Lending Credibility

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Lending Credibility

Author : Randall W. Stone
Publisher : Princeton University Press
ISBN 13 : 1400824435
Total Pages : 311 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Lending Credibility by : Randall W. Stone

Download or read book Lending Credibility written by Randall W. Stone and published by Princeton University Press. This book was released on 2012-01-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the IMF exert over fiercely contested issues in domestic politics that affect the lives of millions? In Lending Credibility, Randall Stone develops the first systematic approach to answering this question. Deploying an arsenal of methods from a range of social sciences rarely combined, he mounts a forceful challenge to conventional wisdom. Focusing on the former Soviet bloc, Stone finds that the IMF is neither as powerful as some critics fear, nor as weak as others believe, but that the answer hinges on the complex factor of how much credibility it can muster from country to country. Stone begins by building a formal, game-theoretic model of lending credibility, which he then subjects to sophisticated quantitative testing on original data from twenty-six countries over the 1990s. Next come detailed, interview-based case studies on negotiations between the IMF and Russia, Ukraine, Poland, and Bulgaria. Stone asserts that the IMF has exerted startling influence over economic policy in smaller countries, such as Poland and Bulgaria. However, where U.S. foreign policy interests come more heavily into play, as in Russia, the IMF cannot credibly commit to enforcing the loans-for-policy contract. This erodes its ability to facilitate enduring market reforms. Stone's context is the postcommunist transition in Europe and Asia, but his findings carry implications for IMF activities the world over.

Lending Credibility

Author : Randall W. Stone
Publisher :
ISBN 13 : 9781283380027
Total Pages : 286 pages
Book Rating : 4.3/5 (8 download)

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Book Synopsis Lending Credibility by : Randall W. Stone

Download or read book Lending Credibility written by Randall W. Stone and published by . This book was released on 2002 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the IMF exert over fiercely contested issues in domestic politics that affect the lives of millions? In "Lending Credibility," Randall Stone develops the first systematic approach to answering this question. Deploying an arsenal of methods from a range of social sciences rarely combined, he mounts a forceful challenge to conventional wisdom. Focusing on the former Soviet bloc, Stone finds that the IMF is neither as powerful as some critics fear, nor as weak as others believe, but that the answer hinges on the complex factor of how much credibility it can muster from country to country. Stone begins by building a formal, game-theoretic model of lending credibility, which he then subjects to sophisticated quantitative testing on original data from twenty-six countries over the 1990s. Next come detailed, interview-based case studies on negotiations between the IMF and Russia, Ukraine, Poland, and Bulgaria. Stone asserts that the IMF has exerted startling influence over economic policy in smaller countries, such as Poland and Bulgaria. However, where U.S. foreign policy interests come more heavily into play, as in Russia, the IMF cannot credibly commit to enforcing the loans-for-policy contract. This erodes its ability to facilitate enduring market reforms. Stone's context is the postcommunist transition in Europe and Asia, but his findings carry implications for IMF activities the world over.

Borrowing Credibility

Author : Jana Grittersová
Publisher : University of Michigan Press
ISBN 13 : 0472123084
Total Pages : 310 pages
Book Rating : 4.4/5 (721 download)

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Book Synopsis Borrowing Credibility by : Jana Grittersová

Download or read book Borrowing Credibility written by Jana Grittersová and published by University of Michigan Press. This book was released on 2017-07-28 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nations with credible monetary regimes borrow at lower interest rates in international markets and are less likely to suffer speculative attacks and currency crises. While scholars typically attribute credibility to domestic institutions or international agreements, Jana Grittersová argues that when reputable multinational banks headquartered in Western Europe or North America open branches and subsidiaries within a nation, they enhance that nation’s monetary credibility. These banks enhance credibility by promoting financial transparency in the local system, improving the quality of banking regulation and supervision, and by serving as private lenders of last resort. Reputable multinational banks provide an enforcement mechanism for publicized economic policies, signaling to international financial markets that the host government is committed to low inflation and stable currency. Grittersová examines actual changes in government behavior of nations trying to gain legitimacy in international financial markets, and the ways in which perceptions of these nations change in relation to multinational banks. In addition to quantitative analysis of over 80 emerging-market countries, she offers extensive case studies of credibility building in the transition countries of Eastern Europe, Argentina in 2001, and the global financial crisis of 2008. Grittersová illuminates the complex interactions between multinational banks and national policymaking that characterize the process of financial globalization to reveal the importance of market confidence in a world of mobile capital.

The Assassination of Hole in the Day

Author : Anton Treuer
Publisher : Borealis Books
ISBN 13 : 9780873517799
Total Pages : 328 pages
Book Rating : 4.5/5 (177 download)

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Book Synopsis The Assassination of Hole in the Day by : Anton Treuer

Download or read book The Assassination of Hole in the Day written by Anton Treuer and published by Borealis Books. This book was released on 2011 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the murder of the controversial Ojibwe chief who led his people through the first difficult years of dispossession by white invaders--and created a new kind of leadership for the Ojibwe.

