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What is JEE 2013?

JEE 2013

Confusion Among Aspirants about JEE 2013

The whole structure of the two major engineering entrance exam in India changes for the year 2013. After much debate, meetings and suggestions, finally ministry of human resource & development have come up with a plan to enhance the importance of 12th board. Now, the marks of 12th board will not only be a cut-off, instead it will impact the rank.

The sudden change in the whole pattern of admission have created an ambience of confusion among the aspirants. The terms has changed. AIEEE name is missing from the whole process. And, importantly CBSE is organizing one of the two JEE exams.

Lets go through the details of JEE 2013

JEE 2013: AIEEE becomes JEE (Main) and IIT-JEE becomes JEE (Advanced)

The most important change which is creating highest confusion among the aspirants is modification and alteration in the terminology. The engineering entrance exam AIEEE that CBSE used to conduct has been renamed as JEE (Main). Similarly, JAB which used to conduct entrance exam for IIT known as IIT-JEE has been renamed simply as JEE (Advanced).

In order to correlate both IIT JEE and AIEEE, the bigger brand name JEE has been used for both the exam. However, the structure of examination is nearly unchanged for both the exams.

JEE 2013: Weightage for 12th marks

This is the most important change that MHRD wanted in the IIT JEE for years. However, still nothing has changed if IIT JEE is taken into consideration. But, a lot have change for admission to colleges using AIEEE score.

The major reason which was cited in implementation of weightage to 12th board result was variance in the pattern and marks of all the 12th board examination bodies through out the country. The suggested normalization process was always seen as flawed and was resisted from implementation.

This year only admission to NITs, IIITs and other institute which were using AIEEE ranking earlier is going to get affected by the marks of 12th board. After the result of JEE (Main) and 12th board, a ranking will be given by the CBSE with 60 % weightage to JEE (Main) marks and 40 % weightage to 12th board normalized marks. This ranking will be used for admission to NITs and other engineering college for counseling and admission.

As for the IIT-JEE, 12th board result will not impact directly on the ranking. However, a student is required to be in top 20 percentile of their board. Now, the group of words used by the JEE (Advanced) for this eligibility citeria is “admission will be subject to the condition that the candidates are in the top 20 percentile of successful candidate of their boards”.

The use of percentile is very tricky and confusing. Let me explain. Percentile means % of students below you. Percentile starts from 0 and ends to 100. Hence, a top 20 percentile means a percentile greater than or equal to 80. Here, the use of term successful candidate of their board is a very important part which many might ignore. Let me give you an example to explain its importance.

In a board exam 11 students appear, and to be qualified to get a scholarship one needs to be in top 20 percentile of successful candidate, i.e. percentile of 80 or above. Now, the last student who passes will be on zero percentile and topper will be on 100 %. As one must have solved in Arithmetic Progression, the rest students will be equidistant from each other in percentile from 0 to 100.

Now, if all of them gets marks more than passing marks say 35. Then, the 11th position will get zero percentile, then the next one will be 10 percentile, then 20…so on to 100. And, the student with 80, 90 and 100 percentile will get the scholarship.

Now, if one of them either didn’t appear or fail in the exam and rest passes in the exam. Total no. of successful candidate will reduce to 10. Percentile of each students will be 0, 11.11, 22.22……77.77, 88.88, 100. Now, as only those students will be awarded the award which would get percentile of 80 or above. Only top two student will be awarded the scholarship instead of three.

This is the most interesting aspect of the words used by JEE (Advanced) as their criteria. As we see in the example above, even if the third student from the top didn’t do anything wrong and may be even he get the same marks as before. He was not awarded the scholarship.

Normally, if a student is getting a top 20 % rank in his school, which is a good school of his city. It is to be believed that he will be well within top 20 percentiler of his board. However, it is not certain as the percentile will depend on the no. of students passed. If a board is very tough and a lot of students fail in its exam. Even a change of 5 – 10 % success rate of students will hugely impact in the top 20 percentile list. I’m not scaring you. But, keep this aspect in your mind.

Further, whether you score 80 %, 90 % or 95 % in your board exam, it will not change your AIR in JEE (Advanced), neither it will effect in your branch or college. It will be just a bar which you have to clear by a good margin to remove any uncertainty.

Finally, what should be the average percentage of marks required for top 20 percentile. If your board result is not fluctuating much the answer of this question could be found very easily. Ask your school teacher to assist in analyzing your school’s last five year’s result in board exam. The result of your school’s student would not be a perfect sample for whole board. But, even if your school is a good school in the city, expect the bar marks for top 20 percentile in your school for last five years will be better than overall board’s bar mark.

