The answer provides a good overview of the instruments of monetary policy employed by the Reserve Bank of India (RBI), dividing them into quantitative and qualitative measures. It effectively explains key instruments like the bank rate, Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), and Open Market Operations (OMO). Additionally, it highlights the qualitative measures of credit rationing and changes in margin requirements. The functions of the RBI as a banker to commercial banks and the government are also clearly explained.

Missing Facts and Data
Quantitative Measures:

Repo Rate and Reverse Repo Rate: The most commonly used tools of monetary policy are missing. These rates are central to the RBI’s liquidity adjustment facility (LAF).
Monetary Policy Corridor: The role of the repo and reverse repo in creating a corridor for short-term interest rates could be added.

Ayon You can use this feedback also

No recent figures or trends for CRR, SLR, or repo rates are mentioned to provide context.
Qualitative Measures:

More examples of sector-specific credit rationing and its impacts could enhance understanding.
Banker to Commercial Banks:

Details on the RBI’s role in facilitating the settlement of interbank payments via Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).
Banker to Government:

Explanation of the “debt management” function, where the RBI handles government borrowings, could be included.
The answer is clear but lacks current data or practical examples, which would enrich the discussion. Adding these elements would make the explanation more comprehensive and relevant.

उत्तर का मूल्यांकन
सकारात्मक पक्ष:

व्यापक विवरण: उत्तर ने मुद्रा के चार प्रमुख कार्यों—विनिमय का माध्यम, मूल्य मापन की इकाई, मूल्य का संचय, और स्थगित भुगतानों का मानक—का स्पष्ट विवरण दिया है।
प्रासंगिक उदाहरण: UPI, EMI योजनाओं और विभाज्यता (₹1, ₹2 के सिक्के) का उदाहरण देकर विषय को व्यावहारिक संदर्भ से जोड़ा गया है।
तुलना और लाभों का उल्लेख: अन्य परिसंपत्तियों (जैसे—अचल संपत्ति और सोना) के साथ तुलना करते हुए मुद्रा की तरलता, विभाज्यता, पोर्टेबिलिटी, और स्वीकार्यता को प्रभावी ढंग से प्रस्तुत किया गया है।
कमियां:

Vinitha आप इस फीडबैक का भी उपयोग कर सकते हैं।

डेटा और सांख्यिकीय तथ्य का अभाव:
UPI और डिजिटल भुगतान के उपयोग पर कोई आँकड़ा नहीं दिया गया। उदाहरण: 2023 में भारत में UPI लेन-देन का मूल्य ₹139 लाख करोड़ से अधिक था।
मुद्रास्फीति दर का कोई संदर्भ नहीं है, जिससे मुद्रा के मूल्य घटने की समस्या का अधिक सटीक विश्लेषण किया जा सकता था।
आधुनिक अवधारणाएं गायब:
क्रिप्टोकरेंसी और डिजिटल वॉलेट्स जैसी नई परिसंपत्तियों का उल्लेख नहीं किया गया, जबकि ये आधुनिक मुद्रा प्रणालियों को प्रभावित कर रही हैं।
संगठन में सुधार की आवश्यकता:
उत्तर को अधिक संरचित बनाया जा सकता है, ताकि तुलना और उदाहरण स्पष्ट रूप से अलग दिखें।
सुझाव:
उत्तर में आर्थिक आँकड़े, डिजिटल मुद्रा के प्रभाव, और मुद्रास्फीति पर चर्चा जोड़ी जाए। इसके अलावा, क्रिप्टोकरेंसी और अन्य परिसंपत्तियों की तुलना का विश्लेषण करके उत्तर को और समृद्ध बनाया जाए।

Evaluation of the Answer

The answer provides a clear and concise explanation of the functions of money and its advantages over other forms of assets. It effectively outlines the four primary functions and highlights key benefits like liquidity, divisibility, portability, and acceptability. However, it lacks examples, contemporary data, and deeper insights to make the explanation more engaging and authoritative.

