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Does RBI Print Currency keeping Gold as Reserve? | Israel Jebasingh IAS | Officers IAS Academy

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Officers IAS Academy - India's Only IAS Academy

Officers IAS Academy - India's Only IAS Academy

Күн бұрын

Israel Jebasingh is an Indian educator and a former Indian Administrative Service (IAS) officer who served in West Bengal. He is currently the director of the Officers IAS Academy, Chennai and also teaches Economy.
Officers IAS Academy is the de-rigueur UPSC coaching institution if one is determined to reach LBSNAA. Here, we are driven by an enduring purpose, “Create Better Civil Servants”. We are the Top IAS Academy because we are founded by former Civil Servants who are passionate about shaping you to provide a better future for our proud Nation. Our “Kendraka” or nucleus combines a “Dream Team” faculty, Precision Delivery of the syllabus, a rigorous schedule, a unique mentoring program ‘Hansei’ and a proven pedagogy. Collectively this ensures our students have the experience and confidence to crack the exam.
Officers IAS Academy is the best IAS Academy in Chennai because we perspire to help achieve what you aspire to. We will make your Himalayan dream of joining the Civil Service a reality. Start climbing with us hand in hand and we will make you realize that it is like any other mountain if you climb systematically. We will make your journey to IAS as simple as possible.
#israeljebasingh #rbi #currency

Пікірлер: 171
@Oberoy248
@Oberoy248 3 жыл бұрын
7:53 for those who are impatient like me
@DhruvSoni-lb7nf
@DhruvSoni-lb7nf 3 жыл бұрын
Thanks buddy 😂😂🙏
@jasminekengar709
@jasminekengar709 3 жыл бұрын
👏👏👏👏
@sauravdebnath3799
@sauravdebnath3799 3 жыл бұрын
Thanks Vishnu 🙏
@praveesh2741
@praveesh2741 2 жыл бұрын
Thanks much buddy.
@nabh_agrawal
@nabh_agrawal Жыл бұрын
thank you so much buddy 😂🙏🙏
@Humannnn98
@Humannnn98 3 жыл бұрын
Sir you explain so well🙏I didn't have to even rewind😀.Felt like I'm a kid of kindergarten and you're explaining me in real
@jayeshbmehta
@jayeshbmehta Жыл бұрын
The best part of your content is you are able to explain the complex concepts in utmost simplified manner. That’s really great quality of your teaching 👍
@anshulsingh3217
@anshulsingh3217 3 жыл бұрын
I was searching for these questions since decade I guess.. Thank you sir for a lovely explanation.. Thank you so much
@piyushgupta1811
@piyushgupta1811 2 жыл бұрын
I watched over 20+ videos but couldn't understand anything....thanks sir! Wonderfully explained!
@narens896
@narens896 4 жыл бұрын
I always had confusion on these subject. I got a rough overview, Your session's are simple and easy to understand.Thanks a lot for the initiative.
@er.abhisheksingh775
@er.abhisheksingh775 Жыл бұрын
What will happen when RBI start printing less money as compared to present. If RBI want to appreciate value of rupee. Does it possible by printing less rupee?
@maths6525
@maths6525 3 жыл бұрын
simply he explained....Great man ..wheras most of others make it complicated
@Studystream_41
@Studystream_41 4 жыл бұрын
Explaination was too good sir
@jkhelpingsquad1942
@jkhelpingsquad1942 3 жыл бұрын
Sir i appreciate ur style of explaining the the concepts in a more simple way and to the best understanding of the students
@mradulbhardwaj4134
@mradulbhardwaj4134 3 жыл бұрын
*RBI* _currency_ print kar ka logo ko kesa date ha ??
@ayanban512
@ayanban512 3 жыл бұрын
What is GDP projection is downwards like now? What will be the printing process then?
@bikramkumarsahoo9789
@bikramkumarsahoo9789 4 жыл бұрын
Sir, everything you made crystal clear. A very hearty thank you...
