Notes and Study material for Exams
The Fixed Exchange Rate: A Balancing Act Between Stability and Flexibility The exchange rate, the price of one currency in terms of another, plays a crucial role in the global economy. It influences trade, investment, and the overall economic performance of nations. While floating exchange rates, determined by market forces, are the norm in today’s … Read more
The Written and Unwritten Constitution: A Tale of Two Systems The concept of a constitution, a fundamental document outlining the structure and powers of a government, is a cornerstone of modern political systems. However, the form and content of these constitutions vary significantly across the globe. One key distinction lies in the division between written … Read more
Calculation Of Interest On/in Savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation Earlier, banks would pay interest at the rate of 3.5% p.a. on the lowest available balance … Read more