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Videos uploaded by user “Mrunal Patel”
BES171/Money#3: Bitcoin Simplified, Blockchain technology how useful in Banking transactions?
 
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- Bitcoin is in news again because of its Blockchain technology, which is now used by ICICI, Yes Banks and others for maintaining ledgers. - What is Bitcoin? Why it was issued? How does it work? How is it used in illegal activities? What is bitcoin mining and hashrate? - What are the applications of bitcoin's blockchain technology for financial transactions? - What is the stand of RBI and Ratan Watal committtee on the blockchain technology? Next lecture: Since demonetization the focus has been on promoting the usage of bank money and digital payments; therefore, next time we'll dwell further into theory and current affairs on these issues, including recommendations of Ratan Watal and Chandrababu Naidu Committees, and Economic Survey for promotion of digital payment, and the recommendation have been implemented in Budget-2017 to reduce cash-transaction. Powerpoints available under Mrunal.org/download - Faculty Name: You know who - Powerpoint available at http://Mrunal.org/download goto Mediafire folder - "Powerpoint" -"1_Economy_Mrunal" - there goto "BES17_Budget_Eco_Survey" and you'll find the powerpoints. - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS, SBI, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 239778 Mrunal Patel
BES161/P4: BASEL-III Norms & recapitalization of Public Sector Banks in India
 
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- Bank of International Settlement (BIS) and its Committee on banking supervision in BASEL city of Switzerland. - Technically wrong illustrations to simplify BASEL norms for laymen. - Understanding the requirement of minimum capital to risk weighed asset ratio (CRAR) of 9%; tier-1 and tier-2 capital of a bank - Requirement of additional 1.8 lakh cr. Capital for public sector banks (PSB) to comply with BASEL-III norms. - How this recapitalization will be provided by Government of India (Rs.70,000) via Indradhanush plan, and remainder as equity and debt. - How twin balance sheet problem is aggravating the recapitalization drive of public sector banks (PBSs)? - Faculty Name: You know who. - Language: Hindi; Powerpoints: English - Powerpoint available at http://Mrunal.org/download - Exam-Utility: UPSC IAS IPS Civil service exam and its Preliminary (CSAT), Mains and Interview stage; and other banking exams (IBPS, RBI), Staff selection commission (SSC-CGL) and state services examinations
Views: 106486 Mrunal Patel
[Economy Lecture] L2/P6: Derivatives, Call Option, Put Option, Credit Default Swaps (CDS)
 
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Language: Hindi, Topics Explained: 1. What are derivative financial instruments, forward-future contracts? 2. How were derivative instruments responsible for sub-prime crisis? 3. What is Option agreement? What’s the difference between Call option and Put Option? 4. Credit default swaps – purpose, benefits. Powerpoint Files available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, SSC, IBPS, Banking, MBA interview Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 172298 Mrunal Patel
BES163-P4: IMF Reforms 2015-16: Yuan inclusion, Quota review, Directors’ Appointment
 
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- brief history and outcomes of the Bretton Woods conference in 1944, birth of World Bank and its five sister agencies, International monetary fund, General agreement on tariff and trade. (GATT) and World Trade Organization (WTO) - IMF reforms:1) inclusion of yuan in SDR basket of currencies, 2) expanding quota of emerging market economies and 3) appointment of executive directors - Faculty Name: You know who, now in HD - Language: Hindi; Powerpoints: English - Powerpoint available at http://Mrunal.org/download Goto Mediafire folder- Powerpoints- Economy- BoP folder - Exam-Utility: UPSC IAS IPS Civil service exam and its Preliminary (CSAT), Mains and Interview stage; and other banking exams (IBPS, RBI), Staff selection commission (SSC-CGL), GPSC, MPPSC, RPSC and other state services examinations
Views: 55087 Mrunal Patel
HFS5/P5: Indian Railways- its development & Role in expansion of British Empire
 
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- how did the railways serve expansion of British Empire in India? - Drain of wealth from India through railways - famines and food security - positive impacts of Railways on India – in trade and commerce, transportation of people, building nationalist feelings, employment opportunities and challenges to Orthodoxy and social customs ==== - Faculty Name: Shri Pratik Nayak - Powerpoint available at http://Mrunal.org/download - Exam-Utility: UPSC IAS IPS Civil service exam, Preliminary GS paper, CSAT, Mains General Studies paper 1, Staff selection (SSC) and other State services exams with History of India and Freedom struggle in its syllabus.
Views: 73213 Mrunal Patel
L3/P2: Rupee Devaluation & Exchange rate regimes
 
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Language: Hindi, Topics Covered: - if $1=50 or $1=60: who decides this exchange rate and how? - Fixed exchange rate regime: mechanism and limitations. - Floating exchange rate regime: mechanism limitations. - Difference between devaluation and depreciation of Rupee - Difference between revaluation and appreciation of rupee? - Historic trend of Indian rupee’s fall/weakening against US dollar - How does devaluation of the currency boost its exports? - Difference between NEER and REER? How does it help determining whether currency is undervalued or overvalued? - “Managed” floating extended rate regime. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 206992 Mrunal Patel
L1/P6: Banking Sector Evolution India & Nationalization of Banks
 
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Language: Hindi; Topics covered: 1. Indian and foreign banks in pre-independent India 2. factors affecting location of banking industry 3. Why was there no financial inclusion in British India, despite existence of Indian-banks? 4. Why was RBI setup? 5. Bank nationalization in Post independent India: Why, How, When? 6. Problems created by Bank nationalization. How did it contribute to BoP crisis? Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad
Views: 360610 Mrunal Patel
Banking: PCA Framework, Countercyclical Capital buffer (CCCB) & BASEL-III Capitalization Norms
 
