Banking

  International Organisation   International Monetary Fund (IFM)   ·                     IMF was established on December 27, 1945 in Washington on the recommendations of Bretton Woods Conference, but it started operations on March 1, 1947. ·                     At present, 185 nations are members of the IMF. ·                     IMF headquarter is in Washington.   more...

  Money and Inflation     Money: ·                     In ordinary usage, what we use to pay for things is referred to as money. But the definition of money is still an unresolved fescue of monetary economics. Though money is a concept which still lacks absolute clarity in scientific terms.   ·                     There are two Approaches to defining money ? (a) Traditional approach (b) Empiricists approach. ·                     more...

  Capital Market and Institution     Financial Market   Financial market is a mechanism that allows people to easily buy and sell financial securities, commodities and other fungible items of value at low transaction costs at a predetermined or market determined price. Financial market can be divided into different types of market:   (a) Money market: which provides short term debt more...

Economics   Economics is a subject matter that studies different economic activities as a directed towards the maximisation of satisfaction or maximisation of profit at the level of an individual and maximisation of social welfare at the level of the country as a whole. Classification of Economics into branches was done by Ragnar Frisch.     Microeconomic When economic problems or economic issues are studied considering small economic units like an individual consumer or an individual producer is called Microeconomics      

• Microeconomics is basically concerned ring with determination of output and price for an individual firm or industry.

  Macroeconomics       Macroeconomics is concerned with the economy as a whole or large segments of it. It is that branch of economics which studies economic activities at the level of an economy as a whole. It deals the following—

• Theory of National more...

  Banking     Bank   The word "Bank" is derived from the Greek word banque or the Halian word banco both meaning a bench-referring to a bench at which money lenders and money changers used to display their coins and transact business in the market place.   ·                     A Banking company in India has been defined in the Banking Companies act 1949 as one "which transact the business of banking which means the accepting more...

Economics and Glossary & Acronyms   Capital Budget: Capital budget consists of investment in shares and loans and advances granted by the Central government to State governments government companies, corporations and other parties. It includes capital receipts and capital payments.   Budget Deficit: Budget deficit occurs when the spending of a government exceeds that of its financial savings. It can be happen when the government does not plan its expenses, after taking into account its entire savings.   Fiscal Deficit: Fiscal deficit is the gap between the sum of its revenue receipt a non-debt capital receipts and Government's total expenditure,   Dumping: Dumping is an informal name for the practice of selling a product a foreign country for less than the price in the domestic country or the cost of" making the product.   more...

  Computer: General Introduction       Introduction     A computer is a manmade electronic machine which stores, reads and processes data to produce meaningful information as output. It works very fast and does not make mistakes but its capacity is limited. It is made of English word 'compute?. It operates under the control of a set of instructions that is stored in its memory unit. A computer accepts data from an input device and processes it into useful information which it displays on its output device. Actually, a computer is a collection of hardware and software components that helps us to accomplish many different tasks. Hardware consists of the computer itself and includes a CPU, a monitor, a keyboard, a mouse and any equipment connected to it. Software is the set of more...

  Development of Computer       Introduction   Computer is a man ?mad electronic machine that change the way we work live and play .A machine that has done all this and more ,now exits in invention is the computer the computer is a one of the most powerful innovation in human history .the electronic computer has been around for over a half century butt its ancestor abacus   has been around for 2000 years however only in the last 40 year it has changed the of lifestyle from the first wooden abacus to the latest high speed microprocessor  the computer has changed the nearly  every aspect of people lives for the better .with the use of computer people are suddenly able to perfumed a large amount of computation at dazzling speed more...

  Input and Output Device       Introduction   There are a lot of devices that are attached to the computer. Some of them are input devices while others are output devices. These devices are collectively referred to as peripheral devices Input Devices: Information or data that is entered into a computer is called input. It can come from an external source and be fed into computer software. It is done by an input device. In other words, devices that are used to give instruction to the computer are known as input devices. They send information into the CPU. Without any input device that computer would simply be a display device like a TV. Some most commonly used input devices are given below   more...

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