Whats so bad about a no deal Brexit? Isnt it time we stood on our own two feet as an independent nation?

Role of WTO in international trade PDF

Whatu2019s so bad about about a no-deal Brexitu2026You mean aside from all the border checks and export tariffs, the motorway queues and transport delays, the shortages of foods and medicines, the loss of thousands of jobs and foreign investment, the collapse of sterling, the business closures, the public disorder and all the other national calamities that our own Government has suggested we prepare for?,Government verdict on no-deal Brexit: food price hikes, Dover delays and u00a313bn cost to business - as it happened | Guardian,No deal Brexit would see UK state of emergency, warns Dominic Grieve | Sky News,No Deal Brexit: Issues, Impacts and Implications | UK in a Changing Europe,UK accused of u2018misleadingu2019 over no-deal Brexit ports disruption | Financial Times,,Okay, first:,There is actually no such thing as a u2018no-dealu2019 Brexit or u2018clean breaku2019.

If the UK leaves on 31 October (or whenever) without a new agreement in place, then all the laws and regulations that have governed the relationship between the UK and the rest of the EU for nearly half a century just disappear overnight.

The very next day, the UK needs to start work on negotiating new agreements with the EU.

Those negotiations wonu2019t take days or weeks or months.

They will take years.

Theresa May had agreed a smooth transitionary period for this to happen in her EU Withdrawal Agreement, but thatu2019s gone.

Now, once the UK has left the EU, itu2019s the EU who will set the agenda for any further negotiations.

And the very first items on the agenda will be those to do with citizens rights, the Irish border and the financial settlement u2014 all of which were already addressed by the now-redundant Withdrawal Agreement.

,What u2018no dealu2019 really means is u2014,u201cLetu2019s just leave the EU now u2026 throwing UK-EU relations into a state of chaos u2026 and then spend years trying to work out a raft of new deals with the EUu201d,u2014 as opposed to u2014,u201cLetu2019s avoid chaos altogether by implementing the Withdrawal Agreement.

u201d,Leaving without any deal certainly wonu2019t enable the British people or politicians to put Brexit behind them.

It means the aftermath of Brexit and the need for post-Brexit negotiations will preoccupy British politicians and dominate the headlines in the UK for the next decade.

,What does no deal really mean? | BBC,There is simply no such thing as a no deal Brexit | Prospect,Donu2019t buy the bluff.

Hereu2019s the truth about no-deal Brexit | Guardian,Hopes of clean break with EU are nonsense, says ex-Brexit official | Guardian,No deal Brexit to plunge EU and UK into u2018swamp-likeu2019 deadlock, says CBI chief | Express,A no deal Brexit would not be a clean Brexit | UK in a Changing Europe,,Second:,No-deal means playing by rules set by foreigners and unelected bureaucratsWhat, you thought that was the key benefit of leaving the EU? To be rid of international rules and regulations set by unelected foreign officials in Brussels? u201cTaking back control?u201d,Out of 34,000 UK regulations, only 4,500 are imported from the EU.

Of those, 98% were voted for by British MEPs because they are worth having.

Only 72 were voted against by the British.

(A guy on Twitter has examined them all.

See this Thread by @mac_puck),If u201ctaking back controlu201d means things like being free to ignore the EUu2019s ban on cancer-causing pesticides, itu2019s pretty silly.

,But a no-deal scenario is even sillier.

Why? Because the UK then becomes bound by international rules set behind closed doors in Geneva (not Brussels), the HQ of the World Trade Organisation (WTO).

And those rules are u201cdictatedu201d by 150 (not just 28) nations.

,u201cThe WTO option is the cold hard floor on which the UK will splat down if no safety net is in place in time.

u201d u2014 Brexit and the issue of the WTO schedules.

Financial Times, 28 Feb 2017,And thatu2019s just the starting point from which the UK will be seeking new deals with the EU, the USA and other major trading partners.

,When a small country applies to trade with an enormous power, guess which of those two gets to call the shots?,Why do you think we joined the single market in the first place?,Eurosceptics would quickly come to despise the WTO | Prospect,Everything you might want to know about the UKs trade with the EU | FullFact,China would be big winner from no-deal Brexit, UN study finds | SCMP,A quick US trade deal wont help Britain avoid Brexit damage, economists say | CNBC,,Third:,A no-deal Brexit benefits absolutely no one except a few ultra-wealthy tax-dodgersThe EUu2019s Anti Tax Avoidance Directive (published 2016 - note the year), comes into full effect on New Yearu2019s Day, 2020.

