Business Firms & Decisions
Business firms are a combination of manpower, financial, and physical resources which help in making managerial decisions. Societies can be classified into two main categories − production and consumption. Firms…
Economics Overview
A close interrelationship between management and economics had led to the development of managerial economics. Economic analysis is required for various concepts such as demand, profit, cost, and competition. In…
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on 1st February, 1964. Objectives: The two objectives of the UTI are: (a) to mobilize the…
Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial assistance as well as to revive and revitalize sick industrial units in public and private sector. (ii) IRCI was…
State Financial Corporations (SFC)
About: SFC was established in 1951 after three years of the establishment of IFCI.SFCs were set-up in various states as regional institutions to cope with the requirements of medium and…
CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the expansion and contraction of the volume of money supply for general Economic Welfare. The Central…
Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create credit i.e. can expand the monetary base of a country. • It does so not by issuing new money…
Essentials of a Sound Banking System
A sound banking system promotes all round economic development of an economy. A good bank must have the following features : — (a) Adequate Liquidity — A bank must keep sufficient cash…
Functions of a Commercial Bank
• Modern commercial banks perform a variety of functions and provide a number of services to their customers. • They are regarded as departmental - store banks because they provide…
