Posted inEconomics
Elasticity of Demand
Whenever a policy maker wishes to examine the sensitivity of change in quantity demanded due…
Posted inEconomics
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on…
Posted inEconomics
Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial assistance as well…
Posted inEconomics
State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment of IFCI. v SFCs…
Posted inEconomics
CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the…
Posted inEconomics
Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create credit i.e. can…
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Exceptions to the law of demand
Conspicuous goods: These are certain goods which are purchases to project the status and prestige of…
Posted inEconomics
Essentials of a Sound Banking System
A sound banking system promotes all round economic development of an economy. A good bank…
Posted inEconomics
Functions of a Commercial Bank
• Modern commercial banks perform a variety of functions and provide a number of services…