This new directive seeks to stamp out loopholes that allow multinational businesses to avoid paying corporate tax.

,And the British economy could really do with all that unpaid corporate tax u2014 it amounts to over u00a330 billion a year, which is way more than we pay into the EU, and is more than enough to end austerity and boost public services.

,But the current leaders of the Conservative Party have other plans.

Itu2019s no coincidence that David Cameron announced the date for the EU referendum soon after the exact details of the Antiu2013Tax Avoidance Directive (ATAD) were revealed.

Itu2019s no coincidence that both Leave campaigns (Farageu2019s and Johnsonu2019s) were sponsored by tax-avoiding tycoons.

They are the ones who have been driving Brexit all along, simply to keep their millions out of the reach of HMRC u2014 individuals like Lord Rothermere (owner of the Daily Mail), the Barclay brothers (the Telegraph), Rupert Murdoch (The Sun and The Times), and Farageu2019s friend Arron Banks.

And all of whom channel their income through offshore businesses to avoid paying UK tax.

,While the ATAD doesnu2019t directly affect Britainu2019s offshore tax havens yet, they are the next obvious target.

The only thing that Boris Johnson et al have to do on behalf of their wealthy backers is to take the UK out of the EU before the EU can ruin their game.

,Brexit leaders prove that the campaign to leave the EU was entirely driven by self-interests | The London Economic,Brexit campaign was largely funded by five of the richest men in Britain | Independent,How the super-rich bought their Brexit victory | InFacts,,Fourth:,The UK will be economically damaged by a no-deal Brexit for decades.

Of course, the UK will no longer have to pay the annual u00a313 billion contribution to the EU budget.

But the return on investment to the UK for that membership contribution is between five and fifteen times greater.

So we are going to lose out something between u00a360 billion and u00a3200 billion u2026 for the sake of u2018savingu2019 u00a313 billion.

,The price of imported products and services will go up.

Sales of British products and services will go down.

International manufacturers are likely to relocate their UK operations to the EU 27 to avoid delays in components coming across the border.

,The economic price of going through no-deal Brexit is estimated to be an 8% drop in the nationu2019s income (GDP) per year.

Thatu2019s massive.

,Well, Nigel Farage reckons thatu2019s u201ca bargainu201d and u201ca price well worth payingu201d u2014 but then heu2019s a multi-millionaire who avoids paying UK tax, so he should be fine.

But what about the rest of us?,Fact check: what will a no-deal Brexit will mean for the UK? | The Week,Inflation at 3.

5% and a two-year recession: the impact of no deal | LSE,No-Deal Brexit Would Be Instantaneous Shock To UK Economy, Bank Of England Warns | HuffPost,No-deal Brexit: donu2019t ask u2018ifu2019 the economy will be hit, but u2018how muchu2019 and u2018for how longu2019 | LSE,No-deal Brexit could cause u00a330bn economic hit | BBC,No-deal Brexit is a tripwire into economic chaos | CBI,Cost of No-Deal Revisted [pdf] | UK in a Changing Europe,,What was that other thing?,Standing on our own two feet as an independent nationu2026Since its inception as the Kingdom of Great Britain in 1707, and then as the UK in 1801, Britain has stood on its own two feet and never lost sovereignty.

In fact, the British Governmentu2019s own white paper on Brexit affirms that u2014 despite how it may sometimes seem u2014 no sovereignty has ever been lost to the EU.

,The UK has as much sovereignty as it needs; the real issue is democracy.

,Power in the UK is arguably over-centralised in the Palace of Westminster.

(The UK has the most centralised government of the G7.

) Over the years, some Parliamentary powers have been transferred elsewhere (legitimately, by Parliament itself).

In addition to joining the EU, there has been the devolution of power to bodies like the Scottish Parliament and Welsh Assembly, the Human Rights Act of 1998, and the establishment of a Supreme Court in 2009, replacing the House of Lords as the UKs final court of appeal.

These changes enhance democracy without diminishing sovereignty.

,Like every other sovereign state on the planet that isnu2019t currently occupied by another power, the UK is already a politically independent nation.

But no country today can thrive with economic independence.

We live in an economically interdependent world.

All nations rely on international trade and commerce both for economic growth and for non-native goods and services.

