Theories of Punishment with Special Focus on Reformative Theory Neetij Rai Abstract: As Hobbes said that in the state of nature people were nasty‚ brutish and their life was short. Locke viewed that the people in the state of nature agreed a social contract in order to establish a formal law. In Rousseau‟s view‚ the social contract was done for the security of property and liberty. Thus from the very beginning of the origin of state‚ the concept of crime and ways of preventing it or if not‚ punishing
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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OF CREDIT IN INTERNATIONAL TRADE Group 20 Contents Abstract Documents play a major role in international commodity trade - indeed‚ standard payment procedures (“documentary credit”) rely on them. This paper mention to the categorize the different kinds of Documentary credit and the position of payment method in promotion of international transactions. Then‚ referring to two important role of Documentary letter of credit in international trade as verification
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Chapter 2 International Trade and Foreign Direct Investment True/False Questions 1. The classical international trade theories are from the perspective of a country. True; Easy 2. Trade surplus refers to a situation where the value of imports is greater than the value of exports. False; Easy 3. The economic theory of mercantilism stated that a country’s wealth was determined by the amount of its gold and silver holdings. True; Easy 4. Trade deficit refers to a situation
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current account‚ balance of trade and balance of payments. Current account is the net profits that a country gain from its export and imports of goods and services‚ earning from foreign investment also the included the profits from transfer of payments. Current account is important because it includes all international merchandise trade and service accounts‚ that is‚ accounts for the value of all merchandise and services imported and exported and all receipts and payments from investments. (Cateora
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ACKNOWLEDGEMENT A project cannot be completed alone. It requires the effort of many individuals. I take this opportunity to thank all those people who helped me to complete this project. I express my sincere and deep gratitude to Father Dominic Savio‚ Vice Principal (St. Xavier’s College‚ Kolkata) for giving me the privilege of being part of the ‘Project’ in partial fulfillment of the requirement in regard to B.com 3rd year degree course. I express my sincere gratitude to Prof. M. Dey for
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Credit • BOP must be in equilibrium • Balance of payments in Pakistan • Causes of adverse balance of payments • Measures to correct BOP • Conclusion Introduction: Balance of payments refers to sum of both the balance of visible and invisible items. The balance of Payment is a comprehensive annualrecord of economic relation of a country with the rest of the world during a given period of time. A balance of payments (BOP) sheet is an accounting record of all monetary
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Finance and Business Finance With the gradual progress of society & civilization and the development of science and technology‚ the scope of trade and commerce has also increased. Hence‚ the product-market has to cope with diverse competitions. To make profit in this competition‚ a businessman has to utilize his capital efficiently through proper planning so that the cost of production or selling could be kept minimum. Hence‚ a business firm can maximize its profit. For that purpose‚ every business
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1. What is the price of the Brazilian Real in terms of US Dollars? What is the price of the US Dollar in terms of Brazilian Real? 1. US0.4912/BR 2. BR2.0358/US 2. Did the Australian Dollar appreciate or depreciate against the US dollar from Tuesday to Wednesday? A: Appreciate 3. What is the cross rate for the Brazilian Real in terms of Mexican Peso? 0.0751/0.4912=BR0.15289/MP 4. A bank provides the following quotes: Real0.15021/Mexican Peso and Real0.004143/Chilean Peso. Which of these
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there are no informations about the period of transportation‚ the year‚ when this transportation has taking place‚ delivery terms; 5.3. there are no informations about the vessel type‚ the loading rate‚ the discharging rate‚ the freight rate‚ the payment of freight the demurrage rate etc; 5.4. how the wine is packed (in bottles‚ barrels etc.) 5.5. how was made the stowage and the lashing of the cargo; 5.6. how was agreed the issuing of the documents‚ not only the bill of lading‚ but also te mastes
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