Search hdfc bank
Sole proprietorship and its characteristics
...Introduction The individual proprietorship or sore proprietorship is the oldest form of business organization. It is as old as the civilization itself. Historically, it appears that business started first with this form of organization. It is the simplest and natural type of organization. Sole proprietorship is also called individual proprietorship, or one man business. Sole proprietorship is a fo.... 
Read
Cash in advance loan know about cash loans fast
...Quick loans which are being termed as the cash loan fast or the short term loans has gained immense importance. In case of financial crunch when you cannot get a bank loan or can no more use your credit cards, then bank on the quick loans to fix your financial necessities.
As a matter of fact the cash in advance loan stand as the instant loans and these loans are given in cash which is ideall.... Read
10 most overlooked tax deductions
...Through deductions, American wage earners have the chance to pocket more income, rather than hand over their hard-earned cash to the government. For those who keep good records, deductions can mean more money - and less for the IRS. You probably know the most common deductions, such as deductions for property taxes and charitable donations, but there are related deductions you might be overlooking.... Read
Types of cheques
...Types of chequesThe cheques are of two types. (i) Open cheques and (ii) crossed cheques.(i) Open Cheques. Open cheques are those cheques which are paid across the counter of the bank. Open cheques may be bearer or order cheques.(a) Bearer cheques. If a drawer orders the bank to pay a stated sum of money to the bearer it is called a bearer cheque. Any person who lawfully possesses a beaker cheque i.... Read
Partnership agreement deed
...What is Partnership Deed? Partnership agreement in writing is called partnership deed. Partnership deed is a document which is signed by all the partners and which contains all the matters determining and governing the mutual rights, duties and liabilities of the partners in the conduct and management of the affairs of the partnership. It may also be referred to as articles of partnership” conta.... Read
Role of commercial banks in the economic development of a country
...Commercial banks play an important and active role in the economic development of a country. If the banking system in a country is effective’, efficient and disciplined, it brings about a rapid growth in the various sectors of the economy. The economic significance of commercial banks is given in brief.(1) Banks promote capital formation. The commercial banks play an important role in rising of .... Read
Kinds of inflation
...KINDS OF INFLATIONInflation is of different types. It is generally classified on the following basis:(1) On the Basis of Rate of inflationInflation on this basis is grouped as (i) Creeping inflation (ii) Walking inflation (iii) Running inflation and (iv) Hyper inflation.(i) Creeping inflation. is a situation in which the rise in general price level is at a very slow rate over a period of time. Und.... Read
Different types of bank customers
...DIFFERENT TYPES OF BANK CUSTOMERSEvery commercial bank is anxious to increase its customers. However, every one cannot be accepted as its customer. Only those persons who are competent in law to enter into a contract can be considered as customers. The bank is and should be very cautious in the selection of customers as it is to have a continued relationship with them. The customers of a bank can .... Read
Sources of bank funds
...SOURCES OF BANK FUNDSA bank is a business firm. Its main aim is to earn profit. In order to achieve this objective it provides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a ban.... Read
Importance of money market
...IMPORTANCE OF MONEY MARKETIf the money market is well developed and broad based in a country, it greatly helps in the economic development of a country. The central bank can use its monetary policy effectively and can bring desired changes in the economy for the industrial and commercial progress in the country. The importance of money market is given, in brief, as under:(i) Financing Industry: A .... Read
Different types of laboratories
...
A laboratory is a facility that provides controlled conditions in which scientific research, measurement and experiments are performed. There are different types of Labs to name some Medical Laboratories, Hospital Laboratories, Public Health Laboratories, Computer Laboratories, Film Laboratories and more.
Medical Laboratories: Medical Laboratory is a lab where tests are done on clinical s.... Read
Remedies of inflation
...REMEDIES OF INFLATIONThe first panacea for a mismanagement nation is inflation of the currency. The second is war. Both bring a permanent ruin. They both are the refuge of political and economic opportunists. (Ernest Hemigway). To avoid political unrest and harmful, social and economic effects on the economy, it is the main objective of every government to take appropriate measures to control infl.... Read
Payday loans new zealand option for emergency finance
...
Payday loans New Zealand are a kind of instant cash which the lenders pay against the borrower's paycheck of the next month. It is clear from the phrase 'Payday loans New Zealand' that this kind of loans are for the citizens of New Zealand only. People of New Zealand, like their counterparts all over the world, have been affected by the global recession. This is one of the reasons for which t.... Read
Letter of credit
...Letter Of Credit (L/C) It is a letter of open request by a bank or other financial institution to a prospective borrower, for an agreed amount and for a definite or indefinite period. It enables the borrower to draw a bill of exchange on the bank which is automatically accepted. Letter of credit is an open letter of request by a bank requesting a person to. lend a certain sum of money to the perso.... Read
Govt plans low rates home loans for paramilitary personnel
...In an attempt to make home ownership easier for paramilitary personnel, the Central government is planning to launch a scheme under which home loans are made available to them at concessional rates. “The scheme will allow a soldier from a paramilitary force to avail cheaper home loans at least two years prior to his retirement,” a senior home ministry officer told Hindustan Times.
The offici.... Read
Inflation in pakistan
...One of the most important factors influencing poverty in the country is inflation. Inflation is defined as a situation where the general price level is persistently moving upward in a country. In Pakistan, the general price level is persistently rising since Partition of the Subcontinent. Prices remained volatile during the decade of 1990’s ranging from 5.7% to 13% mainly because of declining ec.... Read
The phases of business cycle
...What is business cycle?A business cycle ‘is a short term picture of the behavior of real output in a private enterprise economy Business cycle refers to upturn and downturn in the level of economic activity that extends over a period of time’. The business fluctuations occur in aggregate variable such as national income, employment and price level. The variables nearly move at the same time an.... Read
Lending institutions
...In addition to bank there are other lending institutions also that advance loans and other financial services. These lending institutions are given as under:1. Savings and Loans Associations2. Credit Unions3. Life Insurance Companies4. Commercial Finance Companies5. Factor Companies6. Sales-Finance Companies7. Consumer Finance CompaniesSavings And Loans AssociationsThese lending institutions recei.... Read
Functions of state bank of pakistan
...The functions of State Bank of Pakistan are governed by the State Bank of Pakistan Act, 1956. In order to discharge its duties efficiently and successfully some of the functions which involved public dealing have been transferred to State Bank of Pakistan Banking Services Corporation from Jan., 2, 2002. The State Bank of Pakistan will continue performing its four basic functions (i) Framing and op.... Read
Difference between bill of exchange and cheque
...DIFFERENCE BETWEEN A BILL OF EXCHANGE AND A CHEQUEAlthough a cheque is defined as a bill of exchange, yet it differs from a bill of exchange in the following respects.Cheque:(1) A cheque is always drawn on a bank.(2) A cheque is always payable on demand.(3) A cheque does not require acceptance.(4) No days of grace are allowed for payment on cheque. It is immediately payable on demand.(5) A cheque .... Read