,And if the global market is a jungle, the UK is no longer in a position to be the alpha predator; that role now belongs to the US and China.

Britain is much more secure and successful as a member of the pack, the European Union, which looks after its own and provides enough combined clout to take on the global sharks and bullies.

,Leaving the EU was always going to be a reckless leap in the dark, a monumental act of self-harm designed to benefit no one but a wealthy few.

,But leaving the EU without any deals in place is like jumping out of a plane without a parachute because youu2019re tripping on acid and convinced you can fly like Superman.

,Britain, the EU and the Sovereignty Myth | Independent,Brexit threatening UKs place among the worlds most competitive economies | Independent,Now is the worst time for global Britain | Centre for European Reform

What is World Trade Organisation

This is going to be more of a computer geek answer than a economics answer, but the short answer is to reduce chaos in world trade.

,If you have every country try to negotiate trade agreements with every other country then you have an O(N^2) problem.

If you get everyone in a room and then have them scream at each other in that room, this reduces to an O(N) problem.

WTO is that room.

,The other thing that WTO is to reduce escalation.

If country X doesnt like what country Y is doing, then country X can impose trade sanctions, but then country Y will impose trade sanctions, and then country X will impose more sanctions, and pretty soon every thing goes totally out of control especially if country Z gets involved, and then everyone loses.

,WTO has rules for preventing things from getting out of hand.

If country X does something that country Y doesnt like, it goes before a dispute settlement panel.

If the panel rules against country X, then country X can either withdraw the action or WTO will authorize country Y to impose countervailing trade duties.

At that point, you dont have things go totally out of control.

One other thing is that because the dispute process is long and slow, it means that tit-for-tat games slow down.

Objectives of WTO

This is going to be more of a computer geek answer than a economics answer, but the short answer is to reduce chaos in world trade.

,If you have every country try to negotiate trade agreements with every other country then you have an O(N^2) problem.

If you get everyone in a room and then have them scream at each other in that room, this reduces to an O(N) problem.

WTO is that room.

,The other thing that WTO is to reduce escalation.

If country X doesnt like what country Y is doing, then country X can impose trade sanctions, but then country Y will impose trade sanctions, and then country X will impose more sanctions, and pretty soon every thing goes totally out of control especially if country Z gets involved, and then everyone loses.

,WTO has rules for preventing things from getting out of hand.

If country X does something that country Y doesnt like, it goes before a dispute settlement panel.

If the panel rules against country X, then country X can either withdraw the action or WTO will authorize country Y to impose countervailing trade duties.

At that point, you dont have things go totally out of control.

One other thing is that because the dispute process is long and slow, it means that tit-for-tat games slow down.

World Trade Organisation PDF

Whatu2019s so bad about about a no-deal Brexitu2026You mean aside from all the border checks and export tariffs, the motorway queues and transport delays, the shortages of foods and medicines, the loss of thousands of jobs and foreign investment, the collapse of sterling, the business closures, the public disorder and all the other national calamities that our own Government has suggested we prepare for?,Government verdict on no-deal Brexit: food price hikes, Dover delays and u00a313bn cost to business - as it happened | Guardian,No deal Brexit would see UK state of emergency, warns Dominic Grieve | Sky News,No Deal Brexit: Issues, Impacts and Implications | UK in a Changing Europe,UK accused of u2018misleadingu2019 over no-deal Brexit ports disruption | Financial Times,,Okay, first:,There is actually no such thing as a u2018no-dealu2019 Brexit or u2018clean breaku2019.

If the UK leaves on 31 October (or whenever) without a new agreement in place, then all the laws and regulations that have governed the relationship between the UK and the rest of the EU for nearly half a century just disappear overnight.

The very next day, the UK needs to start work on negotiating new agreements with the EU.

Those negotiations wonu2019t take days or weeks or months.

They will take years.

Theresa May had agreed a smooth transitionary period for this to happen in her EU Withdrawal Agreement, but thatu2019s gone.

Now, once the UK has left the EU, itu2019s the EU who will set the agenda for any further negotiations.

And the very first items on the agenda will be those to do with citizens rights, the Irish border and the financial settlement u2014 all of which were already addressed by the now-redundant Withdrawal Agreement.

,What u2018no dealu2019 really means is u2014,u201cLetu2019s just leave the EU now u2026 throwing UK-EU relations into a state of chaos u2026 and then spend years trying to work out a raft of new deals with the EUu201d,u2014 as opposed to u2014,u201cLetu2019s avoid chaos altogether by implementing the Withdrawal Agreement.

u201d,Leaving without any deal certainly wonu2019t enable the British people or politicians to put Brexit behind them.

