RBI Grade B DEPR 2023 | Do you only refer to the books suggested by RBI ? | By Aditi Agrawal
Summary
TLDRThis video script advises students on the best strategy for competitive exams, emphasizing completing topics over books. It recommends specific books for various subjects like Microeconomics, Macroeconomics, International Economics, Public Finance, and Econometrics, suggesting students review prescribed books by RBI to ensure no topics are missed. It also highlights the importance of understanding the Indian economy through documents like the Economic Survey, Union Budget, and RBI reports, and encourages using mock tests and previous questions for practice.
Takeaways
- 📚 Focus on completing topics rather than just finishing books to excel in competitive exams.
- 📅 The exam is scheduled for July 16th for phase one and September 2nd for phase two, with four papers in total.
- 📚 A detailed reading list has been released for the examination, but it's not mandatory to stick only to those books.
- 📘 For Microeconomics, Varian is recommended for Consumer theory, and Nicholson is more mathematically inclined.
- 📘 For Macroeconomics, Mankiw and Bhagwati are good choices, but covering topics from other sources is also acceptable.
- 📘 Salvatore's book is highly recommended for International Economics, but if preferred, one can use Krugman as an alternative.
- 📘 Musgrave and Stiglitz are suggested for Public Finance, but one can also refer to other books for a comprehensive understanding.
- 📘 For Growth and Development, Devraj Ray is excellent for understanding models, but other sources like ML Jhingan are also acceptable.
- 📘 Mathematical Methods in Economics by Deseran and Bloom is great for practice, and AC Chang is another recommended book.
- 📘 For Econometrics, Gujarati's 'Basic Econometrics' is a solid choice, and the 'Essentials' version is also a good option.
- 📘 For Statistics, solving questions from SC Gupta is beneficial, and a strong grasp of the subject is more important than the book itself.
- 📘 The Indian Economy section includes important documents like the Economic Survey, Union Budget, and RBI reports, which should be thoroughly reviewed.
Q & A
What is the main strategy suggested for preparing for the RBI examination?
-The main strategy suggested is to focus on completing the topics rather than the books. This is considered the best approach to excel in any competitive examination.
What should be the approach if a student has been using books other than those prescribed by RBI?
-Students can continue using the books they have been studying and then skim through the prescribed books by RBI to ensure they haven't missed any important topics.
Which book is recommended for the Consumer theory part in Microeconomics?
-Varian is recommended for the Consumer theory part, as it is also prescribed at Delhi University.
How should a student approach the study of International Economics for the RBI examination?
-Salvatore's book is highly recommended, but if a student prefers, they can refer to Bookman and then go back to Salvatore to check for any missed topics.
What are the recommended books for Public Finance in the RBI examination preparation?
-Musgrave and Musgrave and Stiglitz are the two very good books recommended for Public Finance. Students can study theories from one and then refer to the other to ensure no important topics are missed.
What is the significance of the Economic Survey, Union Budget, and RBI reports in the context of the Indian Economy section?
-These documents are very important as they provide insights into various trends and developments in the Indian economy and are often referred to in past examinations.
What is the recommended approach for studying Mathematical Methods in Economics?
-Designer and Bloom's book is recommended for its practice questions, and AC Chang's book, which is prescribed in Delhi University, can also be used for a more advanced study.
How should a student prepare for Econometrics given the two versions of 'Essentials of Econometrics' by Gujarati?
-If a student has covered the basic version, they are in a good stage of preparation. Alternatively, they can look at the essential version for a more concise study.
What is the importance of Statistics in the RBI examination preparation?
-SC Gupta's book is recommended for its practice questions, and if a student has been solving questions from it, they are well-prepared. A strong hold on different topics is emphasized over the number of books.
What additional resources are available for students preparing for the RBI examination?
-Mock tests, previous question discussions, and important topics are available on the provided website. Students can also download a memory-based paper and a preparation guide from the description of the video.
How can students get in touch for further queries regarding the RBI examination?
-Students can call the provided number or email for any other queries regarding the exam.
Outlines
📚 Recommended Books and Strategy for RBI Exam Preparation
This paragraph discusses the importance of focusing on completing topics rather than just reading through prescribed books for the RBI examination. It suggests that candidates should continue with their current study materials and then skim through the books suggested by RBI to ensure nothing is missed. It emphasizes the strategy of mastering the subject matter over merely completing the books. Specific books are recommended for various subjects, such as Varian for microeconomics, Mankiw for macroeconomics, and Salvatore for international economics, among others. The paragraph also mentions the importance of staying updated with current economic trends and reports, such as the Economic Survey and Union Budget.
