As an aspirant, you must understand what to read and what not.

Just 4 lines were mentioned about NPS in the newspaper. For that, we have to cover the entire scheme and this is what exam demands.

NPS data mentioned therein was not important, but the scheme is important. It is covered in pinned video

Happy Learning Guys,

Still many of yours answer are incorrect.

Kindly get that right.

Watch the video, learn, and improve your knowledge

Every efforts would be useless, if you are not doing the hard work.

Thanks,
Rahul Kopulwar

✅ Daily The Hindu Vocabulary | 26.11.2023


1. SUPERVENE (VERB): (पीछे आना): Follow 
Synonyms: pursue, supersede 
Antonyms: retreat, precede 
Example Sentence: Team members supervene their leaders. 


2. DRACONIAN (ADJECTIVE): (कठोर): Harsh 
Synonyms: cruel, oppressive 
Antonyms: easy, gentle 
Example Sentence: Your master is a draconian man. 


3. DAWDLE (VERB): (समय नष्ट करना) :Waste time 
Synonyms: loiter, procrastinate 
Antonyms: hasten, hurry 
Example Sentence: The teacher warned the student that he will be punished if he dawdled again. 


4. PILLAGE (VERB): (लूटना): Plunder, destroy 
Synonyms: ravage, ransack 
Antonyms: protect, construct 
Example Sentence: The terrorists pillaged the city. 


5. NOXIOUS (ADJECTIVE): (हानिकारक): Deadly, injurious 
Synonyms: destructive, harmful 
Antonyms: helpful, kind 
Example Sentence: This is a noxious chemical. 


6. PERSPICACIOUS (ADJECTIVE): (तीक्ष्ण-बुद्धि) :Observant, perceptive 
Synonyms: alert, aware 
Antonyms: ignorant, unobservant 
Example Sentence: The CID officers are always perspicacious with their case. 


7. FERVENT (ADJECTIVE): (उत्साही): Enthusiastic 
Synonyms: zealous, ardent 
Antonyms: apathetic, dull 
Example Sentence: He is a fervent child. 


8. FITFUL (ADJECTIVE): (चंचल): Spasmodic 
Synonyms: intermittent, fluctuating 
Antonyms: continuous, perpetual 
Example Sentence:As long as his breathing is fitful, he will continue to need an oxygen machine. 


9. FLOUT (VERB): (अवज्ञा करना): Show contempt for 
Synonyms: defy, disregard 
Antonyms: honour, praise 
Example Sentence: One should not flout the traffic rules. 


10. FEASIBLE (ADJECTIVE): (व्यवहार्य): Practicable 
Synonyms: possible, doable 
Antonyms: impossible, implausible 
Example Sentence: This seems to be a feasible solution.

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Fresh Offline batch for SBI Clerk 2023

We are starting a fresh batch for all Aspirants.

Timing - 11 am

#NotYourJamesBond #Bonds-A Market Instrument

Relation of Bond Price, Interest rates and bond yield 👇

1. What is a Bond?
Ans: Bond is a piece of paper (security) that is issued by entities to borrow money from investor.

Ex: Reliance is planning to take loan from Rahul. What Reliance has to do?
Reliance has to give Rahul some kind of paper which mentions that Rahul gave Reliance "X" amount and He will get "8%p.a." and Rahul will get his entire amount back after "2 years"

Such kind of things which are written on the piece of paper is known as *bond*

Simple? Damn, Yes.

2. What is the Face Value of a bond?
Ans: The value that is written on the bond, which means that this value will be return to you after maturity.

Ex: Reliance issues a bond of Rs. 100. This 100 is a face value of Bond.

*Remember*, Face Value of a bond and Price of bond is different thing. Kindly read next point.

3. What is the price of a bond?
Ans: The price at which Rahul buys the bond *(Price of the bond is related to investor (Rahul))*

See, The face value of a bond is Rs. 100. But, you can get it At Rs. 100, less than 100 Rs. Or more than 100 Rs. *Whatever Price depending on the market conditions*

If Reliance bond doesn't have demand in the market, it will surely sell you below 100 Rs. Consider as 90 Rs.

So, this 90 Rs is what bond price.

4. What is the return on a bond?
Ans: The interest rate that Rahul gets on a bond. *Remember Rahul gets interest rate on the face value of a bond*

*Ratta Maroge?
Nahi, Bilkul Nahi!!*

You take a loan from the bank, then at what amount you give the EMI?
- i.e. on Principal (The amount that you borrowed)
*Principal=Face Value of a bond*

Ex: 100 Rs was the face value of a bond (in Example). The interest rate that you get here is 10%.

