Difference between Current Account Deficit and Balance of Payments

Balance of Payment:

It reflects the way in which economic interaction takes place between one nation to rest of the world. Balance of payments is one of the major indicators of a country status in international trade. It reflects all payments and liabilities to foreigners  and all payments and obligations received from foreigners.  The BOP is determined by the country  exports and imports of goods, services, and financial capital, as well as financial transfers.

Current Account Deficit: When total export exceeds the total import then it is called as Current Account Deficit.

Difference between Current Account Deficit and Balance of Payments:

Current Account is one of the three component of Balance of Payment.

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What is Balance of Payments India Theory Notes, Capital Account Deficit vs Current Account Deficit, PPT, PDF

Balance of Payment:

It reflects the way in which economic interaction takes place between one nation to rest of the world. Balance of payments is one of the major indicators of a country status in international trade. It reflects all payments and liabilities to foreigners  and all payments and obligations received from foreigners.  The BOP is determined by the country  exports and imports of goods, services, and financial capital, as well as financial transfers.

Components of Balance of Payments:

It has three components:

1.    Current Account: It shows the short term international transaction between a nation and rest of the world like Export and import of goods and services, net remittances. It is also called as Visible trade.

2.    Capital Account: It deals in long term transaction between a nation and rest of the world like FDI,FII. It is also known as Invisible trade which includes trade in services like tourism, transport, banking, etc.

3.    International Reserves Account: It is the balancing item when Capital and Current account deficits. Official reserves assets include gold reserves, foreign currencies (US dollar, European Euro, Japanese Yuan, etc.), SDRs. 

Balance of Payment Crisis:

If international reserves (forex reserves) of a country are not enough to balance the combined

Difference between Current Account Deficit and Fiscal Deficit in India ppt PDF file

Current Account : It is the component of Balance of Payment. It deals in short term international Transactions like export and import.  

Fiscal Policy: It is a policy which effects the government expenditure and Revenue.

Difference between Current Account Deficit and Fiscal Deficit:

1) Current account deficit means imports are larger than exports, or negative net exports.

     Fiscal deficit means government expenditure is larger than Government revenues.

2) Current account deficit is in external balance ,foreign trade,foreign exchange etc.

     Fiscal deficit is purely internal deficit in internal budget.

Both the terms are used in India and they are two different types of Deficits as you can know from the differences.

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Difference between Current Account Convertibility and Capital Account Convertibility in INDIA

Here is the difference between Current Account Convertibility and Capital Account Convertibility. 

Current Account Convertibility: Current Account convertibility means the freedom to convert one currency into other internationally accepted currency wherein the exporters and importers allowed a free conversion of rupee. But still none is allowed to purchase any assets abroad. In other words, the companies who deals in export and import of Goods and services, they have to give money in foreign currency (internationally accepted). So, Indian Companies convert the money in foreign currency and foreign companies also do the same thing but they are not allowed to purchase any assets abroad.

Capital Account Convertibility: Capital Account Convertibility means that rupee can now be freely convertible into any foreign currencies for acquisition of assets like shares, properties and assets abroad. Further, the banks can accept deposits in any currency. 

Keep in mind that Current Account Convertibility and Current Account Deficit are two Different terms. Do no get confuse between these terms. Similarly, Capital Account Convertibility and Capital Account Deficit are also two different terms.

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Bank Draft vs Cheque vs Demand Draft Difference between Draft, Cheque and Demand Draft PDF file

What is Cheque?

Cheque is a negotiable instrument. A cheque is an official note that is written by an account holder on funds he has in an account held at an institution.  A check is guaranteed by the person who is writing it and can be returned (Bounce) for insufficient funds if the person is overdrawn on his checking account.

What is Draft?

Draft is also a negotiable instrument. Bank Draft is an official note that is written by a bank from funds verified in an account by the bank prior to issuing the bank draft. The person requesting the bank draft makes the cashier check out to the party who is to receive it. A bank draft is guaranteed by the bank that has already verified the amount of money is covered by the person requesting the bank draft.

