RBI issued new 500 and 2000 rupee note

After the Prime Minister Narendra Modi made the  old 500 and 1000 Indian currency  notes illegal in an announcement on 8th November 2016, Reserve Bank of India, India’s central banking institution, which controls the monetary policy of the Indian rupee, released the details of the new currency note of Rs. 500 and Rs. 2000.

Salient features of the new currency

Rupee 500 note

 

New Indian 500 currency
Image credit: http://www.bemoneyaware.com/

Feature:

  1. Size: 66mm x 150mm
  2. Color: Stone Grey
  3. Theme: Indian heritage site- Red Fort.  On the backside of the note, an image of Red Fort with the Indian flag is placed.

For Visually impaired:

  1. Circle with Rupee 500 in raised print on the right.
  2. 5 angular bleed lines on left and right side in raised print.

 

Rupee 2000 note

New Indian 2000 currency
Image credit: http://www.bemoneyaware.com/

Feature:

  1. Size is 66mm x 166mm
  2. Color of the note is Magenta
  3. On the backside of the note, a motif of Mangalyan is displayed depicting country’s first venture into interplanetary space.

For Visually impaired:

  1. Horizontal rectangle with Rupee 2000 in raised print on the right.
  2. 7 angular bleed lines on left and right side in raised print.

Common Features of new 500 and 2000 note:

Obverse (Front)

  1. See-through register with denominational numeral 500 or 2000, visible when the currency is held against a light.
  2. Latent image with denominational numeral
  3. Denominational numeral is in Devnagari
  4. Portrait of Mahatma Gandhi is in the center
  5. Micro letters ‘RBI’ and denominational numeral on the left side of the banknote.
  6. Windowed security thread with inscriptions ‘Bharat’, RBI and denominational numeral on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted.
  7. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right.
  8. Denominational numeral with Rupee Symbol in colour changing ink (green to blue) on bottom right.
  9. Ashoka Pillar emblem on the right.
  10. Mahatma Gandhi portrait and electrotype watermark.
  11. Number panel with numerals growing from small to big on the top left side and bottom right side

For Visually Impaired

Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark.

Reverse (Back)

  1. Year of printing of the note on the left
  2. Swachh Bharat logo with slogan on the left
  3. Language panel towards the center
  4. Denominational numeral in Devnagri on the right

That is all about new currency note.

Credit:

  1. “Now your bank notes in a new design RBI issues Rs. 2000 & Rs. 500 notes in a new series” retrieved from https://www.rbi.org.in

For extra knowledge:

A short history of 150 years of paper currency in India

 

 

India, Israel inked two agreements on 15th November 2016

During Israeli President Reuven Rivlin eight-day visit to India (from 14 November to 21 November 2016), on15th November, India and Israel inked two agreements in the field of water resources management and agriculture. 

They were signed following the delegation-level talks between Prime Minister Narendra Modi and the visiting Israeli President Reuven Rivlin in New Delhi.

Main Points of discussions during the delegation level talks were:

  • enhancing agricultural productivity and efficiency;
  • boosting research and innovation linkages;
  • employing applications of science and technology for the benefit of our societies;
  • Forging strong trade links and investment ties;
  • Building defense ties to secure our people;
  • Enhancing people to people ties through greater cultural and tourism linkages; and
  • 7 Promoting educational exchanges.

It is the first time any Israeli president came here in past two decades. The last and first President of Israel to visit India was Ezer Weizman in 1997.

Prime Minister Modi is also likely to visit Israel next year for the 25th-year celebrations of diplomatic relations between the two countries.

Credit:

  1. Shubhajit Roy (November 16, 2016), Israel President backs India on terror fight, PM Modi targets Pakistan, Retrieved from http://indianexpress.com/article/india/india-news-india/israel-president-backs-india-on-terror-fight-pm-modi-targets-pakistan-terrorism-4377923/
  2. Media Statement by Prime Minister during the State visit of President of Israel to India (November 15, 2016), Retrieved from http://mea.gov.in/

English Cloze Question-SBI PO 2015 Prelim

In the given passage, there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

A strong economy would improve livelihoods and give hope for the future, but the lack of reliable electricity in the country has contributed to holding back prosperity. Over the past five years, GDP growth has averaged 3 percent, too …..(1)….. to fight poverty and create jobs. Demand for power outstrips what the country can produce and …… (2)…… . Planned and unplanned electricity outages of 12 to 16 hours daily nationwide …… (3)…… business, aggravate unemployment and spark angry protests. The country has ……(4)…… energy resources- an estimated 186 billion tons of coal, over 100,000 megawatts of hydro potential and wind potential of up to 3,46,000 megawatts. But the technology and investment to ……(5)…… these resources are limited. An overreliance on imported fuel has exposed the country to high oil prices and there isn’t enough money to keep the system – a mix of private and state-run enterprises running or to fix faulty infrastructure that leaks electricity. A resolution of power crisis is thus very critical to the survival of the country.