JEE 2013: Structure of the Whole JEE 2013

The exam pattern of both the earlier exams AIEEE and IIT JEE are unchanged even though the names have changed. Whether it is JEE (Main) or JEE (Advanced), nothing related to the exam they conduct has changed. However, both the exams are now inter-related.

One have to fill the form for JEE (Main) till 15 Dec, 2012. Then, they have to sit for the JEE (Main) exam as earlier. The score for JEE (Main) will be declared by  7 May, 2013. However, ranking for admission in colleges through JEE (Main) will be declared on or before 7 Jul,2013. The 12th board appearing candidates have to submit their 12th board roll no. before downloading the admit card for JEE (Main).

CBSE along with the score of JEE (Main) will also declare the status of those who qualify for appearing in JEE (Advanced). After this to appear in the JEE (Advanced), the qualified candidates are required to register themselves at JEE (Advanced) website between 8 May, 2013 and 13 May 2013. The exam fee has to be paid through challan at SBI branches by 13 May, 2013. The written test of JEE (Advanced) will be conducted on 2 Jun, 2013 and result will be declared by 23 Jun, 2013.

It is advised to make a chronological schedule for all the events.

Summary

One thing has certainly changed with JEE 2013. Earlier, one could have just sat for IIT JEE. However, now even if one wants to write only JEE (Advanced). He has to sit and fill the form for both the exams.

On a whole I would say even though pattern of the exams have not changed. But, the end result and parameters for selection have changed. The effect of 12th marks may not effect much on JEE (Advanced). However, I expect this year the authorities are trying to assess the impact of 12th marks normalization. It is just a test for the normalization process. If everything worked fine, then I expect from next year or so 12th board marks will be taken into consideration for JEE (Advanced) AIR too.

If you find anything that I missed to cover in this article feel free to let me know. I would suggest to spread this article among your friends or share it on facebook for the benefit of every aspirants around you.

I’m giving links to articles written by me on similar topics:

  1. Kota: Paradise for IIT JEE Aspirants
  2. Role of Coachings in IIT JEE selection
  3. Hopes Beyond IIT
  4. IIT JEE 2013: What should be the strategy for repeaters?
  5. IIT JEE 2013: What should be Strategy for Partial Droppers?
  6. How to Prepare for IIT JEE 2013?
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Most Suitable Date for JEE (Main) Online Test

You must be knowing, the name of one of the most popular exam in India, AIEEE has been renamed this year to JEE (Main). The pattern for the exam is same. However, the importance of exam has changed a lot. You may read more about the whole exam JEE in my post What is JEE 2013?

how to choose a suitable date for JEE (Main)

Choose Your Date Wisely

AIEEE had introduced option to give the exam either online or offline (paper-pencil based) in 2010. There are various benefits of giving the test online. Like:

  • One can review and change the answer at any point of time
  • The above process can be done numerous number of times
  • No. of questions attempted or unattempted could be find instantly
  • Tougher or tricky questions could be marked for review later
  • Equal time is alloted to everyone
  • No disturbance during the exam for paper work
  • Don’t need any strategy for circling the answer with pencil
  • Flexibility to choose the exam date
  • It will save Rs. 300

If someone is comfortable with computers and can sit in front of computer screen for 3 hours continuously. It is strongly recommended to go for Online Test.

Now, I’m coming to the main point of this article. How to choose the most suitable date for JEE (Main) online test?

The answer to this question is not so easy. It will differ based on your willingness to appear for JEE (Advanced).

Date Selection

JEE (Advanced) is going to be conducted on 2nd June, 2013. JEE (Main) online test is scheduled between 8th April, 2013 to 25th April, 2013. If someone is appearing for JEE (Advanced), he needs more time for JEE (Advanced) preparation. Hence, he need to appear on the earliest suitable date for the exam. Keep no confusion, the bar of 150,000 students eligibility is not at all a test for the students who are serious for JEE (Advanced). So, don’t even think that you need good amount of time to be in top 150,000 students eligible to write JEE (Advanced). If you can’t get top 150,000 for JEE (Main), don’t waste your time for JEE (Advanced).

However, if someone is just going to appear for JEE (Main), not for JEE (Advanced), he need to choose the latest date of all. So, that he could concentrate well for both 12th board and JEE (Main).

