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IBPS Entrance Examination

CAT Preparation

IBPS – Online Registration Date Announced

The Institute of Banking Personnel Selection (IBPS) has taken out the notification for inviting applications from eligible candidates for Online CWE for RRBs (RRBs- CWE-III) for recruitment of Group ‘A’-Officers (Scale-I, II & III) and Group ‘B’-Office Assistants (Multipurpose) positions.

Given below are the important details that you need to know:

Age Limit (As on June 1, 2014)

S.No. Posts Age
 1. Officer Scale- III Should be between 21 to 40 years of age
 2. Officer Scale- II Should be between 21 to 32 years of age
 3. Officer Scale- I Should be between 18 to 28 years of age
 4. Office Assistant (Multipurpose) Should be between 18 to 28 years of age

 

Application Fees

Posts Class Amount
 

Officer (Scale I, II & III)

SC/ST/PWD candidates Rs.100
Others Rs.600
 

Office Assistant (Multipurpose)

SC/ST/PWD/EXSM candidates Rs.100
Others Rs.600

 

Important Dates

Events Dates
Opening date for online registration June 18, 2014
Closing date for online registration July 9, 2014
Tentative date of examination for Officers September 6 and 7, 2014
Tentative date of online examination for Office Assistant (Multipurpose) September 13, 2014/September 14, 2014/ September 20, 2014/ September 21, 2014

 

For more information on how to apply and other details, you can visit their official website: http://www.ibps.in

You can also contact SmartPrep center near you to get complete details about the exam and on how to prepare for the same.

All the Best,

SmartPrep Team

 

BMS Online Forms are out

Dear Students,

The online application forms for the course Bachelor of Management Studies offered by Delhi University is now available on www.du.ac.in & www.fms.edu The last date to apply for the course will be June 18, 2014. The registration process is to be managed by Faculty of Management Studies (FMS). There are total 840 seats in 6 colleges of Delhi University offering this undergraduate course. The entrance exam would be conducted on June 26, 2014 from 3pm to 5pm.

The selection criteria would be on the basis of marks obtained in boards as well as in entrance exam. The seats will be allotted to qualified candidates through counselling and not Interview.

The list of eligible candidates would be displayed by July 4, 2014 and the counselling would be conducted thereafter.

All the Best to all Students applying for BMS Entrance Exam!

SmartPrep Team

What will a Bachelor with Honors in Management Studies or BMS degree help you with?

A student who completes graduation in BMS from Delhi University prepares a student to explore career opportunities in the ever growing management field. This full time program opens avenues for an individual to either start up a venture on own or join a corporate for good job opportunities. There are several features of management in an organization:

  1. Multidisciplinary in Nature
  2. Result – Oriented
  3. Continuous and never ending process
  4. Working as a team and not as an individual
  5. Management is a continuous and never ending process
  6. Aided but not replaced by the technology
  7. Management is an art of delegating responsibilities to help subordinates grow
  8. The predefined principles and rules are to be followed with professionalism
  9. Learning the multidisciplinary actions in an organization
  10. Dynamic in nature and intangible in services
  11. Management is both an art and science
  12. It’s separate from ownership and is prevalent to all

Various Functional Areas of Management

There are various departments in an organization which work in coordination with each other and are interdependent. To understand the processes involved in management, we have categorized the various functions in 4 heads, namely:

Marketing Management Production Management
Personnel Management Financial Management

(1)         Marketing Management: The management of distributing the product to the buyer is called marketing management. Marketing has certain sub areas like:

  • Advertising: This area deals with advertising of product, introducing new product in market by various means and encourage the customer to buy these products.
  • Sales management: Sales management deals with fixation of prices, actual transfer of products to the customer after fulfilling certain formalities and after sales services.
  • Market research: It involves in collection of data related to product demand and performance by research and analysis of market.