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- Banks must maintain an adequate capital base to protect themselves against "bank runs" and NPAs. Therefore, BASEL Committee on banking supervision has prescribed certain norms. - First: they must maintain a minimum capital to risk weighed asset ratio (CRAR). RBI has prescribed limits and deadlines for its compliance. - To comply with these norms, public sector banks of India will require 1.8 lakh crore additional capital, out of which, government of India is supply Rs. 70,000 crores under the Mission Indradhanush. - Secondly, during the boom period, Banks are required to set aside certain capital buffer, which they've to use as loans during the bust period. This is known as countercyclical capital buffer- although RBI Governor Dr. Urjit Patel has said, we don't need it for the moment. In 2002, the then RBI governor Bimal Jalan had drafted prompt corrective action (PCA) framework against weak banks, now Dr. Urjit Patel has further strengthen it. In what circumstances can RBI use this tool, we shall see in today's lecture. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 125716 Mrunal Patel
Monetary Policy#3: Open Market Operations (OMO) & Market Stabilization Scheme (MSS)
 
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- Since RBI is the public debt manager, it has to purchase unsold government securities. And later on, using these securities, RBI can conduct open market operations to increase or decrease money supply, and thus, combat against inflation or deflation. - But, suppose RBI runs out of government securities then how can it absorb liquidity? Such scenario happened in 2003, and subsequently, an MoU was signed between RBI and the government of India, wherein RBI can issues market stabilization scheme (MSS) securities to job excess liquidity from the system, even when government is not interested in borrowing. Post-demonetization, the ceiling for MSS-securities was increased from Rs.30,000 crores to Rs. 6 lakh crores, and they were utilized to absorb the excess NDTL after the deadline for incremental CRR had expired. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 128272 Mrunal Patel
L2/P3: T-Bill, G-Sec, Zero Coupon Bonds, Bearer Bonds, Money Market
 
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Language: Hindi, Topics Explained: 1. Classification of Financial market: Money market, Capital Market Primary market and secondary market. 2. What are the differences between Treasury-Bills (T-Bills) and Government securities (G-Sec) 3. Coupon bonds, Zero Coupon Bonds, Bearer Bonds- features, differences 4. What's the purpose of Ways and Means Advances (WMA) 5. Misc. Debt instruments in Money market: Commercial Papers, Certificate of Deposits, Commercial Bills, Call money, Notice money. Powerpoint Files available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India Exam-Utility: UPSC CSAT, CDS, CAPF, SSC, IBPS, Banking, MBA interview
Views: 234979 Mrunal Patel
BoP#1: Current Account, OPEC Cutback, Strategic Oil Reserve, GIFT City
 
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- Definition of Balance of Payment, trade deficit, trade surplus - ranking of top five import export items by India - OPEC Cartel: Reasons for fall and then rise of crude oil prices on account of OPEC cutback deal. - Strategic Oil reserves: purpose and locations in India - Reasons behind the negative growth in imports and exports of India and declined trade deficit - major importance for items in the services sector of India - World Bank report regarding international remittances and India’s ranking. - Calculating current account deficit (CAD) of India - Sovereign Gold Bond Scheme, Gold Monetization Scheme: salient features, benefits and criticism - Foreign Trade Policy - Case study: Dubai International financial sector- facilities offered - Gift City: ownership, location, salient features - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 89114 Mrunal Patel
G5/P2: Coral Reefs & Marine Pollution
 
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Language: Hindi, Topics Covered: 1. Types of Islands in the world: continental, volcanic, sand –bar islands and coral islands, Atoll; and their examples 2. Coral reefs, their Formation: symbiotic relation of coral polyps and zooxanthalae 3. Condition for growth of coral reefs, their Spatial distribution. 4. Coral bleaching: meaning, Reasons for and global distribution 5. Formation of coral reef, Fringing reef and Barrier reef 6. Marine pollution- reasons, and Tar Balls. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 181330 Mrunal Patel
[Statistics for GS] Wrong Observation to Correct Average (shortcut Method).flv
 
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This was asked in 2011's UPSC GS (Mains) Exam: Q. The Mean of 200 items was 50. Later on it was found that two items were wrongly read as 92 and 8 instead of 192 and 88. Find the Correct Mean. Language: Hindi Topic: General Studies - Statistics [also, Aptitude- Averages] Exam: UPSC Civil Service IAS IPS Exam (India)
Views: 35594 Mrunal Patel
L3/P5: IMF, SDR, Quota reform & Gold standard Exchange rate
 
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Language: Hindi, Topics Covered: 1. Bretton Woods conference and the origin of International monetary fund 2. IMF: structure and functions 3. What is gold standard exchange rate regime? Why did it fail? 4. What are special drawing rights (SDRs)? 5. Value of individual SDR and its utility 6. Criticism against IMF and the need for need for reforms in it? 7. IMF Reforms: (1) Quota reforms (2) governance structure reforms 8. BRICS Bank vs AIIB (Self study) Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 162482 Mrunal Patel
Monetary Policy#1: Money multiplier, Fractional Reserve, High Powered v. Narrow v. Broad Money
 
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- So far in the budget and economic survey series 2017 (BES17): we've covered the evolution of money with special focus on digital payment in the light of de-monetization. - Now we shall move to monetary policy- tools, review of last one year's policies and its limitations. - But, first we must learn how can a Central Bank control money supply and liquidity in the system? - In his book the General theory of employment, interest and money, the famous Economist John Maynard Keynes listed the motives for which people demand and keep money in liquid form 1) transaction motive 2) precautionary motive and 3) speculative motive- also known as the asset demand of money. - We measure the money supply thus kept as "M1"- which is currency with public plus demand deposits in the banks. Because of the fractional reserve system, Every “R” reserve generates “1/r” new money - What is money multiplier, why is it said that in a functional economy, money multiplier is always greater than one? - What is M0: reserve money or high powered money? Why is it called liability of RBI? - Measures of money supply: M0, M1, M2, M3, M4. what is broad money and what is narrow money? Which one has the highest liquidity? - How can RBI combat inflation and deflation? What type of policy strategy should it use against these two scenarios? What is easy money policy, cheap money policy, dovish money policy vs. tight money policy, dear money policy, Hawkish money policy. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 211297 Mrunal Patel
Monetary Policy#2: SLR, CRR & Incremental CRR after Demonetization-Simplified
 
