Tuesday, 13 May 2014

Postal Assistants Exam Dates for Andhra Pradesh and West Bengal Out

The PA/SA Exam 2014 for Andhra Pradesh and West Bengal Circles will be held on 25th May 2014.


New Exam Dates of Postal Assistants Exam 2014 :

Andhra Pradesh - 25th May 2014 - 2 PM to 4 PM
West Bengal - 25th May 2014 - 2 PM to 4 PM


Click here to View the notification released by Postal Department.





SBI PO: English Quiz on Sentence Correction

Q1. Despite of their differences on matters of principles, they all agree on the demand of hike is salary?
A. Despite their
B. Despite of the
C. Despite for their
D. Despite off their
E. No correction required

Q2. The man who has committed such a serious crime must get the mostly severe punishment.
A. be getting the mostly severely
B. get the most severe
C. have got the most severely
D. have been getting the severe most
E. No correction required

Q3. For many centuries in Indian History there was no city so famous like the city of Ujjain.
A. as
B. such as
C. likewise
D. so like
E. No correction required

Q4. We don't know how did the thief made an escape.
A. how the thief did make
B. how the thief does make
C. how the thief made
D. how was the thief made
E. No correction required

Q5. He is a singer of repute, but his yesterday's performance was quite disappointing.
A. performances of yesterday were
B. yesterday performance was
C. yesterday performance were
D. performances about yesterday were
E. No correction required

Q6. Their earnings are such that they find it difficult to make both ends to meet.
A. to makings both ends meet
B. to make both ends for meeting
C. to make both ends meet
D. for making both ends to meet
E. No correction required

Q7. He has received no other message than an urgent telegram asking him to rush his village immediately.
A. asked him to rush his village
B. asking him to have rush his village
C. asking him to rush to his village
D. asking him rushing at his village
E. No correction required

Q8. One of the most significant phenomenons of our time has been the development of cinema.
A. phenomenon
B. phenomena
C. phenomenonna
D. phenomenonns
E. No correction required

Q9. Had you been told me about your problem, I would have helped you.
A. If you would have told
B. Had you have told
C. had you told
D. If you have told
E. No correction required

Q10. It was until many years later that Gandhi became a rebel against authority.
A. It was not until many years
B. It was till many years
C. It was not many years
D. Until It was many years
E. No correction required

Q11. Anand has the guts to rise from the occasion and come out successfully.
A. in rising from
B. to raise with
C. to rise to
D. to rise against
E. No correction required

Q12. If you are thinking about investigation overseas, isn't it makes sense to find an experience guide?
A. it is not making
B. doesn't it make
C. does it make
D. is it making
E. No correction required

Q13. This is one of the most important inventions of this century.
A. invention of this century
B. invention of these century
C. invention of centuries
D. invention of the centuries
E. No correction required

Q14. The orator had been left the auditorium before the audience stood up.
A. had been leaving
B. was left
C. had left
D. would leave
E. No correction required

Q15. He dislikes the word dislike, isn't he
A. didn't he
B. doesn't he
C. hasn't he
D. does he
E. No correction required


ANSWERS:
1. A
2. B
3. A
4. C
5. E
6. C
7. C
8. B
9. C
10. A
11. C
12. B
13. E
14. C
15. B

Syndicate Bank: Notice out for PO III

Syndicate Bank has released the list of candidates provisionally selected for the post of PROBATIONARY OFFICER 2014-2015

Click here to View the Notice.

The bank announced the list of selected candidates as PO from IBPS PO III CWE.
Click here to View the List.

Another List of candidates is released by the bank whose selection is withheld for want of Documents.
Click here to View the List.

The Format of Documents required at the time of joining is also available on their official website.
Click here to View the Link.





SBI PO: Marketing Quiz

Q1. Warehouse Management does not include -
(1) Space determination
(2) Stock layout
(3) Stock design
(4) Stock placement
(5) Order picking procedure

Q2. A marketing technique where marketer plays a specific role in a particular segment is called -
(1) Mass Marketing
(2) Niche marketing
(3) Strategic Marketing
(4) Communication Marketing
(5) None of these

Q3. Which among the following is not an example of convenience goods?
(1) Tea
(2) Newspaper
(3) Coffee
(4) Shirts
(5) None of these

Q4. In Marketing Mix 4 P�s Imply -
(1) Product, Price, Place, Promotion
(2) Product, Price, Policy, Place
(3) Place, People, Product, Promotion
(4) All of the above
(5) None of these