Conditionality as an Instrument of Borrower Credibility

Author : Mr.Pierre Dhonte
Publisher : International Monetary Fund
ISBN 13 : 1451974426
Total Pages : 18 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Conditionality as an Instrument of Borrower Credibility by : Mr.Pierre Dhonte

Download or read book Conditionality as an Instrument of Borrower Credibility written by Mr.Pierre Dhonte and published by International Monetary Fund. This book was released on 1997-02-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fund member countries that adopt market-friendly policies often encounter a credibility problem—market-friendly policies are not effective in stimulating private investment as long as there remains a significant risk of policy reversal. The root of this risk lies in the discretionary policy-making authority of governments. Committing to a program with the Fund, and endorsing its conditionality, is one instrument available to governments to overcome this difficulty. The paper develops this interpretation of conditionality and indicates some of its operational implications for Fund programs.

Borrowing Credibility

Author : Jana Grittersova
Publisher : University of Michigan Press
ISBN 13 : 0472130463
Total Pages : 311 pages
Book Rating : 4.4/5 (721 download)

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Book Synopsis Borrowing Credibility by : Jana Grittersova

Download or read book Borrowing Credibility written by Jana Grittersova and published by University of Michigan Press. This book was released on 2017-07-28 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores multinational banks' role in enhancing monetary credibility, revealing the importance of market confidence in an interconnected world

Winning Credibility

Author : Matthew Michalewicz
Publisher : ReadHowYouWant.com
ISBN 13 : 1458710750
Total Pages : 367 pages
Book Rating : 4.4/5 (587 download)

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Book Synopsis Winning Credibility by : Matthew Michalewicz

Download or read book Winning Credibility written by Matthew Michalewicz and published by ReadHowYouWant.com. This book was released on 2009-07-27 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than half of new businesses fail within five years, and many of those that endure can't seem to bridge the gulf between just surviving and true success. If you want to beat the odds, then your business will need Winning Credibility. This book is a practical how-to guide for overcoming the hurdles that all entrepreneurs face when starting and growing a business. Serial entrepreneurs Matthew Michalewicz and Zbigniew Michalewicz provide countless out-of-the-box solutions for: winning that first major client; signing up partners and resellers; building an all-star management team; leveraging new customers from existing customers; the media and analysts; engaging high-profile board members; investors who provide more than just money; and much more. Explained in simple and easy-to-understand terms, the credibility-building principles in this book can give your business a winning edge.

The Myth of the Medieval Jewish Moneylender

Author : Julie L. Mell
Publisher : Springer
ISBN 13 : 1137397780
Total Pages : 336 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis The Myth of the Medieval Jewish Moneylender by : Julie L. Mell

Download or read book The Myth of the Medieval Jewish Moneylender written by Julie L. Mell and published by Springer. This book was released on 2017-10-14 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges a common historical narrative, which portrays medieval Jews as moneylenders who filled an essential economic role in Europe. It traces how and why this narrative was constructed as a philosemitic narrative in the nineteenth and twentieth centuries in response to the rise of political antisemitism. This book also documents why it is a myth for medieval Europe, and illuminates how changes in Jewish history change our understanding of European history. Each chapter offers a novel interpretation of central topics, such as the usury debate, commercial contracts, and moral literature on money and value to demonstrate how the revision of Jewish history leads to new insights in European history.

Institutions, Partisanship and Credibility in Global Financial Markets

Author : Hye Jee Cho
Publisher : Routledge
ISBN 13 : 1315445034
Total Pages : 184 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Institutions, Partisanship and Credibility in Global Financial Markets by : Hye Jee Cho

Download or read book Institutions, Partisanship and Credibility in Global Financial Markets written by Hye Jee Cho and published by Routledge. This book was released on 2017-07-28 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly integrated global financial markets have been shaken by a series of severe shocks in recent decades, from Mexico’s Tequila crisis to the upheavals in the Eurozone. These crises have demonstrated that signs of uncertain local economic and political conditions can result in market fluctuations which in turn cause economic, social, and political instability. Such instability is particularly severe for developing countries that rely heavily on international financial markets for their financial needs. Building credibility in these markets is therefore important for national governments who wish to prevent market panic and capital flight and, ultimately, to achieve stable economic growth. Earlier studies have argued that institutional arrangements that constrain governments and commit them to protecting private property rights and market-friendly policies can send a strong positive signal to the markets about a given country’s sovereign credibility. This book argues, however, that the market perception of such credibility-building institutions is significantly contingent on which party governs the country. Formal institutions confer significant credibility-building effects on left-wing governments, whereas less or no significant effects are enjoyed by right-wing governments. And beyond that, any significant changes in a country’s institutional landscape—such as a breakdown of democracy or joining an international organization that can influence domestic politics—have particularly strong impact on the credibility of left-wing governments. This argument is supported by a quantitative analysis of sovereign credit ratings data collected from around 90 developing countries from 1980 to 2007, by case studies from South Asia, Eastern Europe and Latin America, and by face-to-face interviews with 24 financial market experts based in Hong Kong, Seoul, and Paris.

