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Mutual funds topic for RBI Grade B 2017

Mutual funds

Dear Aspirants,

RBI does not explicitly mention the Mutual Funds in its syllabus but topic of Financial Markets is not complete without Mutual Funds.
Mutual Funds are the order of the day and every small or big investor is looking to invest in mutual funds. Thought this topic is not mentioned in the syllabus but last year there was a question on the regulation of Mutual Funds. And that is fully understandable given the RBI’s intention to put questions from side topics or out of syllabus topics
No Need to say this topic is important for the exam but do not leave this topic even if you are an investor in Mutual Funds assuming you already know about them. The questions in exam are of technical nature and one needs proper understanding to crack them.
We have covered following details on this topic in our Course at EduTap (www.edutap.co.in)
1. What are Mutual Funds?
2. What are Features of Mutual Fund?
3. Structure of Mutual Funds
4. Calculations Related to Mutual Funds
5. Types of Mutual Funds by Basic Nature – Equity, Debt, Hybrid Funds and Other Funds
6. Type of Mutual Funds By Structure – Open Ended, Close Ended and Interval Funds
7. Types of Mutual Fund by Investment Objective – Growth or Dividend Oriented Funds
8. What are Benfits of Mutual Fund
9. What is NFO?
10. What is Offer Document and KIM?
11. How are Mutual Funds Regulated?
12. Who are Registrars and Custodians?
13. What is an AMC?
14. What are ETF’s?
15. How are Expenses of Fund Calculated?
16. What is NAV of Mutual Fund?
17. What is Redemption Procedure of Mutual Funds?
18. What are SWP and SIPs?
19. Basic Numerical on Mutual Funds
20. Good Quality and Relevant Multiple Choice questions to apply and validate your Concepts
Please visit free lessons to see the preview on the topic.
Happy learning!
We wish you all the best.
Team EduTap
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EMPLOYMENT TOPIC ADDED IN ESI FOR RBI 2017

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We have added EMPLOYMENT GENERATION topic in the ECONOMICS section of ESI. This topic is not only important for ESI but also for Phase 1 GA as well as Essay topic in Phase 2 English.

We have covered it very comprehensively along the following dimensions:

  • Introduction
  • What is unemployment
  • Types of unemployment
  • Measuring unemployment
  • Understanding the unemployment situation in India
  • Government Schemes for generation of employment in India- All important schemes at one place
  • Conclusion

Facts, figures, schemes, current affairs and concepts have been integrated.

We expect to upload the remaining material by 31st March 2017 so that you get ample time to revise.

View our courses here:

www.edutap.co.in/learn

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Happy learning!

Wishing you all the best.

Team EduTap

Our website- www.edutap.co.in

Poverty topic added in ESI for RBI 2017

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We have added POVERTY ALLEVIATION topic in the ECONOMICS section of ESI. This topic is not only important for ESI but also for Phase 1 GA as well as Essay topic in Phase 2 English.

We have covered it very comprehensively along the following dimensions:

  • Introduction
  • What is poverty
  • Types of poverty
  • Measuring poverty
  • Pre independence poverty estimates
  • Post independence poverty estimates
  • Which poverty line should we adopt?
  • Reducing poverty in India
  • Poverty indices and India’s performance
  • Strategy for combating poverty
  • Poverty alleviation schemes and programmes
  • Making anti poverty programmes more effective
  • JAM, DBT, etc
  • Idea of Universal Basic Income (UBI)
  • Conclusion

Facts, figures, schemes, current affairs and concepts have been integrated.

We expect to upload the remaining material by 31st March 2017 so that you get ample time to revise.

View our courses here:

www.edutap.co.in/learn

Happy learning!

Wishing you all the best.

Team EduTap

Our website- www.edutap.co.in

Our blog- www.rbigradeb.wordpress.com

Our facebook page- TARGET RBI GRADE B Exam

Email- learnofy@gmail.com   crackrbi@gmail.com

Call us at 8146207241

HOW TO PREPARE ENGLISH for RBI 2017?STRATEGY BY MR. NEERAJ BHARTI (86/100 IN ENGLISH)

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Aspirants have numerous questions in their mindspertaining to the importance of English in Phase 2, the probable essay topics, the types of questions that are asked and so on.

