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CPT Chapter Budget, Money and Banking

CA CPT Exam  

With Jaya Wahal.Duration:2hrs 21min

Budget & Money & BankingDuration (min:sec)
Budget & Fiscal Deficit 
Introduction05:12
Meaning of Budget & Fiscal Deficit05:21
Trends in Budget & Fiscal Deficit03:16
Quiz03:50
Balance of Payment 
Introduction01:01
Terminology12:45
Trends in Balance of Payment02:58
India's Foreign Exchange Reserve05:38
Quiz04:54
Summary01:02
External Debt 
Meaning & External Debt in India04:58
Quiz 
Money  
Money Introduction01:26
Meaning & Functions of Money10:03
Money Stock in India05:37
Quiz06:25
Summary00:21
Commercial Banking 
Introduction to Banking00:43
What are Commercial Bank04:52
Roles of Commercial Bank03:05
Functions04:01
Nationalisation of Commercial Bank08:12
Shortcomings02:07
Quiz05:21
Summary01:22
RBI 
Introduction00:30
Meaning & Functions of RBI02:24
Central vs Commercial Bank02:26
Roles of RBI01:47
Functions of RBI05:33
Indian Monetary Policy12:23
Quiz10:32
Summary01:28
  
Total02:21:33

Notes

Budget and fiscal Deficit:


Meaning of Budget and fiscal deficit:
Budget = Expected receipts - Expenditure of govt

Budget deficit = Total exp (capital +revenue)-Total receipt (capital +revenue)
Fiscal deficit = Total exp (capital +revenue) - Total receipts (exl borrowings)

Fiscal deficit = Budget deficit +(borrowings + other liability)

Budget deficit doesn’t give true picture of an economy
Fiscal deficit is a more comprehensive measure
Fiscal Policy


Balance of Payment:

Index:
Balance of Trade (BOT)
Balance of Current account
Balance of Payment on Capital account
Balance of Payment
Trends in Balance of Payments


Balance OF Payment:

Balance of current account + capital account
Systematic record of all economic transaction between the residents of one country and the rest of the world in a year
Always balance in book keeping sense.

External Debt:

External assistance is of 2 types-grants and loans
90% of external assistance received by India is from loans.
Sources of loans - IMF,WB,IDA,USA,UK,Japan etc
Share of concessional debt at end 2013 was 10.5% .
External debt was 22,00,000 crore at March,2013.
As per cent of GDP, India external debt was 23% at March 2013.
Debt Service Ratio (Principal & Interest / Total Export)-6% in 2012-13,still high by international standards. represents capacity of a country to serve external debt
Export of goods as of GDP was 25%
India ranks as the third most indebted country after China & Brazil (2012)

Money & Banking:

Index:
Meaning of Money
Functions of Money
Money stock in India

Meaning OF MONEY:
Serves as a medium of exchange - for buying and selling
serves as a common measure of value - value of a good or service can be expressed in terms of money
Serves as a store of value - money saved in present can be used future.

 


CPT Exam Exposure-Budget

CPT Exam Exposure-Balance of Payment

CPT Exam Exposure-External debts

CPT Exam Exposure-Money

CPT Exam Exposure-Commercial Banks

CPT Exam Exposure-Reserve Bank of India

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