Difference between Draft and Cheque:

a)    Cheque is issued by an account holder while Draft is issued by Bank.

b)    Bank may not charge for issuing of Cheque book but it charges a fee for issuing a Draft.

Success Mirror January 2014 Magazine PDF File in HIndi and English Free Download Mediafire links

Success mirror, one of the Best Magazine for competitive Examination like Bank PO, Clerk, RRB, RBI, SSC, Civil Services has published it's January 2014 Magazine.
The price is Rs 35. You can read it online from the official website or you can buy it from the nearest book stationaries.

Success Mirror topics covered:
Bharat Ratna Nelson Mandela passes away
Pope Francis is Time person of the year
Results of Assembly elections in five states Declared
Indian Navy Inducts INS Vikramaditya
Jordan elected to UNSC
Iran Signs Nuclear Deal with West
IAAF World Atheletes of the year 2013
44th IFFI
PV Sindhu wins Macau Open
Magnus Carlsen Is the new world chess Champion
GDP goes upto 4.8% in Q2
Odisha is India's most attractive state for investment
Risk Management system in Export sector
India is at 63rd place in Global hunger Index 2013
RBI's report on trend and progress of Banking in india 2012-13
First Bhartiya mahila Bank Inaugurated
LPG portability scheme launched

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SSC CGL Post Preference list change with code with details of post. What should be order of Post in SSC CGL online form

SSC CGL Post Preference list for students with complete details:

Before Filling the form Keep in mind that once you submit the form you cannot change the preference. So be careful on filling the form.

1 Inspector (Examiner) in Central Excise

*Best Promotion chances. Promotions are
fast in respect of any other post. Only
drawback is that the posts are available only
in 11 Coastal Cities. So, if you belong to
coastal city and Place of Posting is not an
Issue. Give it the first Preference

2 Inspector in Income Tax

*Better Promotion Chances. Posts are
available all over India so better chances for
Home Posting

3 Inspector (Preventive Officer)

*Uniformed Job, Better Promotion Chances
again the posting is at coastal cities. Give
3rd preference if Place of Posting is not an
issue.

4 Assistant Enforcement Officer

*Better Social Stature. Good Promotion
Options. Posting limited to certain cities
only.

5 Assistant in MEA

*Same as cypher . Only difference is Foreign
posting is of 3 years.

SSC CGL Syllabus 2014 Tier-1 and Tier-2 exam pattern exam date free Download PDF file with advertisement

NOTE-I: There will be negative marking of 0.25 marks for each wrong answer in Tier-I. In Tier-II, there will be negative marking of 0.25 marks in Paper-II and 0.50 marks in Paper-I and Paper-III for each wrong answer.

Questions will be of Objective Type Multiple Choice, set both in Hindi and English in respect of Parts A, B and C.

SYLLABUS

TIER-I OF THE EXAMINATION:

A. General Intelligence & Reasoning: It would include questions of both verbal and non-verbal type. This component may include questions on analogies, similarities and differences, space visualization, spatial orientation, problem solving, analysis, judgement, decision making, visual memory, discrimination, observation, relationship concepts, arithmetical reasoning and figural classification, arithmetic number series, non-verbal series, coding and decoding, statement conclusion, syllogistic reasoning etc. The topics are, Semantic Analogy, Symbolic/Number Analogy, Figural Analogy, Semantic Classification, Symbolic/Number Classification, Figural Classification, Semantic Series, Number Series, Figural Series, Problem Solving, Word Building, Coding & de-coding, Numerical Operations, symbolic Operations, Trends, Space Orientation, Space Visualization, Venn Diagrams, Drawing inferences, Punched hole/pattern –folding & un-folding, Figural Pattern – folding and completion, Indexing, Address matching, Date & city matching, Classification of centre codes/roll numbers, Small & Capital letters/numbers coding, decoding and classification, Embedded Figures, Critical thinking, Emotional Intelligence, Social Intelligence, Other sub-topics, if any.

