[Lecture] Financial Intermediaries, Balance of Payment, International Trade

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India Yearbook
  1. Prologue
  2. Ch5: Financial Intermediaries Part 1: Banking sector
  3. Ch5: Financial Intermediaries Part 2: SEBI, IRDA, PFRDA
  4. Ch. 6 & 7: Balance of Payment & International Trade
  5. FAQ: Download Powerpoint slides?


  • My lectures on YouTube, for the current Budget and Economic Survey.
  • so far covered, Budget minus schemes, Economic Survey chapter 1 to 3 and 5 to 7. Topics from chapter 4 will be covered with other relevant chapters.
  • YouTube Playlist: Click ME
  • PowerPoint Slides: https://files.secureserver.net/0fzRqIv71qNX5Q
  • Even those who cannot watch youtube due to internet / language problem, atleast download the powerpoint slides from above link and study it for prelims.
  • Language: Slides English, Speech Hindi. @South Indian friends, of course I will release English articles soon.

Ch5: Financial Intermediaries Part 1: Banking sector

L2P1 Banking sector

Link: http://youtu.be/jxK_QHrh5PU

Full list of Topics covered in this video:

  1. Financial intermediaries: Meaning, Classification
  2. Difference: Cooperative banks vs. commercial banks
  3. List of Topics to focus for MCQs
  4. Overview of Banking related Committees of 2013-14: Urjit Patel, Nachiket Mor, Bimal Jalan and PJ Nayak
  5. Rupay card: mechanism, Benefits
  6. Financial inclusion Mission 2014: salient features, phases
  7. Kisan Vikas Patra & other small saving schemes, budget related provisions
  8. NPA: meaning, classification, reasons, reforms
  9. Credit default swap
  10. Corporate bond market reforms
  11. BASEL Norms, risk weighted assets- just an overview

Ch5: Financial Intermediaries Part 2: SEBI, IRDA, PFRDA


Link http://youtu.be/pmui8Oemkzo

Full list of Topics covered in this video:

  1. Insurance sector
  2. Difference: Insurance penetration vs Insurance Density
  3. Micro insurance budget provisions and IRDA guidelines
  4. What is ADR, GDR?
  5. Bharat Depository Receipts, Indian Depository Receipts
  6. PFRDA Act, New Pension Scheme, Budget announcements
  7. FSLRC: Financial Sector Legislative Reform Commission
  8. Indian Financial Code
  9. Financial stability and development council (FSDC)
  10. Financial stability board (FSB)
  11. Companies Act 2013, salient features, statutory bodies, SFIO
  12. SEBI public listing norms
  13. Indian Accounting standards (Indi AS)

Ch. 6 & 7: Balance of Payment & International Trade

L2P3 BoP Balance of Payment

Link: http://youtu.be/49hlPBYD9L0

Full list of topics covered in this video

  1. Balance of Payment: Meaning, classification, Components
  2. Balance of Trade: Why deficit
  3. Ascending descending orders of Export, Imports, India’s trading partners
  4. Current Account deficit, Reforms taken to reduce it, Future Targets for 2014
  5. FDI permission in various sectors, FIPB structure function
  6. FDI-FII classification: Arvind Mayaram Panel, SEBI-RBI regulations
  7. India’s external Debt
  8. NEER-REER how they’re calculation, how can we use REER to find overvalued/undervalued currency?

FAQ: Download Powerpoint slides?

Q1. Where can I download PowerPoint slides of your lecture?

Ans. PowerPoint Slides: https://files.secureserver.net/0fzRqIv71qNX5Q

Q2. What about the videos of remaining chapters?

Ans. Next three lectures, next week and given the fact that It takes ~6 hours for me to upload one lecture (3 parts) videos, So with God willing, by 3-4 August, I should be able to upload all the lectures.

Q3. Will you publish “text” articles or not?


  1. Yes certainly. But it takes time to gather background data, policies etc. These videos are meant to serve as stop gap arrangement until that work is finished. In these videos, I’ve tried to prioritize all the MCQ worthy fact/feature/data first for prelims.
  2. Those who cannot watch videos due to internet data limit, ATLEAST download the Powerpoint slides click me.
  3. In the “text-article” I aim to combine both MCQ + descriptive points, so it’ll take time. If Survey had come in February 2014, I could’ve processed the data more peacefully before prelims.

Q4. What about Chapter 4: prices and monetary  Management?

Ans. Will cover it with respective topics for example, Urjit done in Ch5, food inflation in agriculture chapter, RESIDEX in chapter13 and so on.