@srinivasansridhar8400
@srinivasansridhar8400 4 жыл бұрын
Please explain about tamilnadu deficit and budget
@somashekarmashae8601
@somashekarmashae8601 4 жыл бұрын
Sir can you please talk about CAA and NRC in detail. 🙏🙏
@monikabhalla7986
@monikabhalla7986 4 жыл бұрын
Also Sir, what will happen if the predicted GDP or predicted 'Production of Goods and Services' for next year is not met. For example, RBI printed 225 lakh crore for the year as per prediction but on year end, it was found that the Production went only for 200 lakh crore. For example, in the current pandemic situation (COVID-19), most of Industries are closed. What will happen in that scenario ?
@ishfaqqayoom2305
@ishfaqqayoom2305 2 жыл бұрын
Inflation , deflation according
@harshitasabhlok
@harshitasabhlok 2 жыл бұрын
sir then what does promise clause in note signify? what we will get in return of the note?
@vigneshwaranmuthukumar42
@vigneshwaranmuthukumar42 6 ай бұрын
It's really informative! Thank you so much sir...
@nagarjunayangala403
@nagarjunayangala403 4 жыл бұрын
Excellent sir.. please make more videos on economics and public administration. Happy Christmas sir. May God bless you ,your family and officer's IAS academy.
@faaiznazim6199
@faaiznazim6199 3 жыл бұрын
Sir if GDP determines the currency, then what is the need for keeping some reserve dollar and gold in central bank?
@donotbebiased6987
@donotbebiased6987 3 жыл бұрын
dollar is hard currency if we want to import from china or other country we have to give them dollar not yen
@silvinremedios7347
@silvinremedios7347 2 жыл бұрын
THE BEST EXPLANATION I HAVE EVER GOT....YOU ARE A GENIUS SIR
@JolwinDias
@JolwinDias 3 жыл бұрын
Sir. Can u also explain in brief about rothschild.. how federal reserves is run by private people
@akshaym446
@akshaym446 3 жыл бұрын
Woh video youtube pe reh payega.. U think dost?
@furtherishere7568
@furtherishere7568 Жыл бұрын
How loans from aboard used by indian government ,can india print money by keeping foreign currency as reserve ?
@dekhun6805
@dekhun6805 4 жыл бұрын
Sir right now the gdp is projected to undergo slow growth. Why then is the RBI pumping currency in the economy? Would it not increase inflation?
@newdawn2759
@newdawn2759 4 жыл бұрын
It will increase inflation. That's why shutting down country's economy is dangerous for such long period. Most people in India don't understand the consequences of lock down. I hope people don't end up dying with inflation in the days to come.
@narendravadher5140
@narendravadher5140 3 жыл бұрын
Under which act of INDIAN CONSTITUTION RBI prints currency? I am not talking about RBI ACT 1935 but act of indian constitution.And RBI is INDEPENDENT body or under the jurisdiction of indian government? And printing currency for citizen is unconstitutional then how can be it's legal for RBI?
@harshitasahu1401
@harshitasahu1401 4 жыл бұрын
Sir, way of your explanation is amazing👌 .. Thank u so much for this explanation 🙏
@HrishikeshKashyap
@HrishikeshKashyap 3 жыл бұрын
Thank you sir. I clearly understood now. I was wondering to know this from many years now I knew. 👍
@sandeepbajantri8217
@sandeepbajantri8217 3 жыл бұрын
Sir could you please tell me, Who can get the money by giving the gold to RBI. Can every one do that or restricted to certain person ? Please please reply sir,
@helmet7943
@helmet7943 2 жыл бұрын
Sir I have a simple doubt hope that you answer it ,if gold rates are fluctuating then does the 115 crore worth gold gets removed ex now 10gm worth gold is 50000 rupees few years back it was 30000 rupees now by that standard rbi now has 66% more gold reserve than earlier
@theroadtocalvary8552
@theroadtocalvary8552 2 жыл бұрын
Sir..does every currency have different serial number ??
@shantanupal4052
@shantanupal4052 3 жыл бұрын
Thanks 4 ur explanation.but sir that 85 crore kept in foreign exchange is volatile? If dollar or Euro crash,then what happens?
