Tuesday, 17 December 2013

What is Bitcoin?

 
What is Bitcoin?

 
Bitcoin is an open source, peer-to-peer payment network and digital currency introduced in 2009 by pseudonymous developer "Satoshi Nakamoto". Bitcoin has been called a cryptocurrency because it uses public-key cryptography for security. Users send payments by broadcasting digitally signed messages that transfer ownership of bitcoins, the unit of currency. A decentralized network of specialized computers verifies and timestamps all transactions using a proof-of-work system. The operators of these computers, known as "miners", are rewarded with transaction fees and newly minted bitcoins.
Bitcoin has been a subject of scrutiny for its use in illicit activities. In 2013 the FBI shut down the Silk Road online black market and seized US$28.5 million worth of bitcoin from the alleged mastermind. Theft of bitcoins has been covered extensively in the media. The risk of theft can be mitigated by generating and storing keys offline. It is now prohibited for Chinese financial banks to operate using bitcoins or for bitcoins to be used as legal tender currency.
Commercial use of Bitcoin, illicit or otherwise, is currently small compared to its use by speculators, which has fueled price volatility. However, Bitcoin is also used to pay for products and services. Merchants have an incentive to accept the currency because transaction fees are lower than the 2 to 3% typically imposed by credit card processors.Notable vendors include OkCupid, Reddit, and WordPress.

 

  Earn Bitcoins in 8 different ways

Contents of Earn Bitcoins
  1. Earn Bitcoins by accepting them as a means of payment ๐Ÿฌ
  2. Earn free Bitcoins by completing tasks on websites ✔
  3. Earn Bitcoins from mining ๐Ÿ’Ž
  4. Earn Bitcoins from interest payments %
  5. Earn Bitcoins by getting tipped ๐Ÿ‘
  6. Earn Bitcoins as a regular income ๐Ÿ‘จ
  7. Earn Bitcoins from gambling - not suitable for everyone ๐ŸŽฐ
  8. Earn Bitcoins through trading ๐Ÿ“ˆ


1. Earn Bitcoins by accepting them as a means of payment ๐Ÿฌ

In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business, no matter if you sell goods or services. You just have to complete the following three steps:
  1. Get a free online Bitcoin wallet from Blockchain.info. If you're not sure what a Bitcoin wallet is, check out my What is Bitcoin section. There are also many other providers apart from Blockchain.info. Find out which works best for you. And remember, no wallet is absolutely safe, so be careful with your money.

  2. bitcoin wallet image
  3. Display a QR-code with your Bitcoin address next to your cash register. There are two options here.
    • When you have your Blockchain.info account go to 'Receive Money'. Under the 'Actions' drop-down menu select 'QR-code'. Print out the image with the QR-code and place it next to your cash register. Your customers will typically have a Bitcoin app installed on their smartphone where they can enter the value of the purchase in USD or EUR. Their app calculates the corresponding Bitcoin value. It automatically takes the current exchange rate to get the right amount. On your Blockchain.info account you can check the confirmation of your incoming payment.
    • The other option you have is again on your Blockchain.info account. Go to 'Receive Money' and then under the 'Actions' drop-down this time select 'Create Payment Request'. Now you enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code. This way the customer doesn't need to enter an amount. For this method you need to calculate the Bitcoin amount from your USD or EUR price before you can enter it for the QR-code to generate.

    • sample bitcoin address qr-code
  4. Display the 'Bitcoin accepted here' logo at the entrance to your shop to show everybody your innovative payment integration. You will find a printable version of the logo plus a free guide under Downloads.

  5. bitcoin accpted here logo small
That's it. It's so easy, start to earn Bitcoins by selling goods and services today! This is just a quick description how to earn Bitcoins by accepting them as a means of payment. These links are also helpful:
There are many other lists and indexes where you can add your shop. I find the two mentioned ones to work best so far. If you have one that you think is really good and complete, contact me. I will be happy to add other links here.