Mrunal recommends

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  5. Spectrum: Modern History (Hindi | English)
  6. Bipin Chandra: Post Independence
  7. Fast-track to Arithmetic Rajesh Verma
  8. MK Pandey’s Analytical Reasoning
  9. Disha’s Topicwise Paperset (Hindi | English)
  10. School Atlas
  11. Mains: Language papers
  1. (free) NCERT, NIOS, TN-Books 4 History,Geo,Sci
  2. Indian Polity M.Laxmikanth (Hindi | English)
  3. Spectrum: Modern History (Hindi | English)
  4. Maths: Quantam CAT Sarvesh Kumar
  5. Objective General English SP Bakshi
  6. Word Power made Easy -Norman Lowe
  7. Topic wise Solved Paperset by Disha

So far 134 Comments posted

  1. Dev

    seriously Respect for you sir, the way you wrote the articles on websites, presentation brilliant

  2. Tilak

    Mrunal Sir.
    Desperately waiting for your articles on economic survey.
    Thank you

  3. udhaya

    Thank u sir, I am also expect your article on economic survey.

  4. pranav

    Consolidated fund of India – no money can be withdrawn from it without sanction of the Parliament. Does it imply that Rajya Sabha’s sanction is necessary for such withdrawls? If yes , then is it carried out by money bill or finance bill or either of thses two bills?

  5. pranav

    Can RS initiate the proces of withrawl of money from Consolidated fund??

  6. Sonu

    How could UPSC deny the copy of evaluated answer sheet ? logic of UPSC :Section 8(1)(d) of the RTI Act, 2005 is invoked to deny your evaluated answer sheets of Civil Services (Main) Examination, 2013, Public Authority being the affected third party.

    Section 8(1)(d) of the RTI Act, 2005: information including commercial confidence, trade secrets or intellectual property, the disclosure of which would harm the competitive position of a third party, unless the competent authority is satisfied that larger public interest warrants the disclosure of such information; tc


  7. Ratikanta

    Dear Sir,

    Are you publishing the English Articles before 10-15 days of prelims? Kindly reply.

    Thanks and Regards,

  8. prakash kumar

    I had also the same question ..whether your power point economic survey & budget is enough or you will upload/publish that article here …or we have to get it mugged from different source

  9. jitendra jat

    Dr. I wld like to request plz incress slite content size so easy to seen and better udrstand……thanks

  10. MohitS

    Hi Mrunal,
    One question, Do All India Financial Institutions (AIFI) such as NABARD, SIDBI, NHB, EXIM provide indirect loans to benefeciaries?? i.e first they create fund and give loans to intended benefeciary through other financial entities (i.e indirectly).

  11. p k jha

    Dear sir

    Your presentation is excellent..thanks for imparting your knowledge to the needy ones…thsnks again

  12. Prerna

    what is the difference between european commission ans european council??

  13. arjun

    sir when will you upload the written article series of economic survey..
    & thanks a lot for the wonderful lectures..

  14. arvind kumar

    sir when you are going to upload the next lecture of economic survey on youtube . they are really helping a lot in this time crisis situation . pls upload it soon

  15. jasveer sarkar

    ANY ONE guide me how to download economic survey video lectures…..plz

    1. VINAY

      click link,it will redirect to utube.
      then copy link from browser and paste it in savefrom net (it is another webpage)
      then download it

  16. sushma

    Hello mrunal sir………by whn are u uploading eco survey english version……high tym……

    PLZ do the favour to all of us…….

    Thank u for ur gr8 help….

  17. Prasad Maloth

    Mrunal ji make youtube classes in english plz.

  18. Pankaj

    @mrunal bhai:- in the economic survey there are two doubts…
    1. Agriculture growth rate in 11th year plan is given as 4.1 % but it was approx. 3.4 %. (Ch 8, article 8.3 on page no. 137).
    2. Total biodiversity Hotspots in the world are given as 12 while it should be 34. (Ch 12, article 12.8, page 217).
    whether A subject falls under resudiary list or not… is decided by the Supreme court. Please tell me.. am I right ?

  19. Optimus

    I don’t understand Hindi but I understand your lectures in Hindi 😀 alright I was just kidding there :-P. But man, your lucid explanations and the way you help us relate to real life situations with your illustrations are just brilliant, especially wrt to Economics. Not to mention the ‘evil-ish’ and hilariously sarcastic humours. No doubt, who would’ve thought learning Eco would be fun!
    Like all others, eagerly waiting for the articles in English, I repeat ‘eagerly’!.. This is what you’ve done to us with your brilliance-ness :-D. All hail Mr.Mrunal!!