Essential English for Competitive Examinations - 2nd Edition

Author : Dr. Rashmi Singh
Publisher : Disha Publications
ISBN 13 : 9389187877
Total Pages : pages
Book Rating : 4.3/5 (891 download)

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Book Synopsis Essential English for Competitive Examinations - 2nd Edition by : Dr. Rashmi Singh

Download or read book Essential English for Competitive Examinations - 2nd Edition written by Dr. Rashmi Singh and published by Disha Publications. This book was released on 2019-08-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Disha’s ESSENTIAL ENGLISH, true to its name, covers every essential topic and every essential type and pattern of MCQs asked in various competitive examinations conducted in India. It will serve as a SINGULAR VOLUME to provide complete preparation for scoring high in the English section of any competitive exam. Essential features of the book • Organised into IV parts: Grammar, Verbal Aptitude, RC & Para jumbles; Descriptive English - including 40 Chapters grouped under 10 Segments. • Grammar topics and sub-topics explained in an easy-to-understand manner. • Classroom Exercises to test and reinforce in-depth understanding of Concepts. • Extensive Exam pattern MCQs on each Topic to give you complete practice. • Dedicated Chapters for every specific MCQ pattern. • Things To Remember/Strategies To Employ for solving each Question Type. • 5000+ MCQs in all with Answers and Explanations. • Descriptive composition – Essay, Précis, Letter.

Central Bank Credit to the Government

Author : Mr.Luis Ignacio Jácome
Publisher : International Monetary Fund
ISBN 13 : 1463957394
Total Pages : 44 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Central Bank Credit to the Government by : Mr.Luis Ignacio Jácome

Download or read book Central Bank Credit to the Government written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2012-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government expenditure; (ii) in a large number of emerging and developing countries, short-term financing is allowed in order to smooth out tax revenue fluctuations; (iii) in most countries, the terms and conditions of these loans are typically established by law, such that the amount is capped at a small proportion of annual government revenues, loans are priced at market interest rates, and their maturity falls within the same fiscal year; and (iv) in the vast majority of countries, financing other areas of the state, such as provincial governments and public enterprises, is not allowed. The paper does not address central banks' financial support during financial crises.

Reputation and International Cooperation

Author : Michael Tomz
Publisher : Princeton University Press
ISBN 13 : 1400842921
Total Pages : 328 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Reputation and International Cooperation by : Michael Tomz

Download or read book Reputation and International Cooperation written by Michael Tomz and published by Princeton University Press. This book was released on 2012-01-09 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He explains how governments acquire reputations in the eyes of investors, and argues that concerns about reputation sustain international lending and repayment. Tomz's theory generates novel predictions about the dynamics of cooperation: how investors treat first-time borrowers, how access to credit evolves as debtors become more seasoned, and how countries ascend and descend the reputational ladder by acting contrary to investors' expectations. Tomz systematically tests his theory and the leading alternatives across three centuries of financial history. His remarkable data, gathered from archives in nine countries, cover all sovereign borrowers. He deftly combines statistical methods, case studies, and content analysis to scrutinize theories from as many angles as possible. Tomz finds strong support for his reputational theory while challenging prevailing views about sovereign debt. His pathbreaking study shows that, across the centuries, reputations have guided lending and repayment in consistent ways. Moreover, Tomz uncovers surprisingly little evidence of punitive enforcement strategies. Creditors have not compelled borrowers to repay by threatening military retaliation, imposing trade sanctions, or colluding to deprive defaulters of future loans. He concludes by highlighting the implications of his reputational logic for areas beyond sovereign debt, further advancing our understanding of the puzzle of cooperation under anarchy.

