Banking

 Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding Money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more

Simple Interest

 MATHEMATICS AND QUATITUATIVE Aptitude – SIMPLE INTEREST Introduction Money is not free and it costs to borrow the money. Normally, the borrower has to pay an extra amount in addition to the amount he had borrowed. i.e, to repay the loan, the borrower has to pay the sum borrowed and the interest. Lender … Read more

Mains Booster-Government market borrowings, loans and grants

Government Market Borrowings, loans and grants There are two types of borrowings : Internal borrowings External borrowings There is third mean of public loan i.e. other liabilities Internal borrowings Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. Internal debt’s … Read more

Government market borrowings, loans and grants

Government Market Borrowings, loans and grants There are two types of borrowings : Internal borrowings External borrowings There is third mean of public loan i.e. other liabilities Internal borrowings Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. Internal debt’s … Read more

Agricultural credit

68.84% of the Population in India is rural based and majority of them depends on agriculture for a living. Enhanced and stable Growth of the agriculture sector is important as it plays a vital role not only in generating purchasing power among the rural population by creating on-farm and off-farm EMPLOYMENT opportunities but also through … Read more

International Development Association

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> (IDA) The (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1960 to complement the … Read more

Components of Capital Account

The components of Capital Account are: Capital transfers Direct InvestmentInvestment Portfolio Investment Other investment Capital transfers are transactions that do not involve the creation or extinguishment of a financial asset or liability. They include: Gifts Grants Reparations Intergovernmental transfers Direct investment is investment that an enterprise makes to acquire a lasting interest in an enterprise … Read more

PM Mudra Yojana: Fueling India’s Entrepreneurial Spirit

The Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, is a flagship government initiative aimed at providing financial support to micro and small enterprises in India. The scheme aims to boost entrepreneurship, create employment opportunities, and foster self-sufficiency among the country’s vast non-corporate, non-farm sector. Understanding PMMY’s Structure PMMY operates through a network of lending … Read more