EduTap brings you an interview with Mr Neeraj Bharti who not only cleared the RBI Grade B exam but also scored a whopping 86 marks in English out of 100 marks!

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

So here it goes!

What is the importance of English vis a vis ESI and FM in making it to the final list for RBI Grade B? As we can see from the marks list of many candidates, the marks obtained in English and interview make the actual difference in securing a final seat or being out of the list. Is it so?

The point I want to make initially only is that every mark/score matters once you sail through the prelims. I have seen people, who lose their steam once they clear the prelims. RBI exam is not simply an exam but it’s a journey and a test of your vigor, patience, focus, consistency and dedication. With the advent of Mains Exam, the starting point of study is primarily ESI and FM exam, as majority of the candidates are from non-management/non-commerce back ground.

English paper is always left on the back burners. But English is the inflection point which plays a pivotal role in your final selection. I had given exam in 2014 and made it to the final interview list, but could not convert it to the last league because my English Score was low. Next year I appeared again and to my surprise the entire exam format was changed with ESI/FM paper being made objective. Thus it was the importance of being earnest towards the English paper, which actually drove me to the finish line. This is the paper (apart from interview) that adds subjectivity to the total scoring, and eventually makes or breaks the career of an aspirant. Thus I totally agree with the inference that the marks obtained in English and Interview make a significant difference in securing a final place.

How should an aspirant approach the English section for Phase 2? What is the right study material?

English is a language, and as for any language, you do not master it in a day, week, or a year. It is a gradual learning process, catalyzed by the penchant to master it. But yes, people who have a sound understanding of fundamentals of English can surely work on it during a limited time frame to score an above average/good marks in the Mains Exam.

There is no fixed study material that I can suggest.The more you read and more you write, the better you get.

The English paper revolves around three types of Questions, i.e. Essay, Precis Writing and Comprehension (in order of their difficulty level). Essay topics mainly pertain to latest Economic, Social or Finance Issues. The best material for that is Financial Dailies/Magazines and their editorial columns (Business Standard, Hindu BusinessLine, ET, EPW, Yojana, Indian Express and whole lot of Internet Research is what I followed).

These will improve your content and give you good food for thought. If you have time left, you can also go through Editorials of The Hindu or Indian Express also. But eventually, mere reading won’t help, if you don’t pen down your thoughts within the covenants of a Good Essay. (What is a Good Essay is altogether a different topic that I will discuss separately.)

You will find plentiful topics for Essay writing either from numerous Civils/RBI Prep websites. It is just that you need to start working on it from day one. I know initially it will be a challenge. But once you start picking it up and improving upon it, you will enjoy Essay writing.

Precis-writing is a simple game of rules. Search on the net, what are the features of an excellent precis, you will find a lot material on that. Start writing precis on the lines of those commandments (sticking to the word limit, usage of own language, an apt caption, juicing the essence of the article etc,). Pick an editorial or an article write its precis.

Comprehension is the last part and not a difficult one. It is straight question-answer topic, you read the para and write the answer in your own words as asked in the question. The other type of question in it is of, usage of a word or a phrase in your own sentence. That asks from some creativity and sentence -construction skills.

What all is asked in English paper for Phase 2? What are the topics that one needs to cover?

As mentioned in point no. 2. The topics as I said are broadly under the Umbrella of Economics, Social or Finance Issues.

What is the right strategy for writing a good and scoring essay in English?

I would not be able to give you a scholarly definition of Good Essay. What I think about a Good Essay is that it is an analytical piece of writing within the limits of the words prescribed. We can write blatantly on topics and stretch it to pages, but that is not what examiner is expecting. What is expected is a thorough multi-dimensional analysis of the topic substantiated relevantly at places with facts and figures (remember essay laden with facts and figures bores the examiner and lowers the score).