Now, if you are willing to write JEE (Main) and JEE (Advanced). Don’t go for the First Day First Show. On the first two days there are chances of technical hitches during the exam. The invigilators and engineers at the test center try to familiarize themselves with the whole system of online test. Till the third day, the ambiance of test center becomes normal. Chances of hitches becomes quite less. Hence, it is recommended to choose the third day, 10th April, 2013 as your date for Online Test. However, this date is most suitable for morning slot. If you are willing to take the test in 2nd half, then go for 9th April, 2012 afternoon slot. Chances are very less of any technical problem on the second day afternoon slot. I will discuss about slot selection later.

If you are planning to appear for only JEE (Main) and you have to appear for 12th board also then choose latest dates viz 23rd or 24th April, 2013. This will give you a healthy gap for utmost preparation for JEE (Main). Plus, the pressure on your mind will be less. I didn’t recommended the last date as the invigilators would be taking this day lightly just as last working day before holidays. Remember, they would be busy with the exam for last 13 days continuously with two shifts of exams every day.

Slot Selection

Choosing the perfect slot for JEE (Main)

Don’t Get Stressed

Morning or afternoon slot plays vital role in your performance. Fundamentally, you must be knowing that the mind feels fresh in the morning hours. The thinking and analyzing capability is always higher in the morning. Overall, it is the best time to give your best shot. Remember, even if this would help you to solve just one extra question correctly. We are talking about a rank difference in hundreds to thousands. You have to give exam in the optimal state of time to deliver the best. The best from your capability means the best rank you can get in JEE (Main). However, morning or afternoon slot will not matter, if you train your body for the afternoon exam.

Those who are appearing just for JEE (Main) but are repeaters (not giving 12th board). The choice of date for you will depend on you only. As the date won’t matter for you. You might just feel relaxed from the exam pressure if you appear early. But, still if you need any suggestion, ask your query by the comment section below.

Read this article which will explain How to Prepare for JEE 2013 After Appearing for 12th Board

Do you need any help or any sort of suggestions? Just give a comment below. If you can’t comment below due to some reason. Send me mail at [email protected]

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Share Market Terminology: Part 1

  1. Sensex

    Sensex is the short form of Sensitive Index. The Sensex is value-weighted index composed of 30 stocks. The Sensex is regarded as the pulse of the domestic stock markets in India. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange. It is also called as BSE 30.

  2. Nifty

    Nifty or Nifty 50 is the leading index for large companies on the National Stock Exchange of India. The Nifty is a well diversified 50 stock index accounting for 21 sectors of the economy. During 60s and 70s this term was used to denote 50 popular large cap stocks on the New York Stock Exchange.

  3. Bull

    Bull means cause or attempt to cause prices to rise (in the stock exchange).

  4. BEAR

    Investor who believes a share or the overall security market will go down.

  5. Squaring Off

    Square off means to settle the position. If someone square off a trade, it means he have no position at the end of the day – only profit or loss. When you give cash order it means you give order with intention to take delivery. Thus, if you change your mind and want to sell the stock the same day (buy in case of a sell), you have to notify the broker that you are changing your trade from delivery based trade to intraday trade and thus squaring off your position.

  6. RALLY

    A rally is a term used to describe a sudden rise in stock prices, especially after a period of falling ones. For example, if the stock market drops in the morning and investors rush in to buy companies at the cheaper prices, the stock market has rallied.

  7. Crash

    A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

  8. Correction

    A correction is a short term price decline of 5% to 20% or so. A correction is a downward movement that is not large enough to be a bear market.

  9. Bonus Shares

    The term bonus means an extra dividend paid to shareholders in a joint stock company from surplus profits. When a company has accumulated a large fund out of profits – much beyond its needs, the directors may decide to distribute a part of it amongst the shareholders in the form of bonus. Bonus can be paid either in cash or in the form of shares.

  10. Dividend

    Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend.

  11. Book Closure Date

    When shares of a joint stock company invariably change hands during market trades, identifying the owner of some shares becomes difficult. So it is difficult to pass on certain benefits (like share bonus issue, splits and dividend payments) to shareholders.

    So, when a joint stock company declares dividends or bonus issues, there has to be a cut-off date for such benefits to be transferred to the shareholders. This date is termed as “Book Closure” date or “Record Date”. It is the date after which the company will not handle any transfer of shares requests until the benefits are transferred. Only shareholders marked in the company’s register at the Book Closure Date or the Record Date would be entitled to receive these benefits. In other words, shareholders that are on the company’s records as on that date are eligible for these benefits.