Therefore, your return becomes= 10% of 100= 10 Rs.

Return= Interest Rate on a bond.

5. Sir, what is yield?
Ans: Yield is what Rahul makes a profit from the bond.

*How do you calculate a profit*
- On the cost price. Right? Yes.

Thus, Consider two scenario:
A. You bought the bond at 90 Rs but the Face value of a bond is 100 Rs.

Already told you Interest rate(8%) is calculated on a face value.
Therefore, return= 8% of 100 = 8 Rs.
Yield = 8 Rs/(Cost Price Or Bond Price)
Yield= 8 Rs/90= *8.89%*

B. You bought the bond at 110 Rs but the Face value of a bond is 100 Rs.

Yield= 8/110= *7.27%*

What are you seeing here?
*Bond Price is inversely proportional to yield*

*In simple terms, jitne saste rate pe bond kharidoge, utna jyada apko benefit hoga*

6. Is banks deposit interest rate impact bond yield?
Ans: Yes.

How?
Ex:
A. Bank deposit interest rate: 4%
B. Bank Deposit Interest Rate: 2%

When will you attract towards bank deposits?
*Obviously A*

See, When the *interest rate* in *deposits decreases*, large amount people move to *invest in the bonds*, which means *demand of the bond increases* (and supply being constant).

then what will happen?
- Obvious, when the demand increases, *price toh badhti hai koi bhi chiz ki*

Thus, *when demand increases,* price of a bond increases`` *_which means yield decreases._* (proved the relation of bond price and yield above)

So,
1. Interest Rate is *inversely* proportional to bond price
2. Interest Rate is *directly* proportional to yield
3. Bond Price is *Inversely* proportional to Yield.

Hence Proved

If you didn't understand while reading this, watch my today's session. It's explained there in today's business standard newspaper analysis.

Thank You,
Rahul Kopulwar

Have you watched yesterday’s Mains Quant session???

Do you want one more video before exams as well.
So let me know I will plan on Wednesday or Thursday another marathon session

Daily The Hindu Vocabulary | 28.11.2023


1-EPIDEMIOLOGIC (ADJECTIVE) : Pertaining to epidemiology, which involves the study of the patterns, causes, and effects of health and disease
conditions in defined populations.
Synonyms: health-related, population-based
Antonyms: individual-focused
Sentence: The epidemiologic investigation revealed a significant increase in the incidence of a rare disease in the local population.

2-STRIKING(ADJECTIVE): Attracting attention or notice due to being unusual, remarkable, or impressive.
Synonyms: eye-catching, notable, conspicuous
Antonyms: Ordinary, unremarkable, commonplace
Sentence: The artist's striking use of color and form captivated everyone who entered the
gallery.

3-OUTPATIENT(NOUN): A patient who receives medical treatment without being admitted to a hospital.
Synonyms: Ambulatory patient, day patient
Antonyms: non-admitted, non-residential
Sentence: The new clinic specializes in outpatient care, providing medical services to individuals without requiring them to stay overnight in a hospital.

4-CRUX(NOUN) : The central or most important point; the essential or decisive element of something.
Synonyms: Core, essence, heart, nucleus, key point
Antonyms: Periphery, fringe, superficiality
Sentence: The crux of the matter was that effective communication was necessary for the
success of the project.

5-TENET(NOUN) : A principle or belief, especially one of the main principles of a religion or philosophy.
Synonyms: Doctrine, dogma, principle, belief, creed
Antonyms: Heresy, disbelief, dissent
Sentence: The tenet of the organization is to promote equality and social justice for all members of the community.

6-RECONVENED(NOUN): To convene or assemble again, especially after a break or adjournment.
Synonyms: reassembled, regathered

Antonyms: Adjourned, dispersed, disbanded
Sentence: After a short recess, the meeting reconvened to discuss the remaining agenda
items.

7-PROROGUED(VERB): To discontinue a session of a legislative body without dissolving it; to temporarily suspend or postpone.
Synonyms: Postponed, suspended, deferred, adjourned
Antonyms: Convened, resumed, continued
Sentence : The parliament prorogued its session due to unforeseen circumstances, with plans to reconvene in a month.

8-DIVESTED(ADJECTIVE): To strip or deprive someone or something of certain attributes, possessions, or characteristics.
Synonyms: dispossessed, unloaded, sold off
Antonyms: Endowed, invested, adorned, retained
Sentence: The company divested itself of noncore businesses in order to focus on its primary
strengths and improve profitability.


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