How many people will be selected in for mains approximately ?
english me only 6
😢
Attempts 61 (20+15+26)
Marks - 56.75.. (15.75+15.75+25.25) (Normalized)
Was so tensed..At last some good news after struggling for past 2 years..
All the best to the people who cleared prelims.. big test ahead as competition will get tougher..
All the best for upcoming exams to those who missed out ........ Plenty of opportunities lie ahead.. keep on fighting.. At least I learnt that in last 2 yrs..
Bass Rukna nahi.. 👍
Who are not in:: other opportunity are waiting fr u
Who are in:: lets start prep now,bcoz u also know pre was nothng
truely sayng i prepred for QA grom PG and i want to do DI from PG,can any1 suggest smthng fr it.
I was busy somewhere..saw it right now..In with 68 attempts, secured 59.75 😃
Attempts 57. Score 58.75. In. 😁
Frens its urgent... Anyone know best book for di? Going to buy one now
Missed the cut. Preparations for next start! 😃
are ye apna mathur sahab ka kya hua..??? pre nikale kya ??? kahi dikhai nahi de rahe hai !!!!!!!!
missed by 1.50 marks in english
overall cleared.. really disappointed:(
cleared with 55.25...
attempts 59... scored 51.25 😃
Yaar, ye 40000 log jo select hue hain, sab PG se hi hain kya!? Aisa hai to fir sabse achcha success rate to PG ka hai.
score 58.25... cleared...
cleared with 55.75... attempted 62...
in with a score of 53.25... had attempted 65...
ATTEMPTS 57
MARKS SCORED:
ENG: 17.50
QA : 21.25
REASON: 14
OVERALL: 52.75
Even after mis-judgement f paper(attempted reasoning last n hence gave min time). Hv cleared by the grace of God again. Third consecutive Banking exam in a row. Saala last year 1 mark se clear nhi hua tha mera sbi po. cut off was 80 n i had scored 100 but missed by 1 mark in quant section. Iss baar quant ko hi fodaa haii aur baaki mains main fodna hai. Touchwooodddd
attempted 62... score 51.50 😃
guys plz tell me number of question types in descriptive papers...
Dear Readers,
Current affairs is an important component of several competitive exams such as the UPSC Civil Services Examination, SSC CGL, Bank PO & PSU entrance tests, etc. Therefore, understanding the terms/concepts/events that make news is critical for aspirants. We at PaGaLGuY bring you series of articles explaining some of these important concepts/events. This article explains India's monetary policy.
Monetary
policy as laid down by the RBI (our central bank) are strategies that
help to regulate money supply in the economy by controlling interest rates. The
aim is to maintain price stability, stimulate high economic growth and to
ensure stability of the rupee vis-à-vis other foreign currencies.
Objectives of the Monetary Policy
1. Ensure price stability: Price stability is a pre requisite for sustainable growth and overall financial stability. The emphasis on price stability varies periodically depending on the changing macroeconomic environment. It is important for smooth implementation of the monetary policy thereby other financial market policies including macro-prudential policies. Price stability also keeps inflation in check.
2. Control Bank Credit: Through the monetary policy the RBI regulates bank credit or the total amount of funds commercial banks can lend to organisations of individuals.
3. Raise productivity of investments: Change in interest rates affect investments. The policy aims to increase productivity of investments by discouraging non-essential fixed investments (investments on fixed/physical assets like machinery, vehicles etc.).
4. Restriction of excess inventories- The policy restricts production of excess stock that may become outdated leading to sickness of the unit. The main objective is to avoid over-stocking and idle money in the organisation.
5. Boost Exports: Increasing level of exports is a special function of the monetary policy as it helps to enhance trade.
6. Regulate distribution of credit: The monetary policy is framed in a manner that ensures flow of credit to priority sectors and small borrowers. It also emphasises the percentage of credit to be allocated to the respective sectors. However, this does not lead to inequitable credit distribution as the RBI's aim is to ensure credit availability to different sectors and people at large.
7. Encourage operational efficiency: The monetary policy brings about structural changes for efficient functioning of the financial system, like deregulate interest rates, rid the credit delivery system of unwanted restrictions, introduce new money market instruments, etc.
8. Increase flexibility: The RBI through its monetary policy aims to increase flexibility in the economy by encouraging healthy competition and diversification while ensuring control, discipline and caution in the operations of the country's financial system.
Instruments of Monetary Policy
There are direct and indirect instruments used in the implementation of India's monetary policy.
1. Cash Reserve Ratio (CRR): The share of net demand deposits (like SB account) and time deposits (fixed deposit, recurring deposit etc.) that banks must maintain as cash balance with RBI.
2. Statutory Liquidity Ratio (SLR): The share of net deposits that banks must maintain as safe and liquid assets, like government bonds, cash and gold reserves. Changes in SLR often affect the availability of resources in the banking system for lending to the private sector.
3. Refinance facilities: Refinance facilities aim at achieving sector-specific objectives through provision of liquidity (cash) at a cost linked to the policy repo rate. The RBI has, however, progressively de-emphasised sector-specific policies as they interfere with the transmission machinery.
4. Term Repos: Since October 2013, the RBI has introduced term repos (of different tenors, such as, 7/14/28 days), to add liquidity over a period longer than overnight. The aim of term repo is to help develop inter-bank money market, which can set market-based benchmarks for pricing of loans and deposits. This in turn will improve transmission of monetary policy.
5. Liquidity Adjustment Facility (LAF): It consists of overnight and term repo/reverse repo auctions. Over time, the RBI has increased the proportion of liquidity introduced in the LAF through term-repos.
6. Marginal Standing Facility (MSF): Under this, scheduled commercial banks can borrow additional amount of overnight money from the RBI by dipping into their SLR portfolio up to a limit (currently two per cent of their net demand and time liabilities deposits) at a penal rate of interest (currently 100 basis points above the repo rate). This ensures a safety valve against unexpected liquidity shocks. MSF rate and reverse repo rate determine the corridor for daily movement in short term money market interest rates.
7. Open Market Operations (OMOs): These include outright purchase and sale of government securities (for both injection and absorption of liquidity)
8. Bank Rate: It is the rate at which the RBI buys or rediscounts bills of exchange and other commercial papers. This rate has been aligned to the MSF rate and, therefore, changes automatically when the MSF rate changes and policy repo rate changes.
9. Market Stabilisation Scheme (MSS): This instrument was introduced in 2004. Surplus liquidity that is enduring in nature and arises from large capital inflows is absorbed through sale of short-term government securities and treasury bills. The cash so mobilised is held in a separate government account with the RBI. The instrument thus has features of both, SLR and CRR.
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