  12. Bonds

    A bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest and/or to repay the principal at a later date, termed maturity. A bond is a formal contract to repay borrowed money with interest at fixed intervals.

  13. Splits

    A stock split increases the number of shares in a public company. The price is adjusted such that the before and after market capitalization of the company remains the same and dilution does not occur.

    Ratios of 2-for-1, 3-for-1, and 3-for-2 splits are the most common, but any ratio is possible. Splits of 4-for-3, 5-for-2, and 5-for-4 are used, though less frequently. Investors will sometimes receive cash payments in lieu of fractional shares.

    It is often claimed that stock splits, in and of themselves, lead to higher stock prices; research, however, does not bear this out. What is true is that stock splits are usually initiated after a large run up in share price. Momentum investing would suggest that such a trend would continue regardless of the stock split. In any case, stock splits do increase the liquidity of a stock; there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies have the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume and volatility. Berkshire Hathaway is a notable example of this.

  14. Futures

    Investment contracts which specify the quantity and price of a commodity to be purchased or sold at a later date. On contract date, the buyer must take physical possession or make delivery of the commodity, which can only be avoided by closing out the contract(s) before that date. Futures can be used for speculation or hedging.

  15. Index Trading

    Index Trading is a fairly new concept based on short term financial trades or wagers. Unlike most other emerging ways to Trade on Share markets, Index Trades are mostly contracts bought for a fixed duration with a fixed return (often up to 97% of the investment).

    Index trades rely on the trader’s ability to predict whether a Share index will effectively rise or fall over a set period.

    If the trader has picked the correct direction and their trade is successful once the time has elapsed then they are generally paid out on the agreed return within minutes. This has added to the recent popularity of Index Trading however it still hinges completely on one’s ability to predict Share index movements and it is common knowledge that such a thing is not easy.

  16. Trading on Margin

    Margin buying or margin trading is buying securities with cash borrowed from a broker, using other securities as collateral. This has the effect of magnifying any profit or loss made on the securities. The securities serve as collateral for the loan. The net value, i.e. the difference between the value of the securities and the loan, is initially equal to the amount of one’s own cash used. This difference has to stay above a minimum margin requirement, the purpose of which is to protect the broker against a fall in the value of the securities to the point that the investor can no longer cover the loan.

    Most investors buy the futures, but there are times when margin trading makes more sense. If a stock is not in the futures list, the client can go for margin funding.

    Since futures are generally not available beyond one or two months, if the client has a longer view, then margin trading is better. Also, some brokers offer lower interest rates on margin trading than the prevalent rates in the futures market.

  17. Stock

    The capital stock (or just stock) of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors. Stock is distinct from the property and the assets of a business which may fluctuate in quantity and value.

  18. Bid

    The bid for securities (such as stocks, futures contracts, options, or currency pairs) is the difference between the prices quoted (either by a single market maker or in a limit order book) for an immediate purchase.

  19. Broker

    A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors. A broker may be employed by a brokerage firm.

    A transaction on a stock exchange must be made between two members of the exchange—an ordinary person may not walk into the New York Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a broker.

  20. Dow Jones Industrial Average

    The Dow Jones Industrial Average (DJIA), also referred to as the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, who is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.

    To calculate the DJIA, the sum of the prices of all 30 stocks is divided by a Divisor, the Dow Divisor. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; which made the DJIA at first, a simple arithmetic average.

Note

This list is being compiled using definitions provided at various sources. I tried my best to give the best general explanation of all the term. If any term need correction or improvement in its explanation, please use the comment section to do so. I will look through it.

>>>> Share Market Terminology: Part 2

Indian Economy: 2009 Vs. 2010

Introduction

Indian Economy is the eleventh largest economy in the world by nominal GDP and the fourth largest economy in the world by purchasing power parity (PPP). India was under social democratic based government under 1947 to 1991. This economy was based on public ownership and protectionism with slow growth rate. Since 1991, India changed its policy and reformed it to a market-based economy.

The currency of India is the Indian Rupee. As of 30th Dec 2010, 44.8 INR equals to 1 USD and 1 EUR equals 59.34 INR. The major stock exchanges in India are Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). India’s GDP accounts for 57.2% service industry, 28% industrial sector and 14.6% agricultural sector. The labour force totals half a billion workers. India currently accounts for 1.5% of world trade as of 2007 according to World Trade Organization (WTO).