Q5. In Market segmentation which among the following is not an economic component- 
(1) Age
(2) Gender
(3) Both 1 and 2
(4) Income level
(5) Taxes

Q6. Which among the following is a feature of good forecasting method -
(1) Accuracy
(2) Simplicity
(3) Economy
(4) Availability
(5) All of these

Q7. A person who ultimately determines any part or whole of the buying decision is called-
(1) Decider
(2) Buyer
(3) User
(4) Influencer
(5) None of these

Q8. When a firm sells off part of its business to another it is called-
(1) Diversification
(2) Divestment
(3) Pruning
(4) Strategy
(5) Joint venture

Q9. Buyer Resistance means -
(1) Buyers fighting with the salesman
(2) Reluctant salesman
(3) Indifferent Salesman
(4) Hesitant buyers
(5) None of these

Q10. Digital Bank can be resorted through -
(1) Mobile phones
(2) Internal
(3) Telephones
(4) All of these
(5) None of these

Q11. Cross selling is very effective in the sale of one of the following -
(1) Debit � Card
(2) Credit- Cards
(3) Internal- Banking
(4) Auto Loan
(5) All of these

Q12. Target market for debit card is � 
(1) All existing account holder
(2) All sales persons
(3) All NRI�s
(4) All HNI�s
(5) All of these

Q13. SME means -
(1) Small and medium enterprises
(2) Small scale marketing entities
(3) Small & medium establishments
(4) None of these

Q14. �Out-sourcing means service rendered by -
(1) Outside agencies
(2) Other departments of the company
(3) Employees other than the sales person
(4) Marketing department
(5) None of these

Q15. Sales promotion involves, the incorrect option-
(1) Building product awareness
(2) Creating interest
(3) Providing Information
(4) Designing new product
(5) None of these

Q16. DSA Means -
(1) District sales Authority
(2) Direct Selling Agent
(3) Distributor and Sales agent
(4) None of these
(5) All of these

Q17. �Conversion� in sales language means -
(1) Converting a buyer into a seller
(2) Converting a seller into a buyer
(3) Converting a prospect into customer
(4) All of these
(5) None of these

Q18. Bank Marketing is treated as -
(1) Transaction marketing
(2) Service marketing
(3) Indoor marketing
(4) all of these
(5) None of these

Q19. Leads can be provided by -
(1) friends relatives
(2) Websites
(3) Directories
(4) All of these
(5) None of these

Q20. Marketing is � Find the wrong option -
(1) an ancient concept
(2) a modern concept
(3) a continuous affair
(4) a team effort
(5) None of these

ANSWERS:
1. 5                                  11. 5
2. 2                                  12. 1                          
3. 4                                  13. 1
4. 1                                  14. 1
5. 3                                  15. 4
6. 5                                  16. 2
7. 1                                  17. 3
8. 2                                  18. 2
9. 4                                  19. 4
10. 4                                20. 1


Monday, 12 May 2014

Data Interpretation For SBI PO - 2014

Directions (1-5): Study the following table to answer the given questions?
Center\Post
Officer
Clerk
Field Officer
Supervisor
Specialist Officer
Bangalore
2000
5000
50
2050
750
Delhi
15000
17000
160
11000
750
Mumbai
17000
19500
70
7000
900
Hyderabad
3500
20000
300
90000
1150
Kolkata
14900
17650
70
1300
1200
Lucknow
11360
15300
30
1500
650
Chennai
9000
11000
95
1650
500
  
1.    In Kolkata number of Specialist officer is approximately what percent of that officer?
(1) 8.7                               
(2) 9
(3) 6.5                               
(4) 8
(5) 6.9

2.    What is the difference between total number for officers and Clerks?
(1) 29, 680                         
(2) 34, 180
(3) 32, 690                         
(4) 28, 680
(5) None of these

3.    In Chennai number of clerks is approximately how much percent more than that of officers?
(1) 18                                 
(2) 22
(3) 20                                 
(4) 2
(5) 13

4.    Which center has 300% more number of clerks as compared to Bangalore?
(1) Lucknow                      
(2) Mumbai
(3) Hyderabad                   
(4) Chennai
(5) None of these

5.    Which center has the highest number of candidates?
(1) Delhi                            
(2) Kolkata
(3) Hyderabad                   
(4) Mumbai
(5) None of these

Directions (6 � 10): Study the following line graph and answer the questions based on it.
Number of Vehicles Manufactured by Two companies over the Years (Number in Thousands)