1. Over the past five years, GDP growth has averaged 3 percent, too …..….. to fight poverty and create jobs.

A. Much
B. Low
C. Required
D. Tough
E. Minimal

Answer: B. Low

Explanation:

In this sentence, the author argues that the GDP growth is not sufficient to fight poverty and create jobs. On the first look, options (a) much, (c) required and(d) tough don’t support his argument.

Then we left with option (b) low and option (e) minimal. Usually, students confuse between these two words while answering this question. So, let us define them and then decide which will suit this sentence.

Low- When we use low, we intend to say that something is lesser in volume, degree or content. For example- low pressure, low vision, low power, etc.

Minimal- On the other hand, minimal means the minimum or lowest possible amount of something. For example- The storm caused minimal damage in our city.

The argument in this sentence is not about what is the minimal value of GDP growth; it could be high or low.

Hence, the answer is (B) low

2. Demand for power outstrips what the country can produce and …………

A. Represent
B. Sufficient
C. Adequate
D. Amount
E. Deliver

Answer:  (E) Deliver

Explanation: In this sentence, the author is talking about electricity power which a country can produce and distribute or deliver.

3. Planned and unplanned electricity outages of 12 to 16 hours daily nationwide ………… business, aggravate unemployment and spark angry protests.

A. Run
B. Happens
C. Plans
D. Effect
E. Hurt

Answer: (E) Hurt

Explanation: Electricity outages of 12 to 16 hours nationwide means, there is no electricity for economic activities. So, it definitely hurt the business.

4. The country has ………… energy resources- an estimated 186 billion tons of coal, over 100,000 megawatts of hydro potential and wind potential of up to 3,46,000 megawatts.

A. Ample
B. Fix
C. Worst
D. Frequent
E. Paucity

Answer: (A) Ample

Explanation:

By any estimate, 186 billion tons of coal, over 100,000 megawatts of hydro potential and up to 3,46,000 megawatts wind potential is more than enough for any country to have in its energy pool. So, the option (c) worst; which means most degraded and (e) paucity (An insufficient quantity or number) do not fit the sentence.

The sentence does not indicate that the country has fix energy resource; it only provides an estimate. Therefore we could discard option (b). Fix.

Option (d) Frequent, means happening of something in a regular or short interval. So, We could easily omit this option.

We have an option (a) ample to represent the meaning for more than enough. Hence this would be our answer.

5. But the technology and investment to ………… these resources are limited.

A. Lack
B. Solve
C. Waste
D. Exploit
E. Advantage

Answer: (D) exploit

Explanation: Through this sentence, the author tries to explain that we have limited technology and investment capacity to utilize these ample energy resources.

Thus, the option which represents the word “utilize” will be our answer. By checking the dictionary I found that exploit also means utilize. Hence the correct answer is (D).

Other options are:

Lack – A state of absence of something.

Solve – To find  a solution

Waste – throw away or spend thoughtlessly.

Advantage- Benefit resulting from some event or action

 

If you like the explanation and learn from this article, please share it with your friends.

What is the value of x in x^(1/3) – x^(1/9) = 60

Question:-

question-1

Explanation:

To simplify the equation, let us consider-

equation-1

We should also change the second term in y form-

equation-2

By putting the value of x from equation (1) in (2)

equation-3

Therefore,

equation-4

Now, to solve this polynomial equation we find the factors of the constant value 60 and substitute y with each factor for checking whether it makes the equation equals 0. Whichever factor will make the equation equals 0 will be the value of y.

So the factors of 60 are = 5×4×3

By substituting 5 in place of y,

equation-5

Now we check the next factor 4

equation-6

Hence, y = 4

Note: We could also do above calculations mentally to save the time.

From the equation (1) we know that

equation-7

Hence, the correct choice is option (b)

 

You can read below concepts to solve this type of questions:

  1. How to Factor a Cubic Polynomial
  1. Fractional (Rational) Exponents

 

Request: If you like this explanation, please share it with your friends.

RA Question 1- Inequality Problem

Which of the following expressions will be true if the expression R > O = A > S < T is definitely true? 1) O > T 2) S < R 3) T > A 4) S = O 5) T < R

Solution:

Let me rewrite the expression:

R > O = A > S < T

To solve this type of question, it is better to check each option and test it for its truthfulness.

  1. O > T
    T > S < A = O
    T>S<O (because A = O)
    In the above expression, two symbols (>,<) are in opposite direction. According to inequality rules when two different symbols with equal priority make a relationship  with variables, the conclusion would be false.

    In this expression, S is less than T and it is also less than O. So, the relationship between T and O is undefined. T could be > or < or = with respect to O. To make it clear, suppose S is 30 and T is 50.

    S<T or 30<50.

    Now what would be the value of  O.

    O could be 40, greater than S but less than T.
    O>S; T<O

    O could be 50, which is greater than S but equals to T.
    O>S; O=T

    O could be 60, which is greater than S and also greater than T
    O>S; O>T

    Hence, conclusion O> T is false.

  2. S < R
    S< A = O < R
    S<A<R

    S is less than A which is equals to O. A and O both is less than R,

    Hence, S < R. It’s true.There is no need to solve further as we get the answer (2) S < R