[Economy Lecture2] Monetary Policy: Qualitative Tools, Priority Sector Lending; How to prepare GS, Notes Making, Time- Management

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India Yearbook
  1. Prologue
  2. L1/P5: Banking: Qualitative Tools of Monetary Policy
  3. L0/P1: How to kick Start GS Prep for Prelims?
  4. L0/P2: History & Culture for Prelims?
  5. L0/P3: Geography, Environment & Science for Prelims?
  6. L0/P4: Notes making for UPSC & Current Affairs from Hindu?
  7. L0/P5: Time Management, Failures & Career-Backup?


  • Second lecture was done on 23th January 2015, and uploaded. Total ~2:30 hours but I’ve split it into six parts.
  • PowerPoint of the lecture, available at Mrunal.org/Download
  • 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.

Monetary Policy: Qualitative Tools of RBI

L1/P5: Banking: Qualitative Tools of Monetary Policy

This is continuation of monetary policy topic, which was started in first lecture…..

Topics covered:

  1. Recap of the Earlier lecture: quantitative tools & their utility in controlling money supply, inflation and deflation
  2. Measures of money supply: M0, M1, M2, M3, M4 & technique to memorize it
  3. What is Margin requirement or Loan to Value ratio?
  4. Qualitative tools of Monetary policy: Consumer credit control, down payment, Credit Rationing, Moral suasion, direct action
  5. Priority Sector Lending norms in India- its features, penalties- RIFD, SEDF funds.
  6. MCQs from Previous Prelim exams from this topic.

Youtube Link: http://youtu.be/HJXkluvbPF8

Powerpoint Link: files.secureserver.net/0fxNJqSZOKiE4I

L0/P1: How to kick Start GS Prep for Prelims?

This is a separate lecture for completely new players on how to begin GS preparation…..

Topics covered:

  1. 7 Pillars of general studies preparation.
  2. Analysis of CSAT-2014 Paper
  3. Why is it essential to finish Polity and Economy first, before other subjects?
  4. How to approach Polity in a systematic manner?
  5. Polity preparation beyond M.Laxmikanth
  6. Brief outline on GS-Economy preparation. (Separately covered in another video)
  7. Timeframe for finishing Polity and Economy syllabus.

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

L0/P2: History & Culture for Prelims?

Topics covered:

  1. Difference between Old NCERT & New NCERT? Which ones the approach?
  2. Myth breaking: Will you fail if you don’t have Old-NCERT?
  3. How to approach Culture and Ancient History? What books to avoid?
  4. Why do toppers skip preparation of Medieval History?
  5. Importance of theHindu newspaper for preparation of History-Culture?
  6. Why you must solve MCQs from GS Manual for History?

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

L0/P3: Geography, Environment & Science for Prelims?

Topics covered:

  1. Analysis of CSAT-2014 paper: Geography, Environment & Science.
  2. How to approach NCERTs in a systematic manner for these subjects?
  3. Geography: which areas to focus, which ones to ignore?
  4. Environment: why cost:benefit is bad? Minimum essential preparation?
  5. How UPSC examiners setup tricky questions- why person must study NCERTs irrespctive of graduation/PG?

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

L0/P4: Notes making for UPSC & Current Affairs from Hindu?

Topics covered:

  1. Which newspapers and magazines to focus, and why?
  2. Secondary sources of preparation and why first timers should ignore them till core syllabus is finished?
  3. Important of theHindu newspaper for UPSC preparation, How to get Hindu at your place?
  4. Within Hindu- What to focus, what to ignore? Mrunal’s “00P, P+M, M+I & Z_ignore” approach(TM)
  5. Notes making: paper note vs. electronic notes.
  6. When Notes making is not required.
  7. Importance of Mindmaps for Humanities Optional subjects.
  8. Various Softwares and Apps for notes making and study-aid.

Youtube Link: http://youtu.be/ADZetIrWbj0

L0/P5: Time Management, Failures & Career-Backup?

Topics Covered:

  1. Difference between study hours and quality study hours?
  2. Common reasons why candidates repeatedly fail in the exam?
  3. Why advanced planning is necessary for career backup?

Youtube Link: http://youtu.be/dNvxMQKs2T0

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 96 Comments posted

  1. snooopy

    sir any idea when sbi associate result will be out? it is taking forever..

    1. Aryan

      Its out. Check SBI’s website.

  2. Trisharan

    Mrunal sir,
    As you upload the PPT please upload the mp3 of lecture of the video cause youtube runs very slow, it unable to watch in one run . and if we have ppt and then mp 3 then it will be easy for us. if possible sir. Bunch of thanks.

  3. praveen sharma

    Hi mrunal sir,
    First of all thanks for this wonderful website and all the amazing content. I want to know will you also upload the videos of lectures that you showed in the last minutea of L1/Pl video??

    1. bharath g

      Definitely you can get those videos after next class.

  4. vipul verma

    Sir thanks for wonderful site, mujhe gs strong krne k liy economic &geography me kuchh tips dijie

  5. murali

    thanq mrunal sir

  6. rahul punia

    thank you sir
    hope this time u will upload all ur lectures
    doing whole economics on ur guidance
    thanks one again sir

  7. bharath g

    Mrunal sir, I become your ekalavya sishya, learning from far away. The way you simplifying the economy is just awesome. Thank you sir.

  8. sathya

    thankyou so much mrunal sir


    mrunal can u provide geography material for upsc

  10. wasl

    hello sir…all i can say abt ur website is top of the world……and my question is if i will prepare for IAS pre+mains.,does it help me giving most of the exams conducted by various government bodies…..plz tell me the names of all such exams.thanks

  11. Sumit Kumar

    Mrunal Sir, I am not ale to find the link of your video lectures on youtube. Please help me in finding the link

  12. charan

    sir……i started my preparation long ago….i hav almost covered many of the areas due some academic pressure i could nt do it fully-fledgedly ….i started…..though it would be silly to ask this question…..frm today i hav 200 days for prelims is this tym really sufficient ……

  13. avnish parashar

    sir……,i started preparation for po pls guide me

  14. Nisha

    Economy lectures are very good

  15. Chaitali

    sir, I’ve IYB 2014, is it essential to buy IYB 2015? which chapters are updated?

  16. sairam

    Sir, thanks for your initiative. I don’t know Hindi,I want to listen to your lecture. If possible kindly upload it in english or upload the proper notes. It is tough to follow ppt notes.

  17. seema gupta

    sir i want notes of banking in economy. some months ago i have read it from your sight. but now i am unable to find it. plz help me b coz i need this urgently

  18. Blue

    Sir, the download of ppt for lectures link is unavailable

  19. neha

    M new to this site and want to know about preparation of civil service

  20. sunil jajhani

    I am not here for civil service’s or any exams iam here to know all about india

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