  20. Prashant

    Sir, Grt Effort
    Can you please upload your other lectures, if time permits. It will be grt help. Your lectures give a new insights. Its a boon for candidates who can not afford to take costly coachings in Delhi.

    Thnx Sir.

  21. Trapti

    Thank you so much 🙂

    and a request if u can upload remaining chapter before 3 aug for rbi aspirant.

  22. madhuri

    Thank you very much sir.

  23. ashish kumar

    Sir, Please upload the remaining chapters…bcz 3rd of August i have RBI grade B.If you upload the lectures before 3rd than it will be a great help for all the RBI Grade B aspirants…Please…..

  24. reddy

    plz do this work in english for south indians sir

  25. Ritu

    Dear Sir,
    Please upload the remaining parts of the budget survey.

    Thank You in advance

  26. RAJIV

    SIr please post English articles soon sir….Please……..D-DAY is near by…Pls do it soon sir.

  27. Anuj

    Hi Mrunal,
    I have a doubt, In our earlier videos , it was mentioned that Fiscal deficit is 4.1% and primary Fiscal deficit is (i.e. Fiscal deficit -interest payment) is 0.8%…. and it was mentioned that majorly the fiscal deficit is because of interest payment….
    Than how can subsidies can be around 50% of the fiscal deficit, that’s the part of Fiscal deficit only.Could you please clarify.

  28. Abhishek

    Hi Mrunal,
    Please upload rest of the videos related to economic survey before 3’rd Augugt due to RBI Grade B exam.


  29. jayashree

    Sir please kindly upload budget explanations as soon as possible…


    Mrunal Sir,
    When will u upload rest of Eco. Survey-2014????I m disparately waiting 4 ur rest of lecture class………

  31. shivendra singh

    mrunal ji please upload the remaining sections of eco survey

  32. sidhi

    Thanks a lot Sir.

  33. Arpit

    i have been a hardcore follower of Mrunal for close to 3 years now but when ever i think i’ve come close to understanding what goes on in the mind of Mrunal, am proved so wrong..
    i appreciate your work immensely, brother..
    but i’ve noticed this one trait of yours i.e you start a project and like the Career launcher institute of Delhi(which specialises in starting a new batch of 70-80 students everyweek without ding justice to the already adopted batches and thus messes up with the syllabus of the old batches) and then somewhere after a flood of some articles of that series, the articles cease to come….to mention a few
    1. History series
    2. Geo series
    3. current , pib stuff series( that was so good but the last article dates back to second week of may)
    4. Hindu SnT series
    5. special articles on important issues..

    then we are confused about this Eco survey 2013-14 too..like…videos and now this series……kindly explain…what to and how to study? do we need to study eco survey 2012-13 too…
    i must mention that referring to your site is an obsession now…..like a part of us now…
    so not seeing new posts from you is so painful…
    though i understand you workload….but kya karen…..like in murder2 emran hasmi says to jacqline…”tum mere aadat ho”…
    gud luck ahead, brother…

  34. Aanya

    The measure that captures this is the real exchange rate – the ratio of foreign to domestic prices, measured in the same currency. It is defined as Real exchange rate = ePf/P. (6.1)
    where P and Pf are the price levels here and abroad, respectively, and e is the rupee price of foreign exchange (the nominal exchange rate).


    Last video shows it opposite

  35. anish

    In the ppt you have mentioned under FPI that a they cant invest more than 10% in a company. But in Mayaram report it is said that more than 10% in a company by FPI will be considered FDI…Arent the 2 statement are in conflict with each other?

  36. sajal kumar


  37. sajal kumar


  38. Nishat

    Smbdy plz clear my confusion
    Acc to these slides RRB is a commercial bank, but when it comes to Agro credit
    Commercial bank lends more than RRB.
    1) Is RRB a commercial bank?
    2) what is the diff between SCBs and commercial bank?
    Plz reply fast

  39. jay deshmukh

    thank you very much sir

  40. shilpa

    sir iam not being able to open the link given for ppt file download. it says unable to resolve server s dns address. please help


    Have u not covered chapter number 4 of the economic survey ? Do respond

  42. Prateek singh

    please uoload remaining videos..
    exam is approaching fast and these videos are immensely useful
    do notice my request sir.


    Sir,what about your next video lecture,you have written it would probably come on 3-4 august,but September is coming to end please upload it sir as soon as possible,i shall be thankful to you

  44. Raji

    Sir pls include subtitle in english..It will be very much useful for south Indians….We missed lot sir…..

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