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- The commercial banks liabilities be classified in three parts 1) time liabilities 2) demand liabilities and 3) other liabilities. - Out of the net demand and time liabilities (NDTL), commercial banks are required to maintain cash reserve ratio and statutory liquidity ratio (SLR) under the provisions of reserve bank of India act and banking regulation act with a lag of fortnight. - In the pre-LPG reforms era, high level of CRR and SLR were major impediments against business expansions and exports. But after the BoP crisis of 1991, as per the recommendations of M.Narasimhan Committee on banking sector reforms, both these ratios have been gradually decreased. - Post-demonetization of Rs. 500 and Rs. 1000 notes in November 2016, there was a surge in the NDTL of commercial banks. Had RBI maintained status quo in CRR and SLR, then this excess NDTL would have translated into very cheap lending rates, thereby destabilising our economy. Hence, RBI introduced the idea of incremental CRR for a short period. - In incremental CRR system, SCB were required to keep 100% of their NDTL during 16th September to 11th November, as CRR for the fortnight from 26th november to 10th December. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 156509 Mrunal Patel
[Economy Lecture] L2/P2: Inflation Indexed Bonds (IIB), Nominal vs Real Interest rates
 
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1. What is the difference between nominal interest rate vs real interest rate? 2. Why do people invest in gold and real-estate during inflation? 3. Why is excessive gold-consumption bad for Indian economy? How to prevent it? 4. Differences between IIB an IINSS-C 5. Computation mechanism for interest paid on IIB, how is it linked with inflation? 6. Why are inflation indexed bonds (IIB) losing their sheen in 2015? Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India Exam-Utility: UPSC CSAT, CDS, CAPF, SSC, IBPS, Banking, MBA interview
Views: 238014 Mrunal Patel
G6/P5: Tropical and Temperature Cyclones- Development & Distribution
 
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Language: Hindi. List of Topics Covered: 1. Cyclone: Meaning, Frontal Cyclones 2. Temperate Cyclones: formative stage and development, mature stage, paths of a temperature cyclone and distribution of temperate cyclones in the world. 3. Frontal Cyclones: Occluded, stationary and dissipating front 4. Distribution of temperate cyclone in the world 5. Tropical cyclone: formation, mature stage, eye of tropical cyclone, properties and distribution. 6. Comparison: temperate vs. tropical cyclones 7. UPSC Mains-2014 question about location of tropical cyclones and its answer Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 189618 Mrunal Patel
L3/P3: capital account convertibility: Meaning, Implications
 
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Language: Hindi, Topics Covered: - What is “convertibility”? Why do we need to impose quantitative restrictions on convertibility between Indian rupee and foreign currency? - What is “full” current account convertibility? - What is capital account convertibility? Why does India have “partial” capital account convertibility? - Under FEMA, What are the quantitative restrictions put on current account and capital account convertibility? - What is capital account liberalization? - Features of Liberalized remittance scheme (2004)? - Arguments in favour and against of capital account convertibility and capital account liberalization. - How did full capital account convertibility lead to collapse of East Asian economies in 1997? - Recommendations of S.S.Tarapore Committee and why time not yet ripe for implementation of full capital account convertibility in India. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 191031 Mrunal Patel
[Geography Lecture] G1/P3: Continental Drift Theory
 
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Language: Hindi, Topics Covered: 1. Alfred Wegener and his theory. 2. Evidences and Limitations of Continental drift theory 3. UPSC 2013 Mains question on this topic 4. Drawing maps for India and world in minutes. 5. Arthur Holmes: convection current theory 6. Driving force behind the continental drift Faculty Name: Ms. Rajtanil Solanki Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad Exam-Utility: UPSC CSAT, CDS, CAPF
Views: 510996 Mrunal Patel
L0/P5: Time Management, Quality Study, Why Failures & Career-Backup?
 
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Powerpoint available at http://Mrunal.org/download Language: Hindi; Topics Covered: 1. Difference between study hours and quality study hours? 2. Common reasons why candidates repeatedly fail in the exam? 3. Why advanced planning is necessary for career backup? Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad
Views: 75111 Mrunal Patel
BES162/P02: Consolidated Fund, Contingency Fund & Public Account & CGA
 
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- Theory recap: Consolidated fund of India, public account of India and contingency fund: the components and procedures related to withdrawal of money from them - controller general of accounts belongs to which department of finance ministry? - The two components of appropriation Bill –1) demand of grant. 2) charged expenditure - difference between vote on account and interim budget - Faculty Name: You know who. - Language: Hindi; Powerpoints: English - Powerpoint available at http://Mrunal.org/download - Exam-Utility: UPSC IAS IPS Civil service exam and its Preliminary (CSAT), Mains and Interview stage; and other banking exams (IBPS, RBI), Staff selection commission (SSC-CGL) and state services examinations
Views: 59800 Mrunal Patel
Aptitude Probability- Bags and Colored Balls.flv
 
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Bag A contains 5 white & 2 black balls. Bag B has 2 white & 3 black balls. If any one back is chosen & a ball is taken out at random, what is the probability that it is a black ball? Language: Hindi Topic: Aptitude - Probability Exam: Assistant Provident Fund Commmissioners' Exam 2004 (India)
Views: 39799 Mrunal Patel
Ira Singhal (IAS Rank-1) How to keep yourself motivated during UPSC preparation?
 
