How to prepare DERIVATIVES in FM for RBI 2017?

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How many questions were asked in 2016 exam?

The RBI Grade B exam in 2016 did not have much from the Topic on Derivatives.

What is the importance of this topic this year?

But as RBI is known to spring up a surprise, there is a strong case that this year’s exam can have a good number of questions from this topic.

Is this topic difficult?
Derivatives has always been a Financial/Mathematical topic.
For people who do not have the Financial/Mathematical background, it becomes a little difficult for them to understand this topic.
How will EduTap help me?
But we at EduTap have presented this topic with a lot of examples and in a very easy language so that you would enjoy reading the topic and grasp it in one go!
What are the highlights of EduTap regarding this topic?
1. Each concept has been made easy with a lot of interesting and easy examples
2. We have added a lot of graphical representations for easy comprehension and retention
3. We have adopted a step wise approach while dealing with Numerical part. We start with very easy numericals and then slowly we move on to more tough questions
4. 30-40 High Quality MCQ’s have been provided at the end of notes.
Can I get sample lessons on this topic?
We have included a preview of this topic as part of our free lessons. It is available here:
What other courses does EduTap offer?
Check out this link:
Happy learning!
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Topic on HEALTH uploaded in ESI for RBI Grade B 2017

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We have added SOCIAL SECTORS IN INDIA-HEALTH TOPIC in the SOCIAL ISSUES section of ESI.

Since it is a vast topic, we have divided the content into 2 parts i.e. Health 1 and Health 2.

We have covered this topic along the following dimensions:

  • Introduction
  • Maternal health issues
  • Government schemes for maternal health (All important schemes have been covered)
  • Child health issues
  • Government schemes for child health (All important schemes have been covered)
  • National Health Programmes (All important programmes have been covered)
  • Recent initiatives by the Health Ministry
  • Budget 2017-18 and health
  • Conclusion

Facts, figures, schemes as well as concepts have been integrated.

The following material has now been delivered to our paid subscribers:

  • All topics of management section
  • Risk management topic of finance section
  • Time value of money in the finance section
  • Bonds- basic as well as advanced in the finance section
  • Alternate sources of finance in the finance section
  • Financial inclusion- Use of IT of finance section
  • Changing landscape of the banking sector of finance section
  • Corporate governance
  • Role of e governance
  • PPP in the finance section
  • Social movements topic in social issues section
  • Gender issues in the social issues section
  • Education in the social issues section
  • Health in the social issues section
  • Budget 2017-18 in the social issues section
We expect to upload the entire material by 31st March 2017 so that you get ample time to revise.
View our courses here:
Happy learning!
Wishing you all the best.
Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241

HOW TO STUDY BONDS FOR FM?

How important is BONDS topic for RBI Grade B?

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Bonds has been an important topic when it comes to RBI Grade B exam.

Last year 8-10 marks worth of paper out of 53 marks in the Finance section of FM was from the Bonds section. So almost 15% worth of paper in Finance came from the Bonds Part

Following is the analysis of this topic from the point of view of the examination held in 2016:
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We at EduTap have covered the Bonds topic in detail so as to cover all the aspects related to Bonds.
Some of the highlights of our content on BONDS are
  • The topic has been divided into 2 parts namely BASIC and ADVANCED so that students who do not have any background knowledge on bonds can understand the topic easily
  • Special emphasis has been placd on Numericals. We have covered around 25 numericals so that you get to practice enough numericals of different type.
  • Last year numericals from Bond section were on the same lines as given in RBI sample paper. We have solved the numericals from the RBI sample paper also so that you know what kind of numericals were asked in the exam
  • All the concepts such as Bond Yield, YTM, Bond Price, Zero coupon bonds etc. have been thoroughly covered so that our notes act as one stop shop for you and you need not read any extra material.
Please note that Bonds is a very important topic. It can make or break your dreams for RBI Grade B. So start early and prepare well!
Its has been listed in the free lessons for your convenience as of now. Just click on the following link and enroll for free:
Happy learning!

Education topic added in ESI for RBI Grade B 2017

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Learn the right way!

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We have added SOCIAL SECTORS IN INDIA-EDUCATION TOPIC in the SOCIAL ISSUES section of ESI.

We have covered this topic along the following dimensions:

  • Education scenario in India in general
  • Constitutional and legal provisions related to education
  • Elementary education
  • Government schemes for elementary education
  • Secondary education
  • Government schemes for secondary education
  • Higher education
  • Government schemes for higher education
  • Adult education
  • Government schemes for adult education
  • Women education
  • Government schemes for women education
  • Conclusion

Facts, figures as well as concepts have been integrated.

