XLRI PREP GUIDE

CURRENT

AFFAIRS AND

GENERAL KNOWLEDGE:

Current affairs: Make a habit of reading newspaper daily and also look into current event dossier by any coaching class or any other sources. Business: Deals, leadership, Mergers & acquisitions, products launched, advertising campaign, awards and controversies. Economics: Monetary and fiscal policies, Union and railway budget, RBI rates, GDP, inflation General: International events, awards, sports, Social and political events, war and disputes (anything and everything under the sun) General Knowledge can also be classified under similar heads however only difference is it is more or less about static knowledge. Some types questions discussed in managerial awareness sections above can also come under this head. Often General knowledge questions will have some link to you directly or indirectly. They may ask questions related to your Personal Links

Current Affairs: Domestic: 1. Kundakulam Project 2. Defence Tatra Scam 3. Leakage Gen. V.K Singhs letter 4. Capital punishment to Beant Singhs killer Rajoana 5. International 1. SUU KYIs election for parliament in Myanmar 2. EURO crisis 3. BRICS Summit

4. Indias Stand on SRILANKA at UN Business Domestic 1. Retrospective taxation of Indian Government Vodafone case 2. Is insistence on clean deals an excuse for delay in defense purchases? 3. Post budget, do you see a slowdown in FII investment? 4. Will the GAAR issue continue to spook investors in the near future? a. General Anti Avoidance Rule: i. The legal right of individual to decrease, what otherwise would be the amount he
is liable to pay, by means of which law permits, cannot be doubted

ii. 5. 6. Are auctions the best way to allocate natural resources? Coal Gate 7. Is the government right in claiming that poverty has come down? Montek Singh Ahluwalias comment about BPL at Rs 32 International 1.

ECONOMICS:
Fiscal Policy: That facilitates economic stability by managing Govt Expenditures and Revenues (Taxation) GDP: Private consumption + External Investment+ Govt. spending + Exports - Imports Monetary Policy: That manages countrys economic stability by controlling supply of money Contractionary policy : To Curb Inflation by decreasing cash flow

Expansionary policy : To tackle recession by increasing cash flow ie by decreasing interest rates

Key indicators of Monetary Policy: Cash Reserve Ratio : Founds the banks have to be deposit with RBI / Total Funds of the banks Statutory Liquidity Ratio : The amount of assets banks should keep in liquid format like cash, precious metals or govt bonds / Total Assets Repo Rate : The rate of Interest at which RBI lends to commercial banks

Reverse Repo Rate : The rate at which RBI borrows from Commercial banks

AP State Budget Highlights:

17th Feb, 2012: Finance Minister Anam Ramnarayana Reddy, on Friday, presented the Rs. 1,45,854 crore state Budget for the financial year 2012-13.

The estimated revenue surplus is Rs. 4,444 crore, and the fiscal deficit is estimated at Rs. 20,008 crore, at 2.5% of the GSDP. "Between 2005-06 and 2011-12, while the country's economy grew at an impressive rate of 8.64%, the performance of the state's economy was even more impressive, with an average growth of 9.26%," he said. The advance estimates of the Gross State Domestic Product at constant prices for the year 2011-12 is Rs. 4,07,949 crore as against the 2010-11 figures of Rs. 3,81,942 crore. The growth in GSDP during 2011-12 is, thus, 6.81%, compared to the corresponding national figure of 6.88%. The government has increased the budget allocation for the agriculture sector. As against the allocation of Rs. 1,800 crore during 2011-12, this year, the government will spend Rs. 2,572 crore for the sector. The rural department got a 28% increase over last year, with Rs. 4,703 crore. The minister admitted that as against the allocation of Rs. 15,010.05 crore during 2011-12, only Rs. 8,459 crore was spent upto January 2012. Therefore, the budget allocation has been restrained at the same level as last year. Ramnarayana Reddy claimed that Andhra Pradesh is the 3rd best investment destination after Gujarat and Maharashtra, which have together attracted 54% of the total live investment of Rs. 120 lakh crore as on 31 December 2011.

Similarly, with a 19% increase, Rs. 5,937 crore have been allocated for the energy sector. The transport, roads and buildings department got an increase in budget by 22%, to Rs. 5,032 crore.

The urban development sector, too, got a boost, with a 30% increase. For the year 2012-13, Rs. 6,586 crore has been allocated for the urban development sector.

