INTRODUCTION OF FINANCIAL SYSTEM: The economic development of any country depends upon the existence of a well organized financial system. It is the financial system which supplies the necessary financial inputs for the production of goods and services which in turn promote the well being and standard of living of the people of a country. Thus‚ the ‘financial system’ is a broader term which brings under its fold the financial markets and the financial institutions which support the system. The major assets
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Essay on education system in the country Education is one of the most important factors that lead to the development of a country and society as a whole. In case of a developing nation like ours a proper education system plays a vital role in the growth and prosperity of the people .While we talk about the Indian education system we can easily divide it into three parts namely primary‚ secondary‚ and post graduation‚ where most people pursue the primary and secondary level of education the post
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THE FINANCIAL SYSTEM – NATURE‚ EVOLUTION AND STRUCTURE A financial system is an integral part of a modern economy. An effective system of payment for goods and services enables huge production and the specialization of labor in the economy. The word „system‟ means an ordered‚ organized and comprehensive assemblage of facts‚ principles or components relating to a particular field and working for a specified purpose. But the word system in the term „financial system‟ represents a set of closely held
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there is an unequal cooperative group rewards system in place that allows one team to financially benefit more than other teams within the company * Symptoms: The women in paint department were earning more than other skilled workers‚ workers complaining of inequity in salary‚ decreased retention rate‚ increased production was not sustainable. * Theories/models from the chapter 9 – Group cohesiveness‚ group effectiveness‚ cooperative group rewards‚ motivation in groups Solution Statement:
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Indian Political system 1. India is a Sovereign‚ Secular‚ Democratic Republic with a Parliamentary form of Government. 2. The Constitution was adopted by the Constituent Assembly on 26th November 1949 3. The constitution came into force on 26th November 1950. 4. The Constitution advocated the trinity of justice‚ liberty and equality for all the citizens. 5. The Constitution was framed keeping in mind the socioeconomic progress of the country. 6. India follows a parliamentary
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Discuss the structure of Indian Financial System. What is a financial system? * A financial system is the orderly mechanism and structure in an economy to mobilize the monetary resources from various surplus sectors and allocate the same to the needy sectors. * A financial system transforms “savings” into “investments” and consumption”. * “Financial intermediaries” like banks‚ financial institutions‚ mutual funds etc. undertake the task of this transformation. * Organized Sector
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Andrew Blackwell B.A. Philosophy & Economics‚ 3d Year 19F Westbourne Terrace London W2 3UN Class C Introduction In recent years‚ much economic theory and research has looked at the phenomena of wage rigidity and involuntary unemployment1‚ and within the domain of labour economics much attention has been devoted to the phenomenon of inter-industry wage differentials. Many theories have sprung up to explain these phenomena‚ and one of these‚ Efficiency Wage Theory‚ has attempted to shed light on
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CLASSIFICATION OF INDIAN FINANCIAL SYSTEM • INDIAN FINANCIAL SYSTEM CAN BE CLASSIFIED IN MANY NUMBER OF WAYS; • IT IS THE CLASSIFICATION AS GIVEN IN YOUR SYLLABUS FROM INDIAN ECONOMY BY RUDDAR DUTT AND SUNDARAM • DONT BE JUDGEMENTAL WRITE WHAT EVER IS GIVEN IN SLIDE. • IFS - DEFINITION • The financial system of India refers to the system of borrowing and lending of funds or the demand for and the supply of funds of all individuals‚ business houses and the Government
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Extrinsic rewards are the tangible rewards given employees by managers‚ such as pay raises‚ bonuses‚ and benefits. They are called extrinsic because they are external to the work itself and other people control their size and whether or not they are granted. In contrast‚ intrinsic rewards are psychological rewards that employees get from doing meaningful work and performing it well. Extrinsic motivation is when we are motivated to perform a behavior or engage in an activity in order to earn a reward
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Introduction Reward management relates pay and other benefits to objectives of the company and the individual. Reward Management is of fundamental importance in relation to good management. Without a solid approach towards reward management‚ an organisation is likely to have an unsatisfied or unmotivated workforce. It covers both strategy and practice in regards to pay systems. It has to support the achievement of the business strategy. The overall aim of reward management is that employees should
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