What is a Database? • A database is any collection of related data. • A database is a persistent, logically coherent collection of inherently meaningful data, relevant to some aspects of the real world.

Managerial economics is a discipline which deals with the application of economic theory to business management. It deals with the use of economic concepts and principles of business decision making. Formerly it was known as “Business Economics” but the term has now…

Cardinal Economic Indicators In India, we say that, our banking system is one of the robust and rugged systems. Do we have to believe that or not that’s later part of discourse? But before that, we need to comprehend some economic vitals to gain an insight…

NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to sup…

Primary Reserves Primary reserves consist of cash on hand in the bank and deposits owed to it by other banks. These are also called the legal reserves. From this cash on hand tellers are able to meet customer demands for withdrawals, exchanges, and loan…

Directions (1-5): Study the following information carefully and answer the questions given below: J,K,L,M,S,T,U and V are eight employees of an organization and they will attend a meeting in the four months (March, June, October & November). The m…

The Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution …

Theory X and Theory Y are theories of human motivation created and developed by Douglas McGregor at the MIT Sloan School of Management in the 1960s. He avoided descriptive labels and simply called the Theory X and Theory Y. He did not imply that workers w…

1. Corporation Bank Headquarter-  Mangalore 2. BSDBA limit -  Rs. 10000 3. Khaliko Pul was CM of-  Arunachal Pradesh 4. NATO Summit 2017-  Belgium (Brussels) 5. One Question asked from  Payment Bank 6. One Question asked from  MIPS

Objectives The main objectives of IDBI is to serve as the apex institution for term finance for industry in India. Its objectives include: Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI , ICICI, UTI,…

As a central bank, the Reserve Bank has significant powers and duties to perform. For smooth and speedy progress of the Indian Financial System, it has to perform some important tasks. Among others it includes maintaining monetary and financial stability, to…

The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 …

What is an IPO? In financial terms, IPO or initial public offering is the first issuance of a company's shares to the general public. It is called as primary market. These shares are allowed to be transacted in the stock market where they can be bought and …

Types Of Mutual Funds

In banking exams Puzzle questions can be asked in itself or Data Sufficiency. Usually 10-12 questions can be asked from this topic, thus it can fetch you easy marks with right practice.

There are various types of derivatives traded on exchanges across the world. They range from the very simple to the most complex products. The following are the three basic forms of derivatives, which are the building blocks for many complex derivatives inst…

The term “derivatives” is used to refer to financial instruments which derive their value from some underlying assets. The underlying assets could be equities (shares), debt (bonds, T-bills, and notes), currencies, and even indices of these various assets, such…

Responsibility accounting Responsibility accounting involves a company’s internal accounting and budgeting. The objective is to assist in the planning and control of a company’s responsibility centers—such as decentralized departments and divisions. Re…

The amount charged when one division sells goods or services to another division is called transfer price.   The basic purpose of transfer pricing is to induce optimal decision making in a decentralized organization (i.e., in most cases, to maximize the p…

IMF is UNO recognized international monetary fund or reserve which helps its members. It established in 1946 after bretton wood meeting. It has 185 members across the all nations but soviet Russia and its member are not linked with IMF.

Bond immunization is an investment strategy used to minimize the interest rate risk of bond investments by adjusting the portfolio duration to match the investor's investment time horizon. It does this by locking in a fixed rate of return…

An efficient market is one in which securities prices reflect all available information. This means that every security traded in the market is correctly valued given the available information. There are a number of different definitions of what constitutes a…

What is Money Market?

Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices o…

circular flow of money The important concepts of national income are: 1. Gross Domestic Product (GDP) 2. Gross National Product (GNP) 3. Net National Product (NNP) at Ma…

Job analysis is a systematic approach to defining the job role, description, requirements, responsibilities, evaluation, etc. It helps in finding out required level of education, skills, knowledge, training, etc for the job position.   Importance of Job Analysis…

We all need to consider the environmental factors when wanting to implement anything.We all require a contingency approach to be more effective in the present world. The same holds true for organizations. The purpose of this topic is to unravel the mystery surroun…

Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers. Human Re…

Economic theory offers a variety of concepts and analytical tools which can be of considerable assistance to the managers in his decision making practice. These tools are helpful for managers in solving their business related problems. These tools are taken as gui…

Business decision making is essentially a process of selecting the best out of alternative opportunities open to the firm. The steps below put managers analytical ability to test and determine the appropriateness and validity of decisions in the modern busine…

A mutual fund is a professionally managed type of collective investment scheme that pools money from any investors and invests it in stocks, bonds, short-term money market instruments and other securities. Mutual funds have a fund manager who invests the mon…

IDBI stands for Industrial Development Bank of India. It was founded with the objective of financing and help develop small and medium scale industries in India. IDBI was set up in July 1964 under an Act of Parliament as a wholly-owned subsidiary o…

Meaning of Human Resource Management Human Resource Management is a management function concerned with hiring, motivating, and maintaining workforce in an organisation. Human resource management deals with issues related to employees such as hiring, tr…

Islamic banking   (or   participant banking ) is   banking   or banking activity that is consistent with the principles of   sharia law   and its practical application through the development of   Islamic economics . Sharia prohibits the fixed or floatin…

One of the biggest taxation reforms in India -- the Goods and Service Tax (GST) -- is all set to integrate State economies and boost overall growth.

The New Direct Tax Code (DTC) of India is expected to substitute the Income Tax Act of 1961 that is presently in operation. The bill had been presented at the Parliament on August 30th, 2010. According to experts, the new code has lesser benefits comp…

The business environment or the external forces acting on the business consists of a large number of forces. These are.      1.      Demographic      2.      Economic      3.      Geographical      4.      Ecological      5.      Social and C…

Every business enterprise is an integral part of the society. It uses the scarce resources of the society to continue and grow. Hence, it is important that no activity of business is injurious to the long run interests …

Meaning Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location,…

The nature of the process of production required by these three different types of production system are distinct and require different conditions for their working. Selection of manufacturing process is also a strategic decision as changes in the same …

The main aim of EU was to establish economic Integration but due to some reasons it had led Global Economic Crisis. Eurozone Debt crisis has resulted from a combination of complex factor.The reason for Euro zone crisis are discussed as follows:

Objective of European Union    1:Elimination of custom duties among member states.   2:Elimination of obstacles to the free flow of import and export of goods and    services among member nations    3:Free movement of capital and people within the bloc…

All about Probability Probability Probability theory deals in random events. The central objects of probability theory are random variables, and events. Event is generally defined as outcome of an experiment. Events can be classified as deterministic or p…

European Union is a umbrella organisation including the European countries that have European eliminated economic, trade and immigration between the member countries of the union. The European union is a unique economic and political partnership bet…

Product design is a strategic decision as the image and profit earning capacity of a small firm depends largely on product design. Once the product to be produced is decided by the entrepreneur the next step is to prepare its design. Product d…