1)What is Financial Accounting, Explain various principles of accounting (Concepts & Conventions) 2) What is Capital budgeting, Explain various methods of capital budgeting(PBP, ARR, NPV, IRR &PI) 3) What is Ratio Analysis, Explain its Advantages and Limitations
1) Explain the History and Formulation of IRDA 2) What is Risk Management? Explain various ways to handle the business risk 3) What is Financial Risk management? Explain various methods of Financial Derivatives
Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents With the objective of ensuring greater financial inclusion and increasing the outreach of the banking sector, it has been decided in public interest to enable banks to use the services of Non-Governmental Organisations/ Self Help Groups (NGOs/ SHGs), Micro Finance Institutions (MFIs) and other Civil Society Organisations (CSOs) as intermediaries in providing financial and banking services through the use of Business Facilitator and Correspondent models as indicated below.
Business Facilitator Model: Eligible Entities and Scope of Activities
Under the Business Facilitator'; model, banks may use intermediaries, such as, NGOs/ Farmers' Clubs, cooperatives, community based organisations, IT enabled rural outlets of corporate entities, Post Offices, insurance agents, well functioning Panchayats, Village Knowledge Centers, Agri Clinics/ Agri Business Centers, Krishi Vigyan Kendras and KVIC/ KVIB units, depending on the comfort level of the bank, for providing facilitation services. Such services may include (i) identification of borrowers and fitment of activities. (ii) Collection and preliminary processing of loan applications including verification of primary information/data. (iii) Creating awareness about savings and other products and education and advice on managing money and debt counselling (iv) processing and submission of applications to banks (v) promotion and nurturing Self Help Groups/ Joint Liability Groups (vi) post-sanction monitoring (vii) monitoring and hand holding of Self Help Groups/ Joint Liability Groups/ Credit Groups/ others (viii) follow-up for recovery.
As these services are notintended to involve the conduct of banking business by Business Facilitators, no approval is required from RBI for using the above intermediaries for facilitation of the services indicated above.
Business Correspondent Model: Eligible Entities and Scope of Activities
Under the 'Business Correspondent' Model, NGOs/ MFIs set up under Societies/ Trust Acts, Societies registered under Mutually Aided Cooperative Societies Acts or the Cooperative Societies Acts of States, section 25 companies, registered NBFCs not accepting public deposits and Post Offices may act as Business Correspondents. Banks may conduct thorough due diligence on such entities keeping in view the indicative parameters given in Annex 3.2 of the Report of the Internal Group appointed by Reserve Bank of India to examine issues relating to Rural Credit and Micro-Finance (July 2005). In engaging such intermediaries as Business Correspondents, banks should ensure that they are well established, enjoying good reputation and having the confidence of the local people. Banks may give wide publicity in the locality about the intermediary engaged by them as Business Correspondent and take measures to avoid being misrepresented.
BRICS is the acronym for an association of five major emerging national economies in the world. They are Brazil, Russia, India, China and South Africa. The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members Since 2010, the BRICS nations have met annually at formal summits. Russia currently holds the chair of the BRICS group, and will host the Groups's seventh summit in July 2015.
As of 2014, the five BRICS countries represent almost 3 billion people, or approximately 40% of the world population. The five nations have a combined nominal GDP of US$16.039 trillion, equivalent to approximately 20% of the gross world product, and an estimated US$4 trillion in combined foreign reserves.The BRICS have received both praise and criticism from numerous commentators.
Write the Answers for the following questions 1) What is Managerial Economics, Explain its Nature, Scope and importance 2) Explain External and Internal economies of scale 3) Explain perfect competitive market features and price determination under this market