Commerce Blogs
Commerce includes all the activities right from manufacturing the products to selling it to the consumers.
Prime Minister The head of the Executive is the Prime Minister of the Country, the energy …
It accepts demand deposits under current deposits, and savings bank deposits from individuals, small businesses and other entities. It issues ATM / Debit Cards. Payments banks, however, cannot issue credit cards. It makes payments and remittance services through various channels including branches, Automated Teller Machines (ATMs), Business Correspondents (BCs) and mobile banking. It also provides internet banking services to the users. It accepts remittances to be sent to or receive remittances from multiple banks under a payment mechanism approved by RBI, such as RTGS / NEFT / IMPS. It undertakes other non-risk sharing simple financial services activities, not requiring any commitment of its own funds, such as distribution of mutual fund units, insurance products, pension products, etc. with the prior approval of the RBI and after complying with the requirements of the sectoral regulator for such products.
Account Reconciliation is an accounting process used to ensure that transactions in a company's financial records .
NEFT stands for National Electronic Fund Transfer is a centralised payment system of India.
The price of elasticity demand is defined as the change in the quantity demanded to the change in the price of the commodity
There are 7 types of Leaderships styles which one can follow.
A trade cycle refers to fluctuations in economic activities especially in employment, output and income, prices, profits etc.
How Investopedia defines it is as ” The primary market refers to the market where securities …
Law of supply states that all factors being constant, seller supply more in the rising price and supply less when the price decreases.
the cross elasticity of demand is the percentage change in the quantity demanded of commodity X to the percentage change in the price of its substitute/complement Y
Demand refers to desire of a consumer to purchase goods and services and ability to pay a price for the goods and services purchased.
The primary market is rooted in a specific location . Conversely, the secondary market physically exists.