The following material has now been delivered to our paid subscribers:

  • All topics of management section
  • Risk management topic of finance section
  • Time value of money in the finance section
  • Bonds- basic as well as advanced in the finance section
  • Alternate sources of finance in the finance section
  • Financial inclusion- Use of IT of finance section
  • Changing landscape of the banking sector of finance section
  • Corporate governance
  • Role of e governance
  • PPP in the finance section
  • Social movements topic in social issues section
  • Gender issues in the social issues section
  • Education in the social issues section
  • Budget 2017-18 in the social issues section
We expect to upload the entire material by 31st March 2017 so that you get ample time to revise.
View our courses here:
Happy learning!
Wishing you all the best.
Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241

How to crack RBI Grade B 2017?Strategy by RBI Grade B officer

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Aspirants have numerous questions in their minds regarding the strategy to adopt, the sources to follow, does background matter or not, salary and perks associated with the job and so on.

EduTap (www.edutap.co.in) brings you an interview with Mr Dheeraj Ghakhar who is a SRCC graduate and cleared the RBI Grade B exam in his second attempt.

Here he has shared his experience of preparing for this exam and the various do’s and dont’s that an aspirant should keep in mind.

So here it goes!

Dheeraj, first we at Edutap would like to congratulate you for making it big. After All, RBI is one of the most prestigious jobs in India. How are you feeling these days? On Cloud 9?

Thank you. It feels great to be selected for RBI Gr. B position. Well, it’s been 6 months since I joined and it feels wonderful to be part of this organisation where greats have stepped before.

Recent events make you realise the importance of the organisation and one’s own role being a part of it.

Cloud 9/ Elated/satisfied? Yes, the job is related to my background( Finance) so that makes the job more interesting and satisfying.

How is the Job Profile and Work environment at RBI? What do you like the Most about this Job?

Once we complete our 15 weeks training at Reserve Bank Staff College, Chennai, we are allotted departments in RBI.

Various departments such as banking supervision, regulation, Issue and Banking, financial markets departments, public debt office, foreign exchange department are there. The work profile is then based on the respective departments.

The thing that I have liked most is that in future many opportunities are there for development and building one’s knowledge base. The seniors are also helpful so the work environment is good.

What are the perks and benefits provided by RBI?

As the notification mentions residential accommodation, conveyance, book grant, medical facilities for self and dependents, domestic help allowance, broadband facility and newspaper allowance, among others. Good opportunities are there for study leave with pay as well.

Many aspirants want to know the background of candidates selected in RBI. Are they only from certain background like IIT’s and IIM’s or is there a mix from different fields?

In my batch, majority of the people selected are engineers. A good number had prior experience in banking, some had experience in IT, other core areas also. A sizeable number had given Civil Services Exams also. There were few candidates from IIT’s and IIM’s also. (5-6 from IIM’s in a batch of 66). Then we had 2 Economics graduates, One CA, 2 Commerce graduates. So the ratio was skewed towards engineers.

That said, the nature of the exam is such that any graduate with focused study can crack it.

We will move on to exam strategy here?

Phase 1 though just qualifying but still important as one might be out of the race just because of not qualifying phase 1. On the other hand Phase 2 is very important because your selection is based upon it. How much time did you divide between Phase 1 and Phase 2 and did you study both in parallel or one by one?

Since I was preparing for UPSC and SBI, I had a fair idea of Phase 1. Since it is the first step, it is really important. So I made sure that I solved 5-6 papers before the Prelims. So practice the Quant and Reasoning Section (especially DI exercises) to have a fair idea of the pattern. For GA section, keep abreast of new developments in Finance and Banking. One can choose from the various test papers available online.

Regarding preparation, more time needs to be given to the Mains section because it has topics different to those of Phase1.

How did you prepare for the Phase 2 Exam? RBI has long list of books to be used for reference in its notification. Did you go all through those books? If no then how did you manage to cover the syllabus?

Since I am a Commerce Graduate, I had other books to refer to as well. So I didn’t choose from the RBI booklist.

