Descriptive Prep: Brajesh Mohan

An Insightful Article on Future of Cryptocurrency and How it will be regulated.

Hey guys, in coming days you can practice Descriptive Mock Test Online and will be able to self Evaluate your preparation. There will be 5 Mock Test each ESI and FM, In Descriptive English, there will be only Essay and Precis. Support from my End - Exam like Platform will be provided so that you can practice and have understanding of real exam situation. Will there be Evaluation of Answers? - In this regard, I can't promise anything for now, as I'm already busy with paid descriptive batch. Yes but there will some mocks before Phase II Exams where evaluation will also be provided. You can register on Below Link and Verify your email so that you receive email about test. https://edugrade-learning.learnyst.com/learn First Test will be available from 12th March and you can attempt it based on your convenience (Tests will be available till Phase II Exam) Note: Test will be Unit Wise (3-4 Chapters) and syllabus for different tests as shared in above schedule PDF. Share this with your friends.

❇️ Today's Answer & Essay writing Topic - Day - 27 (ESI, FM & Descriptive) ESI - Q. "Investment in Infrastructure have multiplier effect". In this regards, discuss what are various bottlenecks to infrastructure creation in India and Significance of PM Gati Shakti? (600 Words) FM - Q. What are urban cooperative banks? Discuss the Importance, Challenges and Regulatory Mechanism for UCBs. (600 words) Essay - Discuss the Future of Banking Industry (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

What are financial markets? Discuss its Types and discuss Why are financial market important for the economy? Financial markets are platforms or systems where financial securities, such as stocks, bonds, commodities, currencies, and derivatives are traded between investors. These markets facilitate the transfer of funds between those who have surplus capital to those who need it for investment or commercial purposes. A financial market comprises primary and secondary markets, which provide different financial instruments to investors. Types of Financial Markets: 1. Stock Market: A stock market is a platform that allows the buying and selling of publicly-traded company shares. It is a place where investors purchase, sell and trade shares of ownership in a company. 2. Bond Market: Bond markets enable the trading of fixed-income securities such as government bonds, corporate bonds, or municipal bonds. It is a marketplace where investors buy and sell bonds with different maturities and coupon rates. 3. Money Markets: Short-term debt securities such as treasury bills, certificates of deposit, commercial paper, and bankers' acceptances are traded in the Money markets. It is an arena for investors in short-term financial instruments to lend or borrow funds for a shorter period. 4. Commodity Markets: In commodity markets, commodities such as agricultural produce, metals, or energy sources are traded. They are useful for businesses seeking protection from price volatility through hedging or for speculators seeking to make a profit out of price fluctuation. The importance of Financial Markets for the Economy: 1. Mobilization of Savings: Financial markets facilitate the channelization of savings to productive investments. Savers can invest their funds in assets like stocks or bonds, which can generate returns that aid long-term savings, leading to job creation and economic growth. 2. Pricing of Securities: Financial markets determine the value of securities being traded that particular time, contributing to the overall market price for the securities. 3. Efficient Allocation of Capital: With financial markets, surplus capital is allocated to those individuals or firms that are deemed productive based on the perceived risks involved, their creditworthiness, and potential benefits. 4. Risk Management: Financial Markets offers a range of financial products like derivatives, which provide protection against possible uncertainties and risks in transactions. 5. Promotion of Entrepreneurship: By channeling capital to start-ups, small and medium enterprises, financial markets encourage and promote entrepreneurship, which directly contributes to economic growth. In conclusion, financial markets are critical for the economy since they provide various instruments for efficient mobilization and utilization of capital. They help in the allocation of resources, dissemination of financial information, and promoting economic growth.

As per the National Statistical Office (NSO), the annual per capita (net national income) at current prices is estimated at Rs 1,72,000 in 2022-23, up from Rs 86,647 in 2014-15, suggesting an increase of about 99 per cent. In real terms (constant prices), the per capita income has increased by about 35 per cent from Rs 72,805 in 2014-15 to Rs 98,118 in 2022-23. According to IMF projections, India has overtaken the UK to become the world’s fifth-largest economy and is now behind only the US, China, Japan and Germany. A decade back, India was ranked 11th among the large economies while the UK was at the fifth position. Mains Enriching: Save or Note it down somewhere, It will useful in Essay and Answers.

