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The economic crisis brought by the corona crisis is not like the ones we faced before. This crisis is about an economic shock turning into the financial crisis. So, what should be fiscal and monetary policy interventions to tackle the crisis? 10 marks

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Parth Verma

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Mentor’s comment-
  • https://indianexpress.com/article/opinion/columns/coronavirus-india-economic-crisis-6472983/
  • In the intro, you can briefly explain why this crisis is different from the other crisis.
  • In the body, you can divide the policy measures into fiscal and monetary. In the fiscal policy measures income support, increased government spending, tax cuts, providing the guarantee of loans etc can be suggested. In the monetary policy, maintaining adequate liquidity, lower interest rates, direct lending to the corporate, steps to encourage the bank to lend more like low reverse repo etc can be mentioned.
  • Conclude by mentioning the roles of fiscal policy and monetary policies in dealing with the economic crises.

Comments

18 responses to “The economic crisis brought by the corona crisis is not like the ones we faced before. This crisis is about an economic shock turning into the financial crisis. So, what should be fiscal and monetary policy interventions to tackle the crisis? 10 marks”

  1. Deepika Saini Avatar
    Deepika Saini

    Payment ID: #0000230867

    1. Parth Verma Avatar
      Parth Verma

      Hi Deepika
      Good introduction.
      Before writing the measures,explain briefly why this economic crisis caused by pandemic is different.
      You have explained the measures in a comprehensive manner.
      Also writ the role of RBI RBI that RBI needs to undertake extensive quantitative easing to keep bond yields from spiking given the likely large increase in deficit.
      Good conclusion.
      Overall a decent attempt.
      Persistence is the key to success,keep writing !

  2. vinay bhalekar Avatar
    vinay bhalekar

    Please review
    Payment id:- #0000231221

    1. Parth Verma Avatar
      Parth Verma

      Hi Vinay
      Good introduction.
      Before writing the measures,explain briefly why this economic crisis caused by pandemic is different.
      In the fiscal measures, you can also write that loans should be given to MSMEs at lower interest.
      The content is good and well placed.
      Good conclusion.
      Avoid spelling mistakes and improve your basic grammar .
      Overall a decent attempt.
      Keep writing ,you will succeed.

  3. NJ_00 Avatar
    NJ_00

    MOJO0206200D40884686

  4. NJ_00 Avatar
    NJ_00

    MJO0206200D40884686

    1. Parth Verma Avatar
      Parth Verma

      Hi NJ
      Good introduction.
      Thumbs up for the comparison between the crisis.
      Use headings and subheadings wisely, work on selection of words.
      You have suggested the measures in a quite comprehensive manner.
      Good conclusion.
      Work on presentation , underline keywords to convince the examiner easily.
      Work on handwriting.
      Keep working hard !

  5. Vishesh Chaurasia Avatar
    Vishesh Chaurasia

    Payment id – pay_F2OP9B0wWwAWj4

    1. Parth Verma Avatar
      Parth Verma

      Hi Vishesh
      First thing, improve your handwriting, write neat and legible.
      Leave proper space between words and lines.
      Underline only keywords.
      Good introduction.
      Explain how this pandemic has hit the economy really hard.
      You have explained the measures in a good manner,keep it up.
      Good conclusion.
      The content is good and well placed.
      Avoid spelling mistakes .
      You really need to work upon presentation to fetch better marks.’
      Keep writing,you will improve.

  6. Dakshina Moorthy Avatar
    Dakshina Moorthy

    Payment no. #0000233081

  7. Dakshina Moorthy Avatar
    Dakshina Moorthy

    Payment id. #0000233081

    1. Parth Verma Avatar
      Parth Verma

      Hi Dakshina
      Need to rephrase your introduction.
      You have explained the consequences in a good manner.
      Flow chart is not appropriate.
      Work on selection of words to present your answer in a better form.
      Measures are explained in a comprehensive way, keep it up.
      Good conclusion.
      Work on presentation of the answer to fetch better marks.
      Improve handwriting and avoid grammatical errors.
      Keep writing,you will succeed.

  8. Chester Avatar
    Chester

    MOJO0204R00N55952566

    1. Parth Verma Avatar
      Parth Verma

      Hi Chester
      Lackluster introduction, briefly explain about this economic crisis and why this crisis is different from the other crisis.
      After this, write some of the consequences,then suggest the measures.
      Measures are well explained.
      The content is diverse and comprehensive.
      Lackluster conclusion,conclude by mentioning the roles of fiscal policy and monetary policies in dealing with the economic crisis.
      Avoid using unnecessary capital alphabets in between of a sentence.
      Underline keywords.
      Keep writing !

  9. Teja Avatar
    Teja

    id #0000230227

    1. Parth Verma Avatar
      Parth Verma

      Hi Teja
      Good introduction.
      Do not come directly to measures, first explain why this crisis is different from the other crisis.
      After this, write some of the consequences,then suggest the measures.
      Follow a proper structure.
      Measures are explained in a comprehensive manner.
      Use of flow chart is appreciable.
      Lackluster conclusion,conclude by mentioning the roles of fiscal policy and monetary policies in dealing with the economic crisis.
      Underline important stuff.
      Keep writing,you will improve.

  10. vishal barath Avatar
    vishal barath

    My ID#0000232589

    1. Parth Verma Avatar
      Parth Verma

      Hi Vishal
      First write about this economic crisis then compare it with the previous crisis.
      Quoting data of various institutions is appreciable.
      Try to link your paragraphs.
      Avoid using so many numerical figures like 90000 crore,30000 crore etc.
      The answer does not demand this thing, instead write some solid points to handle this economic problem like loans to MSMEs at a cheaper rate etc.
      Conclusion is missing,conclude by mentioning the roles of fiscal policy and monetary policies in dealing with the economic crisis.
      Avoid using short forms like govt.
      Write neat and legible.
      Work hard,you will improve.

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