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Q.How did you handle demotivation during preparation times? Ans. Don't take UPSC so seriously. How can you be depressed about an exam, if can't get this job, you'll find some other jobs, India is full of opportunities. You can be a contributing part of the society in many ways. So, let's not take this exam or yourself too seriously. Its nice to get this job, but it can't be the only thing in the life. Who you are, can't end in an answer of "IAS" behind your name. You've 'traits' that'll define you. I was very clear, why I was coming here. I loved my job in Cadburry. I had quit that cool job and nice salary. I didn't take that decision casually. But in my first three attempts, I got same rank and service, I felt may be god wants me to be in this IRS service only. But then my friends were really nice, who forced me to give this fourth attempt. So, I wasn't very keen on this attempt, hardly prepared for 15 days before the exam. But the good thing was this year's mains was not about mugging up. This time, it was just about connecting the dots. So people like me, could clear this. Yes demotivation happens to everyone, but it wasn't about system is wrong aur 'nahi hogaa'..my demotivation was mostly from that fact that I was lazy so opening books itself or hunting material online - that too truly boring. You get demotivated when you start listening to world around you. Don't make this exam about your ego. You see this as a life you want to have. Most people that I speak to - their only aim is "I want to become IAS"….but what after that? That’s just 25-30 years of your life. Why do you want to become IAS? I get 2000 messages per day "Ma'am I want to be an IAS like you!". But I have not become an IAS yet. I've not done anything as IAS yet. So, why do you want to become like me? Think beyond this. Your motivation will come, only when you find true aim in your life. If you think your identity will be defined only by you clearing this exam, then you'll be pressurized. This exam is no parameter. You've admit this UPSC has element of luck, you can't blame yourself for vagaries of luck. There are many other opportunities. If you think it carefully, you are preparing hard for this exam so that you can work even harder for the rest of your life (as a bureaucrat!) You've to bring rationality in your thought pattern, else ethics paper won't be cleared. If you becoming officer just to satisfy your "ego", then you'll only ruin the country.
Views: 755496 Mrunal Patel
Aptitude: Probability that only one gets selected from Husband n Wife (APFC)
 
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A person & his wife appear in the interview for 2 vacancies. The probability of selection of Husband and that of wife, are 1/7 and 1/5 respectively. What is the probability that only one of them will be selected? Language: Hindi Topic: Aptitude - Probability Exam: Assistant Provident Fund Commissioners' Exam 2004 (India)
Views: 16754 Mrunal Patel
BES171/Money#2: Limited vs Unlimited Legal Tenders, Fiat & Fiduciary Money, Gold standard,
 
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- So far we learned about the first two stages of money's evolution i.e. commodity money and metallic money. But metallic money was bulky to transport, so people started using bill of exchange and paper-currency as a substitutes for full bodied coins. This gave birth to two types of fiduciary money i.e. 1) legal tenders and 2) non-legal tenders. - Legal tenders can't be refused but there are caveats, accordingly they're subdivided into two parts 1) limited legal tenders such as coins which can't be used beyond a level for debt-settlement; and 2) unlimited legal tenders e.g. currency. While in theory Indian currency is unlimited legal tender but government can put reasonable restriction on it. e.g. in the latest budget 2017, the Finance Bill section 269ST prohibits cash transaction of rupee 3 lakh and above. - When fiat money is backed by gold or silver standard, it's called "representative money", and when central bank promises "to pay bearer the sum of this many rupees", currency becomes an "anonymous bearer bond with zero interest". - Over the years, India has followed three currency standards 1) fixed exchange rate 2) minimum foreign reserve system 3) managed paper currency standard. - In India, two entities issue fiat money 1) Government of India under the coinage act 1909 they issued all coins and Rs.1 note; while 2) RBI Act 1934 empowers RBI to issue the remaining bank notes and RBI central board is empowered to make recommendation to government of India to withdraw any notes from circulation. This is called "Demonetization" and was done thrice in India after independence. - After the demonetization of Rs.500 and Rs.1000 notes on 8/11/2016, Government of India issued Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 to curtail the liability of RBI regarding note exchange and at the same time make it punishable to hold old currency notes beyond a limit of 10-25. In the Budget 2017, same ordinance was put tabeled as a bill. - The controversy regarding fake Rs.10 coins. - What is bank money, how is it generated, what are its advantages? Powerpoints available under Mrunal.org/download - Faculty Name: You know who - Powerpoint available at http://Mrunal.org/download goto Mediafire folder - "Powerpoint" -"1_Economy_Mrunal" - there goto "BES17_Budget_Eco_Survey" and you'll find the powerpoints. - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS, SBI, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 252239 Mrunal Patel
G6/P1: Climatology-Atmosphere structure, Aurora
 
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Language: Hindi, Topics Covered: 1. Origin of atmosphere on earth 2. Proportion of gases in atmosphere 3. Structure of atmosphere: Troposphere 4. Greenhouse effect in atmosphere 5. Stratosphere 6. Mesosphere 7. Noctilucent clouds 8. Thermosphere 9. Ionosphere and its layers 10. Exosphere 11. Aurora formation 12. Solving MCQs asked in UPSC Prelims 2011 and 2012. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 270504 Mrunal Patel
L2/P5: P-Notes, ETF, Hedge Funds, Mutual funds, Alternative Investment Funds
 
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Language: Hindi, Topics Explained: 1. Mutual funds, NAV, Exit Load, types of MF and AMC- Asset management companies. 2. Exchange traded funds- purpose, mechanism, how are they different from Mutual funds? 3. Hedge funds, Alternative investment funds, SEBI norms 4. Participatory Notes (P-Notes), Issues of Hot Money, Capital Gains tax (CGT) evasion), money laundering and SEBI norms Powerpoint Files available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, SSC, IBPS, Banking, MBA interview Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 203001 Mrunal Patel
Ira Singhal (IAS Rank-1) Notes Making, Books-reading, News-Debates & Current Affairs
 
