set A prelims 2019.pdf
6.8 MB
set A prelims 2019.pdf
UPSC Civil Services Prelims Exam...This is not directly related to our Banking Exams...
But Kindly go through the
Que No. - 3,19,63,64,65,67,73,86 and 87...
I hope if you are following me on regular basis,,you can easily answer them...👍
But Kindly go through the
Que No. - 3,19,63,64,65,67,73,86 and 87...
I hope if you are following me on regular basis,,you can easily answer them...👍
Its just that 9 questions in todays UPSC Civils Exams were asked of Banking or Economic Current affairs,,,and we have done all 9 in my classes...Nothing out of syllabus for Civil Services than how it could be possible that you will get anything out of syllabus in your banking exam, if you are following my courses...
5_6314579300762779809.pdf
9.4 MB
5_6314579300762779809.pdf
3rd June - Daily Current Affairs : The Hindu Analysis- Banking Exams 2019
General Awareness with Kapil Kathpal pinned «3rd June - Daily Current Affairs : The Hindu Analysis- Banking Exams 2019»
Editorial: Another Rate Cut on Cards and Growth Slump
(Live mint)
The argument for a rate cut is bolstered by the need to address lack of credit availability.
The June meeting of the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC)takes place amid unusual circumstances.
Now that election uncertainty has been resolved, there is an emerging consensus across markets, economists and policymakers that the economy, and particularly the financial sector, needs support in terms of both prices and liquidity. We expect that RBI will respond to this with a third straight 25bps repo rate cut.
The macroeconomic backdrop to this MPC meeting is challenging. The slowdown in activity, which began in October 2018, appears to have become broad-based, with manufacturing, financial services and discretionary consumer durables spending rapidly losing steam.
Further, subdued government expenditure during the pre-election period and limited fiscal room for post-election stimulus should weigh on RBI’s 7.2% gross domestic product (GDP) growth forecast in FY19-20, which we believe may be subject to a downward revision. From a growth perspective, the external backdrop is unsupportive, with trade tensions threatening global demand, causing the negative output gap to further open up.
Since India’s growth is likely to slip to a five-year low in Q1 2019, the MPC may also respond with an accommodative approach, and RBI will want to offer assurance to markets that it will maintain systemic liquidity so that growth is not disrupted for want of credit.
The argument for a rate cut is bolstered by the need to address weakening credit availability. Non-banking financial companies (NBFCs) remain in turmoil, representing a significant bottleneck in the supply of credit to micro, small and medium-sized enterprises that also flows through to discretionary consumer demand.
Though RBI has been pro-active in easing rules around NBFC borrowing and has been injecting liquidity into the system, further support through a cut in the policy rate would be beneficial in mitigating financial sector worries.
Inflation remains benign. We expect core inflation to broadly converge towards the headline in coming months, with one-off price pressures from housing, health and education due to the Seventh Pay Commission fading away. This, in our view, points to a modest inflation path going forward, even amid signs of perishable food prices bottoming out.
Though the usual uncertainty around monsoon rainfall will linger till July, we think high stockpile levels should help suppress food inflation. As such, we see a chance that where the last two MPC cuts were decided on 4-2 votes, this combination of weaker growth and falling core inflation may yield a unanimous decision.
RBI’s inflation forecasts are close to the lower end of current market projections, and we do not see much room for these numbers to be lowered. The MPC under governor Shaktikanta Das might make greater use of the +/-2% range around RBI’s inflation target of 4% to help propel growth.
While there has been speculation around potentially a bigger rate cut in June, we believe Das may emphasize the need to ensure transmission of the cumulative 75bps rate cuts, before accelerating the pace of monetary support.
The MPC may also prefer to wait for the government to present its budget—most likely in early July—in order to assess the government’s appetite for following through on campaign pledges of fiscal support against the need to rein in government expenditure.
(Live mint)
The argument for a rate cut is bolstered by the need to address lack of credit availability.
The June meeting of the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC)takes place amid unusual circumstances.
Now that election uncertainty has been resolved, there is an emerging consensus across markets, economists and policymakers that the economy, and particularly the financial sector, needs support in terms of both prices and liquidity. We expect that RBI will respond to this with a third straight 25bps repo rate cut.
The macroeconomic backdrop to this MPC meeting is challenging. The slowdown in activity, which began in October 2018, appears to have become broad-based, with manufacturing, financial services and discretionary consumer durables spending rapidly losing steam.
