Balance of Payments
The Balance of Payments is a statement or record of all monetary and economic transactions made between a country and the rest of the world.
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Money and Capital Markets
“Financial market” is a phrase used to denote the total infrastructure which facilitates the trade of financial securities.Financial securities can be like currency, bonds, stocks, derivatives, commodities, forex etc. Structure of Financial Market in India Definition of Money Market and Capital Markets A component of financial market that facilitates short term borrowing, lending, buying and selling.
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National Income
National Income is the value of production activity of a country. Includes payments made to all factors of production land, labour, capital and enterprise.
Inflation
Inflation is the rate of increase in prices over a given period of time. It means your money won’t buy as much today as you could yesterday.
Money and Financial System of India
What is Money? Money has been defined differently by different economists. But the most acceptable definition of money can be stated in terms of all the functions of money. Money is anything which is generally accepted as a means of exchange, a measure and store of value and which also acts as standard of deferred
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GATT and WTO
Free Trade Vs Protectionism Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Barriers of Trade Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Stages of Economic Integration World Trade Organization, as an institution was established
International Monetary Fund(IMF)
Bretton Wood Twins As both institutions are outcome of a conference – “United Nations Monetary and Financial Conference” at the Mount Washington Hotel in In Bretton Woods, New Hampshire in 1944. They are popularly referred as Brettonwood twins. Purpose of Bretton wood institutions The basic aim was to help rebuild the shattered post-war economy (
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Taxation
Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens. The authority of the government to levy tax in India is derived from the Constitution of India, which allocates the power to levy taxes
Fiscal Policy
Fiscal policy is the use of government spending and taxation to influence the economy, to promote sustainable growth and reduce poverty.
Banking in India – Functions and Challenges
What is a Bank: A bank is an institution which accepts deposits from the public and in turn advances loans by creating credit. The act of lending and borrowing creates both credit and debit. \”Debt represents money that has been borrowed but not yet been paid back, Credit represents money available to be borrowed.\” The
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