It means the aftermath of Brexit and the need for post-Brexit negotiations will preoccupy British politicians and dominate the headlines in the UK for the next decade.

,What does no deal really mean? | BBC,There is simply no such thing as a no deal Brexit | Prospect,Donu2019t buy the bluff.

Hereu2019s the truth about no-deal Brexit | Guardian,Hopes of clean break with EU are nonsense, says ex-Brexit official | Guardian,No deal Brexit to plunge EU and UK into u2018swamp-likeu2019 deadlock, says CBI chief | Express,A no deal Brexit would not be a clean Brexit | UK in a Changing Europe,,Second:,No-deal means playing by rules set by foreigners and unelected bureaucratsWhat, you thought that was the key benefit of leaving the EU? To be rid of international rules and regulations set by unelected foreign officials in Brussels? u201cTaking back control?u201d,Out of 34,000 UK regulations, only 4,500 are imported from the EU.

Of those, 98% were voted for by British MEPs because they are worth having.

Only 72 were voted against by the British.

(A guy on Twitter has examined them all.

See this Thread by @mac_puck),If u201ctaking back controlu201d means things like being free to ignore the EUu2019s ban on cancer-causing pesticides, itu2019s pretty silly.

,But a no-deal scenario is even sillier.

Why? Because the UK then becomes bound by international rules set behind closed doors in Geneva (not Brussels), the HQ of the World Trade Organisation (WTO).

And those rules are u201cdictatedu201d by 150 (not just 28) nations.

,u201cThe WTO option is the cold hard floor on which the UK will splat down if no safety net is in place in time.

u201d u2014 Brexit and the issue of the WTO schedules.

Financial Times, 28 Feb 2017,And thatu2019s just the starting point from which the UK will be seeking new deals with the EU, the USA and other major trading partners.

,When a small country applies to trade with an enormous power, guess which of those two gets to call the shots?,Why do you think we joined the single market in the first place?,Eurosceptics would quickly come to despise the WTO | Prospect,Everything you might want to know about the UKs trade with the EU | FullFact,China would be big winner from no-deal Brexit, UN study finds | SCMP,A quick US trade deal wont help Britain avoid Brexit damage, economists say | CNBC,,Third:,A no-deal Brexit benefits absolutely no one except a few ultra-wealthy tax-dodgersThe EUu2019s Anti Tax Avoidance Directive (published 2016 - note the year), comes into full effect on New Yearu2019s Day, 2020.

This new directive seeks to stamp out loopholes that allow multinational businesses to avoid paying corporate tax.

,And the British economy could really do with all that unpaid corporate tax u2014 it amounts to over u00a330 billion a year, which is way more than we pay into the EU, and is more than enough to end austerity and boost public services.

,But the current leaders of the Conservative Party have other plans.

Itu2019s no coincidence that David Cameron announced the date for the EU referendum soon after the exact details of the Antiu2013Tax Avoidance Directive (ATAD) were revealed.

Itu2019s no coincidence that both Leave campaigns (Farageu2019s and Johnsonu2019s) were sponsored by tax-avoiding tycoons.

They are the ones who have been driving Brexit all along, simply to keep their millions out of the reach of HMRC u2014 individuals like Lord Rothermere (owner of the Daily Mail), the Barclay brothers (the Telegraph), Rupert Murdoch (The Sun and The Times), and Farageu2019s friend Arron Banks.

And all of whom channel their income through offshore businesses to avoid paying UK tax.

,While the ATAD doesnu2019t directly affect Britainu2019s offshore tax havens yet, they are the next obvious target.

The only thing that Boris Johnson et al have to do on behalf of their wealthy backers is to take the UK out of the EU before the EU can ruin their game.

,Brexit leaders prove that the campaign to leave the EU was entirely driven by self-interests | The London Economic,Brexit campaign was largely funded by five of the richest men in Britain | Independent,How the super-rich bought their Brexit victory | InFacts,,Fourth:,The UK will be economically damaged by a no-deal Brexit for decades.

Of course, the UK will no longer have to pay the annual u00a313 billion contribution to the EU budget.

But the return on investment to the UK for that membership contribution is between five and fifteen times greater.

