Consider the following statements regarding monetary policy 1)The monetary transmission in 2015 has been very efficient/efficient 2)The gaps between the policy rate and bank rates have increased significantly in the last year Choose the correct option A)Only 1 is correct B)Only 2 is correct C)Both are correct D)Both are wrong The correct option is c" Explanation,the monetary transmission refers to the process wherein the banks transfer the benefits of the decreased rate to the customers. In the last year RBI has reduced cumulatively 125 bps whereas the bank lending rates have been reduced by 50 bps. The gap between the policy rate and bank rates has increased significantly.
Can anyone plz discuss the numerical part of FM paper??the bond questions that are asked and is also given in RBI Information hanout for phase 2??
Modi Govt. Schemes 2016 :
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16 Jan 2016
Startup India, Standup India
Purpose: To provide support to all start-up businesses in all aspects of doing business in India.
21 February 2016
Shyama Prasad Mukherji Rurban Mission
Purpose: To create 300 rural clusters across the country and strengthen financial, job, and lifestyle facilities in rural areas
Outlay---Rs. 5142.08 crores.
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03 March 2016
Setu Bharatam Project
Purpose: To free all national highways from railway level crossings and renovate the old bridges on national highways by 2019
Investment --- Rs. 50,000 crore
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1 May 2016
Pradhan Mantri Ujjwala Yojana(PMUY)
Purpose: To distribute free LPG connections to the women belonging to 3.5 Crore BPL families across the country.
Ministry: Ministry of Petroleum and Natural Gas
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14 April 2016
Rashtriya Gram Swaraj Abhiyan(RBSA)
Purpose: To help Panchayat Raj Institutions deliver Sustainable Development Goals.
Main Goal: Government to Double the Income of Farmers by 2022
Funds allocated to for agriculture and farmers’ welfare--- Rs. 35,984 cr
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9 June 2016
Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA)
Purpose: The pregnant ladies will be given free health check-up and required treatment for free on 9th of every month.
The scheme is applicable only to the women in their pregnancy period of--- 3 to 6 months.
Hi guys, anyone having their centre at Ullal main road, Annapoorneswari layout l, Bangalore. Please let me know. Thanks.
anyone accessed preper 2500rs.. if u have plzzz tell me.. i will also contribute with u
Cabinet Approves Creation Of GST CouncilThe Union Cabinet has approved the process, formation and functioning of the Goods and Services Tax (GST) Council as per the Article 279A of the Constitution.Decision in this regard was taken by the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.
Cabinet also approved
------------------------------------- Creation of the GST Council Secretariat with its office at New Delhi.- Appointment of the Secretary (Revenue) as the Ex-officio Secretary to the GST Council.- Inclusion of the Central Board of Excise and Customs (CBEC) Chairperson as a permanent invitee to all proceedings of the GST Council. He will have no voting rights in GST Council.- Creation of one post of Additional Secretary and four posts of Commissioner to the GST Council in the GST Council Secretariat.Background
-------------------The Constitution (One Hundred and Twenty-second Amendment) Bill, 2016, for introduction of GST in the country was accorded assent by the President after it was ratified by 18 states.After the assent to bill it became law and was notified as the Constitution (One Hundred and First Amendment) Act, 2016.The Constitution (One Hundred and First Amendment) Act, 2016 adds Article 279A in the Constitution.As per Article 279A (1) of the amended Constitution, GST Council has to be constituted by the President within 60 days of the commencement of Article 279A.Composition of GST Council
----------------------------------------------As per Article 279A of the amended Constitution, GST Council which will be a joint forum of the Centre and the States.It shall consist of the following composition- Union Finance Minister (Chairperson).- The Union Minister of State (MoS) in-charge of Revenue of finance (Member)- The Minister In-charge of taxation or finance or any other Minister nominated by each State Government (Members)Functions of GST Council
-----------------------------------------As per Article 279A (4), the Council will make recommendations to the Union and the States on important issues related to GST, like- Goods and services that may be subjected or exempted from GST.- Model GST Laws.- Principles that govern Place of Supply, threshold limits, GST rates- GST rates will including the floor rates with bands, special rates for raising additional resources during natural disasters/ calamities, special provisions for certain States, etc.
First BRICS Wellness Workshop Concluded in BengaluruThe first BRICS Wellness Workshop concluded on 11 September 2016 in Bengaluru, Karnataka.The workshop was inaugurated by Union Minister for Chemicals and Fertilizers and Parliamentary Affairs Ananth Kumar on 10 September 2016.
