Economics
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on 1st February, 1964.…
August 19, 2021 · Prabhu TLEconomics
Economics
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…
August 19, 2021 · Prabhu TLEconomics
State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment of IFCI. v SFCs were set-up in…
August 19, 2021 · Prabhu TLEconomics
CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the expansion and contraction…
August 19, 2021 · Prabhu TLEconomics
Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create credit i.e. can expand the monetary…
August 19, 2021 · Prabhu TLEconomics
Exceptions to the law of demand
Conspicuous goods: These are certain goods which are purchases to project the status and prestige of the consumer. For…
August 19, 2021 · Prabhu TLEconomics
Essentials of a Sound Banking System
A sound banking system promotes all round economic development of an economy. A good bank must have the…
August 19, 2021 · Prabhu TLEconomics
Functions of a Commercial Bank
• Modern commercial banks perform a variety of functions and provide a number of services to their customers.…
August 19, 2021 · Prabhu TLEconomics
BANK
• A bank is said to be a financial intermediary. • It stands midway between the savers and the users…
August 19, 2021 · Prabhu TLEconomics
LIQUIDITY PREFERENCE AND MARGINAL EFFICIENCY
Liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by Keynes…
August 19, 2021 · Prabhu TL