Post on 06-Apr-2018
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 1/62
OBKVPG\ % ;
IHP\A@WOPIAH
• Asg|sigz ac pbg Ihw|khog Ih`wp|y
• V|acidg ac pbg a|jkhi~kpiah
•
V|aldge ac B@CO _DIO• Oaevgpipa| ihca|ekpiah
• _(Z(A(P( Khkdyi
;(; ASG\SIGZ AC PBG IH@W_P\Y ‟ IH_W\KHOG IH@W_P\Y
Pbg ihw|khog gopa| ih Ih ik bk oaeg k cwdd oi|odg c|ae lgihj kh avgh oaevgpipisg
ek|mgp pa hkpiahkdi~kpiah kh` lkom pa k dilg|kdi~g` ek|mgp kjkih( P|koihj pbg
`gsgdaveghp ih pbg Ih`ikh ihw|khog gopa| |gsgkd pbg ?36%`gj|gg pw|h ziphgg` asg| k
vg|ia` ac kdeap pza oghpw|ig(
Zipb wob k dk|jg vavwdkpiah kh` pbg whpkvvg` ek|mgp k|gk ac pbi vavwdkpiah Ihw|khog
bkvvgh pa lg k sg|y lij avva|pwhipy ih Ih`ik( Pa`ky ip pkh` k k lwihg j|azihj kp
pbg |kpg ac ;7%<6 vg| oghp khhwkddy( Pajgpbg| zipb lkhmihj g|siog$ ip k`` klawp : vg|
oghp pa pbg oawhp|ig J@V (Ih vipg ac kdd pbi j|azpb pbg pkpipio ac pbg vghgp|kpiah ac pbgihw|khog ih pbg oawhp|y i sg|y vaa|( Hgk|dy 26' ac Ih`ikh vavwdkpiah k|g zipbawp Dicg
ihw|khog oasg| kh` pbg Bgkdpb ihw|khog( Pbi i kh ih`iokpa| pbkp j|azpb vapghpikd ca|
pbg ihw|khog gopa| i ieeghg ih Ih`ik( Ip zk `wg pa pbi ieeghg j|azpb pbkp pbg
|gjwdkpiah zg|g ihp|a`wog` ih pbg ihw|khog gopa| kh` ih oahpihwkpiah pbg jasg|heghp ih
;99? pa grkeihg pbg sk|iaw kvgop ac pbg ih`wp|y oahpipwpg` —Ekdbap|k Oaeeippgg―(
];U
8/3/2019 Hdfc Proper Final
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Pbg mgy gdgeghp ac pbg |gca|e v|aog zk Vk|pioivkpiah ac asg|gk ihw|khog oaevkhig
zipb <3' okvipkd( O|gkpihj k ea|g gccioighp kh` oaevgpipisg cihkhoikd ypge wipkldg ca|
pbg |g{wi|geghp ac pbg goahaey zk pbg ekih i`gk lgbih` pbi |gca|e(
_ihog pbgh pbg ihw|khog ih`wp|y bk jahg pb|awjb ekhy gk obkhjg (Pbg oaevgpipiah
B@CO pk|pg` ckoihj c|ae pbgg oaevkhig zg|g pb|gkpghihj pa ip gripghog( _ihog pbg
dilg|kdi~kpiah ac pbg ih`wp|y pbg ihw|khog ih`wp|y bk hgsg| daamg` lkom kh` pa`ky
pkh` k pbg ahg ac pbg eap oaevgpipisg kh` grvda|ihj ih`wp|y ih Ih`ik( Pbg ghp|y ac pbg
v|iskpg vdkyg| kh` pbg iho|gkg` wg ac pbg hgz `ip|ilwpiah k|g ih pbg diegdijbp pa`ky(
Pbg wg ac hgz `ip|ilwpiah pgobhi{wg kh` pbg IP paad bk iho|gkg` pbg oavg ac pbg
ih`wp|y ih pbg dahjg| |wh(
IH_W\KHOG _GOPA\ \GCA\E_
Ih ;99?$ Ekdbap|k Oaeeippgg$ bgk`g` ly ca|eg| Cihkhog _go|gpk|y kh` \LI Jasg|ha|
\(H( Ekdbap|k$ zk ca|eg` pa gskdwkpg pbg Ih`ikh ihw|khog ih`wp|y kh` |goaeegh` ip
cwpw|g `i|gopiah(
Pbg Ekdbap|k oaeeippgg zk gp wv zipb pbg alngopisg ac oaevdgeghpihj pbg |gca|e
ihipikpg` ih pbg cihkhoikd gopa|(
Pbg |gca|e zg|g kieg` kp —o|gkpihj k ea|g gccioighp kh` oaevgpipisg cihkhoikd ypgewipkldg ca| pbg |g{wi|geghp ac pbg goahaey mggvihj ih eih` pbg p|wopw|kd obkhjg
ow||ghpdy wh`g|zky kh` |goajhi~ihj pbkp ihw|khog i kh ieva|pkhp vk|p ac pbg asg|kdd
cihkhoikd ypge zbg|g ip zk hgogk|y pa k``|g pbg hgg` ca| ieidk| |gca|e‣―
Ih ;990$ pbg oaeeippgg wleippg` pbg |gva|p kh` aeg ac pbg mgy |goaeegh`kpiah
Ihodw`g`>
i) _p|wopw|g
• Jasg|heghp pkmg ih pbg ihw|khog Oaevkhig pa lg l|awjbp `azh pa 76'
• Jasg|heghp bawd` pkmg asg| pbg bad`ihj ac JIO kh` ip wli`ik|ig a pbkp
pbgg wli`ik|ig okh kop k ih`gvgh`ghp oa|va|kpiah
]<U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 3/62
• Kdd pbg ihw|khog oaevkhig bawd` lg jisgh j|gkpg| c|gg`ae pa avg|kpg
ii) Oaevgpipiah
• V|iskpg Oaevkhig zipb k eihiewe vki` wv okvipkd ac \(;lh bawd` lg kddazg`
pa ghpg| pbg ih`wp|y(
• Ha Oaevkhy bawd` `gkd ih lapb Dicg kh` Jghg|kd Ihw|khog pb|awjb k ihjdg
ghpipy(
• Ca|gijh oaevkhig eky lg kddazg` pa ghpg| pbg ih`wp|y ih oaddkla|kpiah zipb pbg
`aegpio oaevkhig(
• Vapkd Dicg Ihw|khog bawd` lg kddazg` pa avg|kpg ih pbg |w|kd ek|mgp(
• Ahdy ahg _pkpg Dgsgd Dicg Ihw|khog Oaevkhy bawd` lg kddazg` pa avg|kpg ih
gkob pkpg(
iii) \gjwdkpa|y La`y
• Pbg Ihw|khog Kop bawd` lg obkhjg`(
• Kh Ihw|khog \gjwdkpa|y la`y bawd` lg gp wv(
• Oahp|addg| ac Ihw|khog "Ow||ghpdy k vk|p c|ae pbg Cihkhog Eihip|y) bawd` lg
ek`g ih`gvgh`ghp(
is) Ihsgpeghp
• Ekh`kpa|y Ihsgpeghp ac DIO Dicg Cwh` ih jasg|heghp gow|ipig pa lg |g`wog`
c|ae :7' pa 76'
• JIO kh` ip wli`ik|ig k|g hap pa bad` ea|g pbkh 7' ih khy oaevkhy "Pbg|g
ow||ghp bad`ihj pa lg l|awjbp `azh pa pbi dgsgd asg| k vg|ia` ac pieg)
s) Owpaeg| _g|siog
• DIO bawd` vky ihpg|gp ah `gdky ih vkyeghp lgyah` ?6 `ky(
• Ihw|khog oaevkhig ewp lg ghoaw|kjg` pa gp wv whip dihmg` vghiah vdkh(
• Oaevwpg|i~kpiah ac avg|kpiah kh` wv`kpihj ac pgobhadajy pa lg ok||ig` awp ih pbg
ihw|khog ih`wp|y(
]?U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 4/62
Pbg oaeeippgg gevbki~g` pbkp ih a|`g| pa iev|asg pbg owpaeg| g|siog kh` iho|gkg
pbg oasg|kjg ac pbg ihw|khog ih`wp|y= ip bawd` lg avghg` wv pa oaevgpipiah( Lwp kp pbg
keg pieg$ pbg oaeeippgg cgdp pbg hgg` pa grg|oig okwpiah k khy ckidw|g ah pbg vk|p ac
hgz vdkyg| oawd` |wih pbg vwldio oahci`ghog ih pbg ih`wp|y( Bghog$ ip zk `goi`g` pa
kddaz oaevgpipiah ih k dieipg` zky ly pivwdkpihj pbg eihiewe okvipkd |g{wi|geghp ac
\(;66 o|a|g( Pbg oaeeippgg cgdp pbg hgg` pa v|asi`g j|gkpg| kwpahaey pa ihw|khog
oaevkhig ih a|`g| pa iev|asg pbgi| vg|ca|ekhog kh` ghkldg pbge pa kop k ih`gvgh`ghp
oaevkhig zipb goahaeio eapisg( Ca| pbi vw|vag$ ip bk` v|avag` gppihj wv kh
ih`gvgh`ghp |gjwdkpa|y la`y(
Pbg Ihw|khog \gjwdkpa|y kh` @gsgdaveghp Kwpba|ipy
\gca|e ih pbg Ihw|khog gopa| zg|g ihipikpg` zipb pbg vkkjg ac pbg I\@K Lidd ih
Vk|dikeghp ih @gogelg| ;999( Pbg I\@K ihog ip ihoa|va|kpiah k k pkpwpa|y la`y ih
Kv|id <666 bk ckpi`iawdy pwom pa ip obg`wdg ac c|keihj |gjwdkpiah kh` |gjipg|ihj
pbg v|iskpg gopa| ihw|khog oaevkhig(
Pbg apbg| `goiiah pkmgh iewdpkhgawdy pa v|asi`g pbg wvva|pihj ypge pa pbg
ihw|khog gopa| kh` ih vk|piowdk| pbg dicg ihw|khog oaevkhig zk pbg dkwhob ac pbg
I\@K’ ahdihg g|siog ca| iwg kh` |ghgzkd ac dioghg pa kjghp(
Pbg kvv|askd ac ihpipwpiah ca| ievk|pihj p|kihihj pa kjghp bk kda ghw|g` pbkp pbgihw|khog oaevkhig zawd` bksg k p|kihg` za|mca|og ac ihw|khog kjghp ih vdkog pa gdd
pbgi| v|a`wop$ zbiob k|g grvgopg` pa lg ihp|a`wog` ly gk|dy hgrp ygk|(
_ihog lgihj gp wv k kh ih`gvgh`ghp pkpwpa|y la`y pbg I\@K bk vwp ih k c|kegza|m ac
jdalkddy oaevkpildg |gjwdkpiah( Ih pbg v|iskpg gopa| ;< dicg ihw|khog kh` 3 jghg|kd
ihw|khog oaevkhig bksg lggh |gjipg|g`(
IEVKOP AC DILG\KDI^KPIAH
Pbg ihp|a`wopiah ac v|iskpg vdkyg| ih pbg ih`wp|y bk k``g` pa pbg oada| ih pbg `wdd
ih`wp|y( Pbg ihipikpisg pkmgh ly pbg v|iskpg vdkyg| k|g sg|y oaevgpipisg kh` bksg jisgh
ieeghg oaevgpipiah pa pbg ah pieg eahavady ac pbg ek|mgp DIO( _ihog pbg k`sghp ac pbg
v|iskpg vdkyg| ih pbg ek|mgp pbg ih`wp|y bk ggh hgz kh` ihhaskpisg pgv pkmgh ly pbg
]0U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 5/62
vdkyg| ih pbi gopa|( Pbg hgz vdkyg| bksg iev|asg` pbg g|siog {wkdipy ac pbg
ihw|khog( K k |gwdp DIO `azh pbg ygk| bksg ggh pbg `godihihj vbkg ih ip ok|gg|(
OW\\GHP _OGHK\IA AC PBG IH@W_P\Y
IH_W\KHOG EK\MGP IH IH@IK
Ih`ik zipb klawp <66 eiddiah ei``dg odk bawgbad` baz k bwjg whpkvvg` vapghpikd ca|
vdkyg| ih pbg ihw|khog ih`wp|y( _kpw|kpiah ac ek|mgp ih ekhy `gsgdavg` goahaeig
bk ek`g pbg Ih`ikh ek|mgp gsgh ea|g kpp|kopisg ca| jdalkd ihw|khog ekna|( Pbg
ihw|khog gopa| ih Ih`ik bk oaeg pa k vaipiah ac sg|y bijb vapghpikd kh`
oaevgpipisghg ih pbg ek|mgp(
Ihhaskpisg v|a`wop kh` kjj|gisg `ip|ilwpiah bksg lgoaeg pbg ky ac pbg `ky( Ih`ikh$bksg kdzky ggh dicg ihw|khog k k pkr ksihj `gsiog$ k|g haz w``ghdy pw|hihj pa pbg
v|iskpg gopa| pbkp k|g v|asi`ihj pbge hgz v|a`wop kh` sk|igpy ca| pbgi| obaiog(
Dicg ihw|khog ih`wp|y i zkipihj ca| k lij j|azpb k ekhy Ih`ikh kh` ca|gijh oaevkhig
k|g zkipihj ih pbg dihg ca| pbg j|ggh ijhkd pa pk|p pbgi| avg|kpiah( Pbg Ih`ikh oahweg|
bawd` lg |gk`y haz lgokwg pbg ek|mgp i jaihj pa jisg pbge kh k||ky ac v|a`wop$
`iccg|ghp ih v|iog$ cgkpw|g kh` lghgcip( Baz pbg owpaeg| i jaihj pa ekmg bi obaiog
zidd `gpg|eihg pbg cwpw|g ac pbg ih`wp|y(
;( OW_PAEG\ _G\SIOG
Oahweg| |gekih pbg eap ieva|pkhp oghp|g ac pbg ihw|khog gopa|( Kcpg| pbg ghp|y ac
pbg ca|gijh vdkyg| pbg ih`wp|y i ggihj k dap ac oaevgpipiah kh` pbw iev|asgeghp ac
pbg owpaeg| g|siog ih pbg ih`wp|y( Oaevwpg|i~kpiah ac avg|kpiah kh` wv`kpihj ac
pgobhadajy bk lgoaeg ievg|kpisg ih pbg ow||ghp oghk|ia( Ca|gijh vdkyg| k|g l|ihjihj ih
ihpg|hkpiahkd lgp v|kopiog ih g|siog pb|awjb wg ac dkpgp pgobhadajig( Pbg ahg pieg
eahavady ac pbg DIO kh` ip kjghp k|g haz jaihj pb|awjb k pb|awjb |gsiiah kh`
p|kihihj v|aj|keeg pa okpob wv zipb pbg apbg| v|iskpg vdkyg|( Pbawjb dap i lgihj `ahg
]7U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 6/62
Ca| pbg iho|gkg` owpaeg| g|siog kh` k``ihj pgobhadajy pa ip lwp pbg|g i k dahj zky pa
ja kh` sk|iaw owpaeg| w|sgy ih`iokpg pbkp pbg pkh`k|` k|g pidd lgdaz owpaeg|
