Paper 1 of Phase 2 has a 30 marks question on \u201cEssay Writing\u201d. You can get topics which pertain to socio-economic issues, technology or finance.<\/p>\n\n\n\n
In addition to this, they might provide you with an abstract or statement on which you might be expected to write an essay.<\/p>\n\n\n\n
You will get one question from each category and you have a choice to attempt any one out of three.<\/p>\n\n\n\n
Often, the paper setters can surprise you by asking subjective answer-type questions from the law syllabus of the Grade A Exam.<\/p>\n\n\n\n
For example, here is a question that was asked this year for Essay Writing. <\/p>\n\n\n\n
What are Asset Reconstruction Companies? What are their roles and functions? <\/strong> <\/strong>[Paper 2 of Phase II, 2022 SEBI Grade A Examination; 30 marks]<\/p>\n\n\n\n How long should your answer be? <\/p>\n\n\n\n Max. 200 words. You can write less, but not more – as the system will start prompting you that you have exceeded the word limit.<\/p>\n\n\n\n It helps to divide the essay into multiple paragraphs of 2-3 lines. Make sure that the sentences are short.<\/p>\n\n\n\n Let us see one answer:<\/p>\n\n\n\n Asset Reconstruction Companies are specialised companies set up under the SARFAESI Act, under a licence from the Reserve Bank of India, with the purpose of acquiring non-performing assets (NPAs) of banks and financial institutions. [Broadest level explanation giving example of 1 function<\/strong>]<\/p>\n\n\n\n Currently, Gross NPAs of banks run into Rs. 8,00,463 crore. [Numbers add emphasis<\/strong>]<\/p>\n\n\n\n ARCs can acquire these stressed assets and further sell these within 8 years. This helps in cleaning up the books of banks. [Most important purpose of an ARC]<\/strong><\/p>\n\n\n\n Examples of ARCs are ARCIL, Reliance Asset Reconstruction Company Limited, etc. [this shows that the reading is not just academic as you are giving real examples<\/strong>]<\/p>\n\n\n\n Individual ARCs do not have adequate capital to take over a high volume of NPAs. Hence, the government announced a National Asset Reconstruction Company in the 2021-22 Budget, as per which banks can sell stressed assets for 15% upfront cash and 85% in Security Receipts [this shows awareness of current developments<\/strong>]<\/p>\n\n\n\n Creation of ARCs, however, is a temporary solution for solving the NPA problem, as they are shock absorbers for financial institutions which have given bad loans. In the long-term, the NPA problem can only be reduced by appropriate training of banks and employees to better manage loans and NPAs. [this shows that you have a very \u2018sound opinion\u2019 on the topic<\/strong>] <\/p>\n\n\n\n Every participant who knows something about the issue will write 200 words – so how can you differentiate yourself? <\/p>\n\n\n\n What will make you stand apart? <\/p>\n\n\n\n Here is an unofficial checklist<\/strong><\/p>\n\n\n\n How can you prepare for essay-writing? <\/strong><\/p>\n\n\n\n It is very difficult to write an essay if you are unprepared for it.\u00a0<\/p>\n\n\n\n It\u2019s like playing cricket as a batsman. If you haven\u2019t played a certain type of ball in your net practice, chances are that you can\u2019t play it in the match too!<\/p>\n\n\n\n Therefore, the goal has to be to practise at least 150 important questions for essay writing for Phase 2 and get feedback, so that you are already prepared for it. <\/p>\n\n\n\n Sometimes people get confused while choosing the correct topic out of available choices. They randomly select a topic thinking they are prepared to answer all of them. You should know which essay topic can fetch better marks. This is also why practice is very important.<\/p>\n\n\n\n\n
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