The government will spend Rs. 15,510 crore for school education, Rs. 1,087 crore for technical education, and Rs. 1,841 crore for higher education during the year 2012-13. However, the minister did not specify the budget for scholarships to students. He did say that the government had committed Rs. 3,769 crore in 2010-11 and Rs. 3,872 crore in 2011-12. The government will spend Rs. 2,283 crore for women's welfare, and Rs. 66 crore for the disabled persons' welfare. The government has increased the Budget allocation for minorities' welfare by 62%, to take the figure to Rs. 489 crore. Rs 5,040 crore will be spent for the health, medical and family welfare department; Rs. 2,303 crore for housing; Rs. 500 crore for employment and labour; and Rs. 220 crore for sports. (INN)

National Budget Highlights Railway Budget Highlights

PERSONAL
LINKS

1. School and Village a. Yernagudem i. Village with around 5000 population ii. Paddy Sugar Cane and Tobacco are the main crops iii. Rabi Corps = Out put during winter Sown during Autumn iv. Kharif corps = Output during Autumn; Summer growth b. Name : Ayyappa Swamy i. Off spring of Shiva and Vishnu (in Mohini Avatar) ii. Born to kill mahishi iii. Was raised by Pandalam King Raja Rajasekhara c. What to Irumudi contain and is Makarjyothi real ? i. Irumudi contains Munmudi - Puja articles and Pinmudi contains necessities for the devotee ii. Makarajyothi When sun enters the zodiac of Capricorn Makara star is seen. Makaravilakku HJuman Lit fire d. Your views about misleading people by creating legends which led to the casualties

i. I believe word myth is appropriate. Many of the mythological stories are stories created to instill positive beliefs and provide spiritual support to us. Makara jyothi is also one of them. I dont see any harm in that. If you are not strong enough to have self belief , then have belief in supernatural which increases your confidence. Secondly regarding casualties are the result of lack in necessary facilities to handle huge crowds. 2. College 3. Work-ex Company/domain 4. District 5. State/Region : State of Andhra Pradesh 1. Politics o Telangana Agitation o Districts of Adilabad, Nizamabad, Karimnagar, Medak, Rangareddy, Warangal, Mahabubnagar, Khammam, Nalgonda and Hyderabad come under Telangana o Kurnool, Chittoor, cuddapah and Anantpur come under Rayal seema o Nellore, Ongole, Guntur, Krishna, EG,WG,Vishaka patnam, Vijayanagaram, srikakulam come under coastal Andhra 2. Proponents of Telangana Region: o 3. Budget 6. Hobbies/Interests mentioned

ACADEMIC QUESTIONS
Even for guys with work experience, panel may ask questions related to prior academic record, these could be from very basic questions from concepts you learned in school to graduation-subject related questions. What to do: You cannot study again all your academic subjects, however brush up some basic concepts. Prepare 1-2 subjects as your favourite subjects. Also brush up management related subjects that you studied during graduation. You should understand that academic questions are asked to validate the quality of your academic performance.(For example, if you claim yourself as topper of mechanical engineering department, but you don't know basics of partial differential equation, then panel may think your academic achievements as superficial) Action Plan:

Prepare for Unit operations as one favorite subject Prepare for Chemical Engineering thermodynamics as the other Prepare in detail about Marketing Management E Commerce Advertising and Publicity Syllabus for the TBF course: Marketing Management: Marketing Mix Marketing Myopia: Situation when company focuses on their products and services and not on the customer needs

What is the job of a marketing manager? Influence the level, timing and composition of customer demand

What is the role of a Strategic planner and Duties of strategic planning department: What are 3 cs of marketing analysis? Customer Analysis Company Analysis Competitor Analysis What is customer analysis? Market segmentation: Dividing the customer demographic on the basis of 1. Demographic 2. Psychographic 3. Behavioral 4. Needs Benefit

MMs study the perceptions of this various segments about various products in the market through perceptual mapping What is company analysis? Understating companys cost structure and cost position relative to competitors

CAREER

PREFERENCE

&

GOAL CLARITY

Why MBA? , why this field/domain? , why our institute? where do you see yourself in next 10 years? What are your short term & long term plans? ......and plethora of similar questions might be asked from you. What to do: The best way is write a SOP (statement of purpose) of about 2500 words of what do you want to do in your life. This will be a superset document for you, now you can prepare these answers, which would be subset of this. Initially write by yourself and then get it modified by teachers/friends/seniors. Why MBA now? My reasons for MBA are quite obvious. But I developed them the hard way. I want to scale up my knowledge level and standards

Name some C.E.O s that are business graduates. Mukesh Ambani Kunal Bahl Renuka Sugars

Why Our institute? What value can you bring to our institute? What are your short term plans and long term plans?

What do you plan to do after MBA? Statement of Purpose (For Life) What is your motivation in becoming an entrepreneur? Why did you waste 2 years for getting in to IIT? When I was doing my +1 and +2, I hardly knew about IIT. By the end of +2 I came to know IIT ians 100% percent placement. At that time my family was going through rough phase due to fatal accident to my parents. So one reason for going to IIT coaching was that they offered Free coaching cum boarding based on my inter percentage. It ensured I can continue my studies along with buying time to recoup Second is that its a job guarantee decision.

Difference between Leader and manager? Leadership is a super set of management. A leader should have vision A leader should have passion to convert that vision into action A leader should be ready to take an unexplored path A leader should have the courage to take decisions A leader should be transparent in his actions A leader should know how to manage a success or failure A leader should have nobility in management A leader should work with integrity and succeed with integrity