B. General Awareness: Questions in this component will be aimed at testing the candidates general awareness of the environment around him and its application to society. Questions will also be designed to test knowledge of current events and of such matters of every day observations and experience in their scientific aspect as may be expected of any educated person. The test will also include questions relating to India and its neighbouring countries especially pertaining History, Culture, Geography, Economic Scene, General Policy & Scientific Research.

C. Quantitative Aptitude: The questions will be designed to test the ability of appropriate use of numbers and number sense of the candidate. The scope of the test will be computation of whole numbers, decimals ,fractions and relationships between numbers, Percentage. Ratio & Proportion,Square roots, Averages, Interest, Profit and Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons , Circle, Right Prism, Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities, Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart

D. English Comprehension: Candidates’ ability to understand correct English, his basic comprehension and writing ability, etc. would be tested.

Difference between FDI, FPI and FII, Notes on What is FDI,What is FPI, Types of FDI, Types of FII. Advantages, Disadvantages of FDI and Obstacles in India free Download

What is Foreign Investment?

Flows of Capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets is known as Foreign Investment. Foreign Investment can come in several ways.

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Types of Foreign Investment:

1.    Foreign Direct Investment (FDI)

2.    Foreign Portfolio Investment (FPI)

1.  Foreign Direct Investment (FDI): FDI refers to investment in a foreign country where the investor retains the control over the investment. It means that a foreign investor generally an MNC invest in a country by way of setting up a plant, project or factory. They come with an intention of producing a commodity, construction of some infrastructure, providing some services (like Banking, Insurance, Aviation etc.) or technology. FDI is the most preferred form of Foreign Capital because it is stable, it is for long term and adds productive capacity to economy.

FDI can come to a nation through following routes:

You might have heard about: 29% FDI is allowed under Automatic route and 76% FDI is allowed under FIPB route. So here is the detail about the FDI routes.

a.    Automatic Route: Under this, a foreign investor does not require a prior approval of RBI before investing in INDIA. It has to inform within one month to RBI of bringing its Capital. Further, within next one month it has to inform RBI of issuing shares to non-resident Indians.

b.    Foreign Investment Promotion Board (FIPB): Under this, a foreign investor has to seek a prior approval of FIPB before investing in India. FIPB was set up in 1992. The sectors and industries for which FIPB approval is needed may be those:

·         Activities requiring industrial license

·         Small Scale Industries

·         Industry where the Foreign investor already have a joint venture etc.

c.    NRIs and Overseas Corporate Bodies (OCB): Under this, government encourages NRI and OCB to invest in INDIA. Most of this are owned by NRIs.

Specialist Officer(Rajbhasha Adhikari) IBPS Paper solved with answers pdf file Mediafire links free Download

IBPS(Institute of Banking Personnel Selection) conducts the paper of Specialist officer for various public sector banks since 2012. Till now (2013) it has conducted two papers in consecutive years. Click here to visit IBPS website.

IBPS Specialist officer contains 200 MCQs carrying 1 mark for each correct answer, 0.25 Marks will be deducted for wrong answer. Examination will be held for 2 hours and candidates are recommended to carry IBPS Specialist Officer Hall Ticket without forgetting. Section wise number of questions is given below.

It consists of four sections :

1)Reasoning Ability:  50 Questions (50 Marks)

2)Quantitative Aptitude: 50 Questions (50 Marks)

3)Professional Knowledge: 50 Questions (75 Marks)

4)English Language: 50 Questions (25 Marks)

Here the links of Rajbhasha Adhikari paper are provided. You can download it for free.

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IBPS SO Rajbhasha Adhikari Paper:

IBPS SO Paper 2012

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What is Financial Inclusion In India, RBI initiative to achieve Financial Inclusion in India(RBI Policies), need of Financial Inclusion in India

What is Financial Inclusion / What is financial inclusion in Indian Context?