6.    What is the difference between the number of vehicles manufactured by Company Y in 2000 and 2001?
(1)  50, 000
(2) 42, 000
(3)  33, 000
(4) 21, 000
(5) None of these

7.    What is the difference between the total productions of the two Companies in the given years ?
(1) 19, 000
(2) 22, 000
(3) 26, 000
(4) 28, 000
(5) None of these

8.     What is the average numbers of vehicles manufactured by Company X over the given period? (Rounded off to nearest integer)
(1)  1, 19, 333
(2) 1, 13, 666
(3) 1, 12, 778
(4) 1, 11, 223
(5) None of these 

9.    In which of the following years, the difference between the productions of Companies X and Y was the maximum among the given years?
(1) 1997
(2) 1998
(3) 1999
(4) 2000
(5) None of these

10.  The    production of Company Y in 2000 was approximately what percent of the production of Company X in the same year?
(1) 173
(2) 164
(3) 132
(4)  97
(5) None of these 

Answers With Explanations: 

1.    Answer  (4) In Kolkata No. of officers =14900
No. of Specialist officer = 1200
Req. aaprox. Percentage: = 1200x100/15000 = 8 (approx) 

2.    Answer (3) Total No. of officers = 72,760
Total No. of Clerks = 105,450
 Req. difference = 32,690
3.    Answer (2) In Chennai No. of Clerks = 11000
No. of officers = 9000
Req Percentage = 11000 � 9000/9000 x 100 = 22.2 = 22

4.    Answer (3) 5000 + 300% of 5000 = 20,000
Hyderabad is req. answer.

5.    Answer  (3) 

6.    Answer: (4)
Required difference = (128000 - 107000) = 21000.

7.    Answer  (3) : From the line-graph it is clear that the productions of Company X in the years 1997, 1998, 1999, 2000, 2001 and 2002 are 119000, 99000, 141000, 78000, 120000 and 159000 and those of Company Y are 139000, 120000,100000, 128000, 107000 and 148000 respectively.
Total production of Company X from 1997 to 2002
= 119000 + 99000 + 141000 + 78000 + 120000 + 159000 = 716000.
and total production of Company Y from 1997 to 2002
= 139000 + 120000 + 100000 + 128000 + 107000 + 148000
= 742000.
Difference = (742000 - 716000) = 26000.

8.    Answer: (1)
Average number of vehicles manufactured by Company X =1/6 *(119000 + 99000 + 141000 + 78000 + 120000 + 159000 =119333.

9.    Answer: (4)
The difference between the productions of Companies X and Y in various years is:
For 1997 (139000 - 119000) = 20000.
For 1998 (120000 - 99000) = 21000.
For 1999 (141000 - 100000) = 41000.
For 2000 (128000 - 78000) = 50000.
For 2001 (120000 - 107000) = 13000.
For 2002 (159000 - 148000) = 11000.
Clearly, maximum difference was in 2000

10.  Answer: (2)

Required percentage = [(128000/ 78000) x 100]% 164%


DAILY GK UPDATE - 11 - 12th May

1.    Voters come out in large numbers during last phase
i. Brisk voting was recorded till noon on Monday in most of the 41 constituencies in three states during last phase of Lok Sabha polls in which the spotlight is on the high-profile contest in Varanasi where a controversy broke out over the Congress candidate sporting the party symbol.
ii. Over nine crore voters are expected to vote to seal the fate of 606 candidates, including BJP�s prime ministerial nominee Narendra Modi and AAP leader Arvind Kejriwal (both Varanasi) and SP chief Mulayam Singh Yadav (Azamgarh) in the ninth phase of polling in the states of Uttar Pradesh, West Bengal and Bihar.
iii. Voting was by and large peaceful except in West Bengal where 13 people were injured in a clash between CPI(M) and Trinamool Congress supporters in North 24 Parganas district.

2.    Government gets poll panel nod to appoint next army chief
i. The Election Commission on Monday gave a go-ahead to the defence ministry to initiate the process of appointing the next army chief, an issue that was caught in a controversy because of the BJP's protest.
ii. The ministry recommended Lt Gen Dalbir Singh Suhag to be the next army chief. A recommendation was sent to the appointments committee of cabinet, sources said.
iii. In a communication sent to the defence ministry on Monday morning, the EC cited its March 27 order which makes it clear that appointments, promotions, tenders and procurements of defence forces are not covered under the model code of conduct in the ongoing elections as well as any other election in the future, sources said.
iv. The incumbent army chief Gen Bikram Singh will retire on July 31 and as per the tradition, the successor is to be appointed two months ahead of that.