📘 Comprehensive Guide to RBI Exam Study Materials
The second paragraph provides a detailed guide on the study materials for the RBI exam, including books for specific economic topics and additional resources like the Economic Survey and Union Budget. It advises on the use of various books for different economic models and theories, such as Devraj for growth models and Musgrave for public finance theories. The paragraph also covers the importance of practicing mathematical methods in economics and econometrics, recommending specific books like those by设计师 and Bloom for practice questions. It concludes with advice on using mock tests and previous question discussions available on the channel for better exam preparation.
📞 Additional Resources and Contact Information
The final paragraph, although not containing substantial content, implies the availability of further assistance for exam preparation. It suggests that there are additional resources such as a memory-based paper and a preparation guide that can be accessed through the video description. It also provides a contact number and email for those who have queries regarding the exam, ensuring that candidates have support throughout their preparation journey.
Mindmap
Keywords
💡Subscribe
💡Bell icon
💡RBI
💡Microeconomics
💡Macroeconomics
💡International Economics
💡Public Finance
💡Economic Growth and Development
💡Mathematical Methods in Economics
💡Econometrics
💡Indian Economy
Highlights
Subscribe to the channel and press the Bell icon to receive notifications for upcoming videos.
The video discusses recommended books for the RBI exam, emphasizing sticking to the suggested books or continuing with the ones you have been using.
The exam is scheduled for July 16th with phase one and phase two on September 2, featuring four papers.
A detailed reading list has been released for the examination, prompting the question of whether to stick to the prescribed books or refer to others.
The speaker recommends focusing on completing topics rather than books to excel in competitive exams.
Students can clear the exam without going through every prescribed book, by focusing on topics and skimming through books for completeness.
For Microeconomics, Varian is recommended for Consumer Theory and is also prescribed at Delhi University.
Hal Varian and Nicholson books are suggested for Producers' problems, with Nicholson being more mathematical.
Macroeconomics preparation should include books by Mankiw and Bhagwati, which are prescribed by Delhi University.
Salvatore's book is recommended for International Economics, with Goodman as an alternative.
Public Finance preparation should include Musgrave and Stiglitz's books, focusing on theories of public expenditure.
Economic Growth and Development can be studied using M.L. Jhingan, which concisely describes different theories.
Devraj Ray's book is recommended for a detailed study of economic models like the Harrod-Domar model.
Mathematical Methods in Economics can be studied using Deser and Bloom for practice questions, and AC Chang for advanced topics.
For Econometrics, Gujarati's 'Basic Econometrics' is recommended, with the 'Essentials' version also being a good choice.
Statistics preparation should include solving questions from SC Gupta, which provides ample practice.
The Indian Economy can be studied using the Economic Survey, Union Budget, and RBI reports, which are crucial documents for the exam.
Mock tests and previous questions are available on the website to help understand the examination format and practice.
A memory-based paper and preparation guide are available for download to assist with exam preparation.
Contact information is provided for any further queries regarding the exam.
Transcripts
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um so in this video I am going to
discuss about the books that you really
need to refer you may need to refer the
book suggested by RBI stick to them or
you can continue resting the books that
you have uh so far been doing for this
examination we want to visit what should
because this time uh the exam is on July
16th phase one and phase two will be
held on September 2. next and there will
be four papers now this time we have
released a detailed uh reading list
reading material for you to refer for
the examination so should you only stick
to those books or you can refer other
books as well this is the major question
a lot of you have been asking now I
would always recommend and I like I
always I say your focus should be on
completing the topics and not the books
this is the best strategy to Ace any
competitive examination okay books are
prescribed everywhere in most of the
examination in RBA 10 rewards so that
doesn't mean that you every student goes
through each and every book that is
prescribed by the board in order to
clear the examination there I have these
students who can still clear the
examination without referring all the
goods in from cover to cover all you
need to do is that you can go on
continue recording the books that you
have so far been doing and the next step
would be once you cover that particular
topic is skim through these books
irrespective books that have been
prescribed by RBI in order to check that
you haven't missed anything
if that should be the strategies and
this is that issue in order to clear it
I'll go one by one so for microeconomics
as I also always recommend that Varian
is very good for Consumer theory part
and this is also prescribed at Delhi
University for consumers property for
producers problems Hydra and Nicholson
is uh prescribed and this Snyder
Nicholson is more of a mathematical kind
of a book in nature but even if you
haven't been studying for this even if
you have one particular book that has
been that is still fine and you've done
the workouts thing you are already in a