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Q. Please tell us something about notes making Ans. I've never made notes, I study 15 days before exam, there is no time left for making notes. But Mrunal is doing brilliant job at it. Infact in GS3, I wrote many answers directly from his website. and I genuinely regret not having studied it properly. I did it on night before the exam. I wish he was there in my first attempt, I would have studied every page of it. I've 95 score in GS3, and I think 117 is the highest score. So, that's mainly from his website, You don't need to go outside his notes. Q. You said you don't make notes but earlier you said you've read 35+ books for geography, so How did you manage to complete revision? Ans. There's a problem in notes making- Whatever perspective you gain out it, you'll just write that. But if you read same textbook thrice, you'll get three perspectives. If you make notes, you've taken 1 perspective, then only that you'll remember. For the first time, I read 35 books, then I found it which of them are useless. So next time, I only read limited books. As such I don't make notes, I don't do answer writing practice but in my first attmept, I had covered lot of ground, so It didnot take that much effort in this attempt. Last year, my friend gave me a note on a Government report. I read it, I didnot like it. Later on, I read full length report and realized, the note and the full report were entirely different from each other. I guess notes making works for most people, but it doesn't work for me. Q. How do you keep updated in current affairs? please see the resources mentioned in my blog http://irasinghal.blogspot.in/2015/07/booklist-for-mains-essay-no-book.html I did Vision coaching current affairs. I think they copy paste articles from The Hindu but since I was too lazy to read the Hindu everyday, this worked for me. I did the C.A. right from December of 2013. Last year I did not do current affairs at all, but that was a big mistake. Q. Do you watch TV / documentary / debates? Ans. Except football, I don't watch TV. Because I don't want to produce someone else's ideas. You may refer to AIR debates at night. But you won't be able to cover all topics through debates. I prefer to get news from online resource, because it helps in 'timepass' also. Q. Please tell strategy for General studies preparation for Mains? Ans. I don't have strategy because that takes lot of hard work, and once you've put hardwork you're emotionally attached to it. Then its very tough to let it go. You'll continue investing on it, even if its failing. I made an excel with all the topics, I read 3-4 sources for each topic, so I get general perspective for all topics, and you've to read government reports, and refer to ministry websites. In 2013, I read a lot of random things, this time I've focused on selected resources. Q. In GS mains paper-1, geography is becoming very tough. How should a non-Geography optional person should approach it? Ans. As such very few geography questions asked, but then again look at Art-Culture is also tough. You'll have to prepare either culture or geography in detail. Although this year, Geography was not factual, If you've some idea, you could write something. But at the same time, don't bluff. Last year (Mains-2013) IT Act section 66-A was asked, I mistook it for income tax act and wrote entirely bluff-answer. please don't do that. Let's respect the intelligence of the examiner. Venue: SPIPA, Ahmedabad, Date: 12 August 2015
Views: 390262 Mrunal Patel
G4/P2: Geophysical Phenomenon- Earthquakes & Tsunamis for GS-Mains Paper1
 
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Language: Hindi, Topics Covered: 1. Earthquake: meaning and Mid oceanic ridge 2. Types of earthquake: shallow focus, intermediate focus, deep focus 3. Reasons for earthquake: Plate collision, divergence plate boundary, transverse plate boundary, Mediterranean sea, Craton , Human induced earthquakes 4. Tsunami: meaning, Comparison between normal sea waves and tsunami waves 5. Phrases of Tsunami 6. Indian preparedness of Tsunami Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Civil Services Mains Examination Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 187794 Mrunal Patel
Ira Singhal (IAS Rank-1) on Optional Subject Selection & Pre Cum Mains Preparation
 
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Q. Many toppers say they prepared for the mains first and then moved to Prelims. What is your approach? Ans. In 2010, I prepared for GS prelims, because in that time we had to face one GS and one optional paper at MCQ level. I didn't GS prelim for 2014. I was lazy and Aptitude paper helped me get through. And I've cleared because of that only. Otherwise I got just 76 marks in GS Prelims. There are people who get 134 in GS prelims alone. If those are the people clearing, then you too have to prepared hard. Although in Prelims they ask factual GS while in Mains they doesn't ask factual GS, so effort goes into vain. Still, you'll have to prepare for both. Q. What are your tips on selection of optional subject? - Pick an optional in which you can hope to clear the exam. - It's wrong to say, this optional is good than that optional is bad. - You have to ask- can I study this thing subject again and again? I chose Geography which is the worst optional in practical sense because takes minimum six months to complete, still I picked because I loved it. - Geography / public administration is not a really good idea, unless you can love it. Because there are thousands of people appearing with them, so difficult to outshine against them in answers. - But if you take commerce where hardly 500 candidates would be answering, so there is scope to write differently, and there are factual / calculation type question wherein no debate over 'what constitutes a good answers'. - If you are uncertain about two-three equally good looking optionals, then pick an optional which is less popular, because then it is less difficult to outshine against other people's answers. - Although, I myself didn’t pick Management despite having done MBA, because each year hardly 10 people take it and there is no material or guidance available on how to go about this subject?And back in 2010 then even internet groups / blogs were not active for UPSC group. - So, largely when picking optional keep two things in mind: (1) subject you love (2) subject that is less popular. Q. Do you think Engineering optional subjects are bad scaling and we should pick humanities subjects? Ans. But I think technical subjects have better success ratio on better than Humanities. In top one to hundred ranks, you'll find good number of toppers with technical subjects. For example this, Third rank: physics, Renu Raj took Malyalam. Aman Mittal with Electricial engineering. Geography optional preparation For Geography optional strategy- I'm going to post a blog article. Overall, I've studied ~35-40 books for Geography optional. Every single topic I've done 10-12 times. There are people who just read 4-5 books multiple times and clear but I can't. I'm terrible at map. But since they're asking so many unknown places, they are not even available on google maps, I tried many times. So cost benefit not that good. Although my fundamentals about geography are very strong, I can teach it to you within three hours- enough for the prelims. Not all Geography optional questions are such that you can draw diagrams but as and where you find opportunity ,you should do it. In map questions, the marks are divided on basis of map location and information about the location. But don't lie. Example, you can't write "it falls in the region of heavy rainfall!". Better discuss soil and agriculture.
Views: 112970 Mrunal Patel
G5/P6: Ocean Water Salinity & Salt Water Budget
 