grvgopkpiah dgsgd(
<( @I_P\ILWPIAH OBKHHGD_
Pidd `kpg ihw|khog kjghp pidd |gekih pbg ekih aw|og pb|awjb zbiob ihw|khog v|a`wop
k|g ad`( Pbg oahogvp i sg|y zgdd gpkldibg` ih pbg oawhp|y dimg Ih`ik lwp pidd pbg
iho|gkihj wg ac apbg| aw|og i ievg|kpisg( Ip pbg|gca|g ekmg ghg pa daam kp zgdd%
lkdkhog`$ kdpg|hkpisg obkhhgd ac `ip|ilwpiah(
DIO bk kd|gk`y zgdd gpkldibg` kh` bksg kh grpghisg `ip|ilwpiah obkhhgd kh`
V|gghog( Hgz vdkyg| eky cih` ip grvghisg kh` pieg oahweihj pa l|ihj wv k
@ip|ilwpiah hgpza|m pa wob pkh`k|`( Pbg|gca|g pbgy k|g daamihj pa pbg `isg|g k|gk ac
`ip|ilwpiah obkhhgd pa bksg kh k`skhpkjg( Kp v|gghp pbg `ip|ilwpiah obkhhgd pbkp k|g
kskidkldg ih pbg ek|mgp k|g>
@i|gop gddihj
Oa|va|kpg kjghp
J|awv gddihj
L|amg| kh` oaavg|kpisg aoigpig
Lkho kw|khog
LKHOK_W\KHOG % Ih`ik bk kh grpghisg lkhm hgpza|m gpkldibg` asg| pbg ygk|(
Zbkp Ihw|khog oaevkhig bksg pa `a i pa nwp pkmg k`skhpkjg ac pbg owpaeg|* dahj%
pkh`ihj p|wp kh` |gdkpiahbiv zipb lkhm( Pbi i k ewpwkddy lghgcioikd ipwkpiah k
lkhm okh kda grvkh` pbgi| |khjg ac v|a`wop ah accg| pa owpaeg|$ zbidg pbg ihw|khog
oaevkhy zidd kda gk|h v|acip c|ae pbg grvaw|g( Khapbg| k`skhpkjg i pbkp lkhm$ zipb
pbgi| hgpza|m ih |w|kd k|gk$ bgdv pa cwdcidd |w|kd kh` aoikd aldijkpiah pivwdkpg` ly pbg
Ihw|khog \gjwdkpa|y kh` @gsgdaveghp Kwpba|ipy "I\@K) |goghpdy( Ihw|khog oaevkhig
bawd` gg lkho kw|khog k k paad ca| iho|gkihj pbgi| ek|mgp vghgp|kpiah ih Ih`ik( Ip i
kda jaa` ca| pbg ahg zba gg lkho kw|khog ih pg|e ac |g`wog` v|iog$ bijb {wkdipy
v|a`wop kh` `gdisg|y kp `aa|pgv( Gsg|yla`y i k zihhg| bg|g( Pbg o|gkpiah ac lkho
]3U
8/3/2019 Hdfc Proper Final
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kw|khog avg|kpiah bk ek`g kh ieva|pkhp ievkop ah pbg cihkhoikd g|siog ih`wp|y kp
dk|jg( Pbi i pbawjb k hgz oahogvp lwp ip bk jkihg` k dap ac ieva|pkhog ih pbg ih`wp|y kp
v|gghp kh` bk k j|gkp cwpw|g(
?( V\A@WOP IHHASKPIAH
Pbg|g bk lggh k vdgpba|k ac hgz kh` ihhaskpisg v|a`wop accg|g` ly pbg hgz vdkyg|(
Owpaeg| bksg p|gegh`aw obaiog c|ae k dk|jg sk|igpy ac v|a`wop c|ae vw|g pg|e "|im)
ihw|khog pa whip%dihmg` ihsgpeghp v|a`wop( Owpaeg| k|g accg|g` whlwh`dg` v|a`wop
zipb k sk|igpy ac lghgcip k |i`g| c|ae zbiob pbgy okh obaag( Ea|g owpaeg| k|g
lwyihj v|a`wop kh` g|siog lkg` ah pbgi| p|wg hgg` kh` hap nwp p|k`ipiahkd eahgy%
lkom vadioig$ zbiob i hap oahi`g|g` sg|y kvv|av|ikpg ca| dahj%pg|e v|apgopiah kh`
ksihj( Pbg|g i dap ac ksihj kh` ihsgpeghp vdkh ih pbg ek|mgp( Bazgsg|$ pbg|g k|g
pidd aeg mgy hgz v|a`wop ygp pa lg ihp|a`wog` % g(j( bgkdpb v|a`wop(
0( \W\KD EK\MGPIHJ
\w|kd Ih`ik gge pa bksg kh kvvgpipg ca| ealidg vbahg$ oaevwpg|$ kh` ok| kh` pa k``
pa ip zg bksg ihw|khog( Ih Ih`ik zipb pbg v|iskpg vdkyg| bksihj ghpg|g` ihpa pbgihw|khog ih`wp|y$ pbg grvgopg` grvdaiah ih nal avva|pwhipig eky hap kopwkddy bkvvgh
lwp ca| pbge pbg okpobeghp k|gk i pbg avva|pwhipig ih pbg |w|kd Ih`ik( Ih Ih ik pbg
ihw|khog lwihg okh lg ki` pa lg ,k ek|kpbah$ hap k v|ihp,( Pbi i lgokwg ac pbg
hkpw|g ac pbg lwihg lgihj dahj pg|e( Zipb eg|gdy pza ygk| ac pbg ih`wp|y lgihj
avghg`$ hap w|v|iihjdy$ pbg hgz oaeg| k|g ekmihj dag( Pbg vwldio gopa|
oaevkhig$ hapkldy pbg DIO$ bksg jkihg` ih p|ghjpb$ pbkhm pa pbg `ggvghihj ac pbg
ek|mgp oahg{wghp pa pbg kzk|ghg o|gkpg` ly pbg hgz oaevkhig( Bazgsg| pbi `ag
hap `gpg||g` pbg v|iskpg gopa|$ zbiob mhaz mhaz pbkp pbg |kog i k ek|kpbah$ hap k
v|ihp( Bazgsg| ip gge pbkp pbgy ic hap khypbihj$ k|g ahdy iho|gkihj pbgi| vgh`ihj$
pbawjb ahdy awp ac pbg okvipkd( Pa`ky$ pbg|g k|g ;2 ihw|khog oaevkhig ih Ih`ik
grodw`ihj pbg V_W’$ zipb ;< ih pbg dicg ihw|khog lwihg kh` pbg |gp ih hah%dicg (K
]:U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 8/62
Ihw|khog oaevkhig ja ea|g kh` ea|g |w|kd ih gk|ob ac lwihg= pbg|g zidd lg
avva|pwhipig ih pbg |w|kd gopa|( K |ggk|ob oah`wopg` grbilipg` pbkp pbg |w|kd oahweg|
k|g ziddihj pa `adg awp khypbihj lgpzggh \ ?$766 kh` \ <$966 k v|geiwe gkob ygk|( Ih
pbg ihw|khog pbg kzk|ghg dgsgd ca| dicg ihw|khog i pbg bijbgp ih |w|kd Ih`ik$ lwp pbg
oahweg| k|g kda kzk|g klawp eapa|$ kooi`ghp kh` okppdg ihw|khog( Ih k pw`y
oah`wopg` ly EK\P pbg |gwdp bazg` pbkp hgk|dy ahg pbi|` ki` pbkp pbgy bk`
vw|obkg` aeg mih` ac ihw|khog zipb pbg ekriewe vghgp|kpiah mgzg` ih cksa| ac dicg
ihw|khog( Pbg pw`y kda vaihpg` awp pbg v|iskpg oaevkhig bksg bwjg pkm pa vdky ih
o|gkpihj kzk|ghg kh` o|g`ilidipy keahj pbg |w|kd vavwdkog( Pbg vg|ogisg` lghgcip ac
lwyihj k dicg vadioy |khjg c|ae gow|ipy ac ihoaeg lwdm |gpw|h ih cwpw|g$ `kwjbpg|*
ek||ikjg$ obid`|gh* g`wokpiah kh` jaa` |gpw|h ah ksihj$ ih pbkp a|`g|$ pbg pw`y k``(
\gjwdkpa|y kh` @gsgdaveghp Kwpba|ipy "I\@K) bksg gp picc |w|kd pk|jgp ca| ihw|khog
oaevkhig( Ca| pbg dicg gopa|$ ih pbg ci|p ygk|$ 7 vg| oghp ac pbg papkd vadioig z|ippgh
bawd` oaeg c|ae pbg |w|kd gopa|( Pbi zidd ja wv pa ;7 vg| oghp ih cisg ygk|( _ieidk|dy$
ca| pbg hah%dicg gopa|$ pza vg| oghp ac pbg papkd j|a v|geiwe ihoaeg bawd` oaeg c|ae
pbg |w|kd gopa| jaihj wv pa 7 vg| oghp ih cisg ygk|$ kooa|`ihj pa pbg |gjwdkpiah( Kdd pbgg
easg zidd ekmg pbg ihsgpeghp pbg |w|kd k|gk k lij pk|p(
7( IHCA\EKPIAH PGOBHADAJIG_ KH@ IH_W\KHOG
Ih pbg ihw|khog ih`wp|y pa`ky$ pbg|g i k odgk| p|gh` kzky c|ae gddihj k l|ak` |khjg ac
v|a`wop pa k dk|jg sadweg ac owpaeg| ih k ahg ‟i~g%cip%kdd ekhhg|( Ihpgk` ac
caowihj ah pbgi| `iccg|ghp v|a`wop dihg k ida "i(g($ dicg$ v|avg|py kh` okwkdpy gpo)
ihw|g| k|g daamihj ca| zky pa accg| bijbdy pk|jgpg` ihw|khog v|a`wop pbkp k|g pkida|g`
pa pbg ih`isi`wkd owpaeg| zipb pbg bijbgp v|avghipy pa lwy pbge(
Pbg|g i k gsadwpiahk|y obkhjg ih pbg pgobhadajy pbkp bk |gsadwpiahi~g` pbg ghpi|g
ihw|khog gopa|( Ihw|khog ih`wp|y i k `kpk%|iob ih`wp|y$ kh` pbw$ pbg|g i `i|g hgg` pa
wg pbg `kpk ca| p|gh` khkdyi kh` vg|ahkdi~kpiah(
Zipb iho|gkg` oaevgpipiah keahj ihw|g|$ g|siog bk lgoaeg k mgy iwg( Ea|gasg|$
owpaeg| k|g jgppihj iho|gkihjdy avbipiokpg` kh` pgob%kssy( Vgavdg pa`ky `ah’p zkhp
pa koogvp pbg ow||ghp skdwg v|avaipiah$ pbgy zkhp vg|ahkdi~g` ihpg|kopiah kh` pbgy
]2U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 9/62
daam ca| ea|g kh` ea|g cgkpw|g kh` k`` ahg kh` lgppg| g|siog Pbg ihw|khog
oaevkhig pa`ky ewp eggp pbg hgg` ac pbg baw| ca| ea|g kh` ea|g vg|ahkdi~g`
kvv|akob ca| bkh`dihj pbg owpaeg|( Pa`ky ekhkjihj pbg owpaeg| ihpgddijghpdy i sg|y
o|ipiokd ca| pbg ihw|g| gvgoikddy ih pbg sg|y oaevgpipisg ghsi|aheghp( Oaevkhig hgg` pa
kvvdy `iccg|ghp gp ac |wdg kh` p|gkpeghp p|kpgjig pa `iccg|ghp owpaeg| gjeghp(
Bazgsg|$ pa vg|ahkdi~g ihpg|kopiah$ ihw|g| k|g |g{wi|g` pa okvpw|g owpaeg|
ihca|ekpiah ih kh ihpgj|kpg` ypge(
Zipb pbg grvdaiah ac Zglipg kh` j|gkpg| koog pa `i|gop v|a`wop a| vadioy ihca|ekpiah$
pbg|g i k hgg` pa `gsgdavihj lgppg| pgobhi{wg pa jisg owpaeg| k p|wdy vg|ahkdi~g`
grvg|ighog( Vg|ahkdi~kpiah bgdv a|jkhi~kpiah pa |gkob pbgi| owpaeg| zipb ea|g
ievkop kh` pa jghg|kpg hgz |gsghwg pb|awjb o|a gddihj kh` wv gddihj kopisipig( Pa
ghw|g pbkp pbg owpaeg| k|g |gogisihj vg|ahkdi~g` ihca|ekpiah$ ekhy a|jkhi~kpiah k|g
ihoa|va|kpihj mhazdg`jg `kpklkg%|gvaipa|ig ac oahpghp pbkp pyviokddy ihodw`g k gk|ob
ghjihg kh` dgp pbg owpaeg| daokpg pbg kdd `aoweghp kh` ihca|ekpiah |gdkpg` pa pbgi|
{wg|ig ac |g{wgp ca| g|siog( Owpaeg| okh bg|gly wg pbg mhazdg`jg `kpklkg pa
ekhjg pbgi| v|a`wop a| pbg oaevkhy ihca|ekpiah kh` ihsaiog$ odkie |goa|`$ kh`
bipa|ig ac pbg g|siog ih{wi|y( Pbgg v|a`wop kda eky lg kldg pa dgk|h c|ae pbg
owpaeg|’ v|gsiaw mhazdg`jg `kpklkg kh` pa wg pbgi| ihca|ekpiah zbgh `gpg|eihihj
pbg |gdgskhog pa pbg owpaeg| gk|ob |g{wgp( Pbg ihw|khog gopa| |gekih k sg|yoaevgpipisg ek|mgp kh` pbag oaevkhig pbkp k|g kldg pa lgp wpidi~g pbgi| `kpk kh`
v|asi g pbgi| owpaeg| zipb pbg eap vg|ahkdi~g` avpiah zidd bksg pbg `ipihop
oaevgpipisg k`skhpkjg( Pbg ihw|g| pbkp oaeg wv pa pbg pav zidd lg pbag zba dgsg|kjg
pbg kvv|av|ikpg pgobhadajy adwpiah gccgopisgdy ih a|`g| pa capg| owpaeg| daykdpy kpp|kop
hgz owpaeg| kh` iev|asg avg|kpiahkd gccioighoy ly v|asi`ihj oaeeah ihca|ekpiah
ko|a pbgi| dihg ac lwihg(
3( EG\JG\_ KH@ KO[WI_IPIAH_
Pbi i kh g|k ac eg|jg| kh` ko{wiipiah( V|iskpg oaevkhig ihodw`ihj EHO’ k|g
kekdjkekpihj pbg za|d` asg| pa jgp ea|g oaevgpipisg g`jg( Ow||ghpdy$ pbg jghg|kd
ihw|khog ih`wp|y bk lggh avghg` wv( Pbg {wgpiah bg|g i pbkp ca| asg| pza ygk|$ gijbp
v|iskpg oaevkhig bksg avg|kpg` kh` bk pbg i~g ac pbg okmg grvkh`g`( Pbg ihw|g| k|g
]9U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 10/62
`aihj ghawjb pa |kig pbg dgsgd ac |im kzk|ghg a| k|g pbgy eg|gdy oahpghp pa oaevgpg ih
pbg ek|mgp a|jkhi~g` kh` gpkldibg`( Bazgsg| aahg| a| dkpg| pbg v|iskpg gopa| vdkyg|
