Post on 03-Jun-2018
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Rail Budget
General Budget
Todays Top
1. Survey: C2, 3
2. General B
(MINUSSchemes)
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How prepares Economic Survey?
1. Draft: Dept. of Economic A
2. CSO inputs (Min. of Stat &Prog implementation)
3. Chief Economic Advisor to
4. Finance Secretary + FM
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(A): In Recent years, women participatrate in labour force has declined.
(R): There has been a rapid increase infemale participation in educationboth rural and urban areas
Answer Choices
A. both are true and R is the correct explanation of AB. both are true but R is not the correct explanation oC.A is true but R is falseD.A is false but R is true
1. Skip 2. Attempt 3. Mark
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Assertion (A): In Recent years, womenparticipation rate in labor force has declined.
Reason (R): There has been a rapid increasfemale participation in educationboth in rururban areas
Answer ChoicesA. both are true and R is the correct explanatio
B. both are true but R is not the correct explanAC.A is true but R is falseD.A is false but R is true
Survey ch1, Page5
1. Skip 2. Attempt 3. Mark n Review
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2 3 4
1. Reform
overview2. Financial
repression
3. Productivity
commission
1. Budget 2013
2. AFS Tables
1. Agro
2. Urjit
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5 6 7
1. FSLRC- IFC
2. Financialinclusion
(Nachiket)
3. Insurance,
NBFC
1. EXIM
2. Tradagre
1. BOP Table
2. Fed tapering
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8 9 10
1. Subsidies
2. Nationalmarket
3. PDS reform
1. Mining
2. MSME3. Textile
4. Industrial
corridor
1. Tran
2. Tou3. IT
4. Rea
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11 12 13
1. Energy: CBD, Oil, gas,
renewable2. Ports, highway, railway,
aviation, communication
3. PPP, infra financing (Ch2.)
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11 12 13
1. El Nino, MDG
2. National action plan CC3. Kyoto, warsaw
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11 12 13
1. Human Development index
2. Schemes3. Rural-urban infra (Smart cities, Rurba
4. Weaker sections schemes
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1. Introduction
14. Statistical Appendix
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Chapter 1
State of the Economy
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>9%: 2005, 2006, 2007
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Gross
Domestic
Product
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2012, 100 2013
Nom
GD
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2012
Nom
GD2004, **GDP
deflator
= Real GDP
CSO Data
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Gross
National
Product
M
GNP = GDP + Net Income
from abroad
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GNP NNP (MP)
- Indirect TAXE
+ Subsidies
NNP (FC)
What is Net National Income? (199
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A. NNP at market price
B. NNP at factor costC.Net Domestic Product at ma
price
D.Net Domestic Product at faccost
What is Net National Income? (199
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GNP NNP (MP)
- Indirect TAXE
+ Subsidies
NNP (FC) = National INCOME
Per capita National Income (2013): 7
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GNP NNP (MP)
+ Current Trans
National
Disposableincome
Background theory / formulas
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Background theory / formulas
NCERT Macro chapter 2
Topic 2.3 till end
Economic Survey ch1, Table 0.1 - GDproduction, inflation, deficit
Population:121 crore (CENSUS 2011
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>9%: 2005, 2006, 2007
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GDP Decline why?
Global slowdownInflation: financial assets APMC, high food inflation
CH1 GDP Decline why?
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Decline higher than emerging econom
PSU dividend, NOT expansion
Ref Box 1.1
Structural constrains
Investment rate 30% GDP => Sub-5%
Investment decline (not high) => GDPdecline (High)
CH1. GDP Decline why?
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Jaitley budget aim
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7-8% Growth in next 3-4 years
Aim:lesser TWIN DEFICIT
Lesser fiscal deficit
Lesser CAD
Jaitley budget aim
Sectoral growth trends (Point: 1 6
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Sectoral growth trends (Point: 1.6
Sector share in GDP (Table 1 2)
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Sector share in GDP (Table 1.2)
Sectoral share in GDP (Table 1.2
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Sectoral share in GDP (Table 1.2
2007
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Which one of the following is the correcsequence in the decreasing order of
contribution of different sectors to GDP?A. Services-Agriculture-Industry
B. Industry-Services-Agriculture
C. Industry-Agriculture-ServicesD. Services-Industry-Agriculture
2007
1. Skip 2. Attempt 3. M
Share of sectors in Employment Box
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Share of sectors in Employment Box
Formula: Aggregate Demand (1.16
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Final consumption
+ investment (I)+ Net export (-impo
o u a gg ega e e a d ( 6
Aggregate Demand
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Aka effective demand
Demand for GDP of a counGrowth rate (AD) decrease
gg g
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Public sector 1%
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Total savings rate (~30 GDP%)
2012
Public sector 1%
Private sector 7%
Household
Physical 15%+ Financial 7%
H
2
Assertion reasoning
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g
(A) Savings rate declined significantrecent years, for Indian Economy
(R) Households tended to save morphysical than financial assets in receyears.
Correct ans:both right, R DOESNOTexplaRef. Ch1, Page14
Public sector 1%
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Total savings rate (~30 GDP%)
2012
Public sector 1%
Private sector 7%
Household
Physical 15%+ Financial 7%
H
2
Assertion reasoning
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(A) Savings rate declined significantrecent years, for Indian Economy
(R) Households tended to save morphysical than financial assets in receyears.
Correct ans:both right, R DOESNOTexplaRef. Ch1, Page14
Assertion reasoning
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(A) In recent years, overallinvestment rate has declined fo
Indian economy(R) private corporate investmenhas declined in recent years.
Correct answer:both right, R explains A.
Ref. Ch1, Page10 sidebox
Ch.1: page 12 onwards
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Gold import, CAD (BoP chapter)
Fiscal deficit, FRBM (public finance
chapter)Inflation (ch. Price Management)
BoP, Fed Tapering (lecture)
overview of other Chapter
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Chapter 2
1.Public finance => Todays
lecture2.inflation => Agriculture + (FI)
Types of Reforms
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Short
term
Stroke of a pen reforms
e.g. POSCO plant.
Mediu
m termVia budget
Long
term
Via legal-regulatory-
Administrative reforms
Can long term reforms affect Short te
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Higher dividend expect: stockmarket boom
Households: less savings, morborrowing
FDI, FII attract
Factor Market Reform
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Land market
Acquisitionland title
computerization
of records
Hire firetrade union
Labour mar
Factor Market Reform: Capital Mark
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FSLRC
Indian Financial code
Regulatory sector reform
Mumbai: international financial
centre like London, NY Singapo
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