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Objectives of business
...such as promoting social justice, increasing valued added goods for exports, finding out better and cheaper substitutes for imports and helping in increasing exports for building the foreign exchange reserves to meet the import bills.... 
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Mutual duties rights and liabilities of partners in the absence of partnership agreement
...The duties, rights and liabilities of partners in the conduct and management of the affairs of the partnership are contained in its partnership deed. However, if on any point, the deed is silent, then the relevant rule of the Partnership Act, 1932, will apply. In the absence of a written partnership agreement, the mutual rights and duties of partners shall be governed by the Partnership Act which .... 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
Sources of bank funds
... bank. The main sources which supply funds to a bank are as follows:A Bank’s Own Funds.B Borrowed Funds.1. Bank’s own funds. Bank’s own funds are mainly of three types; (a) Paid up capital, (b) Reserve fund and (C) Portion of undistributed profit.(A) Banks Own Funds.Bank’s own paid up capital. The amount with which a banking company is registered is called nominal or authorized capital. It.... Read
Federal reserve board boots finally fell
...Federal Reserve Board boots finally fell, which makes him nervous stock market rebound to be stabilised. United States time to 3 November, the Fed decided to introduce a second quantitative easing monetary policy, by the end of June next year, the Fed will direct from market to buy 6000 million bond to inject liquidity to the market. This figure, and prior to that market expectations generally con.... Read
Remedies of inflation
... control inflation are grouped under two heads (a) Quantitative controls (b) Qualitative controls. They are (1) Open market operations (ii) Variation in bank rates (iii) Credit rationing (iv) Varying reserve requirements (v) Varying margin requirements (vi) Consumer credit regulations (Please refer to Chapter on Central Banking).(2) Fiscal PolicyFiscal policy is the deliberate change in either gov.... Read
The phases of business cycle
... government also tries to break the spell of depression by starting construction or expanding some public works with a view to give more employment. The commercial, banks which have accumulated large reserve offer credit on favorable terms. The marginal efficiency of capital begins to rise and investment opportunities brighten up. The consumers start buying commodities to avoid the rise. Due to in.... Read
Functions of state bank of pakistan
...rief.1. State Bank as a Bank of Issue. The State Bank has the sole right to issue notes except one rupee note and subsidiary coins which are issued by the Government The Bank adopted the Proportional reserve System for the issue of notes up to December, 19. The level of currency backing y gold bullion, foreign securities is now fixed at Rs 1200 million through an Ordinance in December 1965 This sy.... Read
Methods of note issue
... the principles have evolved various systems or methods of notes issue. The main systems of note issue prevalent in different countries of the world are (1) Partial Fiduciary System. (2) Proportional Reserve System. (3) Minimum Reserve System. These systems are now discussed in brief.(1) Fixed Fiduciary System. Under this system, a fixed amount is laid down by law which need to be covered by gover.... Read
Reconstitution of partnership or admission and withdrawal of partners in a firm
...(1) Admission of a New Partner According to the Partnership Act, no new partner can be taken in a firm without the consent of all the existing partners. The new partner when admitted is called ‘incoming partner’. An incoming partner is not liable for any act of the firm done before he became a partner.2. According to Section 31 of the Partnership Act, subject to contract between the partners a.... Read
Problems before establishing a new business
...By establishing a business means to start a new business. Before the industrial revolution, the goods were generally produced for local markets, If was, therefore, easy to establish and operate the business. The conditions are flow entirely changed. The goods are produced by machines. The rate of production has gone up. There is stiff competition for the sale of goods in the market. Goods are prod.... Read
Importance of letter of credit
...Why Banks Handle Letters of CreditThe banks charge nominal commission on financing the import and export shipment, whereas the handling costs of the shipping documents is normally greater than the amount received as commission for issuing or discounting the letters of credit. The banks also undertake considerable risks in accepting the shipping documents. Benefits to the banker.(1) Increased Balan.... Read
Role of commercial banks in the economic development of pakistan
...Banks play an important role in the economic development of a country. It the banking system is unorganized and inefficient, it creates maladjustments and impediments in the process of development. In Pakistan, the banking system is very well organized. The State Bank of Pakistan established on July 1, 1948 stands at the apex and is responsible for the operation of the banking system in Pakistan. .... Read
Kinds of banks
... order to promote efficiency, stability and growth in the country. In Pakistan State Bank of Pakistan, is the country’s central bank. (In England it in Bank of England, in America it is the Federal Reserve System).(2) Commercial Banks. Commercial Banks are those banks which are engaged in performing the routine duties of banking business. They collect surplus money from the people. They make loa.... Read
Functions of credit
...(1) Economy in the Use of Metal. Credit instruments are used as media of exchange in place of metallic coins. There is thus a saving of precious metals. Moreover, the use of credit instruments in all business transactions is more effective and convenient than any other form of money.(2) Provision of Working Capital. If an industrialist is short of spending power when the production is going on, he.... Read
Apsrtc launched online booking facilities
...the boat ride from Pattiseema, an adult has to pay Rs. 400, which is inclusive of the lunch provided aboard. For children, it is Rs. 200 per head. This is to enable APSRTC passengers from Chennai to reserve tickets 30 days in advance for its services to Hyderabad, Vijayawada, Tirumala, Tirupati, Vishakapatnam, Bangalore, Puttaparthy, Srisailam, Annavaram and Nellore. APSRTC executive director U. .... Read
Amrapali dream valley high rise 9717155600 dream valley noida extension
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About Amrapali Group: Amrapali group with a pan India presence with near about 40 projects in 20 different cities is fulfilling the high octane luxurious standard of modern living. Amrapali group under the leadership of their CMD Mr. Anil Sharma is progressing very fast in providing affordable as well as premium housing in NCR. Amrapali Group’s CMD vision is to provide good construction with a.... Read
Modaraba
...In an Islamic system, there is no place for the capital to be given on interest. Capital is to be combined with skill and both are to work on profit and loss sharing basis. This arrangement in Ha/al business wherein capital is combined with knowledge and skill is technically called Modaraba.Definition of Modaraba. Modaraba means a business in which the subscriber (Zarib) participates with his mone.... Read
The purpose of cloud computing service providers
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Cloud computing service providers are a fairly new breed in the IT industry. The potential advantages they can unleash for your business are huge: the potential for confusion, when you are trying to work out just what it is they actually do, and why (and hence who to go to for the provision of the kinds of services you actually want) is huge. So here are a few bits of information to help you f.... Read
Bptp spacio park serene sector 37d gurgaon
...5/- per sq.ft
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"Timely payment discount of 5% shall be allowed on all installments of BSP paid on or before due date"
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Exclusive Features:
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·        Facing vast expanse of green reserve.
·        5 minutes from Hero Honda chowk & 15 mins from IGI airport.
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·     Â.... Read