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Language: Hindi, Topics Covered: 1. Salinity of ocean water: meaning 2. Salt budget of ocean water 3. Sources of salt in ocean water 4. Removal of salts from ocean water 5. Variation in salinity 6. Pattern in variation of salinity: comparison between equatorial water to tropical; comparison between northern and southern hemisphere 7. Local variation in salinity at ocean currents, enclosed sea, mouth of big rivers 8. Map: seas and mouth of big rivers- Mississippi into Gulf of Mexico, Amu Darya and Syr Darya into Aral sea , Black sea, Euphrates and Tigris into Persian gulf 9. Local variation in salinity: melting of glaciers 10. Vertical pattern of salinity Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 149267 Mrunal Patel
Monetary Policy#4: MSF, LAF-Repo Rate, RR, Bank Rate, Policy Corridor, Liquidity Injection
 
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- Under the quantitative monitoring policy, in this session, we will learn about Bank Rate, Repo Rate, Reverse Repo Rate, marginal standing facility (MSF) and how they can be used to control money supply and to fight against inflation and deflation - What is the liquidity adjustment facility (LAF) window? - What is policy corridor? Why it has been narrowed from 1% to 0.5% by Dr. Raghuram Rajan? - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 128294 Mrunal Patel
L3/P6: WTO, Bali Package, Food subsidy issue, TFA
 
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Language: Hindi, Topics Covered: 1. General Agreement on Tariff and trade (GATT) and the origin of World Trade Organisation (WTO) 2. WTO: structure and functions 3. difference between tariff and nontariff barriers in international trade 4. major agreements under WTO. 5. SPS Agreement: Sanitary and phytosanitary measures, ban on Indian Alphonso and American poultry 6. Three types of subsidies: green box, Amber box and blue box- and provisions of WTO on them. 7. Agreement on agriculture –food subsidies quota on developed and developing countries. 8. WTO Bali summit and its 3 major outcomes 9. Peace clause: origin, purpose and features 10. Trade facilitation agreement (TFA)- origin, purpose, features, why did India refused to sign it initially? 11. Shanta Kumar FCI-PDS reform Angle to food subsidies Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 177352 Mrunal Patel
BES161/P8: MCLR Vs. Base Rate, Small Savings Schemes hindering Monetary Policy?
 
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- How small savings schemes have hindered the complete transmission of monetary policy? Why did Government reduce the small savings rates? - Who decides the loan interest rates of banks? Base rate system vs Marginal cost of funds based lending rates (MCLR)? - List of structural rigidities that are preventing complete transmission of monetary policy? - Why Monetary Policy alone can’t combat inflation/low-growth? - Faculty Name: You know who. - Language: Hindi; Powerpoints: English - Powerpoint available at http://Mrunal.org/download - Exam-Utility: UPSC IAS IPS Civil service exam and its Preliminary (CSAT), Mains and Interview stage; and other banking exams (IBPS, RBI), Staff selection commission (SSC-CGL) and state services examinations
Views: 71931 Mrunal Patel
DIY-P1: UPSC Prelim cum Mains Preparation: How to begin  General Studies (GS)
 
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- the difference between a UPSC lover and a UPSC killer - the syllabus and analysis of general studies for preliminary and Mains examination - how to approach science and technology for prelims cum Mains preparation - overview of the MCQ asked from public health topic in UPSC 2015 preliminary exam - how to cover the public health, pharmacy and medicine related News from the Hindu, for UPSC prelims and Mains - Faculty Name: You know who. - Powerpoint available at http://Mrunal.org/download - Exam-Utility: UPSC IAS IPS Civil service exam and its Preliminary (CSAT), Mains and Interview stage.
Views: 621097 Mrunal Patel
L7/P10: Communication Infrastructure: Spectrum Auction 2015 & its implications
 
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Language: Hindi, Topics Covered: 1. Spectrum related theory- various bandwidths and their real life applications 2. 2G scam, National telecom Policy 2012: salient features of 3. Spectrum auction 2015: mechanism, benefits and challenges from Government, companies and customers’ point of view. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC IAS IPS, CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Faculty Name: Mrunal Patel Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 51152 Mrunal Patel
BES171/E-Payment #1: MDR, PoS, Interoperability, BharatQR, Ratan Watal, C.Naidu & Budget provisions
 
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- In earlier parts, we learned the MCQ, objective type theory and current affairs for digital payment systems and mobile banking. - Now let's move to analytical and descriptive aspects for UPSC mains and interviews - As such, Government of India had constituted Ratan Watal Committee and then Chandrababu Naidu Committee to suggests ways to increase digital payments in India. Later, even economic survey of India and Yojana February 2017 also suggested measures make India a less cash economy. - In this session, we'll look at those challenges and reforms, including the provisions made in the latest budget. - On the technical side, challenges include 1) merchant discount rate (MDR) and KYC norms for buying PoS terminals vs latest BharatQR code. 2) interoperability i.e. ability to move money from one platform to another and 3) scams and regulatory structure. - As recommended by Ratan Watal, the latest budget mentioned setting up a separate payment regulatory board (PRB) under RBI to take over the functions of erstwhile BPSS for monitoring digital payments. - In this episode, we'll take a look at all three of them- including their challenges and reforms. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 159135 Mrunal Patel
Ira Singhal (IAS Topper Rank-1) explains Ethics Case study Writing & GS4 Preparation?
 