Financial inclusion is delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income group. The concept of Financial inclusion is not new. Nationalization of Banks, Priority sector lending, Lead Bank scheme, establishment of Regional Rural banks, Self Help Group, all are part of RBI initiative to provide financial access to low income group. But, the movement gathered momentum after 2005, when the RBI highlighted the need for Financial inclusion in its Annual Policy Statement.

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RBI initiative to achieve Financial Inclusion in India / RBI Policies to provide Financial Inclusion to Indian:

Opening of no-frills accounts: Basic banking no-frills account is with nil or very low minimum balance as well as charges that make such accounts accessible to vast sections of the population. Banks have been advised to provide small overdrafts in such accounts.

Relaxation on know-your-customer (KYC) norms: Persons belonging to low income group both in urban and rural areas do not face difficulty in opening the bank accounts due to the procedural hassles. For this, the 'KYC' procedure for opening accounts for those persons who intend to keep balances not exceeding rupees fifty thousand (Rs. 50,000/-) in all their accounts taken together and the total credit in all the accounts taken together is not expected to exceed rupees one lakh (Rs. 1,00,000/-) in a year has been simplified to enable those belonging to low income groups without documents of identity and proof of residence to open banks accounts. In such cases banks can take introduction from an account holder on whom full KYC procedure has been completed and has had satisfactory transactions with the bank for at least six months. Photograph of the customer who proposes to open the account and his address need to be certified by the introducer.

Rural Intermediaries: In January 2006, The RBI permitted Banks to appoint the following organizations as business intermediaries:

·         Non Governmental Organizations

·         Self Help Group

·         Micro Finance Institutions

·         Other Civil Society Organizations

SSC-CGL(Combined graduate level) Tier-2 Paper 2012 Statistics held on 15-9-2012 with answers pdf file free download mediafire links

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Click here to Download (Statistics Paper)

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SYLLABUS FOR TIER-II OF THE EXAMINATION :

Paper-I : Quantitative Ability : The questions will be designed to test the ability of appropriate use of numbers and number sense of the candidate. The scope of the test will be the computation of whole numbers, decimals ,fractions and relationships between numbers, Percentage. Ratio & Proportion,Square roots, Averages, Interest, Profit and Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons , Circle, Right Prism, Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities, Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart

Paper-II : English Language & Comprehsion :Questions in this components will be designed to test the candidate’s understanding and knowledge of English Language and will be based on spot the error, fill in the blanks, synonyms, antonyms, spelling/detecting mis-spelt words, idioms & phrases, one word substitution, improvement of sentences, active/passive voice of verbs, conversion into direct/indirect narration, shuffling of sentence parts, shuffling of sentences in a passage, cloze passage & comprehension passage.

Paper-III : Statistics for Investigator Grade-II, Ministry of Statistics & Programme Implementation & Compiler in RGI. Collection Classification and Presentation of Statistical Data – Primary and Secondary data, Methods of data collection; Tabulation of data; Graphs and charts; Frequency distributions; Diagrammatic presentation of frequency distributions.

What is Capital Market, Classification of Capital Market, What is Primary Market, Secondary Market, IPO, Right issue, etc. pdf file

CAPITAL MARKET

Capital Market means market for long term funds as distinct from Money market which deals in short term funds.

The size of the capital Market implies the Volume of Trade in Securities (Shares/ Bonds) in a country leading Stock exchanges.

The demand for long term funds comes from industry, trade, agriculture and government. The supply of funds comes from individual savers, corporate savings, banks, insurance companies, specialized financial institution and government.

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Classification of Capital Market / Structure of Capital Market

Capital Market in India is Classified in two ways:

A)The first ways consists of:

1.    Primary Market: Primary market deals with those securities that are issued to public for the first time. Therefore, it is also called as New Issues market. It is the new issue market of shares, bond, debentures, right issues, etc. It is generally done through underwriting mechanism, under which the underwriters like commercial or investment banks take the risk of distributing securities.