3.    India cheapest major economy: Survey
i. Indian cities are the cheapest places for a movie and burger date, whereas London has been termed the most expensive city for a date. While Kuala Lumpur and Mumbai have been termed the cheapest places for a weekend holiday, Sydney is reportedly the most expensive, according to a new study.
ii. In its third edition of its annual survey of global prices, the agency has noted that as in previous years, Australia is overall the most expensive major economy, while the United States is generally the cheapest developed country. Brazil remains very expensive for a developing country.
iii. There are many cities in the world that are now more expensive than Tokyo. China remains very cheap in some categories like car rentals, but in many categories it is steadily converging on US prices. For a number of branded goods like Levi�s jeans, Adidas shoes and iPhones, the agency has found China to be more expensive than the United States.

4.    President confers National Florence Nightingale Awards on 35 nursing personnel
i. President Pranab Mukherjee today conferred National Florence Nightingale Awards for 2014 on 35 nursing personnel for their meritorious services. The award is given every year on this day which is International Nurses' Day.
ii. The award instituted in 1973, carries a medal, a certificate and citation and cash prize of 50 thousand rupees. It is given to the outstanding nursing personnel employed in Central, State, Union Territories, Non-Government and Voluntary Organisations.
iii. India�s healthcare industry today is worth more than 45 billion dollars which is less than one per cent of the global healthcare industry even though it serves about 17 per cent of the world population.

5.    Indian Railways launched a book entitled India Junction � A Window to the Nation
i. Arunendra Kumar, the Chairman of Railway Board on 9 May 2014 released a book entitled India Junction � A Window to the Nation. The book has been brought out by Public Relations Directorate Railway Board.

About the Book

The book features in-depth analytical essays of the rich history of Railways in India. It contains delectable travel pieces along with some truly amazing and rare photo features. It has examined that how railways has transformed the lives over time. 

6.    O�Sullivan named as Snooker�s Player of the Year
i. Ronnie O�Sullivan on 8 may 2014 was crowned World Snooker�s Player of the Year at the sport's annual awards ceremony in London.
ii. Apart from this, O�Sullivan was also handed the Fans Player of the Year award after being voted by snooker supporters.

7.    Nadal wins in Madrid title
i. Rafael Nadal won his fourth title at the Madrid Mutual Open on Sunday as he defeated Japan�s Kei Nishikori 2-6, 6-4, 3-0 in a match his opponent was forced to abandon due to an injury in the final set.
ii. It was tough on the number 10 seed, who took the game to the home favourite and despite a partisan crowd cheering in Nadal�s favor and blitzed his way to the first set with some wonderful aggressive tennis.

8.    Manila to host 1st leg of newly launched International Premier Tennis League
i. Manila will host the first leg of the newly launched International Premier Tennis League (IPTL).
ii. The organisers of the event said today that it has been shifted from Bangkok to Manila because of the political unrest in Thailand.
iii. The Tennis League has attracted many top players of the ATP and WTA Tour to compete in the team competition. 
iv. The league format features a total of 24 matches to be played in the four host cities Manila, Singapore, Mumbai and Dubai from November to December. The teams compete against each other in one-set men's singles, women's singles, men's doubles, mixed doubles and legends singles matches and the team that wins the most games (not sets) wins the match tie. 

9.    Sammy retires from tests but remains T20 captain
i. Asserting that he had no choice but to retire from Test cricket, hard-hitting West Indies all-rounder Darren Sammy on Sunday said his role was not needed as captain and player in that format and IPL had nothing to do with his decision.
ii. Sammy, who remains as the T20 skipper, decided to retire from Test captaincy on Friday when the selectors announced Denesh Ramdin as his replacement. The 6 feet 5 inches tall player said it�s best to read the writing on the wall.
iii. �West Indies cricket has a new dispensation. It has a new force and direction and I am no longer required to play a role in Tests. I had no choice but to retire from Test cricket,� said Sammy.