So we are going to lose out something between u00a360 billion and u00a3200 billion u2026 for the sake of u2018savingu2019 u00a313 billion.

,The price of imported products and services will go up.

Sales of British products and services will go down.

International manufacturers are likely to relocate their UK operations to the EU 27 to avoid delays in components coming across the border.

,The economic price of going through no-deal Brexit is estimated to be an 8% drop in the nationu2019s income (GDP) per year.

Thatu2019s massive.

,Well, Nigel Farage reckons thatu2019s u201ca bargainu201d and u201ca price well worth payingu201d u2014 but then heu2019s a multi-millionaire who avoids paying UK tax, so he should be fine.

But what about the rest of us?,Fact check: what will a no-deal Brexit will mean for the UK? | The Week,Inflation at 3.

5% and a two-year recession: the impact of no deal | LSE,No-Deal Brexit Would Be Instantaneous Shock To UK Economy, Bank Of England Warns | HuffPost,No-deal Brexit: donu2019t ask u2018ifu2019 the economy will be hit, but u2018how muchu2019 and u2018for how longu2019 | LSE,No-deal Brexit could cause u00a330bn economic hit | BBC,No-deal Brexit is a tripwire into economic chaos | CBI,Cost of No-Deal Revisted [pdf] | UK in a Changing Europe,,What was that other thing?,Standing on our own two feet as an independent nationu2026Since its inception as the Kingdom of Great Britain in 1707, and then as the UK in 1801, Britain has stood on its own two feet and never lost sovereignty.

In fact, the British Governmentu2019s own white paper on Brexit affirms that u2014 despite how it may sometimes seem u2014 no sovereignty has ever been lost to the EU.

,The UK has as much sovereignty as it needs; the real issue is democracy.

,Power in the UK is arguably over-centralised in the Palace of Westminster.

(The UK has the most centralised government of the G7.

) Over the years, some Parliamentary powers have been transferred elsewhere (legitimately, by Parliament itself).

In addition to joining the EU, there has been the devolution of power to bodies like the Scottish Parliament and Welsh Assembly, the Human Rights Act of 1998, and the establishment of a Supreme Court in 2009, replacing the House of Lords as the UKs final court of appeal.

These changes enhance democracy without diminishing sovereignty.

,Like every other sovereign state on the planet that isnu2019t currently occupied by another power, the UK is already a politically independent nation.

But no country today can thrive with economic independence.

We live in an economically interdependent world.

All nations rely on international trade and commerce both for economic growth and for non-native goods and services.

,And if the global market is a jungle, the UK is no longer in a position to be the alpha predator; that role now belongs to the US and China.

Britain is much more secure and successful as a member of the pack, the European Union, which looks after its own and provides enough combined clout to take on the global sharks and bullies.

,Leaving the EU was always going to be a reckless leap in the dark, a monumental act of self-harm designed to benefit no one but a wealthy few.

,But leaving the EU without any deals in place is like jumping out of a plane without a parachute because youu2019re tripping on acid and convinced you can fly like Superman.

,Britain, the EU and the Sovereignty Myth | Independent,Brexit threatening UKs place among the worlds most competitive economies | Independent,Now is the worst time for global Britain | Centre for European Reform

What are the 6 functions of the WTO

The important objectives of WTO are:1.

To improve the standard of living of people in the member countries.

,2.

To ensure full employment and broad increase in effective demand.

,3.

To enlarge production and trade of good,4.

To increase the trade of services.

,5.

To ensure optimum utilization of world resources.

,6.

To protect the environment.

,7.

To accept the concept of sustainable development.

,Functions:The main functions of WTO are discussed below:1.

To implement rules and provisions related to trade policy review mechanism.

,2.

To provide a platform to member countries to decide future strategies related to trade and tariff.

,3.

To provide facilities for implementation, administration and operation of multilateral and bilateral agreements of the world trade.

,4.

To administer the rules and processes related to dispute settlement.

,5.

To ensure the optimum use of world resources.

,6.

To assist international organizations such as, IMF and IBRD for establishing coherence in Universal Economic Policy determination.

WTO objectives PDF

I cleared CBSE NET July 2016 in Management with 77% over cut of 64%,The exam was on 10 July 2016.

And it was only on 3rd May 2016, I made up my mind to give NET.

I looked at the syllabus of both Management and Commerce and decided to go for Management.

I dropped the idea of coaching as time was less and moreover my concepts were fresh as I graduated in April 2016.