2. Earn free Bitcoins by completing tasks on websites ✔

There are many websites which offer you to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. The concept has something in common with watching good old free TV. You watch a lot of ads and inbetween you get something you actually want to see, like a film or music clips.
While this is a legitimate concept, the return on your invested time is very little. So when you earn Bitcoins from these advertising sites, the Bitcoins actually come at the cost of your time. As the saying goes 'there is no free lunch'. But see for yourself, here is a list of some of the sites that I find interesting
  • BitVisitor :: Earn Bitcoins for watching websites or videos. Every page is shown for five minutes. Then you can click 'Next' for confirmation and move on to the next page. What I like about this site is that payouts come within roughly an hour. This is a major advantage compared to other sites that pay Bitcoins for completing tasks. Also, you don't need an user account here, you just enter your Bitcoin address. The amount of Bitcoins you can earn here is limited though. Per five minutes you get something like ยตBTC 100 (that's 100 microcoins or BTC 0.00001) which means that your hourly payout is something like BTC 0.00012. That's not too much money but it is a start to make you first Satoshis and get familiar with Bitcoin. And note, payout per five minute period varies. So the above calculation only holds if the average payout per five minutes is ยตBTC 100.
  • freedigitalmoney.com :: Earn Bitcoins by getting rewards fo purchases made in Bitcoin. On this site you also don't need a user account and just have to enter your Bitcoin address to earn Bitcoins.
  • CoinWorker :: Earn Bitcoins by completing analytical tasks. A user account is required here. I haven't tried this service but payouts seem to be a bit higher than with the aforementioned sites.
  • BitcoinPlus :: Earn Bitcoins for providing computing power to a mining pool. The good thing about this site is that you do not actually have to spend time on it because your computer works in the background while you can do other things. However, when you check the task manager of your computer you see that CPU usage skyrockets. That means your machine consumes more electricity. And since the payouts per hour on BitcoinPlus are really small, you need to do a proper calculation that takes the power consumption of your hardware, your electricity costs and the current Bitcoin value into account. If this turns out profitable for you, BitcoinPlus is a fine thing.
  • Rugatu :: Earn Bitcoins by answering forum questions. This is a nice service because it brings people together who are interested in Bitcoin and many other things and allows to pay rewards for answering questions. This is something that would not have been possible without a currency like Bitcoin that has low transaction fees and instant transfers
  • FaucetBTC :: Earn Bitcoins just by visiting this site (and looking at the ads). There is a large number of other sites like this and I picked this particular one quite randomly. All you do here is go to that site, enter your Bitcoin address and fill out the CAPTCHA. You can repeat this as often as you like but only once every 30 minutes. For each visit you get BTC 0.0000025 (as of August 2013; this is likely to change when the Bitcoin exchange rate goes up). After your visit, your reward is sent to CoinBox.me. This happens to collect many small payments and to combine them for one bigger payout. When you visit many sites in parallel, this could be a way to keep you busy throughout the day and make some change.
Earning Bitcoins from completing tasks on websites is a viable option to actually earn some Bitcoins, but don't expect your income to be very large. I regard it as a first step to get familiar with Bitcoin in general. Also, it is interesting to see what kind of services are enabled through frictionless money transfers.

3. Earn Bitcoins from mining ๐Ÿ’Ž

Bitcoin mining is the process by which new Bitcoins are originated. When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a public ledger where all Bitcoin transactions are saved) and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded. When your computer discovers a new block you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number changes throughout time and will get smaller by the factor 0.5.
If you want to earn Bitcoins through mining be aware that it is a costly and time consuming process. Read the respective introductions and manuals to learn more about it. This website is a good starting point. Unless you are mining just out of curiosity and want to get to know the technology it is important to make a cost benefit analysis. It is quite similar to what has been mentioned at the above BitcoinPlus entry. Hardware prices, electricity costs and the Bitcoin value influence the profitability of Bitcoin mining. If all this seems interesting to you and you want to earn Bitcoins from mining make your first calculations on the Mining Dashboard.

4. Earn Bitcoins from interest payments %

If you already have some Bitcoins, put your Bitcoins to work for you. Earn Bitcoins through interest payments by lending them out.
  • Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your amount, duration and interest rate requirements. But it's a nice way to earn Bitcoins.
  • Peer to peer Bitcoin lending websites with listings from various borrowers are another option. Bitbond.net is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many loans and thereby diversify default risk. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy. When the site assesses the creditworthiness of their applicants the information given about borrowers can be more credible.
  • A Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. As everything here, this method has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your lending activity over many borrowers. In the banking model you trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets usually being loans. If they do a good job you are fine because you simply collect the interest payment. If they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin world, too.
To sum it up, Bitcoin lending is a good way to make more Bitcoins from what you already have. And please notice this disclaimer: only lend through sites that you trust. Such sites will comply with the usual requirements that you expect from non-Bitcoin related sites as well. That means they have proper terms and conditions in place, they disclose their status of incorporation and contact details. Some sites in the Bitcoin world do not do this and in the end people wonder what happened to their Bitcoins. Therefore, when you earn Bitcoins from Bitcoin lending watch who you deal with and only use Bitcoins which you can afford to lose.