Further, subdued government expenditure during the pre-election period and limited fiscal room for post-election stimulus should weigh on RBI’s 7.2% gross domestic product (GDP) growth forecast in FY19-20, which we believe may be subject to a downward revision. From a growth perspective, the external backdrop is unsupportive, with trade tensions threatening global demand, causing the negative output gap to further open up.
Since India’s growth is likely to slip to a five-year low in Q1 2019, the MPC may also respond with an accommodative approach, and RBI will want to offer assurance to markets that it will maintain systemic liquidity so that growth is not disrupted for want of credit.
The argument for a rate cut is bolstered by the need to address weakening credit availability. Non-banking financial companies (NBFCs) remain in turmoil, representing a significant bottleneck in the supply of credit to micro, small and medium-sized enterprises that also flows through to discretionary consumer demand.
Though RBI has been pro-active in easing rules around NBFC borrowing and has been injecting liquidity into the system, further support through a cut in the policy rate would be beneficial in mitigating financial sector worries.
Inflation remains benign. We expect core inflation to broadly converge towards the headline in coming months, with one-off price pressures from housing, health and education due to the Seventh Pay Commission fading away. This, in our view, points to a modest inflation path going forward, even amid signs of perishable food prices bottoming out.
Though the usual uncertainty around monsoon rainfall will linger till July, we think high stockpile levels should help suppress food inflation. As such, we see a chance that where the last two MPC cuts were decided on 4-2 votes, this combination of weaker growth and falling core inflation may yield a unanimous decision.
RBI’s inflation forecasts are close to the lower end of current market projections, and we do not see much room for these numbers to be lowered. The MPC under governor Shaktikanta Das might make greater use of the +/-2% range around RBI’s inflation target of 4% to help propel growth.
While there has been speculation around potentially a bigger rate cut in June, we believe Das may emphasize the need to ensure transmission of the cumulative 75bps rate cuts, before accelerating the pace of monetary support.
The MPC may also prefer to wait for the government to present its budget—most likely in early July—in order to assess the government’s appetite for following through on campaign pledges of fiscal support against the need to rein in government expenditure.
General Awareness with Kapil Kathpal pinned «Editorial: 03rd June 2019»
Descriptive/GD/PI Question:
Discuss the significance of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)? What are the bottlenecks in the scheme? Do you think it can serve as a path-breaking support incentive for farmers?
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved that the ambit of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would be comprehensively extended. With this decision, all land holding eligible farmer families (subject to the prevalent exclusion criteria) would avail of the benefits under this scheme.
The answer is direct and is about discussing the salient features of the scheme, its challenges and the benefits it would get for farmers.
Structure of the answer:
Introduction:
Begin with brief write up on the scheme.
Body:
The answer must discuss the following:
Around 12 crore small and marginal farmer families are expected to benefit from this. It would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season. It would pave the way for the farmers to earn and live a respectable living.
Under this programme, vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year.
This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal installments of Rs. 2,000 each.
The complete expenditure of Rs 75000 crore for the scheme will borne by the Union Government in 2019-20.
Discuss the benefits.
Challenges in detail.
Conclude with way forward.
Conclusion:
Conclude with its importance.
Discuss the significance of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)? What are the bottlenecks in the scheme? Do you think it can serve as a path-breaking support incentive for farmers?
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved that the ambit of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would be comprehensively extended. With this decision, all land holding eligible farmer families (subject to the prevalent exclusion criteria) would avail of the benefits under this scheme.
The answer is direct and is about discussing the salient features of the scheme, its challenges and the benefits it would get for farmers.
Structure of the answer:
Introduction:
Begin with brief write up on the scheme.
Body:
The answer must discuss the following:
Around 12 crore small and marginal farmer families are expected to benefit from this. It would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season. It would pave the way for the farmers to earn and live a respectable living.
Under this programme, vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year.
This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal installments of Rs. 2,000 each.
The complete expenditure of Rs 75000 crore for the scheme will borne by the Union Government in 2019-20.
Discuss the benefits.
Challenges in detail.
Conclude with way forward.
Conclusion:
Conclude with its importance.
General Awareness with Kapil Kathpal pinned «Descriptive/GD/PI Question»
5_6319081126568656980.pdf
10.1 MB
5_6319081126568656980.pdf
4th June 2019(Part 1) - Daily Current Affairs : The Hindu Analysis- Banking Exams 2019
General Awareness with Kapil Kathpal pinned «4th June 2019(Part 1) - Daily Current Affairs : The Hindu Analysis- Banking Exams 2019»