Three important instruments of Primary Market are:

a)    Initial Public Offer (IPO): Under this, a company issues shares to the public for the first time. The money paid by the investors for new shares goes directly to the company and underwriter helps the IPO issuer in taking decision, related to the issues like Price or time of issue.

b)   Right issue and Follow on Public Offer / Further Public Offer (FPO): After getting listed on the stock exchange fresh equity can later be raised through Right issue or FPO.

Under right issue new shares are offered to the existing share holder in proportion to their share holding. Further Public Offer is open to all investor, whether new or existing.

c)    Private Placement: It also perform the sale of new shares. But under this, new shares are sold to big investors like Banks and other Financial Institutions. It can be done through two ways:

Pratiyogita Darpan February 2014 Magazine free download Read Online in Hindi and English pdf file

Pratiyogita Darpan one of the Best Magazine for competitive Examination like Bank PO, Clerk, RRB, RBI, SSC, Civil Services has published it's February 2014 Magazine.
The price of   English  version is Rs 70 & Hindi Version is Rs 70. You can read it online from the official website or you can buy it from the nearest book stationaries.

Issues of February 2014 Magazine:

पाँच राज्यों में चुनावोप्रान्त नई सरकार

लोकपाल विधेयक अधिनियमित हुआ

साहित्य अकादमी पुरस्कार 2013

मौद्रिक एवं साख नीति 2013-14: मध्य त्रैमासिक समिकशा

विश्व व्यापार संघटन का बाली सम्मेलन

चीन का मून रोवर चंद्रमा की सतह पर उतारा

मिस अर्थ व मिस इंटरनेशनल 2013

आईसीसी व  बीसीसीआई के क्रिकेट पुरस्कार 2013

Issues of February 2014 Magazine:

W.T.O Inks landmark  Pact

Cabinet Clears Constitutional Status for JAC

Supreme Court Reinstates Ban on Gay Sex

Afghan President Hamid Karzai’s Visit to India

Parliament Passes the lokpal Bill

Agni-iii Test – fired successfully

Chile’s Socialist Party Sweeps Polls

Nelson Mandela is no more

Political Crises in Thailand

Iran Sends Second Monkey into space

Europe Launches Satellite to map1 Billion Stars

GDP Goes up to 4.8% in Q2

RBI Keeps Key Rates Unchanged

CAD Narrows Down to 1.25 of GDP

Risk Management System Introduced in Export Sector

Tate SIA Airlines Limited Constitited

India and UAE Sign BIPPA

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Success Mirror Februrary 2014 Magazine free Download Read Online in Hindi and English PDF File

Success mirror, one of the Best Magazine for competitive Examination like Bank PO, Clerk, RRB, RBI, SSC, Civil Services has published it's Februrary 2014 Magazine.

The price of  both the English & Hindi version is Rs 20. You can read it online from the official website or you can buy it from the nearest book stationaries.

Issues of February 2014 Magazine:

1) अरविंद केज्रिवाल ने दिल्ली के मुख्यमंत्री पद की सपथ ली

2) छत्तीसगर मे रमन सिंह, मध्यप्रदेश में शिवराज सिंह, राजस्थान में वशुंधरा राजे बनी मुख्यमत्री 

3) सम्लैगिक सम्बन्ध अपराध: सुप्रीम कॉर्ट 

4) लोकपाल विधेयक, 2011 राज्यसभा एवम्‌ लोकसभा में पारित 

5) चीनी सैनिकों ने पूर्वी लद्दाख के चुमार में भारतीय कुलियों को पकड़ा

6) यूरोपीय संघ ने पाकिस्तान को जी.एस.पी प्लस का दर्जा दिया 

7) भ्रस्ताचार धारणा सूचकांक में भारत 94 वे स्थान पर  

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