Can anybody please explain the following lines.
The current weak global growth outlook may prolong easy monetary policy stance in most advanced economies (AEs). Consequently, low risk premia may lead to accumulation of vulnerabilities and sudden and sharp overshooting in markets cannot be ruled out. As of now, financial risk taking has not translated into commensurate economic risk taking.
Anybody faced any issue for obc certi in interview
Hi puys.....a happy new year to you all and congrats to all the RBI assistants.....
I have a little querry here.....
Does anyone know the hierarchy at RBI...not like grade A-F, but like assistant manager, manager, like that and what grade is what position....please let me know if any one gets this...
why is gold smuggling a problem other than that it is not legal???
what are the economic implications because official exchange rate is not disturbed due to it.
why in a developing country like India, household savings are more important to fund development projects? How do developed countries fund projects?
What are bonds?How yield is determined on them?
Why is it necessary to stick to the fiscal deficit target?
What are retail deposits?
I have got my queries answered in a very lucid manner on this page.Thanks to all. I am from a science background. I understand only some concepts of economics and that too superficially, I dont have in-depth knowledge on a wide variety of subjects.
From what sources should I study to expand my base of knowledge on economics on wide issues??
Feel free to comment.
for those who are done with their interviews
are they checking our CV??
or just asking questions from the biodata form which they already have.
bhayion and beheno koi interview wagera share karo
hopefully sab ka accha jaa raha ho
my best wishes to all
for a guy who has no work experience and has done B.TECH
what will be the composition of his/her interview?any idea
how much from bio data and how much from economics?
what should be the areas to focus?
plzz help
Interview experience 7th Jan, 15
Venue: Hyderabad
Background: BE (Comp engg)+ MBA, Finance and interational trade (IIFT, Delhi)+ 16 months of work exp with a trading firm.
Interview duration: 18-20 minutes
Pleasantries exchanged
Sardarji starts: I like the words and adjectives you have used in your bio data "avid reader, good singer, decent photographer, lone wanderer"
Questions on music (english 60s, 70s, Indian bands)
Questions on choice of books (abstract, philosophy, random) why abstract? recent books read (a lot of haruki murakami) what/who was kafka? few other books.
Panelist 2: which is the latest FTP (09-14)? incentives for exporters( FPS, MLFPS, DEPB, etc) difference b/w FPS and MLFPS? A question on MLFPS regarding its intention which I couldn't answer.
Panelist 3: Share of India's exports in world trade, why so low? what's wrong with Indian export sector? why hasn't the export growth picking rate?
Panelist 4: Have you heard about make in India? What is it? What has Rajan been saying? Why? make an assessment. why so much hullabaloo ? who is right?(of course Rajan cos you want to join RBI, everybody laughs :-/) What is interest subvention? Is it a subsidy?
Panelist 5 (the lady): What is EEFC? what's the funda? what guidelines did RBI give wrt EEFC to combat the currency outflow?
That's all. Was quite chilled. I wished for it to be longer but i think they were hungry(were talking about lunch before starting my interview). fingers crossed.
Hi puys....finally had a pleasant sleep last night...after a long time(2 months)....well then coming to my interview experience....here it is...
Qua: B.Com, ICWA(Inter)
Experience: 0(fresher)
verification started at 9...and they said that the interviews will start at 10 AM....by 10 only 4 verifications were done....but they started right on time...the frst one was called at 10 for interview...nothing serious in the verification process...they were pleasant and just went on with their work...
My number was 15, out of the 15 that have been called for....so i had to wait and it was good to wait because i came to know all the experiences of the 14(13 actually) candidates......during the wait...some of us interacted and ankit gupta was also there with us...he was number 11...anyways heres the interview
Me: May I come in Sir!
M1(Sardarji): Yes please come in...
Me: Good morning Sirs and Madam....(forgot to wish the madam first...)and if I may...Wish you all a Happy New Year....
There were five, sardarji(M1) in the center, lady(F1) in the left corner, two(M2 & M3)) on each side of sardarji and one M who has a pen and paper up his face and doing something.......(M4)
3 out of 5: Thank you and wish you the same(smiling and looking at each other) please take your seat......
Me: thank you sir......
M1: so Mr.Vihari...what is this ICWA that you have mentioned here...(I gave that as my additional qual)...
Me: explained the purpose of CWA and its contrast from CA and what exactly happens at both the levels.......
M1: what are controlled costs......
explained....
M1: what comes under controlled costs....variable or fixed and examples
explained...M4 still busy with the pen and paper
M2: What do you think is the rank of india in investment or for doing business......
couldn't understand what he meant...so asked again for clarity
he said...what is your opinion as an investor whether you want to invest in india or not.....
explained the current benefits to investors and the changes in the govt's attitude towards FDI and FII and how it is favourable to the investors.......
M2: what is black money.....
explained....using the income tax evasion as an example....M4 still doing something...i felt like he was making a sketch of my face on the paper...with the paper straight to his face and looking occasionally at me.......
M3: what are its sources other than evading incometax
explained
M3: what other exams are you preparing for......
gave the frank answer of IBPS and Insurance AOs...
M3: who is a wilful defaulter....
explained..and used the word insolvency.....
M3: are there any particular laws for insolvenccy.......
didnt get his intention correctly.....asked for clarity
Sardarji intervened
M1: Any acts in india which specifically deal with Insolvency...
accepted that i dont know any specific act like that.....M4 finished the sketch but not opening his mouth........
F1: as an investor what are the accounting ratios you see in a bank...
thought that she wanted only normal accounting ratios
so i gave a few profitability and capital adequacy ratios...
she said she want something which an investor wants to know...
then i mentioned about the EPS, P/E, Debt-Equity, dividend yield ratio, solvency ratio, etc....
but i see that she was not satisfied...but said that ok no need to go deep.......
M1 looked at others and they nodded....and he said Ok thank you Mr.Vihari you can go now......
Thank you sir...have a good day..........
guys overall it was like my knowledge on graduation rather than the economics or current affairs(and i am quiet happy about that)....
most of the guys who went before me said the same thing....like focus was on the graduation subjects.........even ankit was asked alot of graduation subject.......i am not saying that only that will be asked but brush your graduation as well........there are guys who have finished their degree in 2011 or so and preparing for their civils or doing some job....but you also need to go through your graduation before attending the interview....mine went good and hope to see a result with my number in it.......thank you for your support and wishes.......specifically mnrnjnbhr and star4093..thank you guys hope you do well as well......
Hi all, i have 6 years of work experience in IT infrastructure support in three companies. Can anyone suggest what are all the expected questions from this background? or anybody with similar profile attended the interview ?
Q What does RBI do with Forex reserves?? Couldn't find it on the net.
Those fellow puys who have fought the battle of interview of Grade B, our best wishes are with them.
Please post your experience and guide your fellow puys in gearing up for the same.
You dont know, your experience might come useful to candidates this year or maybe next year. What is more fruitful than helping others who are following you on the same road.
Let us all decide that we will post our interview ex. and after the results when the most eligible of us are selected, we will not let our less lucky friends to get disheartened and will post our unique way of studies and how we remained optimistic and positive throughout the process as success is only achieved through guidance and what better than guidance of your peers.
Guys, any idea why RBI doesn't keep any collateral on loans given on Bank Rate??
Can anyone help me get access of "Target RBI Grade B 2014" group on facebook? Thanks in advance.