(2)    Personnel Management: Every organization needs manpower for proper functioning of the various departments and the processes involved. Given below are the sub areas of personnel management:

  • Recruitment & Selection: The role of recruitment personnel is to understand the needs of manpower in various departments so as to assign a resource to fulfill the role and responsibilities. It is also the responsibility to keep a track of the job description against which the vacancy has to be announced because only then it would be possible to employ a person suiting that role.
  • Training & Development:A recruitment personnel has to make arrangements to conduct training programs to make the employees competent to grow in the organization. These training programs also help in interacting with employees and understanding the challenges faced by an employee so as to help them in overcoming the issues.
  • Personnel Planning:This deals with preparation inventory of available manpower and actual requirement of workers in organization.
  • Remuneration Management: A human resource personnel has to deal with assessing the job, merit rating of jobs and making salary and incentive policy for employees.
  • Cordial Relations:To keep the employees work with zeal all the time, it is necessary to maintain a healthy and interactive relation with them, to provide them good working conditions and assist in the welfare of the employees.

(3)      Production Management: To make a product, a lot of controlling and coordinating of activities is required regarding the costs involved, the delivery schedules, the quality of the products produced, how wastage can be eliminated, and various other processes. There are various sub-areas under this department:

  • Production Planning: There are various policies and methods that are planned by the manager to  produce the product.
  • Research and Development: Before a product is to be produced or an idea has to be thought of, it is useful to perform research and development of the various methods or techniques involved. All the activities of manufacturing department are dealt here. Other processes involve improvement in existing processes or development of a new product.
  • Location and layouts: The production plant has to be set up and it is the responsibility of the production manager to design the layout of the same and decide about the locations depending on the suitability of the area according to the nature of the work.
  • Supervision of the material: This area deals with procurement, storage, issue and regulating of the material required for production department.
  • Quality Control: To ensure customer satisfaction, a product after it is produced goes through a lot of testing and measures. This is done to check if the quality of the product produced is up to the standards of what’s being promised to the customers.

(4)      Financial Management: The management, utilization and procurement of funds required for various processes are termed as financial management. The importance of this type of management lies in the fact that if funds are not managed properly, then, either there will be deficit or surplus of funds which would result in improper functioning of the business. The sub areas under this type of management are as follows:

  • Management Accounting: In order to take certain decisions on investment plans, return to investors and dividend policy, it is very much important to analyze and interpret financial records in an organization.
  • Financial Accounting: To understand the financial position of the organization, financial statements are required as they a record keeping for various financial transactions that take place.
  • Costing: Costing deals with recording of costs, their classification, analysis and cost control.
  • Taxation: This deals with various direct and indirect taxes which organization has to pay.

To conclude, we can say that an undergraduate course in management helps in attaining knowledge of each department and gives an exposure in theoretical terms of the various processes involved. This widens the scope of exploring job opportunities.

Have you started your preparations for BMS Entrance Exam?

Join SmartPrep and be a part of the Comprehensive Training Program that we offer to management aspirants.

Good Luck!

SmartPrep Team

Scope of Cyber Law

Cyber law is that stream of law where all the cyber-crimes such as theft, fraud, etc. all of which are subject to the Indian Penal Code are addressed by the Information Technology Act, 2000. With advanced technology and changing times, almost all the processes are now going on IT platform. This is giving rise to increase of cyber-crimes in India as well as abroad.

Cyber-crimes are broadly categorized in two different categories:

(1)   Using a computer to target other computer – for eg. Virus attacks, hacking, etc.

(2)   Using a computer to commit crimes – for eg. Credit card frauds, cyber terrorism, etc.

Cyber-crime is a criminal exploitation of the internet. A misconduct that is committed against an individual or groups of individuals with an unlawful intention to hurt the position of the victim or cause any mental or physical harm to the victim directly or indirectly by using advanced IT and related sources such as Internet and mobile phones is termed as cyber-crime. Such crimes may be harmful for a country.

All these activities leading to crimes have given rise to a relatively new field in law for protecting the interests of an individual which is called cyber law. Cyber law is important because it touches almost all aspects of transactions and activities on and concerning the Internet, the World Wide Web and Cyberspace.

