Category: Finance

The main functions of primary market are described below: 1. Organisation of New Issues: The organisation of new issues requires investigation of viability and prospects of new projects. An important element of the organisation of new shares is the knowledge about adequacy and structure of financial arrangements.The structure of financial arrangements involves requirements and availability of promoter’s equity, equity from public, debt-equity ratio short term funds, liquidity ratio, and foreign exchange requirement. All this requires a careful study of the new issue by competent and well trained staff. Image Source: wallworkshop.com 2. Underwriting of New Issues: ADVERTISEMENTS: Another step involved in floating a new issue is its underwriting. The term underwriting means guaranteeing purchase of a specified amount of new issue at a fixed price. The purchase may be for…

Important points that a Partnership Deed should cover are given below:The document in which the respective rights and obligations of the members of a partnership are set forth is called a ‘partnership deed’. It should be drafted with care and be signed by all the partners. It must be stamped in accordance with the Indian Stamp Act. Each partner should have a copy of the Deed. The firm should be registered and copy of the Deed should be filed at the time of registration with the Registrar of Firms because in the absence of such registration partners cannot enforce the conditions laid down in the Deed through a court of law. Image Source:s3.amasonaws.com ADVERTISEMENTS: The Deed should cover the following points:(i) The name of the firm and the names and…

(a) “Money is what money does” – who said? (i) Crowther(ii) Robertson ADVERTISEMENTS: (iii) Walker(iv) Marshall Image Source: adegboyegailori.com(b) Direct exchange of goods against goods is called: ADVERTISEMENTS: (i) Charter(ii) Money(iii) Barter(iv) None of these ADVERTISEMENTS: (c) What possess general acceptability? (i) Bank draft(ii) Money(iii) Bill of exchange(iv) None of these (d) Which type of deposits gives highest rate of interest? (i) Current deposit(ii) Fixed deposit(iii) Recurring deposit(iv) None of these(e) Which bank deals with short-term credit? (i) Agricultural bank(ii) Commercial bank(iii) Industrial bank(iv) None of these(f) Which of the following is not the function of the commercial bank? (i) Issue of paper notes.(ii) Acceptance of deposits(iii) Advancing loans(iv) Credit control(g) Which of the following is not near money? (i) Paper notes(ii) Treasury bill(iii) Bond(iv) Bill of exchange(h) Which bank…

The functions of the legislature are not identical in every They fully depend upon the form of government. If the is unlimited monarchy, as it was in the Czarist Russia, the legislature is merely a consultative body subordinate to the executive for all practical purpose. Under a bureaucratic type, as it existed in the Provinces of India before 1937, and persisted at the Centre till India became independent in August, 1947, the legislature is completely subservient to the executive. ADVERTISEMENTS: A dictator, like Halter and Mussolini, pays little attention to the existence of a legislature. Both Halter and suppressed the powers of the legislatures. But in a democracy, the legislature occupies an important place. Although as the name implies, the primary function of the legislature is law-making, most of the…

There is a plethora of studies on the extent of poverty in India. Ojha estimated that 190 million people constituting 44 per cent of total population lived below the poverty line in 1960-61.Out of 190 million, 184 million lived in rural areas as against 6 million in urban areas. Dundekar and Rath estimated that 40 per cent of the rural population and 50 per cent of urban population lived below the poverty line in 1960-61.Estimates of poverty by Dandekar and Rath were based on entire diet stand in a sharp contrast to Ojha’s estimates which are based on the food grains component (cereals and pulses) of the diet only. Minhas estimates that the proportion of poor declined from 65 per cent in 1956-57 to $6.6 per cent in 1967-68. Image…

Free sample essay on Terrorism in India (Free to read). Terrorism is global. In recent decades, it has acquired new dimensions and there seems no end to it.The way it has grown and spread beyond limits during the last few years, is a matter of great concern for all of us. Though it has been condemned and denounced by leaders in international forums, it is increasing by leaps and bounds and is in evidence everywhere. The trigger-happy terrorists and extremists use all sorts of weapons and strategies to terrorize their adversaries. They explode bombs, use rifles, hand-grenades, rockets, ransack houses, loot banks and establishments, destroy religious places, kidnap people, highjack buses and planes, indulge in arson and rape and do not spare even children.Consequently, the world is becoming a totally…

Local government means the operations of corporations, municipalities, district boards, panchayats in India and other bodies which are entrusted with the execution of functions relating to and concerning the residents of a given area or locality.These functions do not concern the community as a whole, but embrace only a portion of the total population and territorial area of the State. The essence of all such functions is that they are purely local in character and need local solution in deference to the requirements of the people inhabiting that locality.The extent of the territory covered and the number of persons ruled over do not make any difference in the nature of local government. The Corporation of Calcutta or Mumbai (formerly Bombay) exercises its authority over a vastly greater number of people…

Free sample essay on Self-employment. Self-employment has acquired much significance these days as employment opportunities for youths are less nowadays. Even highly qualified youths do not get the jobs they deserve.This is because the number of educated youths is increasing year by year, but the job opportunities remain more or less the same or they may be a little more than in the last year. The craze for degrees in the Engineering science and Medicine is increasing and it is not possible for the Government and the private institutions to give jobs to the ever-increasing number of engineering and medical graduates and graduates and postgraduates in other subjects. In this situation those who have good educational qualification should think of self-employment.Banks give loans to the educated youths to start businesses.…

Some business organisations make recruitments from among the persons working in the organisation. As the vacancies of salesmen are filled through recruitments from within the organisation, it is termed as internal source of recruitment.Talented and qualified persons working in various departments of the organisation are considered while filling up the vacancies that arise from time to time. The major internal sources are: ADVERTISEMENTS: 1. Promotions: Most often, firms employ sales personnel within the organisation by promoting certain employees from lower to higher post. In fact, most organisations follow this policy of selection through which honesty and sincerity of the employees ‘get recognition. Such employees feel elevated and are automatically induced to work harder in future. Image Source: binarybook.com2. Transfers: Employees of the other departments such as finance, advertisement, production, warehousing…

In Bengal :The revolutionary terrorists began to reorganize themselves in Bengal after 1922 and developed their underground activities. They used press for large-scale terrorist propaganda during the period. ADVERTISEMENTS: At the same time they continued to work in the Congress organization from the village to the provincial levels.This was because they understood that by working inside the Congress they would get access to the masses in general and the youth in particular. Image Source: office.incometaxindia.gov.inIn many ways, C.R. Das acted as an emotional link between the revolutionaries and the Congress.However, after the death of C. R. Das, the Bengal Congress divided into two factions : one led by J. M. Sen Gupta (Anushilan group joined forces with him) and the other led by Subhas Chandra Bose (Yugantar group). ADVERTISEMENTS: The…