tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its
Premium
Analysing the economic relationship between households and firms The household is the basic unit of analysis in many social‚ microeconomic and government models. The term refers to all individuals who live in the same dwelling. In economics‚ a household is a person or a group of people living in the same residence. Household are owners of the factors of production which is includes land‚ labor‚ capital and entrepreneurship. Which are made available to firm that will pay factor incomes to the households
Free Unemployment Economics Income tax
Unit 2- International economic Environment Economic Structures Developed Countries Developed countries are also called advanced countries‚ industrialized countries‚ more developed countries (MDC)‚ more economically developed countries (MEDC)‚ Global North countries‚ first world countries and post-industrial countries. While there is no official guideline for which country may be considered developed‚ different institutions have created different categories. The IMF identifies 32 advanced economies
Premium Human Development Index Developing country Developed country
The Economics of Business and Management Assignment No. 3 & 4 Q1 Draw and label the circular flow model and use it to answer the following: [pic] The circular flow can be explained very easily with a simple formula. GDP (gross domestic product) = C + I + G + X – Z= = C + S +T – B In here C is the consumption‚ I is investments‚ G – government spending‚ S – savings. On the other hand X is export‚ Z is imports T is for taxes and B is the benefits. The circulars flow shows the
Premium Inflation Monetary policy Macroeconomics
Aim The purpose of this experiment was to plan‚ design‚ fabricate and test the structure of a microfluidic flow structure. Background Microfluidic structures are a relatively new topic of study. While the concept of fluids and the study of the flow of fluids through all sorts of various forms of ducts‚ environments and scenarios have been extensively studied by some of the greatest minds of in history‚ the novelty of microfluidics is not surprising. This is due to the fact that despite the fact
Premium Fluid dynamics Viscosity Fluid mechanics
Neighbour Principle: You must take reasonable care to avoid acts or omissions which you can reasonably foresee would be likely to injure your neighbour- Who‚ then‚ in law‚ is my neighbour? The answer seems to be - persons who are so closely and directly affected by my act that I ought reasonably to have them in contemplation as being so affected when I am directing my mind to the acts or omissions that are called in question Donoghue v Stevenson Neighbour Principle: You must take reasonable
Premium Duty of care Tort Tort law
Chapter 15 Accounting in a Global Market QUESTIONS 1. Foreign currency exchange rates are used to express transactions in local currency in terms of U.S. dollars and vice versa. For example‚ if the exchange rate is $1 = 1.65 DM (Deutsche mark)‚ and if one wishes to change 100 U.S. dollars into Deutsche marks‚ one will receive $100 ( 1.65 = 165 DM‚ and if one wishes to change 100 DM to U.S. dollars‚ one will receive 100 DM/1.65 = $60.61. 2. A foreign currency transaction occurs when a transaction
Premium Balance sheet Generally Accepted Accounting Principles Asset
The Economic Structure of OPEC For: Professor John Zink BUS 610-0703B Economics for the Global Manager By: Maria A. Journiette August 31‚ 2007 Many companies operate under a monopoly which gives them an edge or a corner on the market. In this discussion we will focus on the differences between a monopoly‚ oligopoly‚ and a cartel. We will also look at what game theory is and its affect on monopolies and cartels and the welfare affect of each of the above mentioned. A monopoly is defined
Premium Petroleum Cartel Monopoly
|Business Economics and the Distribution of Income | By the end of these course notes students are expected to have covered the following from the specification: • The range of market structures • How costs and revenues vary in different market structures • Changes in costs and revenues in different market structures The range of market structures |Type
Premium Economics Microeconomics Supply and demand
Circular Flow of Economic Activity The circular flow of economic activity is a model showing the basic economic relationships within a marketeconomy. It illustrates the balance between injections and leakages in our economy. Half of the model includes injections‚ and half of the model includes leakages. The circular flow model shows where money goes and what it’s exchanged for. The model includes households‚ businesses and governments. We also have the banking system that facilitates the exchange
Free Economics Investment