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CPT Chapter Budget, Money and Banking
With Jaya Wahal.Duration:2hrs 21min
| Budget & Money & Banking | Duration (min:sec) |
| Budget & Fiscal Deficit | |
| Introduction | 05:12 |
| Meaning of Budget & Fiscal Deficit | 05:21 |
| Trends in Budget & Fiscal Deficit | 03:16 |
| Quiz | 03:50 |
| Balance of Payment | |
| Introduction | 01:01 |
| Terminology | 12:45 |
| Trends in Balance of Payment | 02:58 |
| India's Foreign Exchange Reserve | 05:38 |
| Quiz | 04:54 |
| Summary | 01:02 |
| External Debt | |
| Meaning & External Debt in India | 04:58 |
| Quiz | |
| Money | |
| Money Introduction | 01:26 |
| Meaning & Functions of Money | 10:03 |
| Money Stock in India | 05:37 |
| Quiz | 06:25 |
| Summary | 00:21 |
| Commercial Banking | |
| Introduction to Banking | 00:43 |
| What are Commercial Bank | 04:52 |
| Roles of Commercial Bank | 03:05 |
| Functions | 04:01 |
| Nationalisation of Commercial Bank | 08:12 |
| Shortcomings | 02:07 |
| Quiz | 05:21 |
| Summary | 01:22 |
| RBI | |
| Introduction | 00:30 |
| Meaning & Functions of RBI | 02:24 |
| Central vs Commercial Bank | 02:26 |
| Roles of RBI | 01:47 |
| Functions of RBI | 05:33 |
| Indian Monetary Policy | 12:23 |
| Quiz | 10:32 |
| Summary | 01:28 |
| Total | 02:21:33 |
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
Infrastructure Challenges & Inflation