The essay structure also matters, right from the beginning with an introduction to concluding it neutrally with your personal remarks. The total body of the essay can be divided into 4-5 paragraphs. But don’t give it too much breaks, as the essay will lose its coherence. The essay should give a seamless reading, rather than a feeling of compartmentalized bunch of information. Content matters, but repetition of content (in case you are out of points) is a negative.

In the end, a good essay is a piece of art that gives the reader a good read. So read it again and edit it to give the final touch to your piece of art.

What things should be kept in mind while writing a précis?

As discussed above.

You scored less marks in your first attempt and then you scored one of the highest marks in your next attempt, what did you work on? How did you improve? What made the difference?

The mistake I did in the first Attempt English Exam was that I did not manage the time well, even when it was a three hour paper. I spent a lot of time on thinking/writing/re-writing the essay, which was basically due to lack of practice. This had a domino effect on other questions i.e. precis and comprehension, eventually ruining the entire paper.

So once bitten, twice shy, next time it was the situation of Do or Die, that too in 90 minutes. I had strategized how I will approach the exam. I finished the Precis Writing in first 20-25 minutes, and then started with the Essay writing. This time I didn’t waste any time in any thinking/writing/re-writing of the Essay. I had prepared content for a number of topics, which I was expecting to be asked in the paper.

Does background, basic schooling, graduation college matter for English for Phase 2?

As I said, language is a gradual learning process. The background, schooling et al do add to your English skill set. The medium in which you have studied has an add-on impact on it. But that is not the sole deciding criteria. It is your love for English that matters. If you have been/are enthusiastic and has that zeal to learn it, these things become secondary.

How should one approach the paper? Which section to begin with?

I have discussed my strategy in an earlier question. But there is no fit for all strategy. Everyone can have his or her own strategy. Actually what matters is having that strategy and being confident about it. The more you simulate yourself in an exam like environment, the more refined your strategy will be, and more confident you will be.

Since the examination is held online and one has to type the answers via keyboard, how different is the experience as compared to pen and paper style?

Speed matters eventually. People who are experts in writing on keyboards do have an advantage. As it helps in quick addition, deletion, correction. I would suggest to everyone that from day one, you should start working on keyboards and get rid of the pen and paper. Prepare your notes on your laptop/PC, practice mock exams online, start writing comments/blog posts etc. to holistically develop your online writing skills.

How much time should be devoted to English preparation while preparing for RBI?

There is no right time to start. There is always a right attitude to start. As we say in Hindi, “Jab Jago tab Savera”. The day you realize that you have to be sincere, devoted and focused about the Exam that is the right time, and sooner it is the better it will be. That way time just becomes a metaphysical concept.

Hope this helps!

Our courses are available here: www.edutap.co.in/learn

Our website- www.edutap.co.in

Our blog- www.rbigradeb.wordpress.com

Our facebook page- TARGET RBI GRADE B Exam

Email- learnofy@gmail.com   crackrbi@gmail.com

Call us at 8146207241

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Free lesson on Options for FM (RBI Phase 2)

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Dear Aspirants,

In our 5 video series analyzing the Phase 2 examination of RBI, we clearly established the fact that RBI has a habit of putting up questions from Side Topics and Out of Syllabus Topics.
Side Topics are the topics which are attached to main topics though may not be part of standard articles or books. On the other hand Out of Syllabus topics are those topics which are not part of Syllabus and are not attached to any Main Topic in Syllabus
When it comes to Derivatives – Futures, Forwards and Swaps are part of syllabus but options are not.
But Derivatives are not complete without options. Hence Options becomes a very suitable candidate for the Questions from the side topics
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EduTap wants you to be fully prepared for the exam and in line with our continuous efforts to achieve the same, we bring to you the lesson on Options.
What has been covered by EduTap in this Lesson?
1. What are options?
2. Why do we need options and how are they different from Futures?
3. Explaining Options from Daily Life Example
4. Types of Options – Call and Put Options
5. What are Call Options?
6. What are Put Options?
7. Profit and Loss for the buyer and Seller of the Call Option
8. Profit and Loss for the buyer and Seller of the Put Option
9. Graphs for the buyer of the Call and Put Option Vis-a-Vis Increase and Decrease in Price
10.Graphs for the Seller of the Call and Put Option Vis-a-Vis Increase and Decrease in Price
11. Break Even Point foe the Buyer and Seller of Call and Put Options
12. Long and Short Position in the Call and Put Options
13. What is Contract Size?
14. What is Contract Value?
15. What are In the Money Options?
16. What are Out of Money Options?
17. What are At the Money Options?
18. Intrisnic Value of Options
19. TIme Value of Options
20. Around 8 Numerical on Options – Calculating Profit and Loss and Intrinsic Value
21. Factors Affecting Pricing of Options
22. How are Options Priced? – Black and Scholes Model
23. Delta for the Options
24. Gamma, Theta, Vega and Rho for the Options
25. MCQ’s for Practising the Learned Concepts
The lesson is available in the Free Lessons for your preview
Happy learning!
We wish you all the best.
Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241

