Data Interpretation Tips

 Data Interpretation can be defined as "the application of statistical procedures to analyze specific observed or assumed facts from a particular study". They come as questions in tests to understand how much a student has understood the subject at hand. In bank entrance exams for data interpretation is used as a means to understand a student's grasp of the subject. It is very important to understand how to interpret data in order to do well in these tests. It is especially important in case of students planning to study finance and mathematics. An interpretation question will usually contain a chart or a graph. It will also contain some data or even sets of data which the student has to analyze and come to a conclusion. When you are solving an interpretation question you will have to understand what the graph or chart means. If there are numbers involved (most probably they will be) you will have to find out what they stand for. Next, you need to draw a data set that represents the graph or chart in question. Now you have to look at the data set and come to a conclusion about what it means. To do well in interpretation questions, practicing them regularly is extremely important.

     Data may be represented in a number of complex forms, and hence solving Data Interpretation problems becomes far more difficult. There is no fixed format for solving such problems, and each has to be tackled in its own distinct way. Thus, to answer such questions correctly, it is essential to practice all types of Data Interpretation exercises a number of times, so as to be familiar with all the data presentation types.

Read the data very carefully, as the smallest detail may change the meaning of the question completely. Similarly, the instructions have to be understood carefully to prevent wasting time. Try to understand the data provided carefully, before jumping to answer the questions. The questions are designed to be deceptive, and proper understanding of the requirements is a must. If the Data Interpretation is of the combined variety or if there are more than one data table/charts/graphs, try to understand the relation between the given tables. Be careful of the units used in the tables, and the units in which the answers are provided. A mistake in the units may yield an entirely different answer. Also be careful of whether the answer is required in decimal or percentage. Such errors are very common and easily avoidable.

Importance Of Reading Newspapers

  

    Nowadays, there are a lot of mass media for us to choose from, namely television, radio, computer and newspaper. Among the many media, why do people choose to read newspaper every day? It’s because reading newspaper has a lot of benefits’ Newspaper gives information about everything that is happening around us. News papers are very important for each one of us. Newspapers help us in knowing what’s the current situation in politics, economics, sports, etc. It helps us in knowing the current trends in business. It contains reviews from different analysts that help us in making judgments and decisions. Though there are many other sources of news like magazines and books in print media, radio and television channels and Internet connections in electronic media, words of mouth and telephone and wireless communications etc, no other source ever could come near the newspaper in importance. It is true of the past and the present and it is true of the future also. Neither the advent of the television nor that of the Internet could affect the importance of the newspaper. The reason for this is the width, breadth and the depth of the news provided by the newspaper, its low cost and the ease of providing the news at our leisure and comfort as many times as we desire.

Newspapers hold a very important place in the life of man today. They play an important part both in the national and the international arena. They give us news and views. Almost everybody reads some daily paper or other. A man who never reads a newspaper cannot keep in touch with the times. We have to know something of what is going on in the world, not only for our own satisfaction but also to be able to update our knowledge.

Reading English newspaper may help us learn a lot of vocabulary, raise our reading skills such as easy to find the points, or increase reading speed, etc. Another benefit is that we can learn new things or knowledge from newspaper articles.

General Awareness

General Awareness is another very important section of Bank Exams. One of toughest and high scoring section in Banking Exams is General Awareness. In the last few years we have seen a change in nature of Questions being asked in General Awareness Section. In this section approximately 35 to 45 % Questions are asked on "Banking Awareness”. With the inclusion of "Banking Awareness" Questions this section has become a bit tougher. Students can score very high marks in this section which may help them to enhance their overall scoring. General Awareness is quite good for applicants if it is prepared correctly particularly in Bank recruitment examinations. The cause for this is the query does not take any time to resolve, all you have to do is study and Mark the answer if you know it. This is possibly tried in 10 minutes time with little effort and it's highly scoring additionally. Therefore General Awareness can help snap the exam happily if prepared correctly.

 

     Current affairs are an integral part of bank exams, you know in bank exams current affairs constitute almost 95 % of General Awareness paper. You can easily solve 80-90% of these questions in 10-12 minutes of time, provided you are well prepared. Reading articles and newspapers will serve many purposes it will help you in strengthening your current affairs knowledge, it will also help you in the English language section, both objective and descriptive and at the same time it will help you in preparation of your upcoming interviews.

    This is a paper whose preparation can’t be done in a single day or within a limited period. This is an ongoing process & needs to keep an eye on all events going on. You must read newspaper daily. Also read news magazines, general knowledge books etc. Also try to gather information from all the available sources. Do not limit yourselves to 1-2 sources try to gather as much information as subsequent readings from different sources will not take much time, it will strengthen your knowledge. Once you have developed a good base you just need to carry on.

Attempt practice sets and try to finish General Awareness section in 10 minutes time.

Quality discussions help in improving your knowledge as well as communication skills.