I had roughly around two months and I didnot have even a single book with me.

So, I decided to make use of internet resources through hit and trial and drafted my preparation strategy.

,Since each section contains equal number of questions, I gave myself a timeframe of a month to cover the initial preparation for the exam.

I allocated 2-5 days to each subject depending on my expertise and the syllabus.

I started with the subjects that required detailed conceptual clarity such as economics and also preferred doing subjects in an order of theory and then analytics to stop getting bored.

,Also, once I was done with a subject, I gave half a day to solve questions from Question banks initially.

But then I released they were complete waste of time.

It is better to refer to previous question papers and attempt questions from then to test your concepts.

I divided the question papers in two compartments.

I used question papers before 2012 as well as few online tests to test my understanding of individual subjects once I finished them.

From 2012 onwards, I practiced the paper with the timeline and as a simulation of real life test.

This I did in last 25 days.

Practicing past year papers helps to manage your time and makes you familiar with types of questions and topics you could have missed.

So going through them is must!Also, make sure you makes notes for as you proceed because there is so much to do that you cannot revisit later , unless you have a year to prepare,To get an IDEA of Exam Pattern: refer to this site http://www.

cbsenetonline.

in/syllabus/I have put a detail analysis of online resources as well as strategy! Hope it helps,Unit I Economics:I started first with economics as it required detailed understanding of the concepts and was exhaustive.

I extensively used the site Homepage | YourArticleLibrary.

com: The Next Generation Library and http://economicsdiscussion.

com.

What I simply did was to write the topic name and add yourarticlelibrary as suffix.

And if some topic did require additional understanding, I watched videos from khanacademy.

org or YouTube and I must say they were really useful.

It took me 4 days to complete the syllabus with partial understanding.

Later in second month, I gave three days to brush through the concepts.

I could not find any substantial material on Infrastructure-Management and Policy,Unit II Organizational Behavior:Lots of theories and chances are high that you wonu2019t be able to finish it in one go.

So you can complement with analytical subjects such as Statistics.

You cannot ignore this section as every section has an equal amount of question.

You can refer to Organizational Behavior e-book by Robbins.

However for in-depth study, Just Google the topics such as Motivation, attitude with suffix pdf as well as shodhganga and you will find plenty of material online.

Managementstudyguide .

com also contains relevant material.

One thing that helped me here was that I noted down which theory was given by whom.

(Appicable to theories of Economics also).

As previous question paper do contain questions on matching the theories with respective person.

,Unit III and Elective I HRM:I would suggest combining these sections together as they overlap.

With no offence to HRM people and practitioner, I would like to state that I did not like the subject.

OB too had a lot of theories but contribution from fields of psychology, sociology made it interesting to read.

,http://Whatishumanresource.

com is a comprehensive site covering all topics.

For more probing, you can Google the topics with yourarticlelibrary as suffix.

I also referred to K.

Aswathhapa book since it was lying at home but I am not sure if it helped a lot or not.

,Unit IV and Elective III : Finance.

,It was a cakewalk for me as itu2019s my specilisation .

But for those who are afraid of finance.

You donu2019t need to delve deep into it .

Basic concepts and formulas will suffice.

Again just Google these topics with pdf or ppt as suffix .

Also for topics such as Derivatives, do watch videos from YouTube and Khan Academy to gain deep understanding.

Donu2019t start solving problems for Mergers and Acquisitions, only basic understanding of terms used in M& A (Wikipedia) and concept of exchange ratio would do well.

Sites such as investopedia, shodhganga, efinance Management Resources and Information.

, ncert were used by me.

The PPTu2019s/Videos by CFA institute are also very simple and can be referred too.

I did not find much material on Corporate Risk Management and International Financial Management.

I referred to my International Finance notes of MBA for cursory reading.

,Unit V and Elective II Marketing:Kotler, Kotler .

Nothing else.

It might be frustrating that you wonu2019t get a lot of data online for marketing especially for topics such as CRM, internet banking and export marketing.

So stick to Kotler.

But Kotler requires a deep reading not skimming.

I did refer to consumer behavior theories by reading material of department of management of some IIT( I donu2019t remember exactly which IIT).

I also gave 4-5 days but it was not enough.

Later ,I just gave one hour everyday with other subject day.

,UNIT VI Operations Management:Lots of data will be online and you can refer to videos by the NPTEL (joint initiative by seven IITs and IISc Bangalore) for Inventory control, PERT/CPM, Linear Programming, Game theory and Queuing.