Key demand of the PLI Scheme Question To write about the potential of the Production Linked Incentive scheme, its shortcomings and how they can be corrected to achieve its full potential. What should be Introduction for PLI Scheme Questions In the past few decades, the manufacturing sector has underperformed when compared to other nations, with a meagre share of 16-17% of the GDP. This is much less than that of China and South Korea, whose manufacturing accounts for 29% of the GDP and 27% in Thailand. Currently, this sector accounts for only 12% of the total employment of the workforce. Production Linked Incentive or PLI scheme is a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units. The recent economic survey 2022-23, said that the PLI schemes are set to unlock manufacturing capacity, boost exports, reduce import dependence and lead to job creation for both skilled and unskilled labour.

❇️ Today's Answer & Essay writing Topic - Day - 26 (ESI, FM & Descriptive) ESI - Q. Discuss the potential of PLI Scheme to make India a self-reliant country in manufacturing, also discuss challenges associated with promoting large scale manufacturing in India. (600 Words) FM - Q. What is cryptocurrency and why there is a need to regulate it? Explain with the help of example about the role played by the cryptocurrency in financial sector. (600 words) Essay - Waste-water Management in India: Importance & Challenges (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

There is an Article on PLI in Economic Survey 2022-23, and it has suggested how highly industrialized country such as South Korea, Japan and even China had to support Manufacturing in the start before it scale up. The survey also said that the PLI schemes are set to unlock manufacturing capacity, boost exports, reduce import dependence and lead to job creation for both skilled and unskilled labour. Investment of ₹47,500 crores has been seen under the PLI schemes in the FY22, which is 106% of the designated target for the year. Production/sales worth ₹3.85 lakh crore and employment generation of 3.0 lakh have been recorded due to PLI schemes. Key sectors such as large-scale electronics manufacturing, pharmaceuticals, telecom & networking products, food processing and white goods have contributed considerably to investment, production, sales and employment.

Practice Questions Based on Economic Survey #3 (Chapter - 7. Climate Change and Environment: Preparing to Face the Future)

Practice Questions Based on Economic Survey #2 (Chapter - 5. Prices and Inflation: Successful Tight-Rope Walking)

Practice Questions Based on Economic Survey #1 (Chapter - 2. India’s Medium Term Growth Outlook: with Optimism and Hope)

Major Economic Reforms

❇️ Today's Answer & Essay writing Topic - Day - 25 (ESI, FM & Descriptive) ESI - Q. What are SEZs? What role they have in development of manufacturing in India? Discuss the challenges suffered by them. (600 words) FM - Q. Investments in Infrastructure have a multiplier impact on growth and employment. Discuss. (600 words) Essay - Potential of rural tourism in India (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

While GDP is a measure of the value of final goods and services produced in a country over a year, green GDP adjusts that number for environmental harm or resource depletion caused as a result of economic activity Green GDP is calculated by subtracting net natural capital consumption from the standard GDP. This includes resource depletion, environmental degradation and protective environmental initiatives. Green GDP = GDP - (Environmental pollution cost (EPC) + Resource depletion cost (RDC)) RBI Paper Recommended, a dedicated in-house group in the Ministry of Environment, Forest and Climate Change may be formed for: - Providing time-series database required for estimation of green GDP. - Release estimates of green GDP for India periodically on a regular basis. - User-friendly data dissemination platform on the lines of the OECD and the Eurostat. Estimation of Green GDP for India https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=21333

❇️ Today's Answer & Essay writing Topic - Day - 24 (ESI, FM & Descriptive) ESI - Q. What are the major impacts of climate change on India? Discuss the mitigation and adaptation strategy employed by the country to tackle it. (600 words) FM - Q. What are derivatives? Explain the difference among hedging, speculation, and arbitrage. State the reasons for the rising growth of derivatives. (600 words) Essay - The greatest glory in living lies not in never falling, but in rising every time we fall. (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

Simply put, green finance is a loan or investment that promotes environmentally-positive activities, such as the purchase of ecologically-friendly goods and services or the construction of green infrastructure. Other Reference Article:- What is green finance and why is it important? https://www.weforum.org/agenda/2020/11/what-is-green-finance/ How green finance can bolster India's transition to net-zero https://www.weforum.org/agenda/2022/01/green-finance-bolster-india-transition-net-zero/ Green Finance in India: Progress and Challenges - RBI Paper https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/04AR_2101202185D9B6905ADD465CB7DD280B88266F77.PDF