Monthly Archives: April 2015

SCHEMES : PMSBY, PMJJBY AND APY

The Prime Minister Shri Narendra Modi will launch three ambitious Social Security Schemes pertaining to the insurance and pension sector on 9th May 2015 at Kolkata. This would be a path breaking initiative towards providing affordable universal access to essential social security protection in a convenient manner linked to auto-debit facility from the bank account of the subscriber. The two insurance schemes to be launched, namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) would provide insurance cover in the unfortunate event of death by any cause / death or disability due to an accident, whereas the pension scheme, Atal Pension Yojana (APY), would address old age income security needs. The convenient delivery mechanism of the schemes is expected to address the situation of very low coverage of life / accident insurance and old age income security products in the country. 

PMSBY will offer a renewable one year accidental death cum disability cover of Rupees Two Lakh (Rupees One Lakh for partial permanent disability) to all savings bank account holders in the age group of 18 to 70 years for a premium of Rs. 12/- per annum per subscriber. The scheme would be offered / administered through Public Sector General Insurance Companies (PSGICs) or other General Insurance companies willing to offer the product on similar terms on the choice of the Bank / RRB / Cooperative Bank concerned. 

PMJJBY on the other hand will offer a renewable one year life cover of Rupees Two Lakh to all savings bank account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per annum per subscriber. The scheme would be offered / administered through LIC or other Life Insurance companies willing to offer the product on similar terms on the choice of the Bank / RRB / Cooperative Bank concerned. 

APY, the third scheme to be launched, will focus on the unorganised sector and provide subscribers a fixed minimum pension of Rs. 1000, 2000, 3000, 4000 or Rs. 5000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years. Thus, the period of contribution by any subscriber under APY would be 20 years or more. The fixed minimum pension would be guaranteed by the Government. While the scheme is open to back account bank account holders in the prescribed age group, the Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, for a period of 5 years for those joining the scheme before 31st December, 2015 and are not members of any statutory social security scheme and are not income tax payers.

KYO (Know Your Organization) – FAO

The Food and Agriculture Organization of the United Nations (FAO) is an agency of the United Nations that leads international efforts to defeat hunger. Serving both developed and developing countries, FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO is also a source of knowledge and information, and helps developing countries and countries in transition modernize and improve agriculture, forestry and fisheries practices, ensuring good nutrition and food security for all. Its Latin motto, fiat panis, translates as “let there be bread”. As of 8 August 2013, FAO has 194 member states, along with the European Union (a “member organization”), and the Faroe Islands and Tokelau, which are associate members.


The idea of an international organization for food and agriculture emerged in the late 19th and early 20th century, advanced primarily by the US agriculturalist and activist David Lubin. In May–June 1905, an international conference was held in Rome, Italy, which led to the creation of the International Institute of Agriculture.

Later in 1943, the United States President Franklin D. Roosevelt called a United Nations Conference on Food and Agriculture. Representatives from forty four governments gathered at The Homestead Resort in Hot Springs, Virginia from 18 May to 3 June. They committed themselves to founding a permanent organization for food and agriculture, which happened in Quebec City, Canada on 16 October 1945 with the conclusion of the Constitution of the Food and Agriculture Organization.The First Session of the FAO Conference was held in the Chateau Frontenac at Quebec, Canada, from 16 October to 1 November 1945

The Second World War effectively ended the International Agricultural Institute, though it was only officially dissolved by resolution of its Permanent Committee on 27 February 1948. Its functions were then transferred to the recently established FAO.

FAO was established on 16 October 1945, in Quebec City, Quebec, Canada. In 1951, its headquarters were moved from Washington, D.C., United States, to Rome, Italy. The agency is directed by the Conference of Member Nations, which meets every two years to review the work carried out by the organization and to approve a Programme of Work and Budget for the next two-year period. The Conference elects a council of 49 member states (serve three-year rotating terms) that acts as an interim governing body, and the Director-General, that heads the agency.

FAO is composed of seven departments: Administration and Finance, Agriculture and Consumer Protection, Economic and Social Development, Fisheries and Aquaculture, Forestry, Natural Resource Management and Environment, and Technical Cooperation.

Beginning in 1994, FAO underwent the most significant restructuring since its founding, to decentralize operations, streamline procedures and reduce costs. As a result, savings of about US$50 million, €35 million a year were realized.

FAO logo.svg
Abbreviation FAO, ONUAA
Formation 16 October 1945, in Quebec CityCanada
Type Specialized Agency
Legal status Active
Headquarters Palazzo FAORomeItaly
Head
José Graziano da Silva(current)
Parent organization
UN Economic and Social Council
Website http://www.fao.org

Computer Quiz – 15

Q. 1 Which of the following input devices would be best suited to capturing images for use with a personal computer?

(1) Touch screen

(2) Digital camera

(3) Graphics tablet

(4) Optical mark reader

(5) None of these

Ans. (2) Digital camera


Q. 2 Which output device is suited to presenting information that is likely to change very frequently?

(1) Printer

(2) Sound card

(3) COM

(4) Monitor

(5) Plotter

Ans. (4) Monitor


Q. 3 Which of the following might be used to input and interpret information printed on bank cheques?

(1) COM

(2) MICR

(3) OCR

(4) CAD

(5) OMR

Ans. (2) MICR


Q. 4 Which type of printer works by using a charged drum to deposit particles of ink on the paper?

(1) Laser printer

(2) Thermal printer

(3) Daisywheel printer

(4) Inkjet printer

(5) Dot-matrix printer

Ans. (1) Laser printer


Q. 5 Which of the following storage devices is suited to holding large volumes of data that is unlikely to change often?

(1) CD-ROM

(2) Magnetic tape

(3) Floppy disk

(4) Hard disk

(5) Memory (RAM)

Ans. (1) CD-ROM


Q. 6 Which of the following storage devices is normally used to store the computer’s operating system, application software and data?

(1) Memory (RAM)

(2) Floppy disk

(3) Hard disk

(4) CD-ROM

(5) Magnetic tape

Ans. (3) Hard disk


Q. 7 In terms of computer storage, which of the following represents the largest unit of measurement? 

(1) Gigabyte (Gb)

(2) Bit

(3) Byte

(4) Megabyte (Mb)

(5) Kilobyte (Kb)

Ans. (1) Gigabyte (GB).


Q. 8 The concept of ‘zero administration’ is associated with _______.

(1) Portable computers

(2) Network computers

(3) Mini computers

(4) Desktop computers

(5) PDAs and organizers

Ans. (2) Network computers


Q. 9 The hardware component used to control the operation of a computer system is _______.

(1) RAM

(2) Keyboard

(3) Hard disk

(4) Processor

(5) Monitor

Ans. (4) Processor


Q. 10 The hardware component used for temporary storage of data and applications for processing is:

(1) Hard disk

(2) RAM

(3) Processor

(4) Monitor

(5) Keyboard 

Ans. (2) RAM