Cyber law is concerned with every individual these days. This is primarily because we all use internet in some or the other form daily. Internet is used when we create any account online, while performing e-commerce transactions, net banking, sending or receiving emails, surfing the net to take out some important information, etc.

There are several advantages of Cyber Law to protect the individuals from getting trapped in any cyber violations. The IT Act 2000 provides several guidelines in this regard.

  • Organizations shall now be able to carry out e-commerce using the legal infrastructure provided by the Act.
  • The Act throws open the doors for the entry of corporate companies in the business of being Certifying Authorities for issuing Digital Signatures Certificates.
  • Under the IT Act, 2000, it shall now be possible for corporates to have a statutory remedy in case if anyone breaks into their computer systems or network and cause loss.
  • The Act now allows Government to issue notification on the web thus indicating e-governance.
  • The IT Act also addresses the important issues of security, which are so critical to the success of electronic transactions.

It is to be noted that since cyber law cannot be restricted to a geographical area, therefore, a single transaction may involve the laws of at least three authorities: (1) the laws of the state/nation in which the user resides, (2) the laws of the state/nation that apply where the server hosting the transaction is located, and 3) the laws of the state/nation which apply to the person or business with whom the transaction takes place.

There is a tremendous scope of cyber law in India as the number of activities through internet is on increase with the changing times, the requirement for cyber laws and their application is gathering momentum and hence the career option as a cyber-lawyer seems very lucrative option for students.

The requirements of being a successful cyber lawyer:

  • Capability of analyzing a problem along with a deep understanding of the subject.
  • Good observer and ready to accept challenges
  • The person should be technically aware of the changes taking place in the IT sector.
  • Being quick and concerned to look at the web as an information provider are the other two qualities.

As for this branch of law is concerned, there are several job opportunities which are on its way for students who aspire to be into cyber law. One can join as a cyber-consultant in an IT firm, police departments or in banks, or as research assistants in a law firm, or a technology firms, or as advisers to web developers, in the ministry of information & technology or in corporate houses.

If you are still confused about choosing cyber law as your main stream career option or you are still not aware of the scope of cyber law, come and meet us and we would be able to guide you on the future prospects of cyber law in India and abroad.

Best Wishes,

SmartPrep Team

BMS Entrance: A ray of hope rekindled

 

Ray of hope enlightened for BMS aspirants

The Delhi University administration conducted a meeting on Monday and has finally come on the conclusion to keep entrance test for Bachelor with honors in Management Studies. The much hyped discussion on the entrance exam –to be there or not to be there has been rowing over from the past few months.

But, students can now still expect the entrance exam and admissions to this course will now be conducted on the basis of Class XII marks (best of four subjects) and an entrance exam. Both scores will be given equal weightage (50%) and other important details regarding the admission process will be finalized soon.

In an earlier notification, Faculty of Management Studies recommended doing away with entrance exam and admitting students on the basis of Class XII marks and an interview, however, principals of the 6 colleges where the course is conducted opposed the proposal.

So, all the aspirants who are looking forward to pursue BMS at either of the 6 colleges namely, Sukhdev College of Business Studies, Deen Dyal Upadhyaya, Keshav Mahavidyalaya, Maharaja Agrasen College, College of Vocational Studies and B R Ambedkar-with a total of 840 seats can still be hopeful and keep their fingers crossed to make it to the most desired university.

All the Best!

SmartPrep Team

SBI goes online for Bank PO Exams

Every year, lakhs of students apply for State Bank of India’s (SBI) Probationary Officer (PO) exams. The aspirants apply for the 1800 posts that SBI takes out for PO exam. It is to be believed that the advanced technology, changing rules and regulations, new licensing policy by RBI, and various other such factors will give rise to around 15 to 20 lakh new jobs in the banking sector in the years to come. When it comes to joining a bank, SBI is the most preferred choice of many aspirants for both clerical as well as probationary officer posts.

