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Yogita Ingle 6 years, 2 months ago
● Repo rate is the rate of interest at which the central bank lends money to the commercial banks for a short period of time.
● Repo rate can be very useful in controlling credit creation.
● If the repo rate is increased, the cost of borrowing becomes costlier than before.
● So, the banks increase their rate of interest in return.
● The cost of borrowing increases for the people and they borrow less.
● Thus, the banks reduces its level of credit creation.
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Sia ? 6 years, 2 months ago
I will apply for assistance under Prime Minister Rozgar Yojana (PMRY). This scheme provides self employment to educated unemployed youth and for this, it gives financial assistance to young people from poor families so that they can establish their small entrepreneurial ventures.
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Market demand is the sum of different individuals demand at different price level at a particular period of time whereas the sum total of the demand for all the goods and services in an economy during an accounting year is termed as Aggregate Demand of the economy.
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Yogita Ingle 6 years, 2 months ago
| Meaning | Interest is the charge levied to the borrower, for the use of money, which belongs to somebody else. | Dividend is the return paid by the company to its shareholders for the capital invested by them. |
| What is it? | Charge against profit | Appropriation of profit |
| Existence of Profit | Not necessary, it should be paid even after profit is not earned by the company. | Necessary for the distribution of dividend. |
| Paid to | Creditors or lenders or debenture holders | Shareholders |
| Compulsory | Yes | No |
| Rate | Fixed | Remains constant in the case of preference shares, but fluctuates in case of equity shares. |
| Tax | Tax shield is available because it is a tax deductible expense. | Not a tax deductible expense. |
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You can check list in the syllabus here : https://mycbseguide.com/cbse-syllabus.html
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Gaurav Seth 6 years, 2 months ago
Under the colonial rule, India was basically an agrarian economy employing nearly 85% of its population. Nevertheless, the growth of the agriculture sector was meager. This was due to the prevalence of various systems of Land Settlement, particularly Zamindari system. Under this system, the zamindars (owners of land) were required to pay very high revenue (lagaan) to the British government, which they used to collect from the peasants (landless labourers, who were actually cultivating). The zamindars were mainly concerned with extracting high revenues from the peasants but never took any steps to improve the productivity of the land. Moreover, in order to feed British industries with cheap raw materials, the Indian peasants were forced to grow cash crops (such as, indigo, cotton, etc.) instead of food crops (such as, rice and wheat). This commercialisation of agriculture not only increased the burden of high revenues on the poor peasants but also led India to face shortage of food grains. Therefore, Indian agriculture remained backward and primitive.
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