Descriptive Prep: Brajesh Mohan

❇️ Today's Answer & Essay writing Topic - Day - 13 (ESI, FM & Descriptive) ESI - Q. Critically Analyse Union Budget 2023-24 in regards to Health, Education and Women Empowerment (600 Words). FM - Q. What do you understand by Personality of a Leader, discuss the Big 5 Model of personality (600 Words) Essay - Role of co-operative sector in Indian Economy. (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

❇️ Today's Answer & Essay writing Topic  - Day - 12 (ESI, FM & Descriptive)      ESI - Q. Discuss how BoP Deficit Creates a Vicious Cycle in Economy and also suggest measures to control BoP Deficit (600 Words).       FM - Q. Discuss about Nudge Theory of Management in Detail, also write it's merit and demerit. (400 Words)    Essay - Circular Economy and Its Importance in Sustainable Development (450 Words)       #descriptive      Join 👉👉 @descriptive_bankexam

❇️ Today's answer writing Topic - Day - 11 (ESI, FM & Descriptive) ESI - Q. Discuss the features of SAMAGRA SHIKSHA ABHIYAN. Explain how it is ensuring equitable and inclusive quality education in India. (600 Words). FM - Q. Emotional intelligence is a personal attribute that is very useful in easing conflict. Discuss. (400 Words). Essay - “Educating the mind without educating the heart is no education at all.”​ (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

Is the government on track on fiscal deficit targets? In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product (GDP) in FY24, compared with 6.4% in FY23. Ms. Sitharaman said the government planned to continue on the path of fiscal consolidation and reach a fiscal deficit below 4.5% by 2025-26. To finance the fiscal deficit in 2023-24, she said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore, and that the balance financing is expected to come from small savings and other sources. The gross market borrowings are estimated at ₹15.4 lakh crore.

PROACTIVE MEASURES BY THE GOVERNMENT BRINGS INFLATION WITHIN RBI’S TOLERANCE LIMIT https://pib.gov.in/PressReleasePage.aspx?PRID=1894925

❇️ Today's answer writing Topic - Day - 10 (ESI, FM & Descriptive) Q. What is the FRBM Act, 2003? Discuss its Objective, Features and Importance in Current Context. (600 Words). Q. What is Inflation? Defferentiate various types of Inflation and also suggest suitable measures to control Inflation (600 Words). Essay - What is BharOS software and how different is it from Google’s Android OS?​ (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

❇️ Today's answer writing Topic - Day - 9 (ESI, FM & Descriptive) Q. Discuss the Role of Increasing Capital Expenditure and Tax Rationalization in Economic Development (600 Words). Q. “Emotional Intelligence leads to Leadership effectiveness”. Do you agree? (400 Words). Essay - Discuss the Impact of Climate change on Biodiversity and Wildlife ​ (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

Challenges and Opportunities in Scaling up Green Finance - Address by Shri M. Rajeshwar Rao, Deputy Governor https://www.rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1344 Fintech & Regulation - Speech delivered by Shri T. Rabi Sankar, Deputy Governor https://www.rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1346 Both the above speech by Deputy Governor are a very important descriptive question for RBI Grade B Finance Paper. Do write on it. Read Concept Note by RBI on CBDC https://m.rbi.org.in//Scripts/PublicationReportDetails.aspx?UrlPage=&ID=1218

❇️ Today's answer writing Topic  - Day - 8 (ESI, FM & Descriptive) Q. While supporting growth is critical, signalling a return to fiscal consolidation is also important. In this light comment on the need for fiscal consolidation and suggest ways to achieve it. (600 Words). Q. Do a comparative analysis of a Leader based on any three theories of Leadership with Appropriate example. (600 Words). Essay - Discuss the Role of AI in education (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

Need for fiscal consolidation - This article is based on F22 data, you need to update those with latest. https://www.thehindubusinessline.com/blexplainer/bl-explainer-need-for-fiscal-consolidation/article64938621.ece

❇️ Essay - Rising Fintech sector in India and it's impact on Traditional Banking System in India The rise of the fintech sector in India has had a significant impact on the traditional banking system in India. Here are some of the ways in which fintech has impacted traditional banking in India: Competition: Fintech companies have disrupted the traditional banking model by offering innovative and more efficient financial services. This increased competition has forced traditional banks to improve their services and offerings. Customer behavior: Fintech companies have changed the way customers interact with financial services by providing digital-first experiences. This shift has led traditional banks to invest in digital technologies to better serve their customers. Financial Inclusion: Fintech companies have made financial services more accessible to underserved and unbanked populations through the use of digital platforms and mobile technology. This has increased financial inclusion and expanded the customer base for financial services in India. Cost Savings: Fintech companies have disrupted the traditional banking model by reducing the cost of delivering financial services. This has resulted in lower costs for customers and increased efficiency for the financial services sector as a whole. Innovation: Fintech companies have driven innovation in the financial services sector by introducing new products and services, such as mobile banking, online lending, and digital wallets. This has increased the range of financial services available to customers and created new opportunities for growth. In conclusion, the rise of the fintech sector in India has brought about significant changes to the traditional banking system. Traditional banks have had to adapt to the changes brought about by fintech companies, including increased competition, changing customer behavior, and a focus on digital technologies. #descriptive Join 👉👉 @descriptive_bankexam