Along with the workshop, National Fair on comprehensive Indian Medicine system (AROGYA) was also inaugurated in the city.The four day event is organized by Union Ministry of AYUSH, in collaboration with Research and Information System for Developing Countries (RIS).The fair will conclude on 13 September 2016.Key highlights of the BRICS Wellness Workshop
-------------------------------------------------------------------• The Workshop is organized to promote partnerships with BRICS nations.• It aimed at promoting knowledge sharing and pushing forward AYUSH initiatives in BRICS countries, which will further help in globalization of AYUSH.• The Workshop was designed to have sessions related to Traditional Systems of Medicine, Trade and Economy, Wellness and Sustainable Development Goals (SDGs), Wellness indicators for BRICS, Wellness and Tourism among others.• It included a session on WHO strategy for Traditional Medicine.• On the other hand, the AROGYA fair provides a good exposure for manufacturers/importers of Traditional Medicines/Raw Materials of the BRICS Countries to have firsthand experience of Indian Traditional Medicinal products/manufacturing facilities.
IUCN World Conservation Congress 2016IUCN World Conservation Congress held in the Hawaiian capital, Honolulu is hosted by the State of Hawaiʻi with the support of the Department of State of the USA.IUCN President Zhang Xinsheng officially opened the 6th IUCN World Conservation Congress aiming at conserving the nature, studying innovative approaches of conservation and harnessing the solutions nature offers to global challenges.
About IUCN Congress :
-------------------------------------The Congress aims to improve how we manage our natural environment for human, social and economic development, but this cannot be achieved by conservationists alone.The IUCN Congress is the place to put aside differences and work together to create good environmental governance, engaging all parts of society to share both the responsibilities and the benefits of conservation.The Congress is the place where IUCN’s more than 1,300 Member organizations exercise their rights, influence the global conservation agenda and guide IUCN’s work plan for the four years to follow.The IUCN congress Forum is a hub of public debate, bringing together people from all walks of life to discuss the world’s most pressing conservation and sustainability challenges.It includes many different types of events from high level dialogues to training workshops which explore the depths of conservation and innovation.IUCN Congress 2016 :
-----------------------------------The 2016 International Union for Conservation of Nature (IUCN) World Congress will focus on the theme “Planet at the Crossroads”.Among other objectives, the World Congress will launch the Hawai’i commitments: globally transformative and innovative conservation initiatives to meet the critical challenges and opportunities of our time, including the imperative to scale up action on biodiversity and Sustainable Development Goals (SDGs)The IUCN World Congress meets every four years to bring together leaders from government, the public sector, non-governmental organizations, business, UN agencies and indigenous and grass-roots organizations to discuss and decide on solutions to environment and development challenges worldwide.The event will hold a public forum consisting of debates, workshops, dialogues, round-table discussions, training courses, music and exhibitions, as well as a Members’ Assembly that will deliberate on IUCN resolutions and recommendations regarding key conservation issues.
Six Machine' : Chris Gayle Launches His Autobiography in IndiaExplosive West Indies opener Chris Gayle launched his autobiography ‘Six Machine', which contains extensive details about his life and career.The book was unveiled Board of Control for Cricket in India (BCCI) President Anurag Thakur .
Thakur said: “The title of Chris Gayle’s autobiography, ‘Six Machine’ aptly describes him and it has indeed been sheer delight to witness the cricket phenomenon created by him.He is one of those fine cricketers whose success will not solely be measured basis the score sheet. “He has enthralled the audience with his batting skills, and will certainly continue to do so. I am happy to be associated with the launch of his autobiography, and wish ‘Six Machine’ all the success,” the BCCI chief added.Former Indian cricketer Virender Sehwag congratulated the former West Indies captain on the book launch.“Chris is one of the most fun-loving and genuine people that I’ve had the pleasure to interact with. His love for cricket shines through in his batting. I am glad that more people will now get to know the real Chris, the person behind the persona. I am confident that ‘Six Machine’ will be well received by cricketing fans around the world,” Sehwag said.The autobiography gives a comprehensive account of the colourful life of the swashbuckling batsmen, who has given many unforgettable memories to T20 cricket fans.
Hi.. I cannot locate d link to the finance and management paper of 2015.. can you please repost.. I have been trying hard without success...