5. Earn Bitcoins by getting tipped ๐Ÿ‘

When you earn Bitcoins through tips, it is much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the people who can potentially give you a tip need to be aware of it. There are various places where you can receive Bitcoin tips.
  • Again, your shop is the first thing to start with in case you have one. It's just a bit simpler because since tips are voluntary you don't really need to check the incoming payment and the exact amount. Simply display the QR-code and check each day what came in.
  • With tips, the nice thing is that you don't necessarily need to have a shop. A blog for instance or any other website is sufficient. You can display the QR-code or just your Bitcoin address at the bottom of your page or wherever it seems convenient and let people decide how much they want to tip you. You can also view how this looks like in the footer of this German blog bitcoins21.com.
  • Imagine you have a restaurant and want to encourage your customers to tip with Bitcoins, there is this nice service: bctip is a website where you can print little paper vouchers that have a certain Bitcoin balance on them. When your customer has one of these, he or she can simply give it to you or your employees and you can redeem it like a coupon.

6. Earn Bitcoins as a regular income ๐Ÿ‘จ

Getting your monthly paycheck in Bitcoins is probably the steadiest way to earn Bitcoins. There aren't many organizations who would pay you in Bitcoins but there are some at least. And maybe there will be more as acceptance increases continuously. Gavin Andresen, core Bitcoin developer of the Bitcoin Foundation stated in this interview that he gets paid in Bitcoins. And chances are, that when your employer accepts Bitcoins they might be willing to pay you in Bitcoin, too.
Apart from being employed by a company or a non-profit you can be self-employed and get paid in Bitcoins. Here is a list of sites where you can search job offers or where you can post an offer yourself. It's a very convenient way to earn Bitcoins, because many jobs can be completed from home.
  • WorkForBitcoin is a site where you can do both, post job listings and search available listings. Many of the listed open jobs are related to programming. But there are also other fields and it's worth checking if there is something you are interested in doing.
  • Bitcointalk Forum Services Section is another starting point to look for job listings that are paid in Bitcoins. Some of the jobs are done easily within a short amount of time so it's a good way to earn Bitcoins quickly.
  • Jobs 4 Bitcoins on reddit has a focus on job listings for programmers. But again, it's not purely programming and it's definitely worthwile to browse through the different offers.
  • BitGigs is an online job board with many diverse job offers. The variety is reall amazing so go check it out.
  • Coinality has a different approach by not simply listing jobs where you can earn Bitcoins, but displaying them on a map. This comes in handy when you are interested in a local job somewhere near you. The number of listings could be higher but when it keeps growing it will become more interesting.
Then of course, you can start your own Bitcoin related business and earn Bitcoins this way. Either as a fully fletched business of goods or services or you could run a website and place ads from CoinURL. If you want to start or already have a brick and mortar shop check out the earn Bitcoins downloads. The flyer shows you, how easy it is to integrate Bitcoins payments in your shop.

7. Earn Bitcoins from gambling - not suitable for everyone ๐ŸŽฐ

To be honest, I'm not a big friend of gambling. But it is a way to earn Bitcoins so in order to make this list complete it needs to be mentioned here. However, I won't list any links to gambling sites here. It's fairly easy to research them if you are interested. And if you clicked on some of the above links you probably already came across some Bitcoin gambling sites.

8. Earn Bitcoins through trading ๐Ÿ“ˆ

Some people would say that trading is a form of gambling. While there these two things have something in common, there are also fundamental differences. When you gamble (and assuming that it's a fair game) you have a certain probability of winning and losing. When you trade assets, this gets much more complex. I don't want to go into too much detail here. I just want to outline the concept how you can earn Bitcoins with trading.
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. Id this does not hold, then we are talking of speculation - or gambling a you like. The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. That would be speed of fiat money transfers and access restrictions. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and find out if you also see opportunities or not.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency and buy more Bitcoins once the price drops again. For this to work out you either need to be very lucky or capable of predicting the future. There are people who are good traders and who can recognize patterns from price charts. But that's something very specialized and I'm not sure if I believe in this. So for me, if you want to earn Bitcoins from this form of trading it could also be categorized as gambling. And actually it's even more risky if you compare it to a fair game where you know your odds. When you speculate with assets, you can extract your odds from historical prices, but never start believing this would tell you something about the future.

Monday, 22 July 2013

UET entry test Peshawar

University of Engineering and Technology, Peshawar.