@priyankabhol9600
@priyankabhol9600 4 жыл бұрын
Sir can you explain what does outstanding sovereign gold bond means?
@harshvardhan3389
@harshvardhan3389 2 жыл бұрын
Very well explained in simpler form.)
@suvamd03
@suvamd03 4 жыл бұрын
Wonderful explanation Sir.....Thank you very much.....👍
@SanjayS-dy5gj
@SanjayS-dy5gj 2 жыл бұрын
Then for what purpose government is keeping gold and forex reserves ??
@mysteriousbillionaire7349
@mysteriousbillionaire7349 2 жыл бұрын
Incase rupee is no longer accepted internationally, gold reserves will be used . I think this was done in 1991. (answer based on my sense, not researched) For example if govt has printed too much paper money or too much counterfeit has happened, the real money (Gold) is used
@SanjayS-dy5gj
@SanjayS-dy5gj 2 жыл бұрын
@@mysteriousbillionaire7349 thanks for your reply brother
@d.l.janani9138
@d.l.janani9138 2 жыл бұрын
Sir kindly make a video on CASH DEPRECIATION POLICY OF RBI in terms with BLACK MONEY
@anandtripathi4068
@anandtripathi4068 Жыл бұрын
❤ , loved your explanation.
@adityaandytiwari
@adityaandytiwari 2 жыл бұрын
Amazing Video Guru Ji🙏
@Awakenbeing
@Awakenbeing 3 жыл бұрын
Well if the RBI is printing money keeping GDP projection then how could be explained the high rise in inflation?
@akshaym446
@akshaym446 3 жыл бұрын
Cos GDP is not of much use in measuring economic growth.. GDP doesn't even take into account debt servicing costs.. Have u evwr wondered how a nation like US which has a 19 trillion dollar debt has higher GDP?.. Sab moorkh banane ke dhande hai.. The day central banks monopolise currency printing without gold/silver or precious metals reserve inflation starts rising and keeps rising forever.
@innocenthumans3721
@innocenthumans3721 2 жыл бұрын
How much dollars r printed n who regulates n also profits from that
@riteshverma0707
@riteshverma0707 3 жыл бұрын
Sir you said that rbi print money according to gdp, if gdp increase then rbi print more money. So my question is if rbi print more money then the value of money decrease it is true or not?
@beenay18
@beenay18 2 жыл бұрын
But how do they distribute that new money to people?
@krishnakantchoudhary797
@krishnakantchoudhary797 2 жыл бұрын
Wow, what a lecture !! Unbelievable!!
@harikeshp8450
@harikeshp8450 3 жыл бұрын
Sir is this in annanagar, chennai
@purushottamkumar-kx9nf
@purushottamkumar-kx9nf 3 жыл бұрын
Superb explanation.... U have cleared my 50 percent doubt... So what is the exact value of money
@ankurbarman6522
@ankurbarman6522 2 жыл бұрын
What an explanation!!! Thank you very much sir
@jaskumar95
@jaskumar95 2 жыл бұрын
Sir Very nice explanation.
@sharemarketguru5272
@sharemarketguru5272 2 жыл бұрын
He saying this all while having a good smile on face, whereas in upcoming decade there will a chaos because of zero intrinsic value currency all over the world
@akshaym446
@akshaym446 3 жыл бұрын
Sir.. One question only.. how is the debt financing i.e loan repayment also included in GDP calculation?
@umadev6077
@umadev6077 4 жыл бұрын
Thanks for the updated information. In our country we have plenty of natural resources , mainly agriculture sectors.can the standing crops like sugarcane banana bamboo and Paddy can be kept reserves for developing flourishing improving productive measures of agriculture products and services and allied activities to save the lives of the poor deprived desperate farmers and victims and progressive steps taken by the country for a balanced and stable market and fair price for their products and services and insurance coverage and government relief fund to the needy poor deprived desperate farmers during natural calamities. Kindly do needful and oblige to develop progress and flourish agriculture sectors which is our backbone of our country and wipe the tears of the farmers when there is no fair price for their products and services like this lockdown period situations and depression undergoing by the farmers without any transportation facilities to sell their products always in any other situations when there is no purchasing capacity like today generation is facing.kindly advice for the welfare of the poor farmers even though there is facilities for write off loans borrowed in the banks . What will they do for their food and other expenses as immediate relief . Some banks offered additional loan with the existing loans as special relief after getting permission from the authorities concerned. But everyone are not aware of it. Kindly do something productive progressive to save the lives of the farmers who break down and commit suicide during unforeseen circumstances and causes prevailing in the situation/country
@bindiganavilesredhariyenga2014
@bindiganavilesredhariyenga2014 4 жыл бұрын
Very good explanation. Talk about GDP , Inflation and Helicopter money also.
