflected in the balance sheets and P&L of some of these European banks.

What does this mean for Turks?

According to economic experts, in the short term, the lira's slide will increase inflation, which will hurt Turkey's poor. Sample this: The Turkish bakers’ federation in August 2018 announced a 15 percent increase in bread prices. Businesses are also concerned about higher import prices. However, it is worth noting that in 2001, a year before Erdogan became prime minister, Turkey's inflation rate was at 69 percent. In August 2018, it stood at 15.6 percent.

What is the effect of lira on Emerging markets?

The risk of contagion is pretty high, said Robert Subbaraman, an emerging market economist at Nomura in Singapore.

In a research note Mr. Subbaraman pointed to South Africa, Hong Kong, the Philippines, Chile and Mexico as having the most vulnerable economies. South Africa, for example, has significant levels of dollar debt and a sizable current account deficit.

A country runs a current account deficit if it takes in more money — in investments and trade — from foreigners than it sends to other countries. That leaves the country at the mercy of international investors to keep it afloat financially, and those investors could find other markets more enticing — particularly when emerging markets see their currencies lose value.

That is precisely what forced Argentina to go to the I.M.F., the first major emerging market to take such a step during this period of uncertainty. Pakistan may soon have to forge its own deal with the fund for similar reasons.

What is the optimistic news?

In the past decade, most of the large developing markets have established robust local institutions, such as pension funds, that have become the main buyers of corporate and government debt — in their own currencies.

That means when fretting foreigners sell their bonds, domestic institutions can step in and buy them, preventing a selling frenzy from becoming something worse.

Get Daily GK Question for Competitive Exam

Source: 

https://www.aljazeera.com/news/2018/08/turkey-lira-crisis-180814132601100.html

https://money.cnn.com/2018/08/14/investing/turkey-lira-emerging-market-crisis/index.html

https://www.nytimes.com/2018/08/15/business/turkey-financial-crisis-emerging-markets.html

 

Published in General Awareness

Questions on Significant Days Observed, Sports Events, National Awards, DARPAN-PLI and more

Published in Weekly Quizzes

Questions on Significant Days Observed, Sports Events, National Awards, DARPAN-PLI and more

Published in Weekly Quizzes

Vocabprep Banner

Have a Conduira Online Payment Card?

Please key in your e-mail address.

Be up-to-date with the happenings at Conduira!