Strengths:

Logical Structure: The functions and advantages are well-organized, making the content easy to follow.
Core Concepts Covered: It adequately addresses the basic economic roles of money.
Missing Facts & Data:

Ajay You can also use this feedback

Modern Examples:
Digital payment systems, such as PayPal or mobile wallets, should be mentioned to reflect current trends.
Examples like cryptocurrencies and their volatility could highlight challenges in the “Unit of Account” function.
Inflation Impact:
Data such as U.S. inflation rates (3-4% in 2023) could show how inflation affects the “Store of Value” function.
Alternative stores of value, like gold or real estate, could be referenced.
Technological Developments:
The rise of digital currencies (e.g., Bitcoin) and central bank digital currencies (CBDCs) should be included to showcase the evolving nature of money.
Historical Context:
A brief mention of barter systems and the transition to money would provide historical depth.
Suggestions for Improvement:

Add specific examples and data points to support claims.
Include references to modern payment systems and cryptocurrencies to address recent trends.
Provide a historical perspective to explain money’s evolution from barter to modern digital systems.
Overall Assessment:
While the answer is technically accurate, it lacks depth and real-world examples to strengthen its relevance and impact. Adding data, trends, and comparisons with modern financial systems will enhance its quality.

Evaluation of the Answer

This answer provides a clear explanation of the four primary functions of money and its advantages over other assets. It is concise and well-structured, covering the key aspects effectively.

Strengths:

Clear Function Explanation: Each of the four functions (medium of exchange, unit of account, store of value, standard of deferred payment) is adequately explained with relevant context.
Advantages Well-Outlined: The advantages of money over other assets, such as liquidity, divisibility, portability, and acceptability, are clearly highlighted.
Missing Facts & Data:

Vasudha You can also use this feedback

Inflation Impact on Store of Value: The “Store of Value” function could benefit from specific data or examples of how inflation erodes purchasing power over time (e.g., inflation rates of major currencies like the USD or EUR in recent years).
Technological Evolution: The answer doesn’t mention the role of digital currencies or payment systems (e.g., cryptocurrencies, mobile payments) in modern economies.
Real-World Comparisons: While liquidity is mentioned, it would be helpful to provide a more detailed comparison with other less liquid assets (e.g., real estate, fine art, stocks).
Suggestions for Improvement:

Include modern examples of how digital currencies are transforming the functions of money, especially in global transactions.
Mention specific data on inflation or currency depreciation to further explain the “Store of Value” function.
Overall, the answer provides a solid foundation but could be enhanced with more data and references to contemporary economic trends.

The answer identifies several key factors behind the surge in revolutionary activities, such as disillusionment with non-violent methods, global influences like the Russian Revolution, and the formation of groups like the HSRA. It also mentions a specific revolutionary action (the assassination of J.P. Saunders), which strengthens the answer by providing a concrete example. However, the explanation lacks depth and omits several critical aspects necessary for a comprehensive analysis.

Missing Facts and Data:
Chauri Chaura Incident: The answer does not explain how this specific event led to the suspension of the Non-Cooperation Movement and disillusionment among activists.
British Repression: Key events like the Jallianwala Bagh massacre (1919) and oppressive policies such as the Rowlatt Act are missing, though they significantly fueled anger against colonial rule.

Mithila You can use this feedback also

Role of Literary and Ideological Influences: Works like “Bandi Jiwan” and “The Philosophy of the Bomb” inspired revolutionaries but are not mentioned.
Regional Dynamics: The focus on specific regions like Bengal and Punjab, which were hotspots of revolutionary activity, is absent.
Broader Revolutionary Groups: Groups like the Anushilan Samiti and Jugantar, active before the HSRA, are overlooked.
Economic Context: The role of post-World War I economic struggles and rural distress is missing.
Suggested Improvements:
The answer should expand on the Chauri Chaura incident, British repression, and the broader socio-economic context. Including additional revolutionary groups, literary influences, and regional dynamics would offer a more balanced and comprehensive analysis.