RBI Grade B Now or Never Dedicated Group 2017-18

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Group for preparation of RBI Grade B exam

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RBI GRADE B 2019 at www.ixambee.com

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Competetive teacher and RBI Grade B aspirant
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I am going to Come Live today at 2 PM to discuss with you Important Essay Topics. These topics are important from the NABARD Grade A and Grade B Examinations as well as RBI Grade B Examination point of view.  


Last year, I had discussed a few Essay topics and from those topics, one of the topics was asked in the examination.   

Students who prepared those Essay topics given by me got very good marks in the English Descriptive Paper.  

So, I am providing a few Essay topics for this years' examination also. And also I have discussed how to write an Essay on those topics.  

So, watch this video till the end and score very good marks in English Descriptive Paper.  

All the Best!! 

Live Session Date: 14th May 2019

Live Session Time: 2 P.M. 

Click on the LINK below to Catch me Live. 




A lot of students were asking for separate courses of:

1) Agriculture and Rural Development (ARD) and Statistics Course

2) Finance and Management (F&M), Development Economics & Statistics Course (NABARD Grade B Phase 2)

So, I have decided to provide these two courses separately. To Buy these Courses, you can click on the links provided below.

Agriculture and Rural Development (ARD) and Statistics Course: https://www.infinityexams.com/learn/NABARD-PHASE-1-TEST-SERIES?

Finance and Management (F&M), Development Economics & Statistics Course (NABARD Grade B Phase 2): https://www.infinityexams.com/learn/Paper-3--F-M--Development-Economics---Statistics---NABARD-Gr?  

I am also providing a DISCOUNT of 20% on both these Courses. You can use the Coupon Code "NABARD20" to get 20% Discount. So, Hurry up!!

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                                           Electoral Bonds

In order to bring about transparent funding of political parties during elections, electoral bonds are used. These are bearer instruments and carry no information about the owner but yield to the holder of the bond. They are issued in multiples of Rs 1000,10000etc. However, they must be used within 15 days of sale.

They were brought into the system to curb the use of black money by political parties for funding their election campaigns. The details of the person buying them are kept anonymous in order to prevent his harassment by the opposition parties. As the donor buys them from banks after furnishing his KYC norms, a check is imposed automatically for the entry of black money into the system. Moreover, the time limit of 15 days ensures that the bonds are not hoarded for a longer period of time. They also provide tax incentives to the buyer.

Despite the above advantages, some people criticize their use. According to them, the Government may nudge the public sector banks into revealing the KYC details of the people who had invested in the electoral bonds. It may lead to a vindictive attitude towards these people by the government in case they fund the opposition. 

However such a situation seems to be far-fetched. Moreover, if the electoral bonds are coupled with other measures like reducing the duration of the election and in turn reducing the period of spending by the political parties, an efficient check can be placed on illegal election funding. This will lead to drastic drop in fiscal slippage and monetary transmission and other functions are smoother for the RBI to perform.

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@Aspirant2992  ·  0 karma

Hello guys I am an RBI 2019 aspirant. I have written an article on Elctoral Bonds. Kindly go through it and tell the areas of improvement. 

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I believe you guys are seriously preparing for RBI Grade 'B' 2019. I have a good news to boost your preparation.

My friend Vinothini is one among the 166 candidates who have successfully cleared the RBI Grade 'B' 2018. She did it on her very first attempt. You can read about her preparation strategies for prelims, and mains, and interview experience in the blog post - https://karaikudikaran.com/career/how-to-get-into-rbi-as-a-grade-b-manager/

Hope, you guys find it useful. Cheers!!

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@Aspirant2992  ·  0 karma

She never revealed her marks!!

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Option is Right to buy or sell an agreed quantity of currency or commodity
without obligation to do so. The buyer will exercise the option if market
price is in favor or otherwise option may be allowed to lapse.

Call Option
Right to buy at fixed price on or before fixed date.

Put Option
Right to sell at fixed price on or before fixed date.
 Final day on which it expires is called maturity.

 If Strike price is below the spot price, the option is In the money.
 If Strike price is equal to the spot price, the option is At the money.
 If Strike price is above the spot price, the option is Out of money.

 If Strike price is more the spot price, the option is In the money.
 If Strike price is equal to the spot price, the option is At the money.
 If Strike price is less than spot price, the option is Out of the money.

American Option
Option can be exercised on any day before expiry.

European Option
Option can be exercised on maturity only.

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Which of the following is not true regarding the Common Minimum Programme (CMP) associated with PSUs?

Establishment of Department of Disinvestment
No disinvestment in profit making PSU
Revival of sick PSUs
PSUs to get commercial autonomy
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Which of the following banks has become the first public sector bank in India to meet RBI’s EMV mandate?

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Levels of Management: Top, Middle and Operational

Levels of management

Different managers manage their enterprise at different level. Management is bound together in hierarchy of relationships.

There are three levels of management in the hierarchy of an organization. These are:
1. Top Management
2. Middle Management
3. Operational ManagementLets’ discuss these levels one by one.

Levels of Management: Top Management

They consist of the senior-most executives of the organisation. Top management is a team consisting of managers from different functional levels, heading finance, marketing etc.
They integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation
They are responsible for the welfare and survival of the organisation.
They analyse the business environment and its implications for the survival of the firm.
They formulate overall organisational goals and strategies for their achievement
They are responsible for all the activities of the business and for its impact on society

Middle Management

It is the link between top and lower level managers. They are subordinate to top managers and superior to the first line managers. They are usually referred as division heads.
They are responsible for implementing and controlling plans and strategies developed by top management.
They are responsible for all the activities of first line managers.
They carry out the plans formulated by the top managers

Supervisory or Operational Management

Foremen and supervisors comprise the lower level in the hierarchy of the organisation.
Supervisors directly oversee the efforts of the workforce.
They interact with the actual work force and pass on instructions of the middle management to the workers.
The authority and responsibility of supervisors is limited according to the plans drawn by the top management.
The quality of workmanship and the quantity of output depends on the hard work, discipline and loyalty of the workers.