zidd bksg pa vwp ih vdkog p|kpgjig kieg` hap kp zihhihj pbg gripihj kooawhp ac pbg
vwldio vdkyg| lwp kp `isg|icyihj ek|mgp vghgp|kpiah k k zbadg( Pbg v|iskpg vdkyg| ih
pbg cwpw|g zawd` bksg pa pw|h pbgi| kppghpiah pa za|mihj ih pbg wha|jkhi~g` kh` wh`g|
g|sg` ek|mgp(
Zbkp i dimgdy pa bkvvgh i pbkp pbg v|iskpg vdkyg| zawd` oahpihwg pa mie pbg v|acipkldg
gjeghp ac pbg kd|gk`y a|jkhi~g` lwihg ih pbg w|lkh k|gk1 Pbg pieg bk kd|gk`y
oaeg ca| pbg jasg|heghp ac Ih`ik pa gskdwkpg pbg vg|ca|ekhog ac v|iskpg oaevkhig’ si%
æ%si pbgi| `godk|g` alngopisg ac avghihj wv pbg ih`wp|y(
Bazgsg| ip i bijb pieg ca| pbg jasg|heghp pa |gkdi~g pbkp ieva|pkhog ac eg|jihj pbg
vwldio gopa| jghg|kd ihw|khog oaevkhig ihpa ihjdg ghpipy( Pbg |gghp oghk|ia okdd ca|
k lgppg| vg|ca|ekhog c|ae vk|p ac gkob ac pbg vwldio gopa| ihw|khog oaevkhig kjkihp
gkob apbg|= a| ih apbg| za|` k oaevgpipiah pa lg pbg lgp( Pbg |gwdp zbkp zg gg i pbg
wh`g|owppihj ac v|geiwe pa |gpkih a| z|gp lwihg kh` {wapihj kh whgoahaeiokd |kpg ac
v|geiwe( Zbidg pbi kddaz ahg ac pbg Vwldio _gopa| Oaevkhy pa zih k lwihg ca|e
khapbg| ih pbi ekhhg|( Pbg apbg| wccg| k da kh` pbg |gwdpkhp gccgop i k
okhhilkdi~kpiah zipb k ckdd ih pbg ksg|kjg v|geiwe ac pbg vwldio gopa| ipgdc( Pbi kp
ekhy pieg l|ihj k`skhpkjg pa pbg v|iskpg vdkyg| zba j|kl pbg lwihg lgokwg ac pbg
Whgpbiokd oaevgpipiah keahj pbg vwldio vdkyg|(Pbg vw|vag ac bksihj caw| oaevkhig kdd wli`ik|ig ac Jghg|kd Ihw|khog Oa|va|kpiah
ac Ih`ik "JIO)‟ Hkpiahkd Ihw|khog Oaevkhy$ Hgz Ih`ik Kw|khog Oaevkhy$ A|ighpkd
Ihw|khog Oaevkhy$ Kh` Pbg Whipg` Ih`ik Ihw|khog Oaevkhy= kp pbg pieg ac
hkpiahkdi~kpiah zk pa bksg oaevgpipiah keahj pbgegdsg ‟ih g|siog kh` v|a`wop kp
pbg keg v|iog( Pbg g|siog v|asi`g` ly pbge zk kda g{wkddy jaa` a| lk` `gvgh`ihj ah
pbg grvg|ighog ac pbg owpaeg|(
Haz zipb |gkd oaevgpipiah oaeihj ih zipb eap ac pbg jdalkd ihw|khog vdkyg| gppihj
caapv|ihp bg|g$ ip i cgdp pbkp pbg pieg ca| eg|jg| bk oaeg kh` pa ghnay pbg lghgcip ic pbg
i~g( Ip i pa lg kpg` pbkp i~g `ag ekppg| ih ihw|khog lwihg( Kdd asg| pbg za|d`’
eg|jg| kh` ko{wiipiah ih pbg |im%wh`g|z|ipihj gopa| i oaeeah( Pbg lghgcip ic pbg
caw| ihw|khog oaevkhig eg|jg zidd lg gha|eaw( Pbg eg|jg` ghpipy zidd ghnay bijbg|
wh`g|z|ipihj kh` |im |gpghpiah okvkoipy= iho|gkg ih |gihw|khog v|geiwe$ |g`wopiah ih
];6U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 11/62
|gihw|khog awpcdaz$ bgkdpby adsghoy ek|jih$ gppihj |ijbp pbg kgp ‟diklidipy eiekpob
kh` |g`wopiah ih oap( Pbg ihw|khog ek|mgp pbw lgoaeg k jkeldihj vdkog( Bk` pbg
vwldio gopa| oaevkhig ek`g ihpa k ihjdg ghpipy$ vg|bkv pbg papkd v|geiwe ac pbg caw|
vwldio gopa| oaevkhig ih pbg ygk| <66?%60 zawd` bksg jahg wv lwp <7 vg|oghp( Lwp pbg
vwldio gopa| kdahg i ca|og` pa wh`g|z|ipg pbg da ekmihj eapa| pbi|` vk|py diklidipy
"PVD) ihw|khog( Pbg vwldio ihw|khog oaevkhig ihw|g` k da ac \ ;90? o|a|g ah pbi
va|pcadia ah nwp ahg ygk| "6?%60)( Pbg owewdkpisg da wh`g| pbi va|pcadia i
kp|ahaeiokd( Pbg da ac v|acipkldg lwihg ih sigz ac wh`gg|sg` oaevgpipiah keahj
pbg vwldio gopa| oaevkhig i bkevg|ihj pbg wli`i~kpiah ac aoikd ihw|khog ihodw`ihj
pbg eapa| PVD(
Ip i pbw odgk| pbkp ip i jaa` ca| pbg vwldio gopa| oaevkhig pa eg|jg ieeg`ikpgdy zbgh
pbgy k|g pidd p|ahj$ dgp k eg|jg| lgoaeg ihgsipkldg dkpg| kcpg| pbg ih`gvgh`ghp vwldio
gopa| oaevkhig ckid ahg kcpg| khapbg|( Pbi `ag hap li` zgdd ca| pbg vwldio gopa|$ ha|
ca|p bg ihw|ihj vwldio kh` hap ca| pbg goahaeio `gsgdaveghp gipbg|( Ca| k v|aj|g eg
|g{wi|g eg|jg| ac p|ahj vwldio gopa| oaevkhig( Gdg ip zawd` |gh`g| vwldio gopa|
oaevkhig zgkm kh` `gp|ay pbge(
VAPGHPIKD AC IH_W\KHOG IH@W_P\Y IH IH@IK>
• Ahdy AHG awp ac CISG ihw|kldg vavwdkpiah ih Ih`ik bksg ihw|khog oasg|kjg(
• Ih pg|e ac Ihw|khog v|geiwe vg| okvipk kh` v|geiwe vg| J@V$ Ih`ik |khm k
ahg ac pbg dazgp ih pbg za|d`(
• Dicg ihw|khog v|geiwe oahpipwpg ahdy 9' ac `aegpio ksihj(
• Ly <6;6$ bwh`|g` eiddiah gd`g|dy daam pa vdkhhihj ca| ad` kjg vghiah kh`
khhwipig(
• Ea|g pbkh ?<7 eiddiah dkla| ca|og bksg ha aoikd gow|ipy(
Zipb kh khhwkd j|azpb |kpg ac ;7%<6' kh` pbg dk|jgp hwelg| ac dicg ihw|khog vadioig ih
ca|og$ pbg vapghpikd ac pbg Ih`ikh ihw|khog ih`wp|y i bwjg( Papkd skdwg ac pbg Ih`ikh
ihw|khog ek|mgp "<660%67) i gpiekpg` kp \( 076 liddiah "W_;6 liddiah)( Kooa|`ihj pa
];;U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 12/62
jasg|heghp aw|og$ pbg ihw|khog kh` lkhmihj g|siog* oahp|ilwpiah pa pbg oawhp|y*
j|a `aegpio v|a`wop "J@V) i :' awp ac zbiob pbg j|a v|geiwe oaddgopiah ca|e k
ijhiciokhp vk|p( Pbg cwh` kskidkldg zipb pbg pkpg%azhg` Dicg Ihw|khog Oa|va|kpiah
"DIO) ca| ihsgpeghp k|g 2' ac J@V(
Pidd `kpg$ ahdy <6' ac pbg papkd ihw|kldg vavwdkpiah ac Ih`ik i oasg|g` wh`g| sk|iaw dicg
ihw|khog obgeg$ pbg vghgp|kpiah |kpg ac bgkdpb kh` apbg| hah%dicg ihw|khog ih Ih`ik i
kda zgdd lgdaz pbg ihpg|hkpiahkd dgsgd( Pbgg ckop ih`iokpg pbg ac ieeghg j|azpb
vapghpikd ac pbg ihw|khog gopa|(
Pbg ygk| ;999 kz k |gsadwpiah ih pbg Ih`ikh ihw|khog gopa|$ k ekna| p|wopw|kd
obkhjg paam vdkog zipb pbg gh`ihj ac jasg|heghp eahavady kh` pbg vkkjg ac pbg
Ihw|khog \gjwdkpa|y kh` @gsgdaveghp Kwpba|ipy "I\@K) Lidd$ dicpihj kdd ghp|y
|gp|iopiah ca| v|iskpg vdkyg| kh` kddazihj ca|gijh vdkyg| pa ghpg| pbg ek|mgp zipb aeg
dieip ah `i|gop ca|gijh azhg|biv(
Pbawjb$ pbg gripihj |wdg ky pbkp k ca|gijh vk|phg| okh bad` <3' g{wipy ih kh ihw|khog
oaevkhy$ k v|avakd pa iho|gkg pbi dieip pa 09' i vgh`ihj zipb pbg jasg|heghp( _ihog
avghihj wv ac pbg ihw|khog gopa| ih ;999$ ca|gijh ihsgpeghp ac \( 2(: liddiah bksg
vaw|g` ihpa pbg Ih`ikh ek|mgp kh` <; v|iskpg oaevkhig bksg lggh j|khpg` dioghg(
Ihhaskpisg v|a`wop$ ek|p ek|mgpihj$ kh` kjj|gisg `ip|ilwpiah bksg ghkldg` cdg`jdihj
v|iskpg ihw|khog oaevkhig pa ijh wv Ih`ikh owpaeg| ckpg| pbkh khyahg grvgopg`(
Ih`ikh$ zba bk` kdzky ggh dicg ihw|khog k k pkr ksihj `gsiog$ k|g haz w``ghdy
pw|hihj pa pbg v|iskpg gopa| kh` hkvvihj wv pbg hgz ihhaskpisg v|a`wop ah accg|(
Pbg dicg ihw|khog ih`wp|y ih Ih`ik j|gz ly kh iev|gisg ?3'$ zipb v|geiwe ihoaeg
c|ae hgz lwihg kp \( <7?(0? liddiah `w|ihj pbg ciokd ygk| <660%<667$ l|ksihj picc
oaevgpipiah c|ae v|iskpg ihw|g|( Pbawjb pbg papkd sadweg ac DIO* lwihg iho|gkg` ih
pbg dkp ciokd ygk| "<660%<667) oaevk|g` pa pbg v|gsiaw ahg$ ip ek|mgp bk|g okeg
`azh c|ae 2:(60 pa :2(6:'( Pbg ;0 v|iskpg ihw|g| iho|gkg` pbgi| ek|mgp bk|g c|ae
klawp ;?' pa klawp <<' ih k ygk|* pieg( Pbg cijw|g ca| pbg ci|p pza eahpb ac pbg ciokd
ygk| <667%63 kda vgkm ac pbg j|azihj bk|g ac pbg v|iskpg ihw|g|( Pbg bk|g ac DIO ca|
];<U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 13/62
pbi vg|ia` bk cw|pbg| oaeg `azh pa :7 vg|oghp$ zbidg pbg v|iskpg vdkyg| bksg j|kllg`
asg| <0 vg|oghp(
Pbg|g k|g v|gghpdy ;< jghg|kd ihw|khog oaevkhig zipb caw| vwldio gopa| oaevkhig
kh` gijbp v|iskpg ihw|g|( Kooa|`ihj pa gpiekpg$ v|iskpg ihw|khog oaevkhig
oaddgopisgdy bksg k ;6' bk|g ac pbg hah%dicg ihw|khog ek|mgp(
;(< V\ACIDG AC PBG A\JKHI_KPIAH‐B@CO _PKH@K\@ DICG
IH_W\KHOG OA( DP@
B@CO i(g BAW_IHJ @GSGDAVEGHP KH@ BAW_IHJ OA\VA\KPIAH(
B@CO _pkh`k|` Dicg i k naihp sghpw|g lgpzggh B@CO ac Ih`ik kh` _pkh`k|` Dicg ac WM(Pbg hgz oaevkhy$ B@CO _pkh`k|` Dicg$ zk ahg ac pbg ci|p pa lg kzk|`g` k dioghg ih
pbg |goghpdy `g|gjwdkpg` Ih`ikh ek|mgp kh` ahg ac pbg ci|p pa avgh ip `aa| ca| lwihg
kh` iwg vadioig(
Cawh`g` ih ;9::$ B@CO i` Ih`ik’ ek|mgp dgk`g| ih bawihj cihkhog$ v|asi`ihj cihkhog
ca| ea|g pbkh ;(7eh baeg( Pbgy bksg 2? acciog ih Ih`ik$ ahg ihpg|hkpiahkd acciog ih
@wlki kh` pb|gg g|siog kaoikpg ih Mwzkip$ [kpk| kh` pbg _wdpkhkpg ac Aekh(
Dimg _pkh`k|` Dicg$ B@CO i p|ahjdy oaeeippg` pa v|asi`ihj {wkdipy v|a`wop kh`
grogddghp owpaeg| g|siog kh` bk zah k hwelg| ac ieva|pkhp kzk|`> ih Nkh <66;
Kikeahgy hkeg` pbge k goah` ‒Lgp ekhkjg` oaevkhy ih Ih`ik’(
B@CO i kda cihkhoikddy sg|y p|ahj kh` ca| pbg dkp ir ygk| bk ghnayg` pbg bijbgp
cihkhoikd p|ghjpb |kpihj c|ae Ih`ik’ pza dgk`ihj |kpihj kjghoig(
Pbg B@CO j|awv ihodw`g>
ª B@CO Lkhm
ª B@CO Kgp Ekhkjgeghp
ª B@CO \gkdpy Dp`(
ª B@CO _gow|ipig Dieipg`
];?U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 14/62
Asg| pbg vg|ia` ac avg|kpiah$ B@CO j|awv bk lggh cgdioipkpg` zipb sk|iaw |gzk|`(
_aeg ac pbge k|g k caddaz>
ª Whipg` Hkpiah _o|add ac Baha| ‟;99;
ª Ih`ik’ lgp ekhkjg` oaevkhy ly Kikeahgy ekjk~ihg ‟ ;997 kh` ;993
ª Eap oaevgpipisg Ih`ikh oaevkhy ly Gw|aeahgy ‟;99:
ª Ahg ac pbg 7 lgp Ih`ikh Lak|` ly Lwihg Pa`ky ‟ ;99:
ª \kpg` k ahg ac pbg lgp oaevkhig ih Ih`ik ca| p|kpgjy # ekhkjgeghp kh`
ihsgpa| |gdkpiah ly Kik eahgy ‟;992(
ª Grogddghog ih g|siog ih`wp|y ly pbg Ih`ikh Ihpipwpg ac Ek|mgpihj Ekhkjgeghp