Model Rules of Professional Conduct

Author : American Bar Association. House of Delegates
Publisher : American Bar Association
ISBN 13 : 9781590318737
Total Pages : 216 pages
Book Rating : 4.3/5 (187 download)

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Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates

Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

The Prudential Regulation of Banks

Author : Mathias Dewatripont
Publisher :
ISBN 13 : 9780262513869
Total Pages : 0 pages
Book Rating : 4.5/5 (138 download)

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Book Synopsis The Prudential Regulation of Banks by : Mathias Dewatripont

Download or read book The Prudential Regulation of Banks written by Mathias Dewatripont and published by . This book was released on 1994-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Prudential Regulation of Banks applies modern economic theory to prudential regulation of financial intermediaries. Dewatripont and Tirole tackle the key problem of providing the right incentives to management in banks by looking at how external intervention by claimholders (holders of equity or debt) affects managerial incentives and how that intervention might ideally be implemented. Their primary focus is the regulation of commercial banks and S&Ls, but many of the implications of their theory are also valid for other intermediaries such as insurance companies, pension funds, and securities funds. Observing that the main concern of the regulation of intermediaries is solvency (the relation between equity, debt, and asset riskiness), the authors provide institutional background and develop a case for regulation as performing the monitoring functions (screening, auditing, convenant writing, and intervention) that dispersed depositors are unable or unwilling to perform. They also illustrate the dangers of regulatory failure in a summary of the S&L crisis of the 1980s. Following a survey of banking theory, Dewatripont and Tirole develop their model of the capital structure of banks and show how optimal regulation can be achieved using capital adequacy requirements and external intervention when banks are violated. They explain how regulation can be designed to minimize risks of accounting manipulations and to insulate bank managers from macroeconomic shocks, which are beyond their control. Finally, they provide a detailed evaluation of the existing regulation and of potential alternatives, such as rating agencies, private deposit insurance, and large private depositors. They show that these reforms are, at best, a complement, rather than a substitute, to the existing regulation which combines capital ratios with external intervention in case of insolvency. The Prudential Regulation of Banks is part of the Walras Pareto Lectures, from the Universiy of Lausanne.

The Financial Crisis Inquiry Report

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

The Politics of IMF Lending

Author : M. Breen
Publisher : Springer
ISBN 13 : 1137263814
Total Pages : 146 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis The Politics of IMF Lending by : M. Breen

Download or read book The Politics of IMF Lending written by M. Breen and published by Springer. This book was released on 2013-08-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: As national governments continue to disagree over how to respond to the aftermath of the global financial crisis, two of the few areas of consensus were the decisions to increase the IMF's capacity to respond and remove the policies designed to limit the use of its resources. Why was this massive increase in the size of the IMF, accompanied by the removal of policies designed to limit moral hazard, such an easy point of consensus? Michael Breen looks at the hidden politics behind IMF lending and proposes a new theory based on shareholder control. To test this theory, he combines statistical analysis with a sweeping account of IMF lending and conditionality during two global crises; the European sovereign debt crisis and the Asian financial crisis.

Guide to English & Logical Reasoning for BITSAT with past 5 Year Solved Papers (2017-2013) + 10 Mock Tests - 6th Edition

Author : Disha Experts
Publisher : Disha Publications
ISBN 13 : 9386629968
Total Pages : 428 pages
Book Rating : 4.3/5 (866 download)

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Book Synopsis Guide to English & Logical Reasoning for BITSAT with past 5 Year Solved Papers (2017-2013) + 10 Mock Tests - 6th Edition by : Disha Experts

Download or read book Guide to English & Logical Reasoning for BITSAT with past 5 Year Solved Papers (2017-2013) + 10 Mock Tests - 6th Edition written by Disha Experts and published by Disha Publications. This book was released on with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book "English & Logical Reasoning for BITSAT with past 5 years Solved Papers (2017-2013) + 10 Mock Tests (5 in Book and 5 Online Tests)" provides the Key Concepts and sufficient practice to crack this section of BITSAT. • The book contains BITSAT 2017-2013 Fully Solved Question Papers which effectively help students in the preparation process. These papers give a basic idea about the test pattern asked in the BITSAT. • The book covers English Proficiency - Vocabulary, Grammar, Reading Comprehension, Composition; Verbal Reasoning - Analogy, Classification Or Odd Man Out, Series, Logical Deduction, Chart Logic; Non- Verbal Reasoning - Pattern Perception Or Completion Of Figures, Figure Formation & Analysis, Paper Cutting, Figure matrix, Rule Detection. • The book also contains 10 Mock Papers on the pattern of BITSAT for practice. Out of the 10 Tests, 5 are provided in the form of Online Tests and 5 are provided in the book. • The Mock Online Tests provides Insta Results, Solutions and Analytics related to section-wise and chapter-wise absolute and relative feedback. The details to access the Online Tests are provided in the book. • The solutions to the 5 Mock Tests in the book are provided at the end of the tests. • The book is also empowered with Smart Revision Material for Physics, Chemistry and Mathematics. • This book is a One Stop Solution as the students are already prepared for JEE Main. The students require a quick revision material of PCM and detailed material on English & Logical Reasoning along with Practice Mock Tests. The Online Tests provides the online exposure to the students.