mrunal economic survey_ list of correction in previous summaries.pdf

8/22/2014 Mrunal Economic Survey: List of correction in previous summaries

http://mrunal.org/2014/08/economic-survey-corrections-in-the-previous-articles.html/print/ 1/5

[Economic Survey] Corrections in the previous articles + Parting wordsbefore Qatl ki Subha

1. Correction in the Economic survey summaries2. No corrections3. Parting words4. Next order of business5. Updates from UPSC6. Updates from SSC

Correction in the Economic survey summaries

Last updated on Aug-22-2014 evening.

Ch4: measures of money supply

1. Banks receive more money in TIME deposits (FD, RD) than in Demanddeposits.(Current / Savings)

2. M3 less liquid than M2

Ch4: Inflation index theory

1. Consumer food price inflation (CFPI): base year is 2010.

Ch4: Inflation Current trends

1. HSBC releases the Purchasing Managers Index (PMI).

Ch8: Agriculture => El Nino

High SOI index => strong trade winds & La Nina. (Trick: High has an i henceLa N-i-na)Low SOI index => Weak trade winds & El Nino. (Trick: Low has an o, henceEl Nin-o)During El Nino year: warm water near Peru. (Visualize: El Nino is a terriblechild, he has put gas-heater near Peru coast, now fishermen cant put their feet.)

Ch9: PSU

National Investment fund (NIF)



75% proceeds should go for bogus Sarkaari schemes and 25% for PSU revival=that rule continued till 31st March 2013.But After that, NIF Money is used for following purposes

1. buying shares of CPSE to enture 51% sarkaari ownership2. recapitalizing sarkari banks and insurance companies3. Investing in EXIM bank, NABARD, Regional rural banks,4. Uranium corporation, Nabhikiya Vidyut Nigam5. Metro projects and Indian railways capital Expenditure.

And Government budget will decide where to spend money among these sectors.For Budget 2013, NIF money was spent on Bank recapitalization and Indianrailways.

Ch11: Coal gasification

NELP total blocks 93India is largest producer of Guar gum. But due to heavy imports from USshalegas companies, its prices have increased by ten times within a year (2011-12). Thus shortage for domestic industry- who cannot keep up with the pricesoffered by American importers.

ch11: petrol diesel

CPCL Manali refinery is in Tamilnadu (And Himachal)

ch11: PPP challenges

DMIC will pass through 6 states- Haryana, Delhi , Uttar Pradesh, Rajasthan,Gujarat and Maharashtra. PIB-April-2007AND Madhya Pradesh as well. Commerce Min. July 2007

Ch12: Forest Survey report

Forest cover increased between 2011 and 2013.

Ch12: Sustainable Development

4 crore Indians dont have electricity in their homes; and 8 crore still usefirewood for cookingCorrect spelling of the name: Brundtland commission

Ch13: HDI calculation

Old HDI had indicators of adult literacy rate and GER as it componentsbut in the new HDI (post 2010) these two components have been replaced byMean schooling years and expected years of schooling.



Ch13: Poverty estimation

Tendulkar method counts Expenditure in food, education, health and clothing.(and NOT just food).

Ch13: Women and child

MMR: no of mother deaths during or after within 42 days of birth.

Ch13: Minorities and PH

India has ratified Marrakesh treaty.

Ch13: Minorities and PH

Delhi is the most populous city of India.

No corrections

Some readers had said xyz thing is wrong. But Ive not changed it because of followingreasons:

1. 2011: Maharatna was rule involved annual turnover 20000 crore but as per PIB-2013 it is 25000.

2. Pharmacy doesnt require industrial license. Because IYB 2014 page467 listsonly five categories- pharmacy is not one of it. Im unable to find any latestupdate that pharmacy/pharmaceutical was added

3. Ackwarth Committee gave report in 1921 but they started separation of railbudget from 1924-25. Ref: official site of railways

4. Gini coefficient: 0-equality, 1-max inequality.. Larger the higher ginicoeffiicent, bigger the inequality. because Economics Roger A. Arnold, page 664

5. Green Energy corridor: Intra-State grid upgradation would be taken up byPowerGrid, while the inter-State network would be developed by Stateutilities. ref: Businessline May 2013

Parting words

1. DONT keep awake the entire night before exam. Because whatever you cramthere, nothing comes from it in prelims. (- From Years of self-experience.)

