Guys wanted to ask over the years has the pattern of GK section changed ,? i mean type and category of questions being asked?
How does international crude oil price impact inflation in India?
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India imports about 80% of its crude requirement, while just 20% is met from domestic production. This is also the biggest import item for the country. So any change in the international crude oil price has a substantial impact in India on the prices of petro-products like petrol, diesel, kerosene, LPG, etc. This is because oil refiners buy crude oil in international market and sell the refined products in the domestic market. Now crude oil is priced in US dollars in the international market. In those situations when the rupee-dollar exchange rate is unchanged, any change in international crude price has a substantial impact on the prices of petro-products in India. Since a substantial percentage of food and other essentials are transported via trucks and other vehicles than run on diesel, any hike in the price of diesel leads to inflation in India. This is one of the main reasons why the government prefers to have a strict control over the price of diesel in particular even if the international price of crude rises.
Phew so long!!!!!!!
anyone opting for pre examination training?? its available to obc category also this time...
Heya, please share links of websites where we can review previous RBI papers .. Thanks in advance 😃
how to read HINDU for RBI phase 1
what is important: RBI news, SEBI news, policy statement of central government on economic matters, any other major economic news, person in news, place in news, important book in news, male and female winners in major sporting event finals, place where a major sporting event is being held and its mascot, winner of major awards, head and report of committees on economic or social matters, any new social scheme launched by central govt., activities of major international bodies espec. those dealing with economic matters (like WTO, IMF etc.), new president or Prime minister of a major country
What is not important: political news, activities of political parties, news relating to law or constitution, news relating to social evils (like rape, violence, religious intolerance etc.); business news (e.g. company A buys so much stake in company B); state news unless it is a major national news; opinion of various people/thinkers; statistics (except for few very important numbers)
There is no need to go into detail of any news; just 3-4 salient points will be enough. If HINDU is read in a way as enumerated above, it should take about 20-30 min to read a day's paper
As an example, I am writing my take on Today's HINDU paper
June 24,2014 THE HINDU
Sugar industry
o It is a Liquidity- starved sugar industry.
o There is a mismatch between cane prices and sugar cost. Cane price is pre- determined and is high while sugar prices are low. Hence, millers are unable to pay the cane growers
o Further, sugar supply is surplus
o To solve this, govt has take following measures: 1. hike in import duty from 15 per cent to 40 per cent. A 40 per cent duty on sugar import would ensure that no sugar from other nations makes its way into the Indian markets, as we already have surplus sugar with us. 2. hiking of ethanol (a by- product of sugar manufacturing) blending in petrol from 5 per cent to 10 per cent 3. extension of export incentives (subsidy of Rs. 3,300 per tonne) to September 2014. As we are in a surplus situation, export incentives will help. 4. Measures for millers, including an additional interest- free loan of upto Rs. 4,400 crore, to improve funds liquidity to clear cane arrears.
o Above measures have led to a spike in sugar prices in the domestic market.
•New norms by SEBI
o 25 per cent public float for public sector undertakings, instead of the present norm of 10 per cent.
o Private companies that already follow the 25 per cent norm.
o A reservation for retail investors in the offer for sale (OFS) route and the provision for a discount for them
o OFS and the IPP (institutional Placement Programme) were created to speed up large divestments of shares.
• RBI fixes timelines
o The release of timelines for “regulatory approvals” and “citizens charter” for delivery of services is a part of implementations of non- legislative recommendations of the financial sector legislative reforms commission (FSLRC).
o According to Citizens charter, deposit accounts department of a bank should issue cheque book within 20 minutes and demand draft within in an hour. Disbursement of loans should take place in the same day of application.
o According to Regulatory approvals, an applicant for private bank licence should be given in- principle approval within 90 days. In principle approval to banks for IPO should be done within 30 days.
• “Capital in the twenty- first century” is a book written by : Thomas Piketty.
• “An undocumented wonder- The great Indian Election” is a book written by: S.Y. Quraishi.
• The great Himalayan national park (GHNP) in Kullu district of Himachal Pradesh was accorded the UNESCO World Heritage Site status in a meeting of the committee held at Doha in Qatar.
Should we make a new whatsapp group for rbi preparation? What say aspirants? I don't think gamestarter is adding anymore and we are running out of time. Punch in ur numbers and answer in affirmative.
has anyone purchased kiran prakashan's practice book? how is it? i didn't see good reviews abt it. please suggest the best publicaton for practice book?
Explain why do GDP deflators match with WPI but diverge somewhat from CPI-IW ? What is CPI-IW ? What are GDP deflators ?
Define Gross capital formation (GCF) ?
guys refer a good online mock test series...
Difference between small medium and large scale industries ?
What is black revolution ? What is envision ed in it ?
What is India's rank in cotton production and its total acreage area ?
GDP at fc = GDP at market price - indirect taxes + subsidies
GDP at market price = sum total of gross value added by all production units in one finacial year
NDP at market price= GDP at mkt price - depreciation
NDP at factor cost = NDP at mkt price - indirect taxes + subsidies
What is the cap on PSE to invest in Mutual Fund ? What is the channel use for the same ?
How much MSME contribute in India's manufacturing output and India's export ?
What is current holding of govt. in CIL & HCL ?
What is rural business hub scheme ?
how do we categorize service sector in tiny,small ,medium and large enterprises ?What are respective caps ?
India's ranking in textile production and export ? Why do govt. plan census of textile industry ? What is its benefit or drawback ?
What is credit guarantee fund ?