Schemes launched by states
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• Punjab -- Mukh Mantri Punjab Hepatitis C Relief Fund
• Gujrat-- Smart Village program
• Odisha-- Green Passage Scheme
• Andhra Pradesh-- Chandranna Bima Yojana
• Himachal Pradesh-- Padhai bhi, Safai bhi
• Assam-- Mass Rapid Transit System (MRTS)
• TamilNadu-- free bus pass scheme for senior citizens
• Maharashtra-- Bharatratna Dr. Babasaheb Ambedkar Special Collective Incentive Scheme
• Telangana-- M-Wallet
• Haryana-- Project Salamati
• Haryana-- Adapting Homes for the Differently-abled
• Andhra Pradesh-- first river linking project lift irrigation
• Uttar Pradesh-- Deen Dayal Upadhyay Gram Jyoti Yojana
• Punjab-- swine flu (H1N1) under the Epidemic Disease Act.
• Uttar Pradesh-- set up old age homes
• New Delhi-- Clean Street Food
• Uttar Pradesh-- Swadhar Greh scheme
• Andhra Pradesh-- National Energy Efficient Agriculture Pumps Programme, & National Energy Efficient Fan Programme
• Bhopal-- UrjaDaksh LED Bulb UjalaYojana
• Gujrat-- Maa Annapurna Yojna
• Jharkhand-- Bhimrao Ambedkar Awas Yojana for widows
• Jammu-- Mufti Mohammad Sayeed Food Entitlement Scheme
• Haryana-- Deen Dayal Jan Awas Yojana
• Karnataka-- Mukhyamantri Santwana Harish Yojana
• Jammu -- Udaan Scheme
• Karnataka -- Housing scheme for Transgenders
• West Bengal-- Utkarsh Bangla Scheme for school- dropouts
• Tamilnadu-- Amma Kudineer Thittam
• Chattisgarh--Udyam Aakansha
• Jharkhand-- pension scheme for all the widows
• Himachal Pradesh-- PEHAL
• Haryana-- first ‘Gyps Vulture Reintroduction Programme
• Bihar-- Right to Public Grievance Redressal Act
• Odisha-- transgender people social welfare benefits
• Haryana-- Jai Jawan Awas Yojna
• Himachal Pradesh-- Setu Bhartam project
• Assam-- Ease of Doing Business Bill, 2016
• Delhi-- DVAT M SEWA
• Bihar-- 100 Jan Aushadhi Kendras
• Rajasthan-- RajVayu
• Internet Saathi-- by Google India and Tata Trusts in -- West Bengal
• Rajkot , Gujrat-- Swachh Map
• West Bengal-- Panchayat Pratikar
• Bihar-- Child Labour Tracking System
• Puducherry-- HelpAge SOS App
• Indian Railway-- NIVARAN portal
• Chattisgarh-- first commercial dispute resolution centre and a commercial court
• Rajasthan-- minimum wages for part-time workers
• HRD-- Prashikshak
• Assam-- File tracking
• Telangana-- Mission Kakatiya programme
• Haryana-- Satkar Bhojan canteens
• Telangana-- Haritha Haram
• Odisha-- 100 Adarsha Vidyalayas
• Kerala-- Fat Tax--14.5
• Andhra Pradesh-- Smart Pulse Survey
• Maharastra Police-- Pratisaad-Ask, Police Mitra,Vahanchoritakrar & Railway helpline app
• Meghalaya-- PradhanMantri Surakshit Matritva Abhiyan
• Bihar-- Rural development project JEEViKA-II
• Kerala-- pension scheme for transgenders
• Arunachal Pradesh-- AapnaLohit
• Madhya Pradesh-- Happiness Department
• Uttar Pradesh-- Hausla Paushan scheme
• Mizoram-- Economic Development Policy
• Maharastra -- facility of virtual and digital classrooms across 32 ITIs
• Haryana-- online filing of Performance Appraisal Report
• Puduscherry-- SwachhBalSenas Indian Railway-- Tri-NETRA
• Kerala-- insurance scheme for 2.5 mn migrant labourers
• Telangana and Andhra Pradesh--Integrated Criminal
Justice System
• Goa-- scheme for students of local language schools.
Green boxAgriculture-related subsidies that fit in WTO's green box are policies that are not restricted by the trade agreement because they are not considered trade distorting.To qualify for the green box, WTO says a subsidy must not distort trade, or at most cause minimal distortion.