Indicators of Economy

An economy has various indicators which allow analysis and prediction of future performances. Some of these are Gross Domestic Product (GDP), unemployment rate, Consumer Price Index (a measure of Inflation), stock market prices and various others.

Gross Domestic Product

The gross domestic product (GDP) or gross domestic income (GDI) is the amount of goods and services produced in a year, in a country. It is the market value of all final goods and services made within the borders of a country in a year. In 2009, GDP nominal of India was $1,367 billion (11th) whereas; GDP PPP was $3,862 billion (4th). Forecast for 2010: GDP nominal will be $1,430 billion and GDP PPP will be $4,001 billion. If we compare per capita GDP, in 2009 GDP nominal per capita was $1,142 (142nd) and expected to be $1,176 for 2010. In 2009, GDP PPP per capita was $3,176 (127th) whereas in 2010 it is expected to be $3290. India’s gross domestic product (GDP) growth rate significantly slowed to 6.7% in 2008-09, but subsequently recovered to 7.2% in 2009-10

Inflation

A consumer price index (CPI) measures changes through time in the price level of consumer goods and services purchased by households. It is a measure of inflation. In India, instead of CPI, wholesale price index is calculated. The Indian method for calculating inflation, the Wholesale Price Index, is different from the rest of world. Each week, the wholesale price of a set of 435 goods is calculated by the Indian government. Since these are wholesale prices, the actual prices paid by consumers are far higher. The trend of Inflation rate is shown in the graph below. Have a look.


Figure 1: Consumer Price Index of India, Feb’09-Nov’10

The inflation rate in Apr 09 was 8.03%, lowest in the duration. It advances to sudden increase in Aug 09 at 11.89%. From there after, for four months the inflation rate was almost same. From Dec 09 it starts rising again and it goes to the max of the duration in Feb 10 with 16.22%. After that for the last 10 months it is coming down slowly and in Nov 10, inflation rate is 9.7%. Still, 9.7% is very high. But, compared to 16.22% it is much under control.

Unemployment Rate

The labour force in India is 467 million, 2nd in the world, as of 2009. The labour force division in each sector is 52% in agriculture, 14% in industry and 34% in services. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. The unemployment rate of India in 2009 was 6.8% (85th rank) which is expected to increase to 10.7% (121st rank) in 2010.

Foreign Direct Investment

Following are some tables showing comparison of Stock of direct foreign investment – at home, Stock of direct foreign investment – abroad and Stock of domestic credit in USD.

Year

Stock of direct foreign investment – at home

Rank

Percent Change

Date of Information

2009

144200000000

23

50.27 %

31 December 2008 est.

2010

157900000000

24

9.50 %

31 December 2009 est.

 

Year

Stock of direct foreign investment – abroad

Rank

Percent Change

Date of Information

2009

58180000000

30

55.15 %

31 December 2008 est.

2010

76620000000

26

31.69 %

31 December 2009 est.

 

Year

Stock of domestic credit

Rank

Percent Change

Date of Information

2009

769300000000

16

0.00 %

31 December 2008

2010

973500000000

16

26.54 %

31 December 2009

 

Foreign Exchange Reserves

Foreign exchange reserves (also called Forex reserves or FX reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions. Reserves of foreign exchange and gold in India in the start of 2009 were $254 billion. In the start of 2010, it was $274.7 billion. Currently, as of Nov’10 it is $300.2 billion.

Economy on the basis of Sectors

Industry

Industry accounts for 28% of the GDP and employ 14% of the total workforce. However, about one-third of the industrial labour force is engaged in simple household manufacturing only. The major industries in India are textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software and pharmaceuticals.

Year

Industrial production growth rate

Rank

Percent Change

Date of Information

2009

4.80 %

51

-43.53 %

2008 est.

2010

8.20 %

9

70.83 %

2009 est.

Services

India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast. It has the largest share in the GDP, accounting for 54.6% in 2009 and expected to be 57% in 2010. The total no. of people getting employment in this sector in 2010 will be 34% (estimated).

Conclusion

If we sum up the conclusion from above it is quite easy to say that India is progressing rapidly for 2010 than 2009. Being an agriculture based nation, India is changing slowly to an Industry based nation with support from service sector. The main concern in India’s progress is inflation rate. Value of INR has increased in the mentioned period. No doubt India is moving towards progress and next year we can see some much nice figures and ranks in all the section.

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