❇️ What are Budget Deficit? Discuss various sources of Deficit financing in India in detail A budget deficit is a situation where a government's total expenses exceed its total revenue, requiring it to borrow funds to finance the difference. Sources of deficit financing in India include: - Borrowing from the Reserve Bank of India (RBI): The government can borrow from the central bank to finance its deficit. This is known as "ways and means advances" and is a short-term solution. - Market Borrowing: The government can borrow from the market through the issuance of government securities such as bonds and treasury bills. This is a more permanent solution to financing the deficit. - External Borrowing: The government can borrow from foreign sources such as international organizations and foreign governments. This is usually done through loans and bonds. - Public Provident Fund (PPF): The government can use the funds accumulated in the PPF to finance its deficit. - Small Savings Schemes: The government can use the funds accumulated in small savings schemes such as postal savings, national savings certificates, and Kisan Vikas Patra to finance its deficit. - Disinvestment: The government can sell its stake in public sector enterprises to raise funds and finance its deficit. In conclusion, these sources are used to finance the government's budget deficit in India. However, excessive and persistent borrowing can lead to a rise in government debt and inflation, and may impact the economy in the long run. #descriptive Join 👉👉 @descriptive_bankexam

Q. Discuss the role of Monetary Policy in Economic Growth? Monetary policy plays a crucial role in promoting economic growth in India. The Reserve Bank of India (RBI), the country's central bank, is responsible for implementing monetary policy. The primary aim of monetary policy in India is to maintain price stability while supporting economic growth. To achieve this goal, the RBI uses various tools such as interest rate adjustments, open market operations, and reserve requirements to control the money supply and manage inflation expectations. By controlling inflation, the RBI helps to maintain a stable macroeconomic environment, which encourages investment and encourages growth. Low interest rates can also stimulate borrowing and spending, leading to increased demand for goods and services, which can drive economic growth. On the other hand, high interest rates can curb borrowing and spending, reducing demand and slowing economic growth. Overall, monetary policy plays an important role in promoting economic growth in India by maintaining price stability, encouraging investment and borrowing, and managing the money supply. Note: This is not the Full answer, just a hint on what are things you need to write for Q.1 on Monetary Policy. Although for Bank PO (SBI PO, IBPS PO) Essay, these much is sufficient to grab good marks as the word limit is 200-250 words. #descriptive Join 👉👉 @descriptive_bankexam

BL Editorial: Prudence over populism https://www.thehindubusinessline.com/opinion/editorial/editorial-prudence-over-populism/article66459704.ece Budget: Going beyond the GDP https://www.thehindubusinessline.com/opinion/budget-going-beyond-the-gdp/article66460091.ece ❇️ Some Key Terms for Descriptive: Inclusive development, Green growth, Fiscal Consolidation, Fiscal Deficit, Deficit Financing, FRBM Act, 2003, Monetizing Deficit. #descriptive Join 👉👉 @descriptive_bankexam

❇️ Today's answer writing Topic  - Day - 7 (ESI, FM & Descriptive) Q. Discuss the role of Monetary Policy in Economic Growth? (600 Words) Q. What are Budget Deficit? Discuss various sources of Deficit financing in detail. (400 Words) Essay - Rising Fintech sector and it's impact on Traditional Banking System (450 Words) #descriptive Join 👉👉 @descriptive_bankexam

❇️ Some Key Data from Sustainable Development Goals Report 2022 published by UN-SDSN. - In a 2021 survey in 13 countries, 45 per cent of women reported that they or a woman they know has experienced some form of violence since COVID-19. - In 2021, nearly one in five young women were married before the age of 18. - 35 per cent and 28 per cent of young women were married in childhood, respectively in sub-Saharan Africa and Southern Asia. - At least 200 million girls and women today have been subjected to female genital mutilation, mainly in 31 countries. - As of 1 January 2022, the global share of women in lower and single houses of national parliaments reached 26.2 per cent, up from 22.4 per cent in 2015. - At this pace, it would take another 40 years for women and men to be represented equally in national parliaments. - Women’s share is slightly over one third in local governments. 👉 Use of this Data: Recently I have observed that IBPS in its different exams is asking about Women Empowerment, Gender Issue, Gender Equality etc repeatedly. So using this data by giving reference to this report will improve quality of your writing. #descriptive Join 👉👉 @descriptive_bankexam

Hey Guys, do check Bussines Standard (1st and 2nd Feb 2023) for Economic Survey and Union Budget Related Articles. There will be one descriptive from Economic Survey or Union Budget for Sure based on Previous Year Trends. Even if it's not direct then reference must have been taken from there. Due to some personal reasons, today questions were not shared, will continue from Tomorrow