NASSCOM TEST (NAC-Tech) DETAILS AND PATTERN 2011-12

About NAC-Tech

    NAC-Tech has been conceived as an industry standard assessment and certification program to ensure the transformation of a "trainable" workforce into an "employable" workforce, hence creating a robust and continuous pipeline of talent for the IT/Engineering Industry. It is targeted at final year and pre-final year students, who will be seeking employment opportunities in the IT / Engineering sector. 

Conceptualization of NAC-Tech

  In-depth meetings with the large recruiters in the industry were conducted to understand their recruitment practices, cause of attrition desired skills in a candidate, etc. Based on this, a job-skill matrix was developed which formed the basis for the design of this assessment program. Core and Working Committees from the industry were formed and constant interactions were made to make sure that the program was in line with the industry requirements. An evaluation committee was set up to finalize the vendors and decide on the approach to the pilot. Multi-tier evaluation of the vendors happened after the initial interaction. The identified vendors provided the content and technology to run the test. The companies that have helped develop the assessment program are - TCS, Wipro, Infosys, Accenture, Cognizant and HCL.  

Eligibility for NAC-Tech 

• Any candidate appearing in 'final year' of BE, B.Tech, MCA, MSc-IT is eligible to take the test  
•  Preferred Scores of candidates: 60 % aggregate in graduation, 12th standard & 10th standard 

NAC-Tech Test Fee

•  Rs. 155 for Part A of the test

• Rs. 77 for Part B of the test

•  Rs. 70 / Rs. 60 for center fee (for infrastructure at retail center or college respectively), if applicable 

NAC-Tech Test Matrix
Part A (this must be attempted by all candidates)

Skill	Competencies Checked	Duration (in mins.)	Mode of delivery
Verbal Ability	To assess candidate's verbal building blocks by evaluating skills like grammar, spellings, punctuations and vocabulary. To assess English usage by evaluating skills like structure, arguments and verbal reasoning.	20	Online
Reading Comprehension	To assess candidate's comprehension of English passages and ability to make inferences from a large amount of information. Be able to connect the dots and make an assessment based on information and ideas spread across the passage.	10	Online
Analytical Reasoning	To assess problem solving skills through questions on quantitative reasoning. To assess candidate's logical skills by evaluating skills like Deduction, Induction and Visualization.	25	Online
Attention to Detail	To assess candidates eye for detail.	5	Online
	total duration	60 mins.

Part B - Optional (can be attempted if the student so desires)
(The candidate can choose any one of the domains)

Skill	Competencies Checked	Duration (in mins.)	Mode of delivery
IT	To assess candidate's technical skills in the core area of education.	30	Online
Electrical	-do-	30	Online
Electronics	-do-	30	Online
Mechanical	-do-	30	Online
Civil	-do-	30	Online
Chemical	-do-	30	Online
Textile	-do-	30	Online
Bio-Technology	-do-	30	Online
Telecommunications	-do-	30	Online
	total duration	30 mins.

Bribery on Private Sector!!!!!!!

  Already we know about getting government jobs i.e cash-for-job basis. I heard a shocking news that pribe playing on private companies. Separately, the consultant offices are working for this job in many cities. They have link with companies HR's. They ask 10 months salary i.e minimum 2 lakhs for attaining job . There is a share between HR's and consultant.

   Recently, one Leading software company recruited 56 members basis of cash-for-job.

Why software companies recruiting more than 500 students in a single Engineering college?

    There is a deal between Engineering colleges and Software Companies HR's that they have to recruit more number of  students. Colleges advertised about their bulk placement in single company and they assured to students about each will get placement surely. For that there is a heavy competition to get admission in these colleges. So, They ask high amount for donation for admitting students.

    On the other hand, all placed students work permanently in software companies?. No, Quarter of the students rejected in internship program and another quarter of the students rejected in training programme. Remaining half of the placed students only retain their job.


   These are the new trends about placement.   

Standard & Poor's - Credit Rating for the debt of public and private corporations(Stock Market) in all countries

     As a credit-rating agency (CRA), the company issues credit ratings for the debt of public and private corporations. It is one of several CRAs that have been designated a nationally recognized statistical rating organization by the U.S. Securities and Exchange Commission.

It issues both short-term and long-term credit ratings.

Green - AAA                                                         Turquoise - AA	Lighter blue - A Darker blue - BBB	Purple - BB Red - B
Grey - not rate

Long-term credit ratings

  The company rates borrowers on a scale from AAA to D. Intermediate ratings are offered at each level between AA and CCC (e.g., BBB+, BBB and BBB-). For some borrowers, the company may also offer guidance (termed a "credit watch") as to whether it is likely to be upgraded (positive), downgraded (negative) or uncertain (neutral).

• AAA: An obligor rated 'AAA' has extremely strong capacity to meet its financial commitments. 'AAA' is the highest issuer credit rating assigned by Standard & Poor's

• AA: An obligor rated 'AA' has very strong capacity to meet its financial commitments. It differs from the highest-rated obligors only to a small degree. Includes:

• AA+: equivalent to Moody's Aa1 (high quality, with very low credit risk, but susceptibility to long-term risks appears somewhat greater)
• AA: equivalent to Aa2
• AA-: equivalent to Aa3 

•  A: An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.

• A+: equivalent to A1
• A: equivalent to A2

•  BBB: An obligor rated 'BBB' has adequate capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments.

Non-Investment Grade (also known as junk bonds)

• BB: An obligor rated 'BB' is less vulnerable in the near term than other lower-rated obligors. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions, which could lead to the obligor's inadequate capacity to meet its financial commitments.
• B: An obligor rated 'B' is more vulnerable than the obligors rated 'BB', but the obligor currently has the capacity to meet its financial commitments. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments.
• CCC: An obligor rated 'CCC' is currently vulnerable, and is dependent upon favorable business, financial, and economic conditions to meet its financial commitments.
• CC: An obligor rated 'CC' is currently highly vulnerable.
• C: highly vulnerable, perhaps in bankruptcy or in arrears but still continuing to pay out on obligations
• CI: past due on interest
• R: An obligor rated 'R' is under regulatory supervision owing to its financial condition. During the pendency of the regulatory supervision, the regulators may have the power to favor one class of obligations over others or pay some obligations and not others.
• SD: has selectively defaulted on some obligations
• D: has defaulted on obligations and S&P believes that it will generally default on most or all obligations
• NR: not rated

 Short-term issue credit ratings
        The company rates specific issues on a scale from A-1 to D. Within the A-1 category it can be designated with a plus sign (+). This indicates that the issuer's commitment to meet its obligation is very strong. Country risk and currency of repayment of the obligor to meet the issue obligation are factored into the credit analysis and reflected in the issue rating.

• A-1: obligor's capacity to meet its financial commitment on the obligation is strong
• A-2: is susceptible to adverse economic conditions however the obligor's capacity to meet its financial commitment on the obligation is satisfactory
• A-3: adverse economic conditions are likely to weaken the obligor's capacity to meet its financial commitment on the obligation
• B: has significant speculative characteristics. The obligor currently has the capacity to meet its financial obligation but faces major ongoing uncertainties that could impact its financial commitment on the obligation
• C: currently vulnerable to nonpayment and is dependent upon favorable business, financial and economic conditions for the obligor to meet its financial commitment on the obligation
• D: is in payment default. Obligation not made on due date and grace period may not have expired. The rating is also used upon the filing of a bankruptcy petition.