2. GS: Never tick answers on GUT FEELING. Last year cutoff was 241. Many(sincere) candidates failed, their score was in the range of 239-240. Means, evena single mark lost in penalty, can change your result.

3. DONOT COUNT Number of attempted circles, after every 15-20 minutes.It creates unnecessary pressure on brain and forces you to take bigger risks onGUT FEELING.

4. Polity a slight change of phrase from shall to may, can change the meaning.Dont take read statements casually, observe each word then mark answer only if



youre 100% sure.5. In the multiple-statement question, Sometimes they ask you to find Correct

statements, sometimes they ask you to find incorrect statements. SOCarefully read instruction, what youve to find out. Otherwise, in your head youdsolve correctly but youll mark wrong answer.

6. For point#5: ALWAYS use elimination method. First strike out the ineligiblestatements and the answers that have such statement combos (e.g. only 2 and 3correct). Itll greatly reduce the chances of mistake and trap MCQs.

7. Aptitude: Dont waste time in sitters. If a sum takes too much time, then moveto next question. A comprehension SET should be solved at once. If you cantsolve 1-2 MCQs within that set, then dont come back for it later on. Otherwisemore chances of pushing luck through GUT FEELING and time wasted for re-reading the entire passage again.

8. DONOT USE WHITENER in OMR sheets. It creates problem while computerscans the paper.

9. MUST bring Wrist watch. Otherwise how will you know youre wasting toomuch time on sitter aptitude question or comprehension passage?

10. MUST bring an exampad. Some Sarkaari benches have fractured surfaces,sometimes not wide enough to even put question paper.

11. MUST tick answer using Black pen only.12. After Exam is over: Dont waste time in cutoff speculation. Every year,

hundreds of people clear UPSC despite having lower scores than the (unofficial)cutoff predicated by forum-gurus and coaching babas. There is alwaysdiscrepancy of minimum 5-6 questions between official and unofficial answerkeys (mine included). And like I showed in point#2: people miss the mains-ticket even by one mark. So, cutoff talk is for kids, not for real players.

13. Instead, analyze the paper yourself- what was the source of the question? Didyou have that book/XEROX/electronic source before exam? If yes, did you tickthe right answer? What were the positive aspects and shortcomings in yourpreparation?

14. Because there are ~1200 vacancies, this site has >60,000 subscribers. Majoritywill have to re-appear prelims next year. Lord Curzon will release this yearsOFFICIAL answerkey & cutoffs somewhere in 2015 (once the entire prelim-mains-interview-final result cycle is over).

15. At that time (2015) youd have forgotten, what exactly had happened in the

battlefield on 24th August 2014. Therefore, you must self-analyse the paper andperformance immediately after prelim is over & tweak the booklist-strategyaccordingly for future.

16. Once this analysis exercise is over, resume Mains preparation, SSC Tier-2(2013), SSC Tier 1(2014), IBPS-2014, CAT-2014, CDS or any other examyoure preparing for. Never sit idle, youre in a warzone.

Next order of business

From my side, after prelim is over:



1. Unofficial answerkeys for CSAT and CAPF. Ill release them at my pace over aspan of 1-2 weeks. Im not competing with any coaching classes for whoreleases the answer key first? Haste makes waste.

2. After that, Ill take a break from writing for 2 weeks, to fix some long pendingfinancial issues, house repair work and server upgrade.

3. Then, Ill resume from the remaining chapters of Economic survey and [Current]series from where I had left.

So, best wishes to All ONLY Serious players. This is the last article Im publishingbefore .

Updates from UPSC

1. Visually challenged candidates will get 40 minutes extra in each of the paper.(earlier only 20 minutes) UPSC implemented this after SC order. LINK.

2. UPSC confirmed DoPTs directive that English questions (those 8-9 easy MCQsabove decision making section), will not be counted in Civil service exam.Although silent on IFoS. LINK

Updates from SSC

Recall that in SSC CGL-2013 Tier 1 RE-exam, they passed some candidates at lowercutoff for Tax assistant post. SSC has published the list of those candidates:http://ssc.nic.in/press-release/ROLL_L2_19_08_2014.pdf

URL to article: http://mrunal.org/2014/08/economic-survey-corrections-in-the-previous-articles.html

Posted By Mrunal On 22/08/2014 @ 20:20 In the category Economy

mrunal economic survey_ list of correction in previous summaries.pdf

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