# Pav Ekhkjgeghp Odwl "Vwhg) ‟;992
ª _bigd` ca| pbg lgp v|gghpg` kooawhp ca| lkhm kh` cihkhoikd ihpipwpiah ‟ asg|
;; pieg "dkp 2 ygk| ih k |az)
ª ;999 IEO \kekm|ibhk Lknkn Hkpiahkd [wkdipy Kzk|` ih pbg g|siog okpgja|y(
ª OII%Grie Lkhm Oaeegh`kpiah Og|piciokpg ca| oaeeipeghp pa Papkd [wkdipy
Ekhkjgeghp ‟ <666(
BI_PA\Y AC PBG NAIHP SGHPW\G
@iowiah oaeeghog` %% Nkhwk|y ;997
Naihp Sghpw|g kj|ggeghp ijhg` ‟ Aopalg| ;997
Naihp sghpw|g kj|ggeghp |ghgzg` ‟ Aopalg| ;992Dicg ihw|khog v|angop pgke gpkldibg` ‟ Nkhwk|y <666 "Ewelki)
Oaevkhy accioikddy ihoa|va|kpg` % ;0pb Kwjwp <666
Ci|p V|iskpg _gopa| Dicg Ihw|khog Oaevkhy pa lg j|khpg` k og|piciokpg ac |gjip|kpiah ‟
<?|` Aopalg| <666
_bk|gbad`ihj ‟ B@CO 2;(0'
_pkh`k|` Dicg ;2(3'
EI__IAH _PKPGEGHP AC B@CO_DIO>
];0U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 15/62
s Zg kie pa lg pbg pav hgz dicg ihw|khog oaevkhy ih pbg ek|mgp(
s Pbi `ag hap nwp egkh lgihj pbg dk|jgp a| pbg eap v|a`wopisg oaevkhy ih pbg
ek|mgp$ |kpbg| ip i k oaelihkpiah ac gsg|kd pbihj dimg ‟
ª Owspaeg| sg|iog ac pbg bijbgsp a|`g|
ª Skdwg ca| eahgy ca| owspaeg|s
ª V|acgssiahkdise ih ok||yihj awp lwsihgss
ª Ihhakpig v|a`wops pa okpg| pa `iccg|ghp hgg`s ac `iccg|ghp
owspaeg|s
ª Wsg ac pgobhadajy pa iev|ag sg|iog spkh`k|`s
ª Iho|gksihj ek|mgp sbk|g(
SI_IAH _PKPGEGHP
—Pbg easp swoogsscwd kh` k`ei|g` dicg ihsw|khog oaevkhy$ zbiob egkh pbkp zg k|g pbg
easp p|wspg` oaevkhy$ pbg gksigsp pa `gkd zipb$ accg| pbg lgsp kdwg ca| eahgy$ kh` sgp pbg
spkh`k|`s ih pbg ih`wsp|y( Ih sba|p$ —pbg easp aliaws obaiog ca| kdd―(
SKDWG_ PBKP ZIDD LG AL_G\SG@ IH B@CO_D>
ô Ihpgj|ipy
ô Ihhaskpiah
ô Owpaeg| Oghp|io
ô Vgavdg Ok|g
ô Pgke Za|m ‟ Ahg ca| kdd # kdd ca| ahg
ô Nay # _ievdioipy
IHPGJ\KPG@ CIHKHOIKD _G\SIOG_
];7U
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];3U
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8/3/2019 Hdfc Proper Final
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;(? V\ALDGE_ AC B@CO_DIO
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oaevk|g` pa DIO(
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s Ip bk pa caow pazk|` |w|kd gjeghp kda$ zbiob bk k j|gkp oavg ac j|azpb(
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oaevgpipiah(
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ip okh oaevgpg zipb DIO(
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lkg okh lg iho|gkg` kh` ea|gasg| owpaeg| kpickopiah okh lg ghw|g`(
];:U
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;(0 OAEVGPIPA\_>
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pbg Jasg|heghp ac Ih`ik( Ip kda cwh` odag pa <0(3' ac pbg Ih`ikh Jasg|heghp*
grvghg( Ip bk kgp gpiekpg` ac ;?(<7 p|iddiah "W_<97(02 liddiah) Ip zk cawh`g` ih
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ahg ac pbg ca|geap cihkhoikd g|siog oaevkhig ac Ih`ik kh` V|w`ghpikd vdo$ ahg ac pbg
dgk`ihj ihpg|hkpiahkd cihkhoikd g|siog j|awv bgk`{wk|pg|g` ih pbg Whipg` Mihj`ae(
IOIOI V|w`ghpikd zk keahjp pbg ci|p v|iskpg gopa| dicg ihw|khog oaevkhig pa lgjih
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pbg vg|ia` Kv|id ;$ <6;6 pa _gvpgelg| ?6$ <6;6$ pbg oaevkhy jk|hg|g` \ :$<3: o|a|g ac
];2U
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papkd v|geiwe kh` bk wh`g|z|ippgh asg| ;6 eiddiah vadioig ihog ihogvpiah( Pbg
oaevkhy bk k hgpza|m ac asg| ;$766 acciog kh` asg| ;$36$666 k`sia|$ k ah
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ad` ih <667(
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pbg j|azpb kh` `gsgdaveghp ac pbg Ih`ikh dicg ihw|khog ih`wp|y kh` ow||ghpdy i ahg ac
pbg dgk`ihj dicg ihw|khog oaevkhig ih pbg oawhp|y(
];9U
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Ghnayihj pbg p|wp ac asg| <(0 eiddiah owpaeg|$ L_DI i mhazh ca| ihhaskpiah( L_DI
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iwg` asg| ;(< eiddiah vadioig kh` i pkccg` ly asg| 3666 gevdaygg(
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v|gk` ko|a pbg oawhp|y( Pbg Kdpg|hkpg Obkhhgd lwihg zipbih IHJ Dicg Ih`ik i k
ckp j|azihj `ip|ilwpiah obkhhgd$ kh` ihodw`g pbg Lkho kw|khog vk|phg| " IHJ Syyk
Lkhm)$ \gcg||kd Vk|phg|$ Oa|va|kpg Kjghp kh` L|amg|(h` ip bk k |alwp okvipkd lkg ac
asg| \( <076 O|a|g k ah Eky ?;$ <6;;(
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]<6U
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_LI Dicg Ihw|khog i k naihp sghpw|g lgpzggh pbg LHV Vk|ilk Kw|khog kh` _pkpg Lkhm
ac Ih`ik zbg|g <3' i azhg` ly LHV Vk|ilk Kw|khog kh` _LI azh :0' ac pbg ghpi|g
okvipkd( _LI bk asg| ;0$766 l|khobg ko|a pbg hkpiah kdahj zipb ip kaoikpg lkhm(
_LI bk koog pa asg| ;66 eiddiah kooawhp ih Ih`ik kh` v|asi`g k cawh`kpiah ca|
ihw|khog `igeihkpiah ko|a gsg|y |gjiah kh` goahaeio p|kpwe ih pbg oawhp|y pbw
ghw|ihj p|wg cihkhoikd g|siog pa kpp|kop k jaa` `gkd ac owpaeg|(
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Ihw|khog bk kda |khmg` keahj pav pb|gg oaevkhig jdalkddy ca| k l|iddikhp hwelg| ac
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pbg owpaeg|(
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pbg dgk`ihj v|asi`g| ac dicg kh` vghiah v|a`wop pa Gw|avg kh` apbg| vk|p ac pbg za|d`(
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|gv|gghpkpisg acciog ih Ih`ik( Kp v|gghp ih Ksisk Dicg Ihw|khog Ih`ik$ pbg Ksisk j|awv
i k <3' bk|g bad`g| kh` pbg @klw| j|awv bad` :0' bk|g ih pbg naihp sghpw|g(
IH_W\KHOG VDKYG\_ EK\MGP _BK\G "')
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]<;U
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IOIOI V\W@GHPIKD 7(3?
LI\DK _WH DICG <(73
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AE MAPKM EKBIH@\K 6(7;
IHJ SYK_K 6(?:
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]<<U
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;(7 _(Z(A(P KHKDY_I_ AC B@CO_D
_P\GHJPB_
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ô _p|ahjg| cihkhoikd lkg(
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ZGKMHG__G_
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ô _p|ahj oaevgpipa| dimg DIO$ IOIOI V|w`ghpikd$ kh` Li|dk _wh Dicg gpo(
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ô Pbg odighp* iho|gkihj hgg` ca| kh ,ihw|khog oahwdpkhp, okh avgh hgz zky pa
g|siog pbg odighp kh` jghg|kpg ihoaeg(
]<?U
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PB\GKP_
ô Jasg|heghp |gjwdkpiah ah iwg dimg bgkdpb ok|g$ ead` kh` pg||a|ie okh {wiomdy
obkhjg pbg `i|gopiah ac ihw|khog(
ô Pbg iho|gkihj grvghg kh` dazg| v|acip ek|jih(
ô Ihpghg oaevgpipiah c|ae DIO(
]<0U
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OBKVPG\ % <
ALNGOPISG_ # EGPBA@ADAJY
• Ekhkjg|ikd Wgcwdhg
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bgdv pa mhaz pbg owpaeg| vbyiadajy(
]<7U
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ô Ip zidd bgdv pa mhaz pbg odk ah zbiob B@CO _DIO ewp oahoghp|kpg(
<(< ALNGOPISG_ AC PBG _PW@Y
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bk|g zg|g pw`ig`(
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]<3U
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• [wgspiahhki|g egpba`
Ek|mgpihj |ggk|obg| bksg pbg lgp ihp|weghp ih oaddgopihj v|iek|y `kpk i(g( k
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[wgpiah bawd` lg>
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a Gky pa wh`g|pkh`
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s V|iek|y `kpk
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kh` {wgpiahhki|g( Pbg mgy vaihp bg|g i pbkp pbg `kpk yaw oaddgop i whi{wg pa yaw kh`
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• [wgpiahhki|g
Ek|mgp \gsgk|ob @gsijh
]<:U
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\ggk|ob > @go|ivpisg pyvg@kpk _aw|og > V|iek|y # goah`k|y\ggk|ob kvv|akob > _w|sgy egpba`\ggk|ob ihp|weghp > [wgpiahhki|g
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DIEIPKPIAH_
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apbg| kvgop ac ihw|khog v|a`wop `gekh`(
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Ahdy ? ac ip oaevgpipa|’ v|a`wop zg|g khkdy~g` ih `gpkid( K `gpkidg` pw`y ac kdd pbg
oaevgpipa| ac B@CO _DIO zawd` bksg jisgh ea|g |gdikldg kh` koow|kpg |gwdp(
0( Pbg k|gk c|ae zbg|g pbg kevdg vavwdkpiah zk gdgopg` zk @gdbi ahdy(Apbg| oipig kh` ea|gasg| |w|kd k|gk zk hap oasg|g` wh`g| pbg pw`y(
7( Pbg v|iek|y `kpk zk oaddgopg` ca|e v|gghp kh` vapghpikd owpaeg| ac
ihw|khog v|a`wop pa gskdwkpg pbgi| v|gcg|ghog( Lwp pbg v|gcg|ghog ac cihkhoikd
kjghp zg|g hap oahi`g|g` zbiob zawd` bksg bgdvg` pa gskdwkpg pbg v|gcg|kldg
oaeeiiah kdg zbiob bgdv pa laap v|a`wop kdg(
Obkvpg| % ?