Wednesday, 17 July 2013

Information about ETEA

h1
Khyber Pakhtunkhwa Educational Testing and Evaluation Agency, is an educational entity established in November, 1998, by the Government of Khyber Pakhtunkhwa. It is supervised by a Board of Governors, headed by the Chief Minister, Khyber Pakhtunkhwa. The Education Minister is the Vice Chairman and Secretary Higher Education is one of the members. The Executive Director ETEA is the Secretary of the Board.

h2
Initially, the ETEA was established to undertake administration of Entrance Tests for admission to Engineering and Medical institutions of the province in place of external testing agencies. However, the scope of activities and the objectives for the ETEA were broadened much beyond the Entrance Tests as stated in the Ordinance. In short, it has to catalyse reforms in the examination and testing systems, impart training on these endeavours and extend the use of its electronic facilities to other institutions to bring in objectivity, transparency and efficiency.
ETEA conducts Entrance Tests for:
  • Khyber Pakhtunkhwa University of Engineering & Technology and the
  • Medical & Dental Colleges of the Province.
Important  Downloads

Tuesday, 2 July 2013

GRE: Graduate Record Examination

GRE: Graduate Record Examination

The GRE or Graduate Record Examination, is a standardized aptitude test offered by a private educational testing and measurement organization known as ETS (Educational Testing Services). This examination is designed to measure the candidate’s aptitude for graduate study. It is the most widely used test in the United States and rest of the world as well. When ever a student apply to a university from other country, he is asked by the university to submit GRE score for evaluation. Specially, a scholarship or some type of financial aid or Grant is offered for higher score in GRE. There are two forms of the GRE:

GRE General Test

The general test specifically measures the candidate’s verbal, quantitative and analytical writing aptitude. The test is now most commonly offered in a computer-based format instead of the older paper-based format. In Pakistan, NTS-GAT is commonly known as GRE Local. The format of GAT and GRE are quite different. If you are interested in taking GAT   NTS GAT

GRE Subject Tests

The subject tests are designed to test a candidate’s knowledge of the subject matter in a particular discipline. Subject tests are offered in the following areas 8 disciplines: Biochemistry, Biology, Chemistry, Computer Science, English Literature, Mathematics, Physics and Psychology. Some universities require these subject test scores in addition to the general test when applying to the Ph.D. program.

Scheduling for GRE

The GRE revised General Test is given year-round at computer-based test centers in most locations around the world. Appointments are scheduled on a first-come, first-served basis.
Note: The computer-based GRE revised General Test is offered in Pakistan.
You can take the GRE revised General Test (computer-based and paper-based) only once every 60 days, and no more than five times within any continuous rolling 12-month period. This applies even if you canceled your scores on a test taken previously. If you take only the paper-based GRE revised General Test, you may take it as often as it is offered.

Registering for GRE

The identification documents for Pakistani applicant is a valid Passport

  • The name you use when you register must exactly match the name on the identification (ID) documents (without spaces or accents) that you will present on the day of the test. If it does not, you may be prohibited from taking the test or your test scores may be canceled after you take the test.
  • When you register, you must supply your entire last (family/surname) name. If you have a two-part last name, be sure to supply your complete last name as it appears on the ID documents (without spaces or accents) that you will present on the day of the test.
  • Be sure to provide your entire first (given) name (without spaces or accents). Do not register under a nickname and do not register with only an initial as your first name.
  • If you register by phone, please be sure you are registered under your entire first and last names as they appear on your ID.
  • If your online account has already been created, please confirm that the name on your ID documents still matches the name that appears in your account. If they do not, contact GRE Services.
  • It is your responsibility to ensure that your ID documents match your admission ticket on the day of the test.
You can register for both the computer-based and paper-based tests with a valid credit or debit card through your My GRE Account. To register GRE visit Register GRE Online

Fee

GRE revised General Test = USD 190.
Preferred Forms of Payment for Computer-based Tests
  • Credit/Debit Card (American Express, Discover, JCB, MasterCard or VISA).
  • Note: Any debit/check card branded with one of the five accepted credit card logos can be processed.
  • Money Order/Certified Check/Voucher
ETS reserves the right to add or delete payment options at its own discretion and without notice.