These green box subsidies must be government-funded — not by charging consumers higher prices, and they must not involve price support. They tend to be programs that are not directed at particular products, and they may include direct income supports for farmers that are decoupled from current production levels and/or prices, reports the Information and Media Relations Division of the World Trade Organization.If you were to dump out the contents of this imaginary green box, you likely would find environmental and conservation programs, research funding, inspection programs, domestic food aid including food stamps, and disaster relief.**********************************************************************
Amber boxAgriculture's amber box, according to the WTO, is used for all domestic support measures considered to distort production and trade.As a result, the trade agreement calls for 30 WTO members, including the United States, to commit to reducing their trade-distorting domestic supports that fall into the amber box. WTO members without these commitments are required to maintain their amber box supports to within five to 10 percent of their value of production.What all of this means, according to Mississippi agricultural economist Darren Hudson, is that any support payments that are considered to be trade distorting and are subject to limitations and disciplines fall into the amber box.U.S. agricultural subsidies listed as changing production and/or changing the flow of trade include commodity-specific market price supports, direct payments and input subsidies.*******************************************************************
Blue boxIncluded in the blue box are any support payments that are not subject to the amber box reduction agreement because they are direct payments under a production limiting program.To be blue box policies, Hudson says, direct payments must be made on fixed areas and yields, or payments must be made on 85 percent or less of the base level of production. Livestock payments must be on a fixed number of head.The blue box, WTO says, “is an exemption from the general rule that all subsidies linked to production must be reduced or kept within defined minimal levels. It covers payments directly linked to acreage or animal numbers, but under schemes which also limit production by imposing production quotas or requiring farmers to set aside part of their land.”
Financial Regulatory Bodies In India
The financial system in India is regulated by independent regulators in the field of banking, insurance, capital market, commodities market, and pension funds. However, Government of India plays a significant role in controlling the financial system in India and influences the roles of such regulators at least to some extent.
The following are five major financial regulatory bodies in India:-(A) Statutory Bodies via parliamentary enactments:Reserve Bank of India : Reserve Bank of India is the apex monetary Institution of India. It is also called as the central bank of the country.The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
It acts as the apex monetary authority of the country. The Central Office is where the Governor sits and is where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. The preamble of the reserve bank of India is as follows:
"...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage."Securities and Exchange Board of India : SEBI Act, 1992 : Securities and Exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market. It became an autonomous body in 1992 and more powers were given through an ordinance. Since then it regulates the market through its independent powers.
Insurance Regulatory and Development Authority : The Insurance Regulatory and Development Authority (IRDA) is a national agency of the Government of India and is based in Hyderabad (Andhra Pradesh). It was formed by an Act of Indian Parliament known as IRDA Act 1999, which was amended in 2002 to incorporate some emerging requirements. Mission of IRDA as stated in the act is "to protect the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto."(B) Part of the Ministries of the Government of India :
4. Forward Market Commission India (FMC) : Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority which is overseen by the Ministry of Consumer Affairs, Food and Public Distribution, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952 This Commission allows commodity trading in 22 exchanges in India, out of which three are national level.
5. PFRDA under the Finance Ministry : Pension Fund Regulatory and Development Aulthority : PFRDA was established by Government of India on 23rd August, 2003. The Government has, through an executive order dated 10th October 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and regulation of pension sector in India.
Which of the following statements regarding SSM are true
1. Can be imposed by all the countries
2. Can be imposed on all the imports
3. Was provided under Doha round
Choose the correct option
a. Only 1 is correct
b. Only 3 is correct
c. 2 and 3 are correct
d. All are correct
Which of the following has been observed in the Indian economy since 1980s
1. India has moved from being anti-‐market to pro-‐state
2. Industrial licensing has been dismantled
3. FDI has been liberalized Choose the correct option
a. Only 1 is correct
b. Only 2 is correct
c. 2 and 3 are correct
d. All are correct The correct option is c
The money multiplier in an economy increases with which one of the following?
A. Increase in the CRR (Cash Reserve Ration)
B. Increase in the SLR (Statutory Liquidity Ratio)
C. Increase in the banking habit of the population
D. Increase in the population of the country
reviews for instamojo material??? pls reply asap...
Hello everyone.... Congratulations to all the selected candidates.... Does any one have any idea by when did interviews start in Kolkata last year. Thanks
got a mail from rbi today saying they haven't received any document from me though I sent them on 29th september. anybody got any such mail?? kindly suggest what to do..
does anyone have any number of RBI which I can contact regarding documents for interview??