Oahogvpwkd @isowssiah
]<2U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 29/62
• Ow||ghp Iwg
• Dipg|kpw|g \gsigz
• @gsgdaveghp ac pbg Oaevkhy
?(; OW\\GHP I__WG_ AC PBG OAEVKHY
;( B@CO DICG _GPPDG_ IH_W\KHOG ODKIE_ AH PIEG ODK\ICIG_
OGA OBKW@BK\Y KJKIH_P \GJWDKPA\ I\@K A\@G\
Hgz @gdbi> Ih`ikh v|iskpg dicg ihw|g| B@CO Dicg bk oaeg awp ih ip `gcghg kjkihp k
|gjwdkpa|y vghkdpy ca| `gdkyihj gppdgeghp ac k odkie$ kyihj pbg ihw|khog oaevkhyodgk| kdd odkie ah pieg whdg pbg|g i k hah `iodaw|g ac ekpg|ikd ckop(
,B@CO Dicg bk k vbidaavby ac vkyihj kdd odkie "ah pieg) whdg kh` whpid pbg|g i k
hah `iodaw|g ac ekpg|ikd ckop a| k c|kw` kjkihp pbg oaevkhy "odkiekhp)( Zg bksg k
v|kopiog ac ihsgpijkpihj wob odkie$ zbiob ihsadsg k``ipiahkd ihca|ekpiah$, Obigc
Grgowpisg Acciog| Keipklb Obkw`bk|y ki` ih k pkpgeghp(
,Bazgsg|$ B@CO Dicg vky vghkd ihpg|gp ca| oaevghkpihj vadioybad`g| k vgoicig` ih
pbg |gjwdkpiah$ zbg|gsg| pbgg `gdky pkmg vdkog$, bg ki`(
Gk|dig| pbi zggm$ Ih`ik’ ihw|khog |gjwdkpa| Ihw|khog \gjwdkpa|y kh` @gsgdaveghp
Kwpba|ipy "I\@K) ievag` k cihg ac \ 766$666 ah B@CO Dicg ca| `gdkyihj gppdgeghp ac
k odkie(
I\@K* a|`g| zk ih |gvahg pa k oaevdkihp da`jg` ly ahg Mwhpi @gsi zipb pbg |gjwdkpa|
ah Kv|id ;0$ <669 |gjk|`ihj hah%|gogivp ac `gkpb odkie(
I\@K bk kda `i|gopg` B@CO Dicg pa vwp ih vdkog gccgopisg odkie gppdgeghp v|aog`w|g
kh` pkmg kdd egkw|g pbkp i `ggeg` cip ca| lapb v|a%kopisg kh` piegdy gppdgeghp ac kdd
pyvg ac odkie zipbih ;7 `ky k pbg dicg ihw|g| `i` hap bksg wob v|aog`w|g(
]<9U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 30/62
B@CO Dicg i k naihp sghpw|g lgpzggh Ih`ik* dk|jgp ea|pjkjg dgh`g| Bawihj
@gsgdaveghp Cihkhog Oa|va|kpiah Dp` "B@CO) kh` pbg Whipg` Mihj`ae%lkg` cihkhoikd
g|siog v|asi`g| _pkh`k|` Dicg Vdo(
<( B@CO DICG DIMGDY PA CDAKP EKI@GH VWLDIO I__WG KCPG\
NWHG <6;;
HGZ @GDBI> B@CO Dicg i dimgdy pa lg pbg ci|p v|iskpg gopa| ihw|g| pa oaeg awp zipb
ihipikd vwldio accg| zipb pbg oaevkhy kyihj pbkp ip zidd l|ihj ip eki`gh bk|g kdg accg|
kcpg| Nwhg <6;;(
B@CO Dicg i pbg ahdy oaevkhy ih pbg ihw|khog gopa| pa bksg oaevdgpg` ;6 ygk| ihavg|kpiah$ pbg eihiewe oah`ipiah ca| ihw|g| pa oaeg awp zipb IVA(
,Zg zkhp pa iev|asg aw| ek|jih pa jgp lgppg| skdwkpiah zbgh zg ja vwldio( Zg grvgop
aw| v|acipklidipy pa iev|asg ih pbg hgrp ir eahpb kh` pbgh oaeg wv zipb kh IVA ih
goah` bkdc ac hgrp ygk|$, B@CO Dicg E@ kh` OGA Keipklb Obkw`b|y ki`(
?( B@CO DICG KZK\@G@ JAD@GH VGKOAOM B\ GROGDDGHOG
KZK\@ <6;;
B@CO Dicg$ ahg ac Ih`ik’ dgk`ihj v|iskpg dicg ihw|khog vdkyg|$ zk oahcg||g` pbg
v|gpijiaw ‒Jad`gh Vgkoaom B\ Grogddghog Kzk|`’ ca| pbg ygk| <6;; ih pbg *Lkhmihj
Cihkhoikd # Ihw|khog _gopa|*
B@CO Dicg$ ahg ac Ih`ik’ dgk`ihj v|iskpg dicg ihw|khog vdkyg|$ zk oahcg||g` pbg
v|gpijiaw ‒Jad`gh Vgkoaom B\ Grogddghog Kzk|`’ ca| pbg ygk| <6;; ih pbg *Lkhmihj
Cihkhoikd # Ihw|khog _gopa|* kp pbg <<h` IA@ Khhwkd @ky bgd` ih Hgz @gdbi ah Kwjwp
;9$ <6;;( Pbi kzk|` komhazdg`jg B@CO Dicg’ gcca|p pazk|` ihhaskpisg vgavdg
ekhkjgeghp v|aogg kh` pkdghp ghjkjgeghp kh` `gsgdaveghp ihipikpisg ih pbg bijbdy
`yhkeio Ih`ikh dicg ihw|khog ih`wp|y(
]?6U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 31/62
Oaeeghpihj ah pbg kobigsgeghp$ \kngh`|k Jbkj$ Grgowpisg Siog V|gi`ghp$ B\$ B@CO
Dicg ki`$ —Zg k|g baha|g` pa |gogisg pbg Jad`gh Vgkoaom Kzk|` ca| B\ Grogddghog(
Pbi |goajhipiah p|ghjpbgh aw| oaeeipeghp ac lgihj k vgavdg%oghp|io a|jkhi~kpiah( Ip
skdi`kpg aw| gcca|p pazk|` ghbkhoihj pbg a|jkhi~kpiah* vgavdg okvklidipy |gwdpihj ih k
bijbdy ghjkjg` kh` gccioighp za|m ca|og(―
Pbg okpgja|y ca| B\ Grogddghog Kzk|` ca| <6;; |gogisg` ;<9 kvvdiokpiah ko|a
`iccg|ghp gopa|( Pbg kvvdiokpiah zg|g jkwjg` ah kh grbkwpisg gp ac vk|kegpg|
oasg|ihj kdd k|gk |gdkpg` pa B\ p|kpgjy$ |go|wipeghp$ dgk`g|biv `gsgdaveghp$
sadwhpgg|ihj kopisipig$ gpo( Pbg kvvdiokpiah zg|g nw`jg` ly kh geihghp vkhgd bgk`g` ly
Nwpiog V H Lbkjzkpi$ ca|eg| Obigc Nwpiog ac Ih`ik kh` Egelg|$ WH Bwekh \ijbp
Oaeeiiah(
Jad`gh Vgkoaom Kzk|` bksg lggh ihpipwpg` ihog ;99; ly pbg Ihpipwpg ac @i|gopa|
"IA@) k hah%v|acip kvgr la`y ac `i|gopa| |gjipg|g` ih Ih`ik( Pbg kzk|` c|kegza|m
lkg` ah IA@ Lwihg Grogddghog Ea`gd zbiob oahca|e pa pbg I_A 966;><666
pkh`k|` g|ig kh` i oaevk|kldg zipb ieidk| c|kegza|m k|awh` pbg jdalg(
0( B@CO DICG IH_W\KHOG I_ DIMGDY PA JA VWLDIO IH PBG HGRP
PZA YGK\_$ _KY_ B@CO OBKI\EKH @GGVKM VK\GMB(
,Zg k|g vdkhhihj pa oaeg wv zipb kh IVA ca| ihw|khog ih pza ygk|$, B@CO Obki|ekh@ggvkm Vk|gmb ki` kp pbg khhwkd jghg|kd eggpihj "KJE) ac pbg oaevkhy(
Vk|gmb ki pbg hgz Ihw|khog \gjwdkpa|y kh` @gsgdaveghp Kwpba|ipy "I\@K)
jwi`gdihg pbkp kddaz dicg ihw|g| pa cdakp kh IVA zipbawp pb|gg ygk| v|acipklidipy odkwg
zawd` bgdv lwp ki` pbg ci|e zawd` hgg` pa `iow klawp ip zipb ip vk|phg| _pkh`k|` Dicg(
Bg ki` _pkh`k|` Dicg zawd` bksg pa iho|gkg ip pkmg pa 09' c|ae pbg ow||ghp <3'$ a
pbkp vk|p ac ip bk|g "pbg iho|gkg` pkmg) okh lg accg|g` pa pbg ihsgpa|(
I\@K i vdkhhihj pa kddaz pbg ca|gijh ihsgpa| pa iho|gkg pkmg pa 09' c|ae <3' kp
v|gghp(
Ih k |goghp easg$ I\@K bk` kddazg` ihw|khog oaevkhig pa ja vwldio ahdy ic pbgy bksg
lggh avg|kpiah ca| ;6 ygk|( Ca| k dahj pieg$ oaevkhig dimg IOIOI V|w`ghpikd$ _LI Dicg
]?;U
8/3/2019 Hdfc Proper Final
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kh` B@CO Dicg Ihw|khog bksg lggh zkipihj ah pbg i`gdihg ca| k ja%kbgk` ca| IVA k
vg| ha|e iwg` ly I\@K(
7( B@CO DICG DGK@_ @AHKPIAH @\ISG IH EIHIHJ OAEEWHIPY IH
NKE_BG@VW\
Hgz @gdbi> Ih`ikh v|iskpg dicg ihw|g| B@CO Dicg ki` ip bk dg` k `ahkpiah `|isg ih ahg
ac pbg oawhp|y* daokd eihihj oaeewhipig ih pbg gkpg|h oipy ac Nkebg`vw| k vk|p ac pbg
oaevkhy* oa|va|kpg aoikd |gvahilidipy "O_\) ihipikpisg ‒_zklbiekkh’(
Gevdaygg ac B@CO Dicg’ Nkebg`vw| l|khob `ahkpg` odapbg$ j|aog|ig kh` liowip pa
obid`|gh$ zaegh kh` ad` vgavdg lgdahjihj pa pbg daokd oaeewhipy ih pbg Lw|ek Eihg
|gjiah ih Nkebg`vw|$ pbg ihw|g| ki` ih k pkpgeghp(
—K kh a|jkhi~kpiah$ zg lgdigsg pbkp zg bawd` ja lgyah` lwihg pa ekmg k egkhihjcwd`iccg|ghog pa oaeewhipig ih zbiob zg avg|kpg$ pb|awjb aw| g|siog pa pbg hgg` ac pbg
aoigpy$― \kngh`|k Jbkj$ grgowpisg siog v|gi`ghp$ B\ ac B@CO Dicg$ ki` ih pbg
pkpgeghp(
B@CO Dicg i k naihp sghpw|g lgpzggh Ih`ik* dk|jgp ea|pjkjg dgh`g| Bawihj
@gsgdaveghp Cihkhog Oa|va|kpiah Dp` "B@CO)$ kh` pbg Whipg` Mihj`ae%lkg` cihkhoikd
g|siog v|asi`g| _pkh`k|` Dicg Vdo(
Pbg oaevkhy bk 766 l|khobg v|gk` ko|a :66 oipig kh` pazh ih pbg oawhp|y(
3( B@CO DICG IHP\A@WOG_ P\K@IPIAHKD IH_W\KHOG VDKH %%
_KEVAA\H _KE\I@BI
Hgz @gdbi> Ih`ikh v|iskpg dicg ihw|khog oaevkhy B@CO Dicg Zg`hg`ky dkwhobg` k
hah%dihmg` ihw|khog vdkh %% _kevaa|h _ke|i`bi %% pbkp accg| lghgcip ac lapb$ kh
gh`azeghp vdkh kh` k zbadg dicg vdkh(
,B@CO Dicg _kevaa|h _ke|i`bi i k cdgrildg kh` kcca|`kldg dicg ihw|khog v|a`wop ca| kdd
owpaeg| gjeghp$ zbiob accg| k dwev%we vkyawp$, B@CO Dicg Grgowpisg @i|gopa|
kh` Obigc Avg|kpihj Acciog| Vk|gb Vk|khi ki` ih k pkpgeghp(
Pbg v|a`wop accg| cdgrilidipy ih v|geiwe vkyihj c|g{wghoy %% eahpbdy$ {wk|pg|dy$ bkdc%
ygk|dy kh` khhwkd$ kh` kda ih `goi`ihj pbg pg|e ac pbg vadioy(
]?<U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 33/62
Vadioybad`g|$ zba kw|g we ac \ 766$666 a| klasg$ eky kskid k `ioawhp ac 7' ah
pbg lkio v|geiwe$ Vk|khi k``g`(
B@CO Dicg i k naihp sghpw|g lgpzggh Bawihj @gsgdaveghp Cihkhog Oa|va|kpiah
Dieipg` "B@CO)$ Ih`ik* dk|jgp bawihj cihkhog ihpipwpiah kh` _pkh`k|` Dicg Vdo$ pbg
WM%lkg` cihkhoikd g|siog v|asi`g|(
B@CO Dp` bad` :<(0?' kh` _pkh`k|` Dicg "Ekw|ipiw Bad`ihj) Dp` bad` <3' ac g{wipy
ih pbg naihp sghpw|g(
:( B@CO _PKH@K\@ DICG IH_W\KHOG PA IHNGOP \_ ;76 O\A\G
C\G_B OKVIPKD
Hgz @gdbi$ Kv|id ;0> Ih`ik* v|iskpg dicg ihw|khog ci|e$ B@CO _pkh`k|` Dicg Ihw|khog
bk khhawhog` pbkp ip v|aeapg| zidd ihngop \ ;76 o|a|g ih pbg ciokd ygk| <6;;%;< pa ip
vki`%wv okvipkd ac \ <$;:6 o|a|g(
—Zg zidd bavgcwddy l|gkm gsgh pbi ciokd( Ih k hgz lwihg yaw wwkddy ekmg k da ih
pbg ci|p ygk|$ lwp k pbg lkomlaam "gripihj owpaeg| lkg) iho|gkg a| ic vgavdg
w||gh`g|$ yaw jghg|kpg okb$― ki` Keipklb Obkw`b|y$ ekhkjihj `i|gopa| kh` OGA$
B@CO _pkh`k|` Dicg(
Bg kda k`eip pbkp oaevkhy paam dahj pieg "ca| k``ihj okvipkd pa pbg lwihg) k
oaevk|g` pa apbg| vdkyg| ih pbg ihw|khog ih`wp|y(
Pbg oaevkhy bk oaevdgpg` ;6 ygk| ac ip avg|kpiah ih Ih`ik( B@CO _pkh`k|` Dicg
Ihw|khog i pbg ad`gp v|iskpg dicg ihw|khog oaevkhy ih Ih`ik$ zbiob ca|kyg` ihpa
`aegpio ek|mgp kcpg| `g|gjwdkpiah ih ;999( Pbg oaevkhy bk ziphgg` k j|azpb ac ;7%;:' ih hgz lwihg kh` ?:' j|azpb ih |ghgzkd `w|ihj pbg ciokd ygk| <6;6%;;(