SBI has made official announcement that around 17 lakh aspirants have applied this year for 1800 vacancies of PO.

The selection procedure includes qualifying in the written exam, and further the shortlisted candidates have to appear in group discussion and personal interview.

The exam is conducted in two phases – first phase is a 2 hours objective type test of 200 marks and a descriptive test of 50 marks. The first phase consists of 4 sections – English Language, General Awareness, Data Analysis & Interpretation and Reasoning. The objective test would be online and immediately after the objective tests, the descriptive tests would be held which is required to be given with pen & paper.

Each candidate is required to qualify in both the tests separately and the decision of the bank should stand final.

The second phase of the entrance exam comprise of group discussion of 20 marks and personal interview of 30 marks. The aggregate marks of qualified candidates (who qualify both in objective & descriptive tests) will be arranged in descending order in each category of candidates in the order of merit and would be called for group discussion and interview.

The online examination will add to the value of the exam because of the fact that large numbers of aspirants appear for SBI – PO & clerk exams and it becomes a cumbersome process to monitor each of the processes. With almost everything appearing on e-platform, the decision of taking the objective exam online will save the efforts and time of the aspirants and the bank.

Concept of Legal Process Outsourcing (LPOs) in India

Outsourcing is the act of obtaining services from an external firm. Legal process outsourcing is defined as outsourcing the legal processes and procedures from areas where it is costly to perform to an outside firm offering significantly decreased costs to process the legal formalities.

The concept of LPOs has been growing rapidly in the recent years, thus, giving more job opportunities to Indian law professionals. The processes covered under LPOs with substantial fees to India are as under:

(i)                 Legal transcription,

(ii)               Legal, business or market research,

(iii)             Litigation support,

(iv)             Document drafting like standard contracts, agreements, letters to the clients, patent applications, etc.,

(v)               Paralegal services,

(vi)             Intellectual property, such as patent application and compliance,

(vii)           Administrative and secretarial activities like following up with clients, etc.

The processes are conducted by experienced law professionals who are supposed to work on the globally accepted industry standards. It is the key responsibility of the LPO operating in India to provide utmost satisfaction to the clients with 100% data security.

Every year, there are a lot of candidates who aim to pursue Law as a career and this is mainly because of the advantages associated with it. One gets a lucrative career for life long, the not so easily ending list of career options, authority and respect in the society, a challenging nature of work with varied clients, etc.

India is considered as a preferred location for LPOs because of the most researched and uniformed legal systems being practiced. LPO proves to be rewarding route to reduce costs and increase productivity by outsourcing legal works to India. However, there are several other factors which push people from abroad to enter into Indian legal system:

  • Awareness of common law principles
  • Plenty of Indian lawyers with US/UK qualifications
  • Difference in the costs of the labor – foreign countries tend to save around 80% of their costs when they outsource their legal processes to India
  • Reliability and efficiency offered by Indian law professionals
  • Most of the LPOs work 24*7
  • Analytical approach of the Indian lawyers

Indian LPOs are in demand because every year, there is a large pool of legal professionals having a good working knowledge of English graduate from various universities. Currently there are about 100 LPO firms in India. Companies such as Inventurus, Pangea3 and Integrecon, Mindcrest have started massive hiring in Mumbai.

 

You must be wondering that how can you get into a LPO?

Well, it is not as difficult as you think! You can either get into any LPO after completing your 5 years graduation in law or else you can pursue 3 years law (such as DU LLB) after completion of your graduation in any stream. However, it is also to be kept in mind that in whichever university you prefer to take admission should acquaint you with US and UK law practices. The reason behind this is that a lot of work comes from these places.

If you are still confused about what is a LPO, how to start law coaching, when to start, and other such questions, then come and meet SmartPrep team and we would be there to help you with all your queries.

We at SmartPrep make sure to be your complete guide in your journey to be a successful lawyer.

All the Best!

SmartPrep Team