good stage for your examination in other
books that written here is
what you can do is you can complete the
topics from this book and let's jump
through the topics uh from these two
books to see if you haven't missed
anything Dutch people strategy and then
you'll be in a good position to write
the examination then for macro notes all
these two books for sure and Oliver
Branch are these are prescribed by Delhi
University version is a very good books
but even if you have been covering your
topics from fraud or HLA then also it's
fine because
it has covered
national income topics in uh very much
detail and foreign
[Music]
how classicals came and
after that calculations and the
different schools of thought came into
being one after the 14 of thought
what changes were seen and what were the
drawbacks in each of us to the thought
and how they evolved all of this is very
well explained in this book the
international economics we always
recommend salvators Agro is the best
book to cover this but groupmen is also
one of one good book if you don't like
Salvatore it's fine you can refer
Bookman and then come back to Salvatore
to stream through the topics in case you
missed anything Public Finance yes he's
Musgrave and Musgrave and
stiglids these are two very very good
books Musgraves you can again what you
can do here is you can do the theories
of public expenditure and everything
from one of the books and skip to the
other two so that you do not have uh I
haven't released you know earlier Public
Finance a lot of questions from current
uh Union budget and all of these were
asked under this topic now this time we
have also mentioned the theories that
they are able to test you on so yes you
can have a look at this
in one of the books and prepare well you
can refer your the book that you are
most comfortable with and they'll come
back to these prescribed books and to
see if you have missed any important
topic
and growth and development yes a lot of
people refer ml jhengan because it has
described different theories in just two
to three pages that is still fine but
devraj Ray is very good if you want to
read the Harry Doman model this
all these models are very well described
in devraj the Harris model also so after
completing this um
even if you can't pick up these other
two books I would definitely ask you to
have a look at Deep rajas to see these
different models
then mathematical methods in economics
designer and Bloom this particular book
has a lot of questions for
you to practice
on the questions uh practice because
this will give you a lot of uh back
questions that you can practice and yes
AC Chang uh is one good book that is
also prescribed in Delhi University and
uh another book that is described with
later and have so most people have
visited and have it but even if you
haven't uh referred situation
environment you can cover the topics
from the floor
this is a very more advanced level book
for econometrics for basic econometrics
um Gujarati is the best book is that
Essentials of economy has two versions
one is the basic and the other is the
essentials you can have a look at the
essential uh version also because this
is written together by Gujarati in water
and
so mostly the things that are saying if
you've covered basic then after you are
at a good stage in your preparation
right then statistics
that RBA has prescribed but if you have
been solving questions from receipt then
also it is fine it's important to have a
strong hold on different topics rather
than have a stronghold on the different
books prescribed again I'm reiterating
the same thing so because SC Gupta gives
you a lot of questions to practice so
this is again uh still
um fine the Indian economy these are the
things that RBI has listed economic
survey as you've already been covering
have already been uh covering the union
budget is a very too important
documents that you must go through and
RBI reports is also uh generally asked
in the past examination or the financial
stability report monitor policy reports
anyway have to do uh through these uh
things so again there's nothing much
additional that you have to do just that
now you have listed down these things
for you so now once they listed down it
becomes are too much for anybody who
sees it at a first glance but now if you
dive into deeper you will realize that
it's almost the same nothing much that
they have uh added
then also it's fine you can skim through
the pages of Uma caterpillar to see if
you haven't missed anything but we're
trying to use also very good for you
know Indian egg and India development
report
okay this will give you various Trends
in the Indian economy in the development
of assignment which you can also have a
idea from it you can pick survey too so
accordingly you need to strategize your
preparation try to focus on finishing
the central topics and not the books
that should be the main rule that if a
question comes let's say from
agriculture or let's say from services
do I have enough material to write and
answer whatever kind of questions come
from these two sectors do I know any
sectors in and out the development brand
the data how the growth spreads
everything
so that should reports
you can have a look at the mock test on
our website also to get an idea with
examination
and in the same playlist you will find
various previous question is discussed
and various important topics also
discuss you can download the memory
based paper from the description video
and also the preparation guide is also
available if you have curated to
preparation guide for your upcoming
please you can have a look at that from
the description also
and you can check out the course if you
like to if you have any other queries
regarding this exam you can call us on
this number or you can email us thank
you
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