Economics

Economics has been recognized as a special area of study for over a century. Economics and economists are words that almost everyone has heard of and used. But, what exactly is economics? Very few people can give a good definition or…

Deflation: In my previous post I have discussed a few lines about inflation., under certain economic situations, a phenomenon which is completely opposite to inflation takes place , and is known as “deflation.” check out complete…

Primary Functions of Money: The main functions performed by money are called primary or original function. Since the entire financial structure revolves around banks and financial institutions it becomes significant to deliberate upon…

Contingent Functions of Money: Money is an important and indispensable element of modern civilization. In ordinary usage, what we use to pay for things is called money. To a layman, thus, in India, the rupee is the money, in England the…

Commercial Bank: A commercial bank is a financial institution authorized to provide a variety of financial services, including consumer and business loans, savings accounts etc. Earlier commercial banks were limited to accepting deposits…

Functions of Money: With the advent of banking sector and emerging financial markets in the economy, one requires a precise understanding concerning money; what exactly would term money imply; any object (not necessarily rupee) that…

Principles of Commercial Banks: A central bank is an apex institution of a country’s monetary and financial system. Since the monetary system (which includes commercial banks) is a dominant part of the financial system of a country;…

Functions of Bank: In bank jobs interviews normally questions are asked about various functions of banks. So today I am listing down all the important functions of a bank.The functions of a bank can be summarised as follows : …

Secondary Functions of Money: The relatively less important functions of money are called secondary function. Since, this function originates from primary functions. These functions are also called derived functions. The secondary…

What is Inflation? - Inflation means, a rise in general level of prices of goods and services in an economy over a period of time. In other words, prices of many goods and services such as housing, apparel, food, transportation, and fuel…

India's GDP vs. China's GDP: At present, the GDP of China is about six-fold the GDP of India. While the GDP of India is about 4.19% of the total world, the GDP of China represents about 19.74% of the global economy (Trading Economics,…