These are the few I would suggest:

  • Investment Management by RP Rustagi (University Of Delhi prescribes this. Might be available only in Delhi)
  • Bank Financial Management for CAIIB
  • Basic notes related to Indian Political System/ Constitution specially emphasising the provisions related to reservation for the underprivileged, women and children.
  • Com Hons 1st year Business organisation and Mangement by CB Gupta/CAIIB HR Book/ 12th Class NCERT Business Studies/ IGNOU material on Mangement
  • Economic Survey and Budget for the year
  • Two Good newspapers especially for Interview preferably Indian Express and Mint.
  • Also for interview, Go through RBI’s website. It has quite a lot of information on RBI Functions and is really helpful for candidates.

In finance section lot of aspirants had a tough time handling Numerical. Do you think its necessary that one prepares for the Numerical well or can one clear the exam without attempting Numerical part?

Since the cut-offs turn out to be high, it becomes necessary to prepare for numericals. The numericals are of basic nature for anyone who has read the relevant parts such as bond and share valuation (YTM and concepts related to coupon, yield etc), accounting ratios, Time value of Money.

ESI has a lot of questions from current affairs? So how should one prepare because even after reading plethora of books one may find himself/herself blank in the exam?

For factual questions on ESI

  1. Look for a monthly capsule from Bankers Adda or such other exam preparation sites
  2. Those in habit of reading newspapers can also compile notes of such important figures such as NPA ratio, restructured assets, etc. Reading relevant chapters of Economic Survey may also provide above data.

We have seen lot of aspirants just reading the content and not practicing enough MCQ’s. Do you think practicing Quality MCQ’s makes a difference in the exam?

Yes but that comes only after you have had a fair idea of the syllabus and have prepared the content thoroughly.

MCQs help because you can get an idea of various types of questions and how to approach them in exam situation.

According to you what is that one thing you did differently that makes you stand out?

There is nothing special that I did. After failing to clear Interview in the first attempt, I didn’t lose heart and tried again.

For Interview my friends helped me out right from the first attempt, they helped me identify mistakes which I think I was able to iron out in the second attempt. So please have a discussion based interview preparation if you can find like-minded friends. Be ready to help each other because we only gain from sharing.

What would be your advice to all of the RBI aspirants who want to follow your footsteps?

I remember a line stated by Matthew Hayden (Australian Cricketer) during an Interview. He was dropped from the team. Explaining that time he gave the mantra ”Don’t Get Bitter, Get Better”. So even if you have not cleared in the first attempt or feel that others are better than you, apply that line. That Matthew Hayden came back and became one of the best openers in Modern Test Cricket is a testament to his character.

Just try to pace your preparation, read newspaper regularly, follow a schedule and the rewards will follow.

All the Best!!!

For RBI Grade B 2017 courses, visit www.edutap.co.in

Download our android app here:

https://play.google.com/store/apps/details?id=com.learnyst.edutap&hl=en

Write back to us at learnofy@gmail.com or call us at 8146207241

Happy learning!

Budget 2017-18 quiz 2 for RBI Grade B 2017

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Dear aspirants,

Budget is of immense significance for General Awareness section of Phase 1 as well as ESI and FM of Phase 2.

After the free quiz on Union Budget 2017-18, EduTap brings to you another awesome quiz based on the latest Union Budget 2017-18.

The quiz has been uploaded for our paid subscribers in the ESI course by the name of Budget quiz 2.

To take the first Free quiz click http://www.edutap.co.in/learn/Union-Budget-2017-18-Quiz

Happy learning!

Gender issues topic added for RBI Grade B 2017

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We have added GENDER ISSUES TOPIC in the SOCIAL ISSUES section of ESI.

Concept notes as well as MCQs are now available on EduTap (www.edutap.co.in)

We have covered this topic along the following dimensions:

  • Female foeticide/infanticide
  • Child marriage
  • Dowry
  • Domestic violence
  • Issues related to women in the workforce
  • Gender budgeting
  • Government schemes, policies and programmes for each of the above

Facts, figures as well as concepts have been integrated.

The following material has now been delivered to our paid subscribers:

  • All topics of management section
  • Risk management topic of finance section
  • Time value of money in the finance section
  • Bonds- basic as well as advanced in the finance section
  • Alternate sources of finance in the finance section
  • Financial inclusion- Use of IT of finance section
  • Changing landscape of the banking sector of finance section
  • Corporate governance
  • Role of e governance
  • PPP in the finance section
  • Social movements topic in social issues section
  • Gender issues in the social issues section
We expect to upload the entire material by 31st March 2017 so that you get ample time to revise.
View our courses here:
Happy learning!
Wishing you all the best.
Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241

 

Top scorers in the FM test!

