March 31, 2011

Understanding ULIP

Understanding ULIP


Understanding ULIP

Posted: 31 Mar 2011 01:08 AM PDT

ULIP or Unit Linked Insurance Policy/Plan -  ULIP is the most talked about insurance plans. But before investing into such plans we need to look at the risk-return associated with it. Read the...

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March 30, 2011

Best Books of Bank Exams

Best Books of Bank Exams


Best Books of Bank Exams

Posted: 30 Mar 2011 03:48 AM PDT

Bank exams, be it Bank PO (probationary officer) examination or Bank Clerical are not that difficult to crack as many people presume them to be. The main issue in this area is "vacancies : applicants" ratio. So instead of focusing on the toughness of the paper, one needs to concentrate on preparation. One has to surpass the scores of many others in order to stand a chance.

The first thing you need to know is the pattern of the exam. A written test for a bank exam consists of 2 parts, objective part and a descriptive part. The objective part consists of four sections namely, Verbal ability, Quantitative ability, Logical Reasoning and General Awareness/ Marketing aptitude. The exact pattern for a specific bank can be found in the 'acquaint yourself booklet' which you get when you apply for an exam.

Many students requested me to recommend an all-in-one kind of book to refer for these examinations. Students are requested to practice from as many sources (online and offline) as possible to enable them to adapt to various kinds of papers. Practicing from multiple sources will broaden their horizon providing them flexibility and better ability to handle any kind of situation.

Although one book cannot be an end in itself, I am listing below a list of the best Bank Clerical and Bank PO examination books available. Instead of buying books at MRP from book stores, it would be wise to either buy them second hand (disadvantage of not getting the latest pattern) or through websites like flipkart.com (advantage of getting the latest editions at heavily discounted prices).

Best Bank PO and Bank Clerical Books

  1. BANK PO & Specialist Officers Exam Guide – by Gkp (Publisher: G. K. Publishers (p) Ltd) – Purchase Online
  2. Along with building the fundamentals on various topics covered under banking exams with the help of the book – BANK PO & Specialist Officers Exam Guide, a candidate needs to practice as much as possible. For preparation of Bank P.O. exams I suggest a book from the same publisher GKP. They publish an excellent collection of previous papers of Bank P.O. examinations of all major banks in the name of Previous Papers BANK P. O. Recruitment Exam – Purchase Online
  3. Another good book for probationary officers' examination is "BPO : Bank Probationary Officers’ Exam" by Ashok Mehta. For people preparing for this banking examination, I think it is an investment worth making. Purchase Online
  4. For clerical recruitment – Bank Clerical Cadre Recruitment Exam by T. S. Jain – Purchase Online
  5. For Bank I.T. officers examination preparation – Bank I. T. Officers : For All National & Private Sector Banks Exam Guide by Publisher: Ramesh Publishing House (2011) Editorial Board – Purchase Online

Check out other books for preparation for a specific bank using this link – list of bank examination books

If you need any further help from me regarding the above list please let me know by posting a comment below.

Related posts:

  1. Best Logical Reasoning Books
  2. Best Speed Maths Books


March 28, 2011

What is Lateral Thinking?

What is Lateral Thinking?


What is Lateral Thinking?

Posted: 27 Mar 2011 04:38 AM PDT

Lateral Thinking is a powerful method to use the unused potential of brain. This is originally propounded by Edward De Bono.  In this post various simple methods which can bring about lateral thinking capabilities in a reader are described. This post will surely help all CAT aspirants and future managers.

Lateral Thinking Methods or Skills-

There are a number of mental tools or methods that can be used to bring about lateral thinking. These include the following-

Random Entry: Choose an object at random, and associate that with the area you are thinking about. This is also called the method of focal objects.

For example imagine you are thinking about how to improve fireup.co.in. Choose an object at random from your room, you might see a spectacle. Spectacle helps to see things clearly. Perhaps this makes you think of embedding sound software that would readout the concepts and other website materials which would be a great help for visually impaired students.

Provocation: Provocation provokes us to look at things not as they are but as what they might be. We must change our perception in order to change directions and seek alternative solutions and questions what if, suppose what would happen, etc.. Make an idea that may not be direct solution to the problem but which moves thinking forward to a new place from where new ideas or solutions may be found.

