- Prologue
- Lecture1: P1- Overview of Economy preparation
- Lecture1: P2- Banking Monetary Policy
- Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF
- Lecture1: P4- Limitations of Monetary policy
Prologue
- 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.
Lecture1: P1- Overview of Economy preparation
Topics covered
- 7 Pillars approach for preparing Economy portion for various competitive exams in India?
- List of books: What to read, what to skip.
- Outline of my future lectures.
Youtube Link: http://youtu.be/KUGXdvm7Wa8
Lecture1: P2- Banking Monetary Policy
Topics covered
- Evolution from Barter system to Money system
- What are Financial Intermediaries?
- What is Monetary Policy?
- How can monetary policy be used to combat inflation and deflation?
- What is Dear Money policy and vs Cheap Money policy?
- What are the quantitative and qualitative tools of Monetary Policy?
- Time and Demand liabilities of a Bank (NDTL)
- NDTL, CRR, SLR- purpose, features.
- OMO: Open Market Operation.
Youtube Link: http://youtu.be/E5JU-mw9YDg
Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF
Topics Covered
- What is Bank rate?
- What is Liquidity adjustment facility (LAF)?
- Difference between MSF (Marginal standing facility) and LAF?
- What is repo rate, reverse repo rate?
- What is policy rate? How can it be used to combat inflation and deflation?
- 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:
- What are the limitations of monetary policy in a developing country?
- How to strengthen monetary policy- recommendations of Urjit Patel Committee setup by Reserve Bank of India (RBI).
- Accountability mechanism in RBI
- Further reforms in RBI organization structure.
Youtube Link: http://youtu.be/e6mKj02YGHI.
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Hats off Sir…
thanks sir ! waiting for more lectures from your side!
thanks sir.its amazing to to know economy
Thank you sir
If it was in English it would ‘ve been great… south Indians can’t understand it
You Work is really Great Sir…………….
Aap ne hindi me lecture thiya aapka bahut sukriya,……………..
sir actually m not able to see the videos in my mac it says missing plug in… rest all videos on youtube are working
Thank U Mrunal Sir
great sirji…thanks
you’re like god for all the IAS aspirants who can’t afford those pricey and useless coaching…THANK YOU!!!
sir wont you be providing with the lecture transcripts..??
Mrunal sir, why are you doing this?
you can make lot of money by charging minimal fee also for your online material?
How you do things selflessly?
Please Answer Sir, if you have time….
by God’s grace , I make sufficient money. Besides, If I started putting price tag on everything then it’ll defeat the original purpose of this site i.e. helping aspirants from small towns and villages. Many of them don’t get money easily from parents to buy this thing and that thing every month for civil service preparation, especially the female-aspirants.
thank you sir, Really.
Very rightly said, we do not get money from family to buy 8 rs.hindu daily, or subscribe CSR.
Have to toil through basic internet plan(BSNL speed) to cover big news in depth.
Thank u sir ,
What is the meaning of “Domestic Content Requirements” Please explain.
Under Jawaharlal Nehru National Solar Mission , 2010 , there was execution of Phase I , under 2 batches,where Batch -1 made it compulsory to use indian Solar modules and later Batch -2 , to use Indian solar cell ONLY.
This is what is Domestic Content requirement is, to use domestic goods compulsorily.
This is inconsistent with WTO conditions that prohibits any special favour to domestic market against imports. So, USA is raising its voice against this, cz india is 2nd largets market for solar goods and jobs of over 10K people in USA depend on solar projects.
This is critical for india, under MAKE-in-INDIA initiative to concentrate on domestic manufacturing especially in case of solar projects, where we have planned to raise 100 GW power out of untapped solar potential by 2022(3rd phase of JNNSM which was earlier decided just to 20 GW).It is also important because, China is now leading this market with very cheap products available ,thus catering to large global needs and has recently emerged as largest exporter of them.Solar power is rising in trend all across globe with manifolds within a decade.It is likely to satisfy 30% world energy need soon.Thus countries will be requiring solar products,and India needs to grab the market ASAP. :P
Thanku so much Mrunal sir you don’t know how much you are helping people like us who can’t afford to go to Delhi. I have made you famous in Jammu university library:) and personally i feel that i don’t need coaching after following your website.
Wonderful ! Thanks ton for ur immense help . You made our path easy ….
Bhailogo……yaar mera mood swing ho ra h…..padne k mn blkul ni krra….kya krun…..plz hlp
sir
these videos should be in the HD at least in the range of 720 p so that i can easily download and study …..
Gaurav, this is the highest-possible resolution with their system. Besides even if HD was available i don’t have fast enough net to upload 4-5GB video file in youtube at once.
video quality is still too good to study them easily
sir
these videos is good enough to study i was taking only alternate …but these videos are more than enough to study thanx ….sir please upload more videos from your lecture specially from the ecology and environment section …..we are waiting for the more videos thanks again sir …
can someone tell me geography optional best faculty in allahabad
sir,when is your next lecture in ahmedabad?
I don’t tell u sir thank …. Bcs this word is so far less to appreciate and bless ur work sir .. We living in village and see dream for IAS… Before I visit ur site its seems impossible but now I will definitely achieve my lovely dream …
thanks a lot mrunal sir…am frm a small town …here thrz no othr way to collect info or materials for civil services moreover i cant afford it also so for me ur this site is a god given gift ..i add you in my prayers daily…thank u so much sir
Very helpful…
may your purpose be fulfilled sir!
I got right material at right time…
As I m now preparing for RBI grade b n other civil xams…
Thank u sir…
thank you sir
thank you so much sir……….
Thank you so much sir. I can’t go to coaching and it is more than that. Thanks a lot.
Sir first of all thanku very much !!
can u please upload other lectures too ?
Dear mrunal sir,
Thank you very much for the great work and effort. your lectures will be of enormous help for novices like me. i have been following your website for a while now and it has become a crucial part of my civil service preparation. i owe you big time. :)
keep up with you commendable and sincere work.
Thanks again!
PS: please try to upload most of the economics lectures because as of now i am totally relying on these for the economics part.
Thank you so much Sir!! very helpful lecture.
sir plzz will u post the management optional question papers of 2014 mains.