Payment Policies

  • Fees are stated in U.S. dollars.
  • Do not send cash.
A check in U.S. dollars must be drawn on a bank in the United States or Canada. Checks payable in another currency must be drawn on banks in the same country as the currency. By sending your check, you are authorizing ETS, at its discretion, to use the information on your check to make a one-time electronic debit from your account for the amount of your check; no additional amount will be added. If you do not have sufficient funds in your account, an additional service fee of US$20 will be debited electronically from your account. Contact ETS to learn about other payment options if you prefer not to have your check used in this way.
  • If you do not include the correct fee, your request for registration or service will be returned.
  • Taxes must be included where applicable.
  • There are no refunds for additional services.
  • Refunds will be made in U.S. dollars.
  • Services may be withheld for nonpayment of fees.
All test fee payments must be made in full, have the correct numeric and written dollar amount, and be received at the regional registration center (RRC) or ETS within 90 days of the date on the payment (e.g., check, money order).
All outstanding balances incurred from prior ETS tests and/or services must be paid in full in order to register for any future ETS test or service.
ETS reserves the right to add or remove online payment methods at its own discretion and without notice. 

Change or Cancel Registration

You must reschedule or cancel your revised General Test registration no later than three full days before your test date or your test fee will be forfeited. This time period does not include the day of your test or the day of the request. For example, the deadline to reschedule a Friday appointment at a testing location in the United States is Monday. The process by which you will change or cancel your registration and the fees or refunds associated with it vary depending on the test you are taking.

Requesting a Refund

If you cancel your registration no later than three full days before your test date (not including the day of your test or the day of your request), you will receive a refund equivalent to half of the test fee. The remainder of your payment will be retained to cover expenses for processing your registration and holding space at the test center.
  • Refunds will be in U.S. dollars.
  • Cash refunds are not available.
Refunds will not be given if you do not follow proper registration procedures and/or fail to present the required identification documents at the test center. 

GRE Score and Reporting

GRE test scores are cumulative and reportable for five years after the testing year in which you tested. GRE test scores are valid for five years after the testing year in which you tested.
Score are mailed to you 10 – 15 days after the test date.
Download sample score report:     Download

GRE Scores

MeasureScores Reported
Verbal Reasoning130 – 170, in 1 point increments
Quantitative Reasoning130 – 170, in 1 point increments
Analytical Writing0 – 6, in half point increments

View Scores Online

You can view your scores online free of charge. You will need to create or have a My GRE Account to use this service.

If no questions are answered for a specific measure (e.g., Verbal Reasoning), then you will receive a No Score (NS) for that measure.

The following resources will help you gain a better understanding of what your scores mean and how we advise institutions to use them.

Reporting Your Scores

Your test fee entitles you to request that scores be sent to as many as four graduate institutions or fellowship sponsors. For the computer-based GRE revised General Test, you will be asked to designate your score recipients at the test center. You will be required to pay US$23 per recipient to have scores sent at a later date. Verbal Reasoning and Quantitative Reasoning Interpretive Data Used on Score Reports:
Writing scores on the 0 – 6 scale in half-point increments and the corresponding percentile ranks.

Includes information to assist you in interpreting your GRE scores. This publication is also included in your mailed score report.

Test Center Procedures and Regulations

The following procedures and regulations apply during the entire test session, which begins at sign-in, ends at sign-out and includes breaks.
  • Dress so that you can adapt to any room temperature.
  • Test centers do not have large waiting areas. Friends or relatives who accompany you to the test center will not be permitted to wait in the test center or be in contact with you while you are taking the test. Except for ETS - authorized observers, visitors are not permitted in the testing room while testing is in progress.
  • ID verification at the test center may include thumb printing, photographing, videotaping or some other form of electronic ID confirmation. If you refuse to participate, you will not be permitted to test and you will forfeit your registration and test fees. This is in addition to the requirement that you must present acceptable and valid identification.
  • Food, drinks and tobacco are not allowed in the testing room.
  • Do not bring cell phones, smartphones (e.g., BlackBerry®, iPhone®), PDAs and other electronic or photographic devices into the test center. If you do, you will be dismissed from the test, your test fees will be forfeited and your scores will be canceled even if dismissal is not enforced on the day of the test.
  • Personal items other than identification documents are not allowed in the testing room.
  • If you requested and received an authorization voucher from ETS, you must take it with you to the test center.
  • You will be required to write (not print) and sign a confidentiality statement at the test center. If you do not complete and sign the statement, you cannot test and your test fees will not be refunded.
  • ETS reserves the right to ensure the security of test content by using electronic detection scanning devices (e.g., hand-held metal detectors/wands). Failure to comply may result in dismissal from the test and forfeiture of your test fees.
  • You may be required to sign the test center log before and after the test session and any time you leave or enter the testing room. You may be asked to remove your watch and to store it during the test administration.
  • The test administrator will provide you with scratch paper that may be replenished after you have used all pages of the scratch paper initially given to you. You may not take your own scratch paper to the test, nor may you remove scratch paper from the testing room at any time. Scratch paper is provided to assist test takers in working out problems and for appropriate note taking during timed sections of the test. Scratch paper should NOT be used during breaks or before the test. At the conclusion of the test, you will be required to return all scratch paper to the test administrator.
  • If at any time during the test you have a problem with your computer, or for any reason need the administrator, raise your hand. Testing premises are subject to videotaping.
  • The GRE revised General Test includes an optional 10-minute break after the third section and one-minute breaks between the remaining sections of the test. These break times cannot be exceeded. You are required to remain in the test center building or in the immediate area.
  • If you need to leave your seat at any time other than the break, raise your hand; timing of the section will not stop.
  • You will have access to an on-screen calculator during the Quantitative Reasoning sections.
  • Personal calculators are not permitted in the testing room.

