[ Official ] How was the Prelims 2021 paper?

sunnyleonysaid

sunnyleonysaid

Banker of the Governments and Banks (known also as the Related Functions): It
includes three category of functions— firstly, performing the Merchant Banking
functions for the central and state governments; secondly, acting as their Bankers; and
thirdly, maintaining banking accounts of the SCBs (scheduled commercial banks)—
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domestic, foreign, public and private— operating in the country. The broad objectives are
enabling governments and the banks mobilise enough liquidity for their functioning
under which it lends or manages borrowing plans of the governments and provides shortterm
and long-term loans to the banks (as Lender of Last Resort).

RBI LENDS GOVT ALSO, RAMESH SINGH BANKING CHAPTER, AS LAST RESORT

ALL ANSWER KEYS R WRONG, GET READY TO HEAR AGAIN

" MEREE 110 AA RAHE THE AS PER SANKAR, DRISTI, PAR PATAA NAHI KYA HUAA"

"MERRA 80 AA RAHA THA BUT QUALIFIED"

IN JUNE WHEN RESULTE COME

"OH! NO, I WAS GETTIING 120 AS PER SANKAR, VISION, VAJI, INSIGHT, PAR UPSC GAVE ME 70 "

PLEASE SOLVE PAPER WIITH GENERAL MIND SET

CHECK ANSWER KEY WITH GENERAL MIND SET

PLEASE DO NOT RELY ON COACHING INSTITUES, THEY R MAKING FUN OF YOU,

toooldtodieyoungsaid

@sunnyleony just suggesting a possibility that maybe the Lender of Last resort in the brackets is intended only w.r.t the the immediate preceding term i.e. long-term loan to banks.

oopsiesaid

Qwertiesaid

For banks RBI is the lender of last resort.. No doubt. But I can't think of fin ministry & nirmala sitaraman printing huge 💰 to escape tough times like covid. Monetary functions of govts are delegated to central banks. Even in case of gareeb central govt rbi MUST be there, at least technically. Going by rigid textbook definitions only banks should be ans 

RBI does not "lend" to govt except as ways and means advances. But that is for a different purpose, not as a last resort or something

RBI can print money and buy govt bonds. But I don't think buying bonds qualifies the definition of lending

toooldtodieyoungsaid

a bit late to the discussion but i am curious if people even actually felt the paper was tougher than last year, as the cut-offs of most institutes is 90-95 i.e similar to last year. ALso all the answer key discussions on youtube have the teachers itself getting confused/having alternating opinions but at the same time mentioning that the cut-off could be marginally higher than last year. What am i missing, there seems to be some disconnect. 

toooldtodieyoungsaid

@oopsie maybe ..... but I would expect their estimates to be backed up by some survey of marks of their students. 

Personally i don't like it when some coaching institutes say there were 45 odd easy question and thus cutoff would be around 90 ... This is very similar to saying that the poverty line is at 20 odd Rs/day simply because they can by rice and dal within 20 rs. Easy/Difficult/Moderate is a bit more nuanced. Anyways this is just a vent, maybe as i feel out of my depth to confidently say i can score >100 in this kind of a paper regardless of my preparation. 

toooldtodieyoungsaid

@Qwertie nah bro ... stuck on the border .. in fact the lower end of the predicted cutoffs .... and as luck would have it am on the minority side of most of the confusing questions ... but what bothers me is even if i would have had the perfect attempt i.e excluding the few silly mistakes i don't see myself scoring above 100 comfortably if the controversial questions don't go my way. Thus the constant question in my head is "Topper Janta kar kya rhi hain ! "

leftfaithinmyselfsaid

@assistant yes that's true. I truly believe state civil service is better than iis or its

sleeplessnights89said

Also why Black Cotton Soil is not featuring in disputed list:- I was for fissure volcanic rock but Black soil can also have granite and schist as parent material! any takes?