SBI PO: Marketing Quiz

Q1. To determine its strengths and weaknesses, manager might ask customers all of the following except;
(1) Was the quality good?
(2) Was the price reasonable?
(3) Have you heard the company slogan?
(4) Was the delivery efficient?
(5) None of these

Q2. The final step in marketing plan is 
(1) Goals and objectives
(2) Preparing projected profit and loss accounts
(3) Monitoring the progress
(4) All of these
(5) None of these

Q3. Managers scan the environment through 
(1) Undirected viewing
(2) Conditioned viewing
(3) Formal and informal search
(4) All of these
(5) None of these

Q4. Primary data is generally collected through:
(1) Survey
(2) Experiment
(3) Observation
(4) Census report
(5) None of these

Q5. Secondary data is collected through:
(1) Observation
(2) Survey
(3) Official record
(4) Experiment
(5) None of these

Q6. Casual research is:
(1) Together primary data to shed light on the real nature of the problem
(2) To ascertain certain magnitudes
(3) To find out cause and effect relationship
(4) To explore the gravity of the situation
(5) None of these

Q7. Generally the best research approach suited for descriptive research is:
(1) Observation
(2) Survey
(3) Cross sectional
(4) Experimental
(5) None of these

Q8. Generally speaking the best research approach for casual research is:
(1) Observation
(2) Survey
(3) Cross sectional
(4) Experimental
(5) None of these

Q9. Generally speaking the best research approach for exploratory research is:
(1) Observation
(2) Survey
(3) Cross sectional
(4) Experimental
(5) None of these

Q10. A study to determine if advertising expenses increases by 10 per cent, the sales will increase by x per cent. It is a form of:
(1) Exploratory
(2) Descriptive
(3) Casual
(4) All of these
(5) None of these

Q11. In a marketing survey, the surveyor asks the questions; Do you like our product? Yes/No It is a form of:
(1) Dichotomous
(2) Likert scale
(3) Semantic differential
(4) Rating scale
(5) None of these

Q12. A statement with which the respondent shows the amount of agreement/disagreement is a:
(1) Likert scale
(2) Semantic differential
(3) Rating scale
(4) Multiple choice
(5) None of these

Q13. A scale connecting two bio-polar words, where the respondent selects the point that represents his or her opinion is a:
(1) Likert scale
(2) Semantic differential
(3) Rating scale
(4) Multiple choice
(5) None of these

Q14.  A scale that rates some attribute from poor to excellent is a:
(1) Likert scale
(2) Semantic differential
(3) Rating scale
(4) Multiple choice
(5) None of these

Q15. Which of the following is not a probability sampling?
(1) Simple random sampling
(2) Stratified sampling
(3) Quota sampling
(4) Area sampling
(5) None of these

Q16. Which of the following is not a non probability sampling?
(1) Convenience sampling
(2) Quota sampling
(3) Judgment sampling
(4) Cluster sampling
(5) None of these

Q17. When the population is divided into mutually exclusive groups and random samples are drawn from each group. It is called:
(1) Stratified sampling
(2) Cluster sampling
(3) Area sampling
(4) Multi-stage sampling
(5) None of these

Q18. When the population is divided into mutually exclusive groups such as blocks and the researcher draws a sample from the group or block is called:
(1) Area sampling
(2) Cluster sampling
(3) Both (1) and (2)
(4) Stratified sampling
(5) None of these

Q19. When time factor is most important, then the best contact method with the responder has
(1) Personal interviews
(2) Mailed questionnaire
(3) Telephone interviewing
(4) Schedule
(5) None of these

Q20. The contact method, which minimizes the interview�s bias is a:
(1) Telephone interview
(2) Mailed questionnaire
(3) Personal interview
(4) Schedule
(5) None of these

ANSWERS:
1. 3 11. 1
2. 3 12. 1
3. 4 13. 2
4. 1 14. 3
5. 3 15. 4
6. 3 16. 4
7. 2 17. 1
8. 4 18. 3
9. 1 19. 3
10. 3 20. 2


SBI PO: Essay on "Indian People vs. Price Hike"

Hello Readers,
In view of the upcoming SBI PO Exam 2014, here we are presenting to you an essay on "Indian People vs. Price Hike" Hope you like the post!


The deteriorating global market due to the repercussions of global recession of 2008 has brought fiscal losses and unemployment in a large geo-economic area. Alike many developed and developing nations, India failed to keep her insulated from the ramifications of the global slowdown. Consequently, the economic monsters of fiscal-deficit and deteriorating currency imbued the vicious scourge of Price Hike into the market. A juxtaposition of the current face price of any arbitrary commodity in the market with that of the price before 2008 could insinuate the manifold increase in prices. The statistical data from the competent institutions like NSSO, RBI, Ministry of Finance, PMEAC and the Planning Commission corroborated the uncomfortably high percentage of inflation ranging near double digits from 8.0% to 11.0% at different quarters of the current financial year based on Consumer Price Index (CPI).

