Objectives :-) Explain what money is Know the functions of money state the various forms of money Understand different instruments of present day banking. Explain how banks create credit. Explain the components of money supply Explain how money supply affects the economy. Know the need for regulating money supply. Explain how the Reserve Bank Of India regulates money supply. What you have learnt Money is wanted because it gives power to purchase goods and services. Money is anything that is acceptable to all as a medium of exchange, as a standard for deferred payments and as a store of value. Money can be in various forms such as notes and coins, bank cheques, demand drafts, pay orders, bill-of-exchange or electronic cash. Banks create credit by converting deposits into loans. They do this on the principle that not all the people will need all the money at the same time. They maintain some amount of deposits as reservce...
Paraphrase, Precis and Summary Writing Summaries The art of condensation Identifying the Topic sentence Identifying the key ideas Identifying the main claim and supporting details. Making interences. Note Making and note taking. Summarizing speech and conversations Summaries for research purposes Plagiarism Avoiding plagiarism
(Social Change) Concept and meaning of Social Change. Approaches to understanding social change. Factors of social change. Rate of social change. Impact of social change. Social change and the future. (The Indian Constitution) The Indian Constitution : Historical Background Constituent Assembly and drafting of the constitution. (1)Composition (2)A critique The preamble Basic features of the constitution. Amendment to the constituion Review of the constitution. (Democratic processes) Democracy : Concept & meaning (1)Historical Background (2)Various Prespectives. (3)Defining democracy. (4)State institutions and non state actors. State institutions and democractic process. (1)Structure of the government. (2)Local self governing institu...
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