Notes and Study material for Exams
Narrow Money: A Deep Dive into the Core of a Nation’s Liquidity Narrow money, often referred to as M1, represents the most liquid components of a country’s money supply. It encompasses those financial assets that can be readily used for transactions, providing a direct measure of the immediate purchasing power available in an economy. Understanding … Read more
The Certificate of Deposit: A Safe Haven for Your Savings In the ever-evolving landscape of personal finance, where investment options abound, the Certificate of Deposit (CD) stands as a beacon of stability and predictable returns. While it may not offer the explosive growth potential of stocks or the flexibility of a savings account, the CD … Read more
Understanding the Components of a Budget: A Comprehensive Guide A budget is more than just a list of numbers; it’s a roadmap for your financial future. It helps you allocate your resources effectively, achieve your financial goals, and avoid unnecessary debt. To create a successful budget, you need to understand its key components and how … Read more
Budgeting Budgeting is the process of estimating the availability of Resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-Economic Development … Read more
The Backbone of the Economy: A Deep Dive into Commercial Banks Commercial banks are the lifeblood of modern economies, facilitating the flow of money, providing essential financial services, and playing a crucial role in economic growth and stability. This article delves into the intricate world of commercial banks, exploring their functions, structure, key services, and … Read more
DISCOUNT The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business … Read more
Collective Investment Schemes (CIS): A Comprehensive Guide Collective Investment Schemes (CIS) are a popular investment vehicle that allows individuals to pool their money together to invest in a diversified portfolio of assets. This diversification helps to reduce risk and potentially enhance returns. This article will provide a comprehensive overview of CIS, exploring its key features, … Read more
National Pension Scheme (NPS): Building Your Retirement Fund The National Pension System (NPS) is a voluntary, defined contribution pension scheme launched in 2004 by the Government of India. It is a retirement savings plan that allows individuals to contribute regularly towards their retirement corpus. The NPS is designed to provide a regular income stream during … Read more
Sukanya Samriddhi Scheme: Securing the Future for India’s Daughters The Sukanya Samriddhi Account Scheme (SSA), launched in 2015, is a government-backed savings scheme specifically designed to empower and secure the future of India’s daughters. This scheme, under the Pradhan Mantri Jan Dhan Yojana, aims to encourage parents and guardians to invest in their daughters’ education, … Read more