economic crisis to its status of third largest economy in the world by 2011‚ India has grown significantly in terms of economic development. So has its banking sector. During this period‚ recognizing the evolving needs of the sector‚ the Finance Ministry of Government of India (GOI) set up various committees with the task of analyzing India’s banking sector and recommending legislation and regulations to make it more effective‚ competitive and efficient.[1] Two such expert Committees were set up under
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Super Computer The fastest type of computer. Supercomputers are very expensive and are employed for specialized applications that require immense amounts of mathematical calculations. For example‚ weather forecasting requires a supercomputer. Other uses of supercomputers include animated graphics‚ fluid dynamic calculations‚ nuclear energy research‚ and petroleum exploration. The chief difference between a supercomputer and a mainframe is that a supercomputer channels all its power into executing a
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ORIGIN OF BANKING Banks are among the main participants of the financial system in India. Banking offers several facilities and opportunities. Banks in India were started on the British pattern in the beginning of the 19th century. The first half of the 19th century‚ The East India Company established 3 banks The Bank of Bengal‚ The Bank of Bombay and The Bank of Madras. These three banks were known as Presidency Banks. In 1920 these three banks were amalgamated and The Imperial Bank of India
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Computers and culture | Computers and their role in human life have changed drastically since the 1950s. If 60 years ago computers did not play an important role in society‚ these day computers play a significant role in our lives. Initially‚ computers were big and awkward machines that were used just for keeping information and calculations. Throughout the last 50 years computers have become much smaller and much more sophisticated. If first computers were so large that they
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Chapter5 4. Explain why you would be more or less willing to buy long-term AT&T bonds under the following circumstances: a. Trading in these bonds increases‚ making them easier to sell. More‚ because if it is easier to sell bond this means that liquidity of bonds increase. b. You expect a bear market in stocks(stock prices are expected to decline) More because these bonds’s expected return will increase compared to stocks. c. Brokerage commission on stocks fall Less because the
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1. A bond with face value $1000 has a coupon rate of 8% and the market rate of 10%. What is the bond’s price? 2. A 6-year ABC bond (face value of $1000) pays interest of $80 annually and sells for $950. What are its coupon rate‚ and yield to maturity? If ABC wants to issue a new 6-year bond at the same face value and price‚ what will the new coupon rate be? 3. A 30-year Treasury bond is issued with face value of $1000‚ paying interest of $60 per year. If market yields increase shortly after
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TITLE PAGE STREET BEGINNING AS A SOCIAL PROBLEM IN HAUSA SOCIETIES. (A CASE STUDY OF IGABI LOCAL GOVERNMENT) BY ABDULLAHI AHMED H/PAM/11/07756 BEING A PROJECT SUBMITTED TO THE DEPARTMENT OF PUBLIC ADMINISTRATION SCHOOL OF MANAGEMENT STUDIES‚ NUHU BAMALLI POLYTECHNIC ZARIA. IN PARTIAL FULFILMENT OF THE AWARD OF HIGHER NATIONAL DIPLOMA IN PUBLIC ADMINISTRATION OCTOBER 2013 APPROVAL PAGE This project titled “Street beggars” as a social problem in Hausa societies”
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1. If velocity of money is constant; real growth in the output of the economy is between -1.5% and +2.5%; and inflation is between -1% and 2.0%; what is the growth rate of money? Velocity of Money: the rate at which money changes hand. As we know‚ velocity of money is equal to the price multiplied by output divided by money supply. Mathematically‚ If velocity of money is constant‚ then‚ M (P Y) Thus‚ in terms of growth rate
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History of Computer Introduction Man’s progress is measured by sophistication of his tools. First‚ he discovered how to control fire. Eventually‚ he invented the wheel. He built boats and earned to harness the wind. As soon as commerce developed in the early societies‚ people recognized the need to calculate and keep track of information. They soon devised simple computing devices and bookkeeping systems to enable them to add‚ subtract‚ and simple record transactions. Today‚ we are witnessing
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21ST CENTURY BANKING ANNOTATED BIBLIOGRAPHY PATRICK MCGHEE 7/25/2012 FIN364 MONEY AND BANKING DEVRY UNIVERSITY My course project for Money and Banking will revolve around the current banking structure. This research paper will look back on past banking structures and compare it to the current banking industry. Our textbook‚ Financial Institutions‚ Markets‚ and Money will serve as one of many sources in addition to the references below. This paper will also delve into past and present bank
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