web analytics

Currency Money

Posted on December 20, 2014
Currency Money Currency money is a legal tender money and thus is called high-powered money.It includes the currency notes and coins issued by the central bank of a country.Generally, the central bank posses the monopoly of note issue.But, in certain countries, the treasury or the ministry of finance also issues notes or coins along with the central bank. In India, one rupee note and the coins are issued and managed by the Finance Ministry of the Government of India. All other notes are issued and Read more [...]

Gross and Net Interest

Posted on December 19, 2014
Gross and Net Interest In common language, interest is a payment made by a borrower of the lender for the use of money and is expressed as a rate per cent per year. But the economics,  interest is defined  differently by different economist. According to Carver, " interest is the income which goes to the owner of capital." Marshall defines interest as "" the price paid for the use of capital in any market." For Wicksell, interest is " a payment made by the borrower of capital by virtue of its Read more [...]

Concept of value of money

Posted on December 19, 2014
Concept of value of money Meaning By the term"value of money" we mean the purchasing power of money or its buying capacity. It refers to the number of goods and services which a unit of money can buy.The larger the amount of goods and services money can purchase, the greater will be the value of money, and vice versa. According to Crowther," the value of money is what it will buy."   According to Robert Son, the value of money means " the amount of things general which will be given Read more [...]

Paper Money-Merits and Demerits

Posted on December 16, 2014
Paper Money-Merits and Demerits Paper money formed the next stage in the evaluation of money. It was  introduced in the 17th and 18th centuries and has now become the most popular form of money. Initially, due to the safety problem of carrying cost-lier materials, like gold and silver, from one place to another, the merchant s used to carry paper receipts against metallic money.With the passage of time, the scarcity of metals led the state authorities to introduce convertible paper currency; paper Read more [...]

How to define central bank

Posted on December 7, 2014
How to define central bank Meaning of  central bank Central banking in the main monetary institution which is at the apex of the monetary and banking structure of a country.It is the leader of a money market and such as controls, regulates and supervises the activities  of all commercial banks. It is the central monetary authority which manages the currency and credit policy of the country and functions as a banker to the government as well as commercial banks.It is difficult to define central Read more [...]

Balance of Trade and Balance of payment same?

Posted on November 20, 2014
Balance of Trade and Balance of payment same?   The Balance of trade (BT) is the amount, by which the value of a country's export goods exceeds the value of its  imports of goods.On the other hands the balance of trade is the difference between total value of visible imported goods and total value of visible exported exported goods of a country for particular period(generally one year).   The Balance of payment The balance of payment is defined as a systematic record of all economic Read more [...]

What is UCPDC 600?

Posted on November 20, 2014
 What is UCPDC 600? UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide.  UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) Commission on Banking Technique and Practice. Its full name is 2007 Revision of Uniform Customs and Practice for Documentary Credits, UCP 600, and (ICC Publication No. 600). The ICC Commission on Banking Technique and Practice approved UCP 600 on 25 October 2006.  The rules have been effective since 1 July Read more [...]

Short Question UCPDC 600

Posted on November 20, 2014
Short Question UCPDC 600   Question:01 What is UCPDC ? Ans:Uniform Customs and Practice for Documentary Credits   Question:02 How many Articles in UCPDC 600 ? Ans: 39 Articles   Question:03 What is the title of  Article 01  UCPDC 600 ? Ans:Application of UCP   Question:04 What is the title of  Article 02  UCPDC 600 ? Ans: Definitions   Question:05 What is the title of  Article 03  UCPDC 600 ? Ans:Interpretitions   Question:06 What Read more [...]

Bank list of India

Posted on November 15, 2014
Bank list of India Commercial Banks     Abu Dhabi Commercial Bank Ltd.     American Express Bank Ltd.     Arab Bangladesh Bank Limited     Allahabad Bank     Andhra Bank     Axis Bank     Antwerp Diamond Bank N.V.     Bank Internasional Indonesia     Bank of America N.A.     Bank of Bahrain & Kuwait BSC     Barclays Bank Plc     BNP PARIBAS     Bank of Ceylon     Bank of Baroda     Bank of India     Bank of Maharashtra    Read more [...]

Bank Jobs in TMB India

Posted on November 15, 2014
Bank Jobs in TMB India Bank Jobs in Tamilnad Mercantile Bank,India Applications for recruitment to the post of : Statistician-Senior Manager at TMB Short description of Organization : Tamilnad Mercantile Bank has invited applications for recruitment to the post of Statistician-Assistant Manager. The candidates eligible for the post can apply through prescribed format before 22 November 2014. Number of Post: Statistician-Senior Manager at TMB-01 Post Pay Scale: Rs. 6,24,355/-p.a. Read more [...]

Repco Bank Jobs in India

Posted on November 15, 2014
Repco Bank Jobs in India Applications for recruitment to the post of : Probationary Officer & Junior Assistant/Clerk. Short description of Organization : Repco Bank, Government of India invited application for recruitment of 115 Posts of Probationary Officer & Junior Assistant/Clerk. The candidates eligible for the post can apply through prescribed format before 27 November 2014. Number of Post: Probationary Officer: 15 Posts Junior Assistant/Clerk: 100 Posts The candidates Read more [...]

Bank Jobs in India

Posted on November 15, 2014
Bank Jobs in India   Name of the Bank: Saraswat Co-Op Bank Limited Applications for recruitment to the post of : Law Officers for Mumbai, Pune, Nasik, Kolhapur, Ahmedabad, Bengaluru, Goa and Delhi. The candidates eligible for the post can apply through prescribed format with in 15 days from the date of publication of advertisement. Short description of Organization : Saraswat Bank is an urban co-operative banking institution based in Maharashtra, India and operating as a co-operative Read more [...]

Risks in International Business

Posted on November 9, 2014
Risks in International Business Just as there are reasons to get into global markets, and benefits from global markets, there are also risks involved in locating companies in certain countries. Some of the risks in international business are: (1) Strategic Risk (2) Operational Risk (3) Political Risk (4) Country Risk (5) Technological Risk (6) Environmental Risk (7) Economic Risk (8) Financial Risk (9) Terrorism Risk Strategic Risk: The ability of a firm to make a strategic decision Read more [...]

Analysis of Investment Documentation: Shariah Perspective

Posted on October 30, 2014
Analysis of Investment Documentation: Shariah Perspective 1.00    Charge Documents: The following charge documents and mortgage documents are usually obtained from the investment clients by the Islamic Banks in Bangladesh. 1.01    Single Party D.P. Note 1.02    Double Party D.P. Note, if there is a Guarantor, to be made by the Client in favour of the Guarantor and endorsed by the latter in favour of the Bank. 1.03    Joint and Several D.P. Note signed by all the Directors in Read more [...]

Hire Purchase Musharaka Mutanaqasa (HPMM)

Posted on October 30, 2014
Hire Purchase Musharaka Mutanaqasa (HPMM)   Hire Purchase Musharaka Mutanaqasa (HPMM) Introduction, Theory and Application Mode of Investment in Islamic Banking Markup Based Bai Muazzal Bai Murabaha Bai Salam Bai Istisna Rental Based Izara Hire Purchase/Izara Bill Baia Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Shirkatul Melk (HPSM) Sharing Based Mudaraba Musharaka Rental Based Finance Ijara Bil Baia/ Hire Purchase Ijara Muntahia Bittamlik Hire Read more [...]