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Q. How can we prepare ethics paper without coaching? because we know what is constitutionally right or wrong but how to put it in answer sheet? Ethics paper is asking about “you”. for example “what does happiness mean to you?” no coaching class can teach you that. Coaching will be detrimental here because even if you don’t belive in something, you’ll try to convenience the examiner about it. For remaining papers, it doesn't matter, they’re factual or textual questions where your internal belief doesn't matter much. You’ve to define yourself, be honest with yourself. There is no right or wrong answer here. You don’t need to practice for that exam, it should come from within. Yes, there is a structure of writing the case study -I’ll discuss that one. example, if you dislike someone, find out why? First you deal with your own negative emotions. Q.How to write case studies in a structure manner? Consider following question asked in Mains GS Paper 4 in 2014 Rameshwar successfully cleared the prestigious civil services examination and was excited about the opportunity that he would get through the civil services to serve the country. However, soon after joining the services, he realized that things are not as rosy as he had imagined. He found a number of malpractices prevailing in the department assigned to him. For example, funds under various schemes and grants were being misappropriated. The official facilities were frequently being used for personal needs by the officers and staff. After some time, he noticed that the process of recruiting the staff was also not up to the mark. Prospective candidates were required to write an examination in which a lot of cheating was going on. Some candidates were provided external help in the examination. Rameshwar brought these incidents to the notice of his seniors. However, he was advised to keep his eyes, ears and mouth shut and ignore all these things which were taking place with the connivance of the higher-ups. Rameshwar felt highly disillusioned and uncomfortable. He comes to you seeking your advice. Indicate various options that you think are available in this situation. How would you help him to evaluate these options and choose the most appropriate path to be adopted? 250 words Approach: You’ve to do a stakeholder’s “pro-con” analysis. Usually most case studies have following stakeholders Person /Victim / Complainant Staff / officers/ bosses organization/ government society at large. You analyse each option from each of above’s perspectives. In Rameshwar case study- only two stakeholders need to be discussed- (1) him (2) organization. Decision: Should Rameshwar quit or not? Stakeholder Pro Con Person (Rameshwar)- pro : Can find better job wherein his talent is properly utilized. Con: May be rendered jobless. Organizatin- Pro: Unhappy employee is unproductive employee, better let him go. Con- Money spent on his training, will be wasted. Difficult to find a new replacement person quickly. Ultimately, you should write the least selfish answer. Q.How to handle questions related to Feminism? It is .Better not to pick up such questions in essay / ethics, if you’ve option to answer another question. Because you don’t know the gender of the evaluator. I discussed last year’s ethics paper with boys and girls, each wrote different answers. Even if the topic is close to your heart, but we may not be able to maintain rationality. Our end goal is to “pass” the exam. Never get overexited over topic. Q.Please prescribe resource / Booklist for Ethics GS Paper 4 Lexicon thin book on ethics I Didn’t really need to prepare much so no clue. Never did a single case study or read any other book. Can’t help much here. I handled Case Studies basis what I had learnt in Business School so there isn't any one technique. Every question requires a different strategy. Some techniques you can google are - PESTEL, Stakeholder Analysis, Value Chain, SWOT and Pro-Con. Venue: SPIPA, Ahmedabad Date: 12 August 2015
Views: 84682 Mrunal Patel
L1/P3: Banking Repo Rate, MSF-LAF, Bi-monthly Monetary Policy Review
 
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Language: Hindi. Topics Covered: 1. What is Bank rate? 2. What is Liquidity adjustment facility (LAF)? 3. Difference between MSF (Marginal standing facility) and LAF? 4. What is repo rate, reverse repo rate? 5. What is policy rate? How can it be used to combat inflation and deflation? 6. Bi-monthly Monetary Policy review-including the latest reduction in repo rate on 15th January 2015. Powerpoints used in this video, is available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad. Utility: UPSC, IBPS, SSC & other recruitment exams and MBA-Interviews in India.
Views: 596890 Mrunal Patel
Budget-2017: Money Bill vs Finance Bill, Parts of Budget, Vote on Account
 
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- Parts of Budget: annual financial statement (AFS), appropriation Bill and finance bill - Consolidated fund, contingency fund and public account of India. - The difference between vote on account and interim budget. Since this time project was cleared before the commencement of the new financial year, and there was no need for a vote on account. - Next lecture, we'll see the direct taxes theory and provisions in Budget 2017 - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 94845 Mrunal Patel
Ira Singhal (IAS Rank-1) on Interview preparation, past interview-xp & Hobbies
 
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Q.You've given interview four times, how was your experience? Ans. Female panelist focus on "personality", "about you", "situational reaction test". I get 190+ in my previous two attempts. Male chairman focus on "factual" questions where I perform not so good, and hence get lower marks- 151(2013) and 162(2014). I go at interviews assuming I'm going for a chat. If they want factual and structured answers, then I don't perform well but I'm not scared of interview. Panelist have more experience than you but let's not give them too much credit. They're not sent on earth to judge you. You should give straight forward answers without being rude. Don't try to show fake personality. Be polity and be honest. Q. How should one prepare Hobbies for interview? Ans. I've many hobbies- reading, dance, theatre, astrology, travel, cooking, creative writing, football, music and so on. Why shouldn't you have hobbies? Please don't create hobbies, genuinely create hobbies. If you're doing something naturally, you'll have some knowledge. Don't make your life that boring. You got only one life, do all type of things. Thankfully I had great parents. Although my dad torn away lot of my novels but he promoted me to do many other things. Kids of my neighbors would stay in front of books for 12-15 hours but day dream, while I read only few days before the exam, and yet got better marks in my school exams.
Views: 33195 Mrunal Patel
Monetary Policy Update (MP1-FY18): Standing deposit facility (SDF), Tri-party Repo Rate & More
 
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- As such we covered the theory monetary policy and review of bi-monthly monetary policies during 2016-17. - But, afterwards RBI released the first bimonthly policy of the financial year 2017 – 18 in April 2017. it contains so many new changes, so I have add it as a rejoinder to the topics I've already taught. - Earlier we had learned that to absorb the excess liquidity created by the demonetization, forced RBI to impose incremental CRR, and issue Cash management bills under the market stabilisation scheme (MSS). But now those CMB are maturing, so to temporarily absorb that excess liquidity under reverse repo mechanism, RBI narrowed the policy corridor. - What is standing deposit facility (SDF) - Swapping of the collateral in repo window. - Frequency of NEFT settlements increased from one hour to half hour. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 91940 Mrunal Patel
[Economy Lecture] L2/P1: Debt securities: Credit Rating, Bond-Yield, Muni.Bonds, SEBI norms
 