@RamgopalGujrati
@RamgopalGujrati 2 жыл бұрын
Thank you very much sir, it really helped me
@decapitation.
@decapitation. 2 жыл бұрын
Wah sir Bohot badhiya thankyou!!!!!!
@visionxservice236
@visionxservice236 4 жыл бұрын
Good explanation pls keep doing this kind of knowledge videos 👍🏻👍🏻
@akashdas-hq9hp
@akashdas-hq9hp 2 жыл бұрын
If Gold is not kept as a reserve against currency , then any country can print any amount of money ...!? Then why would any country borrow currency from other countries or world bank ..!?
@required.
@required. 3 жыл бұрын
thank you very very very much..
@harshigupta7298
@harshigupta7298 2 жыл бұрын
thankyou so much sir. it really helped!!!
@ashwinirahul4511
@ashwinirahul4511 3 жыл бұрын
sir great video and perfectly explained but please quit smoking your voice stutters due to smoking
@immortal_hadez3082
@immortal_hadez3082 2 жыл бұрын
Finally its cleared from my doubt section ❤️
@SanjibMili.
@SanjibMili. 2 жыл бұрын
thank you sir.
@user-kk5ep8sk6z
@user-kk5ep8sk6z 3 жыл бұрын
What was before barter system
@abdulhaq2969
@abdulhaq2969 3 ай бұрын
Thank you sir
@AVINASHSINGH-bp5td
@AVINASHSINGH-bp5td 2 жыл бұрын
thank you for the information but in the chronology 1st the tughluq came then sheh shah suri used silver coin
@AVINASHSINGH-bp5td
@AVINASHSINGH-bp5td 2 жыл бұрын
video solves a lot my confusion
@nisha3841
@nisha3841 3 жыл бұрын
Perfect explanation Sir... Thank you
@tusharaggarwal4707
@tusharaggarwal4707 2 жыл бұрын
Thanks sir, for providing such valuable information.
@DevenderSingh-ny8kl
@DevenderSingh-ny8kl 4 жыл бұрын
I have studied that 'Rupya' term was coined by Sher Shah Suri not by Kautilya...
@buddyindian6019
@buddyindian6019 4 жыл бұрын
Long time doubt on currency resolved
@dipudebbarma1934
@dipudebbarma1934 2 жыл бұрын
Sir why they keeping 200cr gold reserves
@surendarsms5306
@surendarsms5306 3 жыл бұрын
Sir America epadi oru dollar ivalavu gold nu fix pannitanga, Pathi than puriyuthu path puriya matinguthu,
@praveenreddy411
@praveenreddy411 2 жыл бұрын
Great explanation
@malgovamango
@malgovamango 3 жыл бұрын
i need to know with more statistical real data to explain, with how much money printed for last 10 years with corresponding GDP..How come banks can loan huge amount of money to people like nirav modi, mallaya and how the cope the default.. please help or give me book links
@rpsh1
@rpsh1 3 жыл бұрын
money is printed on account books from thin air when banks give loans
@asadsagheer3221
@asadsagheer3221 2 жыл бұрын
Such a Intelligent
@abhi19211
@abhi19211 2 жыл бұрын
Sir, what is the need of keeping minimum reserve
@mysteriousbillionaire7349
@mysteriousbillionaire7349 2 жыл бұрын
In case money becomes devauled, that is no one is accepting rupee, reserve gold is used internationally
@vijay2065
@vijay2065 4 жыл бұрын
Excellently explained sir Thanks
@anusurusanjay169
@anusurusanjay169 4 жыл бұрын
Thank you so much for clearing the doubt sir👍
@tezchetry5292
@tezchetry5292 3 жыл бұрын
Thank you sir ❤️
@PreetiYadav-zs9db
@PreetiYadav-zs9db 2 жыл бұрын
Thankyou soo much sir 🙏🏼!! ... Thankyou tonnes!!