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Congratulations0

Thank you for the overwhelming response to our full length open mock test on Finance and Management at EduTap (www.edutap.co.in)

The purpose of the test was threefold:

  1. To point you in the right direction as to how to prepare FM?
  2. To help you gauge your level of preparation
  3. To give you a feel of the real examination so as to acclimatize you

Since many aspirants could not take the test at the stipulated time, we decided to run the test for the entire day so that each and every one could benefit.

We are now taking down the test as a separate course and putting it as part of the FREE LESSONS FOR RBI PHASE 2 course.

We would also like to congratulate the aspirants who scored well in this mock test. Their names are as follows:

  1. Abhilash- 93.75 marks- whoa!
  2. Bhawan Saini – 62 marks (He is the recipient of our 100% scholarship)
  3. Kartikeya- 58.5 marks
  4. Utkarsh- 56.5 marks (also a recipient of our 100% scholarship)
  5. Niyati- 54.75 marks
  6. Mahadik- 49.5 marks
  7. Sumit- 44.75 marks
  8. Shivin Aggarwal- 43 marks
  9. Shubham- 42.25 marks
  10. Dharmaraj- 42.25

Well done !

Do give your feedback at learnofy@gmail.com

We on our part are constantly striving to provide you the best of content and MCQs to help you realise your dreams!

Happy learning!

EduTap

All about Electoral Bonds!

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Let’s understand electoral bonds

The government, through the budget 2017-18 speech has introduced the idea of the electoral bonds for the sole purpose of funding of the political parties. There is a lot of confusion about the concept. Here, we try to clear the topic with regards to any question being asked on electoral bonds, in any of the upcoming examinations.

What are bonds?

A bond is a debt security. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When you buy a bond, you are lending to the issuer, which may be a government, municipality, or corporation.

What are electoral bonds?

An instrument that will be used to donate money to political parties. The parties involved will be a donor, the political party and the RBI, which acts as the intermediary.

How these electoral bonds will be purchased and how will they be used to fund a political party?

Electoral bonds will be issued by a notified bank for specified denominations. If you are keen to donate to a political party, you can buy these bonds by making payments digitally or through cheque. You are then free to gift the bond to a registered political party. The bonds will likely be bearer bonds and the identity of the donor will not be known to the receiver.

The party can convert these bonds back into money via their bank accounts. The bank account used must be the one notified to the Election Commission and the bonds may have to be redeemed within a prescribed time period.

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 The donor will buy electoral bond digitally from RBI.

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 The donor will then donate this electoral bond to his desired political party.

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The political party can then redeem that electoral bond to its account (which would have already been notified to Election Commission), by submitting it to RBI.

 But this does not sound like a bond? What’s the principal and where’s the interest?

The electoral bond is more like a bail-bond than a Government or corporate bond. Electoral bonds are essentially like bearer cheques. The issuing bank will remain the custodian of the donor’s funds until the political party redeems the bond. So, only the RBI will most likely be allowed to issue these bonds, to be sold through notified banks.

What is the ultimate use of introducing these bonds?

Today, most political parties use the lax regime on donations to accept cash donations from anonymous sources. Nearly 70 per cent of the ₹11,300 crore in party funding over an 11-year period came from unknown sources, according to the Association for Democratic Reforms (ADR).

Currently, political parties are required to report any donation of over ₹20,000 to the IT department. But there has been a trend of more donations flowing by way of hard cash in smaller amounts. To fix this, the Budget has reduced the disclosure limit to ₹2,000 and insists that any amount over this must be paid through cheque or the digital mode. The idea is that electoral bonds will prompt donors to take the banking route to donate, with their identity captured by the issuing authority.

Chapter 3 MCQs on Economic Survey!

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Economic Survey is perhaps the most important document for GA section of Phase 1 as well as ESI exam of Phase 2. RBI has asked many questions in the previous year exams from this document.

EduTap brings you CHAPTER WISE MCQs of the latest Economic Survey 2016-17 of India.

Chapter 3 has now been covered.

We plan to cover the entire survey chapter wise by end of this month!

Take the awesome quiz here at http://www.edutap.co.in/learn/Economic-Survey-2016-17-Chapter-Wise-MCQs

Our other courses for Phase 2 are available here: http://www.edutap.co.in/learn

Write back to us at learnofy@gmail.com or crackrbi@gmail.com. You can also call us at 8146207241.

Happy learning!