Functions of Reserve Bank of India The Reserve Bank of India Act of 1934 entrust all the important functions of a central bank the Reserve Bank of India. Bank of Issue Under Section 22 of the Reserve Bank of India Act‚ the Bank has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government. The Reserve Bank has a separate Issue Department which is
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Introduction Over the past years there have been many accounting measurement systems developed to replace or serve as a supplement to historical cost accounting. However it is not possible‚ at present‚ to state which system‚ if any‚ is likely to replace the historical cost system. Perhaps the most notable system is Continuously Contemporary Accounting (CoCoA)‚ proposed by Australian researcher‚ Raymond Chambers. Chambers quoted “…that thousands of shareholders had lost millions of dollars on security
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Question 1 a) i) Advantages: The first major advantage is by having two people running the business gives the business a lot more flexibility about how to operate compare to sole traders. The second major advantage is the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control
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Pablo Fernández. IESE Business School Company valuation methods. The most common errors in valuations Company valuation methods. The most common errors in valuations∗ Pablo Fernández PricewaterhouseCoopers Professor of Corporate Finance IESE Business School Camino del Cerro del Aguila 3. Telephone 34-91-357 08 09. 28023 Madrid‚ Spain e-mail: fernandezpa@iese.edu In this paper‚ we describe the four main groups comprising the most widely used company valuation methods: balance sheet-based
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RISK AND UNCERTAINITY IN THE DECISION MAKING 1. Introduction Risk is everywhere. It is not hard to find risk. In almost every thing that we do and situations we face‚ there is a corresponding risk behind it. However‚ we cannot just run from it. All we can do to move forward is to manage this risk‚ or if not‚ at least lessen the risk involve. We can never tell what will happen unless we try to overcome it. Whether we like it or not‚ the world is such an unpredictable place. Moreover‚ as long
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Economics Submitted By: John Francis A. Ypil Submitted To: Francis Arguelles The term "Business Organization" refers to how a business is structured. The business organization is defined in the bylaws when the business is formed with the name and contact information of those who own and run the company with their roles defined. The bylaws state the purpose of the organization and what it does. A sole proprietorship does not have bylaws because one person owns and controls the business. Capital
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Steven Spielberg’s Schindler’s List is based on a true story starring Liam Neeson as Oskar Schindler‚ a German businessman in Poland. He starts a company to make cookware and utensils and brings in accountant Itzhak Stern to help run the factory. By staffing his plant with Jews who have been herded into Krakow’s ghetto by Nazi troops he has a dependable unpaid labour force. It also means that Stern has a job in a war related plant which could mean survival for himself and the other Jews working for
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An Analysis of the Moscow Show Trials and Stalin’s Soviet Union The soviet show trials were the manifestation of totalitarianism. Show trials are a public display of many key features typically found in a totalitarian dictatorship. Unlike a court room trial where debate and the introduction of evidence is definitive in a case’s outcome‚ the defendant is already considered guilty of a crime by the state‚ has no legal rights and is purposely humiliated and ridiculed in order to undermine their
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Stalin Declassified “The death of one man is a tragedy. The death of millions is a statistic” • Murders more than his own country than all killed in war Russia were in wars combined • May 1945‚ victory. USSR celebrate end of WWII. Victory at great cost. Death toll at 7mill according to Stalin. Soviet documents declassified rose and said at 9million military‚ 17 military civilians. 26 million total. • January 1924 Lenin dead. Stalin began to emerge as the chief • Goal of soviet communism-
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Liquidated - An amount‚ stipulated in the contract‚ that the parties to a contract believe to be a reasonable estimation of the damages that will occur in the event of a beach. For the court to order this remedy‚ the contract must be in writing. Liquidation takes place of compensatory and consequential remedies. In the contract‚ it must say “if contract is breached...” breaching party must pay this much to the other party. Rescission - A remedy whereby a contract is canceled and the parties
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