Taking account of the price hike in essential domestic commodities like food stuff and LPG could reveal the plight of millions households. The prices of milk and vegetables ratcheted in recent days have instilled upheaval in domestic budget of middle class families. The unruly price hike of diesel and petrol increases transportation costs which has cascading effects on the market commodities. The price of petrol in 2008 was nearly ` 45.00 per litre which has crossed an alarming high price line of ` 70.00 per litre throughout the country with little aberrations. The price of diesel experienced an exorbitant price hike of around ` 20.00 per litre from erstwhile low rate of approx. ` 30.00 per litre. The Indifference Curve of every middle class family has been lowered due to the constrained budget line which in turn diffuses dissatisfaction and engenders social unrest. The burning example of which is the contrived situation in the middle-east countries viz Tunisia, Egypt, Yemen, etc.

Inflation is the term used to denote the percentage growth in prices of goods and services with respect to their prices in some relevant base year. The perplexing price rise is a matter of studies for the eminent economists of every epoch. As a matter of fact, the effect of price rise is both negative and positive in economic terms. Enumerating the reasons of price rise we encounter terms like, monetary inflation, black-marketing, unmatched demand and supply, market monopoly and business accession. Let us demystify the terms one by one, starting with monetary inflation. The problem of monetary inflation indicates a situation of excessive money supply in market which corrodes the real value or the purchasing power of currency. Hence, each unit of currency could fetch fewer amounts of commodities and services. Black-Marketing refers to the depraved act of a few manufacturer and stockiest who hoard the product in godown to artificially inflate the price in order to reap larger profit in future. The unmatched demand and supply has both negative and positive effect on prices of goods and services. If the demand is more than the total potential of supply then the price rises and if the supply is more than potential demand then the price fells. Market monopoly and business accession are two faces of the same coin. When a big giant manufacturer takes over the business of several small enterprises, the competitions in the market evaporate, precipitating back monopoly into the market.

Price hike is akin to a viral disease which insidiously affects a larger section of society and brings infrastructural annihilation. Apart from the direct conundrums, it leads to a sudden drop in demand due to contained purchasing capacity of buyers. The drop in demand is counter balanced by drop in production which means drop in exigencies of variable factors of production, e.g. labour, raw-material, running cost, etc. The drop in labour-requirement unleashes devastating unemployment and under-employment in society. The capitalists face another species of problem simultaneously where the expenditure on fixed factors of production remains equal to the pre-fall demand situation because the fixed factors cost are levied on infrastructure, long-run investment, insurance premium, rent, etc. which are inert to short-run aberrations in total quantity produced. Hence, it bolsters the increase in Average Total Cost of production. This double faceted situation, on one hand deteriorate the purchasing capacity of market while on the other hand it incur loss of capital and thus lead to shut-down of factories in financial crisis which in turn further aggravate the problem of unemployment thus lowering further the purchasing capacity.

Trade deficit is yet another implication which is a negative effect of inflation or the price hike where the domestic market gets dearer. It promotes imports over exports which results in loss of foreign exchange. Besides, the difference in imports and exports result in trade deficit. The price hike has a good effect on an economy at initial level and under a comfortable zone of 2%-3%. It leads to growth in economy by increasing demand. Thus result in employment opportunities. An economy toils to fend off the exaggeration of inflation through monetary policies and fiscal policies. The central bank of a nation is equipped with the tools like bank-rate, cash reserve ratio and bank security. When the inflation crosses the level of ease to the level of discomfort, the central bank of a nation, Reserve Bank of India in ours case, increases the bank rate i.e. Repo Rate, Reverse Repo Rate and Marginal Standing Facilities. This result in higher interest rate on loans which deter public from taking loans whereas promote saving to attract higher interest from the bank. In both the case, the cash is revoked from the market which helps to resist the fall in real value of currency. The Cash Reserve Ratio is required to be maintained by the commercial banks to the Reserve Bank of India which also help in revocation of liquidity from the market. The bond and securities sold by the Reserve Bank of India to the commercial banks is yet another apparatus to revoke the liquidity from the market. Besides, the government levies taxes of different forms to curb the inflation.

Price hike or the inflation is a necessary evil of a growing economy such as ours which could be tamed through suitable and sustainable measures. The efforts of economists have formulated several tactics to maintain the inflation at the zone of comfort. The problem of price hike is a problem faced by common people; hence it is the infallible duty of the Indian Government and the Economists to bring it under control whereas it is the duty of the People to proliferate the technical aspects of inflation among unapprised masses.