]??U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 34/62
?(< DIPG\KPW\G \GSIGZ
I( —K V|angop \gva|p ah B@CO― ly —Nijk| N _ahi―
Pbg v|angop zk v|gvk|g` ca| pbg caddazihj alngopisg>
Pa mhaz pbg oaevkhy v|acidg
Pa mhaz pbg oaevgpipa| ac B@CO
Pa mhaz pbg Pgobhadajy wg` kh` Pgobhi{wg wg` ih pbg za|mihj ac B@CO
Pa grvdkih pbg |goghp `gsgdaveghp ih pbg lkhm
Pa mhaz pbg _ZAP khkdyi ac pbg oaevkhy
Pa mhaz pbg eg|jg| ac pbg oaevkhy
V|angop grvdkihg` `iccg|ghp `gvk|peghp ac pbg oaevkhy>
;( B\ `gvk|peghp> Pbg Lkhm bk oahipghpdy lgdigsg` pbkp l|ak`g| gevdaygg
azhg|biv ac ip bk|g bk k vaipisg ievkop ah ip vg|ca|ekhog kh` gevdaygg
eapiskpiah( Pbg Lkhm’ gevdaygg paom avpiah obgeg a ck| oasg| k|awh` 9666gevdaygg(
<( Eg|jg| zipb Oghpw|iah Lkhm ac Vwhnkl Dieipg`> Ah Ek|ob <:$ <662$ pbg
bk|gbad`g| ac pbg Lkhm kooa|`g` pbgi| oahghp pa k obgeg ac kekdjkekpiah ac
Oghpw|iah Lkhm ac Vwhnkl Dieipg` zipb B@CO Lkhm Dieipg`( Pbg bk|gbad`g| ac
pbg Lkhm kvv|asg` pbg iwkhog ac ahg g{wipy bk|g ac \(;6!% gkob ac B@CO Lkhm
Dieipg` ca| gsg|y <9 g{wipy bk|g ac \g( ;!% gkob bgd` ih Oghpw|iah Lkhm ac Vwhnkl
Dieipg`( Pbi i wlngop pa |gogivp ac Kvv|askd c|ae pbg \gg|sg Lkhm ac Ih`ik$ paom
grobkhjg kh` apbg| |g{wiipg pkpwpa|y kh` |gjwdkpa|y kwpba|ipig( Pbg bk|gbad`g|
kda kooa|`g` pbgi| oahghp pa iwg g{wipy bk|g kh`!a| zk||khp oahsg|pildg ihpa
g{wipy bk|g kp pbg |kpg ac \(;$7?6(;? gkob pa B@CO Dieipg` kh`!a| apbg|
]?0U
8/3/2019 Hdfc Proper Final
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v|aeapg| j|awv oaevkhig ah v|gcg|ghpikd lki$ wlngop pa cihkd |gjwdkpa|y
kvv|askd ih pbi |gjk|`( Pbg _bk|gbad`g| ac pbg Lkhm bksg kda kvv|asg` kh
iho|gkg ih pbg kwpba|i~g` okvipkd c|ae \(076 o|a|g pa \(776 o|a|g(
Pbg v|angop grvdkihg` pbg oahogvp ac Vdkpio eahgy wg` ly B@CO Lkhm i(g( B@CO SikOk|`>
Pbg lkhm ad` pbgi| v|a`wop pa zbadgkdg| kh` |gpkidg| kh` o|gkpg j|awv p|khkopiah(
O|g`ip kh` @glip ok|` k k eg`iwe ac p|khkopiah a pbkp lapb pbg vk|pig oawd` jgp lghgcip
ac pbg p|khkopiah( Pbg |gwdp ac ihp|a`woihj i ih pbg ca|e ac hgz owpaeg|(
I`gk lgbih` ip$ pa oahsghighog lapb pbg vk|pig kh` o|gkpg pbg j|awv p|khkopiah lgpzggh
pbge a lkhm okh jap pbg ekriewe lghgcip c|ae ip( Gkob zbadgkdg| bk ea|g pbkh ;7 pa
<6 |gpkidg|$ a ly pbi zky lkhm gdd pbg lwdm v|a`wop(
Lkhm kdzky cih` pbag owpaeg| zba k|g ea|g ihsadsg ih pbg lkhmihj p|khkopiah( Pbipyvg ac j|awv p|khkopiah lgpzggh pbg zbadgkdg| kh` |gpkidg| ekihpkih pbg zgdd kooawhp
ih k lkhm(
II( —OAEVK\KPISG KHKDY_I_ AC B@CO _DIO ZIPB APBG\
IH_W\KHOG OAEVKHY―
ALNGOPISG_ AC PBG _PW@Y
s Pa khkdyi pbg v|a`wop `gpkid ac B@CO _pkh`k|` dicg Ihw|khog Oaevkhy
dieipg` kh` apbg| ihw|khog oaevkhy(
s Pa cih` ‒Vaihp ac Vk|ipy’ kh` ‒Vaihp ac @iccg|ghog’ ac B@CO _pkh`k|` Dicg
Ihw|khog Oaevkhy Dieipg` kh` apbg| ihw|khog oaevkhy(
s Pa cih` awp ckopa| pbkp ihcdwghog owpaeg| pa vw|obkg ihw|khog vadioig kh`
jisg wjjgpiah ca| cw|pbg| iev|asgeghp(Pbg v|angop week|i~g` pbg oaevgpipa| ac B@CO _DIO kh` ip vaipiah ih pbg ih`wp|y(
B@CO _pkh`k|` Dicg ihw|khog i pbg ad`gp dicg ihw|khog oaevkhy ih pbg za|d`( Ip i pbg
dk|jgp ihw|g| ih pbg WM kh` i pbg <2 pb dk|jgp oaevkhy ih pbg za|d`( Ih Ih`ik$ pbg
oaevkhy i ek|mgpihj dicg ihw|khog v|a`wop kh` whip dihmg` ihsgpeghp vdkh( C|ae ey
]?7U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 36/62
|ggk|ob kp B@CO _DIO$ I cawh` pbkp pbg oaevkhy bk k dap ac oaevgpipiah c|ae apbg|
v|iskpg ihw|g| dimg IOIOI$ Ksisk$ Li|dk _wh Dicg kh` Pkpk KIJ( Ip kda ckog oaevgpipiah
c|ae DIO( Pa oaevgpg gccgopisgdy B@CO _DIO oawd` dkwhob obgkvg| kh` ea|g
|gkahkldg v|a`wop zipb ekdd v|geiwe kh` ba|p vadioy pg|e "pbg hwelg| ac ygk|’
v|geiwe i pa lg vki`)( Pbg i`gkd v|geiwe zawd` lg lgpzggh \( 7666 ‟ \( <7666 kh`
kh i`gkd vadioy pg|e zawd` lg ;6 ‟ <6 ygk|(
B@CO ewp k`sg|pig |gjwdk|dy kh` o|gkpg l|kh` skdwg ca| ip v|a`wop kh` g|siog( Eap
ac ip oaevgpipa| dimg Ksisk$ IOIOI$ Ekr$ \gdikhog kh` DIO wg pgdgsiiah
k`sg|pigeghp pa v|aeapg pbgi| v|a`wop( Pbg Ih`ikh oahweg| bk k ckdg vg|ogvpiah
klawp ihw|khog ‟ pbgy cggd pbkp ip zawd` hap lghgcip pbge ic pbgy `a hap disg pb|awjb pbg
vadioy pg|e( Hazk`ky bazgsg|$ eap vadioig k|g whip dihmg` vdkh zbg|g k owpaeg| i
lghgcipg` gsgh ic pbgi| `gkpb `ag hap aoow| `w|ihj pbg vadioy pg|e( Pbi egkjg bawd`
lg oahsgyg` pa vapghpikd owpaeg| a pbkp pbgy |gk`idy ihsgp ih ihw|khog(
Ckeidy |gvahilidipig kh` bijb |gpw|h k|g pbg pza ekih |gkah vgavdg ihsgp ih
ihw|khog( Avpiewe |gpw|h ac ;3 ‟ <6 ' ewp lg v|asi`g` pa oahweg| pa mggv pbge
ihpg|gpg` ih vw|obkihj ihw|khog(
Ah pbg zbadg B@CO pkh`k|` dicg ihw|khog i k jaa` vdkog pa za|m kp( Gsg|y hgz |go|wip
i v|asi`g` zipb grpghisg p|kihihj ah whip dihmg` cwh`$ cihkhoikd ihp|weghp kh` pbg
v|a`wop ac B@CO( Pbi p|kihihj ghkldg kh k`sia|!kdg ekhkjg| pa ek|mgp pbg vadioig lgppg|( B@CO zk |khmg` ;? ih pbg Lgp Vdkog pa Za|m w|sgy( Pbg oaevkhy bawd` p|y
pa o|gkpg kzk|ghg klawp ipgdc ih Ih`ik( Ih pbg jdalkd ek|mgp ip i kd|gk`y sg|y vavwdk|(
Zipb kh iev|asgeghp ih pbg kdg pgobhi{wg wg`$ k cki| lip ac k`sg|piihj kh`
ea`iciokpiah pa pbg gripihj v|a`wop va|pcadia$ B@CO zawd` lg kdd gp pa okvpw|g pbg
ihw|khog ek|mgp ih Ih`ik k ip bk k|awh` pbg jdalg(
III( —\GO\WIPEGHP KH@ _GDGOPIAH AC CIHKHOIKD
OAH_WDPKHP CA\ B@CO DICG―
% LY SIHA@ V\KNKVKP
]?3U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 37/62
ALNGOPISG% Pa pw`y pbg vg|cgop ek|mgp ca| B@CO DICG kh` pa kvv|akob vgavdg
pazk|` b`co dicg
O\IPG\IK CA\ \GO\WIPEGHP AC C(O IH B@CO DICG>
• Bg bawd` lg kpdgkp ;<pb vkg`(
• Bg bawd` oaevdgpg bi I\@K p|kihihj(
• Bg bawd` odgk| bi I\@K grke(
• Bg bawd` pb|awjb woogcwddy pbg grke kh` p|kihihj(
• Bg bawd` bksg vg|ahkd oahpkop
• Bg bawd` vag oahsihoihj vazg|
• Bg bawd` lg klasg ;2 ygk|
AVVA\PWHIPIG_>
• Cdgrildg za|m pieihj
• ^g|a ihsgpeghp
• Khy ahg okh naih
• Og|piciokpg ly I\@K
• Kpp|kopisg |gewhg|kpiah
OAHODW_IAH>
• _aeg vgavdg k|g hap kzk|g klawp pbg CO obgeg(
• Bawgzicg k|g ea|g ihpg|gpg` ih lgoaeihj k CO$ a pbkp pbgy okh gk|h ca|
pbgegdsg zbiob zidd g|sg pbge k k grp|k ihoaeg ca| pbgi| ckeidy(
• Gd`g| vgavdg okh kop k k jaa` aw|og ac l|ihjihj lwihg pa pbg oaevkhy k pbgy
k|g sg|y aoikd( Lgihj aoikd vdky k sipkd |adg ih l|ihjihj lwihg pa pbg
oaevkhy(
_WJJG_PIAH_>
• C|gg dicg oasg| ca| gsg|y CO(
]?:U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 38/62
• Oaevkhy bawd` a|jkhi~g pbg v|aj|keeg ih aoigpy$ a pbkp vgavdg zidd lg kzk|g
klawp pbg oaevkhy(
• @ioawhpg` |kpg v|geiwe ca| ckeidy egelg| ac CO(
?(? @GSGDAVEGHP_ AC PBG OAEVKHY
OG\PICIOKPG OAW\_G DKWHOBG@ LY B@CO
Ih dihg zipb ip gcca|p pa v|asi`g pbg lgp%ih%odk dgk|hihj$ za|m ghsi|aheghp$ ghkldihj
owdpw|g kh` `gsgdaveghp avva|pwhipig$ B@CO _pkh`k|` Dicg bk dkwhobg` k <%eahpb
Og|piciokpg V|aj|keeg ih Ihw|khog kh` Ekhkjgeghp( Pbg mgy alngopisg ac pbi
v|aj|keeg i pa gdgop$ p|kih$ kh` j|aae pkdghp c|ae ko|a pbg oawhp|y pa ghw|g k |gk`y vaad ac ihw|khog%p|kihg` kdg v|acgiahd ca| pbg oaevkhy(
L|kh`g` k Ci|p K`skhpkjg$ pbi <%eahpb Og|piciokpg V|aj|keeg ih Ihw|khog kh`
Ekhkjgeghp i vgoikddy `gsgdavg` pa okpg| j|k`wkpg zba k|g daamihj ca| k |gzk|`ihj
ok|gg| ih pbg ihw|khog ih`wp|y( Ah woogcwd oaevdgpiah ac pbg v|aj|keeg$ kh` vap
kgeghp$ okh`i`kpg zawd` lg kvvaihpg` k _kdg @gsgdaveghp Ekhkjg| kp B@CO
_pkh`k|` Dicg
Pbg gdgopiah v|aog ca| pbg <%eahpb Og|piciokpg V|aj|keeg ah Ihw|khog kh`
Ekhkjgeghp ihodw`g z|ippgh pgp $ j|awv `iowiah kh` ihpg|sigz( Ip ihodw`g ahg
eahpb odk|aae giah kh` ahg eahpb *ah%pbg%nal p|kihihj* kp B@CO DICG
]?2U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 39/62
<6;; OIA ;66 KZK\@
B@CO Dicg bk lggh kzk|`g` <6;; OIA ;66 "Ihpg|hkpiahkd) Kzk|` ca| ZAH@G\_$ ip
ghpg|v|ig zi`g za|mcdaz ypge( Pbg <6;; OIA ;66 Kzk|` baha| ;66 oaevkhigjdalkddy pbkp grgevdicy pbg p|kpgjio vk|phg|biv ac IP kh` lwihg( Pbg ;66 oaevkhig
gdgopg` ca| pbi ygk|ì₤ℬ OIA ;66 Kzk|` `geahp|kpg` hap ahdy pbkp pbgy zg|g kldg pa
o|gkpg hgz skdwg wihj IP kh` pa grgowpg pbgi| v|angop zgdd$ lwp kda pbkp pbgy `i` a ih
whoaeeah$ ihhaskpisg zky> viahgg|ihj k hgz pgobhadajy$ kvvdyihj k ckeidik|
pgobhadajy pa k hgz vw|vag$ gppihj pbg lk| bijbg| ca| pbgi| oaevgpipa|( B@CO Dicg kda
|gogisg` <6;; OIA ;66 Kzk|` "Ih`ik) ca| pbg 7pb oahgowpisg ygk|(
K_IK LG_P GEVDAYG\ L\KH@ KZK\@_ <6;;
B@CO Dicg |gogisg` 7 kzk|` ko|a `isg|g okpgja|ig ih Kik Lgp Gevdayg| L|kh`
Kzk|` ih pbg OEA Kik Kzk|` ca| Grogddghog ih L|kh`ihj kh` Ek|mgpihj( Pbg kzk|`
okpgja|ig pbkp B@CO Dicg bk zah k|g> Yawhj B\ V|acgiahkd ac pbg Ygk|$ Pkdghp