GMAT: Graduate Management Admission Test

GMAT: Graduate Management Admission Test

GMAT is a standardized test used for the evaluation of students seeking admission in some business school. A graduate management education gives you the skills, preparation, and credentials you need to accelerate your career growth.
The GMAT (Graduate Management Admission Test) is a 3-1/2 hour standardized exam designed to predict how test-takers will perform academically in MBA (Masters in Business Administration) programs. GMAT scores are used by graduate business schools to make admission decisions. High Score in GMAT increases the likelihood of your admission to the target business school.

GMAT CAT

You might also see the GMAT referred to as the "GMAT CAT"; the acronym CAT stands for "Computer Adaptive Test." The GMAT is administered only by computer now, except in certain locations outside North America, where the test is referred to as the "paper-based" GMAT. (Since you're reading this on the Web, no doubt the GMAT CAT is available where you are.)
What is GMAT CAT, How it works, and How you can beat it

Scheduling for GMAT

Schedule your appointment early, so scores can be reported before your application deadline. The GMAT exam is administered year-round and on demand at test centers around the world. Admission deadlines for graduate management programs (BBA and MBA offering universities and colleges) vary, so check with the university or college you’re interested in attending to make sure your GMAT exam appointment is early enough to allow your scores to be reported before the schools’ application deadline. Available time slots at test centers change continuously based on capacity and ongoing registration. You will find out which times are available at your chosen test center when you register.

Identify Yourself Correctly

When scheduling an appointment to take the GMAT exam, be sure the spelling of your name and your birth date exactly match the name and birth date printed on the identification you will present at your test center. If this information does not match, you will not be permitted to take the test and your test fee will be forfeited.
You must present your passport book as your identification.

Registering GMAT

The GMAT exam is offered all over the world, throughout the year. Search for a testing location that is convenient for you and determine if that center has available seats.

Register Online

If you choose to schedule a GMAT exam appointment online, you must first register at www.mba.com. Fee payments can only be made by credit card or debit card.

Centers in Pakistan

  • Lahore
  •  
  • Rawalpindi
  •  
  • Karachi

Register by Phone

To schedule your test appointment by phone, please use the following telephone numbers based on your location:
Asia Pacific Telephone: +603 8318-9961, 9:00 a.m. to 6:00 p.m. AEST In India: +91 (0) 120 439 7830, 9:00 a.m. to 6:00 p.m. Indian Standard Time Fax: +603 8319 1092

Fee Payment

Scheduling a GMAT Appointment Fee = US$250
Preferred Forms of Payment:
  • Credit card (Visa, MasterCard, American Express, or JCB)
  • Debit card (Visa or MasterCard only)
  • Cashier’s check (mailed forms only)
  • Money order (mailed forms only)
  • Personal check (mailed forms only)

Changing your Appointment

If you wish to reschedule your appointment, you may do so.

Rescheduling Fee

If you reschedule the date, time, or location of your appointment
  • 7 calendar days or more before the scheduled test date, time, or location: US$50.00 fee (each time you reschedule)
  • Fewer than 7 calendar days before the scheduled test date, time, or location: Additional USD 250.00 fee.

Cancellation Refund

You may choose to cancel your appointment if you do not intend to reschedule.
If you cancel your appointment:
  • 7 calendar days or more before the scheduled test date and time: US$80.00 refund
  • Fewer than 7 calendar days before the scheduled test date and time: No refund
Your registration fee will be forfeited if you miss your scheduled appointment.