Challenge: Simply challenge the way things have always been done or seen, or the way they are. This is done not to show there is anything wrong with the existing situation but simply to direct your perceptions to exploring outside the current area.

For example you could challenge coffee cups being produced with a handle. There is nothing wrong with coffee cups having handles so the challenge is a direction to explore without defending the status quo. The reason for the handle seems to be that the cup is often too hot to hold directly. Perhaps coffee cups could be made with insulated finger grips, or there could be separate coffee cup holders similar to beer holders.

Lateral thinking can be inculcated as propounded by Edward De Bono in his book “Lateral Thinking: Creativity Step By Step”. According to me and most of the people who have ever read this book it is a must read for anyone who is concerned with decision making and problem solving.  Purchase Online from Flipkart.com

Real life examples of lateral thinking

This question was asked to a candidate in a top MNC to elicit his true perception

Q – A man and his son are in a car crash. The man is killed and the son is taken to hospital gravely injured. When he gets there, the surgeon says “I can’t operate on this boy- he is my son!” How is this possible? [Surgeon is telling the truth, the boy don't have two fathers and he has no look alike]

This is an example of a quick assumption blocking the mind’s ability to explore alternatives. In this case the assumption is that the quintessential doctor is a male. If a candidate change his perception to allow for a female surgeon, then the answer is suddenly obvious, the surgeon is the boy’s mother.

You can find more than 50 examples here – lateral thinking questions.

Hope you like this post on Lateral Thinking. Let us know your views on this by posting a comment below.

Related posts:

  1. Logical Reasoning vs. Lateral Thinking
  2. Solving more problems by Lateral thinking


March 25, 2011

Avoid these two emotions and Be a successful Investor

Avoid these two emotions and Be a successful Investor


Avoid these two emotions and Be a successful Investor

Posted: 25 Mar 2011 05:38 AM PDT

Let's start having a look: An experienced long-term investor once told me that when he looked at his face after a share market fall he found despair and fear, while the same face showed enthusiasm...

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March 24, 2011

Maharashtra Budget 2011

Maharashtra Budget 2011


Maharashtra Budget 2011

Posted: 24 Mar 2011 01:03 AM PDT

Generally it is the Union Budget presented by Finance Minister of India which creates a lot of furor in the securities markets. But this time around, there is a state budget which is causing market...

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March 17, 2011

How & Why Should you invest in Stock Markets Even After Your Retirement?

How & Why Should you invest in Stock Markets Even After Your Retirement?


How & Why Should you invest in Stock Markets Even After Your Retirement?

Posted: 17 Mar 2011 03:26 AM PDT

Inflation and Retirement Most Retirees feel great getting a bulk sum as provident fund and gratuity, and wish they knew a magician, who could spin their money 2 to 3 times in just 5 years, in...

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March 10, 2011

Life insurance – What’s in it for you?

Life insurance – What’s in it for you?


Life insurance – What’s in it for you?

Posted: 10 Mar 2011 01:37 AM PST

People don't quite appreciate how useful life insurance can be. It's a very effective way of covering a lot of possible eventualities. "Life insurance" is literally insuring your way of life, as well...

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March 9, 2011

Fantastic Four Stocks of India – Stock 2 Suzlon Ltd

Fantastic Four Stocks of India – Stock 2 Suzlon Ltd


Fantastic Four Stocks of India – Stock 2 Suzlon Ltd

Posted: 08 Mar 2011 11:07 PM PST

Suzlon is the second of the 4 stocks in our series of India's Fantastic Four Stocks (Stock 1) It is among the four stocks that are probably most widely held by retail/HNI investors from the days of...

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March 8, 2011

Health Insurance Industry in India – Landscape

Health Insurance Industry in India – Landscape


Health Insurance Industry in India – Landscape

Posted: 07 Mar 2011 10:57 PM PST

Health Insurance, of late, has been in the news increasingly. Most recently it was the Health Insurance Portability with which the Insurance Regulator claims to score a huge benefit for consumers....

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