@donotbebiased6987
@donotbebiased6987 3 жыл бұрын
awesome..love it
@robbykiller2323
@robbykiller2323 2 жыл бұрын
Go to 8:05 for the question in title.
@stephanieromaynehebert3660
@stephanieromaynehebert3660 2 жыл бұрын
Gold is not a commodity, except as a food stuff, and or nutritional supplement. As one cannot own gold, it is also not a reliable backing for a monetary exchange system.
@prosunbiswas3729
@prosunbiswas3729 2 жыл бұрын
Excellent explanation hats off sir
@prashantpadolkar8992
@prashantpadolkar8992 4 жыл бұрын
Sir, you said at a time India can print 200cr of currency keeping in. Reserve 115 Cr of Gold and 85 Cr of Foreign currency, but final you said no country keeps gold to print currency?
@pandeephny
@pandeephny 4 жыл бұрын
If Govt's keep on printing, then value of currency will be keep on falling, Foreign countries may not accept our currency thinking it will further loose it value, so instead of curency they will accept gold as exchange. So in backup mechanism Gold will be kept as reserves not for printing money.
@ravindra_s
@ravindra_s 3 жыл бұрын
Superb explanation
@PritamPandit90
@PritamPandit90 3 жыл бұрын
Thank you so much sir, so nicely explained sir🙏.
@bankermanikandan
@bankermanikandan 3 жыл бұрын
Nicely explained. You nailed it
@mominakhatoon687
@mominakhatoon687 Жыл бұрын
Very very useful
@4XKulb
@4XKulb Жыл бұрын
Its Awesome..
@prony5145
@prony5145 4 жыл бұрын
Great explanation 👌😀
@Vinod-yn2uq
@Vinod-yn2uq 4 жыл бұрын
Really a very good explanation... Tq sir
@puneetchhabra9922
@puneetchhabra9922 4 жыл бұрын
thank u so much for clarification!
@ojasvipathak9212
@ojasvipathak9212 2 жыл бұрын
thankyou sir
@shravika1417
@shravika1417 3 жыл бұрын
Excellent explanation Sir........ 👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌👌
@sampathd3002
@sampathd3002 4 жыл бұрын
Excellent sir
@kkmuthu5642
@kkmuthu5642 3 жыл бұрын
Then why does RBI keeps reserve gold of 200 crores ?
@10-balajim64
@10-balajim64 4 жыл бұрын
Super sir, crystal clear explanation..
@inspiredinnovation5684
@inspiredinnovation5684 3 жыл бұрын
still not clear about the printing of notes
@srishad4628
@srishad4628 4 жыл бұрын
Very good explains .
@monikabhalla7986
@monikabhalla7986 4 жыл бұрын
Great Explanation Sir 👏👏 This video has caused curiosity to know more. I still have some questions - for printing currency, Government would be keeping 105 lakh crore Gold as Reserve and 85 lakh crore foreign currency with RBI every year, then how Government is bringing this much gold every year ? Does the production of this Gold also considered in 'Value of Goods and Production Services' ? Also what RBI is doing with this much gold collating every year ? Also what about thee Foreign Currency that Government is keeping reserve with RBI ? They would be purchasing it from foreign countries so ,what about the amount being used for purchasing it ? By the time I get your response, I will try to search for answers in some other videos. But still I would like to learn from you about these queries. ☺️ Thank you very much in advance ☺️
@BytesBard
@BytesBard 4 жыл бұрын
Sister please let me know the same if you find out any information regarding this.
@furjanfps4214
@furjanfps4214 2 жыл бұрын
Excellent 👌
@AkashBharadwaj
@AkashBharadwaj 4 жыл бұрын
Excellent Explanation Sir!
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