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Ask QuestionPosted by Maheshwari Mansi 6 years, 2 months ago
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Rajesh Kumar 4 years, 9 months ago
Yogita Ingle 6 years, 2 months ago
| Real Time Gross Settlement System (RTGS) | National Electronic Fund Transfer (NEFT) |
| 1. RTGS is a fund transfer system where transfer of funds takes place from one bank account to another bank account in real time. | NEFT is a electronic fund transfer system, the system provides with transfer of funds to other bank accounts in various branches over the country. |
| 2. The minimum amount that can be remitted is Rs 2 lakh per transaction. There is no upper limit for RTGS transactions. | There is no minimum and maximum limit for NEFT transactions. |
Posted by Aashik Uikey 6 years, 2 months ago
- 1 answers
Yogita Ingle 6 years, 2 months ago
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Private sector |
Public sector |
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The private sector refers to all those occupations and economic activities which are owned and controlled by individuals. |
The public sector refers to all those occupations and economic activities which are owned and controlled by the government. |
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The main aim of the private sector is to earn profits. |
The main aim is not only to earn profits but also to provide key services to the people at low costs. Hence, the public sector may incur loss. |
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Demand and supply of market forces determines the production activity. |
The government takes the major decisions in the production |
Posted by Thakur Harshita Singh 6 years, 2 months ago
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Maheshwari Mansi 6 years, 2 months ago
Posted by Thakur Harshita Singh 6 years, 2 months ago
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Sia ? 6 years, 2 months ago
| Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. | Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts. |
| Pledge or hypothecation of inventory. | Assets like financial instrument and property. |
| Cash Credit Account | Current Account |
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Gaurav Seth 6 years, 2 months ago
- Rate of dividend payable on preference shares is higher than the rate of interest on debenture
- The claim of equity shareholders over assets of the company is affected by the issue of preference share capital.
- Investors willing to take risk and earn higher returns do not prefer preference shares.
- Since dividend paid is not deductible from profits as expense, there is no tax saving as in case of interest on debentures or loans.
- There is no consistent return for the investors because the dividend is payable to the preference shareholders only when the company earns profit.
Posted by Shreya Suman 6 years, 2 months ago
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Kuldeep Soni 6 years, 2 months ago
Posted by Thakur Harshita Singh 6 years, 2 months ago
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Sia ? 6 years, 2 months ago
- Personality of the managers: the managers should be very good.he should have the pleasant personality. he also should have managerial skills, intillegence, good communication etc.
- Well-defined objectives: the business should have its own objectives.so,that the activities on the organization can be easily carried out.it helps in achieving organizational goal.
- Proper planning and policy: proper planning and policy should be made so that the company can achieve its goal without any difficulty.
- Adequate finance: adequate finance is required to perform the day to day activities like buying and selling of the goods in the company.to operate the business activities adequate finance is inevitable.
- Proper location, size: the business should be started in proper location so that all the required physical features can be achieved easily. so that the organizational goal can be easily achieved.
Posted by Thakur Harshita Singh 6 years, 2 months ago
- 1 answers
Sia ? 6 years, 2 months ago
Business planning helps to improve your work productivity by ensuring you to stay in a right track of your goals. It also helps you to predict the road block you may get in your business success which helps to keep the solution ready for the problem you are going to face in the future.
Posted by Abha Gupta 6 years, 2 months ago
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Gaurav Seth 6 years, 2 months ago
'Bank' is a financial institution that accepts deposits and channels the money into lending activities. 'Banking' as an activity involves acceptance of deposits and lending or investment of money.
1.Central bank: Central bank is the apex institution of a country’s banking system. It controls, regulates, and supervises the activities of commercial banks. In India, the Reserve Bank of India is the central bank.
2. Commercial banks : Commercial banks accept the deposits for the purpose of being lent to industry or trade. These Eire governed by the Indian Banking Regulation Act, 1949. These are sub-divided into :
(i) Public sector banks : Public sector banks are managed and controlled by the government as it is the major shareholder. These banks make policies keeping in view the welfare of the people.
(ii) Private sector banks : These are managed and controlled by private individuals as a majority
of shareholders are from private concerns. These banks work on a profit basis.
(iii) Cooperative banks : These banks are formed to provide/grant loans to its members on easy terms. These are controlled by the State Corporation Societies Act.
(iv) Specialised banks : These banks are formed with the purpose of providing specific needs of the industry.
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Yogita Ingle 6 years, 2 months ago
Business refere to an occupation in which people regularly engage in activities related to purchase, productions and for sale of goods and services with a view to earn profits.
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Sia ? 6 years, 2 months ago
Types of Partners in a Partnership
- Working Partner
A Working Partner is one who contributes capital to the business and takes active part in its management. Hence, he is called active partner. - Sleeping Partner
A Sleeping Partner is one who contributes only capital to the business, but does not take part in its management. He is also called dormant partner or financing partner. - Nominal Partner
A Nominal Partner does not contribute capital. Neither does he take active part in the management. His contribution in a partnership is limited to allowing the other partners to make use of his name. - Partner by Estoppel
Partner by Estoppel is not a partner of the firm but by his words and conduct he leads the outsiders to believe that he is also a partner of the firm. Usually this arises, when the outgoing partner fails to give notice about his retirement. - Limited Partner
In foreign countries like U.K., the law of the land permits the admission of partners with limited liability. But in India, no one can be a limited partner. There is only one exception. The liability of a minor admitted for the benefits of partnership is limited to the extent of his capital contribution. - Secret Partner
A Secret Partner is actually a partner of the firm. But he does not hold out to the public as a partner of the firm but keeps his existence as secret. His liability is also unlimited. - Partner by Holding Out
Though a Partner by Holding Out is not a partner, he knowingly permits himself to be a partner of the firm by his activities. - Sub – Partner
A Sub-Partner has no direct contact with the firm. He is only next to a partner. - Partner in Profit
A Partner in Profit becomes a partner whenever the firm earns profit. His liability is also unlimited.
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Kartik Garg 4 years, 9 months ago
1Thank You