I also used PPTs by csus.

edu to read about the topics in first part.

If you have-not studied these topics before such as queuing, then I would suggest do go through videos first rather than attempting to understand them on your own.

,UNIT VII Statistics:No dearth of material online.

Quality as well as Quantity is sufficient.

I used Boston university stats pdf, http://onlinesttatbook.

com and Statistics and Probability apart from Wikipedia.

Keep on making notes please and study the differences between all distribution and correlation and regression in deep.

You can score all questions right for this section if your concepts are clear.

Also to revise you can download concise PPTS by adding the suffix PPT to the topic name.

,To be frank, the second part of this section related to technology was really not my cup of tea.

I hated it.

No matter how much I tried, I couldnu2019t bring myself to give my best and I left it.

Though through some basic knowledge, I did attempted questions and got through it.

,UNIT VIII Strategy:Sites such as Huntingdon College - This is the official website of Huntingdon College.

, California State University, Northridge helped.

All material and PPTs are available online.

There are some topics of which you will never find a good PPT such as Globalization of financial system and services, managing international business or diversity .

I guess there are full fledged books on them in library and you can refer to them if you have time .

,UNIT IX: Entrepreunership and Small Business :Vague Vague Vague.

I would advise you to go to government site of Ministry of micro, small and medium enterprise (http://msme.

gov.

in/) and look at the structure and their recent programs for promotion of small industries.

Read about RBI guidelines on rehabilitation of small industry, New companies act section on rehabilitation and about SICA and BIFR.

Try to remember the names of institutions and their year of incorporation and objectives such as of SIDBI , MUDRA, NIESBUD, SIDO, KVIC etcAlso for Entrepreneurship section, read about the theories of entrepreneurship and about their author on Wikipedia.

Nothing substantial can be found online.

Rest all to bhagwan because you donu2019t get to know what the hell will they ask but reading random things on net by goggling topic before sleeping helps.

:P,UNIT X EthicsSurely, one of the most irritating sections.

Go through ethical theories such as deontological, theological, virtue etc.

Read Revised Clause of 49 of Corporate Governance and also about CSR rules in India by referring to Section 135 of companies Act.

Refer to theories of Corporate Governance such as Agency theory, Stakeholder theory etc.

Read about evolution of Corporate Governance in India and various committees associated with it.

,Again,rest all to bhagwan because you donu2019t get to know what the hell will they ask but reading random things on net by goggling topic before sleeping helps.

: P,Elective IV:Foreign TradeThis section is really comprehensive and requires patience.

It has plenty of material online.

I would suggest use WTO original site for all topics related to WTO.

(https://www.

wto.

org/english/thewto_e/whatis_e/tif_e/tif_e.

htm).

,You can download it in a pdf form also.

To read about international trade blocs search Economic Block, Custom Union, Common market etc and their examples.

Read about theories of international trades in globalisation.

,For foreign policy, go through the ministry official site for FP 2015-2020.

Sites such as http://www.

exim-policy.

com/ , http://www.

indiantradeportal.

in/ can be used to read about recent schemes by government.

howtoimportexport Resources and Information.

, yourarticlelibrary will help to clear concepts about export documentation, chartering practice etc.

For FDI, read about their theories and go through http://www.

makeinindia.

com/home to get an idea about sectors allowing FDI in India,For Exchange risk measurement, pick up a good book or borrow notes of your peers who have attended the International Finance Module as part of their MBA curriculum.

It will save time rather than searching online aimlessly.

,Paper I: General Paper on Teaching and Research Aptitude: It was only in last ten days that I touched this section.

I focused on reasoning, logical reasoning, reading comprehension and DI section as these topics will definitely help you get sure shot answers if practiced well.

The level of questions was very easy compared to CAT.

I would suggest that solve one paper first to see the type of questions and your ability.

I did refer to True manu2019s book on this section for practice.

Try reading online at least half an hour on any topic in the remaining sections by reading GK capsules on Indian Polity, Governance and Administration.

Refer to Wikipedia for structure of education in India and also visit ministry of hrd site for finding out about the universities in India and the rules governing them.

For ICT section, you can download any beginner guide as pdf.

Try giving half an hour every day since start of your preparation for the vague topics and it will be sufficient.

Keep on practicing the last year question papers to get an idea about the questions.

I will keep on editing this answer to include useful tips as I remember!