GMAT Retake

You may take the GMAT exam once every 31 calendar days and no more than five (5) times in a rolling 12-month period. If you score an 800 on the exam, you will be prohibited from testing for five (5) years from your exam date.

GMAT Score and Reporting

On the day you take the GMAT, before you begin the exam, you may select up to five (5) GMAT Programs to receive your Official Score Report. These recipients will receive the Official Score Report within 20 calendar days of your test. This service is covered by your registration fee. Once you have made your selections, you will not be able to change or delete them. A fee is required to send an Additional Score Report. Fee for additional score report = $28 each.

Score

The GMAT exam yields four scores: Verbal, Quantitative, Total, and Analytical Writing Assessment, which are reflected in your score report.
Each score is reported on a fixed scale and will appear on the official GMAT score reports that you and your designated score recipients (graduate management programs) receive. Your score report includes all GMAT scores from tests taken in the last five (5) years. The contact and demographic information that was required for you to register for the test will also appear on your score report.

Canceling Your Scores

Immediately after you complete the test—but before you view your scores—you will have the option to cancel your scores. You cannot cancel your scores after they are displayed or reported to you.
If You Cancel Your Scores:
  • Your scores cannot be reinstated.
  • You will not be eligible for a refund of any test fees.
  • The score cancellation will remain a part of your permanent record and will be reported on all future score reports.
  • You must wait 31 days to retake the exam
Any other cancellation of your scores is at the sole discretion of GMAC and/or Pearson VUE.
If You Do NOT Cancel Your Scores:
  • You can choose to see and print a copy of your unofficial scores for the multiple-choice sections of the GMAT test (Quantitative, Verbal, and Total) at the test center.
  • An Official Score Report, including the scores for the Analytical Writing Assessment, will be made available to you and your designated GMAT using programs within 20 days after you take the test.

At the Test Center

You MUST present acceptable and valid identification (ID), as described below, to be admitted to the test center.
You must present your passport book as your identification.
What follows is a list of essential items you'll need to bring with you to the Test Center.
  • Acceptable identification as described in Presenting Proper Identification
  • The names of the MBA Programs to which you would like to send your GMAT scores.
  • The appointment confirmation letter or email you received from Pearson VUE. However, if you do not have your confirmation letter—or were not issued a confirmation letter—you will still be allowed to test if you have a scheduled appointment.
Items Not Permitted During the Test Session
No testing aids are permitted during the test session or during breaks, and there is limited space for you to store your personal belongings. Testing aids include but are not limited to the following:
  • Telephones, cellular (mobile) phones, or other communication devices
  • Notes, Scratch paper
  • Calculators or watch calculators, Watches, stop watches, or watch alarms
  • Personal data assistants (PDAs)
  • Beepers or pagers, Photographic devices, Stereos or radios, Any other electronic devices that could aid testing
  • Books or pamphlets, Dictionaries, translators, or thesauri, Pens or any other writing utensils
  • Rulers or any other measuring devices

Note boards

The administrator will provide you with a booklet of five (5) noteboards at the start of your test. If you fill these noteboards during your test, you may request replacements by raising your hand. You may not remove these noteboards from the testing room at any time. Every noteboard must be returned at the end of the test session. You may not take your own noteboard into the testing room.

Admissions Calendar 2013, Pakistan

(Revised January 14, 2013) 

logo
                          
1.   Graduate Programmes
Master of Science in Epidemiology & Biostatistics (MSc), Master of Science in Health Policy & Management (MSc), Master of Education (MEd), Master of Science in Nursing (MScN), Master of Health Professions Education (MHPE)
·         Applications for Admission
·         Admission Test *
January 14 – February 20
March 16
2.  Post-RN Bachelor of Science in Nursing (BScN)
·         Applications for Admission
·         Admission Test *
January 14 – February 20
March 16
3.   Bachelor of Science in Nursing (BScN)
·         Applications for Admission
·         Admission Test *
April 1 – May 10
June 29
4.   Bachelor of Medicine, Bachelor of Surgery (MBBS)
·         Registration for MBBS “Aptitude Test”  **
·         MBBS Aptitude Test *
April 1 – May 10
June 30
5.  SAT I and MCAT
·         Deadline for submission of SAT I, MCAT scores ***
July 1
6.  Other
·         Admission Test Results (Graduate and Post-RN BScN)First week of April
·         Admission Test Results (BScN)End of July
·         Aptitude Test Results (MBBS)End of July
·         Shortlisting of candidates (Graduate and Post-RN BScN)Mid-April
·         Shortlisting of candidates (BScN)August
·         Communication regarding MBBS interviewsAugust
·         Interviews (Graduate and Post-RN BScN)Early May
·         Interviews (BScN)August – September
·         Interviews (MBBS)August – September
*  The location of test centres will be announced and communicated on this webpage. The location of overseas test centres will be determined by the number of candidates in specific geographic areas.
** Candidates who have taken their higher secondary education in Pakistan and those overseas candidates who are following the Pakistani system of education wishing to be considered for admission to the AKU MBBS Programme will be required to write the AKU Aptitude Test.
*** SAT I is required for overseas higher secondary education candidates not following the Pakistani system of education and is used in lieu of the Aptitude Test. The minimum eligibility requirement for SAT I is 1800 with a minimum score of 550 in each of the three components: writing, critical reading and mathematics.  Overseas candidates who have undergraduate or postgraduate degrees will be required to submit the MCAT in lieu of the AKU Aptitude Test. The minimum required score is 24.




