[Economy Lecture1] Banking: Monetary Policy- Quantitative Tools: SLR, CRR, OMO, LAF, MSF, Repo rate & limitations

Youtube193 Comments

India Yearbook
  1. Prologue
  2. Lecture1: P1- Overview of Economy preparation
  3. Lecture1: P2- Banking Monetary Policy
  4. Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF
  5. Lecture1: P4- Limitations of Monetary policy


  • My economy lectures for UPSC-2015 batch have started at SPIPA, Ahmedabad (run by Government of Gujarat.)
  • I’ve requested them to record all of my lectures for this batch, so it can benefit aspirants at other places, through youtube.
  • Although unlike Salman khan neither they nor I can make any “commitments” because of the technical glitches in a typical sarkari IT-setup.
  • Anyways, First lecture was done on 16th January 2015, and uploaded. Total ~2:00 hours but I’ve split it into four parts. Click me to watch them
  • PowerPoint of the lecture, available at files.secureserver.net/0fxNJqSZOKiE4I
  • Medium of instruction- Hindi.
  • English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles and English PPTs on the site.

Mrunal Lecture Video SPIPA

Lecture1: P1- Overview of Economy preparation

Topics covered

  1. 7 Pillars approach for preparing Economy portion for various competitive exams in India?
  2. List of books: What to read, what to skip.
  3. Outline of my future lectures.

Youtube Link: http://youtu.be/KUGXdvm7Wa8

Lecture1: P2- Banking Monetary Policy

Topics covered

  1. Evolution from Barter system to Money system
  2. What are Financial Intermediaries?
  3. What is Monetary Policy?
  4. How can monetary policy be used to combat inflation and deflation?
  5. What is Dear Money policy and vs Cheap Money policy?
  6. What are the quantitative and qualitative tools of Monetary Policy?
  7. Time and Demand liabilities of a Bank (NDTL)
  8. NDTL, CRR, SLR- purpose, features.
  9. OMO: Open Market Operation.

Youtube Link: http://youtu.be/E5JU-mw9YDg

Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF

Topics Covered

  1. What is Bank rate?
  2. What is Liquidity adjustment facility (LAF)?
  3. Difference between MSF (Marginal standing facility) and LAF?
  4. What is repo rate, reverse repo rate?
  5. What is policy rate? How can it be used to combat inflation and deflation?
  6. Bi-monthly Monetary Policy review-including the latest reduction in repo rate on 15th January 2015.

Youtube Link: http://youtu.be/hhbDboWq4JY

Lecture1: P4- Limitations of Monetary policy

Topics Covered:

  1. What are the limitations of monetary policy in a developing country?
  2. How to strengthen monetary policy- recommendations of Urjit Patel Committee setup by Reserve Bank of India (RBI).
  3. Accountability mechanism in RBI
  4. Further reforms in RBI organization structure.

Youtube Link: http://youtu.be/e6mKj02YGHI.

Mrunal recommends

  1. (free) NCERT, NIOS, TN-Books
  2. Environment by ShankarIAS
  3. Indian Polity M.Laxmikanth (Hindi | English)
  4. Art & Culture by Nitin Singhania (Hindi | English)
  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 193 Comments posted

  1. Kishor dixit

    I want to download ppt which u use in video
    So that I can listen to video and make note of them
    Plz send me .
    Thank u sir
    U r doing a great work

  2. Priya

    hey Mrunal! would you upload the economics lecture for 2016 Civil services Prelims? I am eagerly waiting for them …

  3. divya

    i am not able to download material of economic . plz guide me.. i try to download but it shows file is corrupt..

  4. Akshay parihar

    Respected sir
    how to download ppt of economics?
    I tried many times but it showed error

  5. riyadutta

    respected sir pls upload wbcs subject wise topic wise study material.sir u r doing a great work.i have confusion on wbcs syllabus and i cant understant what to study.so pls sir help me.as upsc and wbcs er ques pattern r different.wbcs ask mcq ques and upsc ask descriptive type ques so i m confuse how to prepare for wbcs.

  6. Shilpa Wankhede

    please let me know how to download the pdf of banking under economy section

  7. Manoj

    Sir , muje apke video bahut pasand aaye …..

    Sir. Economy ka material PDF me mil skta h….plzz

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