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Language: Hindi, Topics Covered 1. Recap of banking sector lectures and minor updates as per latest monetary policy review (Feb 2015) and Committees for Small banks and Payment Banks 2. What is finance? Why should we start business with finance from elsewhere? 3. Type types of Financing mechanism: Debt Instrument vs Equity instruments 4. What is credit rating? What is India’s current credit rating? What factors affect it? 5. What’s the difference between Gilt Edged securities vs. Junk Bonds 6. What is bond yield and yield to maturity (YTM)? 7. How can higher bond yield and lower credit rating hurt a Government? 8. Difference between Bonds and Debentures? 9. Municipal bonds: History, their Importance in financing smart cities, SEBI’s 2015 guidelines for Municipal bonds. 10. OFCD and other types of Debentures Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India Exam-Utility: UPSC CSAT, CDS, CAPF, SSC, IBPS, Banking, MBA interview
Views: 320284 Mrunal Patel
Bank NPA #1: Twin Balance sheet Problem (TBS)- Three Stages [Economic Survey Chapter 4]
 
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- Although we learned about the NPA- Twin balance sheet problem in last year's lecture series (BES161) but since the new economic survey and budget have mentioned the same topics, and UPSC has not yet asked substantial number of MCQs from here, so we've to recap. - As of 31 December 2015, the total non-performing asset of scheduled commercial banks in India have stood at 9.6 lakh crores. Majority of this NPA is concentrated among the public sector banks (PSBs). - Economic survey notes that the level of NPA in Indian economy, is among the highest in the BRICS nations! - This NPA problem has created stress in the balance sheets of both the corporate and public sector banks, hence a new term was coined "twin balance sheet problem". - CEA Arvind Subramanian has outlined three stages in which this cancer has spread in the Indian economy 1) before the sub-prime crisis, there was a surge in borrowing 2) after the global financial crisis, there was a fall in demand 3) ultimately, corporates had debt servicing problems to a point where their revenue was insufficient even to pay for the interest. - What is IC1 company? - Although, India's case is unique because despite such high level of India, our economy has not collapsed, or come to a standstill, unlike those advanced economies after the sub-prime crisis, or those East Asian tigers after the crisis of 1997. - Survey projects two scenarios of the NPA/TBS problem: 1) phoenix 2) containment. - Because of this problem, banks have become reluctant in their lending operation especially the micro and small enterprises. - The decline in the profitability, has also led to fall in the share prices of public sector banks, some of them even selling below their face value. - Faculty Name: You know who - all Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 118013 Mrunal Patel
Aptitude: Probability  of getting same letter from two words (APFC)
 
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Question: A letter is taken out at random from the word "Assam" & a letter is taken out at random from the word "Nagaland", What is the probability that the two letters are same? Language: Hindi Topic: Aptitude - Probability Exam: Assistant Provident Fund Commissioners' Exam 2004 (India)
Views: 18450 Mrunal Patel
L7/P3: Mining Infrastructure: Deveopment & regulation- MMDR 2015, Coal auction
 
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Language: Hindi, Topics Covered: 1. self-study topics from India yearbook: related to mining and energy sector 2. constitutional jurisdiction of union and State governments for mining activities 3. mines and minerals development and regulation (MMDR): salient features of the 2015 bill, prospecting license, two new organizations: NMET, DMF; mining area-duration limits. 4. Benefits and criticism of MMDR Bill 2015 5. Why Coal scam, captive use, Coal mines (Nationalization) Act. 6. Coal mining (special provisions) 2015 bill- salient features, schedule I, II & III mines. 7. Coal Auction mechanism for power projects & non power projects, forward bidding and reverse bidding 8. Coal Bill Pros and Cons from union, state, companies, consumer and environmental point of view. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Faculty Name: Mrunal Patel Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 65084 Mrunal Patel
L6/P8: GIFT City & international financial service center (IFSC) Features-Benefits
 
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Language: Hindi, Topics Covered: 1. Case study: Dubai International financial sector- facilities offered 2. Gift City: ownership, location, salient features 3. SEBI provisions for opening stock exchange in gift city, guidelines for hedge funds and mutual funds 4. RBI’s guidelines for IFSC Banking Units: can they accept retail customers, rupee deposits? Are CRR, SLR applicable to them? 5. What are the legal challenges in building GIFT as an international financial service centre (IFSC)? The issue of full capital account convertibility 6. Mock Questions for Mains: Vibrant financial markets are critical to a country’s GDP growth. Examine the importance of proposed GIFT city in this regard, & discuss challenges in its setup. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Faculty Name: Mrunal Patel Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 62552 Mrunal Patel
BoP#3: Bretton Woods Organizations: WTO Agreements, IMF Gold Standard
 
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- IMF Gold standard system and Triffin's dilemma? - WTO summits and agreements against tariff and Non-Tariff Barriers, including latest trade facilitation agreement (TFA)? What is peace clause? - Difference between AIIB and BRICS New Development Bank? - Why did Donald Trump leave Trans Pacific Partnership? And more - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 67588 Mrunal Patel
Financial Market #3: Companies Act, Limited Liability Partnership (LLP), Corporate Governance, NCLAT
 
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- Limited Liability Partnership Act 2008: purpose se and provisions. - Companies act 2013: types of companies, public limited company, private limited company, one-person company, dormant company, not-for-profit company – with examples - Norms for minimum authorised capital, paid up capital, directors, independent directors, meeting quorums, advance notices, limits on auditors, company secretary requirements, whistleblower provisions and corporate social responsibility. - Statutory bodies under the companies act 2013: National Company Law Tribunal (NCLT), National Financial Reporting Authority (NFRA), Investor and Education Protection Fund, and SFIO- Serious Fraud Investigation Office (SFIO); their structure and functions. - Administrative functions of ministries of corporate affairs from India Yearbook Chapter 14- MCA-21, INC-29. - Is corporate governance in danger in India? Why should we bother? What are the disputes between Ratan Tata vs. Cyrus Mistry vs Nusli Wadia, Infosys founder Narayan Murthy vs CEO Vishal Sikka. Why is USFDA criticizing the breakdown of corporate governance among Indian pharmaceutical companies, what is Park doctrine? - Framework for Mains answer writing from this topic of corporate governance. - This concludes the “Finance” topic. Next time, We will see insurance sector. === - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
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