Ekhkjgeghp$ Lgp B\ _p|kpgjy ih Dihg zipb Lwihg$ Ihhaskpiah ih \go|wipeghp kh`
L|kh` Dgk`g|biv Kzk|` Ca| Grogddghog ih L|kh`ihj kh` Ek|mgpihj(
YWSK BG\A KZK\@
B@CO Dicg |gogisg` Ywsk Bg|a Kzk|` c|ae pbg HJA Ywsk Whpavvkldg ca|
oahp|ilwpiah pazk|` wvdicpeghp ac dgg| v|isidgjg` obid`|gh( Ywsk Whpavvkldg i k
v|geig| sadwhpgg| easgeghp zipb k ca|og ac 36$666 yawhj vgavdg ko|a ?6 oipig ac
Ih`ik bgdvihj ea|g pbkh ;66$666 mi` ih ewhioivkd obaad ! dwe pb|awjb a|jkhi~kpiahkd
vk|phg|biv zipb obaad$ oaddgjg kh` oa|va|kpg oaevkhig(
PAV 76 LG_P OAEVKHIG_ PA ZA\M CA\ IH IH@IK IH <6;;
B@CO Dicg bk lggh k`nw`jg` ahg ac pbg Lgp Oaevkhig pa Za|m ca| ih Ih`ik ih <6;;$
ca| pbg goah` oahgowpisg ygk|( Pbg oaevkhy vk|pioivkpg` ih pbg J|gkp Vdkog pa Za|m̨
pw`y kh` |khmg` ci|p ih pbg ihw|khog okpgja|y( Ip |khmg` 06pb ah pbg Pav 76 Lgp
Oaevkhig pa Za|m ca|$ ih Ih`ik <6;; dip( Pbg pw`y bk bazh pbkp B@CO Dicg `ag k
]?9U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 40/62
j|gkp nal ih ip |gzk|` kh` |goajhipiah v|aj|ke zipb hweg|aw gsghp kh` ogdgl|kpiah
pa |goajhi~g gevdaygg oahp|ilwpiah( B@CO Dicg kda v|asi`g sk|iaw gdc `gsgdaveghpkd
kh` v|acgiahkd j|azpb avva|pwhipig ca| kdd gevdaygg( Ea|g pbkh 0:6 oaevkhig
vk|pioivkpg` ih pbg pw`y$ ekmihj ip pbg dk|jgp wob pw`y ih Ih ik( B@CO Dicg
vk|pioivkpg` ih pbi pw`y ca| pbg goah` oahgowpisg pieg(
IH@IKH IH_W\KHOG KZK\@_ <6;;
B@CO Dicg bk zah pbg *Lgp V|a`wop Ihhaskpiah Kzk|` <6;;Ì % Dicg Ihw|khog* ca| pbg
v|a`wop *B@CO _D O|gp* kp pbg Ih`ikh Ihw|khog Kzk|` <6;;( B@CO _D O|gp bk lggh
k p|gh`gppihj ihhaskpiah ih pbg ek|mgp zbiob bk ek`g B@CO Dicg pbg zihhg| ac pbg
kzk|`( ,Pbg Ih`ikh Ihw|khog Kzk|` <6;;, i kh ihipikpisg ly Ih`ik Ihw|khog \gsigz ih
kaoikpiah zipb Ogdghp( Pbg kzk|` zk a|jkhig` pa bahaw| dicg ihw|khog oaevkhig* vg|ca|ekhog$ j|azpb$ v|a`wop kh` ek|mgp ihhaskpiah$ owpaeg| g|siog kh` pgobhadajy
pb|awjbawp pbg ygk|(
OI_A ;66 KZK\@_ <6;;
B@CO Dicg bk lggh kzk|`g` pbg Pav ;66 OI_A Kzk|` <6;;$ ca| `geahp|kpihj
awppkh`ihj vg|ca|ekhog ih ip ihca|ekpiah gow|ipy kh` pgobhadajy v|kopiog( B@CODicg* Obigc Ihca|ekpiah _gow|ipy Acciog| "OI_A) % _bk|k` _k`k`gmk|$ zk |goajhi~g`
keahjp pbg Pav ;66 OI_A$ ca| ievdgeghpihj ahg ac pbg lgp Ihca|ekpiah _gow|ipy
v|kopiog keahjp Ih`ikh oaevkhig$ kp k jkdk gsghp ih Ewelki( Pbg *Pav ;66 OI_A
Kzk|`* |goajhi~g grgowpisg zba bksg `geahp|kpg` awppkh`ihj ihipikpisg ih wihj
ihca|ekpiah gow|ipy v|kopiog kh` pgobhadajy pa gow|g pbgi| lwihg kh` eiiah o|ipiokd
ihca|ekpiah ih pbg eap gccgopisg ekhhg| kh` `gdisg| lwihg skdwg$ ly o|gkpihj
oaevgpipisg k`skhpkjg$ avpiei~ihj lwihg v|aogg kh` iev|asihj |gdkpiahbiv zipb
owpaeg|( Pbg kzk|` i ci|p%ac%ip%mih` kh` kie pa l|ihj pa pbg oghp|g pkjg$ pbg
oahp|ilwpiah gow|ipy acciog| ekmg ih pbg bkvihj kh` gow|ihj pbg ihpgj|ipy ac
lwihgg(
IEO \LH[K % VG\CA\EKHOG GROGDDGHOG P\AVBY <6;6
]06U
8/3/2019 Hdfc Proper Final
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B@CO Dicg bk lkjjg` pbg Ih`ikh Eg|obkhp* Obkelg| \kem|ibhk Lknkn Hkpiahkd
[wkdipy Kzk|` "IEO \LH[K) <6;6( Pbg oaevkhy bk lggh `godk|g` k zihhg| ac pbg
Vg|ca|ekhog Grogddghog P|avby <6;6 ih pbg g|siog okpgja|y( Pbg oaevkhy vk|pioivkpg`
ih Ih`ikh Eg|obkhp Obkelg| \kem|ibhk Lknkn Hkpiahkd [wkdipy Kzk|` "IEO \LH[K)
<669%;6 oyodg ca| pbg ci|p pieg kh` zah pbg kzk|` ih pbg g|siog okpgja|y( Pbg IEO
\kem|ibhk Lknkn Hkpiahkd [wkdipy Kzk|` i ahg ac pbg eap v|gpijiaw [wkdipy Kzk|`
ih pbg oawhp|y( Pbg kzk|` v|aog pk|pg` zipb ekhwckopw|ihj a|jkhi~kpiah kh` haz
oasg| ir okpgja|igÌ % ekhwckopw|ihj$ g|siog$ ekdd lwihg$ asg|gk$ g`wokpiah kh`
bgkdpb ok|g( Ip bk 0 dgsgd ac |goajhipiahÌ % Oaeegh`kpiah Og|piciokpg$ Og|piciokpg ac
Eg|ip$ Vg|ca|ekhog Grogddghog P|avby kh` pbg IEO \LH[K Kzk|`(kh`k|` Dicg acciog(
OBKVPG\ % 0
@KPK KHKDY_I_
• @kpk oaddgopiah ihp|weghp
• @kpk khkdyi
0(; @KPK OADDGOPIAH IH_P\WEGHP
K gei%p|wopw|g` mih` ac {wgpiahhki|g zk `gijhg` zbiob oahpkihg` lapb avgh% gh`g`
kh` ewdpivdg%obaiog {wgpiah(
Pbg {wgpiahhki|g `gijhg` zk pa v|asi`g `wkd ihca|ekpiah bk|ihj pyvg$ ip i g|iawdy
wh`g|pkmgh pbkp khyahg zba i wh`g|jaihj pbg v|aog$ bawd` cih` bi ihpg|gp a| gdg bg
eijbp baz `iihpg|gp pazk|` pbg v|aj|keeg( Pbg {wgpiahhki|g zk g{wkddy ieva|pkhp
lapb pa pbg owpaeg| k zgdd k pa pbg oaevkhy pa `|kz awp ip v|avgop(
Pbg {wgpiahhki|g zk `gijhg` pa eggp kdd pbg alngopisg ac pbg w|sgy cwddy kh` bgdvg`w ih mhazihj pbg hgg` ac pbg owpaeg| kh` pbg ek|mgp skdwg kh` iekjg ac pbg oaevkhy
c|ae pbag zba kd|gk`y bk` kh grvg|ighog zipb pbg EHYD( Ea|gasg|$ ip bgdvg` w pa
jisg wjjgpiah pa pbg oaevkhy a k pa okpg| owpaeg|’ hgg` ih k ewob lgppg| zky kh`
bghog l|ak`gh ip owpaeg| lkg(
Pbgg khkdysgs zg|g `ahg ah pbg lki ac caddazihj>
]0;U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 42/62
• Zbgpbg| pbg vgavdg ihsgp aegzbg|g a| hap1
• Zbgpbg| pbgy bksg ihw|g` pbgi| dicg a| hap1
• Zbkp k|g pbg |gkah ac pbgi| ihsgpeghp ih dicg ihw|khog1
• Zbiob oaevkhy pbgy p|wp ca| dicg ihw|khog1
@a `iccg|ghp p|kpgjig ac dicg Ihw|khog oaevkhig ihcdwghog pbgi| `goiiah pa jgp ihw|g`
c|ae pbkp oaevkhy1 Gpo(
ZBKP I_ YAW\ V\ACG__IAH1
ô 06 |gvah`ghp k|g v|iskpg gevdayggô 76 |gvah`ghp k|g lwihgekh
ô ;6 |gvah`ghp k|g aopa|(
]0<U
8/3/2019 Hdfc Proper Final
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ZBKP KJG J\AWV YAW CKDD IHPA1
ô ;6 |gvah`ghp ckdd wh`g| kjg j|awv ac ;2%<7ô ?6 |gvah`ghp ckdd wh`g| kjg j|awv ac <7%?7
ô 06 |gvah`ghp ckdd wh`g| kjg j|awv ac ?7%76
ô <6 |gvah`ghp ckdd wh`g| kjg j|awv ac Klasg 76(
]0?U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 44/62
ZBIOB IHOAEG J\AWV YAW CKDD IHPA1
ô 7 |gvah`ghp ckdd wh g| ihoaeg j|awv ac dg pbkh ? dkoô <7 |gvah`ghp ckdd wh`g| ihoaeg j|awv ac ?%7 dko
ô 06 |gvah`ghp ckdd wh`g| ihoaeg j|awv ac 7%: dko
ô ?6 |gvah`ghp ckdd wh`g| ihoaeg j|awv ac ea|g pbkh : dko(
]00U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 45/62
@A YAW MHAZ KLAWP I\@K1
ô 77 |gvah`ghp k|g kzk|g ac I\@K
ô 07 |gvah`ghp k|g hap kzk|g ac I\@K
]07U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 46/62
@A YAW BKSG IH_W\KHOG VADIOIG_1
s 36' ac pbg vgavdg bksg pkmgh ihw|khog vadioig lgokwg pbgy k|g kzk|g pbkp dicg i
whog|pkih$ kh` ea|gasg| aeg ac pbge bksg pkmgh ihw|khog vadioig pa ksai` pbg
lw|`ghaeg ah pbgi| ckeidy kcpg| khy eibkv(
s 06' ac pbg vgavdg bksg hap pkmgh khy ihw|khog vadioig lgokwg ekna|ipy ac pbge k|g
lwihgekh kh` pbgy ahdy p|gkp pbi k ca| ihsgpeghp vw|vag kh` ihpg|gp ah vadioig
]03U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 47/62
k|g daz kh` vadioy pghw|g i bijb a pbgy pbihm ihsgpihj ih pbgi| azh lwihg zawd` lg
ea|g v|acipkldg ca| pbge(
ZBIOB IH_W\KHOG OAEVKHIG_ K\G YAW KZK\G AC PBKP
K\G P\W_PG@ LA@IG_1
6
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0
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Ihsw|khog Oaevkhigs
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LKNKN
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IOIOI
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IHJ
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Eap ac pbg vgavdg pbihm pbkp B@CO zawd` lg k lgppg| avpiah pa ihsgp ih lgokwg ac pbg
jaa`zidd ac B@CO LKHM( Eap ac pbg vgavdg k|g lgh`g` pazk|` pbg jaa`zidd pbkp
B@CO vag ih ek|mgp a pbgy pbihm ip’ k lgppg| avpiah pa ihsgp ih(
]0:U
8/3/2019 Hdfc Proper Final
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ZBIOB AC PBG CADDAZIHJ YAW V\GCG\1
s :6 vgavdg v|gcg| pa ja ca| |gjwdk| v|geiwe vadioig k eap ac pbge lgdahj pa ei``dg%
odk ckeidig a pbgy pbihm |gjwdk| v|geiwe vkyihj i pbg lgp kh` pbg eap ypgekpio
avpiah ca| pbg pbge k oaevk|g` pa ahg pieg ihsgpeghp(
s ?6 vgavdg v|gcg| pa ja ca| ihjdg v|geiwe vadioig k pbgy lgdahj pa bijb v|acidg kh` pbg
cwpw|g i whog|pkih a pbgy zkhp pa ihsgp ahg pieg eahgy zbiob zidd |g`wog pbg
lw|`ghaeg ca| ckeidy ih cwpw|g(
]02U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 49/62
ZBKP I_ YAW\ ALNGOPISG AC IH_W\KHOG1
s ?6 vgavdg ky pbkp pbgy ihsgp ih ksihj vdkh k pbgy zkhp pa o|gkpg k vaad ca| pbgi|
obid`|gh kh` ckeidy ih cwpw|g(
s <6 vgavdg pbihm pbkp dicg i whog|pkih a ip lgppg| pa kcgjwk|` pbgi| ckeidy ly ihsgpihj ih
ihw|khog vadioig(
s ;7 vgavdg v|gcg| ihsgpihj zipb pbg kie ac ksihj pkr( Pbgy lgdahj pa bijbg| odk a pbgy
pbihm ip’ k lgppg| kh` ea|g cgkildg zky ca| pbge pa ksg pkr(s ;6 vgavdg ky pbkp pbgy zidd v|gcg| g`wokpiah vadioig ca| pbg lgppg|eghp ac cwpw|g$ pbgy
vdkh pa o|gkpg k vaad ac eahgy ca| pbgi| g`wokpiah vw|vag ih a|`g| pa ksai` bih`|khog$ ic
khy
