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R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Jan 12, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Asked by Anonymous - Nov 15, 2023Hindi
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Career

My daughter wants to take commerce stream in XI considering Accounting, Business studies, applied Math, Economics and Information practices. She has no idea of what she choose. She has a little love for math today. Will this be a right track? As per the previous results, she had some interests in humanities group (including economics) which reflected into numbers she got. But now she has been a bit confused. Please advice.

Ans: It’s great to hear that your daughter is considering Commerce stream in XI. Commerce is a popular stream of education that deals with various aspects of business, trade, accounting, financial information/transactions, and merchandising. The subjects that are taught under the Commerce stream in Class 11 comprise Accountancy, Economics, Business Studies, Statistics, Mathematics, and Informatics Practices.

Based on your message, it seems like your daughter has an interest in Mathematics and Economics. It’s worth noting that Mathematics is an important subject in Commerce stream and is a prerequisite for many professional courses such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountant (CMA), Chartered Financial Analyst (CFA), and Banking Sector. Economics is also a core subject in Commerce stream and is essential for understanding the functioning of the economy and business environment.

Considering your daughter’s interests and the subjects she is considering, Commerce stream in XI seems like a good choice. However, it’s important to note that Commerce stream is not just about numbers and calculations, but also requires analytical and critical thinking skills. It’s also important to keep in mind that the choice of stream should be based on your daughter’s interests and aptitude, and not just on the basis of previous results.

I hope this helps. If you have any more questions, feel free to ask!
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Hello sir My daughter is in 8th grade ICSCE and moving to 9th now, she need to choose subjects. She is not interested in maths but want to take commerce and economics. Without maths will there be good options in future for studies and career? Please assist
Ans: Praveen, Your daughter has great job choices in banking, finance, marketing, law, corporate secretary, mass communication, journalism, and hotel management even if she can pursue Commerce and Economics without Mathematics. Higher studies possibilities comprise B.Com (Bachelor of Commerce), B.A (Bachelor of Business Administration), BA Economics, Law (BA LLB/BVA LLB), Mass Communication & Journalism, and Hotel Management. Jobs in banking and finance; marketing and sales; HR; corporate secretary; legal profession; and entrepreneurship abound. Nonetheless, some elite institutions and universities could demand Mathematics, and disciplines like Data Science, Finance, and Actuarial Science mostly depend on it. She can still have a brilliant future in commerce and economics even if she hates maths greatly. She should investigate courses in Business Studies, Accountancy, or Entrepreneurship alongside Commerce & Economics since Applied Mathematics can be a useful substitute. Please note, The level of Mathematics required in Commerce and Economics depends on the specific subjects and career paths chosen. Commerce without Maths involves basic calculations and logic-based thinking, while Economics without Maths involves basic statistics, graphs, and logical reasoning. B.Sc. Economics requires higher Maths, while Commerce with Applied Maths covers practical topics like financial mathematics, probability, statistics, and logical reasoning. Career paths include B.Com, BBA, CS, Law, HR, Digital Marketing, and Entrepreneurship. If a daughter dislikes Maths but wants Commerce/Economics, Commerce without Maths is a safe choice. If she is not able to cope up with ICSCE Board, it is advisable to change her into CBSE. If she is struggling with the ICSE board, it is advisable to transfer her to CBSE. All the Best for Your Daughter's Prosperous Future.

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Asked by Anonymous - Jun 22, 2025Hindi
Money
my net monthly income is 216000 after tax, total loan I have Rs 75 lac, loan breakup home loan 46 lac, personal loan 28 lac, credit card os 11 lac. suggest how to be debt free in next 6 years.
Ans: Step 1: Know Your Monthly Debt Capacity
Assuming you can allocate 50–55% of your income toward debt repayment:
• ?1.08–1.18 lakh/month is your target EMI budget.
Step 2: Prioritize High-Interest Debt First
Credit card and personal loans typically carry 15–36% interest, while home loans are around 8–9%. So:
1. Credit Card (?11L) – Pay this off first.
2. Personal Loan (?28L) – Next priority.
3. Home Loan (?46L) – Last, since it’s lower cost and offers tax benefits.
Step 3: Consider Consolidation
You could explore:
• Debt consolidation loans to combine credit card + personal loan into one lower-interest EMI.
• Balance transfer for credit cards to reduce interest temporarily.
• Platforms like FREED, SingleDebt, or Debt Relief India offer structured debt management plans.
Step 4: 6-Year Repayment Plan (Illustrative)
Loan Type Amount (?L) Target Tenure Monthly EMI (approx)
Credit Card 11 1 year ?1.0–1.1 lakh
Personal Loan 28 3 years ?0.9–1.0 lakh
Home Loan 46 6 years ?0.8–0.9 lakh
You can snowball payments—once one loan is cleared, roll that EMI into the next.
Tips to Accelerate
• Bonus or incentives? Use 70–80% toward debt.
• Cut lifestyle inflation—track expenses ruthlessly.
• Avoid new debt unless it’s strategic (e.g., refinancing).
• Automate EMIs to avoid late fees and improve credit score.

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