Urbanization+Migration uploaded in ESI for RBI 2017

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We have added URBANIZATION AND MIGRATION topic in the SOCIAL ISSUES section of ESI.

We have covered it very comprehensively along the following dimensions:

URBANIZATION

  • Introduction to various concepts
  • Census 2011 and urbanization- All important data and trends
  • Swatch Bharat Mission in detail
  • Smart Cities Mission in detail
  • AMRUT in detail
  • National Mission for Urban Housing in detail
  • HRIDAY in detail
  • Conclusion

MIGRATION

  • Introduction
  • Sociological significance of migration
  • Types of migration
  • Public opinion on migration
  • India and migration
  • Census 2011 and migration
  • Reasons for migration
  • Consequences of migration
  • Problems of migrants
  • Conclusion

Facts, figures, schemes, current affairs and concepts have been integrated.

We expect to upload the remaining 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

Demographic Trends topic uploaded in ESI for RBI 2017

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We have added DEMOGRAPHIC TRENDS topic in the SOCIAL ISSUES section of ESI.

We have covered it very comprehensively along the following dimensions:

  • What is demography?
  • Wy study demography?
  • Demographic processes
  • Demographic cycles
  • Demographic trends in India
  • Census 2011
  • Population size
  • Population density
  • Fertility ratio
  • Sex ratio
  • Literacy
  • Marriage
  • Demographic dividend
  • Dependency Ratio
  • Social Mobility

Facts, figures, schemes, current affairs and concepts have been integrated.

We expect to upload the remaining 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

CURRENT AFFAIRS FOR ESI+FM- 1st to 10th March 2017

 

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Current affairs are an important pillar of preparation for RBI Grade B examination.
Most of the questions in ESI pertain to current affairs and a few topics in FM are also current oriented.
In our constant endeavor to bring the best of material for the aspirants, EduTap brings you this awesome course wherein we would be publishing current affairs quiz every 10 days.

Through this course, we would be delivering the relevant current affairs for ESI and FM in the form of MCQs.

Every 10 days, we would be uploading 70-100 questions which would be highly relevant for RBI Grade B 2017. 

This would make your preparation wholesome and comprehensive.

The first such quiz has been uploaded for free at EduTap. Visit the link below to take the quiz!

http://www.edutap.co.in/learn/Current-Affairs-for-ESI-and-FM

Happy learning!

Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241

 

 

FREE Material for RBI Grade B 2017

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For the benefit of all aspirants, we are sharing these pdf’s of our course content for free.

It contains the following topics:

  1. Bonds basic
  2. Bonds advanced
  3. Human Resource development Part 1
  4. Human Resource development Part 2
  5. Positive discrimination- Social justice Part 1
  6. Economic Survey 2016-17 Chapter 1 MCQs

Download the files here:

https://drive.google.com/open?id=0B5_Iv2REgxNcN1BoanpZcURTWms

Our awesome courses are available here:

www.edutap.co.in/learn

Happy learning!
We wish you all the best.
Team EduTap
Our website- www.edutap.co.in
Our facebook page- TARGET RBI GRADE B Exam
Call us at 8146207241