s ;6 vgavdg ky pbkp pbgy ihsgp zipb kh alngopisg ac ihsgpeghp zipb dicg oasg|(
s ;6 vgavdg ky pbkp pbgy eky a| eky hap bksg khy alngopisg ac ihsgpeghp(
]09U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 50/62
s 7 vgavdg pbihm pbkp pbgy bawd` bksg k |gjwdk| ihoaeg zbgh pbgy k|g |gpi|g`( Pbgg k|g
jghg|kddy lwihgekh zba `agh’p bksg khy |gjwdk| vghiah kcpg| |gpi|geghp(
CA\ ZBKP PG\E @A YAW JGHG\KDDY IHSG_P1
ô <7 |gvah`ghp jghg|kddy ihsgp ca| dg pbkh ;6 ygk|
ô 07 |gvah`ghp jghg|kddy ihsgp ca| ;6%;7 ygk|
ô ?6 |gvah`ghp jghg|kddy ihsgp ca| ea|g pbkh ;7 ygk|
]76U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 51/62
K\G YAW KZK\G AC WHIP DIHMG@ VDKH_1
s :6' ki` pbkp pbgy k|g kzk|g ac pbg whip dihmg` vdkh(
s ?6' `agh’p mhaz pbg `iccg|ghog lgpzggh whip dihmg` vdkh kh` gh`azeghp vdkh
lgokwg ca| pbge lapb g|sg pbg vw|vag ac ihw|khog(
]7;U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 52/62
ZBKP PYVG AC WHIP DIHMG@ VDKH_ @A YAW IHSG_P IH1
s 76 vgavdg ky pbkp pbgy zidd v|gcg| pa ihsgp ih gh`azeghp vdkh lgokwg pbgy `ah’p bksg
|im pkmihj okvkoipy kh` pbgy zkhp pa kobigsg jakd ah vgoicio `kpg(
s ?6 vgavdg ky pbkp pbgy zkhp k |gjwdk| ihoaeg kcpg| |gpi|geghp a pbgy pbihm vghiah vdkh
i pbg lgp avpiah pa ihsgp ih( eap ac pbgg k|g lwihgekh kh` v|acgiahkd(
s <6 vgavdg ky pbkp obid`|gh vdkh i pbg lgp avpiah ca| pbge k pbgy zkhp pa gow|g pbgi|
cwpw|g ly v|asi`ihj lgppg| g`wokpiah(
]7<U
8/3/2019 Hdfc Proper Final
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ZBKP LGHGCIP_ YAW DAAM CA\ LGCA\G VW\OBK_IHJ
IH_W\KHOG VADIOIG_!VDKH_1
s 06 vgavdg zawd` daam ca| pbg iho!`go ac v|geiwe lgokwg keg v|a`wop i accg|g` ly
`iccg|ghp oaevkhig kp `iccg|ghp v|geiwe a pbg ihsgpa| zawd` daam wvah pbg lgp avpiah
keahj pbg kdpg|hkpisg(
s ?7 vgavdg zawd` daam ca| pbg zipobihj cwh` avpiah lgokwg ic aegzbg|g pbg ihsgpa|
pbihm pbkp bg i hap jgppihj pbg grvgopg` |gpw|h a bg okh bksg pbg avpiah pa zipob
bi!bg| cwh`(
s<7 vgavdg zawd` daam ca| pbg zipb`|kzkd ckoidipy k pbgy okh kskid pbg eahgy$ zbgh|g{wi|g`(
]7?U
8/3/2019 Hdfc Proper Final
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BAZ EKHY IH_W\KHOG OASG\_ BKSG YAW PKMGH1
ô <6 |gvah`ghp jghg|kddy bksg ahg ihw|khog oasg|
ô <7 |gvah`ghp jghg|kddy bksg pza ihw|khog oasg|
ô ?7 |gvah`ghp jghg|kddy bksg pb|gg ihw|khog oasg|
ô <6 |gvah`ghp jghg|kddy bksg ea|g pbkh pb|gg ihw|khog oasg|
]70U
8/3/2019 Hdfc Proper Final
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Obkvpg| % 7
Cih`ihjs # \goaeegh`kpiahs
• Cih`ihj• Oahodwiah
• \goaeegh`kpiah
7(; CIH@IHJ_
k) 06' ac pbg vadioybad g| k|g gevdayg` ih vsp( _gopa| kh` 76' k|g gdc%gevdayg`(
Ahdy ;6' ac vadioybad`g| k|g gevdayg` ih jasp( gopa|(
l) 7' ac pbg kevdg vavwdkpiah lgdahj pa pbg ihoaeg l|komgp ac ? dko kh` <7'
lgdahj pa ?%7 dko( Pbg|gca|g v|a`wop wipkldg pa pbi odk ac owpaeg| ewp lg
`gsgdavg`(
o) Ahdy 77' ac pbg kevdg vavwdkpiah i kzk|g ac I\@K( Pbg|gca|g kppgevp bksg pa
lg ek`g pa o|gkpg j|gkpg| kzk|ghg klawp I\@K pbkp bgdv pa iho|gkg pbg
|gdiklidipy(
`) 36' ac pbg vavwdkpiah bk ihw|khog oasg|( Pbi egkh pbg|g i pidd k j|gkpg|
ek|mgp pbkp bk pa pkv(
g) IOIOI V|w`ghpikd i oahi g|g` pa lg pbg eap |gdikldg a|jkhi~kpiah ih pbg eih` ac
kevdg vavwdkpiah caddazg` ly B@CO _DIO kh` pbgh Ae Mapkm( Pbg|gca|g
B@CO _DIO bk pa iho|gkg pbg dgsgd ac |gdiklidipy pa lgkp ip p|ahjgp oaevgpipa|(
c) ?6' ac vavwdkpiah v|gcg| ihjdg v|geiwe oasg|( Pbg|gca|g ea|g ac |gjwdk|
v|geiwe v|a`wop bksg pa lg v|a`wog`(
j) ;7' ac pbg vavwdkpiah vw|obkg ihw|khog v|a`wop pa jgp pkr lghgcip(?6' pa
ihow| ksihj(;6' ca| g`wokpiahkd vw|vag(;6' ca| ihsgpeghp eapisg kh` 7'ca| vghiah(
b) <7' ac pbg vavwdkpiah v|gcg| pa ihsgp ca| k pg|e ac dg pbkh ;6ygk| kh` 07' ac
pbge v|gcg| pa ihsgp ca| k pg|e ac ;6%;7 ygk|(
i) Ahdy :6' ac pbg vavwdkpiah bk pkmgh Whip dihmg` vdkh( Pbi ievdig pbg|g i k
dk|jg ek|mgp pbkp i kskidkldg ca| pbi v|a`wop(
]77U
8/3/2019 Hdfc Proper Final
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n) <6' ac pbg vavwdkpiah vw|obkg obid`|gh vdkh$ 76' vw|obkg gh`azeghp kh`
?6' vw|obkg vghiah vdkh(
m) <7' ac pbg vavwdkpiah ggm ca| zipb`|kzkd ckoidipy kh` 06' ggm ca| v|geiwe
cdgrilidipy ah obaaihj ca| ihw|khog v|a`wop(
d) <6' ac pbg vavwdkpiah bk ahdy ahg ihw|khog oasg|$ <7' bksg pza oasg| kh`
ahdy <6' bksg ea|g pbkh pb|gg oasg|(
e) B@CO _DIO bk pa caow ah dazg| obk|jg kh` v|asi`ihj j|gkpg| lghgcip pa
o|gkpg k j|gkpg| owpaeg| lkg(
h) IOIOI V|w`ghpikd i pbg lijjgp oaevgpipa| ac B@CO _DIO ih pg|e ac v|a`wop
sk|igpy$ o|gkpihj kzk|ghg$ koogilidipy$ kh` {wkdipy ac g|siog(
C|ae sgoah`k|y saw|ogs
Ek|mgp bk|g ac sk|iaw ihw|khog a|jkhi~kpiah ih Kv|%Nwh’67>
Hkeg ac a|jkhi~kpiah Ek|mgp sbk|gDIO :0(2:'
IOIOI V\W@GHPIKD :(7?'LKNKN KDDIKH^ 0(;2'
B@CO _DIO ?(<'PKPK KIJ ;(9?'
LI\DK _WH DICG ;(20'_LI DICG ;(39'EKR HGZ YA\M ;(00'
7(< OAHODW_IAH
• Ekriewe hwelg| ac pbg |gvah`ghp oahi g| IOIOI k pbg eap p|wpg`
ihw|khog oaevkhy(
]73U
8/3/2019 Hdfc Proper Final
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• \gvah`ghp gge pa ihsgp ih ihw|khog vadioig eapdy ca| ksihj kh` pa lg
v|apgopg` c|ae khy mih` ac kooi`ghp( K sg|y ekdd hwelg| ac vgavdg lwy
ihw|khog vdkh ca| vghiah(
•
Vgavdg v|gcg| pa ihsgp ca| k pg|e ac dg pbkh ;6ygk| kh` aeg ac pbge v|gcg| paihsgp ca| k pg|e ac ;6%;7 ygk|( Pbi ih`iokpg pbkp vgavdg zkhp dahj pg|e
gow|ipy ly jgppihj ihw|g`(
• IOIOI V|w`ghpikd i pbg j|gkpgp oaevgpipa| ac B@CO _DIO( Pbg|gca|g pbg
vg|ca|ekhog ac B@CO ih pg|e ac v|a`wop sk|igpy$ j|azpb |kpg$ koogilidipy kh`
j|gkpg| kzk|ghg bawd` lg eahipa|g` kh` ghbkhog`
7(? \GOAEEGH@KPIAH_
• Pbg oa( bawd` caow ah v|a`woihj j|gkpg| v|a`wop sk|igpy kh` ea|g
owpaei~kpiah(
]7:U
8/3/2019 Hdfc Proper Final
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• J|gkpg| kzk|ghg klawp I\@K kh` pbg a|jkhi~kpiah bk pa lg o|gkpg` pb|awjb
k`sg|pigeghp(
• Ihsgpeghp k kh alngopisg ac ihw|khog bk ygp pa lg gpkldibg`( J|gkpg| caow
bawd` lg vki` ah pbi(
• IOIOI V|w`ghpikd i pbg j|gkpgp oaevgpipa| ac B@CO _DIO( Pbg|gca|g pbg
vg|ca|ekhog ac B@CO ih pg|e ac v|a`wop sk|igpy$ j|azpb |kpg$ koogilidipy kh`
j|gkpg| kzk|ghg bawd` lg eahipa|g` kh` ghbkhog`(
• Pbg vapghpikd pk|jgp owpaeg| i` ac pbg kjg j|awv ;2%<7 ygk| kh` ihoaeg l|komgp
<%?(7 dko( Owpaei~g` v|a`wop ca| pbi odk bawd` lg `gsig` kh` accg|g`(
LILDIAJ\KVBY
• Mapdg| Vbidiv —Ek|mgpihj Ekhkjgeghp―
• ^gipbkd —_g|siog Ek|mgpihj―
]72U
8/3/2019 Hdfc Proper Final
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• Ihw|khog Vap Kik ‟Kv| ’67$ Nwh ‒67
• Ek|mgpihj Ekpg|eih` ‟Eky ‒67
• Okg Cadia ‟ Ihw|khog ek|mgpihj
• Mapbk|i O \ —\ggk|ob Egpba`adajy―
Zglsipgs>
• zzz(dio(oae
• zzz(b`cod(oae
• zzz(ioioiv|w(oae
Naw|hkds>
•
Lwihg pa`ky• Goahaeio pieg
• Ih`ik pa`ky
KHHGRW\G_
[WG_PIAHHKI\G
VG\_AHKD @GPKID_
]79U
8/3/2019 Hdfc Proper Final
http://slidepdf.com/reader/full/hdfc-proper-final 60/62
HKEG >QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
K@@\G__ >QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
_GR > E C
PGD HA >QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
GEKID >QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
ZBKP I_ YAW\ V\ACG__IAH1
VSP( GEVDAYGG
LW_IHG__EKH
@AOPA\
ZBKP KJG J\AWV YAW CKDD IHPA1
;2%<7 <7%?7 ?7%76 KLASG 76
ZBIOB IHOAEG J\AWV YAW CKDD IHPA1
8 ? Dko ? ‟ 7 Dko 7 ‟ : Dko 4 : Dko
@A YAW MHAZ KLAWP I\@K1
YG_ HA
@A YAW BKSG IH_W\KHOG VADIOIG_1
YG_ HA
]36U
8/3/2019 Hdfc Proper Final
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ZBIOB IH_W\KHOG OAEVKHIG_ K\G YAW KZK\G AC PBKP K\G
P\W_PG@ LA@IG_1
B@CO _PKH@K\@ DICG KDDIKH^ LKNKN KSISK
IOIOI V\W@GHPIKD EKR HGZ YA\M IHJ SYK_K
AE MAPKM LI\DK _WH DICG EGP DICG
ZBIOB AC PBG CADDAZIHJ YAW V\GCG\1
_IHJDG V\GEIWE VADIOIG_
\GJWDK\ V\GEIWE VADIOIG_
ZBKP I_ YAW\ ALNGOPISG AC IH_W\KHOG1
V\APGOPIAH _KSIHJ_ IHSG_PEGHP
VGH_IAH PKRKPIAH G@WOKPIAH APBG\_
CA\ ZBKP PG\E @A YAW JGHG\KDDY IHSG_P1
DG__ PBKH ;6 Y\_ ;6%;7 Y\_ EA\G PBKH ;7 Y\_
K\G YAW KZK\G AC WHIP DIHMG@ VDKH_1
YG_ HA
ZBKP PYVG AC WHIP DIHMG@ VDKH_ @A YAW IHSG_P IH1
OBID@\GH_ VDKH GH@AZEGHP VGH_IAH
]3;U
8/3/2019 Hdfc Proper Final
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ZBKP LGHGCIP_ YAW DAAM CA\ LGCA\G VW\OBK_IHJ
IH_W\KHOG VADIOIG_!VDKH_1
ZIPB@\KZKD_ _ZIPBOBIHJ CWH@_ IHO! @GO AC V\GEIWE_
BAZ EKHY IH_W\KHOG OASG\_ BKSG YAW PKMGH1
AHG PZA PB\GG EA\G
ZBKP CKOPA\_ YAW OAH_I@G\ LGCA\G VW\OBK_IHJ
IH_W\KHOG VADIOIG_ KH@ BAZ ZAWD@ YAW \KPG PBGE AH K
_OKDG AC ;%71
OAEVKHY HKEG QQQQQQQQQQQQ
OBK\JG_ QQQQQQQQQQQQ
EKPW\IPY KEP QQQQQQQQQQQQ
LGHGCIP_ QQQQQQQQQQQQ