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Is Farm loan waiver good for the country?

Indian agriculture is often compared to the act of gambling in the monsoon. With the prevailing drought conditions and falling agricultural outputs in certain areas has fuelled the farmer suicides throughout the country. However, the loan waiver scheme provides relief for many families thereby encouraging them to invest in the next crop. But these benefits don’t offer long term economic gain for farmers. Many economic experts feel that the money waived could be used for investing in infrastructure projects which help to eliminate middlemen and help them to reap maximum benefits of their products.

History of farm loan waivers
In 1990, first ever nation wide farm loan waiver was announced and it cost around Rs 10,000 crore. In 2008, Rs 52,000 crore was released by the Indian government as part of the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) which was mainly done to remove the financial indebtedness of the farmers. But it was done before the 2009 general election. In 2014, the Andhra Pradesh government announced a farm loan waiver of Rs 40,000 crore and Rs 20,000 crore farm loan waiver was announced in Telangana region. In 2017, Uttar Pradesh announced a farm loan waiver of Rs 36,000 crore. With state government’s move, Maharashtra followed the scheme with a Rs 35,000 crore waiver

Are farm loan waivers really effective?
According to a report, the loan waiver scheme (1990) proved a costly affair for the banks and economy. It was stated after the years after the waiver witnessed a decline in the recovery rates from financial institutions, since it installed belief among farmers believed that they could default with freedom, leading to defaults of such a high scale that it took the banks several years to recover from its impact. In 2008, the CAG audit revealed lapses and errors. It included fake claims, an inclusion of ineligible beneficiaries, huge reimbursement from a lending institution without proper verification. Many occasions, the farmers entitled to receive the benefits were not included in the list of beneficiaries by the lending institutions. Many farmers tend to use the loans for non-agricultural purposes. Besides, loan application receipts or acknowledgements from farmers weren’t properly maintained. Lending institutions like banks were responsible for implementing the scheme and also monitoring of their own work – which is a clear case of conflict of interest. No nodal agencies where appointed for the monitoring the work. Debt waiver/relief certificates were not issued in many cases for eligible beneficiaries.

In 2014, when another loan waiver of a large magnitude called “Runa Mafi”, in 2014 in Andhra Pradesh and the newly formed state of Telangana. This announcement invited several warnings and criticism from the Reserve Bank of India and the several financial experts. While it cost Rs.40,000 crore in Andhra Pradesh, it is expected to cost Rs. 20,000 crore in Telangana was aimed at helping farmers, who suffered in the cyclone Phailin, that severely damaged crops, the complete details of the waiver schemes in the two states are not available. Besides, there isn’t any clarity about the eligibility conditions , extent of crop loss due to the natural calamity. However, neither loan waiver curbed the rising farmer suicides in both the states. The National Crime Records Bureau (NCRB) data shows that while 160 farmers were reported to commit suicide in 2014 in Andhra Pradesh, the number went up to 516 in 2015. Similarly, in Telangana, farmer suicides recorded an increase of 50% in 2015 compared to 2014.

Why farm loans are waived?
In India, agriculture is primarily dependent on monsoon rains. Since most of the farmers aren’t rich, they invest heavily on crops by taking loans. A good shower brings good yields and repayment of the loan. If there isn’t any rains or insufficient market demand, farmers are unable to pay the loan amount or interest. When there is a continuous monsoon failure, farmers are trapped, with no other option, the farmer are forced to commit suicides. So, farm loans waiver is a good step towards curbing the crisis. Besides, many farmers are force to flee from agriculture to find better career elsewhere, which could lead drop in agricultural yields. So in order to avoid such situations, farm loan waiver acts as a good initiative to attract and retain the farmers. Finally, most of the farmers borrow money from moneylenders who charge exorbitant interest rates and get trapped in a very problematic cycle of debt trap. Farm loan schemes and waivers will divert these farmers to borrow money from banks.

Why farm loan waivers are bad for economy?
Loan waiver schemes disturb loan and credit discipline for the any financial system. Though waivers can be an attractive tool for retaining farmer’s interest in agriculture and avoid fatal incidences, it could lead willful defaults among the farmers. If farm loan waivers are done more than twice, farmers will start to wait for the next loan waiver scheme, which is bad for the economy and agriculture. Besides, taxpayers are at a loss, because loans will be waived only with hard earned money of taxpayers. Rich farmers could take advantage of the situations and push to take loans even if there is no need, in the hope of the next loan waiver scheme. This will impact the poor farmers who are genuinely in need of loans for crops.

Loan waiver is not a permanent solution for agriculture until the fundamental problems are solved. Though it is instant temporary relief from debt preventing suicides, it largely failed on many occasions to contribute to farmers’ welfare in the long term. Besides, there is always a question that to what extent this relief measure can help bring farmers out of indebtedness and suffering always remains a question. Since waivers in India are filled with lack of accountability and lack of proper monitoring reduces the effectiveness of the loan waivers. This coupled with the fact that not all the debt is formal, reduces their effectiveness even more. Since most of the working population of India is dependent on agriculture, loan waiver cannot be avoided. But a proper system of accountability and transparency of waiver will alone ensure the effective working of waiver scheme.

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