Money and Banking

Banking - Commercial banks

Introduction Banking Regulation Act of 1949, states that “A banking company is one that transacts the business of banking, which means accepting for the purpose of lending or investment, of deposits from the public, repayable on demand or otherwise and withdrawable by cheque, draft or otherwise. ....Read More

Central Bank & Credit Control

Introduction Central bank is an institution responsible for overseeing monetary system for a country. It supervises, controls and regulates the activities of other commercial banks. In India, Reserve bank of India (RBI) plays the role of central bank. There is a distinction between central bank an ....Read More

Credit Creation

Introduction The word ‘credit’ has been derived from the Latin word “Credo”. The word Credo means ‘I believe’. Thus, it means trust or faith which allows one party to provide money or resources at certain conditions to another party and the second party will pay back money in future. Cr ....Read More

Effects, Trends and Control of Inflation

Government often introduces policies to curb the effects of inflation in the economy. It is because during inflation, the prices of all the goods increase and the purchasing power of money decreases. The effects of inflation can be explained on three fronts. They are effect on production, effect on ....Read More

Evolution of Money and its Functions

Introduction In our day to day life money is imperative. Money can be defined as an anything which acts as an intermediate in the exchange process. The concept of money has been defined in two terms narrow definition of money and broad definition of money. Money has solved the problem of double coi ....Read More

Inflation-Types and Causes

Introduction People are always curious to know about the rate of inflation. A slightest rise in the rate of inflation creates havoc amongst the people, especially amongst the poor people. It is because Inflation is a sustained increase in the aggregate price level. During inflation the value of mon ....Read More

Nationalisation Vs. Privatisation of Banks

Introduction Nationalised bank refers to government undertaking bank. Nationalisation of banks in India took place in 1969 and 14 commercial banks were nationalised at that time. The main objectives of Nationalisation of Banks are: To mobilise savings and channelise them for productive purposes. ....Read More

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