Economics

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,…

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,…

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…

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…

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…

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…

Deflation - Meaning, Reasons of Deflation, Measures to control deflation. In my previous post I have discussed a few lines about inflation., under certain economic situations, a phenomenon which is…

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…

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…

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…

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…