For Complete Source Click Here 

Sunday, 23 June 2013

Preparation for NTS Test – Guidelines,

Extract all the ideas of situation. If you confuse among them, you may write main points or parts on rough sheet. Be focused on all dimensions of situation and answer accordingly. The sharper minded you will be, the more quickly and correctly will you solve.

Example:   
Four employees Aslam, Shahid, Nasir and Waqas, each have to perform duties at Airport on four different days, Thursday to Sunday. Their duty schedule is that: Nasir has his duty day before Aslam, and, Waqas has his duty day after Shahid.

Q. 1. Which of the following can be possible order of duty of the four employees?
(A). Nasir, Waqas, Aslam, Shahid
(B). Waqas, Nasir, Aslam, Shahid
(C). Shahid, Nasir, Waqas, Aslam
(D). Aslam, Nasir, Waqas, Shahid

Q.2. If Nasir has his duty day on Saturday, who much have his duty day on Thursday?
(A). Either Aslam or Waqas
(B). Waqas
(C). Aslam
(D). Waqas
Answers:
Answer 1. C
Answer 2.  D

                                                          PART- 3

                                              Quantitative Reasoning

Quantitative reasoning consists of questions which normally involve the basics of arithmetic (addition, subtraction, multiplication, division, ratio and proportion, percentage), simple algebra and simple geometry. These questions are though very simple but they involve some tricks which make them seem difficult. Usually there is some missing data in question which you need to solve that question. You have to first extract that hidden/missing data from the given data of question. Similarly in question of geometry you have to use brain to make an extra sketch for the given diagram or question which may help you solve the question easily. Students find these questions difficult because they directly apply the arithmetic rules on given data and don’t try to analyze the given data if some extra helpful data may also be extracted.  You should learn the simple concepts of arithmetic, algebra and geometry as well as the art of exploring the tricks of such questions. To solve such question you should have command on the simple concepts and formulas of mathematics, i.e addition, subtraction, multiplication, division, ratio and proportion, percentage, formulae for areas of circle, triangle, quadrilateral etc, simple formulae and rules for algebra.

Examples:
MCQ. A book is on sale Rs. 120 after a discount of 20%. Find the original price of book?
Options: (A). 100              (B). 140                 (C). 150                 (B). 180
Solution: The correct response is C. 150. It is an easy question involving simple and easy trick. That is that 20% means that if original price of book is Rs. 100, the discounted rate (after discount of 20%) of book will be Rs. 80. This data is hidden and is to be extracted in order to solve this question. Apply this extracted data on Rs. 120 (discounted rate for which original price is to be determined). i.e 100/80 x 120 = 150 Answer.

MCQ. There is 2 feet wide walk-tract around a garden. The length of this walk-tract is 20 feet and width of this walk-tract is 10 feet. Find the area of the garden.
Options: (A). 100 sq. ft  (B). 96 sq. ft        (C). 144 sq. ft     (B). 200 sq. ft
Solution: The correction option is 96 square feet. Though the width and length of garden is not given but we have to extract this data from the given data. We know that walk-tract is 2 feet wide, it means that length of garden will be 4 feet (deducting 2 feet on both sides) from the length of walk-tract. Similarly the width of garden will be 4 feet (deducting 2 feet on both sides) from the width of walk-tract. So length of garden will be (20-4=16) 16 and width of garden will be (10-4=6) 6. So area of garden will be 6 x 16 = 96


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